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<br /> MORTGAGG
<br /> MORTGAGH LOAN N0. L 2P, �9H
<br /> � KNOWALLMBNDYTIiESEPRESBNTS:That Russell A. H7dtt and Karen L. Niatt, 2dCf1 711 f11S and her
<br /> own right and as spouse of each other,
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> Twenty-seven Thousand and No/100------------------------------------------------- po�LA25
<br /> loaned to said murtgagur by Ths @quitabte Building and Luan Association of Crand Island,Nebraska,htortgagec,upon 27� shares of stuck of
<br /> said ASSOCIATION,Certificate No.L 22��98 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described reul estate,situated in Hall County,Nebraska:
<br /> LOT TNIRTEEN (13) VIRDEN SUBDIVISION IN
<br /> T11E CITY OF GRAND ISLAND, NALL COUNTY,
<br /> NEB RAS KA.
<br /> together with all the tenements,hereditaments and appurtenances theceunto belunging,including attached Ilour coverings,all window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories lhereto,pumps,stoves,
<br /> refrigerators,and other�xtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> And whercas the said mortgagor has agreed and does heceby agree tl�at lhe mor[gagor shull and will pay all taxes and assessments levied or
<br /> assessed upon said premises and upon this mortgage and the bond secured(here6y befure the tame shall become delinquent;to(urnish approved �
<br /> insurance upon the buildings on said premises situated in the sum o(S 27 000 � payable to said ASSOC[ATION and to deliver[o said
<br /> ASSOCIATION the policies for said insurance;and not to commit or permn 5ny was�e on or about said premiser,
<br /> In case of default in the performance of any o(the terms and conditions oC[his mortgage or the bond secuced hereby,the mor[gagce shutl,
<br /> on demand,be entitled to immediate posussion of thz mortgaged premises and the nwrtgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all die cenls,revenues and income to be derived from the mortgaged premises during such time ns Ihe mortgage inde6tedness shall remaui .
<br /> ��.. unpaid;and ihe mortgagee shall have the power to appoint any agent or agcnts it may desirc Fur the purpose of repairing said premises and renting
<br /> the same and collecting lhe rents,revenues and income,and i[may pay out of said incume all expenses of repairing said premises and necessary �
<br /> . commissions and expenu�inwrred in renting and menaging the same and of collecting rentals thecefrom;the bulance remaining,ff sny,to be
<br /> applied toward the Jischarge of said mortgage indebtedness:these rights of the mortgagee may be exercised at any time during the existence oC such
<br /> : de(ault,irrespective of any tempurary waiver of the same.
<br /> F '� These Prescnts,however,are upon the Condition,That if the said Afortgagor shall repay said loan on or befure the mutueity of said shares by
<br /> payment;p�y monthly to said ASSOCIATION of the sum specified in�he Bond secured hereby as interest and principal on said loan,on or befure
<br /> the Twentieth day of each and evcry monlh,until said luan is fully puid;puy all taxes anJ assessments levied egainst said premises and on this Mortgage
<br /> . and tLo Bond secured thereby,before delinyuency;fumish approved insurance upon the buildings thereon in the sum of S Z]����.�Q Paya6le
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demanJ all muney by it paid Cor:uch tnxes,assessments and insurance w�th interest at . �
<br /> ` � die maximum(egal rate thereun Gom Jate o(payment all uf which Afongagm hereby�grees to pay:permit no waste on said premises;keep and cumply
<br /> �� '. wilh all the agmements and conditions uf d�e Dond fur 5 2� �(�n (�(� this day given by the said Atortgagor tu said ASSOCIATION,and comply
<br /> ' with all the requicements o(the Constitution and By-Laws of said ASS6CIATION;then these pmsen[s shall becume null and void,otherv.�ise they
<br /> �� sl�all rem�in in full force and may be(oreclos�d at the optiun of the said ASSOCIATION a(ter failuce for three months tu make any of said
<br /> � payments or be three momhs in errear:in making mid monthly payments,or to keep and comply with the agreemente and cunditions of said Bund;
<br /> ,�;. � and Afortgagor ag�eex to have a receiver appointed forlhwith in such foreclosure pruccedings.
<br /> � � If there is any changc in uwnership of the real estate mo�tgaged herein,by sale or otherwise,tlien the entire remaining indebtednass hereby
<br /> - � secureJ shall,al lhe option of The Equiteble Building and Loan Association of Grund Isl:uid,Nebratl<a,become immediately Jue and pay�ble without
<br /> � further notice,and the amuunt remaining duc undcr said bond,and any uther bond for any additional ad�ances made thercunder,shall,(rom the
<br /> �. date of exerciu o(said option,bcar iNerest at the mnximum legai rate,and this mocigage may then be fureclosed to satisCy the amount due un said c
<br /> 6ond,and any other bonJ for additional advances,togelher with all sums paid by said The Gyuitable Building and Loan Associatiun of Grand[sl�nd,
<br /> k� Ne6raska Cor insurance,taxes and assessments,and abslracting extension charges.w•ith interest thereon,from date of payment at Ihe maximum
<br /> legal rate.
<br /> "� As provided in the Bond sr,curcd hereby,while it�is mortgage�emains in effect the mortgagre may hereafter advance additional swns to the
<br /> makers o(said Dond,their a:signs or successurs in intercst,which sums sh�ll be within t6e security of this mortgage the same as the funds uriginally
<br /> secured�hereby,the totaf amounl of principal debt not tu exceed al any time the original amount of this morlgage.
<br /> ����t„s 22nd a y ar June �. �.,�v 76
<br /> � ��z�, � ����' ��_,:��y/ = � ������� � -��� � �
<br /> Russell A. Hiatt K ren L. Hiatt �
<br /> STATE OF NEBRASKA,l u On lhis 22nd da of
<br /> COUN7'Y OF HALL 1 Y June I9 7( ,be(ore me, �
<br /> Russell A. Hiatt and Karen L. Hiatt, each 1f1�T7l���f��e��JotaryPublicinandforsaidCounty.perwnallycume , .,�°
<br /> . N'���::'.
<br /> OWtI right 8fld d5 SPOU52 of each other who are personallyknownto y .�.
<br /> i7C
<br /> m th�,k�erson S whou name s are afFxed to the above instrument as murtgagor S and they scverally ' �����
<br /> cltdti�(k�lgEVshS i cument to be thei r voluntary act and deed. (Q
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<br /> j� • r��TN• my hand anJ Notarial Seal thc date afo�esaid. fi;�
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