|
L
<br />6-- 104331
<br />MORTGAGE
<br />MORTGAGE LOAN NO. _L 24,581
<br />KNOW ALL MEN BY THFSE PRESENTS: That Barry L. Hopkins and Linda K. Hopkins, each in his and
<br />her own right and as spouse of eaehother, Mortgagor, whether one or time, in consideration of the sure of
<br />F FAnr TMtffiarri Fntrr , _ LLARS
<br />loaned to rods mortgagor by The Equitable Budding and Loan Association of Grand Island, Nebraska, Mortgagee, upon 444 sham or r to& of
<br />said ASSOCIATION, Certificate No. L 24,581 dot here y gage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska: grant, come and nmrt
<br />Lot Six (6) , in Block Two (2) , in West BelAir Addition to the
<br />City of Grand Island, Hall County, Nebraska, being a part of the
<br />West Half of the Southeast Quarter (WIISE #) of Section Twenty (20),
<br />in Township Eleven (11) North, Range Nine (9) West of the 6th P.M.,
<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 conditioning, and plumbing and water equipment and accessories thereto, pumps, sto
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. ves,
<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 44, 400.00 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 before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bend secured herebv as interest and principal on said ban, 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; furnish approved insurance upon the buildings thereon in the sum of S 44, 400.00 payable
<br />to .raid 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 S44 400.00 this day given by the said Mortgagor in said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws o�said 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 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 />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount dire on said
<br />bond,and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand [stand,
<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 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 mortgage.
<br />` of August A. n., 19 86
<br />u �
<br />STATE OF NEBRASKA, COUNTY OF HALL se. Ott this 1St day of August
<br />1986 , before me,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Barry L. Hopkins and Linda K. Hopkins, each in his and her avn right and as spouse of
<br />each other, who are personally known to
<br />me it) be the identical person S whose name s are al fixed to the above Instrument as mortgagor S and t -k?Y severally
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date ahiresaid. %
<br />My Conlolission 'xpires1700`' q73 -
<br />r® -7x.2M Ki (IMtMS- tpuahe :,, -.�a _ N, taryPuhlic
<br />JOAWE Q ROUSH
<br />R
<br />
|