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<br />MORTGAGE 86- 106592
<br />MORTGAGE LOAN NO.
<br />KNOW ALL MEN BY THESE PRESENTS: Tirol David E. Springer, a single person,
<br />Mortgagor, whether one or more, in conAdsntion of tLe stmt of
<br />Eighty Thousand and no/ 100----------------------- -- --------------------- -- -- - - -- DOLLARS
<br />kmW to said morWW by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 800 dwo of stock of
<br />said ASSUCiATIoN, cataimte No. L_241 6 j'l , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />', , " e I real estate, situated in Had County, Nebraska:
<br />Lot Two (2), Platte View Subdivision, Hall Co., 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 fixtures 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 assessments levied or
<br />assessed 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 said premises situated in the sum of S 80, 000.00 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 caw of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee span,
<br />on demand, be entitled to immediate poneswn 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 shad 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 same and coflectitg the rents, 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 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 />Phew Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum 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 loan is fully paid; pay all taxes and assessments 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 $ 801000, 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments ad 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 80 1000. 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 thew presents shall become nun 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 shaft, at the option of The Equitable Building and Loan Association of Grand Islad,Nebraska,become 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 />bod,and any other bad for a 4litional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Ndxaska for imtmamoe, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />low rate.
<br />As pfovided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />rakers of *W Bond, thew assigns or successors in interest, which suns shall be within the security of this mortgage the same as the funds originally
<br />secured the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />utia y `
<br />d(v of /c %`Z�''''"�' -f4 "�1 A. D., 19 $6
<br />STATE OF NRUASKA, `r '
<br />ss. On this / day of / ...: . 19 ° , before me,
<br />ColINi1' OF IiA11
<br />the undersigned, a Notary public in and for said County, personally ame
<br />David E. Springer, a single person,
<br />who is personally known to
<br />mte'to be the Wential person whose name is abused to the above insirutsem as mortgagor and he severally
<br />ackaowlsdgad the sad immrumeat to be his wduntary act and deed.
<br />W11NM" hand and NOI&OW Seal the date a&xessid.
<br />._ .,,,.veal,...'..._:_ ...�...,: ' "..::... ..nr.:u .-.w :. .... .............
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