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8~~£~[i-~~' i ~~ ExaANDAaLE MORTrsAfiE
<br />Assignment of Rents
<br />Loan N0. 54203-8
<br />KNON ALL MEN BY TY,ES'c PRESENTS: That whereas Buck's Hoving and Storage, Znc „ a
<br />corporation
<br />(hereinafter called the Mortgagors) by their note of even date herewith are in-
<br />debted in the sum of sorty Nine thousand five Honored and No/100----------($49 500.00}
<br />Dollars, together with interest as provided in said note, do hereby grant, bargain
<br />sell and convey unto COMMERCIAL FEDERAL SAVI;i65 AND LOAN ASSOCIATION of Omaha,
<br />Alebraska, (hereinafter called "Commercial"), its successors and assigns, the
<br />following described real estate, situated in the County of, Hail
<br />State of Nebrdskd, to wit: (See Exhibit A on back-side}
<br />Said Mortgagors hereby covenant with said Commercial, it successors and
<br />assigns, that Mor*_gagors are lawfully seized of said premises, that they are
<br />free from encumbrances, and that they will forever warrant and defend the title
<br />to said premises against the lawful claims of all persons whomsoever.
<br />Provided, nevertheless, these presents are upon the following conditions:
<br />That whereas the said Mortgagors as members of Commercial have this date
<br />executed a note evidencing such loan and agreeing to repay said sum of money,
<br />with interest, in payments as set forth in said note and have agreed to abide
<br />by the terms of said note and Charter and By-Laws of Commercial.
<br />That whereas this mortgage shall secure any additional advances, with in-
<br />terest, which may, at the option of Commercial, be made by Commercial to the
<br />undersigned Morteagors or their successors in title for any purpose, at any time
<br />before the release and cancellation of this mortgage, but PROVIDED, HOWEVEP., at
<br />no time shall the aggregate principal amount secured by this mortgaa.e, being
<br />the amount due at any time on said original note and any additional advances
<br />made, exceed an amount equal to iIO percent of the amount of the original note,
<br />but in no event shall said note exceed the maximum amount permitted by law, and
<br />PROVIDED, HOWEVER, that nothing herein contained shall be considered as limit-
<br />ing the amount that shall be secured hereby when advanced to protect the security
<br />or in accordance with covenants contained in the morteage.
<br />Mortgagor hereby agrees not to sell, assign, convey or morteage the ieaal
<br />equitable title or boih legal and equitable *_itie to all or any portion of saiC
<br />premises without the written Consent or Commercial.
<br />And whereas the said Mortgagors have executed a Building loan Acreement
<br />providing for the construction of certain improvements on the premises hereir,
<br />mortgaged and the consideration for this Mortgage and Note is the present and
<br />future advancement of funds to the Mortgagors in accordance with such auildinc
<br />loan Agreement.
<br />Now, if the said Mortgagors shalt pay or cause to be paid the said sums
<br />of money when due, as set forth in said note, and any other note for additional
<br />advances made until said debt is fully paid with interest, then these presents
<br />shall be void;otherwise> to be and remain in full force and effect; but if de-
<br />fault should be made:
<br />(a} in any of the payments due on said note, and any other note for addition-
<br />al advances made, as therein agreed to be made for one month, or
<br />ttr} In keeping the improvements en said premises insured acainst loss by
<br />reason of fire, lightning, and other hazards included in extended cover-
<br />age insurance in an amount not less than the unpaid a'.ance of ;aid
<br />mortgage loan, in a company or companies acceptable to Commercial, the
<br />original of such policy or policies to be held by Commercial, and witn a
<br />mortgage clause attached to said aolicy or policies, in favor of
<br />Commercial; or
<br />(c) In *_he payment of taxes and assessments levied upon said premises, or on
<br />this mortgage, before they are delinquent: or
<br />(d} Yn making payments as required by the note tc anticipate *_he paymen*_ ~'
<br />such taxes, assessments and insurance; or
<br />(e) 3y `9ortgagor seiiino, assiar,ing, tor.veying nr mcr-:aain t:ne 'ee:' ar
<br />equitable title or both iecai and eautaDie ai~ or env ~cr:i:
<br />of ~w,.. premises n~uhou. .°rt .,, „_", _~,zer. -. _,~V`+c. ;ay€_, ,
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