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<br />83-003664
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<br />MOR11GAGE
<br />
<br />MORTGAGE LOAN NO, L 24,107
<br />Kenneth R. Husmann, a single person a.'1d Lola J. Meline,
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<br />KNOW ALL !>fEN BY THESE PRESENTS: That
<br />a: single person
<br />
<br />,_. . .. . --'-'--,",,- fth f
<br />Mcn~-c:-~ w[:=---r:er eneor tt'..ore.. m \.A.n~d.'"t'U'no, esmno,
<br />Thirt:y-Eight Thousand and no/lOQ------------------------------- OOLLARS
<br />
<br />loaned to said rnoI1gagor by The F..quitable Building and Loan Asso<-iatioll of Grand Island, Nebraska, Mortgagee, upon 380 shares ofstoc:lc: of
<br />said ASSOCIATION,: Certificate No. L 24,107 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate" situated iuBall County, Nebraska:
<br />
<br />Lot Ten (10), in Block Fifteen (15), of Baker's
<br />
<br />Addition to the City of Grand Island, Hall County,
<br />
<br />Nebraska
<br />
<br />
<br />
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades. blinds, storm windows, a\\'I1ings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and orner fixtures and equipment now or hereal'ter attaehcd to or used in ~'Omle.ction with said real estate.
<br />
<br />And whereas Ilhl: said mortga.gor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said Im:mises and upon this mortgage and the bond secured therebJl before the same man become delinquent; to furnish approved
<br />insurance upon the buildings on said prcmi= situated in the sum 01'$ 38,000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIA nON the policies for said insurance; and not to (~)mmit or permit any waste on or about said premises;
<br />
<br />In case of default in the performance of any of the lerms and conditions of this mortgage or the bond secured hereby, the mortgag~ shall,
<br />on demand, be entitlc~d to immediate possession of the mortgaged premises and the mortgagor hereby a.ssigns, tnl1lsfers and sets over to t.he
<br />mortgagee ail the rents, revenues and income to be derived from the mortgagcd premises during such time as the mortgage indebtedneiOS shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agclll 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 payout of said income aU <:xpen= of rcpairing said [lremises and necessary
<br />commissions and e~;pemses ineuned in renting and managing the s.~me and of coUceting rentals therefrom; the balance remaining, if any, to be
<br />applied toward t.he discharge of S3.1d mortgage indebtedness; these rights o(lhe mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
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<br />Tllese Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />paymem; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as imcrest and principal on said loan. on or before
<br />the Twentieth day of each allll every month,lllttii said loan is fully paid; paya11 taxes and assessments levied against said premises and on this Mortgage
<br />
<br />and the Bond secmed thereby, before delinquency; furnish applOVt.'<l insurance upem the buildings thereon intbe sum of $ 38,000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand ail money by it paid for such taxes, assessments and insurance with interest. at
<br />the maximum legal rate thereon from date of p'.;yment aU of which Mortgagor hereby agrees to pay; permit 110 waste on said premises; keep and comply
<br />
<br />with all the agreements and conditiolls of the BOlld for $ 38{000 .00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requiremems of the Constitution and By-Laws 0 said ASSOCIATION; then these pre5<'ntsshall become null and void, otherwise they
<br />shall remain in full force and.. may he foreclosed at t.he optiOIl of the said ASSOCI A TION after failure for three months to make any of said
<br />P<iyments Of be thr~'C months in arrears il\ malting said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />arId Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
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<br />If there is any cilange in ownership or the real estate mortgaged herein, by S'.ue or otherwise., then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and UY~1 Association of Grand Island, Nebraska, become immediately due and payable without
<br />further nollce, and the amount remaining dill' undcr said bolld, and any olher bond for any additional advances lnade thereunder,. s.haII, from the
<br />date of exercise of said option, bear interest at the maximum legal rdte, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />llOUd.. and any ()ther ooIld fOr additional advances, together with all sums paid by said The Equitable Building and Loan Asso.ciationof Grand Island,
<br />Nebraska for insurance, ta.xes and assessments, and abstracting extension charges, with inUrest thereon, from date of payment at tbelmtXimum
<br />legalrate.
<br />
<br />.. . As providediluhe Borld secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />lI!3i\:ers.ofsaidBoud, their assigns or successors in interest, which sums sha.!! be within the security of this mortgage the same as the funds originally
<br />secured.thercby,. th(: t.Qtalamount of prim;ipal debt not to exCtl<1d at allY timc the original amount of this mortgage.
<br />
<br />July
<br />
<br />A. D., 19 83
<br />
<br />11th
<br />
<br />day of
<br />
<br />July
<br />
<br />19 83 , heforeme,
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<br />the undersigned, a Notary Public in and for said County, personally calIl<l
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<br />a s.inglE:'; .person and Lola J. He linE; , a single person
<br />who are personally known to
<br />
<br />s whose name 5 are "nIxed to the "b(>ve instrument as mortgago,' S
<br />VOlllfHllry deed.
<br />hand and Notarial Seal the date aforesaid.
<br />. . . . '"~.... /1/
<br />M,y Commji!lSiofl c;i\.pircs/l,(' C/' . III
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<br />bL~~~~=1
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<br />and they severally
<br />
<br />
<br />llH8-2!oIlll
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