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86— 107293
<br />MORTGAGE _
<br />MORTGAGE. LOAN NO. _ L 24, 715
<br />KNOW` ALL MEN BY THESE PRESENTS: not Robert J. Broomfield and Lynette L. Broomfield, each in
<br />his and her own right and as spouse of each other, Merrtmm, whether ore m more, in comwwatkm of the saran of
<br />Fifty -two Thousand and noZI 00----- DOUARS
<br />lined to said marlpeor by The Equitable Budding and Fran Association of Grand Island, Nebraska, Monp ice, upon 520 - or stock , of
<br />said ASSOCIATION, Certiftnte No. L. 24,715 do hereby grant, convey and mortpep: unto the said ASSOCIATION the following
<br />destaibed real estate, situated in Hall County, Nebraska:
<br />Lot Two (2) and the West 1.0 foot (W 1.0') of Lot One (1),
<br />Block Three (3), Original Town of Doniphan, Hall County,
<br />Nebraska,
<br />together with all the tenements. hereditaments and appurtenances thereunto belonging, including attached floor coverings, aB window screens,
<br />window shades, blinds, storm windows, awnings, healing, an condititming, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and ether 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 />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 152, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said hnsurance; and neat 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 mortgage shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it nay desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />Boas ices and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />appW toward the discharge of said mortgage indebtedness; these rights of the mortgagee my be exercised at any time during the exhtenee of such
<br />default, inspearve of any temporary waiver of the same.
<br />These Presents, however, sae upon the Condition, That if the said Mortgagor shall repay said two on or before the maturity of said stares by
<br />payment; pay monthly to said ASSOCIATION of the stun s;_cfed in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said It-an is fully pad; pay all taxes and assessments levied against said premises and an this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 52, 000.00 payable
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand all moray by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Morigagor hereby agrees to pay; permit no waste on said premiseckeep and comply
<br />with all the agreements and conditions of the Bond for s 52, 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 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 Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings,
<br />there is any change in ownership of the real estate mortgaged herein, by sale or othenrise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand island, Nebraska, become itmnediately doe and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder. shall, from the
<br />Clete of exercise of saint option, bear interest at the maximum k W rate, and this mortgage nay then be foreclosed to satisfy the amount dt.e on said
<br />boviCand any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for murance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />lew rate.
<br />As provided in the Bond secured hereby, while this rraortgagr remains in effect the mortgagee may thereafter advance additional soma to the
<br />ndtets of said Bond, their assns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any rime the original amount of this mortgage.
<br />1>RtcdftIhs 19th day ,f December A. n., t'' 86
<br />L tte L. Broomfield —i-
<br />STATE OF NEBRASKA, I act. On this l9th day of December iv 86, before me,
<br />COITNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />I Robert J. Bramfie ld and Lynette L. Bromfield, each in his and her awn right and as spouse
<br />of each other, who are personally known to
<br />me to he the aieruical petum S wl% a name 5 :are affixed to the atxovc Arid HWY severally
<br />asTtmowWdged the said m.arumcr +t tc> to fl'1E,lr voluntary act and doed_
<br />WITH II S my hand anef Notai al 5th the dale atureaid-
<br />,' f
<br />My t'onretvWm export
<br />as n nix aD
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