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87-100407
<br />MORTGAGE
<br />— MORTGAGE LOAN NO. L 24,730
<br />KNOW ALL MEN BY THESE PRFSFNTS: That John A. Heuer and Darlene L. Heuer, each in his and her
<br />own right and as spouse of each other,
<br />Fifty Four Thousand Three Hundred and no/100 - - -- -Mort _whether one or more, in consideration of the sran of
<br />_� - -- - –DOLLARS
<br />low" to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 543 acmes: of stock of
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<br />Skid ASSOCIATION, Certificate No. L 24,730 1 do hereby grant, convey and ortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Three (3), Colonial Estates Third Subdivision, to the City
<br />of Grand Island, Hall County, NE.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, beating, air conditioning,and
<br />4
<br />plumbing and waterequipment and accessories themto,pumQz,stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />All
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay an taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the become
<br />j,
<br />same shall delinquent-, to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 54, 300.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or
<br />permit any waste on or about said premises;
<br />F
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<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shah,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby
<br />assigns, transfers and sets over to the
<br />mratgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the
<br />power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and «oby
<br />commissions and expenses incurred in renting and
<br />>fL
<br />managing the same and of collecting rentals therefrom; the balance re
<br />applied toward the discharge of said mortgage indebtedness; these rights of the morn remaining, t any, to be
<br />default, irrespective of an tent B BaBce �Y be exercised at any time during the existence of such
<br />� y temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan an or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby s interest and
<br />Y t
<br />prim p
<br />the Twentieth day of each and every month, until said loan is fully id;
<br />on said loan, on or rtgage
<br />pa pay all taxes and assessments levied against said remises and on this Mori
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 54, 300.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes,
<br />assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises;keep and comply
<br />with all the agreements and conditions of the Band for S 54, 300.00 this day giver. by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By of ASSOCIATION;
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<br />said then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three
<br />months to make any of said
<br />payments or be three months in arrears in making said monthly payments, cur to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire retraining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association
<br />of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional
<br />advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />botd,and any other bond for additional advances, together with
<br />all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mengage remains in effect iltc mortgagee tnay hereafter advance additional sutras to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security (if this
<br />mortgage the same as the funds originally
<br />aeeured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />ed this 3rd day of January A. n., 19 87
<br />n e
<br />STATE OF NEBRASKA, t
<br />COUNTY OF ilALL
<br />T(ss On this 23rd day of January 19 97 ,before me,
<br />t he, uudetsigned, a Notary Public in and for said County, personally came
<br />John A. Heuer and Darlene L. Heuer, each in his and her own right
<br />arld as opouse of each
<br />other, WHO e personally known to
<br />me to be the identical person s whose name 3 are affixed 1" the above instrwrtent as mortxagor s and they' severally
<br />acknowledged the said instrument to ire their vuhunaty act and deed.
<br />WITNY.SS my hand and Notarial Scai tht bate iti..rsaid.
<br />My t,mmnivsion es 1 Tires
<br />to ltakM Of
<br />C <'�' Nolary itublic
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