|
L86--, 105480
<br />MORTGAGE
<br />MORTGAGE LOAN NO, _ L 24,648
<br />KNOW ALL MEN BY THESE PRESENTS: That Gary R. Mader and Ellen M. Mader, each in his ; and her
<br />own right and as spouse of each other,
<br />bred to tand wArWex by The Fgwubk ButUaq anti t.or Asodation of Grand lshtd, Nebraska, Mmipsm. upon 535 tiaras d loclrof
<br />raid ASSOCIATION, Certificate No. L 24,648 , do herby pant, convey and mortgage unto the said ASSOCIATION tier fallowing
<br />ttsstsA real estate, sNussted in Hal County, Nebn*a:
<br />(3) Bonney Subdivision,
<br />together with A the tenements, hereditaments and appurtenances thereunto behrnging, including attached floor coverings, an window screens,
<br />window shades, blieds, storm windows, awnings, beating, an amditioning, and plumbing and water equipment and accessories thereto, pumps,stovea,
<br />refrigerators, said other fixtures and equipment now or hereafter attached to or used in mntneetion with said real estate.
<br />And whereas the said mortgagor her agreed and does hereby agree that the mortgagor shall and will pay all rases and asesameets levied or
<br />atsesed upon said premises and upon this mortgage and the bond secured thereby before the same d all become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 5 53, 500.00 payable to said ASSOCIATION and to deliver to sic
<br />ASSOCIATION the policies for sic insurance. and rot to commit or permit any waste on or about said premiss;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond sectored hereby, the mortgagee shall.
<br />on demmid, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortplee all the tents, revenues and into n: to be derived from the mortgaged premises during such time as the mortgage indebtedness span tdmnm
<br />unpaid; and the mortpagec shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and rearing
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premiss and necessary
<br />commissions and expenses incurred in renting and niansging the same and of collecting rentals therefrom; the balance remaining. if any, to be
<br />applied toward the discharge of said mortgage mdebtedne s: these rights of the mortgagee may be exercised at any time during the existence of such
<br />dejtnrll,.irrespective of any temporary waiver of the same
<br />lihese 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 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: furnish approved insurance upon the buildings thereon in the sum of S 53, 500.00 lay"
<br />to said ASSOCIATION. repay to said ASSOCIATION upon demand and all money by it paid for such taxes, assessments and insurance with interest at
<br />the nsximmun legal rate thereon from date of payment all of which Mo igagor hereby agrees to pay; permit no waste on said premisex;keeli "comply
<br />with all the agreements and ounditio s of the Bond for S 53, 500.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Isws of said ASSOCIATION, then these presents shall become null and void, otherwise they
<br />shaft 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 owneidup of the real estate mortgaged herein, by sale or otherwise, then the entire remaining milt btedness hereby
<br />sexahred shall, at the option of Tlw Equitable Building and Loan Association of Grand Island. Nebraska, become immediately due and payable without
<br />further notice. and the amoaat rerrairung 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 na ianuin legal rate, and this mortgage nay then be foreclosed to satisfy the amotat due on aid
<br />bead, said ry other bond for additional advances, together with all sums paid by aid The Equitable Building and Loan Association of Grand Isatd,
<br />Nebraska for irnsnaasim, taxes and assessments. and abstracting extension dnrget., 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 />maim of mid Bond, their assigns or succesurs in interest, which suits shall be within the security of this mortgage the same as the funds originally
<br />thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />8 .Oared this r---, 29t4 day of September A. D., 19 86
<br />STATE OF NEBRASKA, s pit this 29th day of September 19 do, Were true,
<br />CY)Ulfl'Y OF HALL
<br />the undersigned, a Notary Public in aid for said County, personally wore
<br />Cary R. Mader ane Ellen M. Mader, each in his and tier uwn right a �astr� oust
<br />other,
<br />me to be the identical persons whose tame s are affixed to the above instrument mortgagor acrd t hoy revetdy
<br />aclinowlalgad the said instrument to be their voluntary act and lord.
<br />wITNi tiS my hared and No twW Seal the date afirfmid.
<br />My Comnuaum rspu
<br />--- __ , MWOLIN No�a[y Py�Yfk
<br />i
<br />
|