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<br /> MORTGAGE
<br /> � . MORTGAGE LOAN NO. L 22.992 �
<br /> KNOW ALL MEN BY THESE PRESENT'S:That CeCI 1 R. Reams and Darl ene D. Reams, each 1 n 11'1 S and
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<br /> her own right and as spouse of each other
<br /> ___Mortgagor,whether one or more_in considera[fon of the sum of •�
<br /> o Twenty Five Thousand and No/100----------------- --------
<br /> --DOLLARS
<br /> loan�d to said mortgagor by The Equitable Building and C.oan Association of G�and Island,Nebraska,Mortgagee,upon 250 shares of stock of
<br /> said ASSOCIA7'ION,Cert�cate No.L 22,992 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the followuig
<br /> described real estate,situated in Hall County,Nebraska: . �
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<br /> LOT TEN (10) IN ROSS HEIGHTS SUBDIVISION,
<br /> HALL COUNTY, NEBRASKA,
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<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,inciuding attached floor coverings,aU window screens, -
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories themto,pumps,stoves, � � �
<br /> � refrigerators,and other fixtures and equipment now or hereafter attached to or used in wnnection with said real estatm �� "
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and asseuments levied or �
<br /> assessed upon said premises and upon this mor[gage and the bond secur£d there¢y b gforc the same shall become delinquent;to Curnish epproved �
<br /> insurance upon the buildings on said premises situated in the sum of$ L�J���0.�U payable to said ASSOCIATION and ro deliver to said �-
<br /> ASSOCIATION the policies for said insurance:and not to commit or permit aay waste on or about said premises;
<br /> � In case of defaWt in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shatl,
<br /> � on demand,be entitled to immediate posseuion of the mortgaged premises and the mortgagor hereby assigns, [ransfers and sets over to the
<br /> . mortgagee all the rmu,revenues and income ro be derived from the mortgaged premius during such time as the mortgage indebtedness shall remain
<br /> - unpaid;and Ihe mortgagee shal]have the power to appoint any agent or agents it may desire for the purpose of repairing said premixs and renting � .
<br /> ; the same and collecting the rents,revenues and income,and it may pay out of said income a(1 expenses of repairing said premises and necessary �
<br /> ' � commissions and expenses incurred in�renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to be
<br /> f . applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the exisiena of such ��
<br /> � default,inespective of any temporary waiver of the sama . � -
<br /> �� � � These Preunts,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or beforo the maturity of said shares by � -
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in the Bond ucured hereby as interest and principal on said loan,on or before �
<br /> ��, the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and asseuments levied against said premius and on this Mortgage - � � �
<br /> 1 �� �� and the Bond xcured thereby,before delinqurncy-fumish approved insurance upon the buildings thueon in the sum of S 25����.0� payable �
<br /> to said ASSOCIATION;repay to said ASSOCIAT[ON upon demand all money by it paid for such taxes,assessments and insurance with interest a[ �
<br /> the maximum legal rate thereon from date of payment all of which Martgagor hereby agrees to pay:permit no waste on said premius•keep and comply �-
<br /> � with all the agreemrnts and conditions of the Bond for 5 Zrj,���.�0 this day given by the said Mortgagor to said ASSOCIATION,and comply . :
<br /> { with al1 the rcquircmmts of the Constitution and ByLaws of said ASSOCIATION;then theu prexnts shall become null and wid,otherwise they � ..
<br /> s shall remain in full force and may be foreclosed at the option of the said ASSOCIA'CION aher failure for three months to make any of said . �
<br /> paymmts or be thrce months in azrean in making said monthly payments,or to keep and comply with the agreemmts and conditions of said Bond; � � �
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. � � � .
<br /> .;i If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedneu hereby� �
<br /> secured s6all,a[the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without �
<br /> ��t' . further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the � �
<br /> ' � dste of exercise of said option,bear intere:t at the maximum legat rate,and this mortgage may thrn be foreclosed to satisfy the amount due on said � � � �
<br /> �-,i : bond,and any o[her bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Gcand Island, � � �
<br /> "�;�3 , �� Nebraska�for Insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum � � � �
<br /> .�:� Iegal nte.. � ..
<br /> :� ' As provided In ffie Bond xcured hereby,while this mortgege remains in effect the mortgagee may hereafter advance additional sums to the
<br /> ��;# . . ��makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally � � �
<br /> L..S secured�thereby,the totai amount of principal debt not to exceed at any time[he original amount of this mortgaga . �
<br /> j � Dated t ' t. day of January A.D.,1978
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<br /> i ert ;V t.
<br /> � .C.ls��. Reams �
<br /> �//L'. �.��..- i!'- _ -
<br /> Darlene D. Reams'� � .
<br /> `� STACOi1NTY OF HAI,L��� On thLs 3�S t. day of J an u a ry 19 �$ ,before me, K_ „� �
<br /> '� � the undersigned,a Notary Public in and for said County,personally came � �� '-
<br /> Cecil R. Reams and Darlene D. Reams, each in his and her own ri ht dnd as s ouse o Each , r;,;� �
<br /> `� Otf'IC'P �. �� .� . . � . 9 who areP P�rw�yknownto � ,
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<br /> me sove che;a�ne�ca�perso P� Lwb�A are �ixed to the above instrument az mort or and �:
<br /> j �. E , 8a6 s they uverally �
<br /> ; acknowledged the aaid in q�cy� ��'}�^..� wluntary act and deed. � " ��
<br /> ; � k r l�an�.?qd N P��aC?Seal e date aforesaid. �."o.
<br /> Mr c `aF�� '' "' /9�� j
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<br /> a �� � ai.sit at . � (� �/, :. f � � �,�`'';� Notary Publlc .
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