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!!MTGAM AND CONSTRUCTION SECURITY AGREEMENT -- _
<br />—. MORTGAGV LOAN W).
<br />KNOW ALL MEN BYDIFSE PRFSHNTS: That Rodney W. Crtuarine and Lisa L, Crttrisrine, each in his
<br />and her own right and an spouse of each other,
<br />Mortospor, whether orue or owe, In considersfim of Ow was of
<br />Uny T o s no and 00 /00 ------------------------ .. -- -- - ...._. ---- ,.-- _ -..w- ...�_
<br />R .-�_.„.._ T - _ —� _
<br />leaped [amid by The Fguilable Bulkiftand t oen Assocation rd trend Island, Nebradrs, Mott , apttn 650 of of
<br />asid AhiMIATW1, Certifier" No. I. 24,898 , do hereby grant, convey and mortgage unto the said A3500ATION the following
<br />described real estate, situated in Nall County, Nebraska:
<br />Lot Fourteen (14), Block One (1), in Brentwood Second Subdivision
<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 scar ans,
<br />win" shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, p umps,stova,
<br />rdrigsratora, and otter fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has speed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon mid premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 65 ,000.00 payable to said ASSOCIATION and to deliver to said
<br />A.SSOCIA77ON the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />[a case of defouht in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgages shag,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transient and sets ova to the
<br />muagugee all the rants, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortpyee dull have the power to appoint any ant or agents it may desire for the purpose of repamirmg said premises and Canting
<br />the sus and collecting the rents, re -enues and income, and it may lay out of said income all expenses of repairing mW premises sad necessary
<br />and a incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />defatak, irrespective of any temporary waiver of the same.
<br />Thew Presents, however, are upon the Condition, That if the said Mortgagor shall repay said ban on or before the maturity of said shares by
<br />paymsnt pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or below
<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 Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sunn of s 65,000.00 payable
<br />to sad ASSOCIATION, repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the lawtitmnt legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for $ 65 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with ad Constitution requirements of the Coitution and By -Laws o?uid ASSOCIATION; then thew prevents shag become null and void, otherwise they
<br />shall remain in fad force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to nape any of said
<br />payments or be throe months in arrears in making mid monthly payments, or to keep and comply with the agreements and conditions of saW Bond;
<br />and Mortgagor snows to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any longs in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining hadelftslam hereby
<br />messed *dl, at the option of The Egautabe Building and Loan Association of Grand Island, Nebraska, become immediately due and payable withal
<br />furtber notice, and the amount retraining due weer said bond, and any other bond for any additional advances made thereunder, shall. from the
<br />dwe of ex hale of said option b interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the smotnt due on said
<br />bond, and any other bond for option, advances, together with all surds laid by said The Equitable Building and Lxm Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the rraximwn
<br />ISO sate.
<br />As provided in the Bud secured hereby, while this rnortgsge remstas in effect the mortgagee may hereafter advance additional sums to the
<br />raskes%of said Bond, their assigns or su=saors in interest, which stuns 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 />day of September A. D., 1987
<br />, t� "",! "-',� "��* ' -' Iii /✓'✓,,'„�„rrR..�
<br />ggt3dney CLu— T ne
<br />14 QL 111fli2! 2
<br />Lisa L. Crumrine
<br />9FATE OF NUIRASKA, ��. Onllra 14th day of September 1987
<br />COUNTY OF HALL before ,
<br />the�p� t ' unary Public an hot Gnat -
<br />,,�p�
<br />Rodney W. Crumrine and Lisa L. Crutnrine, each to tlfs anfis�ier own rig �t an as ttae b
<br />each other, who are personally known to
<br />me to be the identical parson a whose sane 5 are affixed to the above mend u norlpagor n and they severally
<br />the old lasournew to be their voluntary scl and deed, /1
<br />*TMM my hand and No ttaarial S€sl the date stotessid. ' r
<br />My Co expires / 'y 7 '�
<br />sewn as % ..-
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