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<br />88- 102620
<br />
<br />MORTGAGE
<br />
<br />MORTGAGE LOAN NO. L 25042
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: That Todd S. Cook and Diane K. Cook, each in h is and her
<br />own right. and as spouse of each other,
<br />
<br />Mortgagor, whether one or more,in consideration of the swn of
<br />Twenty One Thousand Six Hundred and nollOO ----------------------------------------DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island, Nebraska, Mortgagee, upon 216 shares of stock of
<br />said ASSOCIATION, Certificate No. L 25042 ' do Ilereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall Coumy, Nebraska:
<br />
<br />Lot Seven (7), in Block Two (2). in Axt and Hagge's Addition to the City of Grand Island.
<br />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 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 $ 2 I .600 . 00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIA TION the policies for said insurance; and not to commit or permit 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 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 />morlgagee all the rents, revenues and income to be derived from the mOrlgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agem 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 renling and managing the same and of collecting rentals therefrom; the balance remaining. if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mOrlgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same,
<br />
<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 ,-aid ASSOCIATION uf 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 momh, until said loan is fully poid; pay all taxes and assessments levied against said premises and on this MOrlgage
<br />
<br />and the Bond secured thereby, before delinquency; furnish approved insurnnce upon the buildings thereon in the sum of $ 2 I .600.00 . payable
<br />10 said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interesl al
<br />Ihe maximum legal rale Ihereon from date of payment all of which Mortgagor hereby agrees 10 pay; pennit no waste on said premises; keep and comply
<br />
<br />with a1llhe agreements and conditions of the Bond for $ 2 I ,600.00 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; lhen 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 afler failure for three months to make any of said
<br />payments or be three months in arrears in making said monlhly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees tu have a receiver appointed forthwith in such foreclosure proceedings,
<br />
<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 al the maximum
<br />legal mte.
<br />
<br />As provided in Ihc Bond secured hereby, while this mortgage remains m effecl the mortgagee may hereafter advance additional sums 10 the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within ,he security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not 10 exceed at any time the original amount of this mortgage.
<br />
<br />Dated this
<br />
<br />day of
<br />
<br />May
<br />
<br />A,D.,1988
<br />
<br />20th
<br />If ~ f Cbuk.
<br />T~~~ K~
<br />Diane K. Cook
<br />STATE OF NEBRASKA, t
<br />55.
<br />COUNTY OF BALL
<br />
<br />On this
<br />
<br />20th
<br />
<br />day of
<br />
<br />May
<br />
<br />19 88 ,before me,
<br />
<br />Todd S. Cook and Diane K. Cook, e~ch
<br />
<br />as spouse of each other,
<br />me to be thr identical personS whose name s are afflXed 10 the above instrument as mortgagor S
<br />
<br />acknowledged the ..id instrumenlto be their voluntary act and deed,
<br />WITNESS my hand and N,.lari.1 Seal the date aforesaId
<br />
<br />My Commission npire~' -..r s . 1'/
<br />
<br />the undersigned, a NOlary Public in and for said Counly, personally came
<br />in his and her own right. andwho are personallyltnownlo
<br />
<br />and
<br />
<br />they
<br />
<br />severally
<br />
<br />II> 1 2M RI
<br />
<br />--. ''_-It..1 .. .nrub
<br />JCI\NNE G. ROUSH
<br />., c... ~ fiIr. 2S, 1918
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