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<br />87- 103287
<br />MORYGAGE
<br />MO: ^.'fGAi;E LOAN NC_ L 2�,79y
<br />own ALL MEN BY THESE Pouse of eat Roger D. Daugherty and Rhonda Daugherty, each in his and
<br />her otart right and as spouse of each other
<br />Thirty —Five Thousand and no/ 100 ------ -- -------- -- M --TUW wt ether one RfM--e in mrttidention of lte sty of
<br />DOLLARS
<br />loaned to said mortgagor by The Equitable Budding acid Loan Association of Grand Island, Nebraska, MonpSee, upon 350 shaves of stock of
<br />said ASSOCIATION, Certificate No. L 24 749 , do hereby grant, convey and mmortgap unto the said ASSOCIATION the I.&M sag
<br />desaxibed real estate, situated in Hall County, t%br Ls
<br />Wt Four (4) , O'Neill Subdivision, in the City of Grand Island,
<br />Hall County, Nebraska,
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, an window screens,
<br />window shades, blinds, storm windows, awnmgs, heating, at conditioning, and plumbing and water equipment and accessories thereto, pttmpsst
<br />,oves,
<br />refrigerators, and otter 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 caves and assessments levied or
<br />messed upon said premises and upon this mortgage and the bond steed thereby before the same shall become delinquent; to famish approved
<br />insurance upon the buildings on said premiss situated in the sum of S 35, 000.00 payable to said ASSOCIATION and to deliver to aid
<br />ASSOCIATION the poll vm for aid insurance; and Out to commit or permit any waste on or about said premiss;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession Of the mortgaged premiss and the mortgagor hereby as*m, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as Use mortgage indebtedness shall retain
<br />unpaid; and the mortgagee shall have the power to appoint any agent tar agents it may desire for the purpose of repaving said premises and renting
<br />the same and collecting the rents, revenues and income. and it may pay out of mid income all expenses of repairing said premiss and necessary commissions and expenses incurred in renting and managing the same and of collecting rentah therefrom; the balance remaining, if any to be
<br />applied toward the discharge of said mong a ftc indebtedness; these rights of the mtortgagee may be cxerdsd at any tree daring the eniste»ce of such
<br />default, irrespective of any miner my waiver of the same.
<br />These presents, however, are upon the Condition, That if flit said Mortgagor shall repay said loam on or before the maturity of aid 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, untd raid loan is filly Ind; pay all taxes and assessments levied against said premises a;„ on tb. Mortgage
<br />std the Bond secured thereby, before deiimquen y: furnish approved tnsura--rce upon the buildings thereon in the sum of S 35, 000.00 payable
<br />to said ASSOCIATION; repay t said ASSOCIATION upon demand ail money by it paid for sight taxes, assessments stud insurance with interest at
<br />m kept the maximupt rate thereon from date art payment all of which Mortgagor hereby agrees to pay; permit no wasteom said premism iteep and comply
<br />With all the agreements and conditions of the Bond for s 35 , 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 4 said ASSOCIATION, then these presents shall become until and void, otherwise they
<br />shall remain in fill force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears m malting said monthly payments, or to keep and comply with the agreements and conditions of said Bond -
<br />and Mortgagor agrees to have a tecerver appointed forthwith in such foreclosure proceedings. '
<br />If there is any change in ownership of the rah estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the son
<br />opt of The Egwubk Belding and loam d, and any of Brand (sand, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due wader said bond. she any other bond for any additional advances made thereunder, shaft. from the
<br />date of exercise of said option, beat interest at the maximum ieg<3 rate, and this mortgage may then be foreclosed to satisfy the ammmt 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 used assessments. and abstracting extension charges. with interest thereon, from date of payment at the maximum
<br />legal raft,
<br />As provided in the Bond saved hereby, while this mongage remains or effect the mortgagee may hereafter advance additional sums to the
<br />makers Of said Bond, their migs of successors m interest, which sums Stull be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of Principal debt not to exceed 21 any time the original amount of this mortgage.
<br />Dated this 04th day of June A. D., 19 87
<br />Ci
<br />-- a -- - - - - - --
<br />Daugherty ti --
<br />STATE OF NEBRASKA, On this 4th ` of June
<br />COUNTY OF HALL 19 87 , before see,
<br />the undersigned, a Notary Public in and for said County, personally cum
<br />Roger D. Daugherty and Rhonda Daugherty, each in his and her own riit and as ��oou a of
<br />each other, W110 are 1" "r known to
<br />me to be the identical petxm s whose names are affixed to the above ins"itment as nvorigag -: aye they severally
<br />adknowkviged the and irostrument rtr lot their voluntary act and deed.
<br />[WITNESS my hand grid "4,tarut Seal the date atoresod -}
<br />My f ommreitan expires
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<br />ir. No _^— Notary Public
<br />JIE OL nwal N MM.,aa
<br />1y ahtata pls, r
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