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86- 105611
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 24,626
<br />KNOW ALL MEN BY THFSE PRESENTS: That Laurence L. Holmes and Cheryl A. Holmes, each in his
<br />and her own right and as spouse of each other, Mottgagtar, whether one or more, at ooandusitioa of dw oust of
<br />–9j&tqep Tho usand and n0/100--- - - - - -- - --- - — -_ - - - -- - ---- -- -- – – – ---- ---- "OLLf►RS
<br />lmsned to will nawipago by The Equitable Building and tAran Asncialion c, Grand Island, Nebraska. MottPeee, upon 180 ihaea of am* of
<br />aid ASSOCIATION, Certificate No. L 24, 626 , do hereby gent, convey and mmtgsee unto the said AMWAnM the foawbg
<br />desicrAwd real estate, situated in Hall County, Nebraska:
<br />Lot Twenty Six (26) in West Heights Addition to th,e
<br />City of Grand 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 condrtt<riang, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures aid 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 chat the mortgagor shall and will pay all taxes and anesianents Levied or
<br />annanae 1 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 sad premises situated in the sum of S 18, 000 .00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the polities for said insurance; and not to commit or permit any waste on or about said premises:
<br />In ox of default in the performance of any of the terms and conditions of this moortpge 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 />motpgee 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 tenting
<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 necemry
<br />commissions and expenses incurred in tenting 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, fitat if'the said Mortgagor shall repay sad kin on or before the (maturity of said shares by
<br />payment; pay monthly to sad ASSOCIATION of the stun 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 lean is fully paid, pay all taxes and asressr writs levied against said premises and on this Mortgage
<br />and the Wind secured thereby, before d elinqueney; famish approved insurance upon the buildings thereon in the sum of S 18, 000.00 payable
<br />to and ASSOCIATION; repay to said ASSOCIATION upon demand all money by it pad for such taxes, assessments and insurance with interest at
<br />the traxirnu n 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 conditons of the frond for S 16, 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 remain in full force and may be foieckwd at the option of the said ASSO(IATION after failure for three months to make any of said
<br />payments or be three months in wreats in making said monthly payments, or to keep and comply with tote agreements and conditions of slid Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any charge in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indJXedneu hereby
<br />seared doll, at the option of The Equitable Budding and Loan Association of Grand Isiand, Nebraska, become immediately due and payable without
<br />further notice. std the amount rcrnaming due under sad bird. and any other Mid for any additional advances made thereunder, dual, from the
<br />date of exercise of said option, bear interest at the maximum kgal rate, and that mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other Mod for additional advances, together with all sums paid by said The Equitable Btuddittg and laoatn Association oaf Grand Islatad,
<br />Nebraska for insurance. taxes and assessm cis, and abstracting extension charges, with mtarest thereon, from date of payment at the nutaimum
<br />lepl rate.
<br />As provided in the Bond secured hereby, white this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or suctxsuirs in interest, which sums shall be within the security of this mortgage the sane as the funds originally
<br />reared thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />I)•led the � /� day of Sept-ember
<br />ti
<br />STATE OF NEBRASKA, � s. On tl s ltFt day of v'.eir;: er 14 bfa before site,
<br />COUNTY OE HALL.
<br />the undersagwd, a Notary lhtbtic in std for said County, personally tense
<br />"urelice L. c bins and
<br />of each Ooh.: ..w!'tci ,il ,. pefrxtiuBly km�wn to
<br />me Ica Fie the ideal" perscm.. ^, a.tni.se nartr .if"; affixed to 11r. abu.ive uosoruniew as rm otgsgur Arid t l'o wvrnuy
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<br />VA T'iES'S nq fsstkt and Notarial Seal foie ditto ate. Cow d
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