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$7- 103650
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 24,821
<br />KNOM ALL MEN fly THESE PRESENTS: Put Beverly J. Strand and Otto L. Strand, each in her and his
<br />own right and as spouse of each other,
<br />Mortgagor, whathes oat or moral, is txwWdwetioa of the MM of
<br />Twenty ThousaGd and 00[ 00-----------------------------°--- ------ --------------- --- DOLLARS
<br />9 loaned to nod averiyyor by The Egwtabk Buddusig and Loan Association of Grand Isand, Nebraska, Modgsgoe, upon 200 dares of oocilt of
<br />add ASSOCIATION, Certificate No. L 24,821 , do hereby steal, convey and mortgage unto the said ASSOCIATION the following
<br />described rind estate, situated in HaN County, Nabrada:
<br />The Easterly Thirty Six (36) Feet of the Westerly Seventy Four and One Fourth Feet
<br />of the North One Half (NI /2) of Lot Nine (9), of the County Subdivision of the South
<br />Half of the Southeast Quarter (SI /2 SEl /4) of Section Sixteen (16), Township Eleven (11)
<br />North, Range Nine (9) West of the 6th P.M., Hall County, Nebraska.
<br />together with all the lenemtnts, hereditament& and appurtenances thereunto belonging, including attached floor coverings, all window, sue,
<br />window shades, AWde, storm windows, awnings. heating, air eotditioning,and plumbing and water equipment and acaawies therew,pumps, KOM,
<br />refribtrarars, and other fixtures and equipment now or hereafter attached to or used in connection with and mA estate.
<br />I And whines the said mortgapir has agreed and does hereby agree that the nwrtgagx shall and will pay an taxes and ta lavitd or
<br />aaeaaad upon sod ptemwes and upon this mortgage and the bond secured therebv� before the same duct become ddiagio eat; to furnish approved
<br />lowtance rpm the buildups on said premises situated in the sum of 5 20, 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 case of defarh in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mtortgappa doll,
<br />on denmtd, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assns, transfers ad sets over to the
<br />nKwtgabee all the toots, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness dull remarin
<br />unpaid; stud the mon shall have the power to appoint any agent or astnts it may desire for the purpose of repairing aid preaches and rentag
<br />the saw and coketiug the rents, revenues; and income, and it may pay out of said income all expenses of repairing said premaat and necessary
<br />cissurnannista and expenses locarred in renting and numaging the sum and of collecting rentals therefrom: the balance rernamhtg, if airy, to be
<br />aa��pp�baadd toward the discharp of said mortgage indebtedness; these rights of the mortgagee tray be exercised at any time during the existence of surd.
<br />dads, irrespective of any temporary waiver of the am.
<br />These Presents, however, arc upon the Condition, That if the said Mortgagor dull repay said loan on or before the maturity of said sees by
<br />psyymsnt; pay monthly to said ASSOCIATION of the suits specified in the Bond secured hereby as interest and principal on said hurt, on or before
<br />the Twentieth day of each end every month, until said loan is fulty paid; pay all taxes and assesartents levied against said premises and on this Mortgags
<br />and the bond seared thereby, before delinquency; furnish approved insurance upon the buildings thereon in the wm of 520 , 000.00 paydtle
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all irony by it paid for such t axes, assessments and innhrance with interest at
<br />the m mimum legal rate thereon from date of payment all of which Mortgage hereby agrees to pay; permit no waste one said prrcmi>ss; keep and comply
<br />with all the agnsoments and conditions of the Bond for 520 000.00 this day given by the aid Mortgagor to said ASSOCIATION, and comply
<br />with as the reepairements of the Constitution and By-Laws d said ASSOCIATION; then these presents doll become null and void, otherwise they
<br />shy ram in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to mare any of aid
<br />paynaisaft or he three mwths in arrears to tiskitg and monthly payments. or to keep and comply with the agrtemmu and conditions of said Bond;
<br />and Mcutgallex agrees to haw a teceiver appointed forthwith in such foreckwure proccodap.
<br />If there is any champ in owntrdrip of the real estate mortgagod herein, by ale or otherwise, than the entire remaining indebtedness hereby
<br />teaansd mom. at tit option of The Equitable Building and Loan Association of Grad Island, Nebraska, become inmadialdy due and payola without
<br />fwdwF notice, and the wnoum doe under aid bond, and any other bond for any additional advances made Ummunder, shall, from the
<br />da* of exeraw of said option, bow interest at the maximum k'*W rate, and this mortgage may then be foreclosed to satisfy the ameoant dua on sari
<br />bean nd any other bead for additional advances. together with all sums paid by and The Equitable SWUM and Wm Asmicutfo t ofGrand Island,
<br />Nelmoke for itnaranoe, taxes ass asamassents, dui attracting extension surges, with intercat thereon, from date of payment at the roximtMn
<br />Iapl rate.
<br />As in the Bond seemed hereby, while the remains in effect the mwrlgap a tiny hereafter advance additional sum to the
<br />aadtars of said bond, their assigstat or successm in interest, which see x: duB be within the security of this mortgage the arse as the funds originally
<br />tatansd tbateby. the nod witourat of principal debt not to exceed at any time the original amount of this mortp.
<br />Dow this 19th day of June A. a., 1987
<br />i
<br />r y r and
<br />Otto L. Strand /
<br />STATE OF , a. On this 19th day of June 1987 . befwe me,
<br />COUNTY OF NAL.t.
<br />the mulers ved, a Notary Public in and for aid County, personally come
<br />Beverly J. Strand and Otto L. Strand, each in her and his own right sp k to
<br />other,
<br />a* to be the ' idevitical person s whose name s affixed to the above ' as mortgagor s and they avaraBy
<br />Mining the aw hunnument to be their voluntary act and dead. 7
<br />WITNUSS m9 hand and Notarial Said the data aftwoudd
<br />My r
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