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<br />MInThAGE and - 104995.
<br />MORTGAGE LOAN NO. -HI 915 FHA
<br />KNOW ALL MEN BY THESE PRESENFS:That Kyle W. Lucas and Sandra 0. Lucas, each in his and her
<br />own right and as spouse of each other,
<br />blortg> Igor. whetber oat oc more. Fo oomidention of the tea a[
<br />Seventy Five Hundred and n6% 100 ------------- - - - - -- --- ------------------------ D&L"M
<br />bN20040 sad mM1510 r by The Egaitii & B1 left and Lo= Association of Grand I*md, Nebniu, Itortygee. upon 75 sbaras d stoitlt cif
<br />aid ASOVINIM , ate No. .I it 915: FHA , do hereby grant, convey and morWr =to the said ASSOCIATION tk fallowis�
<br />dewed. Teal chats ;;situated in Ha11. County; Ncbrtlslra,
<br />;Lot
<br />Ten. (10), Argo Thi d- Subdivision, HaIl. County, Nebraska,
<br />together with all the tenements, hereditaments and appurten=iM le==a belongmj, including attached floor coverings, all window acreeea,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and ��•nbing and water equipment and accessories thereto, pungn stores,
<br />refrigerators, and other fixtures 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 agree that the mortgagor stall and will pay all taxes and aden^c°ts kvbd or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the sate shag become delinquent; to furnish approved
<br />awrana upon the buildings on said premises situated in the sum of S 71500.00 payable to said ASSOCIATION and to deliver to aid
<br />ASSOCIATION the policies 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 mortpgoe shall.
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mmg*ee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall temaioa
<br />unpaid; and the martga W shall have rik power to appoint any ampa rr agents it tray desire for the purpose of reps i ft said premises and renties
<br />the sane urad coll= rg the rents, rew:rues and income, and it r z> — pvy out of said income all expenses of repairing said premises and necessary
<br />eummissbu and expams incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the damage of said mortgage indebtedness; these rights of t!:e !mortgagee may be exercised at any time during the existence of such
<br />default. irrespective of any temporary waiver of the same_
<br />These Presents, however, are upon the Condition, That if the said Mor rte- r shall repay said loan on or before the maturity of said shares by
<br />psymem. pray monthly to said ASSOCIATION of the sum specirrot Sri tic &r-,d secured hereby as interest and principal on said loan, on or before
<br />the Tvvrviwt% day of each and every month, until said Wan is My ran&; pay all des and ancasments levied against said premises and on this McrWV
<br />and the Bond secuze& 12r reby, before delinquency furnish approved dnswan — 4xw the buildings thereon in the sum of S 7, 500.00
<br />to said ASSOCIATI M;' eepay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insaranae with intcriga at
<br />the maximum legal ate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said prendws ;keep and comply
<br />with ail the agreements and conditions of the Bond for S 7,500—C) tl•.is Say given by the said Mortgagor to said ASSOCIATION, and comply
<br />with sal[ Ilk requirements of the Con -alt uaion and Bylaws of sari; XI &SOCIA i CQ�N ;_ then these presents stall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed w the app 7 r �° ;7:e said ASIiiDIClATION after failure for three months to make any of said
<br />payments or be three months in arrears in making Who mo t JijiY r-2) amts, :. rr kicep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed fcrCawith s.: � fin foreclostka proceedings.
<br />If there is any change in ownership of the real estate mortgapcd "whin, by sale or cf-herwise, then the entire reraming indebtedness hereby
<br />wcwcd shall, at the option of The Equitable Building and Loan Association of Grand lsLw.d, dicbraslra,bernme immediately due and payable without
<br />further notice, and the amocmot rcaWning due under said bond, and any other bor4' b'.c any additional advances made thereunder, ahall. from the
<br />date of execemse of said option, bear interest at the maximum legal ate, axd this mortgage may then be foreclosed to satisfy the amount due an said
<br />bomd,and any other bond for additional advancM.1,r.1ether with all saran pau$ by aid The Equitable- Building and loan Association of Grand Island.
<br />Nebraska for insura00% taxes and assessments, and abstracting extension charges, with interev the eon, from date of payment at the nuximum
<br />Iegal ate.
<br />As provided in the Bond sec icvA hereby, while this mostgotep remains In effect the mortgagee may hereafter advance additional sums to the
<br />,natters of said Bond, then assigns or successors in interest, which sums shall be within the security of this mortgage the sane as the funds originally
<br />secured thr reby, the total amount of principal deft rmyt to "coed at any time the original amount of this mortgage.
<br />Dated this 13th day of September A. n., 19 89
<br />K& Q. tL_ucas
<br />Sandra D. Lucas
<br />SfATE OF' NEBRASKA, � as. On this 1q Y. . dayof Se --w .ruer 1989 before me. COUNTY OF HALL
<br />the unmdenigned, a Notary Public in and for said County, penonallycame
<br />Kyle W. Lucas and Sandra D. Lucas, each in his and her own right,
<br />and as spouse of each other, who ate personally known to
<br />we to be the identical person S whose name s are affixed to the above instrument as mortgagor S and they wwray
<br />adtnowledged the said insiturneni to be their voluntary act and deed.
<br />WITNM rrmy hand and Notarial Seat the date aforesaid. j
<br />My Cummisdun expires
<br />Nritai MI
<br />No- tary Public
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