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<br />MORTGAGE
<br />
<br />88-
<br />
<br />103436
<br />
<br />MORTGAGE LOAN NO. L 25051
<br />
<br />KNOW ALL MEN BYTIIESEPRESENTS: That David R, Jacquart and Phyllis Ann Jacquart. each in his
<br />and her own right, and as spouse of each other,
<br />
<br />MOrlpgor. whether one or _. in COIIIideIalion of the IUID of
<br />Thirty Three TIlousand Six Hundred and no/IOO --------------------------------------DOLLARS
<br />
<br />Io;med to said mol'lf.;lBOr by The Equitable Building md Loan Association of Grand Island, Nebraska. MOr1glgee, upon 336 sbam of ItDck of
<br />said ASSOCIATION, CcrtiilCBte No. L 2505 I ,do hereby grant, con~ and mortgqe unto the said ASSOCIATION the foJknriD&
<br />described real estate. situated in Hall County, Nebraska:
<br />
<br />Lot Five (5), in Sass S~eond Subdivision. in Section Fourteen (14). in Township Eleven (11)
<br />North, Range Nine (9) West of the 6th P.M,. in Hall County, Nebraska.
<br />
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window saeeDI,
<br />window shades, blinds, storm windows, awninll5. heating, air conditioning, and plumbing and water equipment and accessories thereto,J>WD!'S,stDwes,
<br />refrigerators. md other fIXtures and equipment now or hereafter nttl.'lched to or used in connection with said real estate,
<br />
<br />And whereas the said mortgagor has agreed and does berebYllgree that the mortgagor shall and will pay all lues and DIeS1DImlb levied or
<br />_aed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to fwnilb ~
<br />insuranc:e upon the buildings on said premises situated in the sum ofS 33.600.00 payable to said ASSOCIATION and to deIner to aid
<br />ASSOCIATION the policies for said insmance; and not to commit or permit any waste on or about said premises;
<br />
<br />In cue of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortglp Iba1l,
<br />on demand, be entitled to immediale possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortpgee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtednea sbaIl remain
<br />unpaid; and the mortgagee shaJI have the power to appoinl any agent or agents it may desire for the pUI'JK* of repairing said premiaeI ud IeDtiD&
<br />the ume and coUecting the rents, revenues and income, and it may payout of said income all expenses of repairing said premiaeI and IICCeaII)'
<br />commissions and expenses incurred in renling and managing the same and of collecting renlals lherefrom; the balance remainiD&, if allY, to be
<br />-ued towud the discharge of said mortgage indebttdness; these rights of the mortgagee may be exercised at any time during the exUtenc:e of such
<br />ekfault, irrespec;ti\'e of any temporlll'l' waiver of the same,
<br />
<br />These Presents, however. are upon the Condition, Thllt if the said Morlgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly 10 said ASSOCIATION of the sum specified in Ihe Bond secured hereby as interest and principal on said loan. on or befme
<br />the Twentieth day of each and every month. until said loan is fully paid; pay all taxes and assessments levied against said premilcs and on this Mortpp
<br />
<br />and the 8ll!ld secured thereby. before delinquency; furnish Jpproved insurance upon the buildings thereon in the sum of S 33 .600 . 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demnnd all money by il paid for such taxes, uscumenls and inIurancc with interest at
<br />the maximum legal rate thereon from date of payment aU of which Mortgagor hereby agrees 10 pay; permit no waste on said premisel;keep and mmply
<br />
<br />with all the agreemenls and conditions of Ihe Bond for S 33,600.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requiremenls of the Constitution and By.Laws of said ASSOCIATION; then these presents shall become null and void, othetwUe they
<br />sha1I remain in full force and may be foreclosed al 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 IIond;
<br />and Mortgagor agrees to have a receiver appoinled forthwith in such foreclosure proceedinll5,
<br />
<br />If there is any change in ownership of the real estate mortgaged herein, by oale or otherwise, then the entire remaining indebtedness hereby
<br />lCClued shaD, at the option of The Equitable Building and Loan ADocialion of Grnnd liland. Nebraska, become iJnmediItely 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.lIbaIl. flOlD the
<br />dlte of exercise of Wd option, belli' interest al the maximum legal rate, and this mortgage may then be forec1O!ed to satlJfy the amount due on 'aid
<br />bond, and any other bond for additional advances, logether with all sums paid by said The Equitllble Building and Loan AsIociatioD of GI'IJ1d bland.
<br />Nebraska for insurance, lUes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />IepI rate.
<br />
<br />As provided in the Bond Jecured hereby, while this morlgage remains in effect the mortgagee may hereafter advance additionallUlDS to the
<br />maIren of said Bond, their assips or successors in inleres!. which sums shall be wilhin the security of this mortgage the same u the funds origilllllly
<br />ICCIIIed t.henlby. the total amount of principal debt not to exceed at any lime the original amounl of this mortgage,
<br />
<br />Daledthis 25th day of May A.D,.1988
<br />
<br />~..,q) P! .~~~...,./L'/
<br />, R Ja tI
<br />,
<br />
<br />
<br />Pliy is Ann Jacqua
<br />
<br />STATI!OFNEBRASKA.l..
<br />COUNTY OF UAll. \
<br />Ule l!nde!SiJned.1 Notary Public in and for Wd County, penonallycame
<br />David R, Jacquart and Phyllis Ann Jacquart, each ln hlS and her own
<br />right. and as spouse of each other, who are penonally k-.. to
<br />
<br />_ to be thr idrntial penoDS whmc DlIlIC S are Iffixed to Ihe .bove lDstrume~lortll8llor S Ind they lCWnIIy
<br />
<br />lIdlnawledtied thr wd inlll'umenl to be the i r voluntlry Bct and deed, , ) ")
<br />WITNESS rny hand and Notarial Seal the ~Ile If<>relald (/ I
<br />
<br />Wy Corrunlnlon elOplre. <1- i P ~ :.;~~ 1../. 7..1
<br />
<br />f /
<br />
<br />011 lhi.
<br />
<br />25th
<br />
<br />day of
<br />
<br />May
<br />
<br />1988
<br />
<br />, before me,
<br />
<br />..n.BllU
<br />
<br />~.a:.WR:1
<br />
<br />7/~~~4V
<br />
<br />" ,
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