|
KNOW ALL MEN BY TIIESF MESFNTS: That
<br />each other,
<br />1
<br />86- 104296
<br />MORTGAGE LOAN NO: T. 24,567
<br />Howard W. Daffer and Lorine G. Daf €er, each in his and
<br />Mortgagor, whether one or more, in consideration of the trim of
<br />said moriygot by The Equitable Building and Loan Associatirm of Grand Island, Nebraska, Mortgagee, upon 150 sharea of stodt of
<br />1CIA7ION, Certificate No. L 24 5 ] , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />real estate, situated in Hall County, Nebraska:
<br />Lot Seven (7 ), in Block Twenty Two (22 ), Russel Wheeler's
<br />Addition t;o the City of Gram 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 waterequipment 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 S 15 000.00 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 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 />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 1-fore the maturity of said shoes 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; iuurish approved insurance upon the buildings thereon in the sum of S 15, 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION" upon demand all trxrncy 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 15 000.00 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 />shall rennin 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, 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 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 />dale 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 all suns 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 Brad 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 he 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 />]kited this 21 zY1 day of - A. P., 19 86
<br />- - -- - --
<br />lea
<br />STATE OF NEBRASKA, ss. On this 1 " i day of U1'
<br />COUNTY OF BALL
<br />")86 before me,
<br />L the undersigned, a Notary Public in and for said County, personally came
<br />Howard W. Daffer aryl Lorine G. Daffer, each in his ana her own rig.Nh aiitcs.3 as slv .sSyknown to
<br />each other,
<br />me to be the identical person ;s whow native S a e affixed to lire aNWT inatewnent as mortgagor S and th1_ -y wwrally
<br />acknowledged lite said instrument to be their voluntary act and decal.
<br />WITNF_iS my hand and Notarial Seat the date aforesaid.
<br />My Comntim'or� expucs g
<br />ICA
<br />! Gmfkht NOraar -St,ea of hearat:a i Notary Public
<br />r.ntxtrat - iHC'.`AA. F KINMAN.li
<br />bfi Comm t N.c. 11, 1981
<br />
|