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gas— 103038
<br />MORTGAGE -
<br />tdoR7GAGE LOAN No. L 24.509
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<br />KNOW ALL MEN By THESE PRESB.A m: That Steven Ray Rerucha and Patricia L. Rerucha, each in his
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<br />and her own right and as spouse of each other, MoAgagor, whether one a more, in consideration of the /.. of
<br />igUmfi DOtIARS
<br />_ lbalsand and m1100
<br />bawd to said mortgagor by The Equitable MWWWng and Low Association of Grand Island, Nebra lea, Mortgagee, upon 180 daises of stock of
<br />add ASSOCIATION, Certificate No. L 24,509 , do hereby gent, convey and mortgage unto the said ASSOCIATION the following
<br />described real est ate, situated in HA County. Nebraska:
<br />Lot Five (5), Block Two (2), VoitlerS Addition to the City
<br />of Grand Island, Ball County, Nebraska and the easterly forty (40) feet of
<br />vacated Poplar Street adjoining the westerly property line thereof.
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<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coveratg, 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.
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<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 />nuatranoe upon the building on said premises situat" in the sum of S 18, 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 prcmies;
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<br />In case of default in the performance of any or 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 afi the rents, revenues and income to be derived from the mortgaged premises diving such time as the mortgage indebtedness shag remain
<br />unpaid; and the mortgagee shag have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
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<br />the seine and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />incurred in the therefrom; the balance if any, to be
<br />commissions and expenses renting and managing same and of collecting rentals remaining,
<br />toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />irrespective any temporary waiver of the same.
<br />of
<br />These Presents, however, are upon the Conditi. n, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; hay monthly to said ASSOCIATION of the stun specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum Of S 18, 000.00 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 211 of which Mortg por hereby agrees to pay; permit no waste on said premises; keep andoomply
<br />with all the agreements and conditions of the Bond for S 18 000.00 this day given by the said Mortgagor to said ASSOCIATION, and coca*
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<br />with all the requirements of the Constitution and By4.aws otrsard ASSOCIATION; then these presents slag become null and void, otherwise they
<br />shag remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, of 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 cheap in ownership of the red estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />alamed shag, at the option of The Equitable Bmlding and loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />fitAher notice, and the amount remaining die under said bond, and any other bond for any additional advances made thereunder, shag, from the
<br />deft of axerebe of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and 2111), other bond for additional advances, together with all wins paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraillta for iiwrance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maxi urn
<br />.eyd rate.
<br />As provided aim the Bond secured hereby, while this mortgage remains in effect the mortgagee stay hereafter advance additional sums to the
<br />makers of said Bond, their assign or successors in interest, which writs shall he within the security of this mortgage the same as the funds origitaly
<br />twinned thereby, the total amount of principal debt not l0 exceed it any time the original amount Of this mortgage.
<br />D&O this 9 of „JUIle A. U.. 19 $(
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<br />STATE OF NEBRASKA, on this 9th day of June 19 86 , before me,
<br />COUNTY OF IiALL
<br />the undersigned. a Notary public in awl for said County, personally one
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<br />Steven Ray Rerucha and Patricia L. Rerucha, each in his and her owQ,,,fight andpA&j?WM
<br />to
<br />of each other,
<br />me to be Ow identical person S whose name s are affixed to the above instrument s mortgagor S and try -, severally
<br />acicm w4edged the svditauument to be their voluntary act and deed. f
<br />IIe771VIS.S tarry hand artd Notarial Seat the date aforesaid. f
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<br />My Commission expim � \
<br />barer at y
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