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<br />d551G~;WEhf~T pP REh1T5 Lc+a~„'~%......----..____-_-__...
<br />KNOS'~ ALL hfl'EN BY TNE.SE PRESENTS: That Par"+or.i.A, }'. .3Ea~:kir1~.~ -~rrLL :fac~n,~ r. E.~k.~ s.ia, ~,..,;~r:~ rd ~.:f> .
<br />{hererroafter called the tJ4orkgagorsl un ~urr~il,eratoru o the sutra ci
<br />Fort,Y'-Se~rsn t:hc,us~and two hundruvarl and P3,t~"tyi~ ctr-,r~l.7L~arr„~r ae,~ :'a~,4'y,,`J:1i__.,.____.~#j~'flassf8'tl~"''rt'y, sr.s,~0'~~v )
<br />loaned to Mortgagors, do hereby grant, bargain, sell and convey unto COMMERCIAL EEDERAE SAVINGS AND LOAN ASSOCIATION of Omaha,
<br />Nebraska, (hereinafter called "Commercial"), its successors and assigns, the following described real estate, situated in the Covrhy of,
<br />State of Nebraska, to-wit:
<br />---pct Tt~rc (2} in Clausen Subdivision, being a part of the yfest Half (bi 1J2) of the
<br />Sauthhest Quarter (St: 1/4} of Section Two (2) Tewnshic Elever. ill) 1,'crth, range Ten (10)
<br />{t'est ,,: the 6t:: r...., in mall County, i`7ebraska.---
<br />TO HAVE ANG TO HOLD THE SAME, with the appurtenances thereunto belonging. unto Commercial, its successors and assigns. forever.
<br />Said tdortgagars hereby covenant with said Commercial, its successors and assigns, that P,4ortgagors are !awfully seized of said premises, that
<br />They are free from encumbrances, and that they will forever ,variant and defend the title to said premises against the lawful claims of ail persons
<br />whomsoever.
<br />Provided, nevertheless, these presenfs are upon the following conditions:
<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, vrith interest, in payments as set forth in said note and have agreed iv abide by the terms of said note and Charter and 3yLaws of
<br />Commercial.
<br />That whereas this mortgage shzli secure any additonal advances. with interest. wh+ch may, at the option of Commercial. 6e made by Com
<br />menial to the undersigned Mortgagors or their successors in title for any purpose. at any time before the release and cancellation of tn+s mortgage,
<br />Iwt Pn"OVlDED. HOWEVER, at no time shall the zggregate pnncipai amount secured by this mortgage, being the amount due at any time on said
<br />original note and any additional advances made. exceed an amount equal to 110 percent of the amount of the original note, but in no event she!`
<br />Bard note exceed the maximum amount permitted by law, and PROVIDED. HOWEVER, that nothing herein conW+ned shall be considered as limiting
<br />the amount that shall be secured hereby when advanced to protect the security or in accordance with covenants contained in the mortgage.
<br />Now, +f the ~!•:i `,4ortgagor, shall pay or cause to be paid the said sums of money when due. as set forth in said note, and any other note for
<br />additional advances made until said debt ~s lolly paid with interest, then then? presents shall be void; cthereise, to be and remain in full force and
<br />effect; but it default should he made:
<br />;ai in any of the payments due on said note, and any other note for additional advances made, as therein agreed to be made for three months, or
<br />b) to keeping the improvements on said premises insured against lass by reason of fire, lightning, and other hazards included in extended
<br />coverage insurance m an amount net loss than tfie unpaid balance of said mortgage loan, in a company cr companies acceptable to Com-
<br />menial. the original of such policy or policies to 6e held by Commercial, and with a mortgage Navse attached to said policy or policies,
<br />in favor of Commercial; or
<br />.cj In the payment of taxes and assessments lev!ed upon said premises, ar on this mortgage, before they are delinquent; or
<br />(dl If there is any change in the ownership of the real estate mortgaged herein, by sale, either outright or by land contract, or by assignment of
<br />any interest thereon or otherwise;
<br />then, in any of the above set-forth events, the whole indebtedness hereby secured shall, at the option of Commercial, immediately become doe and
<br />payable without further notice; and the amount due under said note and any other note for 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 note, and
<br />any other note for additional advances, together with all sums paid by Commercial for insurance. taxes, assessments and abstract extension charges.
<br />with interest 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 said note and this mortgage and any other note for ad-
<br />ditional advances made exceed the maximum lawful interest rate.
<br />PROVIDED, further, chat in the event that deWuif occurs in the making of the payments due on said note, and on any other note for additional
<br />advances, as !heroin agreed to ~ made, or in keeping Cte premises insured, as above provided, ar if default be made in the payment of tf;e taxes
<br />or assessments levied upon the premises above described or upon this mortgage, before they are my law delinquent, Commercial shah be entitled
<br />to the immediate possession of the premises above described, together with all rents, proceeds and issues arising out of the premises, and.rwv
<br />in its d+scretiUn use the rents so far as it deems necessary far the purpose of making repairs upon the premises anG for the payment of insurance
<br />premiums taxes and assessments :ruon such premises, and for necessary expenses incurred in renting said premises and coC(ecting ra;:; th=fir;-, aad
<br />to apply same en sa+d note and any notes evidencing future advances herepnder until the intlebtednoss secured is fully paid: and for such purposes,
<br />Ghe undersigned does hereby sell, assign, set over and transfer unto Comr,,ereial ati cf said rents, Proceeds and incmnes including any land eonirar.t
<br />payrsan[s drier mortgag€ owners or a;ry athr:r incomes of a^y type whatsc+uve; from said property to be appii~# on the Hulas z~w'e-tlescrtrad Lot sail,
<br />Commercial shall in no case be liable for the failure to procure tenants, to collect rents, or to prosecute actions to recover possession of said premises.
<br />The Mortgagors further appoint Commercial of Omaha, Nebraska; their attorney in fact, giving said attorney power +rrevocabiy, Piffier on its own
<br />name or Mortgagors' names to take all necessary steps for proceedings in court er otherwise, to cause sa+d premises tc be vacated, to collect rentals
<br />or other incomes due, and when vacant. to relet the same, tc make alt reasonable repairs and pay taxes out of said rents, profits, contract payments or
<br />incomes and to do alt such things either by its own officers or by ocher parties duly authanzetl and appointed by it, as its agent far sold purpose, and
<br />to charge or pay a reasonable fee for such services, alt of the atwve to be done at such times and in such manner and ar such terms as to their said
<br />attorney may seam hest, wrlh full pcwor of substitution.
<br />The Mortgagors hereby agree that +i Commercial either voluntarily or +nvoluntanly bocomes or is made a party to any sod nr proceeding reiating
<br />to the hereinbefore described real estate, or to this mortgage or said note or notes, ether than a foreclosure instituted by Gommeraat, Mortgagors wilt
<br />reinrN;rse Commercial for art reasonable costs incurred by Commercial in surd su+i or proceeding. Tho Mortgagors further agree Hrat it trio herarnt>efore
<br />described real estate or any part thereof ee condemned under the power of ennnent domain, or rs otherwise acquired for a public use. the damages
<br />awarded, the proceeds Ior tho taking, and fur the consideration for such acqu+siborr to the extent of the full amount of the remaining unpaid mdehtetl-
<br />Hess securod b'i this mmurtgage, be, and they hereby era, assigned to Commorciai and shall be pa+d forthwith to Commercial to be applied on account of
<br />khe last mahuing installments of such indebtedness.
<br />Datedthis_ .~5t1% _._.dayof September _____, 19 '?._. r,, 7 J f- , ,
<br />IN THE PRESENCE ~'o~,",. ~~ _'rl -'~'">`" l `-fL 'r`~~~ '~[~.
<br />j {golf _.--_~-- .!~' ~ ~. __~,~,~ ~_~..._ -
<br />--- ~ ~ -'+~ zus9j P*zd :'. [.~lF L11~'.
<br />Naomi A t[akkila
<br />STATE OF NEBRASKA
<br />COUNTY OF fi.=L=~ ss. _
<br />On this __25th __ ___tlay of __ September__ 19?g _ ,before me. a notary public in and for said County, personally came
<br />the ahove~named
<br />Raymond F Hakkila and Naomi A, Hakkila
<br />to me well known to fro the identical person or persons whose name is or-names are affixed to the above mortgage as grantor or grantors and they, he
<br />or she severally ack nwte o t humenY and the execction t!;ereaf, to he their voluntary act and deod.
<br />W"iNE m nan~aire +r~rra~rrdi ~ -and year last above written. ~°`~/~~ ~ ,j /~~
<br />G S f~ Nnta:e Pubhe
<br />My commissio:~ expires on. tho_.._.~~_.._day of ~,_,~~'~'-~'~"_._____.. 19!~~. M14-50
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