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MORTGAGE 106791 See L 24,541
<br />MORTGAGE LOAN NO. L 24.698
<br />KNOW ALL MEN BY THESE PRESEN'T'S: That Virginia L. I /dddleswart, a single person,
<br />Mortgbm, whether one or more, is consideration if the saw of
<br />Six Thousand Three Hundred Fifty and no/ 100------------- --- - -- - --- -- DOLLARS
<br />tanned to said mortgagor by The Equitable Building and Loan Association of Grand Ishrd, Nebradca, MortzW, upon b3 sires of stock of
<br />mid ASSOCIATION, Certificate No. L 24.698 , do hereby pant, convey and mortgage unto Use said ASSOCIATION the foWwimg
<br />deaaied real cause, situated in Hall County, Nebraska:
<br />Fractional Lot Eight (8), of the County Subdivision of Lots Thirteen (13),
<br />and Sixteen (16), and part of Lots Eight (6), Eleven (11), Twelve (12) and
<br />Fourteen, (14), of County Subdivision of the Southeast Quarter of the
<br />Southwest Quarter (SE4SWµ) of Section Sixteen (16), in Township Eleven
<br />(11) North, Range -dine (9 West of the 6th P.13. and Easterly Fifty Two and
<br />Eight Tenths (52.5) feet of Fractional Lot Eight (g), in Block Eight (8)
<br />of ,Arnold Place, in the City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements. heredrtaments and appurtenances thereunto belonging, including attached floor covering, all window saeems,
<br />window shades, blinds, storm windows, awnings, hearing, air coodiiionhrg, and plumbing and waterequipmentand accessories thereto, puag»,stoves,
<br />refrigerators, and other futures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whiners the said mortgagor has geed and does hereby agree that the mortgagor shall and will pay all taxes and astesaents 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 5 6, 350.00 payable to said ASSOCIATION and to deliver to aid
<br />ASSOCIATION the policies for said unimance; 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 conditions of this mortgage or the bond secured hereby, the mortptgee shall,
<br />on demand. be entitled to hired "ate possession of the mortgaged premises and the mortgagor hereby asks, transfers and sets ova to the
<br />mortgagee all the teats, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness hall reav
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repnb* aid I P 1 1 and renting
<br />the =me and collecting the rents. revenues and income, and it may pay out of said income all expenses of repairing said premses and necessary
<br />communion mid expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remising, 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 eta of smch
<br />defaah, irrespective of any temporary waiver of the same_
<br />These Presents, however, are upon the Condition, That if the said Mortgagor stall repay said loan on or before the maturity of said sera by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal at aid loan, on or before
<br />the Twentieth day of each and every month. until said loan is fully paid; pay aU 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 S 6,350.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, aaesasaea. 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 and preunises;keep and comply
<br />with all the agreements and conditions of the Bad for S 6 350.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirement& of the Constitution and By -Laws otsssid ASSOCIATION; then these presents shall became null and void, otherwise they
<br />shy retain in full force 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 arrears in nuking said monthly payments, or to keep and comply with the agreements and condition of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceeding.
<br />If than is any change in ownership of the real estate modgaged herein, by sale or otherwise. then the entire nemaimiog iode>xedew hereby
<br />secured AM. at the option of The Equitable Building and Loam Association of Grand Islam, Nebraska. become immediately due aid payable without
<br />farther notice, and the amount remaining due under said bond, and any other bad for any additional advances made thereunder, Tall, hem the
<br />date of exercise of said option, bear interest at the maximum legal rue, and this mortgage may then be foreclosed to eddy the amount doe on said
<br />bond. and my other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association ofGned Island,
<br />Nor iraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon. from date of payment at the maximum
<br />Iwi raw-
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter adrioae additional sans to the
<br />s skerrof sod Bond. their assign or successors in interest, which surds sall be within the security of this mortgage the same in the finds originally
<br />sixawed thereby, the total amour of principal debt not to exceed at any time the original amount of this mortgage_
<br />�Da%id tics 2Qt h ; •'dayyf a November A. D., 19 86
<br />STATE OF NEBRASKA, s. on this 2Dth der y of
<br />CMWN OF HAIL. November 19 before ens,
<br />the undersigned. a Notary Public in and for said Canty. personallyume
<br />Virginia L, Mlddleswart, a single person, who is personally known to
<br />M to be the Identical persua whose name is affixed to the above instrument as mortgagor and She severally
<br />sclisawledged the and ovitrunwat to be her v,hmraty act and deed,
<br />WITNFSS my baud and %i otanal Seal the date aforesaid. ®�
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