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<br />MORTGAGE
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<br />100719
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<br />MORTGAGE LOAN NO. L 24984
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<br />KNOW ALL MEN BY THESE PRESENTS: That John W. Goosrnan and Tammy S. Goosrnan, each in his and her
<br />own right, and as spouse of each other, and Steve P. James and Mary E. James, each in
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<br />his and her own right, and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty Three Thousand One Hundred and no/lOa -----------------------------------OOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand tsland, Nebraska, Mortgagee, upon 231 s.'l3reS of stock of
<br />said ASSOCIATION, Certificate No. L 24984 . do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
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<br />The Easterly Sixty Two Feet (62') of Lots Eight (8) and Nine (9), in Block Eleven (11),
<br />of Harrison's Subdivision, being a part of the Southwest Quarter of the Southeast
<br />Quarter (SW\ SE\) of Section Eight (8), in Township Eleven (1 I) North, Range Nine (9)
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<br />West of the Sixth P.M., Hall County, Nebraska.
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<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows. awnings. healing, air conditioning. and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now 01 hereafter attached to or used in conneclion with said real estate.
<br />
<br />And whereas the said mortgagm has ag. :ed and does hereby agree t hat 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 lherebr before the same shall become delinquent: to furnish approved
<br />insurance upon the buildings on said premises situated in the sem of $ 23, 100.00. payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance: and not to C:Jmmit or permll any waste on or about said premises;
<br />
<br />In case of defautt in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entil!ed to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<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 payout of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing t!,e same and of calleeling rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence uf such
<br />default, irrespective of any temporary waiver of the same.
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<br />These Presents, 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 s.~id ASSOCIATION of the sum specified in the Bond secured hereby as interest and "rincipal on said loan, on or before
<br />the Twentieth day of each and every month. unlil said loan is fully paid; pay all taxes and assessments levied 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 23, 100.00. 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 />with all the agreements and conditions of the Bond for S 2 3, 100.00 lhis day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constilution and By-laws of said ASSOCtA TION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and lTlay 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 making said monthly payment., or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver 3ppointed forthwith in such foreclosure proceedings.
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<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The 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 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 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 Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />
<br />As provided in the Bond secured hereby, whilt 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 withlll 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 lime the original amount of this mortgage.
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<br />
<br />February
<br />
<br />A. D., 1988
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<br />I)ev~ I ~s .......(.
<br />Mary E James'
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<br />Tamrn
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<br />STATE OF NEBRASKA, t
<br />$S.
<br />COUNTY OF I(ALL
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<br />On this
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<br />11th
<br />
<br />day of
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<br />FQbruary
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<br />19 88 . before me,
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<br />the undersigned, a Notary Public in and for said County, personally came
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<br />John W. Goosman and Tammy S. Goosman, each in his and her own r~raht, ilnd as s,gW1se of
<br />e c~other al)d Stev" P. James and ~lary, E. James, each ill his ware pel'SO yknownto
<br />an~' r .own' rll!ht. antl as SDouse of ea-"h other.
<br />me to-n<\'it I Colleal pefUlrr'S wnose name's are afhxed to the anove instr"ment as mortgagor S and they :;evcrally
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<br />acknowledged the uid instlUment to be the i r volunlary act alld dr>ed,
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<br />W1TNESS my hand allll Notallal Seal the dale afnresaid.
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<br />My ("omnussion explrC$ II ~?( -5-' ,Iri'>
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<br />ewalWIOtAllY. 5.." " ""ruh
<br />JOANNE G RO",.H
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<br />Nnlary Public
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