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%_ 106390
<br />MORTGAGE
<br />MORTGAGI! LOAN NO.
<br />KNOW ALL MEN BY THESE PRESF.NTS =That Toddy A. Glauae and Vicky J. Glause, each in his and bar
<br />own right, and as spouse of each other,
<br />_M w whether am orrm",ina sold" im of 01rimo
<br />Seven Thousand sloe no/ 100 ----------------------- T
<br />to ' by "w Equitable scut Iaan Amocstkon of t;rartd ishuml, Neb , M ,upon 70 tsf of
<br />ASSOCIATION, Certificate No. L 24931 do hereby great, convey and mortgage unto the said ASSOCIATION the f
<br />described real
<br />ss, situated in flail County, Nebraska:
<br />The Easterly Forty Four (44) Feet of Lot Six (6), Block Two (2), in tdiebe's Addition to
<br />the City of Grand Inland, Hall County, Nebraska,
<br />lagtther with all 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 />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 or
<br />amessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurastec upon the buildings on said premises situated in the sum of 3 7 , 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for mid insurance; and not to commit or permit any waste on or about said premises;
<br />In cast of default is the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the modgWe shall,
<br />an demand, be entity to immediate possession of the mortgaged premises and the mortgagor hereby assigns, tramlen and sets over to the
<br />all the rents, revenues and income to be derived from the mortgaged premises during such time as the indclatedrim shall mown
<br />unpaid; std the mortgagee dull have the power to appoint any agent or agents it may desire for the purpose of repairing mid premises and renting
<br />the saint and costing the rents, revenues and income, and it may pay out of said income all expenses of r said premises and necessary
<br />commission and expenses :Warred in renting and managing the same and of collecting rentals therefrom; the balance remain*, B' any, to be
<br />applied toward the d'mchar� of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the eistence of suet
<br />default, irrespective of any temporary waiver of the same.
<br />Them Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said sores by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby s interest and
<br />the Twentieth day of each and every month, until said loan is fully id; Y principal is said loan, on Mortgage before
<br />Y � �Y all taxes and rats levied t mid prtmists and on firs
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of s 7,000.00 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 promises; keep and comply
<br />with all the agreements and conditions of the Bond fors 7,000. 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with ail the requirements of the Constitution and Bylaws of said ASSOCIATION; then these presents call become null and void, otherwise they
<br />sn6 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 Baud;
<br />and Mortgages agrm to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate nwrt herein, by sale of otherwise, that[ the entire remaining hadebtedoess hereby
<br />seemed shall, at the option of The Equitable Building and Loan Aviation of Grand Island, Nebraska, become immediately due and pay" without
<br />further notice, and the amount remaining due under said bond, and any other bondd for any 2MU01181 advances made there, stall, from the
<br />daft of exache of said option, bear interest at the maximum legal rate, and this mortgage tray then be foreclosed to satisfy the amount due on said
<br />bond,and any other band for additional advances, together with all sum 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 />Ind rate.
<br />.:j:::kd in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />Bo
<br />seek said Bond, their assigns or suc essm 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 />11" "Jili ,99th - ,., day of October A. n., 1987.
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