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87-- L03591 MORn,,E See L 23,340 MORTGAGE LOAN NO. L 24,809 Add n 1. KNOW ALL MEN BY TIiESE PRESENTS: That Ernest J. Reiss and Judy Lynn Reiss, each in his and her own right and as spouse of each other, Mortgagor, whether one or pore, in consideration of dat was of Rm=t:asn Thrvttaand sip Hundred and aQ% 100----------- --------- °--- - - -------------- — DOLLARS kwtad to aid mortWor by TIM Fquitable Besilduall, and Loan Association of Gruel Island, Nebraska, Mortgagee, upon 176 large of stock of aid ASSOCIATION, Certificate No. L 24,809 , do hereby grant, convey and rortgage unto the said ASSOCIATION the following descaillemd real agate, situated in IM County, Nebraska: Lot Seven (7), O'Neill Subdivision, being a subdivision of Block Three (3), Pleasant Haste Subdivision in the City of Grand Island, Hall County, Nebraska, together with all Use terxnents, heneditanents and appurtenances thereunto belonging, including attached Root coverings, all window screens, window sates, blinds, storm windows, awmris. hcalmg, au condit oncng,and plumbing and water equipment and accessories thereto, pumps, stoves, refrigerators. and otter fixtures and equgrmnt now or hcicaftm attached to or used in connection with said real estate. And whereas the mad mortgagor has agreed and does hereby agree that the nwrtgagor shall and will pay all taxes and assessments levied or interested upon aid premises and upon this mmtgW and the tend secured thereby before the same sad become delinquent; to furnish approved insurance upon the buildings std premmisea siruated in the sum of S 17,600. 00 payable to said ASSOCIATION and to deliver to said ASSOCIATION the policies for said trunitance , and not to commar of Perrot any waste on or about sad Premises; In cave of defer in the pelf of any of the tease and conditions of this mortgage, or the bond secured hereby, the mortgagee shall, on demand, be entitled to remarriage possession of the racittleard premkcs and the mortgagus hereby assigns. tran ers ad sots over to the mottvpe all the teats, revenues and mocruer to be derived from the mortgatted premises during such time as the mortgage indebtedness. sail sustain uspsid; and the mortg pm AO have the power to epporot arty &Pat or agerilb it nuty desire for the purpose of repairing; said preeises and tenting tip sore and collecting the seats, revenues and tncorx, and it rtay pay out of said incotne all expenses of repairing aid premises and neoesay eDnunisim and expanses incurred in tenting and managing the sawn: and of colkctirrg rentals therefrom; the balance remaining, if any, to be applied toward the discharge, of said mmtgW indebtednew. these rights ,A tae twotgagm assy be exercised at any time during the existence of such deft, irrespective of any temporary wane of the same These Preasuis, however, ac upon the Corditum. 71sat of the said snort set shah repay said loan on or before the maturity of said sates by pay n no ; nay monthly to said ASSOCIATION of the sure specified in a1w, Barad secured hcrcb- as interest and principal on said ban, on or before the Twentiethd ay of each and every month, until said loan is fully paid; pay ant taxes and assiessm6ti levied against said premises and on this Mortgage tied the Bond secured thereby, before delinquency f urnuar approved insurance upsets the buildings thereon in the ism of $ 17, 600.00 payable to said ASSOCIATION; repay to said ASSOCIATION upon demand alt money by it paid for such taxes, assicssnenu and insurance with interest at the maximum legal rate thereon from date of payment all of which Morttersix hereby agrees to pay; pe:.mit no waste on said premoa; keep and comply with all the agreements and conditions of the Bond far S 17, 600.00 this day given by the said Mungagor to said ASSOCIATION, and comply set* AN the requirements of the Constitution and Bylaws of said AS.SOCIAT ONs then these presents cull become null and void, otherwise they shad remit in full force and may be foreclosed at the option of the said ASSOCIA710N after failure for three months to make any of said psyssuds or be throe months in arrears in snaking said monthly payments, in to keep and comply with the agreements and conditions of said Bond; and Mor4pipf agues to have a receiver appointed forthwith in such foracbsure proceedings, If them is any charge in ownership of the real mate mortgaged herei, by ak or otherwise, then the entire runairift bdebtednes busby secured ssaB, at the optkm of The Equitable Budding and Loam Association of Grand Island. Nebraska, become immediately dux and payable without father notice, and the amount remaining dux under said pond, and any other bond for sorry additional advances made thereunder, stall, from the daft of exercise of aid option, bear interest at the maximum legal rate, and this mortgage nay then be foreclosed to satisfy the amount due on mid boed,ad stay other bond for additional advances, together with all some paid by said The Equitable Budding and loan Association of Grand Isbtad, Nebraka for insurance, taxes and assessments, and abstracting extension charges• with interest thereon, from date of payment at the maximum Iapl rate. As yrovic� or the Mond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the meters ai �d Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the saner as the funds originally actual thereby, the total amount of principal debt not to exotxxl at a.5 time the origins amount of this mortgage. DOW this 12th day of Junti A. D.. 19 87 r Jify Lyre !miss STATE OF NEYRA,SKA. COUNTY OF BALI. � w. (M this 1 day of 3L--if, 19 87 , bmfom me, the urndersit;rted, a Notary Pub& in and for said County, permseelly, same Ernest J. Reiss and Judy Lynn Reiss, each in his and her own right nd as spouse each other, w are known to as to be the identical Parma, pr whoa name s are affixed to the above instrwhtent as mortgagor s and they severalty ti the to du their voluntary act and deaf. WtINM my hand said %ofun l Seal the dace aforesaid. t MyC mexen *aft spa t �� st _ Notary Polk;