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<br />85-as : 00581.9
<br />M0 TC. %C.E
<br />— _ - -- - -- MORTGAGE LOAN NO. L 24,432 AMl.
<br />XNOW ALL, MEN BY 71IFSE PRFSE.NTS: That Jimmy F. Umie i and Janet A. Umie 1, each in his and her
<br />own right and as spouse Of each other, Mortgagor, whether one or more, in c9eoderation of the stn of
<br />SaitmntBPnfihnvaarrl and no/lt3n _ _ - -- - DOLLARS
<br />3muted to said mortWr by The Equitable Btilding and Loan Association of Grand Island, Nebraska. hlortgapee, upon 170 shares of stock of
<br />said ASSOCIATION. certificate No. L24,432 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foUaw6ta
<br />domed read estate, situated in Hail County. %thrarka-
<br />Lot Tara (2) , in HawthDrne SL division, in the
<br />City cf Grand Island, hall County, Nebraska.
<br />topetba with all the teremersts, henrditamnents and appuraernances thereunto helvnging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, am condititm ng, and plumbing and water equipment and accessories thereto. Pumps, stoves,
<br />refr4wra1ors, and other fixtures and equipment now or hereafter attached to or used m Connection with said real estate.
<br />And whereas the said mortgagor lac agreed and does hereby agree trial the mcrtgagG7 ar.L and will pay all taxes and aae>snrnts levied or
<br />asaesaed upon said premises and upon this mortgage and the bind secured thrichi heii -re the same shag become delinquent; to furnish approved
<br />insurance upon the buddmgs an told premsses situated in the sum o1 S 17 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the pohcies for said insurance; and nor to commit of permit am waste cm of about said pretenses;
<br />In case of default in the performance of any o1 the terms and cnalttom of this mortgage or the bond secured hereby, the mongagee sharp,
<br />on demand. be entitled to immediate poisaestrurn of tic n Or1gaged premises and the loort>;agor hereby assigns, transfers and seas over to the
<br />MortPre all the rents, revenues and income to he derived from the mortgaged premises during such tune as the mortgage indebtedness shall remain
<br />unpaid: and the mortgagee shall haw the power to appo»nt any spirit or apenii it ritzy destre for the f+urpove of repairing aid premiscs and renting
<br />The same and collecting ttx rents, revenues and income, and it nay pay out of said income all expenses of repauing said premises and terry
<br />ounnisiorts and expenses incurrrd in renting and nanagmg the sane and w collrcung rentals therefrom: the balance remaining. if any, to be
<br />applied toward the discharge of said mx,rigage indehaedness, these ig is of i he nrxrgagec rruy be exercised at any time during the existents of such
<br />default, irrespearve of any temporary waiver of the sarre
<br />Tahoe Presents, however, are upon the(`endrnon, That of the said M- rtvaea,r Khali repay said loan on o. before the maturity of said shares by
<br />payment, pay n •�-!y to said ASSOXIATION 4 the sum specified in the Bond secured berrbv as interest and principal on said fawn, an or before
<br />the Twenteth day <,? each and every month, until sand loan is fully paid, pay all taxes and asscssmrnts levied against said premises acid on tits Monppe
<br />and the Bmd secured thereby. Before de inguency. fwnNh approved insurance uptin the buildings thereon in the sum of S 17 ,WO.00 payable
<br />to said ASSOCIATION: repay to and ASSOCIATION upon demand ad m .racy by it prod for such taxes, a3wssinents and inswanax with interest at
<br />the maximum legal rate thereon front date of payment all of which Mortgagor iherchv agrees to pay: permrt tni waste on and premtsrs; keep and comply
<br />with all the agreements and conditions of the Bond for 517, 000 . UO this day given by the said Mortgagor to and ASSOCIATION, and comply
<br />whit all the tequutments tof the Constitution and Bydaws of said ASSOCIATION. then these presents shall become null and void, Otherwise they
<br />shall remain an full force and may be foteclowd at the opiton of the said ASSOCIA "PION after failure for three months to make any of said
<br />payments sir be three momths in arrears in making said monthty payments, or to keep and comply Willi the agreements and conditions of said Bond;
<br />and Mortg*w agrees to have a recrisrr appointed forthwith in such foreclosure Proceedings
<br />If there is any change in ownership of the teal estate mortgaged herein, by sak or otherwoe, then the entire remaining indebtedness hereby
<br />secured dutfl. at the option of The Iquitable Building and Loan Association of Grand island. Nebraska, become immediately due and payable without
<br />fmtts. -+ rusuce, and the amount remainimg due ;older said bond, and any other band for any addittoal advances made thereundet, sflap, from the
<br />dais of exercae of said option, rear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bold, and any oil= bond for additional advances. l,:*ethrr with all scan paid by said 'i?e Ltlunable Building and Loan Astuciatwn of Grand Island,
<br />%Cbnaks f'or trasuranir, taxis and assessments, aril abstracting extension charges. with interest thereon, from date of payment at the maxunamt
<br />115A rate"
<br />As pronded in the Bond secured hereby. while this rtrortpgc remains m effect the mortgagee may hereafter advanor additnmal sutu to the
<br />makers of said hon d. itreu assigns — sin s'wors m snterest, whack sums stunt tw within the security of this mortgage the same as the funds originally
<br />located thereby, the total atraiwni .d ptinapal debt not to txcxed at any time -.hc oitganat armiumt if this nwrtginge
<br />Bated this 22nd day r NMemiaer r> . ! > 65
<br />STATI f* ?41
<br />CIA i Is Or, on, 22nd NaveiTix?r Ivb5 . before me.
<br />clay cif
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<br />rte Untkimpwd. a Notsiv PUNK in and f n said Count,
<br />, piervrrtzllytame
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