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MORTGAGE 87-- 101043
<br />MORTGAGE LOAN NO. L 24 738
<br />KNOW ALL MEN BY iiiESE FRESENTs: That Charles E. Htsniston and Edith E. Humiston, husband and
<br />.;fe, and hire Garrett and Delores K. Garrett, husband and wire,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty Two Thousand Eight Hundred and no/ 100--------- --------------------- -_ -- -�
<br />loaned to said mortgagor by The Equitable Building and Lean Association of Grand Island, Nebraska, Mortgagee, upon328 shares of stack of
<br />said AS- SOCIATiON. Certificate No. L 24,738 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />. wain-; tall �Aatc, situated in hall County, Nebraska:
<br />Lot Twelve (12), of Ed Ross Subdivision No. 3, of a part of the
<br />North Half of the lbrthwest Quarter (ice :s'� } of .,, --.. -' .-�� - `-
<br />ts
<br />Seven (27), Township Twelve (12) North, Range Nine i9 } Jest of
<br />the 6th P.M., Hall County, Nebraska.
<br />together with all the tenenxnts, hereditaments and appurtenances theteonto belonging, including attached door coverings, all window swears,
<br />wmndmw shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stows,
<br />refrigerators, and other futures and equipment now or hereafter attached to or used in connection with said real estate_
<br />And whereas the said mortgagor his agreed and does hereby ago 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 />at>mance upon the buds ings on said pnmises ntuated in the sum of S 32 T 800.00 payable to said ASSOCIATION and to deliver to via
<br />ASSOCiA71ON the policies for said incur vx: a :rri —. to commit or peraut any waste on or about said premises;
<br />In awe 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 entttled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfer and sets over to the
<br />mrietswe all the rents, revenges and incorm to be derived from the mortgaged premises during such time as the mortgage indebtedness shag 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 reciting
<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 remaittirtg, if any, to be
<br />applied award the discharge of said mortgage indebtedness: these rights of the mortgagee may be exercised at any time daring the existence of st:ch
<br />irrespective of any temporary waiver of the sane.
<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 stun specified in the Bend seemed hereby as interest and principal on said lean, on or before
<br />the Twentieth day of each and every month, until said loan is fully, paid; pay all taxes arid assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency: furnish approved msuran v upon the buildings thereon in the sum of S 32 t 8Q4.OLt payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and ins•„ancie 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
<br />oompty,
<br />with all the agreements and conditions of the Bond for S 32, 800.00tha 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 shaU become null and void, otherwise they
<br />sir$ remain in full force and may be foreclosed ale the option of ;lr_ said ASSOCIATION after failure for three months to take any of said
<br />payments or be three twn hs m meats in making and monthly payments, 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 foreclosure proceedings
<br />If there is any change in ownership of the real estate mortgaged herein, by safe or otherwise, then the entire remaining indebtedness hereby
<br />secured shali, at the option of The Equitable Building ana loan Association 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 advances trade thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maxmsum legall rate, and this mortgage ray then be foreclosed to satisfy the amount due on said
<br />bond,and any other bond for additional advances, together with all sumo 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 naximwn
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortg,alee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successor 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 />t� 3AtY 4aY.=f._. February A. D-, 14 87
<br />STATE OF NEBRASKA, t On this
<br />COUNTY OF HALL ` Y 3rd day of February 19 87 , before me,
<br />the undersigned, a Notary Public in and for said County, personally case
<br />Charles E. Htuniston and Edith E. Humiston; and Mike Garrett and Dei,res K. Garrett each in
<br />his arxi her own right and as spouse of each other w ° are penrsiahE'y knows to
<br />me to he the identical person S whose none s are affixed to the show instrument as rrortgagot s and they seven ly
<br />acknowledged the said instrument to he their voluntary act and deed. .t
<br />~ WITNISS my hand sand Notarml Seal the date sfotessid
<br />s
<br />My p (�L.� l ; 19$ 7
<br />M C'nmmrssvonst ues
<br />fctMTHO� Aav -Star si Metri+ta _- - -_
<br />usiatra at - AS f K1NtrsAN, if
<br />'v Mary P'ub'lic
<br />?y ^ NP tr'( it 1 441
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