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<br />MORTGAGE LOAN NO,
<br />KN(YWALLMENNYTHESFPRFSPNT'i:Th4t Brunie ,I, Zschlifnan and Sydney A. Eachliman, each in his
<br />and her own right, and as spouse of each other,
<br />Mortgagor, whether ow of more, in consideration of ft mea of
<br />Twenty Two Thou gur_Hun --- —_- - - - - -�- -- .-� ------- --- / 7
<br />levied tm ONd by The 134oltabl a Budding and Low Association of Grand Island, Nebraska,Mortgow, upon 224 of ar
<br />oW ASSOCIATION, Certifeato No. L 24931 , do hereby grant, convoy and mortgage unto On sold ASSOCIATION Ow
<br />described fudiawks
<br />road emote, situated in HER County, Nebraska:
<br />Lot Fourteen (14 ), Hawthorne Place, an Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />toWber with all the tenements, hereditam ants and appurtenances thereunto belonging, including attached floor covers, all window screens,
<br />window shades, blues, 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 stall and will pay all taxes and assomaraeou levied or
<br />assassed upon said premises and upon this mortgage and the bond se d J ebb efore the same atoll become delinquenC to furnish
<br />insussaice approved
<br />upon the buildings on said premises situated in the sum of $ L 14 • U" payable to said ASSOCIATION wW to deliver to sailif
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In can of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shwa,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets orar to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall retain
<br />and the mortgagee stall have the power to appoint any agent or agents it may desire for the purpose of rapsvhrtg said premiass grid rghtaig
<br />the aims and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and
<br />conandizion necessary
<br />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 rte existence of rich
<br />defitult, irrespective of any temporary waiver of the sore.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said sharps by
<br />piayment; pay monthly to said ASSOCIATION of the sum specified in the Bond scored hereby as interest and principal on said lean, or or Wore
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and aaxsarhrenta levied against said
<br />premises and on this
<br />and de Bond secured thereby, before delinquency; fumish approved insurance upon the buildings thereon in the sum of S 229400.00
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and h asurance with inn rc 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 S 22,400. 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 said ASSOCIATION; then these presents stall become null and void, otherwise they
<br />slnB ..main in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to rake any of said
<br />pyments 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
<br />MO"94Pf 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 shy, at the option of Tlic Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br />further notice, and the amannt remaining due under said bond, and any other bond for any additional advances made thereund.r, stall, from the
<br />daft of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy On amount due on said
<br />bond, and any other bond for additional advances, together with all suns paid by said The Equitable Building and Loan Association of Grand Island,
<br />ftd for guts, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />rate.
<br />As provided in the Bond sectored hereby, while this mortgage retrains in effect the mortgagee nay hereafter advance additional sums to the
<br />makers of add socared Bomb, their assigm or success in interest, which sums shall be within the security of this nwdgW the sane as the funds originally
<br />, the total wa mat of principal debt not to exceed at any time the original amount of this mortgage.
<br />this 6th — day of November A. n., 1987 .
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