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t } ' 79~ ':~i~"~{r'' i~:i~ i~ ~ P A ~ IJr A B L ~. ~ ~C~ ',~G ~"'Ifr ~~.~ :~ 8222'2-~ A551C~tdEN'T £}F RE~~T"r ~ a.~,- i'o- _..,.,.-. i(NEC~Ifr ,ftt( !~Efi -311 tlltE^6tF.. E'RESEN'T5 That «lerryr R,. Godkin atsd Lavogrne S, i"~+r,~dki~tt, IKusbxrnd a ~~ ~s~,s . __ ihwr~i,n~~ftlier' cmgGe~d ttte RrtCrfgaugCtr"tl in: ~coms rerat:on ~? 3're srt't .:; ~!'~,~~tq rrwr.lgs thousa~t ~ ht!mt9xM#ed dollaxYs and 23op fiJtt-.._.,. ._,, _.... ,^st3ars 4'5+59 ~igMi~ ifSt3*~? '~'' Idanetf'r~ idcrtgagors. dd'her grairf, bargain, swf arui s~nvey uaft, C~fEf~`'AL FEDERAL aArihuS AND LOAN AaSOCfA'~;Oxf of ~rrraka. Nob asAa. (hereinafter atad ' ommerciaf' i, its suce~sss~rs ant assigns, the totiowtng Geseribed leaf estate, sduated in the County _~; Hsll State Lf Nebraska, to-wit: ---Lot Fourteen (i4} Freedos Aeres Subdivision, Nall Catmtq, Nebraska.--- TO NAVE AND TO HOLD THE SAME. with the appurtznances thereunto beiongmg, irate Cammereiat, .u successors ar,~ assigns, forever. Said f,'nrtgag„rs hzrzby covenant with said Commesna!. its suceess„rs and assi~s, that fa;rtgagrrs are !zwfulty seized of said premises, that they are free from e~acumbrances, and that they vrili fgrzver warrant and d=find L u Title iG said premises against the lawful claims of elf pars-3rs whomsoever. Prnvieed, nevzrheiess, these presents are upon the foiiewing conditions: That whereas the said tortgagors as memtters of Commerciaf have this date executed a note evidencing such loan and agreeing to repay sand sum of money. with interest, in payments as set forth in. said note and have agreed fa zbide try the terms of said note and Charter and EY-Laws of Commercial. That whereas this mortgage shall secure any additional advances, vr.th interest, which may, at the option of Commerciai, be made by Com- mercial to the !,undersigned Mortgagors or their successors in title for any purpose, at any bme before the release and cancellation o€ this mortgage, `r r± PROVIDED, HOWEVER, ai no time shall the aggregate principal amount secured by this mortgage, being the amount due at any time on said 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 shall said note exceed the ,?aximum amount permitted try taw, and PROVIDED, HOWEVER, that nothing herein contained shall be considered as limiting the zmaunt that shall bee secured hereby when advanced to prated the security os in accordance with covenants contained in the mortgage. Now, rf the said Mortgagors shall pay or cause to be paid the said sums of money whin due, as set forth in said note, and any other note fior additional advances made until said debt is fully paid with interest, 6hen these presents shaft he void; etherxise, to be artd remain in fait force and effect: but if default should be made: faj in any of the payments due on said note, and any other note for additional advances made, as (herein agreed to be mzde for three monCrs, or {b; In keeping th,e imprcvzme„ts o - d p;e,~~ises insert,; 'aKainit toss tw reason of fire. lightning, and effier hazards Included io ezterdsd coverage insurance in an amount not less than the unpaid balance of said mortgage loan, ;n a company or campanies acceptable ba Cam- merciai, the original of such policy or policies to be held try Commercial, and with a mortgage clause attached to said policy a .~,cl;ci?s, in favor of Commerciaf; or ici In the payment of faxes and assessments levied upon said premises, ar on this mortgage, before they are delinquent; or (d) If these is nay change m the ownership of the real estate mortgaged herein, by sale, either outright or try land contract, or try assignment of any interest thereon or otherwise: then, in any of the above set-forth events. the whole indebtedness hereby secured shall, at the option of Commerciaf, immediately trecome due and payable without further notice, and the amount due under said note and any other note for additional advances made shah, from the date of the exercise of said option, bear ;nteresf at the maximum legal rate per annum. and this maitgage may then tin foreclosed to satisfy the amount due on said note. and any other note for additional advances, #ogether with ail wins pard by Commercial tar insurance, axes, assessments and abstract exten<_rnn charges, with interest thereon from the date of payment at the maximum legal cafe. PROVIDED that in no event, either before or aftsr default, shalt *<he interest due undo said note and thrs mortgage and any other note for ad- ditions! advances made exceed the mazimum lawful interest rate. PROVIDED. i the , that to the even' that defau ~cu s n e ,g et the garments due on ,z~a n te, and on ony Mme ..^.ote r adCih;'~tal advances. as ihzraio agreed r- t~ made, nr rn !.eep-n, »,_ pry ~,_ :-.sur°d ., a~ve prcv.ded f ~efa,.lt be made in thz Karmen: of the thxts ar assessments levied ;:pon the premises above described Lt upon this mortgage, before they are vY~ law delinquent, Commercial shalt be er•.titted to the immediate possession of the prcriises above-described, together with alt rents, proceeds and issues arising out o€ the premises, and may ir: its d+sCretion use E+e rend so far as it deems nzcessanl tGU fns purpose cf making repairs open the premises and for the payment of inw;ance premiu;;,s. ;axis and assessments upon wen premises, and for necessan+ expenses incurred in rentno sand premises and cottectirg rent therefror~ ,and to apply samo :r, said n.=te and any ,:rtes evid~icing future advznces hereunder until the indebtedness secured is fully paid; and for such purposes. $e 4r ~ - yd d `: . _€sign ~+ ~rer a; ~ #~sfe; t,o":mesciat alt of said rents, rocLeds and rnta:res includfn any land contract -- -,- pyments d=.r_ mnrteagz .avers r any ;<if~r-in,.~es ^f any ~pe wfrasazver from szrd property fe ~ ap-plied cn the;,ates acave.described: izrt s,:d Commerciaf shah in no case be Iiabie for the failure to procure tenants. to collect rents, or to prosecute actions to recover possession of said premises. Tne Mortgagors further appoint Commerciaf of Omaha, Nebraska, their attorney in fact, giving said attorney power irrevocably, either on its own name or Mortgagors' names to take ail necessary steps for proceedings in court or otherwise, to cause said premises to be vacated. to collect rentals or other incomes due; and when vacant, to relet the same. to make all reasonable repairs and pay faxes out of said rents, profits, contract payments or incomes and to do all such things either b1' its own officers or by other parties duip authorized and appointed by it, as its agent for said purpose, and to charge or pay a reasonable fee for such services, ail of the atrore to be done at such times and in such manner and on such terms as to their said attorney may seem best. with full power of substitution. The Mortgagors hereby agree that if Commercial either voluntarily or involuntarily becomes or is made a party to any suitor proceeding rotating to the hereinbefore described real estate, or to Lnis mortgage or said note ar notes, other than a foreciosuse instituted by Commerciai, Mortgagors wilt reimburse Commerciaf for ail reasonable costs innurred M' Commerciai in said wit or prxeediag. The Mortgagors further agree that if the hereinbefore described rani estate or any part thereof be condemned under the power of eminent domain, or is otherwise acquired for a public use, the damagzs awarded, the proceeds for the taking, and far the consideration for such acquisition to the extent of the full amount of the ;emaming unpaid rndebted- ness seam by ibis mortgage, be, and they hereby are, assigned to Commerciaf and snztt be paid forthwith fo Commerciai to be applied ai accaunf of -the Izst maturing installments of such indebtedness. Dated this 21st ~daq o~ Novearber . t~1~. r; ~ IN THE PRESENCE Of: l'i u r } ~- f t`L-'~ !~ J try R. Godk ` , " ~~a, j ' STATE DF NEBRASKA Lavonne S. Godkin COiJNT1' OF HAi~L ss. On this . 21st _ day of November t9 ~~ before roe. a notary public in and for said County, personalty came the atone-named 3ezsy R. Godkin and Lavon~ S. Godkin, husband and wide. to me well knmrn to he the idantiwt parson or persons whose name is or names are affixed Yo the above mortgage as grantor ar grantors and they, he era the said inshument and the exeation thereof, to be their vatuntary act and deed ~'' t~~waf this day and year fast a~rv~€ written. `~ ~ ~ - j~ G k - Pfofary Public My co-missror, exc;ires cn fhz_ ~~ ~ day of 1"! ~ ~`-Si ;9=_'~ . !,s bi;