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<br />ML'RTCA(;,E _ _ __ _ _
<br />MORTGAGE LOAN NO. L 23531 MGIC
<br />KNOR'ALLMENBYTHESEPRESEMTS:That Michael F. Hummel and Beverly D. Hummel, each in his and
<br />her own right, and as spouse of each other
<br />Mortgagor, whether one or more, in co»sidecati~ of the stm of
<br />Thirty-seven Thousand Three hundred Fifty and No/100---------------------- --- ~~~
<br />hranad fo said mortgagor by The Equitai)k Sodding and L+.>an Association of Grand Island, Nebraska, Mortgagee, upon 37 3 shares of stock of
<br />said ASSOCIATION, Certificate No. L 23531 MGIC , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described rest estate, situated in Hall County, Nebraska:
<br />LOT FIFTEEN (15) BLOCK ONE (1)
<br />MEVES FIRST ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY
<br />NEBRASKA.
<br />together with alt [he tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, a- window screens,
<br />window shades, bfinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pttrops, ssoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached tour used in connection with said real estate.
<br />And whereas [he said mortgagor has agreed and dues hereby agree that the mortgs~,r shall snd will pay sll taxes srid 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 />inwrasice upon the buildings on said premises situated in the sum of S 37 , 350.00 payable to said ASSfDC1ATtON and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In casE of default in the performance of any of the terms and conditions of this ntortgagc ur the Fxrnd secured hereby, the mortgagee strap,
<br />on demand, 6e entitled to iminediatr possession of the mortgaged premises and [he nwrtgagur hereby assigns, transfers and sets over to the
<br />mortgagee a(I the rents, revenues artd inootne to bz derived from the mortgaged premises during such fime as the mortgage indebtedness shall mrnain
<br />unpaid; and the ~rtgager shall have the power to appoint any agent or agents i! may desire fur the purpose of repairing said prcmixs arnt renti.~
<br />the same and collecting the rents, revenues and income, and iE may pay out of said income all expenses of repairing said premiaas and necessary
<br />comtnisxions and expenses incurr€d in renting and ttranagitig the same and of cottectirtg rentals therefrom; the bahrtce rcmairtitrg, S any, to bt
<br />applies toward the discharge of said mortgage indebtedness; these rights of the mortgages may Fx exercised at any time during the existence of such
<br />default, irrespectsve of arty temporary waiver of the samic.
<br />Thtse Presents, haweve[, art unan tht (_'onditiun, That if rho said Mfr?tgagur stta}} repay ~! loan un ~ before tlx maturity of ~. lit
<br />payment; pny munlhly to said ASSOCIATION of the sum specified in tln: Bond secured herehy as iatc[est and ptincipal on said toau, on of 6afora
<br />flu TwenEleth day of each and erery month, until said loan is fully paid; pay all taxes and assessments }tvled against said prcmisas and an the M~Egage
<br />:aru# the Bond recut€d thereby. before drUnqucney; furnish approved insurance opt>n the buildungs thcreem in the sum arf S 37 , 350, QO payablt
<br />to said ASSOi:}ATIfIN; repay to said ASS(ICiATION umrr dctnand all rtxxrey by it pact far surlt taxes, a~~=Q~§is a-ed ins+s€a wills snt~r~ at
<br />tht :naximutn legs} raft tt,~ceun from daft of payrr~nt all o:' which Murtgaguc h€r€by egrets to pay: prt3tsit rsiy wastavn girl pretstises; keep and comply
<br />watt ail t'nr agreements and cunstit~ns of the Sand fur 1 37 35D. OD the day given by the said hortgagor to said ASSOCrATION, and o°mply
<br />~ittt sit il-r :xgjtirt;,rrr.;t3 of ~ ('::t:stitutiort and By°-Laws of said ASSt3CfATi(3N; then ihas€ puts shah baiiottsz nail an3- yield, otit2rwise tlte;y
<br />shall remain in full force and rosy be furct:losr:d at the option of tht said ASSO('{ATION after failure for three months to tttakc any of said
<br />payments or 6e three months in arreus in making saint mvnthty payments, oc to keep and comply with the agreements and catditixrns of scut ttrrnd:
<br />and Mortgagor agrees to hart a receiver appointed ibrthwith in such foreclosure proceedings.
<br />If there is any change in ownership ui the rral estate mortgaged herein, by sale ur otherwist, then the notice rrsuairtiog imkbtadtaem hereby
<br />aetvmd shal-, at the option of The Equiubk Building and [.watt Association of Craad IsLsrid,Nrbraskr,beasme immediately due and payabb vaithrsut
<br />further txrtica, and the amount remaining due under saW bond, snd any utMe bond for any additional advanrxs ntadc thereunder, doll, from the
<br />date of exercise of said optµirt, btu interest at the maximum legal raft, amt this [rautgage ttmy then be foreclosed [p satisfy tFx~ amouctt duce as scud
<br />borui,and any other bond for additional advances, together with all sums paid by said Ter Equitable Building and Wan Associatisut of Graced lstaad,
<br />Nebraska fur inmranu:, taxes and aavesamants, and abs[raeting txtcnaion eftarges, with intcrcit Iherton, from date of payment at the ttnximttm
<br />Mgai late,
<br />As providod in thn frond secured hereby, while this tm+rte rctrtainx in effect the mortgagee nwy nee after sdvance addi:x+nai scans to the
<br />mdters of said Bond, their assiyms °r xurcesxtrs in interest, which runts shall be within the security of this murtgsge the rattle as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any titrir the nri$inal amount of this mortgage.
<br />tTactd this 31st day of August A. n., l9 7g
<br />M~chael~F. ttdt{tr~1 _....'
<br />Beverly kuc}allel
<br />STATk? OF NEBRASKA, ~ ~ On this 31St day or August tq 7g ,before me,
<br />C(N1NTY of HALL
<br />the timbraigrted, a Notary Public in and iw said County, peraottally caote
<br />Michael F. Hummel arid-Beverly d. Ht,rm/et, each in his and her own right and as~s~o~l~~no°wfn
<br />each other w ° are y `°
<br />sire to be the ident9tsl persong whose ea,nag dre affixed to the above instrument as mortgagor S, and they severally
<br />acknowledged the said tnstrittiterit to 6e their voluatary act and deed.
<br />R+ITNESS my hand astd Notarial Saai the data aforteald. `1
<br />My Cotn~itissi°n ~~sa ~'' f. , f - , ~(r ~"
<br />tats at ~-~'~._+ G=NEARl. Npt~°`t-ahta v' °~hta5kal ~•{~ Halsey Public
<br />~ ~~- ivi. Vq. uiv°'~r
<br />r~""n Mp Co-mm, t xp-Aug. 31, 1982
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