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<br />MORTGAGE
<br />
<br />88-
<br />
<br />104154
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<br />MORTGAGE LOAN NO. HI
<br />
<br />884
<br />
<br />FHA
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<br />KNOW ALL MEN BYTIlESEPRFSENTS:That Ray T. Peters and Christina A. Peters, 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 IlIDI of
<br />Three Thousand and nollOO ------------------------------------------------------DOLLARS
<br />
<br />loaned to said mortJll8Or by The Equitable Building and Loan A.....,iation of Grand Island, Nebmlta, Mortpgce, upon 30 lltueaof IIOt:k of
<br />said ASSOCIATION, Certificate No.llJ 884 FHA, do hereby grant, convey and mortgage unto the said ASSOCIATION the foJlowiDa;
<br />described real estate, situated in Hall County, Nebraska:
<br />
<br />Lot Six (6), and the East One-Half (E~) of Lot Five (5), Dean's Subdivision, Hall
<br />County, Nebraska.
<br />
<br />IoFther with aD the tenements, hereditaments and appurtellJU\ccs thereunto belungmg, mcluding attached floor coverinp, aD wiDdow sa::em,
<br />window shades, blinds, storm windows, awnings, heating. air conditioning, and plumhinglnd wiler equipment and acaeuories thereto, putttpl.1loIa.
<br />refriFratoR. and other ftxlwcs and equipment now or hereafter Iltached to or used III connrclKlR wilh said real estate.
<br />
<br />And whereas the said mortgagor has agreed IJld does hereby agree thai Ihe mortgagur >It.1I and will pay aU taxes and a._ts IeYied ~
<br />~ upon said premises and upon this mortgage and Ihe bond secured lherelry before the same shall become delinquent: to fumiJh approl'Cd
<br />insurance upon the buildings on saidprcmisessitUllled in the sumofS 3,OOO.UO payable Iu said ASSOCIATION and to deliftr to said
<br />ASSOCIATION the policies for said in5W2llce: and nolto commit or permll any waste on '" ahoul said premi.,s;
<br />
<br />In ease of default in the performance of any of Ihe terms and conditions of this mortgage or the bond .,cured hereby. the mortpcee 1ba1I.
<br />on demand. be entitled to immediate possession of Ihe mortgaged premises and the mortgqor bereby assigns, transfeR and IICts cna to the
<br />mortJlllP aU the rents, revenues and income to be derived from tbe mortgaged premises durin& IUch time as the rnottpp iDdebtednea sbaU remain
<br />unpaid: and the mortgagee shall have the power to appoint any ascnt or agents it may desire for the purpo., of repairing said pmDiaes and RDliII&
<br />the IIIDC and coIIectins the rents, revenues and income, and it may payout of said income all expenses of repairinc said ptemiles and ~
<br />COIIItItissions and expen.,s ineurred in renting and managinglhe same and of collecting renlals therefrom; tbe balance remainin&, if any, to be
<br />apptied toward the diselwge of said mortgage indebtedness; these rights of Ihe mortgagee may he exereised at any time during the existeDc:e of SIIdl
<br />.setault, irrespective of any lemporary waiver of the same,
<br />
<br />1bese Presents, however, arc upon the Condition, ThaI if the said MorlgagOl shill repay said lOin on or hefore the mattuily of said shares by
<br />payment; pay monthly 10 said ASSOCIATION of the sum specified in the Bond secured hereby as inlerest and principal on said loan, on or befon:
<br />the Twentieth day of eaeh and every month, until said loan;" fully paid; pay a1llaxes and assessmentslevicdagainst said prembeundOll thisMOItIIF
<br />
<br />and the Bond S<<UlCd thereby, before delinquency: furnish approved insorance upon lhe buildings Ihereon in the sum of S 3,000.00 p&yabIe
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand.1I money by 11 I"'id fOl such taxes, assessmenls and insunDce with interest at
<br />the muimum legal rate thereon from dale of payment all of which Morlgagor hereby opee. 10 pay; pennit no waste on said premises;keep aDd oompIy
<br />
<br />with aD lhe agreemenu and conditions of the Bond for S 3,000.00 this day given by Ihe said Mortgagor to said ASSOCIATION, and mmpIy
<br />with all the requiremenls of the Constitution and By.laws of said ASSOCIATION; then these presents sha1I become null and void.otherwiIIC they
<br />sha1I remain in full force and may he foreclosed at Ihe option of the said ASSOCIATION after failure for three mootm to make any of said
<br />payments or be three monlhs in arrears in malting said monlhly payments, or 10 keep and L"Omply with lhe agreements and conditions ofsaid 1Iond:
<br />and Mortgagor agrees to have a receiver appoinled forthwith in such foreclosure proceedings,
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<br />If there is any change in ownership of the real estale mortgaged herein, by sale or otherwise, then the entire remainiu& ~ berdIy
<br />sec:ured sha1I, at the oplion of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and.-Yable without
<br />further notice, and the amount remaining doe onder said bond. and any other bond for any additional advances made thereunder,1ha1I. from the
<br />date of exercise of said oplion, bear interest at Ihe maximum legal rate, and this mortgage may then be foreclosed to satisfy the _ due on said
<br />bond,and any other bond for additional advanccs, together with all sums paid by said The Equitable Building and Loan Aaoc:iation ofGtand ldand,
<br />Nebra*a for insurance, laxes and assessments, and abstractins extension charges, with interesl thereon, from date of payment at the muimum
<br />JepI rate.
<br />
<br />M provided in the Bond secured hereby, while lhis mortgage remains in effect the mortgagee may hereafter advance addiliona1 SWDI to the
<br />makers of aid Bond, their assigns or successors in interest, which SU/Jlll shall be wilhin Ihe securily of this morf8aBC the same u the funds oripna1Iy
<br />aec:ured thereby, the total amount of principal debt nolto exceed al any time the origmal amounl of this mortgage.
<br />
<br />Daled this 1 st. day of July A, D" 19 88
<br />
<br />~,-;-~
<br />)< f1.lifJ*};...te;:a,.:krAJ
<br />
<br />Christina A. Peters
<br />
<br />STATE OF NEBRASKA,l IS,
<br />COUNTY OF !fALL {
<br />
<br />On this
<br />
<br />fi rst
<br />
<br />day of
<br />
<br />July
<br />
<br />19 88 ,beforemc,
<br />
<br />Ray T. Peters and Christina A, Peters,
<br />, right, and as spouse of each other,
<br />me to be the idenlical perlOns whosemmes are arnxed to th. above instrument IS mortr,agor S
<br />
<br />lIdtnowJedBed the said instrument to be the i r voluntary acl and de,."
<br />WITNESS my hand and Nota,ial Seallhe dale or",eaald
<br />
<br />My Commission expires / / - e,{ l-/'tf
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<br />the underllgned, I Notary Publie in and for said County, perlOnaUycame
<br />each in his and her own who are persona1ly known to
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<br />and
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<br />they severa1ly
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<br />IlIIMi 1II""~.tl" If ......
<br />JOANNE G. ROUSH
<br />"" Cowl... EIp. Nav, 25. 1111
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