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MORTGAGE 100586 34 lal
<br />MORWAGE LOAN NO, 7. 24, 73,4
<br />MWAUM"BYIT'�SE PRESENTS: Tlml Lawrence L. ray and Beverly M. 5r�_y, each in his and
<br />her Own right and as spouse --f each other,
<br />Twenty Five Thousand ana Mort"or, whether one of more. in consideration of tM tam of
<br />DOLLARS
<br />Immad to said MWW4w by 71e Equitable Building and Low Asa MUM ofCaund Island, Nt6radia, Mortgagee, up- 250 *am of stack of
<br />"al ASSOCIATION. Certificate No. L 24,734 , do hereby Sant, convey and mortgage sato
<br />dMICTIMMI led estate, aileated in HO County, Ne*2&3- the Said ASSOCIATION the k4oarft
<br />A,
<br />Three i3 j, 1n Block Two (2',, in Wieser Sutdivis-ion of the
<br />WeSL Half of The Scut] -fjest Quarr-er (W27SWt_) Of sectior, Two (2),
<br />1 _- -
<br />I 0-i-siliP --leven (11 i North, Range '.en jio, west of the 6th
<br />F.M., -Hall Courty, Nenraska.
<br />tuMathet with all the Icnements, heredflaments and appurtenances thCreuW10 belonging, including attached floor oovenaga window CBS,
<br />window shades, bbn&, storm windows, awnings, heating, a , an sue
<br />IT CORdituming, and phuribing and water equiptnent and accessories thereto, pumps, stoves,
<br />rdr*Mators, and other fimuses and equipment nOw Or hereafter attached W or used An connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and WO pay All tam and assessments levied or
<br />amemd ulxm said premises and upon this mortgage and the bond semired thereby before the f
<br />same shall become delinquent: to urnash approved
<br />mwAanm upiAn the buildings an said pretties situated in the sum of S 25, 000.00 payable to said ASSOCIATION and to deliver to anij
<br />ASSOCIATION the policies for said issurimcc-, and not to commit or permit any waste on or about said premises;
<br />In caw of default in the PcrfOFMNDM 01'any of the terms and conditions of this mortgage hereby, of the bond secured her . the mortgagee cm demand, be entitled to Ammediate possessaim of the a"tgagad premises and y assigns transfers and over the mortMot hereby sets ov to the
<br />smar4ppe all the rents, revenues and mcome to be derived from the mortgaged premises during such time as the nKwtgW indebtedness Ann remain
<br />unpaid, and the mortgagee shall have the power 10 appoint, any agent of agents it may for the of re s
<br />the mate and cuBectosig the rents, revenues and mc, -site Purpose Pairmig said kw and renting
<br />coammmons and expenses incurred An "se. and it 710Y Pay Out of said income all expenses of repairing and premises and necessary
<br />Tenting and numgmg the same and Of collecting rentals therefrom; the balance jem,,mug, If 8". to be
<br />applied toward the discharge of said mortgage ytdebtedness; these rights of the mOrt9WC May be exercised at any time during the existence of such
<br />delildt, irrespective of any temporary waiver of the sum.
<br />Thew Pre eats, however, Are upon the Condition, That if the said Mortgagor shall relay said loan on or before the maturity of said sham by
<br />Payment; PRY Monthly to said ASSOCIATION of --be suT.-- sP=Wwd 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
<br />secured thereby, before delinquency. furnish approved
<br />munwoe, upon the bald ings thereon in the =in of$ 25,000." payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upw demand all money by it paid for such U=, X=Mioeuts MW iseamiscie with insmett at
<br />the ustioni'm 'egg 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 S251 D00. DO this day given by the said Mortgagor to mid 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 />dull regain in fail 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 payineuts, or to keep and comply with the agreements and conditions of said Bond,
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclonim proceedings.
<br />If there is any change in ownership of the jell estate mortgaged herein, by
<br />wcwed Shall, at the option of The Equitable Building and LAm Association of Grand sale of otherwise, then the entire le"Aamaig indebtedness haebv
<br />Island. NebraskAl,beaDum, Steely due and payable wit"
<br />further notice, and the amount remaining due under said bond, and any other bond for any anal advances made thereunder LWL the
<br />date of exercise of said Option, bear interest at Lh addit: , al trom
<br />e maxAmum, legal rate, and this mortgage may then be foreclosed to us y the
<br />bosid• and any other bond for additional advances, tofetlACI with all sums paid by said 7be Equitable Building and Loan tisf amount due on said
<br />Nebraska for insurance. tuft and assessments, and abstracting extension charges, -Association ol-Grand island,
<br />30511 rate. with Mitcreg thereon, from date of payment at the maxiams,
<br />ataicers As provided in the Bond secured hereby, while this mortgage remains in effect the y hereafter advance additional sums the
<br />of said Bond, Anortgagee ma 10
<br />their assigns Or successors it: interest. which Rum shall be within the security of this mortgage the same as the funds orgiM4
<br />secured thereby, the total JUTIOUni 4 principal debt not to exceed " any time the OT*uW amount of this morigap.
<br />ry A. D_ 19 87
<br />STATE OF NEBRASKA,? is M this 26th day of January
<br />COI NTY OF HALL 19 87 , before me.
<br />the undersiltned, a Notm. Public An and for said County. personally came
<br />her L. nls ne- 0,14n rIC_'14.,�1 as spl,,�,
<br />art pe
<br />AMC to be the nimUcall person 3 svS wname s
<br />and wverally
<br />acknuivlodpd the r
<br />midinmiunvowtobe v0iurtary w-1 and deed.
<br />W]INISS my !WW And NCTaruil date alorr",a,d
<br />My t'c,rssxaaiasn:.r, Dec 11, 1987
<br />-ilvxq�i
<br />WMVA ICA A j `N11 Puhijw
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