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87-105707
<br />MARTc,Ac,F wAN NO. L 244901
<br />KNOW ALL F.NBYTtIF,AFERF,SfNTS :That Dunne A. OreiKosen and JoAnn T, preMosen, each in his
<br />and her own right, and as spouse of each other,
<br />Moxtggpsr, whether am or more. in of the am of
<br />Twenty Five jjgny -md and no/ 100 T---- - .._.. -- _..,._, _.—,...---- ---,,...,,..m-- _— T--a —. DoLLAIKS
<br />kmod to medal by'Tlw Equitable B dldh* aru) Loan Asaociati,n of Grand ]shared, Nebm ks, Mart , uptm 250 Rf seeds of
<br />mid ASSOCIATION. Cartiflcate No. L 24901 , do hereby grant, convey and mortgage unto the add ASSOCIATION the faMeaft
<br />donsvilted
<br />real estate, situated in llah County, Nebraska:
<br />Lot Ten (10), Block Five (5), in Wallich's Addition to the City of Gra•id Island, Hall
<br />County, Nebraska
<br />tgether with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window saocem,
<br />widow slams, blinds, storm windows, awning, heating, air conditioning, and plumbing and water equipment and acoeaaories thereto,pumgs;,st0M,
<br />lefrillerstots, and other ftxtuics and equipnxnt now or hereafter attached to or used in connection with said real estate.
<br />And whereas the aid mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and attenuants levied or
<br />amassed uptim said premises and upon this mortgage and the bond secured thereby before the same shelf become delinquent; to furnish approved
<br />irwnance upon the buildings on said premiss situated in the sum of $ 2 5, 000.00 payable to said ASSOCIATION and to deliver to amid
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about mid premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee dab.
<br />on demand, be entitled to immediate possession of the mortgaged premiss and the mortgagor hereby assigns, trareders and sets over to the
<br />""Posts in the rents, revenues and income to be derived from the mortgaged premises during arch tierce as the tnortppape irdebtednea sinll remain
<br />Etive of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall relay said loan on or before the ttnturity of said shares by
<br />paym m"; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said awn, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; lay all taxes and assessments levied against said premises and on this MortW
<br />and the Boned secured thereby, before delinquency; furnish approved insurance upcm the buildings thereon in the sum of $ 25 , 000.00 payabk
<br />to add ASSOCIATION; repay to said ASSOCIATION upon demand Al money by it paid for such taxes, amommants and inumanee with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste to said
<br />prendees; keep and comgrly
<br />with ed the agreements and conditions of the Bond for S 2 5, 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 them presents dug become null and void, otherwise they
<br />shelf remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of aid
<br />payments or be throe months in arrears in making said monthly paymenis, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mor4agoir agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If them is any change in ownership of the red estate mortgaged herein, by ask or otheywroc, then the entire remaininif indabtadmass hereby
<br />WMW , at the option of The Fquitable Building and t can Association of Grand Island, Nebrsxica, become knotedialdy due and payabk without
<br />fo thsv notice, and the arrntrmtt remaining duce undet said bond, and any other bond for any additional advaftn mark , ft§. fns tea
<br />dot of exercise of said option, bear interest at the maximum legal rate, and this mortgage tray there be foreclosed to ss"y Use amomm due on mid
<br />boW.and any other bow for additional advances, together with all Worm paid by aid The Equitable Budding and lout Association of Grand Ism,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension thanes, with interest tetwn, from date of payment at the traximmn
<br />kod tats.
<br />Aa in the Bond secured hereby, while this mortgage remains in effect the more may hereafter advance additional suam to the
<br />makers o >rd Bond, their assigras or successors in interest, which sums shall be within the security of this mortgage the same as the funds orfgiratly
<br />seemed thereby, the total amount of principal debt not to exceed at any time the original amount of this more
<br />of Septeffber
<br />4
<br />s; t
<br />STATE Of' NEBRASKA. at. On this 25th
<br />fY3URTY OF f1ALI. j1 day of September 1987 bmftme me,
<br />the underaped, a Notary Public in and for said County, perwuulty came
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