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IN
<br />r MORTGAGE 85- 001530
<br />f MORTGAGE LOAN NO. L24,332
<br />KNOW ALL MEN BY THESE 2RESENTS: That Darrel E. Brundage and YVOnne M. Brundage, each in his
<br />and her own right and as spouse of each other, Mortgagor, whether one or ttan, in consideration of the am of
<br />Twenty Ni rw Th raa*+1 no/ 1 nO - - - -_ _
<br />loaned to saw mort '--' DOLLARS
<br />gr 6y The Equitable Budding and Loan Association of Grand Island, Nebraska, Mortgagee, upon 290 shins of stork of
<br />said ASSOCIATION, Certificate No. L 24,332 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in 1faB (:ounty, Nebraska:
<br />Lot Four (4), in Block Three (3), in Hann's Second Addition to
<br />Grand Island, Hall Ccunty, Nebraska.
<br />together with all the tenements, hereditantents and appurtenances Ihercunto belonging, including attached floor covetitlgs, 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 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 29 r 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 assns, transfers and sets over to the
<br />unpaid,
<br />mortgagee nd all the
<br />marl ts, revenues have to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />mortgagee power to appoint any agent or agents it may desire for the purpose of repairing said premises and tenting
<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 />ied oard the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />irrespective of any temporary -aiver 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 />prayment; 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 />will the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 29 , 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance*
<br />nsurance with interest at
<br />the maximum legs. rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premim; keep and comply
<br />with all the agreements and conditions of the Bond for S 29, 000.00 this day given by the said Mortgagor to said ASSOCIATION, and Comply
<br />with all the requirements of the Constitution and Bylaws of said ASSOCIATION, then these presents shall because 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 tv 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 be said Bond;
<br />and Mottgagtr agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in owr zrship 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 dote and payable without
<br />ftuthrer notice, and the amount remaining due under said bond, and any other bond for any additmttal advances nude thereunder, shall, from the
<br />date of exercise of sad option, bear interest at the maximum legal rate, and this nortgage nay then be foreclosed to satisfy the amount dux on said
<br />bond, and any other bond for additional advances, utgclher with all surtts paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this uJ rtgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />maskers of said Bond, their assippts or succe.5ofs in interest, which sums shall be withu, the security of this mortgage the sate as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any tonic the originate aroount of this mortgage.
<br />led the` , Llost day of Apri 1 A. D., 19 85
<br />STATU, OF NEBRASKA,
<br />C(AINTY O F I IALL sa ton tturc Ist day of rid
<br />r
<br />1` R� before lie,
<br />the undersigned, a Notary Public in and lit said
<br />L)arr" L- Brutdag(.; atxl YVQnrY-1 M. Brurxhage, coach in his aril hx
<br />County, personally carne
<br />r Cwtn jFight
<br />each other, Whit
<br />asxi as is t1 ( c;i
<br />{�erarn ?arfown
<br />8rt
<br />me to be the idemlocai person l wlmrse Pane s an-0 affixed to the above insir ntent as mortitagot 3
<br />to
<br />an J T: }7Cy severally
<br />ackmtwlad�d the WiJ ingtrunteol to be t:.hei.r vnluntaty act slid decd.
<br />WI'INI SS try hand and Notarctl Seal the dattu Mom" 1.
<br />l 1 ,
<br />My tortPltSRaMmI inn INet �/ /ri��(.
<br />ftMMf -ItNN aI M.►rRa � .... d t�.�'�°� 4.., , w..._ .��
<br />se oft oar sir JQIIINti (L ROUSH
<br />.•t ���,,f�.
<br />M! f1a1! tlgf Nov. 25, Im
<br />Ncunry Puhltt'
<br />71
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