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_. 142384
<br />MORTGAGE LOAN NO. L 24,766
<br />KNOW ALL MFN BY THESE PRESENTS: That Terry A. Smith and Mary C. Smith, each in his and her
<br />own rights and as spouse of each other, Mortgagor, whether are or morn, in conaiderlitias of this arm of
<br />— LI.Q4 -------------- ----------------------------------- - - - - -- DOLLARS
<br />lc"W to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 220 tltarea o! ttWdt of
<br />NW ASSOCIATION, Certificate No. L 24,766 , do hereby grant, convey and mortgage unto the aid ASSOCIATION the following
<br />ditaui6ed rash estate, situated in h1a1R County, Nebraska:
<br />The South Forty -six (46) Feet of Lot Eight (8) and the North
<br />Fourteen (14) Feet of Lot Nine (9), Block Sixteen (16), in
<br />West View Addition to the City of Grand Island, Hall County,
<br />Nebraska,
<br />together with all the tenements, hereditaments and appurtenances thereumu belonging, including attached floor coveri ngs, all window screens,
<br />window shades, blinds, storm windows, awnings, beating, air conditioning, and plumbing and water equipment and accessories thereto. Ali w ndow PUMP. creens,
<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 nxortgagor shall and will pay all Cues and asaeantuents levied a
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />imunrtce upon the buildings on said premises situated in ilee sum of S 22, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In rase of default in the performance of any of the terns and conditions of this mortgage or the bond secured hereby, the mortgagee shah,
<br />on demand, be entitled a roues and possess ion of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />rnoxigagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall reran
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repaving said premises said renting
<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 />cOmmiadons and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance renainirig, if any,
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time daring the exitatena of touch
<br />irrespective of any temporary waiver of the same.
<br />Thew Presents, however, are upon the Condition, That if the said Mot tgagor shalt repay said loan an or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sutra specified in the Fond 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 aid premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 22, 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all stoney by it paid for such taxes, assessments and insurance with intern[ 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 comply
<br />with ail the agreements and conditions of the Bond for S 22, 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 ASSOCIATION; then these presents shad 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 make any of said
<br />sad�`: or be three months in arrears in making said monthly payments, nr to keep and comply with the agreements and conditions of said Bond;
<br />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 sak or otherwise, then the entire remaining indebtedness hereby
<br />secured shah, 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 due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />doe off' exercise of aid option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to atidy the amount due on said
<br />bond,and any other bond for additional advances, together with all sums paid by said The Equitable Budding 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 maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />Milken of said Bond, their assigns or successors in interest, which sums shall be within the security of this Mortgage the same as the funds originally
<br />stuewed thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />DOW this 23rd day of April
<br />TA. n.,1 9 87
<br />Awry C. SnOth
<br />STATE OF NEBRASKA,
<br />COUNTY OF HALL April this 23rd day of April 19 87 , before me,
<br />L the undersigned, a Notary Public in and for aid County, personally came
<br />'Perry A. S?nith and Mary C. Smith, each in his and her own rights and as spouse of yBch
<br />other, peraonsl�ylcnh ro
<br />no to be the tdem" person S whose name are
<br />S are affixed to the above instrturtent mortgagor g and they severally
<br />adcnowkdgad the nod nrRrumsnt to be their voluntary act and deed.
<br />WITNESS my hand aced Not"I Seal the date aforesaid.
<br />My Cormnissan expo
<br />rasar at Niry,YCtblic
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