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86--- 103213
<br />MORTGAGE LOAN NO. L 24,521
<br />KNOW ALL MEN BY THEM PRESENTS: Thu Larry L. Brtmmund and Kathy M. Brtmmund, each in his
<br />and her own right and as amuse of each other, Mortgagor. wbadm one or mote, in comlaer tim of the ssva of
<br />Eighteen T'hoasand and no 10 _ ------ r -" bO11 ARS
<br />loaned to srd'ttsoitgypor by The Equitable )iuild� and Low w Association of Grand Idead, Nebta>>ta, htort6aaue' upon 180 of atodt of
<br />ail ASSOCIATION, Certificate No. L 24, 521 , do hereby grant, cnrtvey and mortgpr unto the said ASSOCIATION the following
<br />described reW esia te, situated in Hag County, Nebra9ta:
<br />Lot Seventeen (17), in Bartelt Subdivisioti of part of
<br />Lots Seven (7), Fifteen (15), Sixteen (16), Seventeen (17),
<br />and Eighteen (18) of the County Subdivision of part of the
<br />South Half (S') of Section Five (5), Township Nine (9)
<br />North, Range Nine (9) West of the 6th P.M., Hall County,
<br />Nebraska.
<br />Iglaher with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window scrams,
<br />window lades, 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 />messed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />its,nana upon the buildings on said premises situated 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 premises;
<br />In case of default in the performance of any of the tew o and conditions of this mortgage or the bond segued 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 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
<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 mortgagee nay be exercised at any time during the existence of such
<br />ate, 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 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 all of which Mortgagor hereby agrees to pay; permit no waste unsaid psemues;keep and comply
<br />withal the agreements and conditions of the Bond for $18, 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the C-.inatitution and By -Laws of said ASSOCIATION; then these presents shag become null and void, otherwise they
<br />shag revision is fug fora and nay 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, 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 stall, at the option of The liquilable Building and loan AsstKia►ion of Grand Island, Nebraska, become immediately due and payable without
<br />fsrdw notice, tad, the atsount mmmining due under said bond, and any other bond for any additional advances made thereunder, shag, from the
<br />daft of exercise w aid option, bew interest at the maximum kpad rate, and this mortgaoc may then be foreclosed to satisfy the amount due on said
<br />bard, and awy odta bond for additional advances, together with all sums paid by aid The Equitable Building and loan Association of Grad tslsod,
<br />Na`roks for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the snaximnmt
<br />Is�atlate:
<br />As provi led in the Bond secured thereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sutra to the
<br />maiters of sad Bond, their assigns or suctiesom in interest, which sums shalt be within the security of this mortgage thhe same as the funds originally
<br />socared tbamby, line total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Doled thia 16th day of June A. n., 19 86
<br />UU- - - -- —
<br />STATE OF NBBRASIU, On this 16th day of June 19 86 , before ne,
<br />COUNTY OF HALL
<br />the undersigned. a Notary Public in and for said County, personally are
<br />Larry L. Bru mund and Kathy M. Brunmund, each in his and her own r of and a .."W t.
<br />each other, are
<br />so to be the Wnuiat person S whose name ® a,CL affixed to the above instrument n mortgagor s and they severally
<br />adcaowb4p4 the sad mattwoom to be their vOuntary act anddemd.
<br />I1ITY11ISS my laud cad !}ritsrud!imai the date aforesaid. 1
<br />My C;rgn""Wi a txprex 5! t h J r }I f J i
<br />N Mary Public
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