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gs_ 104240
<br />MORTGAGE
<br />MORTGAGE LOAN NO. T. 24_x_568 _
<br />KNOW ALL MEN BY THESE PRESENTS: That Melvin L. Boroff ant Margaret A. Boroff, each in his and
<br />her own right and as spouse of each other, Mortgagor, whether one or more, in gyration at the sum of
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<br />shares
<br />, loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 55 shtnres of stock of
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<br />and ASSOCIATION, Certificate Nn. L 24,568 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
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<br />described real estate, situated in Hali County, Nebraska'
<br />Lot Three (3) and the Northerly One —Half of Lot Five (5), all in
<br />Block Twenty Eight (28), in Highland Park, excepting therefrom
<br />the South Seven Feet (71) thereof, an addition to the City of
<br />Gram Island, Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />heating, air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br />window shades, blinds, storm windows, awnings,
<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 />this and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />assessed upon said premises and upon mortgage
<br />insurance upon the buildings on said premises situated in the sum of S5, 500.00 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:he 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 time as the mortgage indebtedness shall remain
<br />have the to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />unpaid; and the mortgagee shall power
<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 />the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />commissions and expenses incurred in renting and managing
<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 />the specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />payment; pay monthly to said ASSOCIATION of sum
<br />the Twentieth day of each and eve ry month, until said loan is fully paid; pay all taxes arid assessments levied against said premises and on this Moripse
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of 5 5 500 .00 payable
<br />interest
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<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments an tasurance with 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 5, 500 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />Constitution By of said ASSOCIATION; then these presents shalt become null and void, otherwise they
<br />with all the requirements of'the arid -Laws
<br />remain in full force and may be foreclosed at the option of the said ASSOCATION after failure for three months to make any of said
<br />stall
<br />payments or be three months in arrests 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 />Building [.clan Association of Grand Island, Nebraska,become immediately due and payable without
<br />secured shall, at the option of The Equitable and
<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, beat interest at the maximum legal rate, and this nortgage may then be foreclosed to satisfy the amount doe on said
<br />together with all sums by said The Equitable Building and Loan Association of Grand Island,
<br />bond,and any other bond for additional advances, paid
<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 Bored secured hereby, while this rtncrtgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns of successous 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 />Dated this 24th day of ] duly A. D.. 19 86
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<br />Miret A. Bar
<br />STATE OF NEBRASKA, ss on this 24th day of July 19 86, before one,
<br />COUNTY OF MALL
<br />{ the undersigned, a Notary Public in and for said County, personally came
<br />Melvin L. Bcroff and Margaret A. Boroff, each in his alxl N--r own rice al',d as WWkAwMCh
<br />me to be the identical peruse whose name y ajrL aitixcd to rt,e atarve instrument �ls mortgagor g and � y severalty
<br />uknowiedged the said instrument to be the r — 1waaty art and decd.
<br />WTfNFNS my land and Notarial Scal its: dare ai-t and
<br />My Cmruiuva.,n cxpavi
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