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37-- 103951
<br />MORTGAGE
<br />MORTGAGE LOAN NO. HI— 852 (FHA)
<br />KNOIM Ala MEN BY THESE PRESENTS: That Ronald E. Maier and Linda Maier, each in his and her
<br />own right and as spouse of each other, Mortgagor, whether one or more, in consideration of this sum of
<br />t1o17.00-- ---- °- -- - °-- ------- --- ° ° °°-- - - - -40 ----- -IX)fa ARS
<br />ktteted to sod mort� Loan or by The Equitable Building and ln Association of Grand Island, Nebraska, Mortgagee, upon shares ofs eek of
<br />and ASSOCIATION, Certificate NOW HI -852 (FHP). do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />dwaibad - estate, situated in Hall County, Nebraska:
<br />The southerly Forty -Nine and Thirty -Three Hundredths Feet (49.331) of
<br />Lot Four (4), in Block Seventy -six (76), Original 'Down, Now City, of
<br />Grand Island, Hall County, Nebraska,
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings. all window stxeens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto,pumpa,goves,
<br />refrigerators, and other figures and equipment now or hereafter attached to in used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />sesested upon sad premises and upon this mortgage and the bond secured thercbv before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 4,000.00 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 default in the performance of any of the terms and conditions of this mortgage a the bond secured hereby, the mortgage shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and seta over to the
<br />nwrW x s8 the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mote :hall have the power to appoint any agent or agents it may desire for the purpose of repairing said protrusive and testing
<br />this same and collecting the rears, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessity
<br />commistions and expenses incurred in renter and the same and of collecting rentals therefrom; the balance if any, to be
<br />splibed toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />Meese Presents, however, are upon the Condition. That if the said Mortgagor shall repay said lean on or before the maturity of said shares by
<br />payment pay monthly to said ASSOCIATION of the stun specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said kart is fully paid; pay all taxes and assessments levied against said premises and on this Mortpp
<br />and the Bond secured thereby, before delmghemcy; furnish approved insurance upon the buildings thereon its the am of S 4, 000.00 Payable
<br />to aid ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such rotes, asseessumts and Weverance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrces to pay; permit no waste on said premises; keep and comply
<br />with am the agreements and conditian of the Bond for $ 4, 000.00tis 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; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to ice any of said
<br />payments or be three months in arrests in staking said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor sprees to have a receiver appointed forthwith in such foreclust re proceedings.
<br />if there h, any change in ownership of the real estate mortgaged herein, by sale or otherwise. then the entire remaining indebtedrtts hereby
<br />asrwed ate, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska. become ' immediately due and payable without
<br />further notice, and the amount rematrung due hinder said bond. and any other bond for any additional advances made thereunder, chaff, from the
<br />date of exetcne of said option, bee interest at the maximums legal rate, and this mortgage may then be foreclosed to satisfy the amount due on add
<br />bond, and any other bood for additional advances, together with all sums paid by said The Equitable Building and Loan 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 />legal no.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee Tray hereafter advance additional soma to the
<br />maters of said Bond, their asups or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />sued thereby, the total amount of lisisicipal debt not to exceed at any time the original amount of this
<br />Dated this 25th day of June A. o., 19 87
<br />E. Malet� f—
<br />Linda Maier
<br />STATE OF NEBRASKA, a. On this 25th day of June i9 87 , before me,
<br />CplN1'7 OF HALL
<br />the undc:aigncii. a Notary Public in and for rod County, personally come
<br />Ronald E. bier and Linda Maier, each in his and her own right and as spouse of eacftl nto Personally Other, who are
<br />ms to be On idavitual permm s whose same s are affixed to the alx»e ustrtuteni as'murtpgor S and they l revwtaity
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