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87-- 102209
<br />MORTC.AGE
<br />MORTGAGE LOAN NO. L 24,762
<br />IDIOW ALL MEN BY THESE PRESENTS: That David L. Larson and Catherine M. Larson, each an his and
<br />her own right and as spouse of each other, Mortgagor. whether one a more, in of the man of
<br />-- .—nty— -------- -- — - -- - - --- — — — — — — -
<br />lonaed to mid MDdMw by The F.quitabe Budding and I.dM Association of Grand Island, Nebraska, Mortgopoe, upon —290 s of react of
<br />said ASSOCIATION, Certificate No. L 24,762 , do hemby grant, convey and nxmtW rata the MW ASSOCIATION doe following;
<br />dewaibed rent estate, mated in Nag County, Nebraska:
<br />Lot Ten (10), in Eagle Lake Estates Subdivision,
<br />Hall County, Nebraska,
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used 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 assessments levied or
<br />amemed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approval
<br />insurance upon the buildings on said premises situated in ale sum of $ 29, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and net to commit or permit any waste on or about said premises;
<br />In cue of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee dull,
<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 sad income to be derived from the mortgaged premises during, such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or amts it may desire for the purpose of repairing said premiss and renting
<br />the sane and collecting the rents, revenues and income, Mid it may pay out of said income all expenses of repairing said premises and necessary
<br />x
<br />and a penses incurr m
<br />commissions
<br />ed in renting and managing the sae and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward theonchupe of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<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 stares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured ber:by as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month. until said ban is fully paid' pay all taxes and asessnents levied against said premises and on this Mortgage
<br />and the Bad secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 29, 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, ausessrent& and insurance 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 soul prembea;keep and comply
<br />with all the agreements and conditions of the Bond for i 29 000.00 this day given by the said Mortgagor to mid ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws oflsaid ASSOCIATION; then these presents stall become null and void, otherwise they
<br />sup remain in full face and may be foreclosed at the option of the said ASSOCIATION after failure for three months to rake any of said
<br />Payments or be three months in arrears in raking 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 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 />accused calf, at the option of The Equitable Building and Loan Association of Grand lsland,Nebraska,become immediately due and payable without
<br />further notice, and the amount remaining due weer said bad, and any other bond for any additional advances made theme der, sell, from the
<br />date of exercise of add Option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />b n d,ad any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurarrs, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />>o.
<br />As provided in the Bdrd secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />maters of said Bond, their amts or successors in interest, which sums sap be within the security of this mortgage the same as the funds originally
<br />seared thereby, the total areount of principal debt not to exceed at any time the original amount of" mortgage.
<br />th" 15th day of April A. D., 19 87
<br />f
<br />s.
<br />STATE or NEMUMA.� s. On this 15th day or April 19 87 , before me,
<br />C%BIJNTY OF HALL
<br />the undersigned, a Notary Public irk and for said County, personally rime
<br />David L. Larson and Catherine M. Larson, each in his and her own ght and to
<br />of each other are
<br />me to be the ' Identical pesos g whose name 9 are affixed to the above instrument asi mortgagor 8 and severally
<br />acknorariedged the said instrument to be their voluntary act and deed.
<br />WITNESS my kowd and Notarial Seat the date aforeaid.
<br />My C m expiras
<br />Panes Nd�taryitilic _. .
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