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86-- 105878
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 24,660
<br />ALL MEN BYT jFsE rRESENTS: Tbat Ralph E. Hescock and Imogene r, Hescock, each in his
<br />ana her own right and as spouse of each other, Mortgagor. whether one or mot ,intaorsidtaatiorafahenteof
<br />Twenty Thousana Eight Hundrea ana not 100 --------------------------------------- - DOLLARS
<br />bred em said tooripflot by The Equitable and Loan Association of Grand Island, Nebraska, Mextgare, upon 208 ttlsara of midi of
<br />sad ASSOQAT[ON, certificate No. L 24,660 do hereby pant. convey and rrlortg�e unto the said ASSOCUTWN the fonowing
<br />described real estate, turreted in Hall County, Nebraska:
<br />Lot Five (5), in block Five (5), of Koehler Place, an
<br />addition to the City o! Grand island, Hall County, NE,
<br />and:
<br />Lot Two (2), Block One (1), in Koehler Place, an
<br />addition to the Ci,,y of Grand Island, Hall County, iE
<br />together with an the tenements, hercdnarients and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window $hail$, blinds, storm windows, awnrigs, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps stoves,
<br />refriettators,and other fixtures and cquipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the ao mortgages itau *iii d— d �de t !-ehv astee that the mortgagor shall and will pay all taxis and anesments levied or
<br />assessed upon aid pmatisea and upon this mortgage aril the bold secured thereby beforc ii. zawc ;.9 bec._sns? Winauent: to furnish approved
<br />insurance upon the buildings on sand premises situated in the sum of S 2U,800.00 payable to said ASSOCIATION and to deliver to save
<br />ASSOCIATION the pantries 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 (A the terms and conditions of this mortgage or the bond secured hereby, the mortgape shall,
<br />on demand, be entitled to immediate pussesaiun 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 $ball remain
<br />unpaid; and the mtxtgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing aid premises and renting
<br />the same and collecting the tents, 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 mmutpng the same and of collecting rental therefrom; the balance remain ttg, if any, to be
<br />applied toward the discharge of said mortgage indebtedness, these rights of the murtgagtx may be cxereaaed at r,-.y time diuuig the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />Thew Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said cares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Elena secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, wail said ban is fully paid; pay all taxes and •sressnsents 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 20, 800.00 PaYAW
<br />to aid ASSOCIATION; repay to said ASSOCIATION upon dcmwd assessments all money by it paid for such taxes, asse and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Motgagor hereby agrees to nay; permit no waste on said premises; keep andcomply
<br />with all the agreements and conditions of the Bond for S20 800.00 this day given by the said Mortgage to aid ASSOCIATION, and comply
<br />with all the requirements of the Constitution and 8y4Aws of said ASSOCIATION; then thew presents shall become null and void, otherwise they
<br />shah remain in full fora and may be forexlowd at the option of the said ASSOCIATION after failure for three months to make any of aid
<br />payments or be three months in arrears in making said monthly payments, of to keep and comply with the apeements and conditions of aid Bond;
<br />arwi Mortgagor agrees to have a receiver appointed forthwith in such fOteiI0511re procxedings-
<br />if there is any range in ownership of the real estate mortgaged herein, by sale or otherwise, them the entire remaining indebtedness hereby
<br />secured shah, at the option of The Equitable Building and Wan Association of Grand Idand,Ncbras a,become immediately due and payable without
<br />Curter notice, and the amount remaining due under said bad, 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 legd rate. and that mortgage may ten be foredoaed to satisfy the amount due on said
<br />bond. and any other bond for additional advances, together with all sums paid by said The Equitable Buhldvg and Loan Associatiom of Grand island,
<br />Nebraska for insurance, taxes apd assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />ked rate-
<br />As provided in the Ikxd secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />ranlsers of aid Bond. their assigns or succesvas 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 prawpd debt not to exceed at any time the original amount of this mortgage.
<br />v this day of A D, 14 86
<br />R
<br />S'P'ATE OF NEBRASKA, a. On his � S fP day of tv bb , before mc,
<br />COUNTY OFIIAIL
<br />the weiersquied, a Notary Pubhc in and for std <'nmmty, personally came
<br />Ralph E. tsescocx arxi lrnagene P.Hescocx, eacri in his and ner own -,Wit and a$etl �ttwwnto
<br />of each other,
<br />me to be the identical prism 5 wtasr names are affixed to the shave instrument as mortgagor ; and t l )ey WWMIly
<br />acknowledged the said instrument w be th"i r voluntary ace and deed J
<br />tY"I %S�my hared and Notarni Sral the dair aturead ---��
<br />ltitaS r w ►;r'r N w
<br />rr f+iramr. fop Notary Public
<br />waaat f, 11B7
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