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<br />cos--- 102767'
<br />
<br />MORTGAGE
<br />
<br />MORTGAGE LOAN NO. L 2 5049
<br />
<br />KNOWAL!..MENBYTHESEPRESENTS:Thal Larry D. Anderson and Jean Anderson, 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 Nine Thousand Six Hundred and no/lOO -----------------------------------------OOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association nf Grand Island, Nebraska, Mortgagee, upon 496 shares of stock of
<br />said ASSOCIATION, Certifu:ate Nn. L 25049 , do hereby grant, convey and mortgage unto Ihe said ASSOCIATION the foIIowiDg
<br />described real estale, situated in HaU County, Nebraska:
<br />
<br />Lot One (I), in Block Two (2), Parkhill Subdivision, an addition to the. City of Grand
<br />Island, Hall County, Nebraska.
<br />
<br />together with aU the lenements, hereditamenls and appurtenances thereunto belonging, including attached Door coverings, all window SCICCI1S.
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and waler equipment and accessories thereto.pumps,_.
<br />refrigerators, and other fixtures and equipment now or herearter 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 ~ or
<br />assessed upon said premises and upon lhis mnrtgage and Ihe bond secured thereby berore Ihe same shall become delinquent; to furnish approwd
<br />insurance upon the buildings on said premises situaled in the sum of S 49,600,00 payable to said ASSOCIATION and to detm:r to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permil any wasle on or about said premises;
<br />
<br />In case of default in the perfonnance of any of the terms and conditions of this mortgage or the bond secured hereby. the mortpgce shall.
<br />on demand, be entitled to immediale possession of the mortgaged premises and the mortgagor hereby assigns, uansfers and sets O\'Cr to the
<br />mortgagee aU the rents, revenues and income to be derived from the morlgaged premises during such time as the mortgage indebtedness shall temain
<br />unpaid; and the mortgag~'C shall have the power 10 appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and coUecting the renls, revenues and income, and it may payout of said income aU expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing Ihe same and of collecting rentals therefrom; the balance remaining, if any. to be
<br />applied toward lhe discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />defaull, irrespeetiw of any lemporary waiwr 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 monlhly to said ASSOCIATION of the sum specified in the Dond secured hereby as interesl 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 levied against said premises and on this Mortgage
<br />
<br />and the Dond secured Ihereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum nf $ 49,600.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessmenls and insurance with interest at
<br />the maximum legal rate Ihereon from date of payment all of which Mortgagor hereby agrees to pay; pennit no waste on said premises; keep and comply
<br />
<br />with all the agreements and condilions of the Bond for S 49,600, 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />wilh all the requiremenls of the Constitulion and By-Laws of said ASSOCI A TlON; then these prescnts shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed al the option of rhe said ASSOCIATION afler failure for three months to make any of said
<br />payments or be Ihree months in arrears in making said monthly pay men IS, or 10 keep and comply with the agreements and conditions of said Dond;
<br />and MDltgagor agrees to have a receiver appoinled forthwilh in such fDleclosure proceedings.
<br />
<br />If there is any change in ownership of the real estale 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 Ihe amount remaining due under said bond, and any olher bond for any additional advances made thereunder, shall, from the
<br />dale of exercise of said option, bear inlerest 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 abslracting extension charges, with inlerest thereon, from date of paymenl at the maximum
<br />legal rale.
<br />
<br />As provided in the Bond secured hereby, while lhis mortgage remains in eITect Ihe morlgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interesl, which sums shall be wilhin the security of this mortgage the same as the funds origina1ly
<br />secured thereby, the total amount of principal debt nollo exceed al any lime the original amount of Ibis mortgage.
<br />
<br />day of May A. D., 19 88
<br />
<br />
<br />STATE OF NEBRASKA'l
<br />...
<br />COUNTY OF HALL
<br />
<br />Onlhis
<br />
<br />2 7 t h day of
<br />
<br />May
<br />
<br />1988
<br />
<br />, berore me,
<br />
<br />the undersigned, a Notary Public in and for said County, personally c:amc
<br />Larry D. Anderson and Jean Anderson, each in his and her own right"_llo
<br />W are personally known to
<br />and as spouse of each other.
<br />me 10 be the identical penon S whose name s are amxcd 10 the above inslrument aiD)orlgagor s and they
<br />
<br />acknowlcdsed the said instrumenl to be the i r voluntary act and deed. / /-'
<br />WITNESS my hand and Notarial Seal the ,laic .f...e!laid. . 5
<br />
<br />My Commission e..pires r 1- f? (~ ,/ -~,./ ,,'"
<br />:"- /,/".;. . ,~?
<br />_III"'.."..... ,'.""'>>iI. '. _--4L~-..-
<br />,;0'1 IA. 8E:AZlEV .....~/ / (...- 0,Yd'Y Public
<br />lit CIM. llll Slpt I. ,.
<br />
<br />severally
<br />
<br />,an.DlllJ
<br />
<br />
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