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40 86---w 106 18 MOWTG.#XE MORTGAGE LOAN No. L 24,699 KNOW ALL MIN BY THESE PRESENTS: That Kenneth V. Shuck and Harriet G. Shuck, each in his and her own right and as spouse of each other, Mortgell", whether one W am, in consweirstion of E:W sum of lossiad to oW martgallor by The Equitable Budding and Loan Association of Grand Island, Nebraska, Mortgagee, upon 440 shares of mock of raid ASSOCIATION. Certificate No. L 24,699 I do hereby grant, convey and mortgage unto the said ASSOCIATION the following described red came, situated in Hall County. Nebraska: The South Twelve Feet (S12') of Lot Forty Nine (49) and all of Lot Forty Eight (48), Fonner View Subdivision, in the City of Grand Island, Hall County, Nebraska. k*WkF With 211 the tenements, beteditanients and appurtenances thereunto belonging, including attached floor coverings, all window scirem, window shades, like&, storm windows, awnings, heatmg, air conditioning and plumbing and water equipment and accessories thereto,pumpastrives, refrigerators, and other Nximes and equipment now or hereafter attached to or used in connection with said real estate. And where= the said mortgagor has agreed and does hereby agree that the mortgagor shad and will pay all taxes and assesimmits levied or awned upon said limmins: and upon this mortgage and the bond secured thereby before the are dull become delinquent; to farrink approved vismance upon the buildings on sad 1 —noses wituasedin tax sum ofS440400.00 payable to said ASSOCIATION and to deliver to said ASSOCIATION the policies for said insurance, and not to commit or per" any waste on or about said premises-. In come 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 poseention of the nKwtpgcd premises and the mortgagor hereby assigns, transfers and sets over to the uningspe all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness $hall remalo unpaid; and the modpgoe shall have the power to appoint any spent or arms it may it tine for the purpose of repairing said prevariant and reatrig the saw and collecting the mats, revenues and income. and it may pay out of said income all expenses of repairing said In ianx and necessary commissions and expenses incurred in matft and managing the sum and of collecting rentals therefrom; the balance remaining, if my, to be applied toward the discharge of said mortgage indebtedness; thew r*bts of the nKwtppc may be exercised at any time during the existence of such delmilt, irrespective of any temporary witivef of the same. 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 Bond secured hereby as interest and principal on said loan, on or before the Twentieth day of each and every mouth, until said loan is fully paid; pay all taxes and assessments levied against nW premises and on this Mortgage and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the =in of 44,400.00 payable to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with intend at the maximum legal irate thereon from date of payment all of which Mortp@m hereby agrees to pay; permit no waste on said premises; keep and comply with all the agreements and conditions of the Bond for s 44,400.00 this day given by the aid Mortgagor to and ASSOCIATION, and comply with all the requirements of the Constitution and By4zm of said ASSOCIATION; then thew presents AM become aril and void, otherwise they AM remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make sal, of said payments or be three months in crews in mid;mg said monthly payments. or to keep sail comply with the agreements and conditions of said Bond-, and Mortgagor spees to have a receiver appointed forthwith in such foreclosure proceedings. If [bete is any chuff in ownership of the real estate mortgaged berem, by ale or otherwise, then the entire remaining indebtedness hereby secured sliall, at the option of The Equitable Budding and Lou Association of Grand Ishad,blebraika, become immediately due and pay" without further notice, and the amount remaining due under said bad, and any other bond for any additional advances made thereunder, shall, from the doe of exercise of said option. bear interest at the maximum legal rate, and this morlpp may then be forecloted to stay the artimast doe on said bond, and any other bond for additional adeasces, together with all vim pod by and The Equitable Budding and Low Association of Gaud Island, Nebratim for insurance. taxes and assessments. and abstracting exicasirm charges, with interest thereon, from date of payment at the maximum I"d law. As provided in the Bond secured hereby. while " mm p remains in effect the mortgagee may hereafter advance additwivel sums to the makers of sW Bond, dam assigns or successors in interest, which sums shall be within the security of this mortgage the am as the funds originally secured thilreby, the tout amount of principal debt not to exceed at any time the original amount of this mortgage. q oar the _26th dg,-9t Wmnl1ber A. D_ 19 86 STATE Of NEW-UKA. on this 26th day of Noventher 19 86 . before ine. COUNTY OF "ALL the undersigned. a Notary Public in and for said County. personally came Kenneth V. Shuck and Harriet G. Shuck, each in his and her own r 19.4t. and as _901�wy " to each other, me tobe do identical Perron 3 -how tame 3 are affixed to the above Waiturverit as mortgagor s NW they severally al wmvkdjpd the raw instrument to be their voluntary so and deed. WITNESS my hand and Notarial Seal We date sftwtvud. WyemvmisWav-pj—'/"1-" *Stst-, NNIC irk MIOIIMi I" CWK to ON,