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lea f recorr, 69,il. <br />MICRORU.IED 0 10 5 3 8 Fi �2?, <br />5o,�, pazse <br />MORTGAGE <br />W <br />llall,Countyt XubMbkm <br />IORTGAGELO NNO. L 21824 <br />KNOW ALL MEN BY THESE PRESENTS: That Richard L. Sims.and Donna L. Sims, each in his and her <br />own right and as spouse' of each other', <br />Mortga or, whether one or more, in considc;ration of the sum of <br />Thirty—five Thousand a6d No/100 ------------------- `1 : . <br />------ L---- DOLLARS <br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, N braska, Mortgagee, upon 3 5 0 shares of stock of <br />.said ASSOCIATION, Certificate No. L do hereby. grant, convey and. mortgage unto the said ASSOCIATION the following <br />described real estate, situated in Hall County, Nebraska:. <br />LOT FOUR (4) IN BLOCK THREE (3) SECOND ADDITION TO HOLCOMB'S <br />HIGHWAY HOMES SUBDIVISION IN THE NORTHEAST QUARTER OF THE <br />NORTHEAST QUARTER (NE,, -NE -,).OF SECTION TWENTYiEIGHT (28) <br />TOWNSHIP'ELEVEN (11) NORTH, RANGE NINE (9)�WE'ST OF THE 6TH <br />P. M. HALL COUNTY, NEBRASKA. <br />tog&lier with all tile tenements, her6ditaments and appurtenances thereunto belonging, i eluding attached* floor coverings, all window screens, <br />window shades, blinds, storm windowi, awnings, heating, air conditioning, and plumbing andl . ater equipment and accessories thereto, pumps, stoves, <br />refrigerators, and other fixtures and equipment now or hereafter attached tq or used in connec tion',with said red . I estate. <br />And whereas the said mortgagor7lias agreed and does liereby-agree that the mortgagor shall and will p4y all taxes and a�sessments levied or <br />assessed upon said premises and upon: -this mortgage and the bond secured thereby before t le same sliall be -come delinquent; to furnish approved <br />insu rance upon the buildings on said PTcmises situated in the sum of S35 ;000 . 00 payabl6 to said ASSOCIATION and, to deliver to said <br />ASSOCIATION the policies for said insurance; and not to commit or permif any waste on or a out'said premises; <br />In case of default in the per <br />�ormancc of any of the terms and conditlons of this mortf age or the bond".secured hereby, the mortgagee shall, <br />on demand, be entitled to immediate -Ilossession of the mortgaged premises and the mortgagor' liereb� assigns, transfers and -sets over to the <br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises dur. ng s6ch time as tile mortgage indebiedness sliall remain <br />unpaid; and the mortghgee shall have the power to appoint any agent or agents it may desire �for the purpose of repairing said piernises and renting <br />the same and collecting the rents, reverities and income, and it may pay out of said income ; 11 e e�'e of repairing said premises and necessary <br />commissions aild expenses incurred in.:rentiilg and managing the same and of collecting rel tals 1h e r e f sr 0 in ; ilic balance remaining, if any, to be <br />applied toward tile dischargeof said mbrtgage indebtedness; these rigllts ofthe mortgagee may be�exercised at any time during the existence ofsuch <br />default, irrespective of any temporary waiver of the same. <br />These Presents, however, are upon tile Condition, That if the said INIortgagoor shall rcpa� said loan on or before the maturity of said shares by <br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured her'by as interest'and principal on said loan, on or before <br />the Twentieth day of 6ach and every m6ntli, until said loan'is fully paid; pay all taxes and assessmen'ts levied against said premises and oil' this Mortgage <br />anil the Bond secured thereby, before delinquency; furnish approved insurance upon the build n"gs:thereon in the sum of S 35 , 000 . 00 . payable <br />to- said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at <br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;,permit no waste on said premises; keep and comply <br />with all the agreements and conditions of the Bond for S 35 , 000. 00 t1kis day given by tl c said N16rtgagor'to said ASSOCIATION, and comply <br />with all the requirements of tile Constitution and By -Laws of said ASSOCIATION; then these presents shall'become null and void, otherwise they <br />sliall remain in full force and may be: foreclosed at the option of the said ASSOCIATION after failure for three months to� make any of said <br />payments or be three months in -arrear� in making said monthly payments,:or to keep and co inply with the agreements and cond)tioris of said Bond; <br />and Mortgagor agrees to have a receiver. appointed forthwith in such foreclosure proceedings. <br />If there is any change in ownership of the real estate mortgaged lierelil, by sale or otlieF%vise, then the entire remaining ifidebtednes.7 hereby <br />secured sliall, at the option of Tile Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without <br />further notice, and the amount remaining due under said bond, and any other bond for ally fidditional advances made thereunder, shall, from tile <br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage a then be foreclosed to satisfy the amount due on said <br />bond, and any. other bond for additional advances, together with all sums paid by said The Eq itable Building and Loan Association of Grand Island, <br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with intere t thereon, from date of paymen't at the maximum <br />legal rate. <br />As provided in the Bond sccured.liereby, while this mortgage remains in effect the in( rtgagee may hereafter advance additional sums to the <br />makers of said Bond, their assigns or successors in interest, which sums sliall be within the sec rity, of this mortgage the same as ifie funds originally <br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of thismortgage. <br />Dated this 12th 4a'y of Septem�er A. DI, 1��75 <br />Richard L. Sims <br />L.:Sims <br />Donnal <br />STATE OF NEBRASKA, day pf <br />011 ill's <br />COUNTY OF HALL Sepi <br />the undersigned, <br />.Richard L. Sims and Donna L. Sims, each in his and her.( <br />n t hQissss_� <br />ackl4vi4jdt�&Saic <br />C <br />V <br />IS whose names are affixed to the above <br />menttobe� their voluntary act and deed. <br />my hand and Notarial Seal the date aforesaid. <br />ission �xpires <br />0"?/0 <br />!mber 19 1 7 '5 ., beforc nie, <br />Not - ary Public in and for said County, personally came <br />in.,right and as spouse r of I each <br />who <br />are pe sona ly known to <br />it as mortgagor S and -they �everally <br />