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79-r1~E~~ E~~'~.Nd~ARLE 1'~YC)RTG1~iC~7E _;,~~+,~.,_.~
<br />ASSIGNMENT C1F REN`i S Loan No- ...___.-----...,__--__-....._..
<br />KNOW ALL MEN By THESE PRESENTS: That Leta Ft. B;i:'s on, ea lint;le person
<br />Twen y (hereina#ier oohed the Mortgagors) in cgnsidera±ion of the sum of
<br />t Three thousand two hundred dollars and `c/100-----------------Dollars (Sv~'~23 2GC.OC ~%~~
<br />loaned to Mortgagors, dq hereby grant, bargain, seN and convey unto COMMERCIAL FEDERAL SAVINGS AND LOAN ASSUCIA'(ION of Omaha,
<br />Nebraska, (hereinafter called "Commercial"~, its successors and assigns, the following described real estate, situated in the County of,
<br />State of Nebraska, to-wit:
<br />--the West H31f (W 1/2 ) of Lot Seven (7) Block Ninety-three(93) Original Town, now
<br />City of Grand Island, Ha11 County, hrebr.---
<br />TO NAVE AND TO HOLD THE SAME, with the appurtenances thereunto belonging. unto Commercial, its successors and assigns, forever.
<br />Said ktcrtgagirs hereby covenant with said Commercial. its succossors and assigns. drat Mortgagors are lawfully seized of said premises, that
<br />they are flee from encumbrances, and that they sill forever rwarrant 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 cindihens:
<br />That whereas the said Mortgagors as members of Commeraal 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 abide by the terms of said note and Charter and Bylaws of
<br />Commercial,
<br />Thal whereas this mortgage shall secure any additional advances, w~N interest, which may, at the option of Commercial, ire made by Com-
<br />mercial to the undersigned Mortgagors or their successors in title for any purpose, at any time before the release and cancellation of this mortgage,
<br />but PROVIDED, HOYiEVER, at no time shall the aggregate principal amount secured by this mortgage, berg the amount due at any lone on said
<br />onginat note and any additional advances made, exceed an amount equal to i 10 percent of the amount of the original note, but in nq even' shall
<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 whey, advanced td protect the security or'm accordance with covenants contained in the mortgage.
<br />Naw, if the <.a~d Mortgagors shat! pay or cause Eo ire paid the said sums of money when due. as set forth in said Hate, and any other Hato for
<br />atlditiaiai advance-, made until said debt is fully paid with interest, then these presents shall be void: otherr+ise, to 6e and remain in fuN force and
<br />effect; but :f default shouttl be made:
<br />raa In any cf the payments due en said note, and any other note for additional advances made, as therein agreed to be made for three montlrs, or
<br />(b) to keeping the improvements on said premises insured against loss by reason of fire, lightning, and other hazards included in extended
<br />coverage insurance in an amcuni not less than the unpaid balance of said mortgage loan, in a company or companies acceptable to Com-
<br />mercial, the original of such policy or policies to bo held fay Commercial, and with a mortgage douse attached to said policy or policies.
<br />in favor of Cammerrial; or
<br />!ci In the payment of taxes and assessments levied upon said premises, or on this mortgage, before they are dellnquer,t; or
<br />rd) If there is any change in the ownership of the real estate mortgaged herein, by sale. either auhight nr bj !and contract. or by assignment of
<br />any interest thereon or ntherwiso;
<br />then, in any of the alcove set-forth events, the whole indebtedness hereby secured shall, at the option of Commercial, immediately become due and
<br />payable without further notice, and the amount due under said note and any other note #or additional advances made shall, from the date of the exercise
<br />of said option, bear interest at the maximum legal rate per annum, and this mortgage may then be foreclosed to satisfy the amount due on said Hate, and
<br />any attrer note for additional advancos, together with all sums paid by Commercial for insurance. taxes, assessments and abstract extension charges,
<br />with interest thereon from the date of payment of the maximum legal rate.
<br />PROVIDED that in no even±, either before qr after default, shall the interest due under card note and this :ncrtgage and any ether note for ad-
<br />ditianal advances made exceed the maxrmum lawhal interest rate.
<br />PROMt;f D. ' .#ae.. r,at ;' the event :ha# default ;;ccurs ;n "re making of the raym~ts due a.. said ..ate. and a~, any oth~e Hate ice ariu'ihi=Y,a?
<br />adyanrns, S !h ear; aar~E1 is hr 2'1f_ er -a?rg;ng ttre ~rrr;tlSa~ ,nc~~rar1_ __ ~'ut a prgytriad ,v ~t d ~t n3 -__ t lr.a _ _ t AE u.. ~~~~
<br />or assessments le•rred ~~cnn the prFr=.~ses a!v?ve described or upon this mortgage, before they are by taw ..el .rquont. Can...e.,;ai she}l 6e entitled
<br />io the imn;o;'iate pcssess+an ~ot the f;ro,~,rsos abovn-descr~bid, togother with al! rants. proceeds and ~s5oes ara~ng aui of the premises, and may
<br />a
<br />is.- _,~ .., - s.. es ~; u, _ ~r k~any fur Gic ut ss? of n;+k~n • rr i~.rs ~Fcn the - a- : - nr ~: ;n t;!?=.t€
<br />~,r =
<br />pt~navr.,a, rcx.- :.,,~ v S.a~r_ _.i~ -_E-e- assn v~4~.~aer and fir nac's'sar'v ex .."~2~ inCrrii2d in . tt~.ra ssi:i ., ~asCs 3rsy~ air i6 , cool $~!e(efrrtr.;- ar?~`
<br />td apply sane v~rr sa,c wore „=~d env rotes eeadeaacrt:g huture advances taerfv,nder uat~a tt:e „ad-obe= ~e:1 _ec.,r~; ,_. fu=1~ r;:{ ~r£ ~
<br />J .f
<br />.. r and f`Je 3~j,.;. r- rvSeS.
<br />Ma "'vcrai ^"°d r e h N . est .. sn~ E "for .. P __ _ _-
<br />paymonts due mortgage owne.s a! any olhercincumes of any t/pe whatsneve frnna tad ~rGUerty !p he ao;?' e...n mu ,,.t..s v~,~e-^es.r.t~d h,t ~,.,.
<br />Cbmmerc.a4 ;hat,,,. ~.,, case ;~ ,ratite tu. tho #aalurs t. prxu~e tenants. tc GGile%t rents it to prosecute acL6ns '~ recover us. essr n t
<br />p 5 q o said prey=uses.
<br />The Mi-tgagots further app~?rnt Gimnrercial if Omaha, Nebraska. their attorney m fact. g+Wng said attctney ;;`awe; ure~eahfy. ertlter as ate catn
<br />name or Mortgagors' names to fake au necessary steps for proceedings in court ar okherwise to cause said prenuses to be vacatcul. (q eotlecttenttis
<br />or ober incomes due, and when vacant, to relet the same, to make all reasonable repairs and pay taxes oat at said rents. profits cun!r<ret payments er
<br />ncomes and b; do all such things er±her by its own officers or b} other narbes duly authcri~zed and appginted by ~t. as its agent f,~r 'said purl>asu, gap
<br />Yu ehargo or pay a reasir+able foe ivr such service;- ail of the above to ~ done at such times and m such manner and an such tares as to their sand
<br />attorney ma; seem hest. with fuN power of subshtuhon.
<br />The hlortgagirs hereby agree that if Commercial either voiuntan~y ur 4rvul„nta pry x ryes ur ~> made a ~riY is any ~wr -~ pru ruiang retahng
<br />to the hereinbetore described real estate, or to ihrs ~';ortgage ar said note or notes c.he. than a a.cr jsure instituted by Cu:n,..a+c:a ..",.,.rtgagnrs aril
<br />rermbursa Cornmeraal i'or ah reascnablo costs occurred by Commercial rn said srri[ or proceeding. The'9erigagors further agree Thai ~! tt:e hereuitaefpro
<br />descrbed real estate or any part thereof tha condoarned under the power of ecrinerrl ddnrair., it .s ofharw~se acquired ter a pubf~e use the damages
<br />awarded, the proceeds for thu taking, and for the cmrsiderahou for such acqursuiorr to the extent of the tu0 amount of the rernanung unpartl indebted
<br />Hess Seturett try tins rnorlgage, be, and they hereby are, assigned Io Commercial and shall be paid forthwith fo Commercial to t>z app!red on account of
<br />the last mabanng installments of such indebtedness.
<br />Dated tlris _ „_' Lti__-_._ day of __.€~~~__.__- , t9? `? , .
<br />7 7
<br />iN T}I R+ISENCE OF' _. _ ~-_~~-_._~~,.<..:,,":a~'~ _
<br />;1 1~~ _ ------
<br />STATE OF NEBRASKA
<br />OOttNTV 0~ }loll ss.
<br />' On dtis _._ 17th .___..... day of _ September , - - -_ 19 79 y t.~u6be rn and for said Count . prersanall ~ came
<br />.._. before me, a notar y y
<br />iheabove•named Leta R. Bison, a single person e1
<br />to me well known to 6e the idenficai person or persons whale name is or names are affixed to the above nrcrtgage as grantor dr granfas and they, h
<br />or she, love id..ips the execution thereof, to be their voluntary got and deed- ~J/
<br />t!Nt~lf^11uadMmM ,/1
<br />NliTNESS . ~ ha r N¢ ~' tae±a~vearitter.. ~' /f~i
<br />yr rqr °ubhC
<br />My cgnnnission expires on the ._-_~~ -_ day of ,- .. _4~a1/JT_,___, , 19_~~ M 50
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