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87. 102962
<br />MORTGAGE
<br />1 MORTGAGE LOAN NO. L 24 r 788
<br />Klt10NALL MEN BYTF1ES8l 'RHSENTS:TIut f*lvin W. Williams and Patricia D. Williams, each in his
<br />and her own right and as spouse of each other
<br />TL nmy -1110 Thousand Five (3tuldred and no /100 -- t -- Moo pg—, wha[hee — or more, in oos"nuar of aw taws of
<br />—_ _ ---- -- - - - - -- ; Y
<br />laasad to rid -- -- ----- - - ° --- DOLLARS
<br />by Tae EquiWsle LAM A auciation of C,ratd lam, Nebm*a, M 225
<br />aid ASSOCIATION, Certificate No. L 24 , i 88 do own of stock of
<br />described rem Cdstc, siWaated in leaf County. Nebnmka: r� Snrtl, convey and norlgt F onto the talc ASSOCIATION the follown
<br />Lot one (1) and the Easterly TWelve Feet (12') of Lot rpwo (2), in
<br />Block 'IWenty —Eight (28), in Charles Wa -Mer's Addition to the City
<br />Of Gram Island, Hall County, Nebraska,
<br />window sdades, blinds, storm windows. awnings, heainist, all conditioning, and
<br />window with all the tenements, hercdttanents and appurtenances thereunto belonging, including attached fluor coveritl6s, all window scrcefs
<br />refri8cratma, and other fixtures
<br />plumbing and water equipment and aceeaories thereto,
<br />and equipment no or feereafter attached to or used in connection with said real e
<br />putrgsa, stoves,
<br />And state.
<br />has
<br />the said nand
<br />on said
<br />agreed and does hereby agree that the irxrrtgagor shall and will pay all taxes and assessments levied or
<br />upon
<br />d upon said gremlins and upon this es situated and rtes blind secured tfrereby before the Sarre shun become delinquent; :v
<br />Imwramce upon 'he buildings on said prrmeses sitwted in the 22,
<br />sum of S 500. DO umddt approved
<br />ASSOCIATION. policies for said tnwranrz; and pmt to commit or permit any waste
<br />ASSOCIATION artd to deliver to said
<br />iboutCsaid
<br />on OF premises;
<br />In caw of default in the performance of arty of Ile terms and aurtitiois of this rtxrrtgage or tae board scurNl her
<br />on remand. be entitled to immediate of the mortgaged mortissigge all Ile rents. revenues aril Disowns and the mortgagor hereby th
<br />income
<br />s. transfers godd Fight over t
<br />to be derived from the mortgaged premises during such tune as the the
<br />unpaid: and the trait
<br />moe� Indebtedness; doll rcmam
<br />the same acrd a MOF shalt hove the power to appoint any agent or agents it may desire for the
<br />the rents, revenues
<br />. purpose of fops"
<br />gild income, and it may payout of land income all expenses of repairing aid prcnum and rentfrg
<br />ms and expenses incurred m renting and managing the same and of collecting QfOmgea and necessity
<br />defiled toward tte
<br />ofan rte p "Win rentals therefrom; the balance e
<br />the same. sac these tights of the mortgagee rosy exercised at an remaining, if oily, to be
<br />default, irrespective of any temporary waiver of the amp. y lime during the existence of such
<br />These srexnts, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said stares by
<br />fore
<br />payment; Pay monthly W) said ASSOCIATION of the sum specified in the fond secured hereby as interest
<br />the Twentsth day of each and every
<br />and principal
<br />rtonlh, until said Iran w fully paid: pay all taxes and assessments levied is said loan, on or before
<br />a
<br />soul the Bond secured thereby, before delinquency; aping said Pretest -= and on '&S Mottgage
<br />and secured thereby,
<br />said ASSOCIATION. ASSOCIATION ; rnish appaured insurance upon the buihlinga thereon in the sum of $
<br />pay tU said upon demand all none h t 22, 500.00 payable
<br />the maximum legal rate thereon from dale of Y Y i spec for such taxes, assessments
<br />payment all of which Mort at
<br />and insurance with interest comply
<br />o waste
<br />with all the gamer hereby agrees to pay; permit rw waste rm said pxemiau :leap and comply
<br />and conditions
<br />e the Bond
<br />aequire S 22, 500.
<br />with
<br />i
<br />a C t u -L
<br />d ASSOC this day given by the said Mortgagor to said
<br />all the requirements u! the Constitution UW! By-Laws of said ASSOCIATION; then these presnis shall become
<br />dal remain in full force and may be foreclosed he > ASSOCIATION. and oomph,
<br />at the null and raid, otletwis they
<br />payments or be three months in arrears m trek Upthly of the said ASSk
<br />gaol after failure for three mofths to make any of said
<br />and Morignut agrees to have a receiver payments, er to and comply
<br />appointed ocee
<br />itit In s with the agreements and eoolifiorts of aid fond:
<br />orec o
<br />1)pomnled fothwitfe in such foreclosure proceedings.
<br />If there is any change in ownership of the rest estate m rl
<br />secured Ball, at the option of The Equitable f Ierein, by sale ottenriae, the entire rcmtsamtifg indebtedness hereby
<br />further notice, and the arrmnnt ate of Grand island, Nbraska,
<br />remaining doe t nokt said bond, an a,
<br />y bond
<br />become Immediately due and Payable date of exercese of said option, bear Iatere5l at the maximum le and any oleo bore for any additional advances made thereunder, "U, from the
<br />bohd,and any other bond for rate, and This mortgage may then
<br />additional advances, a be foreclosed to satisfy he
<br />Nebraska for insurance, together with all sutra paid by said The Equitable f Y amount die on aM
<br />Loan
<br />taxes and assessments, abslractmg extension charges, with interest
<br />kg+t rate. of Grand Island,
<br />thereon, from date payment
<br />payment at the maximum
<br />As f saYNkd in the &)sad snowed hereby,
<br />makers Of aNt Ilnmd, [leI' Ir sfccearrs m mLCtC$t, wliKll aYma �a11
<br />ogurs white this nou nerna ;pia In CtfCCI the iro)rtgtgse stay left alts: advance tiddl[o11B1
<br />secured thereby, the lota9 s h area to lire
<br />t e within tare �curny
<br />amotml of of flux the
<br />debt not to exceed st tine the mat mortgage Sire as the funds odpnafy
<br />amount of (his mortgage.
<br />of Y A.D.. iv 87
<br />.ce. _r
<br />V
<br />Patricia D. Williams
<br />STATE. Of: NEBRASKA,
<br />COttNI'Y OF IIALL a the this 21st day of May
<br />Iv 87 ,before sae,
<br />Melvin W. Williams and Patricia D. Williams, eachundersigned, allo her
<br />Notary Public in and tot aid County, parsirally vsu,e
<br />each Other,
<br />can right and as se gf who me
<br />to fao the ia�atx:l per,rr, s
<br />whose s arcs are
<br />arPxrxl to ilw above ittstrunt�s g
<br />ale Isttr : lobe iled they severally
<br />their
<br />eir voluntary ace and decd,
<br />TMF< my i'sn't and M"Urai Seal the date
<br />afnreaid,
<br />My ('immRmxm expires 1 F (
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<br />IX
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