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<br />MORTGAGE LOAN No- HI 904 FHA
<br />KNOW ALL IWEN BY THESE Pt ESMS: That Clifford E. Steele ar-d Meta L. Steele, each in his and:,
<br />her own right and as spouse of each other,
<br />1Rnrtg�or,wrbether ante ar more, iii comasideratios: of the rwsn of
<br />Three Thousand Five Hundrert and nol100 ----------------------------------- DOIJARS
<br />loaned to raid mortgagor by The Egtribbk Buildlin6 and Lunn A.aocktion of Grand WMd, Nebrtsita,Mur4W, upon 35 shares of aotdc of
<br />said ASSOCIATION, Certificate No.III 904 FHA , du hercbl, Meant, txnavry and tmaa 6W into cite ON ASSOCIATION the foinwhig
<br />deaeribrd rat estate, situated in Hall County; Pletrtaska:
<br />All of Lot Seven (7j,••i-n Block Five (5), of'$orrie. Brae Addition to the City of Grand Island',
<br />Hall County,, h.ebraska,
<br />togetlsn with irk the tenements, hereditaments and appurrL -v=a es thereunto belonging, including attached floor gas wings, aB tt4afinv scree:a.
<br />asisgdiaw dudes, blSncs. storm windows, awnings, - heating, air ±><itioning,snul ;slttmbing and water egtoprnu at and acaressraries thereto; prutrpat,storrs,
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<br />refrigerators, acrd other fixtures and equipment cuv9 or herea;ixx.it�,%ched tour used in curincction with s» W real estate_
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<br />And whereas the said mortgagor has agreed and doesh%c -bv agree that the mortgage s+ull and will pay all taxes and asteuments iet+iued'or
<br />aserxd upon said premises and upon this mortgage and the; tared secured thereby before tf,a mite shall become delinquent; to furnish
<br />appratal
<br />Hammett upon the buildings on said premises situated in the v1m of S 3,500. 00 p: vd'lin t;, mii ASSOCIATION and to deliver to salt . .
<br />ASSOCIATION the policies for said insurance; and net to commit or permit any waste on or atca, raid 1:4emises:
<br />In cane of default in the performance of any of the terms and conditions of this mortgage oY the bend secured hereby, the modpgee shall, on demand, be entitled to immediate possetvon of the mortg7ed premises and the mortgagor hereby uaigns, tra idea and sets over to the
<br />nu tgaW all the rents, revenues and income to be derived frum the mortgaged premises during such time as the mortgage mdebttsittesa shall reraian
<br />uavia.•; and the mortgagee stall have the power to appoint auy. agent or agents it may desire for the of
<br />purpose reprticfrrg said pternites and tenfiog
<br />tbc sxfmao and collecting the rents, revenues And income, and it-may payout of said income all expenses of repairing said premioes and neaauy
<br />WwRiasiom and et{unses incurred in renting and managing The same and of collecting rentals therefrom; the balance retaining, if be
<br />ap�ied any, to
<br />toward slur• discharge of said Irma age indebtednet these rights of the: mortgagee nay be exerdxd otany tinge during the existence of sttch
<br />de�taaiil ; irrespeci* of'any temporary waiver of the amc.
<br />T6ese Presents, however, ,six upon the Condition, fti if-Me said Mortgagor stall n said loan on or before the maturity of alt shares by
<br />Payment; pay monthly to said ASSOCIATION of the sum spt.aified in the Bond
<br />secured lrcxday as Interest and principal on said ban, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgsse
<br />and the Bond secured thereby, before delinquency; furnish approved insurancx upon the buildings thereon in the sum of s 3, 500.00 pyable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments aad insurance
<br />with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby
<br />y agrees to pay; permit no waste on said premises; leap and comply
<br />with all the agreements and conditions of the Bond for S 3, 5131). 00 this day given by the aid Mortgagor to said AMOCIATION, and ontaply
<br />with all the requkemorats of the Constitution and BY-Laws of ASSOCIATION;
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<br />slid then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three motttfas to snake any of said
<br />said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and condition of said Bo
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />It there is any change in ownwhipof the realestate mottped herein, by sate or otherwise. then the entire remaining indebtedness hereby
<br />wcattud. shall, at the option of 11a I'qunable Building and Loan Association of (;mW hslasd,Nettastn.beeome immediately due and payable without
<br />further notice, and the amount 'remaining due bond,
<br />under aid and any other bond for any additiondadvanoesmade thereunder,". rr m the
<br />date of exercise of said Option, beat interest at the na*mum legal rate, and this mortgage my then be futecdosed to sn"y the amoamt due on said
<br />bond,and any other, band for additional advances, together with all stuns paid by said The Equitable Buildiag
<br />and Wan Association of Grand Idned.
<br />Nebranira for inswasice, taxes znd assessments, and abstracting extension charges, with interest thereon, from date of at the
<br />legal rate. pa }mrc:u maximum
<br />As provided to the Bond -!cured hereby, while this mortgage remains in effect the mortgagee may hereafter advacecee additiotal suns to the
<br />makers of scud Bond, their assigns Or satuessors m interest , which sums shall be witddn the secarrsty of this mortgage the settee as the funds originally
<br />actaed thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this 6t day of April A. p„ gq 89
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<br />Meta L. Steele
<br />STATE OF
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<br />Y 01;1IALL tI s 1 Jn t his 6th day of April 14 89 . before me,
<br />COUNTY UI' ![ALL i
<br />the undersigned, a Notary Public in and for said County. personallyctme
<br />Clifford E. 'Steele and Meta L. Steele, each in °i-s and her own right,
<br />and as spouse of each other who are personally known to
<br />Pte to be the de-ntiry pens <�nS w'iwsc�arne are affisedrvtheabilvecnstreyneruija ;nrurtP,aaorS and they smral;y
<br />acknmvkdged
<br />the said ui ;learn -nt to tee their w1untwy ace and deed. —
<br />Kit':l:5`s ray h::nd iAndbi-itarlat ;cut th^ d re rffjtesa:d
<br />' Mq C r.n,rr::.►•ru r. Kprrca `r - l.. t � , � � . fi
<br />e>.ri�sw ILL. Puttee
<br />am IL KAIM !r
<br />�91 ds E39 $01.9!N
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