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87- 100502
<br />MORTGAGE _ See L 20.303
<br />MORTGAGE LOAN NO. L 24,733
<br />KNOW ALL MEN BY T IFSE PRESENTS: That Rosalene J. Huffman, a single person,
<br />Mongtegor, whether one or more, in consideration of the sum of
<br />Thirteen Thousand Five Hundred and no/ 100---------------------------- - - - - -- --SRS
<br />lamed to said mortggor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 135 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,733 . do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />descried real estate, situated in Halt County, Nebraska:
<br />All of Lot One Hundred Twenty Seven (127) and the :North Twenty
<br />Four (24) feet of Lot One Hundred Twenty Eight (128) of
<br />Hawthorne Place, an addition to the city of Grand Island, Hall
<br />County, NE
<br />together with all the tenements, hereditaments and appurtenances thercurito belonging, including attached floor coverings, all window Screens,
<br />window shades, blinds, storm windows, awnings, heating, au conditioning, and plumbing and water equipment and accessories thereto, pumpsf stoves,
<br />refrigerators, and other fixtures and equipment now or thereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 13 500.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<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 shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee 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 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 necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness: these rights of the mortgagee may be exercised at any time during the existence of rich
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of 5 13, 500.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all [Honey by it paid for such taxes, 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 Bond for S 13, 500.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; 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 months to make any of said
<br />payments or be three months in arrears in making said monthly payments, w 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 therein, by sale or otherwise, then the entire retraining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said Fond, and any other bond for any additional advances trade 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 />bond, and any other bond for additional advances, together with 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 herby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of saki Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this 23rd day of January A. D., 19 87
<br />sin eve
<br />�lat2Sd
<br />r
<br />STATE OF NEBRASKA, ss On this 23rd day of January 19 87 , before me,
<br />COUNTY OF IIALL
<br />the undersigned, a Notary Public to and for said County, personally came
<br />L Rosalene J. Huffman, a single person,
<br />who is personally known to
<br />me to be the identical person whose [ante is affixed to The all,tve insttutteent as rnurtgagot and she severally
<br />acknowledged the said instrument to he her volutttal% ' t and deed.
<br />WITNESS my harta and Notarial Suet the ri -site afore. a,a -
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<br />My {'utnnhirirm rtipire
<br />e
<br />rote.aer Rr ...'tiotary Public
<br />a tItBHILL WON 0, R / SH
<br />.�►C'gNE Q IiOUBM�
<br />My Ca? . Ew tov 25. !lNA
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