|
79~~~s~~'~ EXPANDABLE MGBTGAGE yyryJ-,
<br />ASSIGNMENT G5E RENTS Loan No. _--._,------_..._
<br />KN06V pLL MEN BY THESE PRESENTS: That '~incenrt A. Boudreau and Marilyn F'. Boudreau
<br />Twenty-eight thousand dollars and no/100------(hereinater called the Mortgagors) in consideratdon of the sum of
<br />Dollars (S28 r ~O.CO-----)
<br />loaned to Mortgagors, do hereby grant, bargain, sell and convey unto COMMERCIAL FEDERAL SAVINGS AND LOAN ASSO~IATtON of Omaha.
<br />Nebraska, (hereinafter called "Commercial"), its successors and assigns, the following r+escribed real estate, situated in the County of,
<br />State of Nebraska. to-wit:
<br />---The Southerly One Hundred Feet (100') of Lot Eight (8} Black Two (2) West North
<br />Lawn Second Addition to the City of Wood River, Hall Cotmty, 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 wi(h said Commercial, its successors and assigns, that 6^ortgagors are lawfully seized of said premises, that
<br />they are tree From encwnbraeces, and that They will forever warrant and defend the title to said premises against the lawful claims of all persons
<br />whomsoever.
<br />Provided. nevertheless, these presents are upon the following wnd7hons:
<br />That whereas the said Mortgagors as members of Commercial 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 in said note and have agreed to'bide by the terms of said notz and Charter and By-Laws of
<br />Commercial.
<br />That whereas this mortgage shall secure any additional advances. w7th Interest. which may. at the option of Cumn7erG7al, be strode by Com-
<br />mercial to the undersigned Mortgagors or their successors m title for any purpose, at any t7lre before the release and cancellation of th;s emrfgage,
<br />trot PROVIDED, HOl4EVER. at no time shall the aggregate princ7pal amount secured by thu mortgagz. being the amount due at any time on said
<br />original note and any addihonal advances made, exceed an amount equal to ! 10 percent of the amount at :he original note, but in no even, shad
<br />said note exceed the maximum amour.! permitted 6y law, and PROVIDED, HOWEVER, that rething herein contdlned shall be considered as limiting
<br />the amount that shall be secured hereby when advanced to p[otzrt the security or to accordance w7th covenar.is contained in the mortgage.
<br />Now, if the s id Mortgagors shall pay or cause to be paid the said sums of money :vhen due. as set forth m said note. and any other note ter
<br />additional advances made until said debt is fully paid with interest, then these presents shall be vola. otherwise, to be and remain in full force and
<br />°.ffect: but if default should be made:
<br />ta? In any of the payments due on said note, and any other note far zddihonal advances made. as therein agreed to be made for Urree months, or
<br />Ib) In keeping the improvements on said premises insured against loss by reason of t7 re. lightning, and other hazards included in extended
<br />coverage insurance in an amount not less than rho unpaid balance of said mortgage loan, m a Company ar eemparties acceptable to Com-
<br />mercial, the original of such policy or policies to be held try Commercial, and with a murtgagz Clause attached to said pvlicy or policies,
<br />in favor of Commercial; or
<br />ic} In the payment of taxes and assessments levied upon sa7d prem7ses, or on this ma::tgag~e. before a;ey a;e detlnquent; or
<br />id1 if there is any change m the ownership of the real astatN mortgaged herein, try sale. either outright or by land rnntract, dr 6y aSSigunent of
<br />any interest thereon or otherwise;
<br />then, in any of the above set-forth evznts, the whole indebtedness hereby secured shall. at the option of Co!nmernal, rmmedratety become due arud
<br />payable without further notice, and the amount due under sa7d note and any other note for addihonal advances made shat!, from me date of the exercise
<br />cf said option, !rear interest at the maximum legal rate per annum, and this mortgage may then L~ torzciosed to satisfy thz an,.x:rt due cn said note, and
<br />any other note for additlanal advances, together with all sums paid by Conrmertial for insurance. taxes, assessments dnd abstract extension charges,
<br />with interest thereon from the date of payment at the maximum legal rate.
<br />PROVIDED that in no event, either beforz or aftr, default, shall thz 7nteres-t due under sa7d note and th7s mcrfgagz and arty other note for ad
<br />tlilional advances made exceed the maximum lawful interest rate.
<br />PROVIDED, further, that in the event d:at default occurs in the making of *he payments due nn said Hate, and car any other nit£N ttk addi5onat
<br />advarrCes, as therein agreed to ~c ~:~dE. u: .,, 5~k. ,,g ~ a ,,,r~i ,rs _ure;,, „ atJV>? provided, er it de.au:t ~ :mav>: ~: mz ~,:r~,.t G.f ~~ tars
<br />or assessments !awed upon the prem7ses at*uvz dzstrrhzd o: sF~on th73 mortgage. t~ztore they are tyr taw doting„ant. Cemmerrat shahi he er;fitted
<br />to the immediate passessicn of the prernses atsevz des::rlned. together with ail rents, proceeds and issues arismp r-ut?f m.N ;;C~ni:ses. a!rd ma•r
<br />In its dlstr£hon aS@ the PEntS ie far dS it .if.?fi "FEf45~;=T ,u' ~i@ j'ruriti5@ crl ,,,axi~t~ ,ct,aiYS ~aJ~i I;aN y;€E t~i2> t. u ' - ;.~a_a'Ft: t _+ -=€i~r~n=N
<br />ptanriums, taxes and 355QSi,en is -~ n st_ch ire-U!t nt: r -ara:~~.~ # aKn ~icp; inrt;:rgd art al. t, .~~ `a n'~ _ °' ~ !'a.c ,~4;,•_ ~,~
<br />to apply sable on sarC note and .,,,, ,,,;,us er,denGink rutiire advmnces ~e•m,~rc;er anfr! the 7naNfnzdnzss sc urcc i, tu77v ca d; and too 3uR:h purposes
<br />the untterst~ °d ;toes ~:;, s°". ~' ~- , - , -, - ia. + t. _ ;:.. .:~_ W~;, is y ;;5 c~,';a~,:
<br />--~3-yg;?Lt9-tom msttg~~ ryyrg ~? _ 4; _ ,~be ~ - ~-7 r _ e r ..~ ~.: ~ .,,~ ,•~~ _.
<br />Ganme[Glatshalf In rib Case bC hab!e tOr mN'fhir re 10 UrOCUre tfnantS to COl!eCt rtYilS Or IO prOSetufN aCUOni i0 rNCC4'Qr pOSSeSStUl Of Said pretE732S.
<br />The Mortgagors further afg>Drnt Gummzreear of ttn!aha, Nebraska, tnzir attorney 7n fat!, g7ving sa7o attcmey ever +r;NV.Gabry ether on its awn
<br />name or Mortgagors' names m take a!I nectssarr steps for proceedings .n court or othNrw.se, to cause sa7d prem7ses to :~ vacated. tc ce![ev t rentals
<br />6r other I!ICOmeS due, and Wh@0 '~3Cdnt. to role? d'r@ same- rn make a!i teaSOn3ble repairs altd paY taxes Out of Satd felitS, plOt;;S t~wntraft pdyrnents Or
<br />IntOnreS and t0 QO ail SUGh 71ng3 Nl Cher ny it Ow I ^tfICN-3 C. t''Y adil'r edifies duty ail thorlZed and appointed by ~f. 3S 7fS a~ert€ 1~• G. _' C§irpOSN, ant!
<br />th charge or pay a reasonable fee for such se ,.ces. a71 ' l aL»vo to be done at such burps and m such mannar and r, sari te~ _` stn Me=r sat.
<br />attorney may wear bas!- with tuft ~s;zer ct s;,Cr<h;ut;u;:
<br />The Mortgagors heretry agree mar r C~~~. c a t !. ~ I~IIr'7!y ,r invoiunrar7ly bNCUmes c! s made a,a h t a s k' ar r ,-•at;ng
<br />to the herernbefore destnbett rear ei+atN o. i m ~ ;aye s7,e; Hate yr notzs cthe7 Than a +c•eClasurN insf7tared trx Cr`!Nrt~a ~, wrti
<br />reimburse Commercial ter all +4aSSmable eOSti r. C.r.rN+ Dr l.a ,oral G7n! :n said su7t or procezdn7g The ?,~rtgagors f_,rrho7 as ~ t _ r_.g:o2ntcyrN
<br />deSCUhed red! estate or any part thCrour t+e cnndemnee~ ut7d(r tt;N pnwcr of cvmnent domain, or is otherwise acquirett f0, a t?dJD?s.c usr thl? darra~s
<br />awardod, the proceeds far the taking and fur the Car7sldNrat7r}r, for such acqu7s7hon to the extent of the lid! amount of the rerra~n,rtg ur.;,aid :ndNbtNd
<br />Hess secured try this :nor'.gage, ~. ar _ TMrey Fretvk»< are e= ~+<^. t, ('7tr inerGra! and shall be paid fcrthwr±h tv G.:, Ge.e ~ `- ?~ ~., + _- a;:e~. .
<br />the last matur!ng rastat,-.:ants ct s,. h tndebtetha+rws
<br />OaiBd tfit5 _._.. 8t?l- _-_n day of _._~'~'~t~?hi}IC 19 _7`T.. jj
<br />IN~~RE~ENG€ OF: .,_~ .d1!1~_~_t~~-- ---
<br />_ i -
<br />~4
<br />) ~-'~'--''°~. _._...__~ Vinee^t a [craw
<br />STATE OF NEBRASKA ~ __ Plarilyn F. Boudreau
<br />ss. __.._e__~ _.. _~___ _..-. __. ___ _ __~___..-.....--_..__-- .------_-. _r_
<br />COUNTY OF tlAT,S,
<br />- On this __~ ~-___,___ day of ___~~p~ _„-..-....._ -_. _. t9 ~'~ ,before trio, a notary public in and for said County, personally Game
<br />the above-named
<br />tq me welt known to be the identical person or persons whose name is or rrames are affixed to the above mortgage as grantor or grantors ono they, he
<br />or sh^, severally acknowledge the said instrument and the exetiuticn th€r2of. tc b2 thou . iuntary act and deed.
<br />!tlIQtARt' • tea! t~ r ---~ `
<br />WITNESS my hand and Notarial Soal this day and year ias ,• i ~' V1~~4 r/f _r ~,' ' `
<br />Eg1.4~. tT, 147@ / -3 ~ ~, J- '
<br />... __-_
<br />/ ~~ - ~~ Notaiy Public ;<--....
<br />My commission expues on the _-!_ ,~_. __..___ day of , ~~='.. ,. ... it_ ._ . i9 - M 5~1
<br />
|