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<br />85- 001469
<br />MORTGAGE.
<br />MORTGAGE LOAN NO. L• 24 19
<br />KNOW ALL MEN By THESE PRESENTS: That David R. Brown and ,loan M. grown, each in his and her
<br />own right and as spouse of each other, kf
<br />�eaet]ty Fi vP TknLarv3 a n0/ 1 tltt wortgagor, whether one or more, in twn eratiom of the sum of
<br />_______
<br />tared to said mortgagor by The Equitable Building and Loan Association of Craned Island, Nebraska, MoMM�MM— N� ---WU ARS
<br />said ASSOCIATION, Ccrti @cote No. L 24,319 do hereby Mortgagee, upon 250 sham of stock of
<br />described real mute, situated in flail County, Nebraska: y grant, convey and mortgage unto the said ASSOCIATION the folbwirg
<br />Lot Two (2), Catmerce subdivision, in the City of Grand Island,
<br />Hall County, Nebraska
<br />together with shades. blinds, the tenements, herediuments ad appurtenances [hereunto belonging, including attao3ed floor eoveri�s, au window arms
<br />«for r at and ohcr fixture storm ar d e w awnings, heating, air conditioning, ad plumbing and water equipment ad accmaories the «to, ndow '
<br />q pment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and dots 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 srcured thereby before the same shall become delinquent; to famish approved
<br />insurance upon the buildings on said premises situated in the sum of $ 25, 000.00 payable to said ASSOCIATION and to deliver
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises; to said
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<br />In ca 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 re main
<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 same and collecting the rents, revenucs and income, and it may pay out of said income all expenses of «
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance
<br />applied towed the discharge of said mortgage p°�B said premises � necessary
<br />default, ire the of an tees gage idebtedness; these rights of the mortgagee may be exercised at any time d remaining tha if an to be
<br />espec Y temporary waiver of the same. urirg the existence of such
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the raturily of said shares by
<br />Payment; pay monthly to said ASSC>CIA,rlON of the sutra specified in the Bond secured hereby as interest and principal on said loan, on sh 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 />o said ASSOCIATION; repay Gr said furnish derma d all money y of buildings thereon in the sum of S 25r 000.00 able
<br />the maximum legal rate thereon from date of Y Y paid for such axes, assmumepts and insurance with interest at
<br />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 S 25, 000.00 this day given by the said Mortgagor to mid ASSOCIATION, and comply
<br />with all the requirements of the Constitution and lly -laws of said ASSOCIATION; then these presents stall bamrre nun clherwrx they
<br />stall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to coal« any se 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 />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 f.quiuble Building and Loan Association of Grand Island, Nebraslu,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 said option, bear interest at the maximum legal rate, ad this mortgage may then be foreclosed to =lay the amount die on
<br />bwmd,ad any other bond for additional advances, together with all sums paid by said The Equitable Bolding and Loan Amocialimt of cad Island,
<br />Nebraska for rrmrranoe, taxes and assessments, and abstracting extension changes, with interest thereon, from date of payment at the maximum eb rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the nortgagae may hereafter advance additional sums to the
<br />medren of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds origiauy
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />bated this 11th d
<br />AY of March A. U., er 85
<br />STATE OI NEBRASKA,
<br />COUNTY OF HALL, ss. Cln this 11th day of March
<br />1985 . before tae,
<br />David R. tte undersigned, a Notary Public in and for mid County, personally came
<br />Brawn and Joan M. Brcx4n, each in his anti her cwn right attt as spousta of a h
<br />OtlY3r, w o personal me to be the identical rxut s whine zire pe ,ly known to
<br />pe lyre name l doe affixed Ito the above instrument as murigflor tj and the
<br />at :ktrr�wkt�l the soot instrument to be t.t1r..1T' voluntary act and decd. Y severalty
<br />WI TNNSs eery hand and otarial tical the mate afmcxaod
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<br />t®ra €ar amItNRMV�NMaM .'''�G��"'''i�C��, :� - "' /d .�✓
<br />(a �` Notary Pithlic
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