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86-. 201083
<br />Yflltlr. _ _ See L 22,602
<br />D MTGAGE LOAN NO. - 74.467 Adar 1.
<br />I®h W All. NON by TIC ?RfSEN7S: Thar. Robert L. Stroud and Melissa J. Stroud, each in his and her
<br />am right r� � sspOuge of each other, Mosl7sa, vibad er ace or Uwe, m room desadon of tie sum of
<br />F''
<br />hrned'to and moo tWo by Ike Espsitahle Building and Win Aasaetam of Grand island, NdarzdaL Mtortpyee, upon 50 dwas of soda of
<br />said ASSOCIATION. Certificate No. L 24,467 , do beaby gran, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in lied Cagy, Nebra w
<br />I,ot Fiw (5) , in Block 7taenty —Four (24) , i4, Baker's Addition
<br />to the City of Graw island, Full ODLnty, Nebraska
<br />,s
<br />tap:d= with all the tenements, bereditzments and appurtenances thereunto belonging, including attached floor coverings, aft window screens,
<br />window dudes, blinds, scorer windows, awnukgt, Treating, air conditioning, and plumbing and water equipment and accessories thereto, pmts, Roves,
<br />rdrqnseton, and other fixtures and equipaem 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 asse swems; levied or
<br />as essed upon said premises and upon this mortgage and the bend secured thereby before the same shall become delinquent; to furnish approved
<br />immancs upon the buildings on sad premiss situated in the son 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 premiss:
<br />In sae of default in the performance of any of t:'-e terms and conditions of this mortgage or the bond secured hereby, the mortp pe shall,
<br />on demand, he entitled to immediate possession of the mortgaged premiss and the mortgagor hereby amps. transfers and sets over to the
<br />m ortgopx all the rents, revenues and income to be derived from the mortgaged premiss during such time as the [mortgage indebtedness shaS remain
<br />unpaid, and the mortgagor shag haw the power to appoint any agent or agents it may desire for the purpnae of repaving said ptsunstx red resting
<br />the same and collecting the rent, revenues and imwme, and it may pay out of said income all expenses of repairing said prer®es and necessary
<br />,'off and expenses incurred in renting and man_ agmg the saute and of collecting rentals therefrom; the balsam rc0ming, if any, to be
<br />applied toward the dischuga of said mortgage indebtedness, this rights of the mortgagee may be cxercisd at any time during the existence of such
<br />$;
<br />defatsit,l6Rapt{11Ye of Lev temporary waiver of flit Satre.
<br />Tlww Presents, however, are upon the Coalition, That if the said Mortgagor shg repay said loan on or before the maturity of said Claim by
<br />psymtent, pay monthly to said ASSOCIATION of the arm specified in the Bond secured hereby as interest and principal of said loss. on or before
<br />'
<br />the Twentieth day of each and erery month, until said loan is fully paid: pay a8 taxes and assessments kvsd against said premises and on this Mortgage
<br />a
<br />and the Bond seoased threreby, before delinquency; furmsh approved insurance upon the buildings thereon in the suns of S5, 000.00 payable
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand all money by it paid for such tarts, meats and insauanoe with interest at
<br />the legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said prima; keep and comply
<br />with all the agreements and conditions of the Bond for S 5, 000. DO this shay given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the rapmements of the Constitution and By-laws of said ASSOCIATION. then thew presents shall became null and void, otherwise they-
<br />shag remaut in fink feetx and may be foreclosed at the option of the said ASSOCIATION afaer failure for three months to make any of said
<br />payments of be three months in arrears in making said monthly payments, or to keep and comply with the ageemems and conditions of said bond;
<br />and Mortgagor woes to have a recorver appointed forthwab in such foredosure �.
<br />If there is any change in ownership of the real estate mortgnped herein. by side or otherwise, then the entire reasaining iudebledwo hereby
<br />secured shall, at the option of The Equitable Bolding and Loan Association of Grand Island, Nebraska, become immediately due and poyaiie without:
<br />further notice, and the amount remaining dun under said hood, and airy other bond for any additional advaaaes:made thereunder, ahudl, from the
<br />dame of earras of mid option, bar interest at the maximuun legal rate, and this mortgage tray then be foreclosed to satisfy the a so sat doe on sad
<br />baed,mnd any other bated i'or additional advances, together with all wins paid by said The Fqu itable Building and Loam Association of Gtsd (Wand,
<br />Ne darn" for immmae, taxes and ameseneuts, and abstracting extension usages, with wwrest thereon. from date of payment at the irsxia>wm
<br />b* rate.
<br />As provided in the Bunt secured hereby. while this mortgage remains in effect the mortgagee may hereafter advance additional [amts to the
<br />makers of said Bond. keg assigns or successors in interest, which sum shall be within the security of this mortgage the sane as the funds originally
<br />moored thereby. the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />DRedthat t day of March A -D -.19 66
<br />STATE. OF Nt WASSA, as On this 1St day of March 19 $$ .betas me,
<br />Lik3NT'Y 1W MALL
<br />the undetsur a Itiotary Public an and for said County. pertsinadyeaame
<br />Rcbert L. Stroud and Melissa .:., Stro-W, each in his and k)er cwn rig 14.arl lS C' �1
<br />arc
<br />otmr,
<br />tae to bee Elie Arvrlacal pets:") S whhcsr name S are affixctd to thA otx iv imart.iunient as retort w S and t )2-y severally
<br />mow; the seise re turmew t a be their a 4wrtsrw asst and deal
<br />:ITM'S.1 my izae.S a no Nt.tarW sest the Utt a k; csxxi.
<br />£ „�"L,✓ z.: ,s % `l.t��y ,r..a. r.,� ♦ -fir '.'..
<br />- �ael�ala�a rvcataty Puh)aar.
<br />�a at �pfptMlt a III1111N
<br />,k r� TWO
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