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MORTGAGE _ _ 85-001751
<br />MORTGAGE LOAN NO. L 24.340
<br />KNOW ALL MEN BY THESE PRESENTS: That Bradley J. Foster, a single person,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />_ Thousand atYi 0�=------- �_r�_-- _-- °�__ LARS
<br />land to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 200 shares of stock of
<br />said ASSOCIATION, Certificate No. L. 24,340 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Had County, Nebraska:
<br />Lot Twenty Eight (28), Block "C ", Parkview Subdivision located in the
<br />Na-theast Quarter (NE's) of Section Twenty Nine (29) and the Northwest
<br />Quarter (NWk) of Section Twenty Eight (28) both in Township Eleven
<br />(11) North, Range Nine (9) hest of the 6th P.M., in the City of Grand
<br />Island, Hall Ccunty, Nebraska.
<br />together with all the tenements, tiered itaments and appurtenaners thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, all 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 to 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 hond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situatcd in the sum of S 20 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance, and not to commit or perrwrany 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 segued hereby, the mortgagee cull,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the nsortgaged premises during such time as the mortgage indebtedness sup remain
<br />unpaid; and the mortgagee shall have the power to aplxnnt any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the saute 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 he 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 Conduion, That 0 the said Mortgagor shall repay said loan on or before the maturity of said sores by
<br />payment; pay monthly to said ASS(X'IA "LION of the surn 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 S 20, 000.00 payable
<br />to sad ASSOCIATION: repay to said ASSOCIA1 JON lipon demand all raaricy by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal late thereon from date of pay iwllt all of which Mortgagor hereby agrees to pay; permit no waste on said premiseckeep and comply
<br />with all the agreements and conditions of the Wind G9r S 20 , 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the constituticm and BY-1 aws of said ASSOCIATION; then these presents shag become null and void, otherwise they
<br />suit remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />Payments Of be three months in arrears uv risking slid monthly Payments, OI to keep and comply with the agreements and conditions of said Bond;
<br />and Moffitagovir specs to have a receiver apptlmted fmiliwith in such foreclosure proceedings.
<br />If there is any change in Ownership of the real estate "nxigagcd herein, by Bade of otherwise, then the entire remaining indebtedness hereby
<br />cured shag, at the option of The f.yuua! le Ffuidd�,g a;td I,;an Associatioo of Giand lslstud, Nebraska, become immedutely due and payable without
<br />further notice, and the awma remaining due undea said bond, and any Oliver bond for any additional advances nude thereunder, shall, from the
<br />date of exercise of said omxption, bear interest at the maximum legal rate, and this m origage may then be foreclosed to satisfy the amount due on said
<br />h uml,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, taxes and assessmrnts, and abstiacting extension chargcs, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Band secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />rna kers of said Bond. (licit assigns of +uccessurs in interest, which sums shall Ile within the security of this mortgage the same as the funds originally
<br />secured thereby, the total am"unt of principal debt nut t" exceed at any line the original amount of this mortgage.
<br />Dated this 1 nth day of April A. D., 19 85
<br />S' ATU OF NF.BRAS A,
<br />ss• on this lath day of April
<br />C,'f)f1N7 °Y of FIAL.1. I?r 85 , before me,
<br />the undcrsigred, a Notary Public in and for said County, petsmvally cane
<br />Brati�y J. fi'oster, a single Fx:r�cn�,
<br />who is personally known to
<br />me to he the identit ;al perl,n whose name .�
<br />9, il, affixed to ills abure mstrun9en /t/�rs aunt or and jam, e:vrrslly r"'^
<br />Acknowledged file "All Insili nerll I" lie hi kit voluntary' act avid deed.
<br />Wt FN( 4`i my hand and Nolaflal Semi the dare atiarsaid
<br />My't f19 m1fgSiti9l Pxpll t'¢ � � ��
<br />as ra nh ... „ Notary Ptibits
<br />jayse9 4. G1 -on
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