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86-- 142702
<br />..» �. ..�_._.._�..���...- a...___�._�. ._..._.._�.�� 1NORTr:Ar:F WAN NQ. _L_29.s497 __, —�
<br />XNON ALL MEN RY THESF, rRESENTS: 7iha Brett A. Duff and Cynthia M. Duff, each in his and her
<br />cwn h�i ht ag sppoot7R3e Of e h czther, MortPgor, whether one or more, in aoRdderadon of the slum of
<br />Fif Fi t Thou§atid arY3 100_ _ _ ------ _------ ---- -- ----- �oLLARS
<br />hnaned to d apApow by The Fquitsbk SuRding and Loth Association of Grand Island, Nebraska, Mortgagee, upon 580 shares of stock of
<br />OW ASKWIATWN. Cerldieate No. L24,497 . do hereby grant. convey and mortgage unto the said ASSOCIATION the following
<br />sfaaaAh real estate, sitsnted in Hall County, Nebraska:
<br />Lot Forty Farr (44) , Ravenwood Subdivision,
<br />Hail County, Nebraska.
<br />together with all the teorments, hereditamenrs and appurtenances thereunto belonging, mrtading attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, treating, 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 to connection with said real estate.
<br />And whereat the said mortgagor has agreed and does hereby agree that the mortgagcx shall and will pay all taxes and assessments levied or
<br />ataesstd upon said premises and upon this mortgage and the hond secured' thereby hcfoic the same shall become delinquent; to furnish approved
<br />insurance u pods the Wilding; on said premises situated in the sum of S 58,000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIA71ON the policies for said insurance; and not to commit or permit any wate on or about said premises;
<br />In tare of default it the perforrmmcr of any of the terms amt 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 remaoh
<br />unpaid; and the m itgagce shall have the power to appoint any agent or agents it may desue for the purpose of repairing said premises and rent'lg
<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 />rnunninims and expenses incurred in rentirug and managing the same and of collecting rentals therefrom; the balance remaining. if any, to be
<br />applied toward the discharge of yid mortgage mdebtedrres; their rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any tempowy 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 mcathly to said ASSO('IATION of the sum specified in the Bond secured hereby as interest std principal on said loan, on or before
<br />the Twentieth day of each and curry month, tmtil said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />aid the Bowl secured thereby, before delinquency; fwntib approved insurance upon the buildings thereon in the sum of S 58, 000.00 layer
<br />to said ASSOCIATION; repay to sand A.SSOCtTION upon demand all money by t pad for such taxes, assessments and inAustraee with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby asyees to pay; permit no waste on said premises;keep ad comply
<br />with all the agreements and con itioras of Ore Nord for $58, 000.00 this day given by the raid Mortgagor to said ASSOCIATION. and comply
<br />with all the requirements of the Constitution and 8y4.aws of said A&%MIATION; then these presents shall become null and void, otherwise tin
<br />shaft remaaim in full force and may be foreclosed at the option of the said ASSOCIATION after failure for throe months to crake arty of said
<br />payments or be three months in arrears m retaking said monthly payments, w 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 piorxedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by ask or otherwise, then the entire remaining mdebtedneu hereby
<br />secured a". at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the aacttrnt remaining due under said btmd, and any other bond for any additional advances Trade thereunder, shall, from the
<br />rye of emcise of said option, briar interest at the maximum Legal rate, and this mortgage may then be forechaed to satisfy the amount due on said
<br />bomd,and any other bond for additional advances, together with all sums paid by said The Equitable Building anal Loan Auociation of Grand Island,
<br />Nebraska for assurance, taxes and antstnents, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />load trot.
<br />As' ovided le the Bond secured hereby, while this mortgage remains to effect the mortgagee may hereafter advance additional sums to the
<br />MWLM sawd Blind, their assign cot successors in interest, which sums shall be within the security of this mortgage the sane as the funds ortinally
<br />sticwad , the torsi amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />1 12thday of May A. Is , 19 86
<br />STATE OF NEBRASKA, s. the this 12th day M
<br />UXINTY OF BALI. y f air 1986 before me,
<br />the undersagned, a Notary Public in and fat sod County, personally tame
<br />bmtt A. Duff and Cynthia M. Duff, each in his and her can right and wa spouse of edti:��ntu
<br />other, arm?
<br />tae to be the identwarl pert our$ whale Rate g at@ atlixert t., tux show instrument as mrrtgatim g std the }' severally
<br />ackaa+mledgad the said mstcameut to he tttC'..l r vc iwru t .nut seed
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