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004640
<br />MORTGAGE
<br />MORTGAGE LOAN NO. - HT —Al2 FHA
<br />KNOW ALL MEN BY THESE PRESENTS: That Gerald R. Rugg and Ruth E. Rugg, each in his and her awn
<br />right and as spouse of each other , Mortgagor, whether one or more, in consideration of the sum of
<br />_Fnir Thanvsnrrl Five_ ._Ealr_.and -_ 41- 7OQ- :.— ���'�•—.�— �� "'� "DOLLARS
<br />Wailed to said mortgagor by The Equitable Building and Loam Association of Grand Island, Nebraska, Mortgagee, upon 45 dw a of sloek of
<br />acid ASSOCIATION, Certificate No. L HI -812 FHA , do hereby grant, convey and moapp unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska-
<br />Lot Four (4) in Block Sixty Eight (68) in Wheeler & Bennett's
<br />Second Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />higetber with all the tenements, lerrduarfcnls rail Apputtenances therrunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows. Awnmgs, heating, an condemn mr -and plumbing and water equipment and acccaories therelo,pumpa,stoves.
<br />refrigerators, and other fixtures and equipment wiw or heicattet attached to or used in connection with said real estate.
<br />And whereas the said moilgagor has agreed and dues hereby ag+ce that the mortgagor shall and will pay all taxes and astaanents kewd of
<br />aaemaed upon said premises arid upon this imrrtwt+ge and the blind secured therchy before the same shall become delinquent; to furnish approved
<br />itnmamce upon the buildings ten said prentives +misted ins the sum of b 4, 504.99 payable to said ASSWIATION and to deliver to said
<br />ASSOCIATION the policies for said onsuratiec: ;and not to onnnud lit permit any waste on of about said premises;
<br />In case of default in the pertorrwnce of army of the terns and conditions of this mortlaw its the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession lit the mortgaged premises and the murttiligrn hereby assigns, transfers ass seta over to the
<br />m xKfVW ap the rents, revenues and mcome rm tic derived from the rtortita ged premises during such time as she mortgage usdebvednem shill rtrmain
<br />unpaid; ins (he mortgagee shalt have life Ir)Wrl 1,9 appoint any agent or Aprnts If may deure for the purpose of repairing Paid premises and renting
<br />the tats and colkGing the rams, revenue, and insane, and it may Ifay out aif said income all expenses lit repairing said premises and neowaay
<br />comunnmions and expenses iwurred in renlury, and nunaging file %serer and of colkcturog rentals therefrom: the balance remaining, if any, to be
<br />applied toward the dstxhuge d,I said ruts igAge indebtedness. these rights of the t,,origaigm may be exercised at any time during the existence of Mich
<br />default, irrespective of any tempotaty waiver rdf the sane.
<br />These Present, (uneven, are upon the ('onditom, Iflat if the said M.- agagdr ,hall repay said loan on or belittle the maturity of said shares by
<br />payment -. pay monthly to and ASMVIAI if IN it rte• sum .specotfed in the (Mind secured hereby as mtctest and principal on slid Ion, on or before
<br />the Twentieth day of each and every momth. imid said lrAn i, . fully paid: pay all taxes and assessments levied against sus premises and on this Mortgage
<br />and the &)nd w4used thereby, befinc dchnyucney furnish approved insurance upon the buildings thereon in the sum of $4, 504.99 payable
<br />to said ASSWIATIINI: repay 14, vend ASSWIATI(1ti upon denund all money by it pod hr such taxes, asxywetents and munance with interest at
<br />the maximum legal rata thereon Iiom date lit payment all of whisk Murtgagcm hereby agrees io pay; permit ms waste on said pre., ;keep and comply
<br />with all the ageements ant cerlditnrns (IC the IM+nd for $ 4, 504.99 lhr day given by the said Mottgagur to and ASSMIATION, and comply
<br />with all the requiremsnts of glee 6tristiluth)n And NV -Lars of said ASSix:IA'CION; ghee, these presents shall become null and void, otherwise they
<br />shall rear at in fall force and rtwy tic 11o1a-Wwd at the option of the said ASSOCIATION after faJurc for thnec months to make any of said
<br />pytmemu in be throe months in aetears in mAkmg said monthly payments, or to keep and comply with the agreements and condition of said Botts;
<br />Mid Mwt ppr agrees gar haves icoetver app inn(ed f+xthwith in such foreclosure proceedings.
<br />If then is any chCa c in ownership of the teal estate mortgaged herein. by ask or otherwise, than the entire rimmitinng ideiaudner hereby
<br />matured sash, a the option of The Equitable Budding and Ulan Association of Ciand Island,Nelaraaka.beco me a mediattily due wed pyabk without
<br />follows nutim. and the amount remaining due uri said surd, and any other bend for any additional advances node theretmndu, sus, from the
<br />date of ex"Ca r of maid opxnn, beat intrrast as ode maximum legal rate, and that morttilige may then be futeclored to satisfy the amount due on mid
<br />boud,and army omhar bond for additional advances, together with all sums, pad by sad The Equitable building and (.oat Amoeialiom of Crass laland,
<br />Nebtulis fa gMra ce, taxes and asxss +e vans , arid abstracting extensin charges, with interest thereon, from date of payment al the maximum
<br />111111111 tae.
<br />As availed in the Bard secured liceby, while this nnuttgale remalms tit effect the nrrtgagoe may hereafter advance additikrul sums to the
<br />mrkars of std send, shear ages err su( csvoxs to mlrrvo. which tunes shall be within ft security (if this mootgaae the sense as the funds originally
<br />saearad thirraMy, the total amunt of pnru opal debt exit ro exceed at soy time the orwioal amount of this mortgage,
<br />lath sseptwber A. D., IH 85
<br />i
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<br />S'T'AIN: OF NIMASKA. (tt) this 17th day,)( Sepatembear it) 85 , befoaae
<br />t t,
<br />xs.
<br />COItW1 V ON HAI.,I.
<br />the undetsngncd, a Notary Nilotic in and for said t'oosn(Y. p,erxmaUy tame
<br />Gerald R. Rugg and Ruth E. Rugg, each in his and tier r-wn right aW 1gsixxil o�ykrttrwnten
<br />rather, art.
<br />ma to be the identical petsun a whow nauvr s are affixed to the atxrvc inarumcnt as m,xtpppg(fr S amltjtx y severally
<br />asftalowledgtrd the sad taarumamt to be their wdunlsov NO and deed.
<br />111111105S my hand and N itavwl Seaa ten date• ad aeons } d
<br />my(:)nminnow tvpire -sl
<br />\u(uY Public:
<br />lomm
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