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86- Q5 0- MORTGAGE LOAN NO. r. 24,669 KNOW ALL MEN BY THESE PRESENTS: That Samrane Prachanphone and Khmiphoune Praichomphale, each in his and her awn right and as spouse of each other, Mortgagor, whethes one ormose, in conaideraeloa of the sues of banned to said mmtppx by The Equitable Building and Lunt Association of Grand l9&ml, Nebraska, Mortppe, upon 110 slum+of stock of said ASSOCIATION, Certificate No. L 24,669 , do hereby Peat, convey and mortgage unto the said ASSOCIATION the foBow6tg described rat estate, situated in Hall County, Nebraska: Lot Three (3), Block Eleven (11) Bonnie Brae Addition to the City of Grand Island, Hall County, Nebraska, together with all the tenements, hereditatnents and appurtenances thereunto bekmgmg, including attached flow coverings, all window screens, window shacks, blinds, storm windows, awnuip. heating, ait cAutditoning, and plumbing and water equipment and accessories thereto, pumps,stowi s, refrifilmlors, 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 bond secured thereby before the same shall become delinquent; to furnish approved insurance upon the buildings on said premises situated in the sum of S 11, 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 cane of default in -he 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 amps. transfers and sets over to the snor(ppe all the tents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain unpaid; and the mortgagee shall nave the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting the sane and collecting the rents, revenues and income, and it nay pay out of said income all expenses of repairing said premises and necessary twntmusrion; and expenses incurred in renting and managing the saute and of collecting rentals therefrom; the balance retraining, if any, to be applied toward the discharge of said mortgage indcbtedness; these rights of the mortgagee may be exercised at any time during the existence of such default. irrespective of any temporary waiver of the %arm, 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 sum specified in the Band 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 ail taxes and assessments levied against said premises and on this Mortilap and the Bond secured thereby, before debriquency, furnish approved insurance upon the buildings thereon in the sum of S 11,000.00 payable to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance 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 11 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply with all the requirements of the Constitution and By -Laws otpsaid ASSOCIATION; then these presents shall become null and void, otherwise they shall remain in full force and Puy be foreclosed at the optior of the said ASSOCIATION after faduze for three months to make any of said payments or be three mamttu in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond; and Mortpagor agrees to haw a receiver appointed forthwith in such foreclosure proceedings. If there is any charge in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire retraining indebtedness hereby s>cured stall, at the option of The Egtijtable Building and Loan Association of Grand Island, Nebraska,become immediately due and payable without further notice, and the amount to ing due timer said bond, and any other bond for any additional advances made thereunder, stall, from the date of exercise of said option, interest at the maximum legal rate, and this mortgage may then be forechssed to satisfy the amount due on said bond, and any other bond for itional advances, together with all surds paid by said The Equitable Building and Loan Association of Grand island, Nebraska for insurance, taxes asessrnents, and abstracting extension charges, with interest thereon, from date of payment at the maximum le)(d rate. As provided in the ltd secured hereby, while this mortgage remains in effect the mortgagee ttav hereafter advance additional sums to the makers of said Bond, uh* assigns or succ�eaors in interest, which stems shall be within the security of this mortgage the same as the funds originally sectrai thereby the to 1 amount of principal debt not to exceed at any time the original amount of this mortgage. Dot 14th day of October A. D , ly 86 �Nq *tom STATE OF NEBRASU. s. the this 14th day of October 19 86 , before era, C,OIUNTY OF IIALL the undersigned, a Notary Public in and for said County, personalty came Smrarle Prachmphone and Khamphoune Prachtariphcne , each in his and aWr o r; eat cttE n to spouse of each outer, are Mae to beihe identical perums whose Rant% are affixed to the above irtstt+rftunt mortgagor g any, severally n*nowiedpd Hoe raid ii wtuwni tai rte their vtstuntuy act and dead. WITKF.S.S my hand and Nx"W SW to date it"eaid„ j rn xirs i4y Owm 4` a /_l FR _ M1► -anal lu f.