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MORTGAGE 87-101279
<br />MORTGAGE LOAN NO. L 24.L747
<br />KNOW ALL MEN BY THESE PRESENTS : That Gregory A. Hopkins and Gale R. Hopkins, each in his
<br />and her own right and as spouse of each other, M- tMor, whether amor mom, in consideration afdoamof
<br />y Thousand cad nil 100 ------ --- --- ---- ----- --- ------- --- --- D(}►IaRS
<br />bared to said mortgagor by The Equitable Buildtug aid Loan Association of Grand Island, Mebrarta, Mortgagee, repro 500 shares of stone of
<br />said ASSOCIATION, Certificate No. L 24, 747 , do hereby grant, —Vey and mortgage unto the said ASSOCIATION the fea wing
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Seven t7 ?, Westroads Estates Third Subdivision,
<br />Hall County, Nebraska.
<br />together with all the tenements, hereditantents and appurtenances thereunto belonging
<br />window shades, blinds, storm windows, awnings , including attached floor coverings, an window saeeas,
<br />refrigerators, and other fixtures and equipment or hereafterattacl d ro o< s connection with said real estates thereto pumps,
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor strait and will Fay all taxes and assessments kvbd or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent. to furnish appromd
<br />ASSOCIATION the buildings on said premises situated in the sum of S 50, `000.00 payable to said ASSOCIATION and to de ises to said
<br />Policies for said irsurana; and not to commit or permit any wee on or about aid premises:
<br />In case of default on the performance of any of the terms and conditions of this mortgage or the bond sectored hereby, the mortgagee shall,
<br />demand, be entitled to immediate possession of the mortgaged pricin and the mortgagor hereby assigns, transfers and sags am to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premves during such time as the mortgage indebtedness sfa� rem
<br />unpaid; and the m ortgagoe shall have the power to appoint arty agent or agents it may desire for the purpose he repairing sad premau snail ,eating
<br />the same and collecting the rents, revenues and mrnme, and it may pay out of said treadle tII expemes oil' repairing said premises and y
<br />commissions and expenses incurred in renting and managing the write and of
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgage, restate therefrom: the balance d ing the ex if any, s be
<br />default, irrespective of any temporary waiver of the same. exercised any time during the e d starfi
<br />These Presents. however. are upon the Condition, That if the said Mortgapa; shaft repay said ban on or before the maturity of said shares 1 y
<br />Payment; pay monthly to said ASSOCIATION of the sum specified in the Bond seared hereby as interest and principal on said lama, on or before
<br />the Twentieth day of each and every month, until said krau 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 thebuildings thereon in the sum of S
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all 50, 000.00 payable
<br />the maximum legal rate thereon from date of h re it paid for ay; taxes, o wage and ininises a with d comp at
<br />payment all of which Mortgagor hereby agrees to pay; permit no waste om said Prcmiges;tuxP and comply
<br />with all the agreements and conditions of the Bond for S 50, 000.0? this day green by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -tsws of said ASSOCIATION: then these presents spun become null and void, otherwise they
<br />shag remain in full force and may be foreclosed at the option of the said ASSOCIATION after faidure for three months to make any of saw
<br />payments or be three months 'car arrears In making said mertthl} payments, or to keep and comply with the agreements and conditions said Bond -
<br />and Mortgagor agrees to have a receiver aPpornted forthwith u. suet foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining 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 date ur:;er aw bond, and any other bond for arty additional advances made thereunder, shin, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may than be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sums Paid by aid The Equitable Raiding and Loan Assoaatbn of Grand Island
<br />Nebraska for insurance, tames and assesuacros, and abstracting extension charges, with Interest thereon, from date of
<br />legal rate. payment :t the nnrcimrm
<br />As provided in the Bond seemed hereby, while this mortgage remains it effect the mortgagee may hereafter advance additional sum to the
<br />tinter of said Bold, their as signs or successors in interest, which sums shall be within the security of this mortgage the same as the funds origimEly
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage the
<br />this 4th day of March A.D.. 19 87
<br />pa -tit
<br />S(ATF OF NEBRASKA,t
<br />COUNTY OF BALL s ffi On this 4th day of March 19 87 , before me,
<br />the undersigned, a Notary Public in and fw raid County, personally Aire
<br />Gregory A. Hopkins and Gale Ti. Hopkins, each in his and her own r - and as sppo� Se of
<br />each other, r4 ht Per>�Bylenowrto
<br />me to be the Identical pttam s whose !tarne s are affixed to ti;e above instrument as mortgagor S sad they rrseraBy
<br />acJotmwtedscd the stud inslrwutput to be 11 -t7ei t' vrrluntvy ace .cad deed.
<br />WITNIV; WY hand and Notual Scar ,ire date almesaw.
<br />MY Commission expiiei �. -
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