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<br />87. 101356 .
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 24#750
<br />KNOW ALL MEN BY THESE PRESENTS: That ;lack Thompson and Debra R. Thanpson, each in his and her
<br />own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the anm of
<br />Thirty- -Seven Thousand and no /100---- - -----
<br />loaned to aid nKwtpgatr by The Equitable Building and Loan Association of Good Island, Nebrsdn, Mortgagee, upon 370 shames of - I Of
<br />said ASSOCIATION, Certificate No. L 24,750 , do hereby grant, convey and mortgage unto the said ASSOCIATION the folowiaE
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Fifty (50), in West Lawn, in the City of Grand Island, Hall County,
<br />Nebraska,
<br />together with all the tenements, hereditaments and appuricnamecs thereunto belonging, including attached floor coverings, an window sraeem,
<br />witdrnv shades, blinds, storm windows, awnings, heating, air conditioning, and Aumb* and water equipment and accessories thereto, putps,satovex,
<br />refrigerators. and other fixtures and equipment now or hereafter attached to or used to 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 assr.®enu levied or
<br />assessed upon said premises and upon this mortgage and the bond secured therrbv Fore Ile same shall become delinquent; to fianish approved
<br />insurance upon the buildings on said pretnies situated in the sum of S 37, 000.00 payable to said ASSOCIATION and to deliver to slid
<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 mortgpge or the bond secured hereby, the mortgagee shalL
<br />on demand, be entitled to immediate possession of the mortgaged premise` and the r_torinnor hereby assilpts, transient and sets ove, to the
<br />mortgagee all the rents, revenues and income to be derived from the rnortpVcd premises during such time as the mortgage indduedoess st a8 rttma
<br />unpaid; and the mortgagee shah have the power to appoint any agent or agents a may desire for the purpose of repairing said premiss and renting
<br />the same and coilectitg the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and accessary
<br />commiawm and expenses incurred in renting and managing the same and of cotlectiag rentals therefrom; the balance rentaia�, if any. to be
<br />applied toward the discharge of said mortgage indebtedness: these rights of the mortgagee lay be exercised at any time during the exatetace cdmrb
<br />default, "irrespective of any temporary waiver of the same.
<br />Tbese Presents, however, ate upon the Condition. That if the said Mortgagor shall repay said loan on or before the maturity of said shorts by
<br />payment. pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said lamm. an or before
<br />the Twentieth day of each and every- month, until said ban is fully paid; pay all raze and assessments levied against said pr and as this Wkwtppc
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon m the sum of S 37 , 000.00 payable
<br />to aid ASSOCIATION: repay to said ASSOCfAT10N upon demand all money by it paid for such taus, assessments and iostmnce with anon test at
<br />the maximum legal rate thereon from date of payment an of which MortPF" berebv agrees to pay; permit no waste oar saw preaases; keep and comply
<br />with all the agreements and conditions of the Bond for $37, 000.00 this day grab+ by the said Mortgagor to said ASSOCIATION, and canapily
<br />with all the requirements of the Constitution and By -taws of sad 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 n ake any of toed
<br />Payments or be three months in arrears in making said 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 foredosve ptooeedings.
<br />I f their is any change in ownership of the real estate mortgaged heron, by ale or otherwise, then the entire temimoog mdebtedsrs hereby
<br />scored stall, at the option of The Equitabk Building and Lean Association of Goad Island, Nebraska, became immediately due and payable withom
<br />further notice, and the atttoant remaining due under said bond. and arty other bond for any additional advances made tbemander, tthal, frurat the
<br />date of exercise of laid option, bear interest at the maxim rm legal rate, and this mortgage tiny then be foreclosed to atisfy, the as nomm due m aid
<br />bond, and any other bond for additional advances, together with A sums paid by sad The E*raable But and Low Aaocation o(Grmd Islimd
<br />Nebraska for ®nuance. taxes and assemmenta, and abstracting extension charges, with interest thereon, from date of payment at the
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortpgee rttay hereafter advance additional sums to the
<br />makers of said Bonet, their assigns or successors in interest, which sums shall be within the sectaity, of this mortgage the sasrc as the fans originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mottgat.
<br />Oatcd this f 9th day of March A. D., 39 $7
<br />/1
<br />J Tr v
<br />rsC`>'t
<br />trenra R. Ii
<br />STATE OF NEBRASKA,
<br />COUNTY OF HALL n. On this 9th day of March 19 R7 ,before me,
<br />Jack `t and Debra R. Than '� a Notary Public in and for said County, personally came
<br />Jack Thompson Thompson, each in his and tier man right who and as spouse of each
<br />are personally known to
<br />me to he the drntical person S whenc name S are affixed to the above instrument as trortWor g and they severalty
<br />acknowledged the nod instrument to be their vohmrary act and deed. ///'''
<br />WITNf.S.S my hand an-! Notarial Seat the date akresmd, �,__../� ,
<br />Myt - omntsatu_+nexpuea i ,/
<br />wzarivat IHClttxeI.,KtNMtN 11 NOWyPnhix:
<br />"3 ? "e Mr tam ; Irp [.tc tl, 1987
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