|
MORTGAGE _ 86-100187
<br />MORTGAGE LOAN NO. HI-825 EJJA
<br />KNOW ALL MEN BY THESE PRFSENTS: That RCna ld A. Steuben aril Margaret A. S'Peuben, each in his
<br />and her ohm right and as spouse of each other, Mortgagor, whether one or more. in c rtMeration of the stun of
<br />Lei rrM"r..ci wirsci -u nria arvi d0 1100--------- LLARS
<br />Maned to uW mortgagm by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 51 shares of stock of
<br />said ASSOCIATION, Certificate No. L HI -825 FHA , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Five (5) , Block One (1) , Holcarlbs
<br />Highway Hares 2nd Addition, City of
<br />Grand Island, Nebraska.
<br />together 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 />assessed upon said premises 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 5,091.40 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 mortgagee 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 />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall retain
<br />unpaid: and the mortgagee shall have the power to appoint any agentbr agents it may desire for the purpose of repairing said premises and renting
<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 necessary
<br />commissions 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 mui tgagee nay be exercised at any time during the existence of such
<br />default, 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 said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the [kind secured hereby as interest and principal on said ban, on or before
<br />the Twentiethday of each and every month. until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgap
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 5,091. 40 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 prenuses;keep and comply
<br />with all the agreements and conditions of the Bond for S 51 091 40 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -paws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may he foreclosed at the option of the said ASSOCIATION after failure for three months to wake 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 indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loam Association of Crand Island, Nebraska,bectrne immediately due and payable without
<br />further notice, and the armouni remaining due under said bond, and any other bond for any additional advances made thereunder, shall, 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 dire 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 stuns 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 anwuni (if principal debt not to exceed at any lime the original amount of this mortgage.
<br />i--D_XS�this 6TH day of January A. D., 19 86
<br />*Olola A.
<br />Ji
<br />5'f "'. OF NEMASKA, mit.h J;unt:uy
<br />g. On this day of 1986 ,before tote,
<br />f:fKINTY OF HALI.
<br />the undersigned, a Notary Public in and for said County, pettionallycatne
<br />LRomid A. Steuben and Margaret A. Steuben, each 111 his atxl iter cxa 'Fight n it ;t to
<br />a1G each other,
<br />rrw t+.r be the rrlentkap person g whose name s are altixed to ncc above insiramenl as mortgagor F and LhLy severally
<br />ackwwwledleed the said instrument coo be heir voluntary act and deed.
<br />Wil NNY, my haud and Notarutl Seal the dais atmeserd %
<br />My 1 <IMIDIasaoo expires
<br />N rtary 1'trblra
<br />+a re rw a t f�f. NIMS+IWa M fsslnala
<br />jalU & IL WAN
<br />w bm "NK it taw
<br />I
<br />
|