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87-- 106055
<br />MORTGAC#U
<br />MORTGAC,F LOAN No, L 24919
<br />KNOW ALL MEN BY TtlFiF PRESENTS: That Dorothy Lanfear, an unmarried person,
<br />Mortgagor, whother on or mom. In aorafdaNion of dis rum
<br />Twenty Two Thousand Four Hundred and no /100 - -- -- DOLLAi
<br />loaned to said mortgages by The Equitable Building and [Aran Association of Grand Island, Nebraska, Mortgagee, upon 224 awn of atoek
<br />staid ASSOCIATION, Certificate No. L 24919 , do hereby grant, convey and mortgage unto the said ASSOCIATION the fogowl
<br />described real estate, situated In Nall County, Nebraska:
<br />Lot Three (3), Block Nine (9), in West View, a Subdivision of the Southeast Quarter of
<br />the Northwest Quarter (SE}NWk) of Section Seventeen (17), Township Eleven (11) North,
<br />Range Nine (9) West of the 6th P.M., Hall County, Nebrarka,
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, an window act=
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto,pumps,stov
<br />refrigerators, 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 pay all taxes and assessments Levied
<br />sasaseed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approv
<br />insurance upon the buildings on said premises situated in the sum of S 22,400.00 payable to said ASSOCIATION and to deliver to at
<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 fond secured hereby, the mortgagee stn
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to I
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time u the mortgage indebtedness shall retm
<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 renti
<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 neceser
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, U any, to
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of su
<br />default, irrespective of any temporary waiver of the same.
<br />Thee Presents, however, are upon the Condition, That if the said Mortgagor shall repay said ban on or before the maturity of said shares
<br />payment; pay monthly dr said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or befc
<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 MortSl
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 22 ,400.00 poyal
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest
<br />the maximum legal rate thereon from dale of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises keep and coml
<br />with all the agreements and conditions of the Bond for s 22 , 400.00 this day given by the said Mortgagor to said ASSOCIATION, and coml
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise th
<br />stall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of a
<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 But
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure. proceedings.
<br />If there is any change in ownership of the real 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 immediately 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, shah, from the
<br />dale of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond 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 said Bond, 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 />otltea this 15th 3,y of - - - - -- October n. n.. 19 87 .
<br />Dorothy anfear �:
<br />STATE OF NEBRASKA, se. can this 15th day of October 1987 before me,
<br />COUNTY OF FIALL
<br />Dorothy Lanfear, an unmarried person the undersigned, a Notary Public in and lot said County, personally carne
<br />who i s personally known to
<br />me to be the identical person whose name is affixed to the above instr m s mortgagor
<br />acknowledged the said instrument to be her voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforessut
<br />My Commission expires
<br />Is' MOP 0I �
<br />. w
<br />Maw
<br />slid slue severally
<br />,Mary- t� drlk
<br />
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