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87.-. is 41'78
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 24,640
<br />KNOW ALL MEN BY THESE PRESENTS: That Kenneth T. Jewell and Mary C. Jewell, each in his and
<br />her own right and as spouse of each other,
<br />Morto_`wh�thone m i�
<br />Thirty -Five Thousand and ro/100------ -- --------- - - of
<br />----
<br />DOLLARS
<br />leaaad to acid mortgagor by The Equitsbk Building snot Loan Association of Grand Island, Nebraska, Mortgage, upon 350 tAaes Of matt of
<br />said AS OCIATION, Certificate No. L 24,846 , do hereby grant, convey and mortgage unto the said ASSOCIATION the folawltq
<br />dsaaibe . lad umiak, situated in HA County, Nebraska:
<br />Lot Eighteen (18), in Hidden Lakes Subdivision Number Two, b6in4
<br />a part of the Southeaster Quarter of the Northeast Quarter (SEkNE'k)
<br />and a part of the North Half of the Northeast Quarter of the Southeast
<br />Quarter (N301EkSED of Section Thirteen (13), Township Eleven (11) North,
<br />Range Nine (9) West of the 6th P.M., Hall County, Nebraska,
<br />together with all the tenements, hereditarrents and appunctances thereunto belonging, including attached floor coverings, all window screahs,
<br />window, shades, blinds, storm windows. awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, slaves.
<br />teGigeratas, and other fixtures and equipment now or hereafter attached to of used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree mlat the mortgagor shall and will pay all taxes and assessments levied or
<br />meased sport said premises and upon this mortgage and the bond secured thereby before the same dog become t; to furnish approved
<br />insurance upon the builds on said premises situated in the sum of S 350 000.00 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 sad [remises;
<br />In caw of default in the perforrtance of any of the terms and auditions of this mortgage or the bond secured hereby, the mortgagee uW,
<br />on demand. be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />modpgee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shed remain
<br />uq=W; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said promises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said incasnte an expenses of repairing mid precision and necessary
<br />ooMmisWW and expenses incurred in renting and meat the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />spoial toward the discharge of said mortgage indebtedness; these righhls of the mortgagee may be exercised at any time during the existence of such
<br />irrespective of any temporary waiver of the same.
<br />These Presents, however, we upon the Condition, That if the said Mortgagor shall repay said lean on or before the maturity of said dares by
<br />payment; pay monthly to said ASSOCIATION of the sum 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 loath is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />said the Band segued thereby, before delinquency, furnish approved insurance upon the buddmp thereon in the corm of S 35, 000.00 payable
<br />to sad ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments said insurance with intersat at
<br />the mxbmm legal rate thereon from date of payment all of which Mortgagor hereby gees to pay; permit no waste on said premises; keep sod omply
<br />with all the agreements and conditions of the Bond for S35, 000.00 this day given by the said Mortgagor to said ASSOCIATION. and comply
<br />with all the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void, odmwiw they
<br />shed remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in making sae 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 forecosure proceedings.
<br />If there is any chaff in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />mowed sleds, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and pay" without
<br />fairtiver notice, and the amount remaining due wrier said bond, and any other bond for any additional advances made thereunder, al", from the
<br />t of exercise of said opt ion, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />hand, said any other bond for additional advances, together with all sums paid by said The Equitable Building and Imo Association of Grand Island,
<br />Nebraska for issuance, taxes and aaesarrre cu, and afhstractig extension charges, with interest thereon, from date of payment at the maximum
<br />hwi ads.
<br />As proysibed in the Bond secured hereby, whtde this mortgage remains in of %d the mortgagee may hereafter advance additional swan to the
<br />raaisn of and bond. their aka or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />aocwM thereby. the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />DOW thba 13th day of July A. D.. 19 87'
<br />STATE OF NEBRASKA, sa. On this 13th day of July !9 87 , before me,
<br />COUNTY OF HALL
<br />the undersigned. a Notary Public in and fm mW County, personally came
<br />Fmmth T. Jewell. and Mary C. Jewell, each in his and her ohm right and as spouse each
<br />othor, WIF0are to
<br />aaa to be the S WMW time B are affixed to the above instrument as mortgagor s and they severmy
<br />acknowledged the am instrument to be their voluntary act and deed.
<br />WITNFM my hand and Notaed Seel the date aforesaid. Z.
<br />1
<br />my comminnim expires "�y "'k,"
<br />Notary hili c
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<br />QI Iii�a cod
<br />It MI!
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