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10$181 MORTGAGE MORTGAGE LOAN NO. L 24,674 Gauthier and Shari M. Gauthier, each in his and her own right and as spouse of each other, Mortgagor, whether one or more, inconsidaationof the stimof Thirty Four Thousand and no/ 100----------------------------------------- - - -- -- DOLLARS loataed to said mortgagor by The Equitable Building and Loan Anociation of Grand Island, Nebraska, Mortgagee, upon 340 shares of stock of will ASSOCIATION, Certificate No. L 24 674 . do hereby grant, convey and mortgage unto the said ASSOCIATION the following daaibed real estate, situated in Hall Coun {y, Nebraska: The Southerly One Half (Sg) of Lots Nine (9) and Ten (10), in Block One (1), in Bartling's Subdivision, in Hall County, Nebraska. together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens, window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories tbereto,pnmps, stoves, refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate_ And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or assessed upon said premises and upon this mortgage and the frond secured thereby before the same shall become delinquent; to furnish approved insurance upon the buildings on said premises situated in the sum of S 3 4, 000.00 payable to said ASSOCIATION and to deliver to said ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises; In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall, on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain 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 the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such default, irrespective of any temporary waiver of the sane. These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by Payment. pay monthly to said ASSOCIATION of the win specified in the Bond secured hereby as interest and principal on said loan, on or before the Twentieth day of each and every month. until said loan is fully paid; pay all taxes and assess^ents levied against said premises and on this Mortgage and the Bond secured thereby, before delinquency, furnish approved i nturmce upon the buildings thereon in the sum of S � 4, 000.00 Wyse to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insnuamce with interest at 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 with all the agreements and conditions of the Bond for S 3 4 , 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply with all the requirements of the Constitution and By4.aws of said ASSOCIATION; then these presents shall become null and void, otherwise they shill remain in full force and may he foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said payments or be three months in arrears in snaking said monthly payments, or to keep and comply with the agreements and conditions of said Bond; and Mortgagor gees to have a receiver appointed forthwith in such foreclosure proceedings. If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby secwed shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without f artier notice, and the amount lemming due under said bond, and any other bond for any additional advances trade thereunder, shall, from the dds of exercise of said option, tear interest at the maximtum legal rate, and this mortgage may then be foreclosed to athsfy the amount die on said bond, and soy other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Islmd, Mebraska for insurance, taxes and assessments, and aborsainig extension charges, with interest thereon, from date of payment at the maximum lend rate. As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally secured thereby, the total amount o(,principal debt not to exceed at any time the original amount of this mortgage. T tftia _20th day October A. D_ 19 86 STATE OF NEBRASKA, COUNTY OF HALL ffi. day of October 19 86 , before me, the undersigned, a Notary Public in and for said County, personally came Francis J. Gauthier and Shari M. Gauthier, each in his and tier Wi right apersoS lyknownto spouse of each other, are star to be the identical person 3 whose name : are affixed to the above instrument as mottgagut acknowledged the said instrument lobe their voluntary act and deed VAINt SS my Fund and Notarial Seat the date afuresad. - My Contru won e%pues it ttNiNAi MDTNtw -Stair N Fitt ratla� 7HOMAgf KINIMAN.11 araar as ' ' Mtl Cams fop Dec. 11, 1997 and they severally Notar> rung 's,.