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g fi_ 103893
<br />MORTGAGE
<br />MORTGAGE LOAN NO. __-L_ 24,540
<br />Sill L. Barnes and Mai garret Mary Barnes, each in his and
<br />her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />_MwntjC SratrPn Thrum_arrl�„ /t�j)-- ---�.— -- DOLLARS
<br />tanned to said mortppr by The Equitable Building and Lawn Association of Grand Island, Nebraska, Mortgagee, upon 270 shares of stock of
<br />said ASSOCIAi70N, Certificate No. L 24,540 , do hereby grant convey and maurtgage unto the said ASSOCIATION the following
<br />described MI estate, situated in Nall County, Nebraska.
<br />The Westerly Sixty One (61) Feet of the Easterly
<br />Eighty Two (82) Feet of Lot four (4) , Block One (1) ,
<br />in Westerhoff's First Subdivision, in the City of
<br />Grard Island, Hall Gotuity, Nebraska.
<br />ttWillm %rill all the tenements, hereduamenis and appurlenances theTelulto belonging. including attached floor arvenngs, ali window screens,
<br />window shades, blinds, storm windows, awnings, heating, air a;ndittonang, 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 wnncctt,,n nrth and real estate
<br />And whereas the said m attgagot has agreed and does betehy agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this rnorig3ge and The Mind wcured thereby hetote the same shall liecome delinquent: to furnish approved
<br />Mlairanct upon the btuldmgs on said prenuses situated in the suer, of S 27, 000.00 payable to said ASSOC CATION and to deliver to said
<br />ASSOCIATION the policies for said insurance, and not lu cr!m:no or fxraut any waste on or abtsut said plemnes.
<br />In Lase of default in the periormattce sir my of the terms and condatoos of this mortgage or the blind secured hereby, the mortgagee shad,
<br />on demand, he entakd to ininediatc pax scion of the imirigaged premises and the nnorigagot hereby ,signs, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to f+t dermrd from the inortgaged premises during stud time as the mortgage indebtedness shall remain
<br />unpaid: arrest the nrxtgagce shall hayv else r—or [+: app:n o any agent sir a);enis it may desrrr For the purpose of repairing said premises and renting
<br />the saint and 4011COing the lents,:eve.nuvs and triwirx, and it may pav out of said income all cxpcnsas sat repairing said premises and necessary
<br />commusions and expenses incurred in fenttng And rrurineinR the same and if colle,. -rote r—Iji, therefrom the balance remaining, it any, to be
<br />pl?t•led toward the discharge of said morlg p mdchtedritu, ilww relit%of the nusigai;t•r srtay be exeTclsed at any firm dulllig the existence of such
<br />default, .rrespec -t.ve of any rornp, a , K-s +sac: of the sar:rc
<br />There frescnis, however. arc oprm tar f'vndttkm. That it the said sdovtl;agur ihail ttpay sand loan stn or t.Khoic the malutily of said shares by
<br />payment -, pay ""rithly to wad AS3(X-r AT%0N if the sum sp.csfied in the B,m,r m - -i hooch. ss mmrest and principal on said loan, oat or before
<br />the Twentieth day of each sod every nu,nf lr. until tail loan tai fully peed. pa. all tare end .- .,vicar: Irvied agyrnst said promises and an this Mo116C
<br />,Mild the [frtnd V%;Uftd tnctcby, hCjoic dcltngwficy. tuitinip apptovcd insutancec upon f is buildings Mrieun in the sum of 5 27, 000.00 payable
<br />to said ASSCK-IATKyty, tepa)r to card ASSOCIATION up. +n dciniol l all lw,mv by rr paid fur such taxC5, asaessments and nnstlrantt with mlerest 81
<br />the maximum Legal rate a—ton iwm date of payroe t alt nt wfuci: Moo tipg— brr.hy -gores to pay, permit no waste on said premises, keep and comply
<br />with all the agreements acrd conditumu of the uond for s 27, 000. UU
<br />>¢ this lay given by the said Mortgagor to sand ASSOCIATION, and comply
<br />with aU the roqurrtrnents of tux C <snsrnurun and By -taws of said ASS(XIAl 10",. then these presents shalt heCUnrC null and void, otherwise they
<br />shall ternam ill full fwu and roar be tr,:rciosed at the ::p[eon of the yid .Ati.SCX't.ATTION aft., failure for three months to make any of said
<br />payments of be three rtionths in ArfeAts in ntlking said nWnthiv payments, err to keep and conspty with tike agretaxnia and conditions of said [fond;
<br />and Mnrtgegor agrees to have a wcoviet ,ppointrd forthwith in such tinecfoxure pr,. :ctedtngs
<br />If there is any change in imnership r.,f the real estate rnortgalged hercm, by sale or otherwise, then, the entire remaining indebtedness hereby
<br />secured shall, at the option of The I•quitable, Building and Loart Association if [.rand lsland. Nebtaska, become tmmedutely dux and payable without
<br />further notice, and the artsiuns remaining due under sand bond, and aril, urea i Mond for any additionai advances made thereunder, shall, from the
<br />date of extras: of said option, hear mrrrrsl at the .maxtinum legal rate, and this mortgage may then be foreclosed to satisfy the Amount due on said
<br />bond, and any other Mind kit Additional adyarxea, together with all sums paid by said The I.qultable Building and Loan Association of Grand island,
<br />Nebrinka for insurance, taxes and asacuments, and abstracting extension charges, with infeteit thereon, from date of payment At the maximum
<br />legal rate
<br />As proyski: in the lkinu whored hereby, wiuk thus morigagr rrmams in eitect the tmrrtgagee may hereaiter advance additional sums to the
<br />makers elf said Bond. then Assigns "t successols m ottrrest, which• sums shall he wrthrn the srcunty of this nurrigage the same as the fundsortginally
<br />mr,tried themisy, the total ow,, nt of txtnerpal debt not ti. exceed at any — ehr , -glnal amount sit tiers mortgage
<br />Dated this — 2nd day of July t D. 19 86
<br />97ATk n5; t PHkASKA.
<br />("Ot)N`iY 0)- itAI_I- ♦1 �
<br />July is tb , before ate,
<br />Ile a dol- ugnod,.e Nn1aiA public er. end for card County, personally came
<br />8111 L. Barres antl Mazq,irvt !Mary Barmas, eaCh in his alai ta'r +-uri rtyfat and as sFx>� ut
<br />each other, who personally crown it)
<br />r �/i
<br />me tax be the fddem icai prs i.rr. iii whtw rian+e 3 are af1!sed ti, the :Mire rnsit uttlrnt as )nor F'Wor a and the }' severally
<br />a *nr) tilted the 'Aid lsolfur'Arw a,. pe 010ir nahtntary .At acid +lied i
<br />1411 NI'AS mri toes-! ".I Nv'tarsxl Seat the Batt atoms x! .
<br />�.v ,i�.,r :xvsna...npercx ���� � � a •� �
<br />xIa7M R) 'j �fy isttiin`
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