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<br />8 100250
<br />8-
<br />
<br />MORTGAGE
<br />
<br />MORTGAGE LOAN NO, HI 871 FHA
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: That Robert M. Yeager and Dee Ann Yeager, each in his and her 1
<br />own right, and as spouse of each other,
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Four Thousand and no/IOO ----------------------------------------------------------DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 40 shares of stock of
<br />said ASSOCIATION, Certificate No, lIil 871 FHA . do hereby grant, convey and mortgage Ullto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />
<br />Lot One Hundred Fifty-One (151) in Buenavista Subdivision, an Addition to the City of Grand
<br />
<br />Island, Hall County, Nebraska.
<br />
<br />together with all the tenements, hereditaments and appurtenances thereunto belongmg, including attached !loor co~rings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto,pumps,stoyes,
<br />refrigerators, and other fixtures and equipment now or hereafter auaehed to or used in connection with said real estate,
<br />
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 4 ,000 .00 payable to said ASSOCIATION and to deii~r to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permll any waste on or about said premises;
<br />
<br />In case of default in the performance of any of the terms and conditions of this mortg;'ge or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to !he
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee 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 oul of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />appli::d toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of !oUch
<br />default, irrespective of any temporary waiver of the same.
<br />
<br />These Pr"sents. however, are upon the Condition. That if the said Mortgagor shall repay 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 hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments le\;ed against said premises and on this Mortgage
<br />
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 4,000.00 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 />
<br />wilh all the agreements and conditions of the Bond for S 4,000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By.Laws of said ASSOCIATION; 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 months to make any of said
<br />payments or be three months in arrears in ma1cing said monthly payments. or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings,
<br />
<br />If there is any change in ownership of the real estate mortgaged herein, l1y sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, al the option of The Equitable Building and Loan Association of Grand Island, Nebraska. become im;;lediately due andpayable without
<br />further notice, and the amount remaining due under said oond. and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option. bear interest at the maximum legal rate, and this mortgage may Ihen be foreclosed 10 satisfy the amount due on said
<br />bond.and any olher bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grmd Island.
<br />Nebraska for insurance, taxes and assessments, and abslracting extension charges, with interest thereon. from date of payment at the l112Ximum
<br />1egaI rate,
<br />
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />
<br />Dated this fll.2 day of -zrI'V..._' A. D" 19 '6'6'
<br />
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<br />
<br />Yeager
<br />STATE OF NEBRASKA, t
<br />ss,
<br />COUNTY OF IIALL
<br />
<br />On this
<br />
<br />12th
<br />
<br />day of
<br />
<br />January
<br />
<br />1988
<br />
<br />. before me,
<br />
<br />L
<br />
<br />the undersigned, a Notary Public in and for said County, personally carne
<br />Robert M, Yeager and Dee Ann Yeager, each in his and her own right,
<br />who
<br />and as spouse of each other, arc
<br />me 10 be the identical person s whose name s a re affixed to the above ;n~s mortgagor s and they severally
<br />
<br />acknowledged the said instrument to be their voluntary acl and deed.../ . .. /)
<br />i / . ./
<br />WITNESS my hand and NO,tar;al Seal the date ~fmesaid, ,(// ',' ..-;..v
<br />
<br />My Commission expires 9,// /F 1 /~: 1 .:. /:~., ( /';( }" L 7 tf...:,
<br />
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<br />
<br />personally known to
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