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85-- 006258
<br />MORTGAGE
<br />rMORTGAGE LOAN NO. _j— 21 FHA
<br />KNOW ALL MEN BY THESE PRESENTS: That Dona Id L. Graff and Bonnie L. Graff, each in his and her
<br />own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Six Tbausand Seven Hyped Fc rty Niemand _l5 100 -- -- LLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 67 ,charts of stock of
<br />said ASSOCIATION, Certificate No. L HI -821 FHA , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Nall County, Nebraska:
<br />Lot Two (2) in Sunset Fifth Subdivision, being a part of the
<br />North Half of the Northeast Quarter (NhNE;) of Section Eleven
<br />(11), Tpwnship Eleven (11) North, Range Ten (10) West of the
<br />6th P.M., Hall County, 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 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 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 5 6 ,749.15 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 premrscs;
<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 mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to 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 itemises 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 toward the discharge of said mrortgage indebtedness; these rights of the mortgagee may he exercised at any time during the existence of such
<br />default, rrrespeeuve of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition. That if the said Mortgage, shall repay said loan on or before the maturity of said shares by
<br />payment, pay monthly to said ASSOCIATION of the sum specified in the Bond scouted hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and un this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $6 x749.15 payable
<br />to said A.SSOOIATION: repay to said AS.SCX'IATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate theism from date of payment all of which Mortgagor hereby agrees to pay; permit rki waste on said premrseckeep and comply
<br />with all the agreements and conditions of the Bond tit S 6 t7 49.15 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requucments of the Constitution •and By-Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shag remain in full force and may be foreclosed at the option of the said ASS(WIATION after failure for three months to make any of said
<br />payments of be three months to arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agues to have a recerver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged hereto, by sale or otherwise, then the entire remain tg indebtedness hereby
<br />secured shag, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, will the amount remaining due under said bond, and any other bond for any additional advances made (hereunder. shall, from the
<br />date of exercise of said option, bear interest at the maximum legal talc, and this mortgage may then be foreclosed to satisfy the amount dote on said
<br />boad,ant! any other bond for additional advances, together with all sutras jsaid by said The liquitablc Building and Loan Association of Grand Island,
<br />Nehic ska for insurance, taxes and aces ments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />kgrd tale.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns err successors in interest, which sums shall be 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 tittle the original amount of this mortgage.
<br />Dated this 12th day Of December A. R. Ill 85
<br />STATE OF NEBRASKA, ss. Oil this 12th day of DeLxxtlber 19 85 , before rase,
<br />C(XJN'n OF HALL
<br />Lthe undersigned, a Notary Public in and for said County, personally came
<br />Domki L. Graff at-xi Bonnie L. Graff, each in his and her own right alai as spo � Of e h
<br />Uttic?I , who act penally kttoi "fo
<br />me to he the identical parson g whose name S dre affixed to the above instrument as mortgagor 5 and tj'wy severally
<br />acknowledged the swirl msuunient Its be th0i.r voluntary act and deed
<br />WI'f NI S5 my hand and Notaral Seal the date aforesaid
<br />My Cunmmssicm expires
<br />NMIMt fH1afIM -stsu M ■straits Notary Public
<br />i�razar Kr JOANNE (1. ROUSM
<br />My CGmm Frp tW. 25,►SI>♦1
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