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<br />83-- i~00~r~~
<br />MORTGAGE _ See L 22,089
<br />MORTGAGE LOAN NO. L 24, 074
<br />KNOW ALL MEN BY THESE PRESENTS: That DDnna Jean Smith and Sam L. Smith, each in hiS and
<br />her txan right,
<br />Mortgagor, whether orce or more, in wnssdention of the stem of
<br />~~OLLARS
<br />loaned fo mid mortgagor by Ttte E'quitabk Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 50 shares of stock of
<br />said ASSOCIATION, Certificate Na. L , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hail County, Nebraska:
<br />A tract of land cattprising the 523.0' of
<br />LOt :i1X (p j and PlUitht=r ly .7 % . U ° Of
<br />Lot Seven (7), Block Thirteen (13), West
<br />Park Additson to the City of Grand Island,
<br />Hall Cotutty, Nebraska.
<br />trtgettrer wit[t aU the tenements, hereditaatenta and appurtenanczs thereunto beianging, including attached flour coverings, ail window screens,
<br />window shades, blinds, storm windows, awnings, heating, air castditioning, and plumbing and water equipment and acxssories thereto,putnps,stovea,
<br />refrigerators, and other fixtures and equrpment now or hereafter attached to or rued in eannectivn with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay nit t;xss and asaemrents levkd or
<br />asst~ed apart said premises and upon this mortgage and the brand secured thereby before [he same shall become delinquent; to fumislt approved
<br />insurance upon the buiidmgs an said premises situated N the sum of S 5, 000.00 payable to said ASSOCIATION and to deliver to saM
<br />ASSOCIATION the policks far said insurance; nerd ant ter commit ar permit any waste on or about said premises;
<br />In rase of default in the pertbrmance of any of the terms and wnditiorts of this mcntgage m the bond secured hereby, ttx mortgagee shall,
<br />im demand, be entitled to immediate passe~.ian of the rsrottgaged premises and the rrturtgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues nerd intwrns to be der»ed from the mortgaged premises during such tune as the tirortgttge indebtedness shalt remain
<br />unpaid; and the nnartgaga shall have ttce power to appoint any agent or agents ii ntay 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 prentiaes and necessary
<br />camnrissioas and expenses incurred is ranting and managing the same and of r:olkUireg rentals therefrom; the baknce remairtfng, if any, to be
<br />appiled toward the divcttarge vl said mortgage indebtcdrtess: these rights of the mortgagee may be exercised at any tierce dtuing the existence of such
<br />default, irrespective of any temporary waiver of rho same.
<br />Those Presents, however, are upon the Condition, That if the sold Mortgagor shall repay said Iuan an or before [he maturity of said shares by
<br />payment; pay rramihly tv saint ASSOCIATION of the aeon specittsd m rfre fktnd secured hereby as interest and principal on said loan, on of before
<br />the 'i\venliethdny of rash acrd every trxrn[h, until said Ivan is tally pad; pay all taxes and assessments levkd against said premises and on this Mortgtge
<br />and the Band scwrsd thereby, before dstinquency: furnish approved insurance upon the bttitdings thereon in the sum of S 5, 000.00 payable
<br />xo mid ASSOCIATION; repay to saW ASSOCIATION upon demand alt nxtary by it paid t`or such taxes, assessments and insurance with interest at
<br />the rrraximum Legal rate there[rn from date of payment all of whidt Mortgagor hereby agrees to pay; permit no waste on said premises; leap and comply
<br />with alt the agrsements sad conditions of the 13ond far S 5 , 000.00 tftis daY Stuart by the said Mortgagor to said ASSOCIATION, and wmpty
<br />with a6 the regttirerrrents of the Cvnstita[ion and By-Laws of said ASSOCIATION; then these presentz shall become nub and void, otherwise they
<br />shalt remain in fu6 force and relay ere foralosed at the option of the said ASSOCIATION after failure Car these months to make any oC said
<br />payments or 6e three trxmths in arrears m making said manthfy payments, ar to kcep and wmpfy with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to base a recefmr appointed forthwith in such foreclosure proceedings.
<br />It there is any arrange in ownership of the real estate mortgaged herein, by sale ar otherwise, then tiro entire rams-g indebtedtusa hereby
<br />secured alts![, at the option of The Equitable Btriiding and Loan Association of Grand Island, Nebraska, bemtru immediately due and payable without
<br />further ,orrice, nerd ifre arnotrnt remaining due under said bond, and any other band for any additional advaocea made thereunder, ahaB, from the
<br />date of exercise of said option, boa[ interest at ttu maxvnum legal rate, and thg mortgage may Ucen be foreclosed to atidy t}x amount duo on said
<br />bond,arsd any othcc band far additional advances, together withal[ surds paid by said The Equitable Building and Lasn Association of Grand [stand,
<br />Nebraska for insurance, taxes anrt assessments, and absiractiug extension chars, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secumi hereby, while this rrrortgage remains in effect the mortgagee may hereafter advance additional semis to the
<br />makers of said &md, iheu assigns or susssvors in interest, which sums shaft be within the security of this mortgage the same as [Ile funds originally
<br />accrued thereby, the total amount of prindpal debt not to exc~d at any time the original amount of t#tis mortgage.
<br />~~ this 14th ~Y of +',r` ~ JanlldTy A. A., 19 83
<br />e L,~th
<br />ST'A'TE OF 1~?.Bltr~SlzA. ~ ~. f?n this 14th day of January i 983 ,before me,
<br />t:tx[Il+~t~ (~~ tiLt i
<br />- - the umkrsgpred, a Notary• Public ire and far acid Coumy, ptratnally nme
<br />1 J Stttth and- Sin L, ~ttit3z, each in his atxi her cwn right, who are pcrr«tatty krrowo m
<br />nee to bt ~ idcmt[gl penan B wtmar name & are affumst to t[ee abo~inKStt~nr as nmrsgagorS sad t11t'Y severally
<br />~d t[sa ae&d insvuttarrd to be t:37Ei.Y vahanivy art cad dead, t' ~ ~ ~ .--""~ "
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