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<br />MORTGAGE 1U3290`.
<br />MORTGAGE LOAN NO- L
<br />KNOW ALL MEN BY TtIFSE PRFSFM: That Hal J. Maggiore and Jobi -Anne &ggiore, each in his and
<br />her Own right and as spouse of each other, Mortw, oee or dorm,. oo.awatica of pis nm iw
<br />m/100
<br />loaned to said —Opgor by The Equitable glolding and Loan Association of Grand Island, Nebraska, M-4w. irpoe 623 tirtas of atwit`ef _
<br />said ASSOCIATION, Certificate No. L do hereby gent, mmey and mortgage unto the aid ASSOCIATION tie foiany"
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Ztao (2) , Block Four (4), Kay -Dee Subdivision �� £
<br />City of Grand Island, Hall County, Nebraska.
<br />M N x,
<br />v.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attadiod floor cove all window sts«ta,
<br />window shades, blinds, storm windows. awnings, heating, air conditioning,and plumbing and water equipment and accessories thereto,pumpa,stovM
<br />refrigerators, and other Fixtures and
<br />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 S 62, 3 20.00 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 terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall ,
<br />on demand, be entitled to immediate possession or 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 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 nay 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 collectinrg 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 I e 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 Mortgages:
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $62, 320.00 payable r
<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 premises; keep and comply
<br />with all the agreements and conditions of the Bond for s 62,320.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requitermilts of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full fora 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 aid monthly
<br />and Mortgagor g s payments, or to keep and comply with the agreements and conditions of said Bond;
<br />gago agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged hercm, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured 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 attiount due on said
<br />bond,and any other bond for additional advances, together with all surns paid by said The rquitable 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 naximum
<br />legal late.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, 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 murtgage.
<br />tad th" 19th day of June
<br />A. n.,19 86
<br />STATE OF NEBRASKA,
<br />COtJNTY OF HALL a this 19thday of ' Une 19 86 , before mre,
<br />the undersigned, a Notary Public in and for said County, personally come
<br />e Hal J. Maggiore and Jubi AyAlMaggiore, each in his arri lk r owt gilt persm}��tvi
<br />0
<br />me to be the identical person S whose name s are affixed to the 2N)w instrument as murtgagur S and tlx:Y severally
<br />arknowle the said Instrument to be their voluntary act and deed
<br />ttMtimal WITNM m!' hand and Nottarial Seal the date aforeaid.
<br />let t \ 4 C !
<br />�_.`° ti, J�ORggSF '',•Nb.l,,, VvK 1 1 4 � _`���l,bl'1A4.. ! . -,�_
<br />r►rw.rsr ar A °1. tl Notary Nbhc
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