|
Tf,AGB
<br />MORTGAGE LOAN NO, 1
<br />KNOW ALL MEN BY THESE PRESENTS: Tint Randy L. Evans and Cynthia S. Evans, each in his and her
<br />own right, and as spouse of each other,
<br />Mort r one or mesa, in of the Was of
<br />Seventy F ive T an no 100 _ --
<br />------ _ ------ _-- --_a4_ DOUARS
<br />lowasid to said mortgagor by The P.quitable Budding and Ltan Association of Graod Island, Nebr , M , upon 750 Of flocis of
<br />said ASSOCIATION, Cadif`wate No. L 24932 , do hereby grant, convey and modgar unto the ASSOCIATION the fallowft
<br />described read estate, situated in Hall County. Nebraska:
<br />Lot Five (5), Block Nineteen (19), Charles Wasmer's Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />topther with all the ten®ments, 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 assessamentil levied or
<br />assessird upon said practises 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 S 75 , 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 mortgagea shad,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness dahi remain
<br />unpaid; and the mortgages And have the power to appoint any agent or agents it may desire for the purpose of repairing sad premises and renft
<br />the and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing mid premises and necessary
<br />and is pensea incurred in renting and managing the sane and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the d" diarge of said mortgage indebtedness, these rights of the mortgagee may be exercised at any time during the existence of Rich
<br />cult, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of mid shares by
<br />payment-, pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said Bart, 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 Mortm
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 75,000.00 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 prendsas;keep and comply
<br />with all the agreements and conditions of the Bond for S 7 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 sail ASSOCIATION; then these presents And become null and void, otherwise they
<br />shall remain in fall 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 Mortpgor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any cheap in ownership of the real estate morn herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immedletely due and payable without
<br />further notice, and the amount remaining dote under said bond, and any other bond for any additional advances made thereunder, stall, from the
<br />date of "ercisis of sail option, be interest at the maximum legal rate, and this mart may then be foreclosed to satisfy the amount due on r!d
<br />and any other bond for additional advances, together with all arms paid by said The Equitable Building and Loath Association of Grand Island,
<br />Nebnoka for insurance, taxes and asisessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />kw rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgages may hereafter advance additional sums to the
<br />makers of said DOW, their assigns or succemis in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />Tancurail thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />thin 29th y of October A. n., t9 87.
<br />n Y G g —
<br />jll t `lti l_ t sl .s�
<br />see 5. ZVSLKIS
<br />STATE OF NEBRASKA, } se. out this 29th des
<br />OF HALL t y of October 14 8 7 ,[afore mesa,
<br />COUNTY the understried, a Notary Public in and for mid County, persionally came
<br />Randy L. Evans and Cynthia S. Evans, each in his and her own rightwho are personally known to
<br />
|