|
85- 000543
<br />MORTGAGE
<br />�` - -- MORTGAGE LOAN NO. _ L 24 r3fIA
<br />KNOW ALL MEN BY THESE PRESENTS: That Robert E. Hines and Edna B. Hides, each in his and her
<br />own right and as spouse of each other, Mortggor, whether one or note, in conaideratiola of the arc of
<br />Thi rtV .SevensYnncarid and no 100. -
<br />launed to said moirtgrigur by The Equitable Budding and Loan Association of Grand Island, Nebraska, Mortgaplee, upon 370 urea Of suoelt of
<br />said ASSOCIATION, Certificate No. L 24. 08 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />descFfliall teal estate, situated in thall County, Tiebraska:
<br />Lots Thirty Three (33) and Forty Six (46), in Frank P. Bark's
<br />Subdivision No. 3, of part of the East Half of the Northeast
<br />Quarter (EkNEk) of Section Ten (10) in Township Eleven (11)
<br />North, Range Nine (9), West of the 6th P.M., Hall County, Nebraska.
<br />together Math all the tenemenis, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, an 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 ataessments levied or
<br />ancized upon said premises and upon this mortgage and the bond secured therebv before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 37, 000.00 payable to said ASSOCIATION and to deliver to sad
<br />ASSOCIATION the policies for sad 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 entitkd to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mrangagre all the rents, revenues and income to be derived from the mortgaged premises during such time as the mongage indebtedness dull rennin
<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 sum and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />continuations and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remsming. 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 saute.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan to or before the maturity, of said Mares by
<br />Payment; lay monthly to said ASSOCIATION of the sum specified in the Iltnd secured hereby as interest and principal on said lean, on or before
<br />the Twentieth clay of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mort
<br />and the Bond secured thereby, befor- delinquency; furnish approved insurance upon the buildings thereon in the sum of S 37, 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon denand all roomy by it paid for such taxes, assessmalis and insurance with interest at
<br />the maximurn legid rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said pxemdes; keep and comply
<br />with all the agrcetsrents and conditions of the Bond for S37 000.00 tiffs day groin by the .sad Mortgagor to sad ASSOCIATION. and comply
<br />with all the requirements of live Constitulitn and Bylaws of said ASSO('IAiION; then these presents shall become null and void, otherwise they
<br />remain in full force and nay be loxeclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three mtutths in arrcrus in Waking said monthly paymcnis, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees tit have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change. in ownership of the real estate mintgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured ", at the option of The Equitable Building and Limit Association of Grand Island, Nebraska, became immediately dire and payable without
<br />further notice. and the amotall remaining due under said bond, and any outer bonus for any additional advances made themnunder. shall, from the
<br />date of czarcilic of said option, bear interest at the maximum legal rate, and this mortgage may their to foreclosed to satisfy the amourit due to mW
<br />any other bond for additional a dvartces, together with all suns paid by said 'The Equitable Budding and Wan Association of Grand Island,
<br />for insurance. taxes and assessments. and abstracting extension charges, with interest thereon, ft rim date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond sectored hereby, while this mort a irnains in effect the mortgagor may hereafter advance additional swiss to the
<br />makers. of said end, their assigns or successors in interest, which sums shall to within Ihte security of this moitgagc the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any torte the original airiount of this port
<br />Da 31st / day of January A D., 19 85
<br />rt
<br />STAT'la Of; NEBRASKA. set. ()n this lay f i9 ti i , before rim,
<br />CIA 01: 1IALL 31st , o Jannary
<br />to rntdersiftned. a Notaiy Pnbhc in and lot said County, p etanalty
<br />Robert E. fi.ir" arxh Wlia B. Hines, rac.h in this uxl her c7Wth right ,:Ugli ss t��)OUsct ,m`�1��)nrwnto
<br />ot'h r, art.
<br />toe if, he the "tenor al petain is whow cane S al"e affixed to the ahove nistrinrNni St ltrtr0t or S old t lu y wverally
<br />acWrwk tfer, and Inorm"Voll tie, fir, LN."ir a thmlaty eta amt deed t
<br />WYI^bVS S my hand and Nolatral %r.al Iles ,bale n1memid
<br />hly l't,unnttu rupstrs�Gefy ,,.d�..� „�•'r -�R� r
<br />toAoarat mom of;;;As doletvp ihh,
<br />
|