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85-- 004526
<br />MORTGAGE
<br />MORTGAGE LOAN NO. HT -811 FHA
<br />KNOW ALL MEN BY THESE PRESENTS: That Robert L. Stroud and Mlissa J. Stroud, each in his
<br />am her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Thrywa Tytr,tt>; nob Ni ne Hundred Nicety .Thri:g-___ard_jj4L1U7-- ----- ---- ---- -- ___---DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 40 shares of stock ,r
<br />said ASSOCIATION, Certificate No. L HI-811 FHA , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Five (5) , Block Twenty Four (24) in
<br />Baker's addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />together with all the tenements, bereditaments 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 assessments levied or '
<br />assessed upon said premises and upon this rrxrtgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 31993.84 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 nnorigaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the rrnorigagcc shall have the IXSwer to appoint any agent ur agents it may desire f sr the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay nut of said income all expenses of repairing said premises and necessary
<br />commissions and expenses mcmred in renting and managing the same and of collecting rentals therefrom; the balance renuining, if any, to be
<br />applied toward the discharge of said rortgage indebtedness: these rights ui the mortgagee may be exercised at any firm during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, fnrwcwt, are upon the Condmi n That if the said Mortgagor shall repay said loan on or before the maturity of said shares iiy
<br />payment; pay monthly rn saiJ ASSWIATION of the awn specified fn the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of •ach and every month, until said bun ss fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond wcured thereby, before delinquency, furmSh approved insurance upon the buildings thereon to the sum of S 3, 993.84 payable
<br />ter void AS,SO('IAl' ION ' repay lo said ASSOCIATION upon demand all money by it paid I or such taxes, assessments and insurance with interest at
<br />the maximuin legal rate thereon from date of payment all of which Mortgagor hereby agmcts mo pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions vas of the Wind for S 3,993.84 the. day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constilution and By of said ASSOCIATION, then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be forechrsed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments ter be three rn nths in arrears rm making said monthly payments, of to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees it) have a 7ecciver appointed forthwith in such foreclosure proceedings.
<br />If there fs any chavir in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and hewn Association of Grand Island,Nebiaska,become immediately due and payable without
<br />further mrtice, and the amount renaming due under saki bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, hear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />boa d,amd any other bond for additimal advances, together with ail sums pail by said The equitable Building and Loan Association of Grand Island,
<br />Nebraska fee insurance, taxes and assesments, and abstracting extensum charges, with interest thereon, from date of payment at the maximum
<br />legal late.
<br />As provided in the Wand secured hereby, while this rrnntgage remains ill effect the irxrtgagee may hereafter advance additional sums to the
<br />mallets of said Bond, their assigns of successors in interest, which sums shall he 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 little the original anoint (if this mortgage.
<br />Dated this 11 /7 day of Septanber A. n.. 11) 85
<br />11 1477
<br />__g I
<br />S-1-All; OF NEBRASKA, ss On Ihis 11th day of Septetttivr I l h5 , before fine,
<br />C[N1NTY [ye IIAhI.
<br />L the undersigned, a Notaty Public in and for said County, personally came
<br />Robert L. Stroud aryl lWlissa J. Stroud, each in his 31td her cpwn rWht. cuxi as smnobVknOiovtvnto
<br />etch other, aiY\ >'�
<br />me to he the uMnl"I lersen 9 whose matte s art' affixed to the at",w mstruntettt as mortgagoi ;; and t1k'y wvctally
<br />acknowledged the said instaunent to he their voluntary Ad and dtvd.
<br />WIINUSS my hand .and Notarial Seal the date a1mr. id
<br />My ( "nitinsSXr1 ex 17CY
<br />Waft "VU ..'.<y Daly Ylibhc
<br />IA 7a Pltl XI �✓��%
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