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<br />MORTGAGE
<br />
<br />8 8 ....:.
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<br />'101310
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<br />MORn;AGE LOAN NO, --"'-2~9.9~
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<br />KNOW ALL MEN BY TIIESEI'RESENTS: That Christopher S. Caley and Debra L. Caley, each in his and
<br />her own right, and as spouse of each other,
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />----..forty Four Thousand and no/ 100 ------------------------------------------------- DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 440 shares of stock of
<br />
<br />said ASSOCIATION, Certificate No. L 24996 ,do herehy grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />
<br />Lot Forty One (41), Westwood Park Subdivision, Hall County, Nebraska.
<br />
<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, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection wilh said real estate.
<br />
<br />And whereas the said mortgagor h"s agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied cr
<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 $ 44,000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit MIY waste ou or about said premises;
<br />
<br />In case of default in the performance of any of the terms and condiliol1S of this mortgage 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 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 expe"ses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward lhe dis<:,;arge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
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<br />These Presents, however, arc 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 lIssessments levied against said premises and on this Mortgage
<br />
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings Ihereon in the sum of $ 44,000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it pllid for such taxes, assessments and insurance with interest lit
<br />the maximum legal rate thereon from datc of payment all of which Mortgagor hercby aglees to pay; permit no waste on said premises; keep and comply
<br />
<br />with all thc agreements and conditions of the Bond for $ 44,000.00 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 ASSOCI A TlON; 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 ASSOCI A TlON after failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor lIgrees to hllve a receiver lIppointed forthwith in such foreclosure proceedings.
<br />
<br />If there is any ehangc in ownership of the real cst lite mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitllble Building and Loan Association of Gillnd Islllnd, 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 lit 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 />Nebraskll for insurance, taxes and assessments, and lIbstracting extension chllrges, with interest thereon, from date of payment at the maximum
<br />legal rate.
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<br />As provided in the Boud 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 morlgllge 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 />DlIted this
<br />
<br />18th
<br />
<br />day of
<br />
<br />March
<br />
<br />A. D" 1988
<br />
<br />
<br />r-
<br />
<br />Debra L. Caley
<br />STATE 01' NEBRASKA, ~
<br />ss.
<br />COUNTY OF IIALL
<br />
<br />On this
<br />
<br />18th
<br />
<br />day of
<br />
<br />March
<br />
<br />19 88
<br />
<br />, before me,
<br />
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Christopher S. Caley and Debra L. Caley, each in his and her
<br />
<br />own right, and as spouse of each other
<br />
<br />me 10 be the identical persons whose nameS are affixed to the above in,sJ.rt9t as mortgagor S
<br />
<br />acknowledged the said instrument 10 be the i r voluntlllY act allll deed, / i
<br />
<br />WITNESS my hillld lInd Notllrial Seal the date aforesaid. /
<br />
<br />My Commission expires 9/ / / ,(9 (._--
<br />
<br />Je.-:~~'i: .. /);-7";/
<br />
<br />who
<br />
<br />are
<br />
<br />personally known to
<br />
<br />and
<br />
<br />they
<br />7
<br />
<br />severally
<br />
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<br />I07MlM III
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