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<br />MORTGAGE
<br />r `�® MORTGAGE LOAN NO. HI -802 MW _
<br />F KNOW ALL MEN BY T}IESE PRESENTS: That John M. Cook and Sue L. Cook, each in his and her oar►
<br />right and as spouse of each other, Mortgagor, whether one or more, in consideration of the stun of
<br />cix Tbollmarld Ott Hiyirimrl Fifty Oche aryl 68/100_--- _-- - -_ — — -- WLLARS
<br />knoted to said mortgagor by The Equitable Building and Luau Association of Grand Island, Nebraska, Mortgagee, upon 61 shares of stock of
<br />said ASSOCIATION, Certificate No. L HI -802 (FHA) , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in !fall County, Nebraska:
<br />Lot Eleven (11) and the West Half (Wk) of Lot 'Den (10) in
<br />Block Ttvo (2) in Stewart Place subdivision being a part of
<br />the Northwest Quarter of the Northeast Quarter (NW)ENF3;) of
<br />Section Twenty Nine (29) Township Eleven (11) North Range
<br />Nine (9) West of the 6th P.M. in hall Cotuity, Nebraska.
<br />together with all the tenements, Itereditaments and appurtenances thereunto belonging. including attached floor coverings, all window screens,
<br />window shades. blinds, storm wmdows, awnings, heating, air conditorung, and plumbing and water equipment and accessories thereto, purrmps,stom,
<br />refrip@eraturs, 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 doei hereby agree that the nuortgagor shall and will pay all taxes and assessments kaied or
<br />sales" uptxt said preniaes and upon this mortgage and the hind secured thereby before the same %hail become delinq ent; to futuM approved
<br />insurance upon the butdigs On said premises situated its the sum of $ 6115 1. 68 payable to said ASSOCIATION and to deliver to aaW
<br />ASSOCIATION the policies for said insurance; and rod to commit or permit any waste on cis 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, he entitled to immediate ptrairstion of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />morrippre all the rents, revenues and income to he derived from the mortgaged premises during such time as the indebtedness td" remit
<br />u ; and the next "I have the power to appoint any agent or agents it may desire for the purpose of repanttg said prim uses and testing
<br />the sari and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commusmas and extienscs incurred in renting aril managing the same arid of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge 0 sad moottgage mdebtedness; these itghls of the mortgagee may he exercised at any time during the existence of such
<br />default, urestsecesve ell' any temporaty waiver Of I ltie same.
<br />lTxse Presents, however, are upon the Condnion, Thal if the said Mortgagor shall repay mid loan on OF before the maturity of said shares by
<br />payrzwai; pay ndmthly to wtd ASSOCIATION of Ilhe. suns specified in the blond secured hereby as interest and principal on said loan,on or before
<br />the Twentieth day art each and every month, until said lean is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the fiord secured r hereby, Erefrire delinquency; furnish approved insurance upon the buildings thereon in the sum ct b f151.68 . payable
<br />to sail ASSOt'EA1l()N repay no said ASSOCIATION upon derrand all money by it paid for such taxes, a nts and maW8M7e with interest at
<br />than maximum legal rate thereon front date of payntent all of which Mortgagor thereby agrees to pay; permit tit) waste on said premises-. keep and comply
<br />with all the agracincrits and conditions of the Bond for S 6 P151.68 this day given by the said Mort to said ASSOCIATION, and comply
<br />with ad the requrermnts of the Constitutim and By -Laws of saki ASSOCIATION; then these presents shall become null and void, otherwise they
<br />remain in full force and may tic foreclosed at the option of the said ASSOCIATION after failure for three months to snake any of said
<br />payments or be three romths in attests in making said monthly payments, air to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgapos agrees to have a receiver appointed forthwith in such loreclinme proceedings.
<br />It there is any change in ownership of the real estatc mortgalicii herein, by sak or otherwise, then the entire temaining indebtedness hereby
<br />wouresil ". at the option of The I?quitable Budiling and Loan Atsxncation of Craod Island. Nebraska, become immediately dux and payable without
<br />further notice, sad the amount iemainring dote tender said bond, and any other bond for any additional advances made thereunder. shall, from the
<br />Jules i4 exercise of sod Option, bear interest at the maximum legal rate, and this mortgage may then be forecund to satisfy the amount die on said
<br />butird.and any other bond for additional advances, together with all suits pad by said The I=quitabte Building and Loan Association of Grand Island,
<br />Nebraska lot insurance, raxes and aswsments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />low rate.
<br />All }uuvdsd in the Bond secured hereby. while this mortgage rpmauns to effect the mwrlgatce may hereafter advance additional -arms to Ilea
<br />..k.rs o sad Bonds, their assigns or successors in interest, which sums shah he within the wcuttly of this hoot ate the same as the. funds oretura ly
<br />sactusid thereby, flte total amdnut of principal debt not to exceed an any ntne the original amount of this nxrtgage.
<br />Dowd this 24th day of May % A. to , Pt 85
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<br />%TATf: (*' NfA tKASKA, x O" this 24Ch say of May lot b5 , twfcxa me,
<br />t_4'UVIY Off, IfAI I
<br />!.e terndrrsagrd ^d, a Notary Pubht nt and for sand County,
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