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`~~ '~". E X P A 1`v'` D 1' B L E~~ B. ~'' ~~ ~,. G E s o>• as-~
<br />ASSiNMENT OF RENTS -~ "
<br />KNGW At_i Ft?EN BY TtIESf PRESENTS: Thai Bob Stahla lSobile Home Service, Inc. a Nebraska Corporation,
<br />rh¢reiirraf#er ¢alied the Mortgagors} in consideration of tfs¢ sum of
<br />Sixty G9ne T"hotnsand E"iae Hundred and No/1Qt7--------=------------------ Dollars r3**61 SCG.Od**)
<br />loaned to Mortgagors: do hereby grant, bargain, sell and convey unto COtAMERCIAI FEDERAL SAVINGS AND LOAN ASSOCIfi~ION of Gmaha,
<br />Nebraska, (hereinafter called "Commercial"), its successors and assigns, the following described r¢ai estate, situated m the County of,
<br />HALL State of Nebraska, to-wit:
<br />---Lot Six (6) Homestead Second Subdivision, Grand Island, Pall County, Nebraskan--
<br />TO HAVE AND TO HOLD THE SAME, with the appurtenances thereunto beleng~ng. unto Cemmarial, its successors and assigns, iorever.
<br />Said "9oftgagors hereby covenant with said Commercial, ;ts successors and zss.gns, G7af Mortgagors are lawfully serzed of said premrses, that
<br />Ghey are fine from encumbrances, and that they Will forever warrant and defend th¢ title tc said premises against }J:e !ewfu! claims of all persons
<br />rahnmsoever.
<br />Provided. r~evertheless, these presents are unen the following conditions:
<br />ghat whereas the said Mortgagors as members of Commercial have this date executed a note evidencing such lean 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 B'1-Laws of
<br />Commercial.
<br />That vrhereas this mortgage shall secure any atldihonal advances, with !merest, which may, al the cptien of Commeraal, be 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. HOWEVER, at no time shall thz aggregate prinupal amount secured by this mortgage, being the amount due at any bins on said
<br />original note and any additional advances made, exceed an amount equal to l li) percent of the zmount of the orginal note. but in no event shalt
<br />said note exceed the maximum amount permitted 6y taw, and PROVIDED, HOWEVER, that nothing herein contained shall be considered as limiting
<br />the amount that shall he secured 'Hereby when advanced to protect the security or in accordance with covenants contained in the mortgage.
<br />Now, if the said ti",crtgagors shall pay or cause to be paid the said sums of money when due, as set forth in said note, and any other notz `Jr
<br />additional advances mare until said debt is fully paid with interest, then these presents shall he void: otherxis¢. to be and remain in full farce and
<br />effect: but if default sh::~!Id he made:
<br />tai 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 />tbi in keeping it!e improvements on said premises insured against loss by reason of fire. lightning, and ether hazards included in extended
<br />coverage insurance in an amount not less than the unpaid balance of said mortgage loan, in a company or compani¢s acceptable to Com-
<br />mercial, the original of such policy or policies tc be held by Commercial, and with a mortgage clause attached to Bard policy or po(ici¢s,
<br />iH favor of Cmnmercial; or
<br />~cj In the payment of taxes and assessments levied upon said premises, or on this mortgage, before tl!ey are delinquent:, er
<br />id; If there is any change in the ownership of the real estate mortgaged herein, by sale, either outright or by land contract, er by assignment of
<br />any interest thereon ur otherwise:
<br />Lhen: in any of the above 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 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 n!ay then be foreclosed to satisfy the amount due on said note, and
<br />2ny other note for addif!ona! advances, together with all sums paid by Commercial for !nsurance, taxes, assessments and abstract extension charges,
<br />with interest thereon from the date of payment at the maximum legal rate.
<br />PROVIDED that in. no event, either before or after default. shall the interest due under said nets and this mortgage and any other note for ad~
<br />ditionai advances made exceed the maximum lawful interest rate.
<br />PROVIDED, furttrer, that in the event that default occ!frs !n tt:e making of the payments du¢ on said Hate, and on any n(h¢r nnt¢ for additional
<br />advances, as therein agreed to be made, or in keeping the premises insured, as above provided. or if defaut± be made in the payment of the taxes
<br />or assessments towed upon Bre premises above described or upon this mortgage, before they are by taw delinquent, Co,+!mer:iai shun t>e entitled
<br />to the unm¢diate possession of u.¢ premises above d¢sart~tl. together With all rents, proceeds and issues ansrng out .Jf trio premises, and may
<br />iii !ts diSC.refiun use the ~eirfs ~: ~.,, as deems necessary ,,., "re purpose of ;making repairs open the premises a." :`or tf:=~ ;;ay^;~.. . ,.. ~.,.:.
<br />nre,~~it:.s. taxes and assassmont~aupen such premises, and !ar necessary ¢xn¢nsas incurr¢d in renting sold nremis¢s andVcc'i~Eing sent bhee`.,,aaa„
<br />"; apply sac^e en sz:d note anu any notes evidencing future advances tr¢ieund¢r unfit the indobtedriessseeured is'c1 y p~rd: anu ..such purposes,
<br />n~c uid¢i$i giied d r"4' °@il. f~ C°t ^.... a°d tranSier unto Cmm~ia Cial ail of giA ranfg, p „°°n~ and inrCr°c !nri~iviin; anu tanrt rnnlraCt
<br />lL~ymenis doe mortgaK"4JWnerS O7 ny Othef InCnmeS Pf aHY type WhatSOeVef from sold property to be app!ien on Ih¢ npte5 alxJVe deSCribed; mlt Said
<br />Cunimereiai shall m na cas¢ he liable for the failure to procure tenant;, to collect rents. or to pmseeute actions to recover pass¢ssrsn of said pr¢mis¢s.
<br />The Mortgagors further appoint Commercial of Omaha. Nebraska, (heir attorney in fact, giving said attnm¢y pnw¢r ir,¢vccaGly. ei;h¢r an its own
<br />name or Mcrtga,ors' names to tak¢ a!I necessary steps for proceedings in court or otherwise, to cause said premises to b¢ vacs±ed, to emlect rentals
<br />or other incones due, and when vacant. to relet the same, to make all reasonable repairs and pay taxes out of said reins, profits. contract payments or
<br />incomes and to do aL` such things ether fry its own officers or by other parties dely aulhcn~ed and appmnted by it. as its agent {er said pupos¢, and
<br />to charge or pay a reasonable fee far such services, all of the abcv¢ to be done a[ such times and in such manner and on such teens as to their said
<br />attorney may seem best with full power of sutrstihrticn.
<br />The Mortgagors hereby agree that it Ccmmerc!al dither voluntarily or involuntarily becomes or is made a party to any sua or proceeding relating
<br />to th¢ hore,nbeforn d¢saibed real estate, or to th!s mortgage m said note or rimes, other than a lorectesure!nshtuted by Crn.:m¢raai Mortgagors will
<br />r¢nntnirse Co!nnrercial for all !easonable costs incurred by Commercial in said swt er praeeed!ng. The Mortgagors further agree that r tt.e fiereinb¢inr¢
<br />descnt>zd seal estate nr any part thereol tit condemned under the power of eminent domain, ar is otherwise acquired for a pu6hc roe tier, aainages
<br />awarded, the proceeds ioi the taking, and for the consideration for such acgwsition to the extent of the full amount of the rcyna!mng unpain mtlebted~
<br />Hess secured by this mortgage. be, and they hereby are. assign¢d to Commercial and shall tie paid forthwith to Commercial (o be applied on account of
<br />the last matwmg inst h nest of such indebtedness. z
<br />Dated this _ .l -day et _~_tkcember _ 19 79 (an the c ai saa~. of;,1i) Stahla
<br />Mobile Home 5e ice, Inc. N aska Cai+poration.)~~
<br />IN T SENCE OF'. C l ~ y ~
<br />_ ~- ,~
<br />~ , ~ ~ k,
<br />c r •.
<br />STATE OF NEBRASKA `(~~'' "~~+ ~\. ,° "'~
<br />HALL ss. ---------------~+''~`~'~''~~~"lei` ;-~=~----
<br />CGUNTy OF -_;~ _.-~~'
<br />On this ___ ~..1 __ day of --_ DeS,~lfgbeT __- , t9 _?9.. before me, a notary pubhe in and for said County. personally came
<br />the above-named Robert E. Stahla, President of Hob Stahla Hobile Home Service, Inc. a Nebraska
<br />Corporation.
<br />to me well known to be the id¢nticai p¢rson or persons whose name is or names are affixed to the above mortgage as grantor or grantors and they. he
<br />or she, severally acknowledge the said instrument and the execution !hereof, to he their vnlumary ac± and dezd. as such officer and the
<br />~~~~ of said eorpob-ati,on, by him is his of°1cial caF,~cit • na
<br />ITirEi Se;l this day and y¢ar last above written. f e t$d•
<br />MpCarM-lita.Mu~.fR.t~t _ - _..--- --_.____
<br />%~!~~ ~/~.- Notary Public
<br />My commission expires on the _ CX __ day of ffN6_!/S?'_____, . 1~~.. hi 50
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