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86-- 104301
<br />TGAGE
<br />MORTGAGE LOAN NO_ — L 24,575
<br />V ALL MEN BY THESE PRESENTS: That Clark E. Poole and Diane M. Poole, each in his and her
<br />and as spouse of each other, Mortgagor, whether one or mare, in considentiaes of dw sutra a of
<br />WMed to Mel mwtpgx by The Fgfdtable Iauildisig and l.uaet Association ofGratd Isb d, r..__.
<br />Nebraska, Mort a+da, 310 ltsrss rf mel o f
<br />sad ASSOCIATION. Certificate No. L 24,575 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real eatale, sittnted in Hall County, Nebraska:
<br />Lot Two (2) , in Block Three (3) , in Kni.ckrehln
<br />Fourth Addition to the City of Grand Islam,
<br />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 ctmilitioning,and plumbing and water equipment and accessories thereto, plumps 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 assenments 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 />etwratce upon the buildings on said premises situated in the sum of S 31 000 00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permieZy 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 />cm 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 premise 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 neamry
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remain , 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 -he 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 Mortssge
<br />and the Boma secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the stmt of S 31, 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 said premiws-keep and comply
<br />with all the agreements and conditions of the Bond for S 31 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws ofsaid ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall 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, or to keep and comply with the agreements and conditions of said Band;
<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 I. ian 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 dote on said
<br />bord,and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />NeMaixa 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 mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makets of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds oniginaBy
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this 2� y of July A. D., 119 $(
<br />uiane m. le
<br />SPATE Or NEBRASKA, I COUNTY OF HALL. On this 28th day of July 19 811 , before one,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Clark E. Poole and Diane M. Poole, each in his and her own right � ' as spouse of
<br />each other, w' o alb personally known to
<br />me to be the identical perion g whose namg., am affixed to the above tmnrumcnt as mortgagor s and thly severally
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />W1114F&S my fund and Notarial Beal the dace aforesitd.
<br />Notary Public
<br />wanrse at "W" MAN- dtarcvd ttibsta
<br />JOANNE ti.NOUSH
<br />M bti11a I* N". 26, 191111
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