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Mortar, whether ON or Mora, in Consideration of the Was of
<br />Eleven Thounand and no 100 -- -----------------------------------------------------
<br />_, _ �__ tiff[ I AIts
<br />Waned to said mwtggw by The Equitable Building and loan Association oft ;rand fsland, Nebraska, Mar , upon 110 *use of stock of
<br />oM ASSOCIATION, Certificate No. L 24912 do hereby grant, convey and mortgage unto the said ASSWIATION the fallawiap{
<br />described real estate, situated in Hall County, Nebraska:
<br />Got Seven (7), Block One (1), Meves First Addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />together with 38 the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refri®eraton, and other fixtures and equipment now or hereafter attached to or 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 May all taxes and assessments levied or
<br />assessed upon said 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 $ 11 , 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 or 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 sets over to the
<br />mortpW all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness Pall rcna w
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses 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 />default, irrespective of any temporary waiver of the sane.
<br />These !resents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares 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 loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bard secured thereby, before delinquency; fumish approved insurance upon the buildings thereon in the sum of S I 1 , 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises ;keep skid comply
<br />with all the agreements arts conditions of the Band for $ 11 , 000.OQhis 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; (lien 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 make any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgtya agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the reap estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become unmediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, ", from the
<br />doe of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount die on said
<br />bond, sand any other bard for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains In effect the mortgagee may hereafter advance additional sums to the
<br />makers of saM Bard, their assigns or successors in interest, which sums 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 />Dated this 5th day of October A. D., 19 87 .
<br />n A-. eville
<br />R"Z at aka J. ev eCT—'
<br />STATE OF NEBRASKA' E ss. On this 5th day of Octcber 19 87 , before rite,
<br />COUNTY Of' IIALI.
<br />the dersigned a Notary Public in and for said County, personally came
<br />John R. Neville and Barbara J, Neville, each to its and her
<br />own right and as spouse of each other who are personally known to
<br />ras to be the Wentical person s whoa. name: s are affixed to the above instrument a murogagof s and they severally
<br />the said instrument to be their voluntary act and deed.
<br />WITWAS my hand and Notarial Seal the date alm"id.
<br />My Comm' n expires
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<br />anasst rat y sty hk
<br />�1N1lt,a r
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