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<br /> 78--��0�07
<br /> MORTGAGE
<br /> � MORTGAGE LOAN NO. 23.00$
<br /> KNOWALLMENBYTHESEPRESENTS:That Gene A. Hughes and Sandra L. Hughes, each in his and �"
<br /> ; her own right and as spouse of each other,
<br /> ' � � Mortgagor,whether one or more,in consideration of the sum oF �
<br /> ' Sixty Two Thousand Nine Hundred and No/100-------------------------------------- mLLAxs
<br /> loaned to said moRgagor by The Equitable Bullding and Loan Association of Grand tsland,�Nebraska,Mortgagee,upon 629 sharea of stock of �
<br /> said ASSOCIATION,Certificate No. L 23 s��5 MGIG do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> desccibed real estate,situated in Hall County,Nebraska: .. '
<br /> LOT SEVEN (7), BLOCK THREE (3), JENKINSON
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<br /> � SUBDIVISION, HALL COUNTY, NEBRASKA.
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<br /> together with all the tenements,hercditaments and appurtenances thereuntu belonging, including attached itoor coverings,a0 window screens, �
<br /> window shades,blinds,storm windows,awnings,heating,air condit:oning,and plumbing and water equipment and accessories thereto,pumps,stoves.
<br /> refrigerators,and other fixturcs and equipment now or hereafter attached to or used in connection with said real estate. .
<br /> And whereas the said mortgagor has agreed and does hereby agrce that the mortgagor shall and will pay all taxes and assessmenU levied or . � �
<br /> s•�ssed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to fumish approved
<br /> insurance upon the build'xngs on said premises situated in the sum of$ E)P�9OO.OO payable to said ASSOCIATION and to deliver to said
<br /> � ASSOCIATION the polieies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, � ';
<br /> on demand, be entiUed to immediate posseuion of the mortgaged premises and the mortgagor hueby assigns, transfers and sets over to the .
<br /> .�:� mort�agee all the rents.revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall«main a�
<br /> .,{ unpaid;and the mortgagce shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income all expenxs oC repairing said premises and neassary � .
<br /> commissions and expenses inwrred in ren[ing and managing the same and of collecting rrntals thercCrom: the balance rcmaining, if any,to be � `'
<br /> � . applied toward the discharge of said mortgage indebtedness:these rights of the mortgagee may be exercised at any time during the acistence of such � e
<br /> .��j default,irrespective of any temporary waiver oC the same.
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<br /> These Presenu,however,are upon the Condition,That if the said Mortgagor shaA repay said loan on or befure the maturity of said shazes by
<br /> :��i � paymrnt:pay mon[hly to said ASSOC[ATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before . . �.�
<br /> the Twrntieth day of each and every month,until said loan is fully paid;pay all tazes and assessmrnts levied against snid premises and on this Mortgage . .
<br /> and the Bond secured thereby,beCore delinquency;furnish approved insurance upon the 6uildings thereon in the sum of 3 62 a 904•�� payable �
<br /> to said ASSOCIAT[ON;repay to said ASSOCIATiON upon demand all mu�ey by it paid for such taxes,assessmmts and insurance with interest at . �
<br /> ��i the maximum legel rate thereon from date of payment all of which Mortgagor hereby agrees to pay:permit no waste on said premixs;keep and comply � -� .
<br /> with all the agreemmts and conditions of the Bond for$(2�9�� �� this day given by the said Mortgagor to said ASSOCIATION,and wmply . � � � �
<br /> with all the requuements uf the Constitution and ByLaws of said ASSOCIATION; then these presen[s shall become null and void,otherwiae they ' . �
<br /> shall remain in futl force and may be foredosed at the option oC the said ASSOCIATION aCtm failure for three months to make any of said -. � . ��
<br /> `+ payments or be thrce months in arrears in making said monthly payments,or to keep and comply wieh the agreemeMs and conditions of said Bond; � .
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such Eorcclosure proceedings_ � �
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale or otherwix,thrn the entire remaining indebtedness hereby ��
<br /> xcurtd shall,at the option of The Equitable Building and Luan Association of Grand Islnnd,Nebraska,become immediatdy due and payable without . �
<br /> further notiee,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the .
<br /> ;� date of exercise of said option,bear interost at the maximum legal rate,xnd this mortgage may then be foroclosed to sa[isfy ihe amount due on said .. � .
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Assoeiation of Grand lsland,
<br /> � '. Nebraslca for insurance,[axes and asseuments,and abstracting extension charges, with interest thereon, from date of payment a[ [he maximum � � .
<br /> 'j legalrata
<br /> As provided in the$ond secured hereby,while this mortgage remains in effect the mortgagee may heresfter advance additional sums to the . , .
<br /> makers of said Bond,their assigns or successors in in[erest,which sums shall be within the security of this mortgage the same as ihe funds originally .. �
<br /> .� ucured thereby,lhe total amount oCprincipal debt not to exceed at any time the original amount of this mortgaga � . � �
<br /> � t�d ttus�/ � h ��/�a8y or February A.D.,19 8
<br /> i ,�,W�/`�C.G�' !u'�-�t��/ �
<br /> ; _Gene A. Hughes ^ Sandra L.�tughes
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<br /> STATE.OF NEBRASKA,t� On this 15'tfl day of February 19 �8 ,before me, _
<br /> � COUNTY OF HALL J �
<br /> F�,,; �� �� the undersigned a Notary Public in and for said County,personally came � � �7 �
<br /> # Gene A. Hughes and Sandra L. Hughes, each in his and �ier own right and as spouse of each t �` �
<br /> v`'.�,•, . who are P�rsonally known to �
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<br /> t�[�'be tf[E"i� raon S whoae name 5 dY'E� af£ixed to the above instrument as moRgagor 5 and the.Y severally �.'
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<br /> 3 t � � 8g1d}�a�sid rument to be th27 T' voluntary aci and deed. ��F�
<br /> � + �� NOTaRY ��� my hand and Nowial Seal the date aforesaid. �. w y�'
<br /> .� �•,'COMMlSSIONMYC�d . .onexpires tlu.�,�.04'31� 1y�o
<br /> � EXPIRES � �� � . � .
<br /> � � ' q :�: Notary Public
<br /> : � . s�,��(P. 31�1;.yQ� �
<br /> T Of iGF:�'i�¢"
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