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Nur by The Equitable BhWdahg and Low Association of Grand Island, Nebnisks,
<br />Certificate No. L 24,703 , do hereby pant, convey and mor"
<br />situated in Hag County, Nebraska:
<br />The West Nineteen (W19) Feet of Lot Four (4) and the East
<br />Thirty Eight (E38) Feet of Lot Five (5), in Block Three (3),
<br />in Morris Second Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />toga wr with all the tenements, hereditaments and appurtenances thereunto belongin_ including attached floor ooverinas, all window shaeeos,
<br />w ndow shades, blinds, storm windows, awnings, heatlog, at mndihmins,and plumbing and waterequipment and acowories thereto,pumpa, stoves,
<br />mom, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortWor has agreed and does }hereby agree that the mortgagor shall and will pay all taxes and aaessments levied or
<br />assessed upon said premises and upon this motgge and the bond secured thereby before the same shall became delinquent; to furnis h'approved
<br />insurance upon the buildings on said premises situated in the sum of $ 26, 600.00 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 case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortphgee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the morn he
<br />mortgagae' all the rents, revenues and income to be derived from the morn �or rimy sages, rtpgeens and sets over to the
<br />unapdd; and the mortgagee shall have the to appoint t or !� �� during such time as the mortpge indebtedness Y� ranting
<br />phrrer ppoih any apxt agents it may desire for the purpose of repairing said 'premises and renting
<br />the same and collecting the rents, revenues and incom, and it may pay out of said income all expenses of repairing said prangs and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if my, to be
<br />gViied toward the dischaW of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time dating the existence of such
<br />default, motive of any temporary waiver of the sine.
<br />These Presents, however, ate upon the Condition, That if the said Mortgagor stall repay said ban 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 OF before
<br />the Twentieth day of each and every month, until said ban is fully paid; pay all taxes and assessments levied against said premises and on this MortM
<br />and the Band secured thereby, before delinquency; furnish approved insurance upon the buddirgs thereon in the son of S 26, 600.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessmants 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 wade on said premises; keels and comply
<br />with all the agreements and conditions of the Bond for S 26, 600.00 day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with as the requirements of the Constitution and By-laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain its 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 areas in making said monthly payments, a to keep and comply with the agreements and conditions of said Bond;
<br />and MortgegorW. to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged ihereih, by sale or otherwise, then the entire remaining indebtedness thereby
<br />secured shag, at the option of The Equitable Budding and I.om Association of Grand Idsnd,Nebmlta,become immediately due and payable without
<br />fhwther notice, and the amomt rem due under said bond. and any other bond for any additional advances made thereunder, shay, from the
<br />dde of emereis of>sid option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due an said
<br />rowl,and my other bond for ai ditioaft advances, together with all sums paid by sad The Equitable Building and Loan Association of Gravid asked,
<br />Ifarwas ie for rusnaeoe, taxes and assamne nts, and abdactieg extension charges, with interest thereon, from date of payment at the maximum
<br />'L/d rate..
<br />ore Bond secured hereby, while this mortgage renu u ; in effect tea mortysgee cony hereafter sdvanoe addition,( alma to the
<br />her aaipts or succesors in interest. which sums shall be within the security of this mortgage the sane as the funds originally
<br />sal awmM of principal debt not to exceed at any time the original amount of this mortgage.
<br />3rd /11 day of December A. D., 19 86
<br />4
<br />,!TATS OF NURA.SKA, s. On this 3rd day of December 19 86 . before me,
<br />COUNTY OF BALL
<br />the urn&n*ned, a Notary Public in and for said County, personally =1011
<br />Kenton E. Sorensen and Colette S. Sorensen, each in his and her ow ri�ht and as use of
<br />each other, at'e perrortall�j�cgown to
<br />use to be the Wristicd parson s whose hhmhe s are affixed to the above instrument as moripgin s and they severally
<br />atkthowiedged the said instrument to be their „ t,Nay act and deed.
<br />M7'tiESS my land and Notarial Seal the date aforesaid,
<br />my comu nswu expires
<br />Notary Public
<br />MOW
<br />iNaMr ht , fit tftlwl -tANr, d tMer tin!
<br />fi IIOtfStt
<br />1wa fir► Mae. 2� l
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