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55_..,Q04480
<br />MORTGAGE
<br />MORTGAGE LOAN NO. T. 240-490
<br />KNOW AU MEN BY THESE PRESENTS: That Donald Dean Hugh and Diane L. Hugh, each in his and her
<br />om right and as spouse of each other, Mortgagor. whether one or snore, in consideration of the aura of
<br />7Wenty 7bguaA_rvrr armi m /700— — —'DOLLARS
<br />Wood to said mortppor by The Equitable Building and Loan Association of Grand f stand, Nebraaha, Mortgafpe, upon 200 Worm Or mock of
<br />said ASSOCIATION, Certificate No. L 24x390 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />rxd
<br />described r estate, situated in Hall County, Nebraska:
<br />The west Half (Wk) of Lot Two (2) and the West Half (�) of the
<br />North Seventeen (17) Feet of Lot Four (4), in Block Twenty (20),
<br />in Scarff's Addition to the City of Grand Island, Hall County,
<br />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 hour speed and does hereby agree that the mortgagor shall and will pay all taxes sod assessments levied or
<br />and upon this mortgage and the bond secured thereby before the sank shall become delingment;to furnish approved
<br />assessed upon said premises
<br />iarnsama upon the bWMkW on said premises situated in the sum of S 20, 000.00 payable to said ASSOCIATION and to delver 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 performtutce of any of the terms and condition of this mongage or the bond secured hereby, the mortgagee shag,
<br />on demand, be entitled to immediate possession of the mortgaged premiws and the arartgypor hereby assips, Innsfen and sets over to the
<br />four"WK all the reins, revenues and income to be derived from the mortgaged premises during such lime as the mor4M imdebledmn doll remain
<br />wupaid; and the mwrlpupse shall have the power to appoint any agent or agents it may desire for the purpose of repairing aid premiaas and reaft
<br />the same and collecting the rents, revenues and income, and it may pay out of said intone an expenses of repairing said premises and rnaxssssy
<br />eosfors' ans -d expenses incurred in tenting and managing the same and of collecting rentals therefrom; the balance sesaining. if any, to be
<br />a�piied onward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time daring the existence of such
<br />suh, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said Man on or before the maturity of said drum by
<br />hereby interest on said Mart, on or before
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the fond secured as and principal
<br />door Twentieth day of each and every month, until said lean is fully paid; pay all saxes and assessments levied against said Fammms and on this Mongape
<br />IL 1A
<br />sad Ilse Btnd secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 20, 000.00 paysbk
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<br />to said ASSOCIATION; relay to said ASSMIATION upon demand all money by it paid for such taxes, assessments and insurance with imfor" at
<br />the maximum legal rate thetcon from date of payment all of which Motgapur hereby agrees to pay; permit no waste on aid premises ;keep and comply
<br />with all the apeements and conditions of the Bond for S 20,000.00 rhos day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with fill the requ in amts of the Constitution and Bylaws of said ASSOCIATKV; then thew presents shall beconw null and void, otherwise they
<br />span fames in full force and troy he foreclosed sr the opium of the said ASSOCIATION after failure for three months to .sake any of said
<br />p+s7 nwmts of be threw months in arrears at making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortppur agog - to have a receiver appointed forthwith in such foeclaoe proceedinp.
<br />If there is any amp in ownership of the real ewer mwtgged herein, by ink or otherwise. then the entire relahMg kWehodmesa hereby
<br />uwWW doN, at the option of The F4W&W Building and Low Association of Gtand Idand, Nebrsdcs, become knone"tely duo and peyabk without
<br />further, nwioe. and the amount remaining due under said bond. and any other bond for any sdditioat advances node thereunder, shah, from the
<br />data of exercise of said option, beer interest at the rasimum legal rate, and this mmtgtpe may then be foreclosed to stiffly the ammmt due on said
<br />by The Equitable Building and Loan Association of Grand Idsood,
<br />ltmd,and sty ether bad for additional advances. tolorther with all sums paid said
<br />Nebraks for insurance, taxes and afisru onsh. and abMracting extension charges, with interest thereon, from dale of payment at the maximum
<br />tad ate.
<br />As provided in the Ilnd secured hereby, while this ny!Ip for remains in effect the morrgape say hereafter advance addilk" suss to the
<br />he this the same as the funds originally
<br />taakera of aid Bond, their snips on successols in interest, which suns shall within the security of mortgage
<br />secured thereby, the total amount of principal debt nor to exceed at any time the origial amount of this mortgage.
<br />DOW flow tSth day of August A.1)., 19 85
<br />STATE OF NEBRASKA, t ss On this 8th day of August 19 R$ , before me,
<br />COUNTY OF HALL S
<br />the uruoktugm+sd, a Notary 1'uAlk in and our said County, persuMllyame
<br />Donald Dean Hugh and Diane L. Hough, each in his and her oMm right as spous o r(ach .o
<br />w�n+ are
<br />personally other,
<br />nor to be rise idenetcal petunia whom names are affixed t..+ the above n+str n• an wttgagorS and tdry _ anerally
<br />acltnotvladged the said nstturnent to he their wduntauy act and deed.
<br />y..
<br />fy1lNtS4 raga hand araJ Nolarial5eal the lout atiercsaW. = - ;,-
<br />My Con+mnmicm expncs y✓ `'�` „� i -”'
<br />-' Notary Public
<br />NOV. 1 i1 f 19f f Ca..
<br />MISS" 111 �. � •.� Uw'itr.mi %. i'•j !1UI1
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