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85-003874
<br />MORTGAGE See L 23,441
<br />1 MORTGAGE LOAN NO.
<br />T 24 '187
<br />Dazylene Sue Hcf a c a
<br />KNOW ALL MEN BY THESE PRESENTS: That Charles E. Hoffman and/D. Sue Hoffman, each in his and her
<br />cwn right and asspous of each other, Mortgagor, whether one or more, in consideration of the stun of
<br />Ten Thousand an3 no/106 -- — ----- -----_ -- ---- -- -DOLLARS
<br />loaned to said mortgagor by The Equitable Building and latan Association of Grand Island, Nebraska, Mortgagee, upon 100 shares of stock of
<br />said ASSOCIATION, Certificate No. L24,387 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Two (2), except the North 88.3 feet of the West 113 feet thereof
<br />and except the South 15 feet thereof; Lot Three (3) except the South
<br />11.7 feet of the West 113 feet thereof; Lot Four (4) except the Westerly
<br />99 feet thereof; and Lot Thirteen (13) all in Fairacres Dairy Subdivision
<br />in the City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, 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 assesattxnts levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to famish approved
<br />insurance upon the buildings on said premises situated in the sum of S 10 ,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 assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid. and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<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 />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time daring the existence of such
<br />default, irrespective of any temporary waiver 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 />payment; 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 />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 10, 000.00 Dyable
<br />to saki ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 10 r 000.00this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />AA remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to snake 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 of said Bored;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured doll, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately dux and payable without
<br />further mice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />daft of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bomd,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 assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />iellal rate.
<br />As provitled in the Bond secured he -:by, while this mortgage remains in effect the ttwrtgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />this 31st , day of July
<br />STATE NEBRASKA, I re On this 31st day of Ju ly 1985 , before me,
<br />COUNTY OF HALL
<br />Darylene Sue Hoffman a /k /Ahc undetsitned, a Notary Public in and for said County, pelumallycame
<br />L Charles; E. Hoffman and /D. Stee Hoffman, each in his and ht:r own riclhf� aftd as S tCbllst: o2 each
<br />other,
<br />At) so arL (a n$lly known o
<br />OW to be the Identical perm S wlu,w native a tdr(L affixed to the atrrve msttumem as mortgagor s and they severally
<br />acitnimledited the said instrutrent to he their voluntaty act and deed.
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