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w 86- 10147R
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<br />MORTGAGE LOAN NO. L 24,474
<br />KNOW ALL MEN BY THESE PRESENTS: IIW Jams A. Stauss and Carol J Stauss, husband and wife;
<br />and Caroline J. Stauss, a single person, Nlocippoir, whether one or snow, at comaiderstion of the stent of
<br />--anri and rn.110n DOtLARS
<br />leaned to said martMorbyllicEquitablell 01- and Low Association of Grand Island, Nebrmka,Mor:p@ac,upon al of & of
<br />150 auns; AD
<br />NW ASSOCIATION, Certificate No. L 24,474 do hereby grant. convey and mortgop unto the mid ASSOCIATMM the FaIllowieg
<br />real estate, situated in Hall County, Nebraska:
<br />Lot T welve (12), in Block Six (6) in Dill and Huston's
<br />Addition to the City of Grand Island, Hall County,
<br />-Nebraska.
<br />loyedw with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, ad window screens,
<br />window shades, blinds, storm windows, awnings, besting, air conditioning, and plumbing and wincrequipmentand accessories therew.pumptgoves,
<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 tam and assessments levied or
<br />assessed upon said premises and upon: this mortgage and the bond secured theTeby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 15, 000.00 payable to said ASSOCIATION and to dam to said
<br />ASSOCIATION the Policies for said insurance. and not to commit or permit any waste on or about said premises;
<br />In caw of default in the performance of any of the term and conditions of this mortgage or the bond secured hereby, the mortgagee *AIL
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, rimulers and peft over to the
<br />AKWIPPe A the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebuximen SW seam
<br />unpaid; and the mortgagee shall have the power to appoint any anent or agents it may desire for the purpose of repairing said premises and renting
<br />the sam and collecting the rents, revenues mid mcome, and it may pay out of said income all expenses of repairing said premises and neceasary
<br />ccissunissions and expenses incurred in renting and managing the sum and of collecting rentals therefrom; the balance samisaing, if any, to be
<br />applied toward the dischup of said mortgage indebtedness; these rots of the mortgagee may 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 "I repay said loan on or before the maturity Of =A Shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or below
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied aping said premises and on this Mortgage
<br />and the Bond severed thereby, before delinquency, furnish approved insurance upon the buildings thereon in the gun of l5f00().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 premiser;keep and comply
<br />with all the agreements and cuiiiiitiom of the Bond for $15 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By-laws of said ASSOCIATION; then these presents A" become null and void, odutrwise they
<br />shall remain in full force and nay be foreclosod at the option of the said ASSOCIAIION after failure for three months to make any of said
<br />payments or be three months in arrears to making said monthly payments, or to keep and comply with the agreements and coadaiiku of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings_
<br />I€ there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />sitcured shall, at the option of The Equitable Budding and Loan Association of Grand Island, Nebraska, become immediately due and peyabk without
<br />fifirth" notice, and the amourit remaining due under said bond, and any other bond for any additional advances made thereunder, Auk from the
<br />date of exorcise of said option, bear interest at the maximum lend rate, and this mortgage may then be foreclosed to satisfy the amount due an OW
<br />bond, and any other bond for additional advances, together with all mum paid by said The Equitable Budding and Low Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maxinvans
<br />IMW wale.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sum, to the
<br />maters of said Bond, their assigns; or successors in interest, which starts 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 />Dame Hdc 26th L March A. 11, 19 86
<br />1 I
<br />& N U LA 477� L I
<br />-41-0-3ne J.C/16tauss
<br />��aLV.L LW. Q LOW
<br />STATE OF NEBRASKA,
<br />COUNTY Of HALL m
<br />On this 26th day of March 19 86 , before e,
<br />the undersigned, a Notary F'Ubtk- in and for said County. peraoindlycame
<br />Jams A. Stauss and Carol J. Stauss, husband and wife; and Carolirk- J. Stauss, a single
<br />person, who personally Known to
<br />me tote thrAes""person S wimse name s are affixed to the atttvc instrument as mortgagor S and tkey '-tirviiijilly
<br />acknowlisilrd the SW instrume"i to be t1TE it voluntary act and der-J.
<br />VATNESS my kind and Notarial Sat the date aforesaid.
<br />MY Cf,"TMONKM Ckpoes
<br />�-Ven�r 12" ^qq" L
<br />N 7% -11 lot X. Notaiv fubiw
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