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79-- ~~~~i~~~ ~ .~ P' A :~+f ~1 A f3 L ~ ~i'~7 R T C~ r~ G F
<br />ASSIGNMENT OF RENTS I~nar, tkr.,~_'i1~i5-o
<br />KNOYV ALL MEN BY THESE PRESENTS: That Stevear A. utvvc:r and 'GteYhan;i e h. Szc:+.=ear, :'aiaall~;a::c and wife
<br />(nerernafler called the Mortgagors) in consideration of the sum of
<br />Thirty Qne thousand three hundred fifety dollars and 'do%100---------zJyparst5 :r^"1,35U.OU~~jr
<br />loaned to Mortgagors, do hereby grant, bargain, sell and convey unto COMMERCIAL FEDERAL SAVINGS ANO LOAN ASSOCIATIGN of Omaha.
<br />Nebraska, (hereinafter called " ommeraal"), its successors and assigns, the following descrihed real estate. situated in the County of,
<br />State of Nebraska, to-wit:
<br />---The i3ortherly Twenty Eight Feet (2a""') of Lot Forty (40) and the Southerly Thirty Six
<br />Feet (36') of Lct Thirty Mine (39) ir. Hest heights Second Addition to tl:e City of Grand Island
<br />Hall County, ivebraska.---
<br />TG HAVE AND TO HOLD THE SAME. with dfe appurtenances thereunto belonging. unto Commeraal, its successors and assigns, forever.
<br />Said Mortgagors hereby covenant with said Commeraal, its successors and assigns, that Mortgagors are lawfully seized of said premises, that
<br />they are free from encumbrances, 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 conditions:
<br />That whereas the said Mortgagors as members of Cornme:cial have this date executed a note evidencing such loan aetl agreeing to repay said
<br />sum of money, with interest, in payments as set forth m said note and have agreed to abide by the terms of said note and Charter and By-Laws of
<br />Commercial.
<br />That whereas this mortgage shat; secure any addrtiana! advances, with interest, which may, at the oohon of Commercial, be made by Cam
<br />menial td the, undersigned Mortgagors er their successors m ht!e for any purpose, at any hme before the release and cancellation df this mortgage,
<br />but PROVIDED. HgWEVER. at no time shall the aggregate pnncipal amount secured by this mortgage. heing the amount due at any bme en said
<br />original note and any additonai advances made, exceed an amount equal to 110 percent of the amount of the onginal note, but in no event shall
<br />said Hate exceed the maxnnum amount permitted by law. and PROVIDED, HGWEVER. drat nothing herein contained shalt be considered as lim~hng
<br />the amdunl that shall bd seemed hereby when adverrced to protect the security or m accordance with covenants contained in the mortgage.
<br />Naw, ~f the s. ~ Mortgagais s~iaU pay or cause td be. paid Itfe said sums of nidney when due. as set lorth m said into, and any other note for
<br />addihor:al advances ~ ado until said debt ~s fully paid with interest, then these presents shall be vmd. otherwise, to be and remain in full force and
<br />effect; turf rf default should be made:
<br />ta; in any df t,^,c payments due on said note, and any other note for additonal advances made, as therein agreed to be made for three months, or
<br />+b~ In keep~n; the improvements on said premises insured against foss by reason of hre, iightmng, and other hazards included in extended
<br />cove+age insurance m an amoun! not less Phan the unpaid balance of said mortgage loan, m a company or companies acceptable to Com-
<br />mercial, the onginal of such policy or policies to be Held by Commercial, and with a mortgage clause attached to said policy or policies,
<br />in favor of Commercial; or
<br />ic+ In the payment of taxes and assessments levied upon said premises, or on this mortgage, before they are delinquent: or
<br />d If L"are is any change in the ownership cf the seat estate mortgaged herein, by sale, erther eufnght m by ?and contract, or by assibmment of
<br />any interest thereon or otherwise;
<br />then, in any of the ahove set-forth events, the whole indebtedness hereby secured shall, at the ophcn of Commercial. ;mined+ately txcome due and
<br />payable wit'nout further notice, and the amount due under said note and any other note for additional advances made shall. from dte date' of the exercise
<br />df said option, bear interest at the maximum legal rate per annum, and this mortgage may then !+u forec!ased b sahsfy the amount due on sard note, and
<br />any other note for additional advances, together with a.! sums paid by Commeraal for insurance, taxes. assessments and atastsact extens~dn charges,
<br />with interest thereon from the date of payment at the maximum legal rate.
<br />FROVIDEO that in no event, either before or alter default, shall the interest due under said note and this mortgage and any other note for ad
<br />ditional advances made exceed the maximum lawful interest rate.
<br />PROViDEG, further, that in the event that default decors in the making of the payments duo on said note, and an ally other ,ante tdr addiha!at
<br />advances, as therein agreed td be merit. dr in keeping ttre ~ e;nisds insured, as above provided, cr rt default b2 n?ado irr the payment df ti78 taxes
<br />ar assessments Ieviud upon the premises aG~^ve deserihe:d dr upon this mdrtgage, L~tare they are Gtr law delinquent, Commercrat Shall be entttted
<br />to the h r.ed:;l to pdSSESSien r?f the =em:$eS alxa ve drS i~,i tncether with a!! rr'!tts, prpeeeds and ic4i.P_.g arising nit of the= am'cac ann may
<br />rn its discrehun use the rents s== tar as rt 4~.ms neC~ -say for the ixrrpcse ,f makln ~epa~rs utrnn the p[emrses and ter the ,ravmert of insurance
<br />„ ....~r:_ r....e a::i: ~° _..:~.._ '. -.. _.. _., ~.' '-'- _.. - :.._..__.;.y _-.r_a_._ •~r_~tr~d .n .a., , k ., ,,, s.,., ., Fretram
<br />~.,. „s
<br />to apply same on said note Ind any Holes evidencing future advances he~eunda unhi the mdehtedness secured is fully said: ang tct~~ch euteoses_
<br />fire undersign~i s here sets a,,;~, sg ~,+€; and trans,€, u„ta ,,,r.<<af a , „s said •anG, pracends and incomes ~nwtoding any teed conCae#
<br />p~y~re5i5 site ~ft~~ ~e:s _~ . r c. ~rT Y e5 ,;; a r •'•r`p= ~ r v~ e. s d p,uyc~r r$ Ce ar;ci ~ ;;n ~e rcre'; abi.ve rt~3 r irr e7;?
<br />Cemmerciai mall m no case he liahre far the fa+iure to procure tenants. to couect rents. or to piasecuto aoPions to recover passession ei said prenuses`
<br />The ~'tCae rs further appd~nt Commercial of Omaha, Nebraska. fnerr atNrney m tact, g,wng sard attorney ~wcr ~rrev~eafrry, either on its own
<br />name a Mortgagors' names !o tike all necessary Steps for proceedings m court 2r otne!wiSe. td cause said prem;ses ',,. t,'e vacated, td cd!tect ren4a!s
<br />or ottrer incor.!es due, and when vacant, to relet the setae, to make ail reasonable repairs and pay taxes out of sa+d rents. protRts- cc'ntract psaymentS ar
<br />incomes and to dd ail such things either by it; own officers ur by ether oarhes du#y authdnzed and aopourted br rt as its agent toe .,,r,i puapn~e, ~d
<br />td charge or cay a reasonabte fee fur such sorvices, all dt the agave [o be dune at such tunes ano !n such r?Wnndr and an such terer~s r to them sard
<br />atmrney may scorn hest, with full power of subsbNdon
<br />Tho Mortgagors hereby agree that it Cammercra! eithor •~luatarrl, or ~ tv ,:,,r ~ r t - yes ~5 race a rv to ,,ny sort or et < =~ratmg
<br />io the here~nhefele Qesentx!d test estate. nr to this mortgage or said rUtti o naEes .,". tha~~ a hreiasu~e ea ,,,:Eed y (,era?erCr t s,~~crs will
<br />rern!trarse C^°'mcraa! for a!! reasonable costs incurred hY Cdn;,oerc a~ .~, sa:rt s:; ! _~:? *, -,$,.r~;--., ,,. pe, agree drat ! . ~t:'<fore
<br />descnhad real estate er any part thereof be condemned Under the pawe+ of w^--tour a ..au. ~~ s :liaerw sd acquued Ion a puoiic t+se~ the damages
<br />awdrded, the ptnceods for inn taking. and for the consideration far sod acquisiUa+ t~+ the cdent of the full an,punt of the remam~ng unpaid u+debted-
<br />ness seeuret ny mrs mortgage. Ge, and they hereby are, a=srgne,"". to u ;e'C,ai aru yea [~ ra ~ :~iew,~° . _ - ~=•err;-3: a ~ ap,,+-ed en account of
<br />Lne tbst mahinng rnsGifia:ents of such rndehttcincss.
<br />t?ah!d th15 -ISt;___--.-clay nl u~P Ceyri~?F;Y' _,. __.. . !~ '~`?-
<br />tN THE PRESENCE QF'.-• ~"r` ~ ~ ~i ~ ~ -_,~` ~ =rTs ~.._-- --_.
<br />_ ,f
<br />r t>!,
<br />Y - ~~._-~~__
<br />STATE OF NEBRASKA t_~.~.~ `-_-=.._n--~~ Stephanie A Stover
<br />CDUNTY OF HALL ss.
<br />On this 15th day of .__Septe~~e~' . - ._ 7s__ .. y public ~n and for said County. personally tame
<br />the af>ove-named ~ ~ - 19 before me, a notar
<br />Steven A. Stover and Stephanie A. Stover, husband and w.Te
<br />io me well known to ~ the identical person or persons whose Haas rs dr names are affixed fd the above mdrtgage as granter dr grantors and they. he
<br />ar sh id instrument and the execuiiod thereof, to be their voluntary act and deed. ~~,.
<br />tuaut rosr,~r-sun r r.w.,~. ,. ~ ~
<br />~'~~
<br />WITN ~~ ~ ~ year last atxve wtifian. ~,~~>~= ~`, ~ r / ,.-' ,-
<br />~;.
<br />_, N~tl~q Fuhii;:
<br />My commission expires on the . 4 `''~~ __ day df _ -~U~t"_~_'_ ___ _ la~~, qn ,;.
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