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tolOR1t;AGI' -1-05461 MOR1t:AGI, LOAN NO, HI B91 KNOW ALL IU:N BV nmSF. PRESENTS, 'l1>a' Barnard L. McGahan and Csrol A. McGahan, each in her Own right, and as spouse of each other, 83 FHA his snd MortPBOf. whether one or more. in consideration of the lWDor Six Thousand and no/l00 ------------------------------------------------------------OOlLARS loaDed 10 said mortgqor by n.e Equitable BuiJdinl and Luan ADodation of Gruld Island, Nebna*a. Mortp.zee. upon 60 dwcs of Iloct or said ASSOCIATION, Certirocate No. III B91 FHA. do .....by gnml. eonYO}' and "",nEll!" onto .be aid ASSOCIATION IIu: followtPa described real e:ble. Eiluated in IhlJ County. Nebl2Sb: Parcell: Lot Three (3), Block Eighteen (lB) , Schimmer's Addition to tha City of Grand Island, Hall County, Nebraska. Parcel 2: Lot Six (6), Block Eightean (lB), Schimmer's Addition to tha City of Grand Island, Hall County, Nebraska. loFtb:r widl aD the tenements, hereditaments and appurtenances thereunto belonging, including attached noor coverinp. all window screens, window shades, blinds, storm windows. 3WlUDg!.. ~hng. air cllndil1onmg.and plumbing and water cquipmenl and .ccessories thereto. pumps. stma, refri&eBlors. and other fixtUJ"Cs and equipmenl now or hc:rc.after altached to or used in oonneclion with said real eslale. And wberas the said mortgagor has .yced and dOCfi hereby agree lhal the murtgagor shall and will ply aU lUes and UlCDlDCDtllcYia1 or =l%U~~ ~eP~~n::p ~~ ~np~;~~:::~~~ :~~ ::~~;;1I:~b~~8o before ~~~b~O ~~ b~~~~~Ut~~ ASSOClA nON the policiet for said inmrance; and nol to rommil or pcm1il any waste un or about said premix:s~ In cue of defaull in the. performance uf any of the lernu and cundiliom of tJus mortgage or the bond 1ICc;wed hereby 1 the rnortpBee 1haI1. on demand, be cnlilled to immediate poucssion of thc mortpgcd premises and the mortgagor hereby assigns, traosfcl3 and .:15 Oyer to the morlpp aU the ren15, revenues and income to be derived from the mortgaged premise1 durirq; such tUnc u the morlglF indebtedness IbalI temaiD unpaid; and the mortpgcc shaD hD"e the power to .appoint any agent 01 agents it may desirc for the purposc of repairiDr: aid premises and rentina lbe amc and roUcctin~ the rents, rncnues and income. and it mlY payout uf said income aU expemcs of repairina: aid prcmilcs and neceauy cmnrniaiom and expenses incuned in rcotIDz and 1IWllI~ the same and of roUecting rentals therefrom; the balance remaininl. if any. to be applied toward the discharge uf said mortg28e indebtedness: these rights of Lhc mOlt~gec may be exerciJed at any time during 1M existence of such default. irrespedM of any lempol2t)' waiver of lhe same. ~ Pre!lenls. ho~. arc upon the Condilion.11la1 if thc said Mort&2J:OI shalllcpay said loan on or before the maturity of aid shares by paymmt; pay monthly 10 wd ASSOCIATION of the sum specified m Ihe Bond secured hereby as interest and principal 00 said loan, on or before the Twenliethday of each and every month. until said Imn is fully paid; pay all taxes andassr:ssmen15lcYied~ said premiJcl and on this MortpF and the Bond llCa.lled thereby, before delinquency; fwnish approved insurancr upon the buildings lherean in the rum ofS 6,000. DO payable 10 said ASSOCIATION; repay 10 said ASSOCiATION upon demand all money by II {Qid fm such taxes, UlCSllDCnts and insunncc with interest al the maximum.1 ra1e thereon {rom dale of payment aU of which Mongagor hereby agrees 10 pay; permit no waste on said premises; keep and a>mply ::~~ ~ ~~~f~d~~io.:i~t~::::~~~ws~I~O~:~~~;gt= ~~ ;~~o~D~::dn~~~~:~;=_= shall remain in full fOlce and may be foreclosed althe option of the said ASSOCIATION after failure fOl three months to make any of aid pl)'lDmlti or be three months in arrears in making said monlhly plyments, or lo keep and comply wilh the agrcctm:nts and conditions of said Bond; and MDrlPB01 agrees to N.'\Ie a receiver appointed forthwith in such foreclosure proceedings. If 1btrc is any ~ in ovmenhip of Ihe real CSlaIe rnortp&cd ~, by sale: or otherwile, then the cntire rcmain..inI indebtednea br:reby ICICUTCd man, allhr opIioo Df The Equi~b1e Building and Loan AsIocialion of Grand Island, Neb....... become immediately due and payahJc without r~ DlJticz. and lhe UlPUDI rernaininz due under said bond, and any other bond for any additiDnaladVIDCCS made lbercundcr.1IWl. from the date of ~ of aid optioD. bear interest at the nuximum legal n.le~ and thi! mortpge may then be forecloled to .tiDy the IIDOUIII due on aid boad,and my _ bood for additional adwuu:es.lag<lhct wilb oJ] sums paid by SlIid The EquiUble Buildin& and Loan _.ion ofGnnd IsIIlld. NeIJrab for inJuqnc:c~ taxes and aa::smacnls,.md abstnctin& extension charges, wilh interest thereon, from dale of payment al the maximum Iepl ..... As provided in the Bond ICCUred heTcby, while this mortpsc remains in effect lhe: mortgagee may hereafter arlvaru;z additional SlUDI to lhe agken of said Bond. their..ens 01 n in mtercst. which sums shaD be withtn the securily of this mortgage the same u rhc fundi ofi&inally lhereby, the total amount 0 debt nol to cu:eed al any lime the original amounl of this mortgage. 11m 4 Octobar A. D.. 19 S8 Carol A. McGahan STAlE OF NEBRASKA. I'" COUNTY OF HALL On 11m 4th day of October 19BB . bcr""'.... the unde~.1 NOLary rublic in and for laid County. ~y carne Bernard L. McGahan and Carol A. McGahan, Bach in his and her own right 1 and as spouse of each other who are penonaIJy k.nown 10 DE to be the IdmticaJ pcnons .hOE nameS are affixed tv the abuVI:' tnStfj mortgagor 5 and they snetally ackDowk:dFd tht SlId mstrwnenl 10 be the ~r -.olunl21}' ad and deed ~ Wr'rPl1:5S my hand and Nowul Satlbe datt afores;ud ~ N, '"''''''''''''''"'1''''' 9-1_ F'J '~' L----~? .h:..> L .t:;' ....., n--:.-..:.=-I ~ -7 ~~I'UhoY l* ."1::... 1Il"-