|
L
<br />85-- X05944
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 24.43$____
<br />KNOW ALL MEN BY TIIESE PRESENTS: That Robert L. Hoins and Maxine M. Hoins, each in his and her
<br />own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the stun of
<br />— 't' —tY seven Thentigand F;ve H rc�d_ 3 rto %1QQ.- - - - - -- ��_��_.._ - - -- -COI I ARs
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 380 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,438 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Three (3) in Lush Subdivision in the City of Grand Island,
<br />Hall County, Nebraska canprising all of Lot One (1) in Island Acres
<br />Nulltber 7, in the City of Grand Island, Hall County, Nebraska,
<br />situated in Part of the South Half (S') of Fractional Section Seven (7)
<br />and Part of the Northwest Quarter of the Southwest Quarter (NW�sWk)
<br />of Section Eight (8), all in Township Eleven (11) North, Range Nine (9),
<br />West of the 6th P.M., in Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenatims 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 rile mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage 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 37, 500.00 payable to said ASSOCIATION and to deliver to said
<br />ASS(Y'IATION 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, he 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 mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the rmortgagee shall have the power io appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom: the balance remaining, if any, to be
<br />applied inward file discharge of said mortgage indebtedness; these rights of the noong. _,ae may he exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />Ihesc Presents, however, arc upon the Condition,'I hat d the -Lard Mortgagor shall repay said loan on or before the maturity of said stares by
<br />payment: pay nonrhly to said ASSOCIATION of the sum specified to the fiund secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every nonth, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance uptm the huildings thereon m the sum of S 37, 500.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all looney by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payntcnt all of which Mortgagor hereby agrees to pay; permit no waste on said premises-,keep and comply
<br />with all the agreements and conditions of the Bond for S 37 500.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and fly-Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall rennin in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three nonths in arrears in making said monthly payments, or to keep and Comply with the agreements and conditions of said Bind;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change 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 Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maxinwm legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />buoad,and any other Lond for additional advances, together with all suns paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />kgal rate.
<br />As provided in the Bond secured hereby, while [tits mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the saute as the funds originally
<br />—se hereby, the total amounl of principal deht not to exceed at any little [lie original amount of this mortgage.
<br />ed this 30th of November. A. u , f rb 85
<br />STATE OP NEBRASKA, I s . On this 3Utl't la of t r
<br />C(HINTY 01; IIALI. y Novemtx r I) 85 , before tie,
<br />I he undersigned, a Nntary public in and fit said County, petianalbyottne
<br />Rcbt rt L. Huillcl anfl Maxi.tr,, M. Hoins, t,tl ch in his anti! tzar own rigl and as y ;e i (illy c , ul
<br />other , vat axed r. on inuw
<br />file to he the r30111nat pervm g whose rrarne 4i are atfised w the above 11191rltrllelll as nmorlgagur S and tlh'y' severally
<br />acknowledged the said mmlrunrew to be t)v if voluntaoy act mud deed 1
<br />W11 Nftiti my hand and Notarial Seat the date nluresaul
<br />Ny 1 omnnssam ruprres r'' �
<br />iarar� fir �1 "4 ROUSH ry lhtbhi
<br />M ARIL � Nn. lS,1l11
<br />
|