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85-• 001443
<br />MORTGAGE
<br />rMORTGAGE LOAN NO. L 24,31A
<br />KNOW ALL MEN BY THESE PRESENTS: That Lorrin L. Barth and Sharon J. Barth, each in his and
<br />her own ' ht and as spo of each other, Mortgagor, whether one or more, is corm wr derati of the am of
<br />Thirty TFnusand and no 100------- _�— _— _—— _------ -_ — —�w DOLLARS
<br />loaned to said mortgagm by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 300 stares of stock of
<br />said ASSOCIATION, Certificate No. L 24,318 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Fifteen (15) and the Stut*rly Nineteen and Seventy -Five Hundredths
<br />feet (S19.751) of Lot Thirteen (13), in Block Seven (7), University
<br />Place, an addition to the City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screem,
<br />window shoes, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto,pungta,stoves,
<br />refrigerators, and Other fixtures and equipment now or hereafter attached to or used in connection with said teal 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 S 30 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not 10 commit or Permit any waste on or about said premises;
<br />In rate of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shad,
<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 he derived from the mortgaged premises during such time as the mortgage indebtedness shag rernsin
<br />tmnpaid; 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 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 />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 />Payn writ; 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 ups the buildings thereon in the sum of $ 30, 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION ups demand all money by it pail 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 wasteon said premises;kecp andcomply
<br />with all rte agreements and conditions of the Bond for $ 30, 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with aA the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents stall become null and void, otherwise they
<br />remain in full force and ray be foreclosed at the option of the said ASSOCIATION after failure for three months to take any
<br />payments m he three months in arrears in making said monthly payments, or to keep and comply with the o[ said
<br />rgroxments and rntmditiom of said Bond;
<br />and Moxtgagr agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any charge in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />further ,soil the amount retr Equitable
<br />g duerluriot r nsaid bonds and any of ther bond for any additional adwnrxs made thereunder," from the
<br />date of exercise of said option, bear interest at the maximum kgal Tale, and this mortgage ray then be foreclosed to setitd'y the amount due on said
<br />brind,arxl any other bond for additional advances, together with all sumo paid by said The Equitable Building and Loan Atacciation of Grand Island,
<br />Nebraska for insurance, taxes and assessments, anti abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advanox additional summa to the
<br />"jokers of said Brad, their amens or stwcesaoms in interest, which sums shall be within the security of this nwrl the same as the funds originally
<br />thereby, the total amount of ptocipal debt not to exceed at any time the original amount of this mat
<br />Dal is o. 1st , day dal Match A. n., 19 85
<br />STATN OF NEBRASKA
<br />,t
<br />CO UPdTY Of IIAIJ, s w. On this lst day of Mc�Y Ch 19 b5 . before me,
<br />the underaigoed, a Notary Public in and for said County, petsonally ceme
<br />Lorin L. Barth Wid Sharon J. Barak, each ill hiss vml Non vwtl ri.yh Vinci vas
<br />other, artz iiisl'ykno�nto
<br />ow to be the vkmlwal pecan s whoa: nave 1i are affixed u > the above instrument as mc,ligagul S and thUy severally
<br />Acknowledged the mid insttunul)i to tic thl:i r' vuhurttaly act and decd.
<br />WI I14N,W rnv hand and Notarial Seal the Bala aturessnl
<br />My(.irntrm a,'orA It. ".8
<br />tB rstM na� ®I. Notary Public
<br />Wftft4as2%±M
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