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<br />88-4.03797
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<br />MORTGAGE
<br />
<br />MORTGAGE LOAN NO. HI
<br />
<br />886 FHA
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<br />KNOWAllMENBVTIlESEPRFSENTS:That Wayne A. Dreikosen and Bette L. Dreikosen, each in his
<br />and her own right. and as spouse of each other.
<br />
<br />Mortpgor, whether one or more, in consideration of the IUID of
<br />Two Thousand Eight Hundred Twenty Five and no/100 --------------------------------- DOLLARS
<br />
<br />loaned to aid mortpgor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortpgee, upon 283 shares of IIodt of
<br />IBid ASSOCIATION, Certifu:ate No. HI 886FHA, do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall COlmty, Nebraska:
<br />
<br />Lot Five (5) and the South Twelve (]2) Feet of Lot Six (6), in Block Fifteen (15), in South
<br />Grand Island, being a rectangular tract of ground having a West frontage of Seventy-eight
<br />(78) Feet on Locust Street and a depth of One Hundred Thirty-two (]32) Feet, in the City of
<br />Grand Island, Hall County, Nebraska, excepting therefrom a Tract of ground more particularly
<br />described in the Warranty Deed recorded at Book 165 Page ]9 in the Office of the Register of
<br />Deeds. Hall County, Nebraska.
<br />
<br />t,.ther with all the tenemenu, hcreditamcnts and appurtenances Ihercunto belonging, including athched floor cowrinp. all window -.
<br />window shades, blinds, storm windows, awnings, heating. au conditioning, and plumbing and water equipment and acc:eSlOries thereto. pumps.stoweI.
<br />refriFraton. and other fIXtures and equipment now or hereafter attached 10 or used in connection with said real estate.
<br />
<br />And whereas the aid mortpgor has agreed and does hereby agree thai thc mortpgor shall and win pay all taxes and .-uts Jewied w
<br />~ upon IBid p1emises and upon this mortgage and the bond secun:d Ihereby before the same shaIJ become delinquent; to furnish appnned
<br />illluranc:e upon the buildinp on aid premUes situaled in Ihe sum of S 2 . 825 . 00 payable 10 said ASSOCI" nON and to ddiwer 10 said
<br />ASSOCIATION the policies for said insuranc:e; and not to commil or permit any waslc on or abouI said prcmiJcs;
<br />
<br />In cue of default in the performance of any of the terms and conditions of this mortgage or the bond ICCUIed hereby. the mortppe shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby usigr.s, transfen and lets 0lI'e( to the
<br />mortptee "I the rents. rewnues and income 10 be deri..ed from lhe morlgaged premises during such time as the mortPF indebtcclnna shall remUI
<br />unpaid; and the moftfllllleC' shall hue the power ro appoint any agenl or agents it may desire for thc purpose of repairiD& aid premiaeI aDd renlilll
<br />the same and a>IIec:tin& the rents, revenues and income, and il may pay oul of said income all expemlCO of repairm,: said premiIes aDd neceaary
<br />COIIIIDissions and expenaes incuned in renling and managinr. the _ and of collecting rentals therefrom; the baIancc remaioin&. if any. 10 be
<br />IIppIied toward the disclwp: of said morl~ IOdebtedness; lhese rights of lhe mortpgce may be cxerclJed at any time dwiDB the eUslcoce of sud1
<br />default. irrespec:titoe of any temporary waiover of the same,
<br />
<br />~ Presents. howeover, are upon the Cundition, That if lhe said Mortgagor shall repay said loan on or before the maturity of said 1Itara by
<br />payment; pay monlhly to said ASSOCI A nON of the sum specified in the Dond secured hcreby as interest and principal on aid loaD. on or before
<br />the Twentieth day of each and every month. unlil said loan i1 fully paid; pay all tues and aur:ssments levied qainst said pn:miIes and on this MortpF
<br />
<br />and the Bond secured thereb)-. before delinquency; fumrm approved insurance upon lhe buildings lhereon in the sum of S 2,825.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by It paid fOl such tues, .-ntl and insurmce with mternl at
<br />the DIUimum kpl ralc lhereon from date of paymenl all of which MortPZOr hereby agrees to pay; permit no wule on aid premiaeI; keep and IlOIIIpIy
<br />
<br />with all the apeements and conditions of the Bond fOl S 2 . 825 .00 this day giwen by lhe said Mortp&Or to said ASSOCIATION. and IlOIIIpIy
<br />with aD the requirements of the Constitution and By-Laws of said ASSOCI A TION; lhen these praents shaIJ become null and wrid. othenrile they
<br />IhaD ICmain in full fOlc:e and may be fom:losed al the option of the said ASSOCIA nON after failure for three months to make any or said
<br />payments 01 be three moolhs in arrean in making said monthly payments, or 10 keep and comply with the agreements and conditions of said Bond;
<br />and Mortp&or agrees 10 ha"" a receiver appointed forthwith in sudl foreclosure proceedings,
<br />
<br />If there i1 any chanse in owoenhip of the real est:ale mortPFd herein. by sale or otherwise, then the entire rernainin& ~ hereby
<br />Ia:IIICd 1haD. at the option of The Equitable Building and Loan Association of Grand Island. Nebraska, become immediately due and payable without
<br />further noti<<, and'lhe amount remaininr, due under said bond, and any other bond for any additional advances made thereunder, shall, Iiwn die
<br />elate of exefl:iIe of said option, beat intetesl at the maximum Iep.I rate, and this DlOI"lpBe may then be foredoled to satisfy the IUIIOllIlt due CIII said
<br />bond,aDd allY otbet bond for additional.dvances, I..ther with all sums paid by said The Equitable Buildinr, and loan AIIodation of Grand 11Imd.
<br />Nebn*a for insunnc;Ie, lues and __nU, and ahstractinl exlension chugc:s, with interest thereon, from elate of payment at the muimum
<br />IrpI rate,
<br />
<br />As prowidert in the Bond IeCUfed bereb)-. while Ihis IDl>fl&qe remains in effect lhe mor\pf,'Ce may hereafter ad_oe additional _ to the
<br />...un of said 8ond. tbeir aaips or sucocsaon in interesl, which wms shall be within the ..,rority of this II'IOrtJlIIe the same u the fUDds onpaaoy
<br />__ thereby, the lotal amount of principal debl nut 10 exceed at any lime the original amount of lhis mortpBe,
<br />
<br />
<br />~~~JU~u A ...uSS.
<br />~~
<br />
<br />Bette L. Orei osen
<br />
<br />STATE Of NEBRASKA. t g.
<br />COUNn' Of' IIALl
<br />
<br />011 this 8th
<br />
<br />day of
<br />
<br />July
<br />
<br />19 88 ,before_.
<br />
<br />the under1iltned, I Notary Public an and fOl said Count)'. perIlmally C8fte
<br />Wayne ^, Ore i Kosen and Belt e l., Dr!' i kosen, ellch In hill and 11<! r uwn who
<br />II r!' penonaIly known 10
<br />r 19h1, and as spouse 0 reach othe r.
<br />_ to be the _nlical pt'I.,Jtl whole name s II r elm_WIn 110. abelve In'''lUntlll at rnortp,OI S
<br />
<br />aa.-~ 'be.... illllroment tl1 be the i r ...Iunul)' 11.1 and deed
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<br />MTNI'.sS my hand and NlltallaJ Stallb. dale oforeukl
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