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7.9'-+;' p~;~,~,35 EXPANDABLE MfJ~LTICarAGE
<br />` A5SIGNMENT OF RENTS Loar+Na.._.~~~~r~":~? ___
<br />,' KNOW ALL MEN BY THESE PRESENTS: That Melvin G, Legg and Jacquelyn Legg, husband aad wife
<br />r (hereinafter called the Mortgagors) in consideration of the sum of
<br />Thirty-Three Thousand Four Hundred and NO%100---------------------Dollars (5--33 460.00--)
<br />r loaned to Mortgagors, do hereby grant, bargain, sell and convey unto COMMERCIAL FEDERAL SAVINGS AND LOAN ASSOCIAfiION of Omaha,
<br />Nebraska, (hereinafter called "commercial"), its successors and assigns, the following described real estate, situated in the County of,
<br />'~ Hall State of Nebraska, to-wit:
<br />Lot One (1) in "Sunset Fifth Subdivision", being a part of the
<br />Borth Half of the Northeast Quarter (N1/2NE1/4) of Section Eleven
<br />(11), Township Eleven (11) North, Range Ten (l0} West of the 6th
<br />P.M., in Hall County, Nebraska
<br />TO HAVE AND TO HOLD THE SAME, with the appurtenances thereunto belonging. unto Commercial. its successors and assigns, forever.
<br />Said Mortgagors hereby covenant with said Commercial, its successors and assigns. that htartgagors are lawfully seized of said premises, that
<br />they are free from encwnbrances. and Thal they will forever warrant and defend the true to said premises against the lawhil claims of all persons
<br />whom~~ever.
<br />Provided, nevertheless, these presents are upon the following condllinns;
<br />Thai whereas the said Mortgagors as members of Connnerclai have this date executed a note evidencing such loan and agreeing to repay said
<br />sum of money, with interest, in payments as set forth m said note 2nd have agreed to abide by the terms of said note and Charter and By-Laws of
<br />Commercial.
<br />That whereas this mortgage shall secure any addlbanal advances, with interest, which may. at the option of Commercial, be made 6y Com-
<br />mercial to the undersigned Mortgagors of their successors m Title for any purpose. al any time before the release and cancellation of this mortgage,
<br />tint PRnVIDFn, HOWEVER. at nn time shall the aggregate principal amount secured by this mortgage. being the amount due at any hme on said
<br />original note and any additional advances made, exceed an amount equal to 11C percent of the amount of the original Hole, but in no event shah
<br />said note exceed the maximum amount permitted by law. and PROVIDED, HOWEVER, that nothing herein contained shall be considered as limiting
<br />the amount that shall be secured hereby when advanced to proter.t the security ur m accordance with covenants contaroed in the mortgage,
<br />Now, if the said Mortgagors shall pay or cause to he paid the said sums of money when due. as set forth ur said note, and any other note for
<br />^ddaia.^.a! edvanc?s many ,,,,r~l can Went is fully paid with interest. then these presents shall be void: othereise, to be ar.d remain m full force and
<br />effect; but if default should 6e made:
<br />ta? in any of the payments due on said not?, and any other role far addrtional advances made. as therein agreed fa be made for three months, or
<br />ib~ In keeping the improvements an said premises insured against loss by mason of f!re, i!ghhung, and other hazards included in extended
<br />coverage insurance in an amount sot Tess Phan the unpaid balance of said mortgage lean. m a company or companies acceptable to Com
<br />menial, the anginal of such policy or policies to be held by Comn!eraa!, and with a mortgage clause attached to said policy or pollees.
<br />m favor of Commercial; or
<br />rcl In the payment of taxes and assessments levied upon said prenuses, a. or, this mnrtgege, before they a?e daiinquent; or
<br />id) f there is any change m the ownership of the real estate mortgaged n?rem, by sale. either outright or by land contrac[. or 6y assignment of
<br />any interest thereon or otherwise;
<br />then, in any of the above sebforth events, the whole indebtedness hereby secured shah, at the ophan of Commercial. nnmediately become due and
<br />payable without further notice, and the amount due under said Here and any other note for addifrona! advances made shall, from the date of the exercise
<br />of said option, bear interest at the maximum legal rate per annum, and this mortgag^ may fhai; be farecioseC to satisfy the amount due on said note, and
<br />any other note for additional advances, together with all sums paid by Commercial far insurance. taxes. assessments and abstract extension charges.
<br />with inieresl thereon from the date of payment at the maximum legal rate.
<br />PROVIDED that m no event, either before or after default. shall the interest due under slid note and this mortgage and any other note for ad~
<br />dihotial advances made exceed the maximum lawful interest rate,
<br />PROVIDED, further, that in the even[ that default occurs m the :Waking of ihp pav:nents oue an sale Hate, and on any other note for addibonai
<br />_ ,_„-__ _~ tnoroin o oar. rn no n,anr m i^ kaPnine the orernsas u!sured. as ah;rve prav~ded, a u detault be made m the payment of tb? taxes
<br />or assessments levied upon the premises above deserlb`ed )i upon th+s e,a'tga;e. kef".rte th?y arc by law det+ngaent. Ccmmerciai snarl ae~ entitieo
<br />fo the immediate possession al the pre!ni5es ad~eve-d?sa~tled. togz th?r w!th ai rotas. p uceeds one Issues arising But of the premises, and r.}ar
<br />in Its tliscrebon use the rents sa far as ~t d??~<< rice- ~.,a-v ~„r thr r-' ,:os? r nlr.n rca- ; ,.v:. Bra [ r,,is?s any: for trio F,ayment of Isurance
<br />pr~?la is. tax€ and assessments ~i, suc`• ,"em.lses. a t . =coos -, x~ei;;e t ~ ~r e x s=:: ? ,ses a:i .. e: t+ng ec ,h€r?+r_ ° am
<br />to apply same on said note and any not?s evidencing future advances neicundE imU! the irdebted~~ess secured is h;lfy paid; and Tar such purposes.
<br />the undersigned Ives h?r?try se ~. assign. ,?, o =~ a_d „~~_ e, ~, , ~ ,; ,,,ie _ _ ~> a. -~ Rs r, , a,. ns a„y 'and i~#. ~Et
<br />o~,ay;nc'-nts rki? ^ertgage ow;,ers ar aria ^-the. „ _ .. s_ . . nr :y,._ w ! - '_ . ,r, ..._, a:.~.z d?s-°.~d. ~:€ Irv
<br />Commercialshall.n no case be Gable for the tai lure td preaire tenants to .cried rents )r tu~prasewte ac6ai s !a reear?[ pessessinn of Sai6 preen+srs-
<br />The Mortgagors further appmnl Commercial ct Onkaha. Nebraska tha~+ attr;ney in (act. g,r,uy said attn_rn4q power ~^evucabty ?,ttrer on pis awn
<br />name or Mortgagors' names to take all necessary steps lot proce?Burgs ri route a= otheiw+se to cause said pr?raises to br +acated- tc collect ren4lls
<br />or other incomes due and where vacant. to toter the same. to make a!I reasonable repay*s a~~e aay tares nut of said rents profits contract paynents or
<br />mcom?s and to da a!! such things either by its own offuers dr by cihCi patties daffy ai,fhsn:ed and appointed b•i it as Ifs agent fsr sa.d purpose, and
<br />to charge nr pay a reasonable tee Tar such sernces air nt the above to t>e drne at such bores and ;n such ^ianner and en such terms as to m?u said
<br />attorney may seem best. with full power of s~bshtubori-
<br />Thu Mortgagors nerchy ogre? the! ~f Ca r c+at c, tin -,uniai r ., .~ivJiu ,;ri y t><,~7i rs a s °a _p aattu t: auy smi of a,octeding r?faking
<br />!o the hereinbefore desuibed real estate- ='r t tti~s -=n-rtbcga =r sa~•l r~tr -. ,. ~t s , _ the, r i ~ e~_:_s. t :, t,t,t~: t, _ m=*arc,ai ?doft~agars wrli
<br />ralmlNlrSe Dammer;lal for all reaSnnat)IP. i05f5 Ir!CJrieC by ~Ciiinei Ciar eP Sa~C §u ~! Of pt pCledm~ ThE "32rtka ~2r`n ferthei age?e Chdt +f die het?iflt~tore
<br />deSGflbed reAl estate G! 8ny part lh?teat tee rtirttl?n'n?c1 tlridei the f%Wpi ;i M^~'ien) 6',"a~!i ii ~3 theiw >c ,.r7us!?d !..! a pUbtiC u5@. th? da!cageS
<br />awarded, (fee Droc?eds far Ih? lakirg, and ter Ihe~ ,: ons+deraliGU for s„rh aryidsibon h, Ihr~ exle!ri Ut rh? tell ar•plln; -i! trip le~+^avung unpaid uidebted-
<br />neSS 5CCUred by this Ifnltgdge, Ge. and they hereby NIC a95i geed I;+ Ct+„n,B~taal altC Shar! L>e Gnid `Crlhwlth f0 Ce~r,ticri,?,r (tl bC 1pPIiPd on ai-UQnnt of
<br />the last m2tun2ng ~nsEall~tents of such urdt3S lean?ss
<br />Datedtllis.~±.Q_ _._. __dayof _4~!~__ i9 7~
<br />~_7 -
<br />INPRtES~F~.NCE OE: Zl ~- ..~ s _ 4~-~-+';t'~... .._---., _.. .
<br />v3. ~e -.
<br />6;~:
<br />._.___...___......._ _~__._T_ ._.__ . ._.__. ~..-.....__.,. __ _
<br />Jacquelyn Legg
<br />-STATE Of NEBRASKA _
<br />COONTY OE *~~ Efal
<br />On this -lam `-~ ~~ _ day of Q,teR_ 19 Z~, before inv. a notary pubbc ut and for Bald Caunly, personally came
<br />the ahove-named Melvin G. Legg and Jacquelyn Legg, husband and wife
<br />to me well known to be the identical person or persons who n or n ores ace ai!ixed to the above mortgage as grantor or grantors and they, hp
<br />or she, severally acknowledge the :.aid inshument and th? cu~ie~!PG!M6MC,iry act and deed.
<br />LO 0. 1NEQ9EHG
<br />WITNESS my hand and Notarial Seal this day and year las a wdtlenpmm~ ~ ~' a7, t978
<br />- N i Pubiir.
<br />My coinmissmn expires on the . L_~__ _.. _._._-. tlav of _ 1'? ~ ~ M11 50
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