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$6- 106429
<br />MORTGAGE
<br />MORTGAGE LOAN NO. HI -941 FHA_
<br />KNOW ALL MEN BYIMESE PRESENTS: rat Don A. Hoops and Annette C. Hoops, each in his and
<br />her own right and as spouse of each other, Mortgagor, whether tine or more, in cmtsideration of the sun of
<br />Six Thousand Five Hundred and no /100--- - - - - -- – DOLLARS
<br />k aped to said mortgagor by The Equitable BWM is and Loan Association of Grand Island, Nebraska, Mortgagee, upon 65 shares of stock of
<br />said ASSOCIATION, Certificate No. L 111I -841 , do hereby gent, convey and mortgrge unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Three (3), Block Two (2), in Dickey Third Subdivision,
<br />in the City of Grand Island, Hall County, Nebraska, a
<br />resubdivision of all of Blocks Two (2) and Three (3)
<br />Dickey Subdivision and all of Blocks One (1) and Two (2),
<br />Dickey Second Subdivision, both being a subdivision in
<br />the City of Grand Island, NE.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds. storm windows, awnings. heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other futures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assemoent$ levied or
<br />arrested upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to fttrniish approved
<br />insurance upon the buildings on said pre mises situated in the sum of S 61500. 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 auditions of this mortgage or the bond sued hereby, the mortgage shag,
<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 denied 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 sane and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing aid premises and necessary
<br />commissions and expenses incurred in temmg and managing the sane 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
<br />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 shoes by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said ban, on or before
<br />the Twentieth day of each and every month, until said ban is fully pad; pay all taxes and assessments kvied 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 6, 500.00 payable
<br />to said 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 S 61500. 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 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 slap, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska,beenme 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 due 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 Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />Ind rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the tnortm— may hereafter advance additional sums to the
<br />makers of said BOOM, their assigns or successors b interest, which sums stall be within the security of tlus mortgage the same as the funds originally
<br />secured thereby, the total amount of principal de/b�t not to exceed at any time the original amount of this mortgage.
<br />red this /� day of !/ d / OLuD Z A.D., 19 86
<br />1
<br />n . - --
<br />STATE OF NEBRASKA, s On this 12th des of October
<br />COUNTY OF HALL y I9 86 before me,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Don A. Hoops and Annette C. Hoops, each in his and her own right whnod as {� u�enos°ally(n�fh to
<br />other,
<br />sae to be the identical person g whose name s are affixed to the above instrument mortgagor ,, and they severally
<br />ackno iodlied the sod instrument to be their voluntary act and deed. �
<br />WIYNI °S9 my harm and Notarial Seal the date aforesaid.
<br />tsy Commrasum ewe, soft
<br />rrasr wt 9=1 Sam tc
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