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<br />84 - 004 57(~
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<br />MORTGAGE AND CDNSTRUCTION. SECURITY AGREEMENT
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<br />MORTGAGE LOAN NO. .L.24.,258
<br />J(,'10W ALL MEN BY THf,sE PRESENTS: That Dennis B. Reirrers and Jayne L. Reirrers, each in his and her
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<br />CMn r.lght and as sJ:X.>use of each other, Mortgagor,whetheTone or more, in consideration of the sum of
<br />Thir~Thousand Two Hundred S~ty Five and nO/100-----7----------------------noLLARS
<br />"",ned 10 said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upGn 372 shares or stock of
<br />said ASSOCIATION, Certificate No. L 24,258 ,do herehy grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County. Nebraska."
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<br />West Half (Wl,) of Lots Seven (7), and Eight (8),
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<br />in Block Fourteen (14), in the Original Town of
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<br />Cairo, Hall County, Nebraska.
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<br />together with all the tenements. hereditaments and :ippurtenant.:es thereunto belonging, including attached floor oove~ aU Window screens,
<br />window shades, blinds. storm windows. awnings. heating. ;m conditioning, and plumbing and water equipment and accessories thereto. pumps, stoves,
<br />refrigerators, and other fixtures and equipment now t'f hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has ;tgrt.-ed and does hereby agree that the mortgagor shaH and will pay all taxes and assessments le\'ied 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 />inswance upon the buildings on said premiSt~ situated in the sum of S 37,265.. 00 payable to said ASSOC1A nON ai:J.d to delner to said
<br />A..SSOCIA TION the policies fOT said insurance; and nm to commit or permir any waste on or about said premises;
<br />In case of default in the pcrfoffimnce of any of the terms and conditions of this mortgage or the bond secured hereby. the mortgagee shall~
<br />on demand, be entitled io immediate possession of the mortgaged premises. and the mortgag.or hereby assigns, transfers and- ,sets over- to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises dwing 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. revenu('s and income, and it may payout of said im.'Ome all expenses of repairing said premises and, necessary
<br />commissions and expenses incurred in renting and managing the same anti of collecting rentals the[efrom~ the balance remaining, if any_, to be
<br />applied toward lhl' diS4..':harge of saill mortgage indebtedness: these rights of the TUortgagee may be exercised at any time dwing the existence or-such
<br />default, irrespel.:tive of :my temporary waiver of the same.
<br />These l)reseots. however. are- upon the Condition. Hun if [he said MOrlgagor shaH repay said loan on or before the maturity of said. sbues by
<br />payme-nt~ pay monthly tu satd ASSOClA nON uf the sum specified in the Bond secured hereby as interest and principal on said loan, on or-bero~
<br />the Twentieth day of each and every month, until said loan is f uUy paid; pay all taxes and assessments levied against said premises and on this Mortp&e
<br />and the Bond secured thereby. befote delinquency~ fumish 3pproved inswance upon the buildings. thereon in the sum of $ 37,265.. 00 payable
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand all ffi;.")Jlt:y by il paid for such taxes, assessments and insurance with interest_at
<br />the maximum legal rale thclcun fmm date uf payment an of which Mortgagor hereby agrees to pay~ pemut no waste on said premises; keep andcompJy
<br />with aU the agreements and conditions. of the Bond for S 37, ~65.. 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with aU the requlfC'mcnts of the Con~tttutlon and By~Laws of said ASSOCIA TION~ then these presents shall become null and void) otherwi$e they
<br />shall remain in full force and lUay lx' foredosed at the option of the said ASSOC'IA TION after failure for three months to make any of said
<br />payments. \H he lhllX' lnonths In at lca.rs m making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagi,)l :tgn'es to ha\ic a f{~1..C1VCI appointed forthwith in such forecloswc proceedings.
<br />If there is any change in ownership ;,,)f the real estate mortgagt..-d herein, by sale or otherwise, then the entire remain.ing indebtedness hereby
<br />secured s.haH, at the option t)f The Eqwtablc- Building and loan Association of Grand Island, Nebraska. become immediately due and payable without
<br />further notice, and ttlt' amount lemaining due under said bond. aud anv oaher bond for any additional advances made thereunder. sbalIj from the
<br />date of exercise of said uption, bear intcJest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due aD sUcl
<br />bond. and. any other bond for additionaIadV".toces, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insuraIH.~, taxes and assessments, and abs.tracting cxtePSion charges. with interest thereon, from date of payment at the maximum
<br />legal rale.
<br />As provid~d in the fkmd secured hereby, while this mOflgage remains III clIect 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 same as the funds originally
<br />secured thereby, the total amuullt of prtnc-tpal debt not to cxu.---ed at any time the original amount of this mortgage.
<br />: Oated lhis 3)-st Jay of August A. [)., 19 84
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<br />ST ATF OF NEBRASKA,. i'
<br />ss.
<br />COUNTY OF HALl
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<br />On this
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<br />31st
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<br />day or
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<br />August
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<br />19 84 , before me,
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<br />the underSlgllC\I,.it NHtary J"-ublic in amI for said County. personally came
<br />lJennis 13. ReinErs and Jayne L. RellTErs, each in his and her awn r~tlt~d as~.w.\ltTi\.2t.l8'ch
<br />other,
<br />Int to be iht' ld-t'tlhca[ pcts.on S who.'i(' mune S are affixed tu ill" al~nle in.stmment ..I.S llll.HtgagOI S and t.hey sewra11y
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<br />ackntlwlcd-gt'iJ th~ said ~ns!n.lH-.e.H tIJ he their TuJunt:;:u~- a....t imd .l-Ci.'-d
<br />WITl"j;s..'\ m} ham! anJ ~utallai Sea_llh!': dale .illnH'$dltl
<br />My C.tllmH;,':,IHIl ('''-pliO ~"'''l.i It; I rjJy/
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