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<br />MO TGAGfl
<br />RORTGAG13IOAN NO, h 24,724
<br />KNOW ALL MVN BY TIi1•SE PItPS1;NTS: That Jimmy F„ Ur met and .lalneet 1, Lbime.l, each in his and her
<br />own right and as spouse of each Other, Mort or, whether one or more, in ratirxa of ft saim of
<br />_Il�al_7�2-�. _..... _-_ _..__ ........ ..�_ _ P(31.II.AAKl3
<br />lostaW to said mortMor by The Fquitabk Building and Loan Association of Grand Island, Nebrasira,Mortgagee, upon 470 shares of of
<br />MW ASSOCIATION, Certificate No. L24,724 , do herehy, grant, convey and mortgage unto the said ASSOCIATION the fo
<br />described real estate, situated in hall County, Nebraska:
<br />Beginning at the Southwest corner of Section Three (3), Township Ueven (1 1)
<br />North, Range :dine (9) 'hest of the 6th F.il,, and running thence mast along
<br />said Section lire, Eight Hundred Forty Three and Eight Tenths (843.8) feet;
<br />thence Nortn parallel with the ;vest Section line, Five Hundred Sixteen (516,
<br />Feet, thence west Light iiundrec corty Three and Eight Tenths (843.8) feet,
<br />thence South Five Hundred Sixteen (516) Feet to the place of beginning, in
<br />Hall County, Nebraska.
<br />topther with all the tenements, hereditaments 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 murtgagor 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 S 47 , 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 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 may desire for the purpose of repairing said premises and renting
<br />the sacra and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, 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 existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />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
<br />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
<br />the Twentieth day of each and every month, until said loan is fully paid: pay all 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 $ 47, 000 , 00 payable
<br />to said ASSOCIATION; repay to said ASStx'I.ATION upon demand all money by it paid for such taxes, assessments and insuuance 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 premises ;keep and comply
<br />with all the agreements and conditions of the Bond for 5 47, 000 , O0 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 ASSWIAT1ON: then these presents shall become null and void, otherwise they
<br />shall remain in full force and may he foreclosed at the option of the said .ASSOCIATION after failure for three months to make any of said
<br />payments or be three rnonths 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 />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan 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 bond for any additional advances made thereunder, shall, from the
<br />date of exercise of sand option, beat interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the Amount due on said
<br />bond, and 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 insurance, :axes and assessments, coal abstracting extension charge_, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />.As provided in the Bond secured IttmLy, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of caul Bond, their assigns sea 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 time the original amount of this mortgage.
<br />Dated this 9th a4,7---.,January A. v., 19 87
<br />STATE Oft NEBRASKA, n'
<br />On this 9th Clay of January
<br />Iii 87 before row,
<br />COU'll'X OF IIAL L
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