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A.
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<br />TIAGfi — —:-
<br />MORTGAGE WAN NO. _HZ B 5 FHA
<br />KNOW ALLMENBYTHP „SEPRESENTS:That Thomas W. Barnes and Nancy G. Barnes, each in his and her
<br />own right and as spouse of each other,
<br />mortgagor, whether one or boxes, in cor4mongion of "as mm of
<br />n no /100 ---------------------------------------------------- -- ---- DOLLARS
<br />Mond to said trompagar by The Equitable Bonding and Loan Association of Grand Island. Nebraska, Mortgages, upon 50 of stock of
<br />rid ASSOCIATION, Certificate No. HI 865 FHA , do hereby grant, convey and mortgage unto the rid ASSOCIATION the (allowing
<br />described real estate, situated in Hall County, Nabra,s:a:
<br />The North Forty -Four (44) feet of Lot Two (2) in Block Twenty -One (21), in Scarff's
<br />Addition to West Lawn, in the City of Grand Island, Hall County, Nebraska, and a
<br />tract of land lying adjacent thereto and being a partof what was formerly West 17th
<br />Street in the City of Grand Island, Nebraska, as vacated by said City by Ordinance
<br />Number 3993 dated May 15th, 1963, and more particularly described as follows, to-
<br />wit: Beginning at the Northwest corner of Lot Two (2), in Block Twenty -One (21) in
<br />Scarff's Addition to West Lawn, in the City of Grand Island, Nebraska: Running
<br />thence East along and upon the North line of said Lot Two(2) to the Northeast corner
<br />of Said Lot Two (2); thence running Northerly on a prolongation of the East line of
<br />said Lot Two(2), for a distance of Fourteen (14) feet; thence running West parallel
<br />with the North line of said Lot Two (2), to a point on a prolongation of the West
<br />line of said Lot Two(2); thence running South on a prolongation of the West line of
<br />said Lot Two (2), for a distance of Fourteen (14) Feet to the Northwest corner of
<br />said Lot Two (2), being the point of beginning.
<br />topther with all the tenements, hereditatornts and appurtenances thereunto belonging, including attached flow coverings, all window
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in amnection 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 assessussists levied or
<br />assessed upon sahi premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />instorance upon the buildings on said premises situated in the sum of S 5 , 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 caw of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgalpic 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 />mortgave all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness remain
<br />rema
<br />unpaid; and the mortgage shall have the power to appoint any agent or agents it may desire for the purpose of re�irimg said premises and rent
<br />the same and collecting the rents, revenues anti, income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and exppeents incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the d'ucharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any Besse during the existence of retch
<br />dei'atdt, irrespective of any temporary waiver of the same.
<br />These 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 />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 Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 5 , 000.00 payable
<br />to and 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 and comply
<br />with all the agreements and conditions of the Bond for 5 5 ,000.00 this day given by the said Mortgagor to aid ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shall bewrns null and void, otherwise they
<br />tall 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 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 intlebtedisess hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nrbraska, become immediately dote and payable without
<br />further notice, and the amount remaining doe under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount doe on said
<br />bmtd,and any other bond for additional advances, together with all sums paid by said The Equitable Budding and Loan Association of Grand Imo,
<br />Nebraska for insistence, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />Ind rate.
<br />As provided in the Bond sectored hereby, while this mortgage retrains in effect the mortgagee may hereafter advance additional sums to the
<br />tWi�d Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the sane as the funds o
<br />accused thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dowd this 21st day of October A. D., :9 87 .
<br />W. a! e
<br />STATE OF NF. ICA, 9 OF a. On this 21st day of October 1987 , before no,
<br />COUNTY HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Thomas W. Barnes and Nancy G. Barnes, each in his and her own who are personally known to
<br />right, and as spouse of the other,
<br />me to be the icy m ri s whomes are affixed to the above instrument as tr J
<br />it r s and they severally
<br />rte ssidl ' t to Fsa their voluntary art and deed.
<br />WITNUSS my hood and Nothrisl Seal the data oforewid.
<br />MY. Commission V-poes
<br />e ns �
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