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<br /> ` ' . MORTGACE IAAN NO aj _427� � - � FHA . . .
<br /> ,�`' `` II�iq�rw,�gy�sEp[t�s�:Tt�c Mick R::_�.rer and Judy l4. 8orer, each in his and Fier own .
<br /> �'`:=4 ; right, end a�-'spouse af �ach o�er, �
<br /> 'w'�`.`j:: . . '. � ." :��!''[: � . �'-::- � �Of�tr�OOE Ol n90lE�l0 OOOIdCI�Of 1bQ�IA� .
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<br /> - � : � :-_ Tftiirtv EYUht Hundred and noI106,-------------=-r------------------------------ -��
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<br /> . i foNea to'afi�matPeor bs►'lUe F.qaia6b Bua7d"mE and Lan As�aaation of Grand I�and,Neb��a.Nortp�,upoe 38 . �sd�d � '
<br /> ' 3 �ia A�0�.7A1iort,ce�iata rro.tl� 9�7 FHA,ao Uereby gant:oorNeq �na mortE,se uata the,�ia ASSOCtwTtorl t!►e corawie� �
<br /> � .i � dtaa�ed ceal eWate,atwted ia H�County.Neb�tca: • • �
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<br /> Lo� Thirty-5even (37). Potash Suhdivisian. iiall County. Nebraska� - � . ,
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<br /> _ •'1'� � W�t6er wilit all the tenements,fte�nts utd appurtenaaces thereunto belonging,including att�drod i7aor cover�,aU�rit�do�v�craes, : .
<br /> ` � Mindo�v sNades.blinds,atorm aindows,awnings,heating,air conditi�ni�sg,and plumbingand water eqctipm�ntu�d acaaoti�s thereto,pumps,sto�es,
<br />. ! refri�eratora,and other Puct�ures and equipment now ot hereafter attac7�ed ta or used in connection with said real extate.
<br /> ; Aed�fiere�s the svd cnort or hu a ad and d�es hereb a ee that the mor r shall and wi11 �ll w�ea u�d as�essments ievied at { �"-
<br /> Pb &� Y 8� �S� P�Y �.,�.
<br /> i s�e�ed upon s�id premi�es and upon 1hIs mortgage�..3 the bond secured thereby isefore the sune ahall be�,rne delinqtt�nt;to fwni��ed . r: '
<br /> . � ins�tnnce upon the b�u'Idnip on said prentiscs cituate3 in the sum of S3,800.00 payabk to said ASSOCIATION and to delivet to stid f_'='
<br /> � ASSOClA710N ihe policies for said Insmr�nce:and not to commit or permit any waste on or abaut said premixs; . , -
<br /> • • In cae of defiWf in the pcsforannce of any of the terms and coaditions of this mortgage c�r t��e bond aec�ured hereby,the mort�ee tha11. _
<br /> ' • os demand,be enti;led to immediate pos�ipn of the mortgagcd prcmiscs and the mortgagor '�_ereby �gtu, ttan�ers and �ets over to the , "
<br /> • �' mort�ee all the rent:,revenues and inwme to be derived from the mortgaged pnmtses during sucii turce as t�,�mort�e indebtednesi�a11 reraaL►
<br /> • tmpaid;and the modgaEee sh�ll have the power to appoint any agent or agenis it may desire for the purpose o�i rep�irin�nid prembes ar�d rentin6 . `�
<br /> tfie s�me md oollcetfia the rcnts,revences and income,and it may pay out of s�id inwme a!1 expemes of repairing stid pcemius and neoe�► -
<br /> � ' oommisions and ex�pen�es incuned•in renting and managing the a�me and of wllecting rent�is therefrom:the b�na rem�inina�if�ny,to be .
<br /> applied towud the disclurge of said mortg�ge indebudness;these rights of thc mortgagee may be e�terci�ed at any time durina t6e existena of wctt
<br /> dei'aWt,irrespective of ury temporary vr�iver of the snne.
<br />_ . , Theae Pre.te�rta.howtrer,an upon the Condition.Ttrat if the said Martgagor afiall cepay said loan on or Qxfore 1he n�tnrlty of stld sln�s tay
<br /> , ptyment;py manthiy so said A.SSOCIATION of t�e sum specified in thc Bund secured hereby as interest a�d principal on iaid Iwn,orl or beFore•
<br /> j the Twentkth d�y oP pch and every month,until sai 3]oan is fully p�id;pay al!taxes and assessmenW ievied a�tinst said premi�es�nd on thls Mort�e
<br /> ( and the Bond ucurcd thereby.before ds7"snqueacy�fumish approved insurance upon the build;ngs ihereon ia the wm of s 3,S00.00 Q�Yable •
<br /> ". � { to a�id ASSOCIAT[ON;ropay to said ASSOCIA7'lQti upon demand afl moncy by it paid For such taxes.assessments and insuronce with interest at . '
<br /> the maximum le�l rate thereon from date of paymea:�3 of'vuhich Mortgaqar hereby agrees to pay;pemut no wa�te on said pcemites;keep and oomply .
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<br /> , �vitfi�ll the a�aments and oonditions uf the Bond for S 3,800.00 this dsy given by ihe said Mort�gnr 2o aaid ASSUCIATiON,and oomply ��
<br /> with aU the al�uircmenta of the Consti?u:e�n and ByLaws of s�id ASSOCIAT(ON:then these pre�ents shall become nuU and void.optenvi�e they •
<br /> �'t . �ll rem�tn in fnll force and may be foreclosed ai the option of the said ASSOCIATION a�trr failure for titree manths to m�ice�ny of ssid '
<br /> • pa�ment�or be thrce months.in arrars in malcing said muntlily payments,ar to keep and compJy with the agreements and condiNona of a�IdBond; '
<br /> � and Mort�or agas to have a receivcr appointed forthwith in such focectosure proccedings.
<br /> • It there u any chuig in awn¢rship of the real cstatc mortg�ed hetein,by eatc oz otherwise,then ihe eniire nm�ining indebtednes�hereby __.
<br /> �ecuusd�11,at the optian of The Fquitable Building and Loaa/Eswcutlon of Gr�nd Isiand,Nebrask�,become immedbtcly duc and pyable Nlthout
<br /> fwther notke.and tht amount rem�ining duc undu said twnd,and any other bond for any additional�dv�ncea m�de thercunder,�h�11.from the '
<br /> ��� d�te oi e�cerci�e of s�ud option,6ear interest at the maximum Eep�l rate�and this mortgage may thcn be foreclosed to�ttsfy the amount due oa aid •
<br /> � ' bond.and ury ottur bond for iddition�l advu�a�,together with all sums paid by s�id The Fquitabla Bu�7dlna and Lou�Anoclat�on of Crand I�nb,
<br />� � . Nebn�for inwrma�hxes�nd assessments.and abstractina extension chargea,with inteiest thereon. f�um date oP payment at the m�ximum ,
<br /> - . te6a1 rate. � �
<br /> ' As provided in the Bond secaad hereby,white lhis mnrtgaEe remains in eifect the rtx�rt�ga may heresfter�dvurce addiHon�1 aums to the
<br /> ' • tt�keta of said Bond.their assigns��r successora in interest�wftich sums shall be within tha security of thJs mortgage the same.as the funds otiginaUy _
<br /> , �ecured therefsy,the toi�l emount nt principal debt nut to excced at any time�he uriginal amnunt of thls murtgaga . ' . . �
<br /> : ted t • llth d,y o` June ,�.n.,ly 90 .
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<br /> ` STA'YE ON NEBRASKA, � On this 11tM day of June 1990; ,befoce me, �
<br /> • COUN'i'Y O�'HALL� • .
<br /> � • the uaders�gned,a 1�lotary 1'ublic in and for said County,person�llyc3a�e
<br /> � Mick R. Borer and Judy A. Borer, each in his and her awn right, � Wbo are personauy known to�
<br /> � . and as spouse of each other ' , h
<br /> ' .� me to be the Jdrntical petson S whose nameS eT@ 'aifxed tv the abova instrument as a�ortgagarS and tk'►gy severaIiy �
<br /> , acknawledgcd the saId instrument tn be tl1e2Y YbjUttt�t}!8Ct BRtI(�CC(I. - � ' �
<br /> , W�TlVESS my hgnd a»d Notarial Scal the datc aturrsaid. , ' . t-�- II
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<br /> : twasn�Rt ����� Notary Public #
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