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r— g7_- 103720 MORTGAGE A MORTGAGE LOAN NO. L 24,822 KNOW ALL MEN BYTiiESE PRESENTS: That Constance K. Swanson — Kersten and Mark E. Kersten, each in her and his own right and as spouse of each other Twenty —two Thousand and 00[00----------------- - - - - Mortgagor. whether one or Msm__ —_._ igLorthesmilof -- DOLLARS lottoed to sad mwt PPr by The Fquitabk Bridding and Loan Association of Gnnd Island, Nebraska, Mortgagee, upon shares of motif of odd ASSOCIATION, Certificate No. L 24,822 do hereby grant, convey and mortgage unto the aid ASSOCIATION the following dpal6od real eMate, situated in Hall County, Nebraska: Lot Two (2), Block Twenty —Two (22), Charles Wasmer's Addition to the City of Grand Island, Hall County, Nebraska. together with 1111 the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window stireens, window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, refrigerators, and other rmtutea and equipment now or hereafter attached to or used in connection with said real estate. pumpt, creem stoves, And whereas the said rrartgagot has geed and does hereby agree that the mortgagor shall and will pay all taxes and assemoents levied or messed upon said premises and upon this mortgage and the bond scarred tbgre�y before the same lisp becottle deBnquent; to furnish approved ASSOCIATION the buildings xm said premises situated in the sum of Y 12,0 OU . UO payable to said ASSOCIATION and to deliver to said Policies for oil insurance; and not to commit or permit any waste on or about said puemiscs; In case of default in the Performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagese ssa11, on demand- be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the mortgope atl� rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall ramain a gagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting the now and collecting the rents, revenues ad income, and it may pay out of said income all expenses of repairing said premises and noosmry and expenses incurred in renting and managing the saute and of collecting rentals therefrom; the balance remaitisg, J any, to be default. toward the of ch 1 of surd srxrr19W mdebtedncwa them rights of the mortgagee nay be exercised at any time during the exirttmoe of y emporary waiver of the mere. such These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said ban on or before the rtaturity of mid slams by prymant; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on sad ban, on or before 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 and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of Y 2 2 +000.00 to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, amssment& and insurance with intereat at the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises;keep and comply with all the agreements and conditions of the Bond for S2 2 , 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then thew presents shall become null and wit, otherwise they s remain in full forte and may be foreclowd at the option of the said ASSOCIATION after failure for three months to make any of said payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Boned; and Mortggor agrees to have a receiver appointed forthwith in such foreciosute proceedings. If there is any change in ownership of the real estate montiaged herein, by ark or otherwise, than the entire remaining indebtedness hereby NNWW 11111011, at the option of The Equitable Budding and Loan Association of Grand Ind. Nebraska. become unmediatety due and payable without further notes, and the amount remaining due under said bond, and any other bond for any additbnal advatnoes male thereunder, sa11, from the date of exercise of mil options, ben interest at the maximum legal rate, and this mortgage stay dean io foroc4wce [o mtidy the amount dux w said bond,and any odes bald for additronal advances, together with all stns paid by said The lEquitable Building and Loan Association of Grand Island, Nebraska for iris rasce, taxes and assessments, and abstracting extension charges, with interest therm, from date of payment at th nd land, kph rate. As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee any hereafter advance additional stump to the makers of add pond, their assigns or successors in interest, which sums stall to within the sectuity of this niongage the same as the funds originally secured thereby, the total amount of principal debt not to exceed at any tine the mortgage. original amount of this ortgage. this 22nd day of June A. W. 1987 L. one c w neon�-r,_, n Ma E. Kers en FtA OF STATE Of a. On this 22nd day of June 1987 before me. CYH1IdT'Y The Undersigned, a Notary Public it and for mid County, personally cam Constance K. Swanson — Kersten and Mark E. Kersten, each in tier an �{ hi wn r spouse of each other, Who Ar� to W to be the Wirmical person s whom names are affixed to the above instruep as rnorIgaSor s and they severally adussawletillnd the instrument to be their voluntary act and deed, rJ WITNESS my hand seed Notwwl Scat lie date aloresaui. 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