|
MORTGAGE O� 1,J6 See L 18,711
<br />h[OtLTGAGE LOAN NO. L 24,692
<br />ID MAU.MENBYTHESEPRESENTS,That Rodger L. Williams and Geralyn J. Williams, each in
<br />his and her own right and as spouse of each other, Mortppr,w, one or mom, iocomideratiasa[ The man of
<br />Forty Thousand and no/100 -- ---- ---- - - - - -- - - -- - -- - -- - - --- -- - - -- - DOLI AXS
<br />brad to mid shha .S S by T1e E rAtabk Builibegavid Lam Association of Grand lamd, NebmsluL Mortispe. "tm 400 degas of anode of
<br />OW ASSOCIATION. Certifinee No. L 24,69c do hereby pant, convey and mortgage unto the aid ASSOCIATION the kaowft
<br />datar6edrral state, situated in Ball County, Nebtatkr
<br />Lot Eight (8), Block Three (3), in Country Club Subdivision,
<br />Hall County, Nebraska.
<br />together with al the tenem=U. hereditaments and appurtenances thereunto belonging including attached floor coverings, all widow screen,
<br />window shades, blinds, norm windows, awnings, heating, air coditioniog, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators. and other fractures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the mad mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taus and ataemments levied or
<br />aaead upon said piemmses and upon this mortgage ad the bond secured thereby before the same shall become delinquent; to furnish approved
<br />i maooe upon the buildings on said premises situated in the sum of S 40, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for aid insurance; and not to commit in pernrt any waste on or about said premises;
<br />In one of default in the performance of any of the terms and conditions of this mortgage or the bond seared hereby, the mortp/ee wp9,
<br />on demand, be entitled to immediate pnaession of the mortgaged premises and the mortgagor hereby aligns, transfers and sets over to the
<br />mortgagee al the rats, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall "main
<br />unpaid; and the mor4nee shall have the power to appoint any agent or agents it may desire for the purpose of repair g aid psemisa and renting
<br />the 'same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing mid premises and necemmy
<br />co em and expenses incurred ire renting and mariaging the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />�toward the elueharge of said mortgage indebtedness; then rights of the mortgage maybe exercised at anytime during the a xiidemoe of such
<br />, irrespective of any temporary waiver of the same.
<br />These Presents, however, we upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said sham by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on aid km, on or befae
<br />the Twentieth day of each and every month, until said leans fully paid; pay all taxes and aaesanents levied apimu said premium and on this Mortgage
<br />and the lied soared thereby. before delinquency; furnish approved iuuance upon the buddigc thereon in the suar of S 40 1000. 00 payable
<br />to sad ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assemaents and nim u m with interest at
<br />the maxna mh legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no evade on said prsmsp; keep aid comply
<br />with all the agreements and conditions of the Bond for S 40 v 000.00 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 mull and void, otherwise they
<br />scull remain in full fora and may be foreclosed at the option of the said ASSOCIATION after failure for three months to mace any of said
<br />payments or be three months in armais in nuking 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 proceeduip
<br />If there is any change in Ownership of the red estate mortgaged he: rein, by sale or otherwise, then the entire reumnihg indebtede en hereby
<br />seemed shd, at the option of The Equitable Budding and Low Association of Grand Island. Nebraska, become manedi u* 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, sing, from the
<br />dda of extreme of said option, bean intent at the maximum legal rate, and this mortgage may then be foreclosed to smtidy the amount due oat aid
<br />bgni,aed any other bond for addition advances, together with all sums paid by said The Equitable Building and Loma Asodrtioe of Grand Island,
<br />NeMarka for insurance, taxes and assessments, and abstracting extension charges, with interext thereon, from date of payment at the maximum
<br />111001 roe.
<br />As pro"ded m the Boil secured hem-by. while this mortgage renu s in effect the mortgagee may hereafter advance additional sums to the
<br />makess of sod Bond, their assigns err suazaas in interest, which sums shall be within the security of this mortgage the tame as the funds originally
<br />aswrcd:the ml0y. the total aaxmnt of principal debt not to exceed at any time the original amount of this mortgage.
<br />9 III k 14t , of ` November A. D., 19 86
<br />ireraryn J 4,
<br />STAVE OF NE111RAMA. I In' on this 14th day of is vember 19 86 , before me.
<br />CY7UMV OF BALI.
<br />the undersigned, a Notary Public in and for grid Co", personally cane
<br />Rodger L. Williams and Geralyn J. Williams, each in his and her oWp right andpera�fs emof
<br />,each other, are
<br />na to be the identical pis wbose names are affixed to the above instrument as mortgagor s and they severally
<br />acksooWdViltUsudinstrusurattObe their voluntary act and deal.
<br />*"NM my hand and *4< Seat the date aforesaid, j
<br />i
<br />My C expires
<br />
|