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85--"* 003$06
<br />MORTGAGE AND CCNSTRUCTICN SECURITY AGREWWT
<br />MORTGAGE LOAN NO. L 24,3&1
<br />KNOW ALL MEN BY THESE PRESENTS: That Richard L. Wood and Sharon K. Woad, each in his and her
<br />own right and as spouse of each other, MortPBM, whether Ora o more, m coandmtn of the of Fifty Thnua
<br />loaned DOUARS
<br />to sad mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 500 shwa Of stock of
<br />sad ASSOCIATION, Certificate No. L 24, 380 do hereby grant, convey and mortgage unto the said ASSOCIATION the foaowbng
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Five (5), Westroads Estates Fourth Subdivision,
<br />Hall County, Nebraska.
<br />together with all the tenements, hereditamenis and appurtenances thereunto belonging, including attached floor eoverinp window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories theseto,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 amemmenats levied or
<br />messed upon said }remises and upon this mortgage and the bond secured thereby before the same stall become delinquent; to furnish approved
<br />munance upon the buildings on said premises situated in the sum of $ rj0 000.00 payable to said ASSOCIATION and to diver 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 $lhdl,
<br />on demand, be entitled to immediate possemion of the mortgaged premises and the mortgagor hereby assts, transfers and sets over to the
<br />mortgages all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness Shan ram
<br />tmpaid; and the mortgages shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premoa ad renting
<br />the same and collecting the rents, r ue
<br />commissions evens and income, and it may pay out of said income all expenses of repairing said, mettmsat and nece�y
<br />and expenses incurred in renting and managing the same and of collecting rentals therefrom. the balsam ret=Ming, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercistime sed at any time during tlx ercbeenoe of such
<br />default, irrespe tive of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said lean or 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 loon, on or before
<br />the Twentieth day of each and every month, until said loan is fully bad; lay all taxes an.- auemincr is levied against said premises and on this Mortpp
<br />and the Bond secured thereby, before kefmquency; furnish approved insurance upon the buildings thereon in the sot of S 50 r 000 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it pale for such taxes, ancuments and im minnee with isteresa at
<br />the maximmin tegad rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on odd prelydaes; keep and oomply
<br />with all the agreements and conditions of the Bond for S 50 r 000.00 this day given by the said Motpgw to said ASSOCIATION, and comply
<br />with all the requrements of the Constitution and By -Laws of said ASSOCIATION; then these presents become meld and void. otherwise tfney
<br />shag re in full fora and may be forexlosed at the option of the said ASSOCIATION after failure for tdlroe tttemths to taflte any of aid
<br />payments o be three months in arrears in nuking said monthly payments, or to keep and amply with tux agreements wont conditions k of said Bond;
<br />and Mortgagor fees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />seeosd union at Ih of The ownership of the real estate mortgaged herein, by sale or otherwee, then the entire ra�roag intiebtedrxs hereby
<br />Eghritable Building and Lawn Association of Grand Island. Nebraska, became mmedialdy father notice. and the a punt remaining due under said bond, and any other bond for an die and , ji able without
<br />dale of etonase of UM o�om. bear merest at the nrxiltutrn Itgal rate, and this y additional advances nYdt •from due
<br />beed, and any odw batik for ad at topther with all stns paid by my t� be ding and to s Ass tlx t ehx ors and
<br />Nebraska for bw , tares and tsut� tents, and abstract extension E9ttihbk and loan Association of Grand laland,
<br />oar abstracting clurdes, with interest thereon, from daft of payment at the maxxWmm
<br />As provided in the Bid acured hereby, while this moue remains in effect he mortgagee nay hereafter advance addriiowl to the
<br />makers of said Bond. their s or "wires n in interest, which stems shall be within the security of this mortgage the same a the funs osrigaglhy
<br />tAneby, tine total amount of principal debt not to exceed at any titre the original amount of this murtpga
<br />tabled th� 3rd day of July A. n., 19 85
<br />STATE OF NfgptMKA. s. d dray of July COUNTY OF HALL On this 3
<br />� y Ig 85 . before nw,
<br />the uodernigned, a Notary Public in and for said County, perar/nadly Gnu
<br />Richard L. Wood and Sharon K. WOW, each in his and her own right OW a s spo to
<br />Other, are
<br />me to be the idmfi aal person B whose name S are affixed to the above instrument as nmtgagcM and they severally
<br />acknowledged the sad instru merit to be their voluntary Mt a,d deed. 7
<br />WITNESS arty hand and Notarial Seal tlw, daft aforesaid.
<br />My Commission expires,!
<br />(l ".2
<br />nrwaasl oil ,IOAINIIC 4 N0UM1 Notary Public
<br />th (ruts to INn 2� w -j
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