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<br />MORTGAGE 86-- 104887
<br />MORTGAGE LOAN NO- L 24,595
<br />KNOW ALL MEN BY THESE PRESENTS: That Gary G. Martin and Vickie L. Martin, 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 />Thirty NAm Thousand Two Hundred and no/100 - - - -- - -- — ---DOLLARS
<br />loaned to said mortgagor by The Ftfustahle Budding and Lotim Association of Grand Island, Nebraska, Mortgagee, upon 392 shares of stock of
<br />Said ASSOCIA71ON, Certificate No 1, 24 595 do, hereby plant, convey and mortgage unto the said ASSOCIATION the following
<br />ccruffly, Waska:
<br />described real estate, situated in 11111)
<br />Lot Three (3), in Block Two (2), in Westerhoff's Second Subdivision,
<br />being a resubdivision of the South Half of the Blocks Three (3)
<br />and Four (4) and the North Half of Blocks Five (5) and Six (6) ,
<br />Westerhoff's First Subdivision in the City of Grand Island,
<br />Hall County, Nebraska.
<br />together with all the tenements, hereditarivents and Appurtenances thereunto belonging, including attached floor covenngs, all window screens
<br />window shades, Winds. storm windows, awnings, healing, air cunditiurring, and plumbing and water equipment and accessories thereto, purr[M.,.Ve.:
<br />refrigerators, and other fixtures and equiprocrit now or hereafter attached to it used lot connection with =it real estate-
<br />And whereas the said mortgagor has agreed and daft hereby agree that the ristifigagor -hall and will pay all taxes and aseetistrients levied or
<br />_assessed upon said premises and upon this niongalle, and the bond reclued thereby before the am shall become delinquent: to furnish approved
<br />insurance open the buildings on said premises situated in the sum of S 39, 200.00 payable to said ASSOCIATION and to deliver to said
<br />,4,SS()CIATfON the policies for said insurance, and not to commit i" permit any waste on or about said premisn
<br />In case of default in the peffoFmania: of any of the term and conditions of this nwrtpgc of the bond Secured hereby, the mortgagee Shan,
<br />on demand, be entitled to unmediale possession of flit motipped premises and the mortgagor hereby assigns, transfers and sets over to the
<br />molrigive all the rents, revenues and income: to he derived from the tritittgaged premises during such time as the mortgW indebtedness %hall regain
<br />unpaid; and the montgallic shall have the power to appoint any War or Weirs it may dome for the purpose of repairing said preemses and renting
<br />the lame and collecting the mrsu, revenues and income, and it may pay inn of said income all expenses of repairft sad premises and necessary,
<br />commutations and expenses incurred in tooling surl managing the same and of collecting rentals therefrom the balance mmu**. if any, to be
<br />applied toward the diu-.hwgc of said mortgage todelitedwss, thew rights of the mortgagee may be exercised at any time during the existence of Such
<br />default, irrespective of any remptwary waiver of the same
<br />These Presents, however, are upon the Condition,'That if Ore said Mcstsislaor shall repay said loan on or before the maturity of said shares by
<br />.payment: prey rwnthly to ,aid AW)CIATION of the sum specified in the Bond sosmied hereby as interest and principal on said loan, on or before
<br />the T-cutwih day of each and everv, month, until said loan a fully paid, pay all taxes and assessments levied allsoust said premises and on this Mortgage
<br />and the Bond seoued whereby, before delinquency; furnish approved inaluance upon thtbuAdiW thereon in the Run of$ 39,200.00 payable
<br />11) %ard ASSOCIATIO`s: repay to said ASSOCIATION upon demand all money by a paid for such taxes, staftarnents and insurance with interest at
<br />stir iniourroun legal rate thereon from date of payment all ol-which Mortflatiturr, hereby qVftt to pay; permit no wasta on said premises; keep and comply
<br />with all lite agrevinnis and conditions of the Bond for S 39 200.00 this day given by the said Mortgagor to said ASSOCIATION. and comply
<br />with 211 the requitements of the Constitution and SylAwssad ASSOCIATION. then thew presents shall become null and void, otherwise they
<br />strall ternion in full force and may be foreclosed at the option of the said ASSOCIATION aft" failure for three months to make any of Said
<br />payrneolt or he three months in arrears in mak* said morithly payments, or to keep will comply with the agreements and conditions of Said Bond;
<br />and Mort~ apers to have a receiver appointed forthwith in such foreclosure proceedings,
<br />If their a any change in owoetship of the real eiruile mortgaged herein, by Side or otherwise, then the entire remaining indebtedness hereby
<br />Secured "U, at the opt" of The Nuilable Budding and Loan Ansictarnort of Grand Isbrid, Nebraska, bocom isms edixt6y due and payable without
<br />further notice- sod the antsmot remaining due under Said bond, and any imber bond for any additional advances made thereunder, shall, from the
<br />date of exetcric of said option, bear interest at the mistrisixturn kjW rate, will this moctSW may then be foreclosed to Satisfy the amount due no Said
<br />bond.ind any other bond for additional advances. together with all ramo poll by mid The Equitable Building and Loan Association of Grand Island,
<br />Ntliestika lot insurance, taxes and Assessments, and abstracting catermsm, charges. with interest thereon. from date of payment at the rnasimum
<br />lop] (Ste
<br />At pomided in tire Wind secured twieby, while this mortgage remains in effect the nxwtgagee truly hereafter advance adifitional Awn to the
<br />makri* 4 said bond. their asittlyis in suietaints in interest, which sums; shaft be within the security of this mortgage the same as the fundis; originally
<br />Secured thereby, the total amount Of principal nor to exceed at any time the original amount of this trtrartW.
<br />flated day tit Augu!:t A LS-t466
<br />STAIVOU NPARASKA, On this 12th day of AUgUSt 19 before "a,
<br />11"INTY(wilAtf
<br />the vaidersigneCii Notary public in and lot Said County. perminstlycit"
<br />(;dry G. Martj rj al-il VjVi',j4 I., Hartlif, each jrfl his aw her cWti riqht as six:r
<br />cxtv r "AW an�i AlOw ,
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<br />4w I,- r* fe b."t oto. a drl'� stalked W the llbow lu'llulnefil as nuor"llot 'i and t ja'y everally
<br />.k—*Wtj$,d ft,r *set a"i.0toeat vo4onlit'l, sl,1 Sint iWil
<br />Sit f-41 -J Notalopt .cal in, '14" 0iotr%did
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