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<br />85-001935
<br />MORTGAGE __-
<br />MORTGAGE LOAN NO. _ L24,341
<br />KNOW AU MEN BY THESE: PRESENTS: That Dennis A. Lane and Darleen Lane, each in his and her
<br />o0.Jn right arid as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />—FQ ' -- F] Ye _Tbousan - Dad— ------- ------
<br />kratxd to said "tort _ — ____�- -COLLARS
<br />gagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 450 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,341 do hereby grant, convey and mortgage unto the said ASSOCIATION the folio"
<br />described real estate, situated in Hall County, Nebraska'
<br />Lot Fourteen (14), Westroads Estates Third Subdivisicn,
<br />Hall County, Nebraska.
<br />together with all the tenements, heredilaments and appurtenances thercun[o belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, au conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and tither 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 therebv before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the stir" of S 45,, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the polices for said insurance; and not tO commit nn permit any waste on or about said premises;
<br />In case of default in the pertormana• 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 'If the mortgaged prenuses and the «ortgago, hereby assigns, transfers and sets over to the
<br />mnxtggee all the rents, revenues and income to he derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the rtnortgagce stall have the power to appoint any agent Or agents it may desire for the purpose of repairing said premises and rent
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<br />the same and collecting the rents, revenues and income, and It stay pay out of said mcone all expenses of repairing said premises and necessary
<br />commissions and expenses Incurred in renting and managing the sairic and of collecting rentals therefrom; the balance re maining, if any, to be
<br />applied toward the discharge of said mortgage urdebtednesS; these rights of the mortgagee may be exercised at any tarts during the existents of stub
<br />default, irrespective of any Iempmary waiver of the saute.
<br />These Presents, however, are upon the Condition, That it the said Mortgagor shall repay said loan On Or before the maturity of said shares by
<br />Payment; Pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said ban, on or before
<br />the Twenlwill day of each and every rromth. until said loan is fully paid; pay all taxes and amssments levied against said premises and on this Mortgage
<br />sardeASSOCIATION: repay tit said ASSO(UTION utpn demand all insurance
<br />money b the
<br />es, assessments andri surancce with interest at the maximum legal rate [hereon front dale of payment 311 of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and condmons Of the Band for S 45, 000 OU this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the ('Onslitulioli and Ry -laws Of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the OPlton of the said ASSOCIATION after failure for three months to crake any of said
<br />Payments nr be three ninths tit arrears nn making said monthly payments, (it 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 Eg r
<br />scored stall, at the Option of The he 1'.yw ip Of the real estate mortgaged herein, by sale Or otherwise then the entire remaining indebtedness hereby
<br />table Building and [Alan Asstciation of Grand Island, Nebraska, become immediately dux and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances nude thereunder, shall, from the
<br />dale of exercise ill' said option, bear interest at ate maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount dux on said
<br />bond, and any other bond for additional advances, together with all suns Paid by said The Equitable Budding and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension chatgem, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured heteby, while Ibis uoilgage remains tit effect the mortgagee may hereafter advance additional suits to the
<br />makers of said Bond, their asmlgns Or succesmoms in interval, which sunss shall Ix within the security of this mortgage late saute as the funds originally
<br />secured thereby, tie total amount of principal deht nut Im exceed at any tutor the Ortginaeamount of This mortgage.
<br />LAtcd this 16th day of ril
<br />� A. o., Iv 65
<br />S7'ATF OF NEBRASKA, t
<br />Cft11N'E'y Of, HALL )r sS rbr this 16th stay of Apt 11
<br />1'i h5 ,before rate,
<br />Ihr undcrsirlied, a Notary Public tit and for said Covimy, per sonallyCaonc
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