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$0'-=005432
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23,807
<br />KNOW ALL MEN Sr TNESE PRESENTS: That K. Michael Oliver and Christy R. Oliver, each in his
<br />and her own right and as spouse of each other,
<br />Mortgagor, whether arre ar more, in conmdetati~ of the st® of
<br />Fortv Thousand and No/100---°-----------------------------------------------------
<br />aal.cARs
<br />Ironed to mid mortgagor by The Equitable Braiding and loan Association o€ Crand Island, Nebraska, Mortgagee, upon ¢QQ dram of stock of
<br />said ASSOCIATION, Certifiate No. L23>BD7 , do hereby grant, convey and nwrtgage wrw the said ASSOCIATION ttre foBowiog
<br />described real estate, situated in Hall County, Nebraska:
<br />THE SOUTH r'IFTY FIVE FEET (S55') OF LOT EIGHT (8) AND
<br />THE NORTH TWENTY FEET (N20') OF LOT NINE (9), WOLFE'S
<br />SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBP,ASKA.
<br />together with all the terrernents, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air mnditioning,andptumbing and water equipment and accessories thereto, pumps, stoves,
<br />refzgerators, and other fixtures and equipment now or hereafter attached W or used in connection with mid real estate.
<br />And whereas the mid mortgagor has agreed and does hereby agree that the mortgagor shall red will pay aB [axes and assesstntrts levied or
<br />assessed upon said premises and upon [his rrwngage and the bond secy{fg,d ebkk~ye fore the same shall become delinquent; to Currush approtxd
<br />insurance upon the buildings on mid premises situated in the sum of S 4U. ~ • UU payable [o mid ASSfX'iATION and to dthver to said
<br />ASSOC.(ATION [he policies for mid insurance; and nut to commit or permit any waste on or about said premises;
<br />In case of default in the performance of any o[ the terms and conditions of this mortgage or the bond secured hereby, the mort~tgee shah,
<br />an demand, be entitled to immediate possession of the mortgaged premixs and the ttwngagor hereby assigns, transfers and secs over to the
<br />mortgagee all the rents, revenues and income [o be derived tiom the rnengaged premises durhrg such time as [he mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall hour the power to appoint any agent or agents it may desire for the purpose of repairing said promises and renting
<br />the rarx and callzctu,g thz ants, :zv~nues erd ina.ntz, and it may pay cut c said incamz all zz~nszs ut :spacing said przrniaes and nzzexbry
<br />commissions and expenses incurrtd in renting sad rnanagurg the sent end oC collecting rentals therotrom; the ba{antz remaining, it any, to be
<br />app;_ied inward thn discha:gz of saiil mortgage indebtedness; tbe~ rights of t'ee nxnigagte ,may err exerciseil at any f:me duri„g tt•~ existeree of °ac.'t
<br />default, irrespective oC any temporary waiver of the same.
<br />These ,=resents, however, are upon the Condition, That if the urd Mortgagor shalt repay said loan on or ixCure the maturity of said shares by
<br />paysripnt; pay monthly to said :4SSaClATION of the sum specif~d w rht ltonil ~ctutd +&rthy =s interest and pnntipal on said loan, en cr hefora
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments touted against mid premises and on this Mortgage
<br />and the Bond secured [hereby, before delinquency: furnish approved insurance upon the 6uddings thereon in the sum of s¢D, DDD . DD payable
<br />to mid ASSOCIATION; repay to mid ASSOCIATION upon demand all money by i[ parJ fbr such [axes, assessmtnts and insurance with interest a[
<br />the maximum legal rate thereon from dare of payment all of which Mortgagor hereby agues to pay; permit nu wash on said premises; keep and comply
<br />with alt the agreements and conditions of the Band tar $ 4D, DDO. DD this day given by [fie said Mortgagor to said ASS(JCIATIaN, and wmply
<br />with all the requiretnen[s of the Constitution and ey-Laws of said ASSOCIATION; then these pre>tnts shall betome null and void, otherwise they
<br />shall remain in full Corct and nay be fine,;losed at [hc option oC the said ASSOCIATION aCtet failure fur three months to make any of said
<br />paytmnts or be three months in arrears in making said mmrthly payments, or to keep and comply with the agreements end codnditions of said Bond;
<br />and Mortgagor agrees to have a reuiver appointed forthwith in such foreclosure proceedings.
<br />[f there is any change in ownership oC the real estate nwrtgaged herein, by sale or orhttwise, then the entire remaining indebtedness hereby
<br />secured slra6, at the option of The Equitable Building and Loan Aswciation of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due undm said bond, and any other bond Cur any additional advances made thereunder, sira6, from [he
<br />date of exercise of said option, bear interest at the maximum legal cote, and this mortgage ntay then be foreclosed to mtisfy the amount due on said
<br />bond, and any ether bond fur additional advances, together with sll sums paid by said The Equitable Building and Loan Aswciation of Grand Island,
<br />Nebraska for insuranw, taxes and assessments, and abstracting txtensam charges, with interest thereon, 1'rum date o! payment at the maxrmum
<br />Legal ralt.
<br />As provided in the Bond stcureil hereby, while this mortgage remains in effect the mortgagee may hereafter advanw additional sums to the
<br />makers of mid Band, their assigns or succeswrs in interest, which runts shall be within the security of this mur[gage the same as the funds origina0y
<br />sectued thereby, tha total amount of principal debt nut to exceed at any time the original amount of this mortgage.
<br />Gated ttds ~ 26th. day of September ,;. 1}., iv 80
<br />„}
<br />r s y Ivor
<br />l
<br />sPaTEapNEBRASgA,~ 26th. Se iember 80
<br />ss.~ (hr this day of p 19 ,before me,
<br />COiJNTY Op NAIL
<br />the undersigned, a Notary Public in and (or said County, ptrsanally camp
<br />K. Michael Oliver and Christy R. Oliver,
<br />each in his and her own right and as spouse of each other, why are persattauy knawnw
<br />tilt [o be ttte identical ptrwn S whose rums S d re affixed to the above utstrunte::t as Inortgagw 5 and ~ hey severally
<br />ackrrowledged the said instrument to bt the ~ r vo3untary act and deed.
<br />WTTN(iSS my hand and Notarial Scat the dart a!'artsaid.
<br />My ~' ^ txnires _
<br />~ SR. kJiWNt s e,t Reareeta~ } ~v/ ;~ ~~ ~~~`
<br />Rdta {~ublrc
<br />roraznt at ~ k ~ _ h1- ftt.A!!. EY j ~ ~ _ ~ - ~ ~
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