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i- 103699
<br />MOtTCecB
<br />MORTGAGELOANNO, L 24,823
<br />KNOW ALL MEN BY THESE PRESENTS: That Francis L Hughes and Dorothy R. Hughes, each in his
<br />and her own right and as spouse of each other.
<br />------- ----- M— ortgasm, whether one a sass, in txro ntiwt of the �n of
<br />Thirty — Thousand andoo /100--- - - - - -- ----- ----- °" — °' °' DOLLARS
<br />Insisted to said mrrtppa( by The Equitable Building and Loan Association of Grand kind, Nebraska, Mortgagee, upon 300 shares of stook of
<br />mid ASSOCIATION. Certificate No, L 24,823 do beroby grant, convey std ttortgap unto the sad ASSOCIATION the following
<br />dmertTrod sad estate, situated in Hall County, Nebraska:
<br />Lot oneM B1ockFive(5), Bel Air AdditionAddition to the
<br />City of Grand Island, Hall County, NEbraska
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />wnndow dhaales, bfinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and scaararies thereto,pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the and mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon and presses and upon this mortgW and the bond secure 1h 6V {ore the same shall become delinquent'. to furnish
<br />samermice upon the b on aid premises sifted in the sum of SU +�DU' "" payable to said ASSOCIATION and to deliver to nod
<br />ASSMA71ON the poh ocs for said insurance; and not to commit or permit any waste on or about said premises;
<br />In cue of detain in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee dull,
<br />on demand. be entitled to immediate possession of the mortgaged premises and the arortgaigor hereby assigns, transfers and sets over to the
<br />marmyse am the rants, mmucs and income to be derived from the mortgaged premises during such time as the mortgage indebtedness stall =main
<br />unpaid; and the mortgagee ahead have the power to appoint any agent or agents it may desire for the purpose of repairing acid prorrnaes and rent
<br />the tame and collading the tents, revenues and income, and it may pay out of said income all expenses of repairing and premises and necessary
<br />commismean rnd expenses incurred in tenting and managing the arse end of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of and moftgage indebtedrea; these rights of the mortgagee may be exercised at any time during the existence of much
<br />fault. mespecttwe of any temporary waiver of the gate.
<br />These Presents, however, are upon the Condition, That J the said Mortgagor &hull repay said loan on or before the maturity of aid these" by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said toast, on or before
<br />the Twetrtieth day of each and every month, until said loan is fully p&4 pay ail taxes arced assessments levied against said premises and on this Mortgtye
<br />and the Band secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 30 , 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments arts insurance with interest at
<br />the fraximmis k d rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste em said promises ;keep and comply
<br />with all the agreements and conditions of the Bond for S 30, 000.001his day given by the said Mortgagor to mid ASSOCIATION, and comply
<br />with an the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />dell remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make tiny of mid
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If them is any change in ownership of the real estate mortgaged herein, by ask or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become irmr adiately due and payable without
<br />further notice, aid the amount remaining due under said bond, and any other bond for any additional advances made thereunder, dub, (ran the
<br />daft of examine of said option, bear interest at the maximum legal .ate, and this mortgage may then be foreclosed to satisfy the amount due on mid
<br />bard, and any other bond for additional advances. together with all suns 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 />leg" late.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional cams to the
<br />Mike" of slid Bard, their asups or sueasiscres in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />staff thereby, the total amount of principal debt rot to exceed at any time the original amount of this mortgage.
<br />Dated t#hb 23rd day. of June A. D., 19 87
<br />Weis grl
<br />_ ctit
<br />Dorothy R. es
<br />STATE N @-IRAs , m On this 23rd day of June 19 8 7 , before me,
<br />COUNTY OF HALL
<br />Francis L Hughes and Dorothy R. Hughes, taeurhdersigned, allotary PublicinandfaadConty ,pararagyams
<br />each in his and her own ri Al; and as ego 9 known to
<br />of each other. 11 P�r����
<br />me to be the ical persons whose arum are affixed to the above iusif nt as mortgagors and they aeveraBy
<br />the said Wastrumant to be their voluntary act and deed.
<br />WITNk14S my hid and Notary Sssl the date aforesaid, i
<br />My Ca - ex l
<br />NoMei�isubfic
<br />assay at � ,
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