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I
<br />85-004410
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L24401
<br />Maurice J. Morhain and Sharon A. Morhain, each in his
<br />and her own right and as spanee cif each other, Mortgagor. whether one or more. a mardt stioa of the sum of
<br />Ei —. 131L1i..i T.rt� HrmdraA arvi nn /lam — ---- DOLLARS
<br />brad m aid a cantor by The Egnitabh Baking and Lawn Association of GmW Island, Nebraska, Mortgagee, upon 82 shoring of sock of
<br />said ASSOCIATION, certificate No. L 24,401 . do hereby grant, convey and mortgage unto the rid ASSOCIATION the following
<br />drwrlted red estate, situated in RA County, Nebraska:
<br />in Block Eight (8) , in Bonnie Brae Addition
<br />to the City of Grand Island, Hall County, Nebraska.
<br />wgsther with al the tenements, hared tamenls and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, healing, air conditioning.and plumbing and water eyuiptincrht rod secamories them .pumps, stoves,
<br />refiigeralon, and other fixtures and equipment now or hereafter attached to or used in connection with said red estate.
<br />And wheesaa Ike aid mortgagor has agreed and does hereby agree that the mtrtgagw shall and will pay all taxes and arsamasts kriad or
<br />anmwd upon acid Incomes and upon this mortgage and the bond secured thereby before the same steal become delinquent; to fwm* approved
<br />insurance upon the buildings on said pansises situated in the sum of 1 8 200.00 pay" to said ASSOCIATION and to delimr to said
<br />ASSOCIATION the politics for said insurance and not to commit or permit any waste on or about rid premises;
<br />M tans of defauk in the performance of any of the terms and conditions of this mortgage or the bond sewed hereby, the aaasgsgse slat.
<br />ore denand. be entided to immediate poaerion of the mortgaged pnetnbn and the mortgagor hereby ample, transfers and sets ours o Nor
<br />vaorigi ee all the rents, revenues and income to be derived from the mortgaged pre t during such time as the mortgage indebadnat AM vitamin
<br />rapald; and do: mortgagee shall have the power to appoint any agent or Wets it nay desire for the purpose of repairing mid premises and renting
<br />do: came mad collecting the rents, revenues and income, and it may pay out of acid income all expenses of nepaeing said panels and mutsaay
<br />conmmiriiorm and a mcwred in rentioK and manuring the same and of collecting rentals thaefrorn; the bala ce remaining. if any, to be
<br />aaoYed owed these of sni{ mw4W indebtedness; these rights of the mortgagee may be exercised at anytime during due existence of such
<br />caulk. irsspecYive of any ItInporay waiver of the same.
<br />Tbow Presents, however, are upon the Condition. That if the said Mortgagor shall repay aid loan on or before the maturily of said shwas by
<br />payment; gay monthly to said ASSOCIAMON of the sum specified in the Nand secured hereby as interest and principal on mid bat, on or before
<br />the Twentiethday of each and every monlh,tmtil said ken is fully paid; pay all axes and areso ments k ail against said prenasr and ore this Mortpga
<br />ant Ila Bond seared thereby, before delinquency; furnish approved insurance upon the buildings thenim in the sum of S Of 200.00
<br />o sad ASSOCIAT ION; repay to said ASSOCIATION upon demand all money by it paid for such axes. asrmranls and rnswatoe with interest: ga:a
<br />the maximum 49 rate thereon from date of payment all of which Mortgagor hereby agrees o pay; permit no wasts on aid ptemins; kip and Comply
<br />with all the agrw mmu sand conditions of the Bond for $ 8, 200.00 this day given by the aid Mortgagor to and ASSOCIATION, ad aompiy
<br />with all cite requkemarms of the Constitution and By -Laws 6f said ASSOCIATION; then thew presents shall become non and void, olherwiss they
<br />AM rttnnan in full face and may be foreclosed at the option of the said ASSOCIATION after failure for thfte months to India any of said
<br />pitymeMs or be tree months in arears in making aid monthly payments, or to keep and comply with the agreements and conditions of mid Bad;
<br />and Mortgagor sport to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is my drag in ownership of the rah estate tnortpgad herein. by ask or otherwise. than the entire roonioing iteddikdmas hereby
<br />dseou I did. at the option of The Ftpi abie BWM tog and Loan Association of Grand tslad.Nebro ks,become karnediately due and pyabk without
<br />fortivar minim, and lint namtrm remaining due under said bond. and day other bond for may additional advanaa made t arty addr, sMB, Frew the
<br />des of taoreme of aid option bear interest at the max' - Iqd role. sad this mortgage cry than be foreclosed to satisfy Ike as anal doe em mid
<br />bomd.asd any olhse bond for sdditional advances, toll other with all soma pad by said The FAlud bk Building and Learn Association of Grad Iduad,
<br />Nebraska for iesotsnse, tam and aasesrnsnts, and abstracting extension charges, with interest thereon, from daft of payment at the maximurn
<br />kph car.
<br />As gtovldad in the Bond sawed haft, while this mortgage remains in effect the mortgagee may herafter advance "Jun al swore to blot
<br />makers of mild Bond, their assigns or successors in Witten, which soma anal be within the security of this mortgage the same a the foods originally
<br />ssawd thereby, the total moo" of principal debt not to excad m any time the will" amount of thin morigW.
<br />DOW this 4 s day of / :LP'fe trt6C& A. n.. iv 85
<br />STATE OF NEBRASKA,
<br />COUNTY OF HALL r.
<br />Maurice J. Morhain and
<br />each other,
<br />on to be the identical person B
<br />aetnnwddpd rho rid iMt 46
<br />Dn this day of �!P %XNe Bid,,, lg 85 , before me,
<br />this undersigned, a Notary Public in and for aid County. parwrapy came
<br />A. Morhain, each in his and her ownwfgh Land pjAWil"L
<br />- ay-e affixed to the show instrument as mortgagor g and tiv. y --rally
<br />it vohuntsty act and dad. f
<br />Seal the date stirerid.
<br />t
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