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103214
<br />v,.
<br />MORTGAGE
<br />MORTGAGE. LOAN NO. L 24, 514
<br />KNOW ALL MEN BY THESE PRESENTS: That David W. Holmquist and Patricia L. Holaquist, each in
<br />his and her awn right and as spouese of each other, Mortgagor, whether one of more, in consideration of the sum of
<br />Thirty SIX nd and n0 /100 ----- -- ---" DOLLARS
<br />loaned to said mortgagor by The Equitable Budding and Lout Association of Grand Island, Nebraska, Mortgagee, upon 360 shoes of stock of
<br />said 'ASSOCIATION, Certificate No, L 24,514 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />The South Half (Sl,) of Lot Eight (8) and the North
<br />Thirty Seven (37) feet of Lot Nine (9) , all in
<br />Block Two (2), Bel Air Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, 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.
<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 />insurance upon the buildings on said premises situated in the sum of $ 36, 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 $aid premises;
<br />In case of default in the performance of any of 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 all the rents, revenues and income to be derived from the mortgaged premises during such torte as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall 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 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 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 36, 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 on $aid premises ;keep and comply
<br />with all the agreements and conditions of the Bond for s 36, 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 shall become null and void, otherwise they
<br />dull 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, tar 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 We or otherwise, then the entire remaining indebtedness hereby
<br />Wilted shall, 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 amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise 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 any other bond for additional advances, together with ail sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this truntgage retrains in effect the mortgagee may hereafter advance additional sums to the
<br />makers If said Bonin, their assigns or successors in interest, which sums 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 />ted this 1� day of June A.D., 19 86
<br />STATE OF NEBRASKA, I ss On this 1 l tl� day of
<br />CUIINIY OF HALL June 19 86 , before nit,
<br />the undersigned, a Notary Public to and for said County, personally came
<br />David W. Hoinquist and Patricia L. Holaquist, each in his and ter Ron right and, s
<br />of each other, w +t are personamy kngwn Ia
<br />mID to be the uleaticat person s whose name 5 axe affixed f0 the AN— instrument as morn ar S
<br />gag and they severally
<br />a a-lcnowledgprd the aid instrument fo be their voluntary act and dad.
<br />Wffd'iH"sS my hand and Notarrat "e
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