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86-- 107061
<br />MORTY;AGE
<br />MORTGAGE wAN NO._ HI -846 FHA
<br />KWW ALL MEN BY TIIESE PRESENTS: That Robert S. Coker and Beverly G. Coker, each in his and
<br />her own right and as spouse of each other, Mortgagor, whether one a more, in coopderatim of the arm of
<br />SevenThousand and no/ 100------------------------------------- ---- ----- -------- -- -DW- ARS
<br />Ioaned`lo said mortgagor by The Equitable Building and IA= Association of Grand Island, Nebraska. Mortgagee, upon 115 i1 of $[*& of
<br />mid ASSOCIATION, CerW—te No. L HI -846 FHA , do hereby grant, coney and mortgage unto the said ASSOCIATION the folowot
<br />described real estate, situated in liall County, Nebraska:
<br />The East Eighty Eight (88) Feet of the South Eighty (80) Feet of the South
<br />Half (SX) of Block Seven (7), in Pleasant Home Subdivision of Part of the
<br />East Half of the Southeast Quarter (EISEi;) of Section Twenty One (21), in
<br />Township Eleven (11) North, Range Nine (9) West of the 6th P.M., Hall
<br />County, Nebraska.
<br />together with all the tenements, hereditarnents 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 />assessfed upon said premises and upon this mortgage and the bond secured thereby before the same sail become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 5 7, 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 case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shut,
<br />on demand, be entitled to immediate passion of the mortgaged premises and the mortgagor hereby assigns, ttarsfen and sets over to the
<br />misap ee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage imdebtednew shad! remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repaaing said premiss and rating
<br />the are and collecting the rents, revenues and income, and it may pay out of said income all expenses of repaeurg said premises said a—nary
<br />commissions and expenses insured in renting and marragag the same and of collecting rentals therefrom; the balance re g, V 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 ands
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor call repay said loan on or before the maturity of said dares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said lean, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied spinal said promises mad on this Mortgage
<br />and the Bad secured thereby, before delinquency- furnish approved insurance upon the buildings thereon in the sum of S 7 t 000.00 payable
<br />to said ASSOCIATION, relay to said ASSOCIATION upon demand all money by it pad for such taxes, assessments 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 said later ;keep and comply
<br />with all the agreements and conditions of the Bond for S 7, 000.00 this day given by the said Mortgagor to aid ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents Ball become null 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 Bad;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such focecbare 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 />seared ", at the option of The Equitable Budding and Lem Association of Grand Island,Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bad for any additional advances made thereunder, dal, from the
<br />date of exercise of said option, bear interest at the maxiamun legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond,and any other bad fa adddxmiJ advances, together with all sums paid by said The Equitable Budding and Loan Association of Grams Island,
<br />Nebraska for insurance, taxes and assessments, and abanacti ng extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional was to the
<br />takers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the sane as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this 3rd day of December A. M. 19 86
<br />f ! _
<br />STATE OF NEBRASKA. >s. On this 3rd day of December 19 86 , before rte.
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, petsonellyeaQe
<br />Robert S. Coker and Beverly G. Coker, each in his and her own righ gnd asstspo se f }�o
<br />other,
<br />me to be the identical parson S wfiow name s are affixed to the above instrument as mortgagor s and they aeverany
<br />acknowledged rise said instrument to be their voluntary act and deed.
<br />Notary Public" –
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