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IF
<br />MORTGAGE 87-:101868 See L 21,837
<br />MORTGAGE LOAN NO. L24,757 Add' 1.
<br />KNOW ALL MEN BY THESE PRESENTS: That Richard E. Hughes and TWyla B. Hughes each in his and
<br />her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Ter._ Thousand_ and no1100 ----- — r .or:
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 100 shads of stoic of
<br />said ASSOCIATION, Certificate No. L 24,757 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />The Easterly Twelve (12) Feet of Lot Four (4), and the westerly
<br />Sixty -Four (64) Feet of Lot Five (5), in Block Two (2), in
<br />Pleasant View Addition to the City of Grand Island, Hall County,
<br />Nebraska,
<br />- together with all the tenements, hereditaments and appurtenances thereunto behorumv including attached hoar coverings, all window scrxns,
<br />wintdow shades, blinds, storm windows, awnings, heating, air conditioning_ and phrrtbing and water equipment and accessories thereto, puraps. stoves.
<br />refrigerators, and other futures and equipment now or hereafter attached to or rased 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 ascents levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent: to fumah approved
<br />insurance upon the buildings on said premises situated in the sum of 510, 000.00 payabk to said ASSOCIATION and to de fiver to said
<br />P.SSOCIATION the policies for said insurance; and not to commit or permit arty waste on or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgam 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 dating 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 d for the purpose of repairing said premises and renting the same and collecting the resits, revenues and income, and it may pay our of said .. esire an expenses of repairing said premises and necessary income
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance rema ing, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these tights 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 baidditgs thereon in the sums of S1O, 000.00 payable
<br />to said ASSOCIATION repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with mteaest tat
<br />the maximum legal rate thereon from date of payment all of which MortzWor hereby agrees to pay. permit no waste on said ptemises;keep and comply
<br />with all the agreements and conditions of the Bond for S10 s 000 _ 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 ASSOC I ATIO\; then these presents shall become mull and void, otherwise they
<br />shall remain it full force and may be foreclosed at the option of the said ASSOCLAIiO after failure for three months to make any of said
<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 sx-h foreclosure proceedings-
<br />If there is any change in ownership of the real estate mortgaged bereft, by sale or otherwise, then the entire remaining indebtedness hereby
<br />sectored shall, at the option of The Equitable Building and Loam Association of Grand Jdand.Nebraska,become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bored for any additional advances made 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
<br />bond, and any other bond for additional advances„ together with all Rims d said The n Ass � amount die on sax,
<br />Nebraska for insurance, taxes and assessments, and abstract extension e Building g a� Loan �nt of Grad imam
<br />legal rate. abstracting , with interest thereon, from date of payment at the maximum
<br />As provided m the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional stns to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as th,: 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 1st day of April A. D.. 19 87
<br />K 1-7) Uno� t z
<br />TWyla 18. Hughes
<br />STATE OF NEBRASKA, i ss On this 1St day • of
<br />COUNTY OF HALL) April 19 &7 ,before one, came
<br />Richard E. Hughes and Ttayla B. Hughes, each inthis�anct ner Own right and as spouse off ea h
<br />other,
<br />who are personally known to
<br />me to be the identical persons whose names are affixed to the above instrument as mortgagor
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />WITNf -SS my hand and Notarial Seal the date aforesaid.
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<br />and they severally
<br />-1pr
<br />Notary Public- ._ -
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