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<br />87-103714
<br />103'714
<br />MMTGAGE
<br />MORTGAGE LOAN NO. L24,820
<br />KNOW AIL MhTI BY THESE PRESENTS: That Francis J. Perkins, a single person,
<br />Mortgagor, whether one or more, in consideration of dw nom of
<br />THe ve Thousand and no/ 100-------------------------------------------------- - - - - -- 'DOLLARS
<br />louad to said morWpor by The Equitable Building and Luau Association of Grand Island, Nebraska, Mortgagee, upon 120 snares Of stock of
<br />aid ASSOCIATION, Certificate No. L 24,820 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />The Southerly Twenty (20) feet of Lot Six (6), in Fairacres Dairy Subdivision being
<br />located on the Southwest Quarter (SW'ii) of Section Twelve (12), in Township Eleven (11)
<br />North, Range Nine (9) West of the 6th P.M., Hall county, Nebraska and also all of
<br />Lot Five (5), in Fairacres Dairy Subdivision, Hall county, Nebraska, also a tract of
<br />land Thirty -Three (33) feet by Eleven and Eight Tenths (11.8) feet described as follows:
<br />Cc mtencfng at the Southeast corner of said Lot Five (5), as described above, running
<br />thence east for a distance of Thirty -Three (33) feet, running thence North for a distance
<br />of Eleven and Eight Tenths (11.8) feet, running thence West for a distance of Thirty -
<br />Three (33) feet and running thence South for a distance of Eleven and Eight Tenths (11.8)
<br />feet to the place of beginning.
<br />together with all the tenements, htereditanenu and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window souks, blinds, storm wmilim, awnings, heating, air c uditioning,and plumbing and water equipment and accessories 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 said mortgagor has geed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />anered upon said premises and upon this mortgage and the bond secured thereby before the same stall become delinquent= to funtiah approved
<br />insurance upon the bu ddmp on said gxernites situated in the sum of S 12,000.'00 payable to said ASSOCIATION and to diver to said
<br />ASSOCIATION the policies for said i nuance; and not to commit or permit any waste on ter about said premises;
<br />In caw of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby. the mortgagee shag,
<br />on demand, be entitled to inuncdiste possession of the mortgaged premises and the mortgagor hereby argts, transfer and seta over to the
<br />mortgagee all the n mes, revenues and income e to be derived from the mortgaged premises during such time as the mortgage indebtedness shalt remain
<br />impaid; and the mortgagee shall have the pomer to appoint any agent or agents it may desire for the purpose of repairing; said premiss and renting
<br />the same and milwing the rents, revenues and mcotm, arts it may pay out of said income all expenses of repairing said premises and necessity
<br />commissions and expenses incurred in renting and managing the same and of colketing rentals therefrom; the balance remaining, if any, to be
<br />seabed toward the duchairp of sand mortgage mdcbtedress; thew rights of the mortgagee may be exercised at any time during the existence of such
<br />de bust, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition. That if the said Mortgagor shall repay said loan on or before the rratwity of said sores by
<br />payment; sty monthly to said ASSOCIATION of the sum specified in the flood secured hereby as intetest and principal on said loam, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bored secured thereby, before delinquency; furrust approved insurance upon the buildings thereon in the sum of S 12e000.00 paayibk
<br />to said ASSOCIATION; repay to said ASSOCIATION upon remand all money by it paid for such taxes, assessments and insurance with interest at
<br />the rtaximwn legal rate thereon from date of payment all of which Mortgagor hereby specs to pay ;permit no ware m rid prenmes;keep and comply
<br />with all the agreements and conditions of the Bond for S 12, 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -taws of said ASSOCIATION; them these presents &all become null and void, otherwise they
<br />shall remain to full force and may be foreclosed at the optic of the said ASSOCIATION after failure for three months to make any of said
<br />payments a 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 there is any change in ownership of the reap estate mortgaged herein, by sale or otherwise, then the entire remautitg, indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan AsKxktim of Gravid Island, Nebraska,become immediately dote used payable without
<br />further notice, and the amount remaining; due under said bond, and any other bond for any additional advances mass therewsder, small, from the
<br />slate of exercise of said option, bear interest at the maximum legal rate, and this mortgage tray then be foreclosed to satisfy the amount due on said
<br />bond,amd any other bond for additional advances, together with all r_mm paid by said The Equitable Building and Low Association of Grad Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />low rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall 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 at any time the original amount of this mortgage.
<br />DOW this 18" day of June A. D., 19 87
<br />Francis & Pe ins
<br />STATE OF NEBRASKA, sa. On this 18th day of June Iv 87 , before me,
<br />C(HJNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, perwnatly came
<br />Francis J. Perkins, a single person, v be is personally known to
<br />me to be the klividwril person whose name is affixed to the above i strys{xnt 0 mortgagor and hit,' upp(i)ty:
<br />adusoadedged the said instrument to be his voluntary act and dead.
<br />WITNFSS my hand and Nolan Seal the date aforeuid.
<br />My ('r espsias i � ,r'
<br />essaasr as 1V«t�ry Pud�k
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