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<br />84'-' 003419
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<br />MORTGAGE
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<br />MORTGAGE LOAN NO, L 24,217 MIL
<br />KNOWALLMENBYTHr~~EPRESENTI:That John D. Russell and Colleen B. Russell, each in his and
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<br />her own right and as spouse of each other, Mortgagor,whetheroneormore,inconsidera~ionorthe'wnof
<br />Fifry Nin~ ~l~~nd ~nd nQLlQQ~~~.~.~",=======-=====-===----------------------------~ILARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand (sianu, Nebraska. Mortgagee, upon 590 shares of stock of
<br />said ASSOCIATION, Certificate No, L 24,217 ,do hereby grant, convey and mortgage un~o the said ASSOCIATION the following
<br />described reaJ estate, situated in Hall County. Nebraska:
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<br />Lot Six (6), in B lock One (1), Lake Davis Acres
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<br />Subdivision, Hall County, Nebraska.
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<br />together with aU the tenements. hereditament.Ii and <tppurtenances thereunto belonging, including attached floor coverings, all window screens.
<br />window shades, blinds.. storm wIndows, awnmg:. t, -.-.)ting, air conditioning, and plumbing and water equipment and accessories thereto. pumps. stoves,
<br />refrigerators, and other fixtures and equipmenl now ()r hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and docs hereby agree that the IDmlgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this. mortgage and tile bond secured thereby before the same shall become delinquent; to furnish_approved
<br />insurance upon the huildings on ~id premises situated in the sum of $59,000400 payable to said AS.."iOCIATION and to deliwr to said
<br />ASSOCIA nON the policies for said insurance: and not (0 commit or pernnt any waste on or about said premises;
<br />In case of default In the perfonrnmce of JO)' of the terms and conditions of this mortgage Of the bond secured hereby. the mortgagee -shaD,
<br />on demand, be entitled to immediate possession of the mortgaged prelTliSt."S and the mortgagu( hereby assigns,. transfers and sets over to_ the
<br />mortgagee all the rents, revenues and inoome to be derjved from the mortgaged premises during such time as the mortgage indebtedness shaH remain
<br />unpaid; :md the HK'rigagee ;i,h~Jl 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 ma-y payout of saHJ inl-'Ume aU expenses of repairing said premises and necessuy-
<br />commissions and expenses incwreJ in renting and managing the same and of collecting. rentals therefrom: the balance rcmaining~ if any.' to be
<br />applied toward the dischaig~ of :;aid mortgage indebtedness; these: Tights of the mortgagee may be ex.ercised at any time during the existence of such
<br />default, inespe-4;lfve of any temporary waiver of the same,
<br />These Presents. however, ale upon the Conditioo, That if lh~ :k!id Mortgagor shall repay said loan on 01 before the maturity of _said shares l,ly_
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as inlerest and principal on_said loan" on or before
<br />the Twentieth day of each and evciy month. until said loan is fuUy paid; pay aU taKes and assessments levied against said premises and on _this Mortgage",
<br />and the Bond secured thereby, before delioqucnq; furujs.h approv.,.d insurance upon the buildings thereon in lhe-sum ofS 59 i 00_0-. 00 _ pafa_~1e
<br />to said ASSOCIATION; repay to said A..~OCIA nON Upl)ll demand all money by it paid for such taxes~ assessments and. insurance with_interest at
<br />too llla.ximum legai fale thereon (rom date of payment aU ot wh.lch Mortgagor hereby agrees to pay~ permit no was~ on said premises; ~et::p 'and wmpJi
<br />with all the agreemems.nd wndition, of tbe Bond r", S 59 J 000.00 this day given by tbe said MOrl~'" to saidASSOCJA'j1ON,a"",coIll{l!Y. '
<br />with aU the requiremems 01 the Constitullou _and By~Laws ot said ASSOCIATiON; then these, preseIits shall -become nuD 3.Ild;-void'l, othe~- the.y
<br />shall remain in full forc-e and may be f~:)feclosed at the option of the said ASSOCIATION -after failure, fOf three months,to-ntake,~anY-_:o(-~
<br />payments or be three months in arrears m making said monthly pllymenu, or to keep and comply with the- agreements-and-,conditions. of sajd~;
<br />and Mortgagor agrees 10 ha\'e a rc-cciver appomte-d forthwith in such foreclosure pr~
<br />If there is any t.-hange: in uwncr60iupvf ibe n"-ai estal~ mortgaged herein, by saie or otherwise~ then ,tbD entire r~_Jndob~,~y-,,~
<br />secured shall. at the option of The Equitable Build.ing and Loan Association of Grand blan~~ Neluuk!l.-beeome_im."!!e~Y,-due -~-1=Y~'*~
<br />furtheI notice, and the amount remaining due under said bond, and any other bond for any additional advances.made tbaeundcr, obld1,fl'lH\ll:>e .
<br />date of exercise of said option, bear interest at the maximwn legal rate.. and this. mortgage may theo be fore~, to iIltisfy the,~unt-4~-_on-~_,:
<br />bond, and any other bond ror additional ad",,"ce.. togelher with all sums paid by said The Equitable BuiWing and Loan As1iociation of Gf8\1dlsiand,
<br />Nebraska for insuraflce~ tues and assessments, and abstracting extension chargcs.. with inteIest thereon, from date of, payment_ at the-- JJia:xiInUm
<br />legal rale.
<br />As plUvided in the. Bo-nu secured hereby, while tlus JflOItgage remains in eifect the mortgagee may hCl"eaftcr Mvancc additional wms, to ~_
<br />maken: of said Bond, their assigns Of SUCiX$SOrS in interest, which sums shall be within the security of this mortgage the _same as the fun4s o_rl,ginaJly,
<br />secured thereby. t()t~~l of pri~cipal debt not to exo:ed at illY time the original amount of this monpge~
<br />~ , . yof June A. D., 19 84
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<br />\/ STATE OF NRBRASKA, ~
<br />..,
<br />COUNn' OF HALL
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<br />Oatbis
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<br />26th
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<br />day of
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<br />June
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<br />19 84 ,!lor"", me,
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<br />L
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<br />John 0. Ruasell Colleen B.
<br />other,
<br />mt tu be the tdentlc.al pcr$Ons whose t~ru:S are oiffixe-d to the above instrumtnLu OlQrtpgot S
<br />drn)wledpd dw ~d jfiitrf1fnt;IH I-u be t:..h€ir \tQ!untary act and deed"
<br />W1TNt:ss my h.ml .nd NvtJit..l &<Il tb, da.. af.".,..;d,
<br />"'YC"nu"imo"eXI"f<'~ /~ /?lI'"
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<br />~-::~j:~4:1
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<br />tl.. undenigned. a Notary Pul>li<: in and for said CO\Ilily .jlO'~CIJl.1e
<br />Russell, each in his and her own right ~ as a~Fs~~\O
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<br />and they
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<br />..",rally
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<br />M-f&.fU
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<br />a /~..,/1
<br />/" I _/
<br />". . ,ithJ~c. .(-l.Le~~T..~
<br />NotlOry rw&
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