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<br />79-- ~t~6592 )":XPANDABLE MORTCxA~'rE
<br />ASSIGNMENT OF RENTS t_aan Na. ~:. 41 "~-x"
<br />KNOW ALL A7EN 8Y THESE PRESENTS: That 1~Gn3ld ~`. Breckner and Debra K. breckrer, husrraad and ;rife.
<br />(hereinqafter called the Mortgagors) in conside(ation of the surt( of
<br />Twenty eight thousand fear hundred dollars and tie/i00------------~Oollars(S'"'?3,4CC.06~~r~
<br />maned tc Mortgagors, do hereby grant, bargain, soli and convey unto COMMERCIAL FEDEP.AL SAVINGS AND LOAN ASSOCIATION of Omaha,
<br />Nebraska, (hereinafter called "Commercial"), its successors and assigns, the following described real estate, situated in the County et,
<br />State df Nebraska, to-wit:
<br />---lot One (i), Block Two {2) in "_,.~.~_`'s Second ..ddition tc the City cf Grand Is:~ar3
<br />Tlall ~c~anty, :oe_hrasb:a.---
<br />TO HAVE ANO TO HOLC THE SA"dE, with the appurtenances therzunto heiongirg. unto Commercial. its suctesscrs and assig,~s. fareaer.
<br />Said Morigagars kereby covenant with said Cemmertia!. its suctesson and assigns. that Alortgagors arz lawfully szizzd of said premises, that
<br />tl;ey are free Iran: zncumbrartes, and that they will fdre:ti'r warrant and defend thz title to said premises aga,nsi the Iawtui claims of aU arsons
<br />w~drS:5a2Vei,
<br />Prdvtded. n2V2rUeIP.SS, t'rese pre5en25 are Upon the fdi!DWmg Gand.tlonS:
<br />That whereas the said Atortgagars as members ;-f Conmerc,ai na•ae this sate executed a note ev;denciag such iaan and aFeeing to repay sa o
<br />sure of menzy, with interesi, in paymzrt; as set farfir ,n said note and have agrees to abide by the tar~~~s of said Hole and Charter and 9y-Cans of
<br />Ca-mnertiat_
<br />Tha# whereas this mortgage shall securz aay add,tw~ai advantz;. with interest. which ,;ay, at the aphen of Ccmmertial. he nacre by Ca^-
<br />merr_ial tc the dndersigied Mdrtgagars or their sutcessa;s in tine fc any purpose. ai any tine hzfere thz iz;easz and tantellati^n of this mortgage.
<br />ddt PROV10E0. iiOWEVER, at nc tune shall the aggregate arinc,pai arsount secured tay this mortgage. being the andunt tlut at any umz on sa;d
<br />original Hole and any additional advances made. zxtezd an a.cunt eauai to ilt""~ pertznt of the amount cl hz origtra! natz. tiat ,n na event shall
<br />said note exceed the maximum a:,eunf aermfttzd bi' law. ? ad rROUIL!E0. HOG'EVER. 'tat noth;ng hzreia tcntamed snail ze tnns~dared as I,^;±ing
<br />the a~3,+nt that shah ~ sr..ured heretry When advant~ to protzct the sacu,,Ry or ,n accordanez w,Lh cav~iants toata,nea rn thz rartgage.
<br />Now, sf the sand ';w,ia-?gors siraii ;ay a, cause L tY ~a:* L 2 said sins of ^onzy when. due as sz'; forth ,r. sa ~ ~.tc'. and a,^.y tthzi note `cr
<br />aRia3avi at~rt~~ n=:...:sr [mil: saiv tied :5 tti'n' ;atii w', u~ ifliei'r>i. en ur'eSz piYS2n t3 Snai; ue YJi B; CmCiN Se. iJ `R~ a-^,d r2,;.aitt =P ^J'( IilrtE a^v
<br />?!test Ivt if default should be mad?:
<br />[a! to any of +~~ payments due on said note. and a~,y ether ratz for add,tronal aevances madz, as fherem agreed to ~ Wade fo' three manths. ar
<br />(b+ in keeping the imprdvements an said premises insured agasnst oss by realer, of fire, lightn.ng. and otR2rira<a.ds !ntuded .r. extended
<br />;~ve2g2 insdranca in an am~:nt not less than the unpa,d balance at said mortgage loan, m a company cr cdmpan+es atcepfablz to Ca~-
<br />t?Kr~ ai. Ce angina! of lath t<;iicy e: po:c,es fo ~ hzd b}• Com'aeraa:. and with a malgage clause attactr2d to said a?icy .ar po!inzs.
<br />S^ hwrr of Gotmnertiaf; tr
<br />t: ti i:re tsaya+eat of rates and ass=_y^.izr;s Teri .d upx: sa;d p:zr..iszs. ar en i*,is r.,ortgage, befaz thz; are ~;,nGuenY: a
<br />ids if ftrere is any charge ;n Uaa awna~ship of the real Mate „engaged hzreia, by sale. erihzr out.t~t o; by land tdnt,act, or by assignment o€
<br />env 1nILaESt wereor! nr ati~tisisa:
<br />#:Se:,. is airy d€ tae atx;ve set fare =vents. the .,;pie rndebfadr,2ss ire->bv secure: s;±a! I. at ire outrun cf Cummart:ai, immediately i,rcorrs 3~ae and
<br />«Ys'ab}e vtitt~;t furtlret notate. and nz ~:mt duz aver said note and any ether Hate for additianat advances mace shall, from the daY of the exercise
<br />of sa:d dy'=tzx,. hear rn~rzst at ~ mar°:c~. '2gal'atz per annum and this r: ortgage ray then be ror2t?o5ad to sans`. thz a-oust duz ~ said Hate. and
<br />wry tt!±ef 2aGi2 =ar ad€fi*[seai adrantas tagz3rer w•th. ail s;;m5 paid by Commercial for ,n5urante ;azzs asszssmanis and abstract ecimsioa char;es,
<br />wifn :aterest ~reAr; i>wn 3riz sate at pay,^~„ a'i the ri~-x,mun egai rat'.
<br />?F.nV?iaED ~,at .n nra event. 2,~r ~fae ;,; act>, defau't shall tfrz interest ~.: under said note and mss matgag2 and an} a*her natz for ad-
<br />diu:~ta! adi3.:c2'> r+Ya:i2' aic£~'',n2 t^ax'.x1:rr :3w1:nte;esf rate.
<br />F'iN'Y"IYED. tv`cr:- rat ,- the ::tea: "ia, t a_.~ ~ >` ^i2 "a.i,'g t.f the ~---~n;s Cae ~~ ~.,: me ~. a^ any ;then natz far addriit'!ai
<br />ad;~ar!tes .:> in2?,r. age ?_ ~ cede ,~ ktr, nS thz a eir.sas :,rs„red a5 ahav° prp,:d~ _ ,...a?. ~ .. adz '.n the ,ay?eat of the rases
<br />3r aS5e51."et.ifi i2s,ed span ]'k ;Se"' S... ch'.~v2 ~r~t?NYC ' ,.p;. ;^:> rorfg=,.ge betote t'12u dr2 'Tv 3# d2-'~7uv t,. , ~,m?:{;d! S'h3-i !k' EnbtlEd
<br />iD ?+M tir,?!?,:,'•13f2 :k~,..Sz'SSs~7 - rka 3'e,;.'S?5 aJul4-a,°5:,,:3? tag2ihe; q~~, ail itli t; r'Jtei'd5 ', SSU2S ai .S~r,S ' i''.e pr_M.ii525, aRd I'aV
<br />~ "TS fS°Tf7~ ale ~ :2nt5 ~~ +a. a5 •1 T[Ef"5 02.:255?'ti '.' t+1e iluip^uS2 Di F3i.3, g ~p37 r; ;lp~- ii, wPn. SES an4 •~: tiB `.}ayf'rd11i dl InSliraflCp
<br />p;~riiL><zs, nixes aru7 asszss:•~ts upan Butt, pram,ses, and for necessary exp~szs ins red :n reat;ng'said pry-„ses a d taltzctrrg ten; therefron. aid
<br />t0 a~:fy 5am2 ar! saki rte aid ary s;teS exn{u3'.: ng `a~r2 a~:ant2s herzar;d2r ulTii ~e :nxhtedaess 52c~r2r ~S f~!y paid: 3rh1 for S;:tii pr:r;xase5,
<br />be :mfbrs:gned does txeby stiff a;srgE^. szt ,v4 a~fe tr;r,,sier a ,,, Cane .,, . - s_,d rens- ;.rs=22as a,d ~a:.2s int+::d~ng ~'.y lain ttYsiratt
<br />Oayaaents due mo+tgag2 axaters d' any ,th2r :tm^ s t y tyv2 ~wnat5xve r a said Cr~~a'} r pz a p ~ a' the notes ahaw-descr;lxe; but said
<br />--'..mnmexcra3shatl in m case be isab2 rr ~ ra ;u._ 't a , t:,'2 tW^.ants to tc :.~t r~i[s. ,, t. p,~seGU,, a~t,,,ns to r2tov2i pdssessioa df lard premises.
<br />T;he t~~gc>'s idrther ap~.st C.~nr.~tiat of am~a. Yesaxa, meu atr.,m~~ ,n fac+- g~, mag leis att~ney :»w2r urawcaefy, erth2r on ,is cwrn
<br />tie au ilx~tgagars' mares io tak=. all rretessary ste..Vs tr pr,teed,a5~ ~n c:wrt nr auierwtse- ;o talis2 Said pre-, sal *, tie ti`atated, to tdllett ren tall
<br />m oar ancanes dui, and akren wxant. to r2iet the >a;ne ~ sake a'; raasa,~.ciz :c~arss eat nay taxes ;u; a? 53,a rests. p;o?its, cartr?ti aaym2uts or
<br />in~taes acre m do ai3 ~~ fh,ngs either tsy iG own n t tr•s a to She pa yes chit a~r~ i ee and a ad by , as .;s agent fie said purr,cse, and
<br />to ctrerge ar;,ay a r2asmrabte tee iar suaah serwtes. ~., of t~z _*w.e ..: iK d~!z at u. "F - -.zs acrd 5. h .:annei a.d r>•n such te,m5 as to then said
<br />sttcurxy ~v ~ best. w!th b;a t,nwer a+su;asi;;~>.,:na
<br />T~ ~8a's berguy agrez flat Cam-r~r_ a to c~ r t3 w ,v m: , ^x ~ s d ,K v t a v til or pr,teed,ng relating
<br />~ ~ ~.*~ i~7 jai ~~m „ d: .s,.~. ; s,+,. ~: .: .t„~ ~thZ _a , .. _ ,~ ,t~. ,,.., ertgab~,rs wi;3
<br />ttti>ritsuese CeartmerGat tar a+t reasonab#2 cn~°~ :rte ;ed ~ :,n:.,,. ~ a ., sal s:n*.., prxee,. .;• ti~ ,agcrs .,th.. eK ~.~Ihat ,f the hrr2mbefor2
<br />tl~rrl~I reel date ar arsy ;a:i t4ereof 3 torra~anet uar th= p:,wr, ai ~ r,2. - ma,r- .s c rrw;s= a-_ifuired im a p'iort use. the dare s
<br />awarded the gmteeds for ffi+e faxing and tar tits t;rrsrderat+a^: ter sutn acYU,s,ii3;r'+,^ "ie extent of tnz t., i a^:ount , the rzrain,ng unpaid indet;ted-
<br />NlSS seclrred iq th;s mortgage. bc. acrd ttr2y ?raic~y are. assignct !t~ Camdert,ai ern: Sera? to pzid fdr±gwatr ?; Ca-ii.-2r~tiai fd tx 2ppl?ed an account of
<br />ftre fast trsltnrntg ms~t?meats at s;:;~ ,o-det*ss_ _ _
<br />~ THE PRESEbCf tai. tJ ~~y!~t` .~ °-7~. ,.- ' ~'~'C; sur
<br />~~~~~~ • ".6~:ai~ _ rieC":P.2P
<br />lIC-~ /~
<br />,STATE DF WESRASiEA
<br />C{SURTY t3F =ALL ~ -- ---
<br />Us taus _ fit? any at .~ ~~~ __ , 1S ? ~ xtarz :nz. a notary public rn and far said County. personally came
<br />tka above-naznetl
<br />Ronald D. yrec?r.aer a_nc u~eDra E<.. ?-eckner, :_~.banc and v.i:e.
<br />b ~ %relt krfarrn b to ffie irlen5rat pers~ dr ixssnns xhose ~am_ is or as=.,es arz atf,=ec to- Ma ab ;~z morgage as granter ;r granters ana they, he
<br />or she, saveratty~ ~ hre said ±nsirumrari arrd the exstvtsdn t"eratf, t x ;neu .o:unarv ad and dezd. ; ~
<br />.~..., -
<br />~ '~ ,~/
<br />Jfl. r~~ I ~ nay atM pear last air nriiten. f- ~ ~f ~ '~ ~-°
<br />/'/ ?iatary PLtIIC
<br />~}' tGmmlSS:dn a%plles 6n tfle ~~ day i1t ~=_-___ __ ly ~! t,{. Sil
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