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<br />MORTGAGE
<br />MORTGAGE IRAN NO. L 23, 973
<br />KNUW ALL MEN BY TFIESE PRESENTS: That Frank R. Rivera, Sr. and Mary R. Rivera, each in his and
<br />her own right and as spouse of each other, Mortgagor, whether one or store, in conpderatian of the stmt of
<br />'Itaelve Thotrsand and no/100 __~_ _w~~_-______________- LLARS
<br />toa¢ed to said mortg;gor by The Equitable BuiMing artd Lunn Association of Grand islarzd, Nebraska, Mortp~gee, upon 120 chars of stosJC of
<br />ASSOCIATION, Ccrtifxate No. L 23,973 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />dexrt1zrd real estate, sitwted in NaB County, Nebraska:
<br />I,ot Seven (7) , in Block Thirty-twt~ (32) , Russel
<br />Wheeler's Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />together with aB the tenernrnts, hereditamrnts and appuztenantts theretmto beiong#ng, incltztlirtg attached floor coverings, ail window scram,
<br />window shades, blinds, storm wvulows, awnings. heating, air conditwnu[g,and ptttmbingand water equipment and accessieries thereto, ptirrrps,staves,
<br />tefrtgerators, and other factures and egttipment now or hereafter attached to or used m connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby ogre that the mortgagor shaIl and will pay aC taxes and assessments levied or
<br />assessed trpon said premises and upon this rztorigage and the bond seciued thereby before the carne shall become delinquent; to famish approved
<br />insrcranw upon the btrildirzgs on said premises sitwted•in the sum of S 12, 000 , UO payable to said A.SSQCIATtON and to deliver to said
<br />ASSOCIATION the poli.^ies for said insaana;and not to ~rornmit or permit anY waste un or about said premises;
<br />In s~ of delauit is the ~rforrr~rtee of any of the temp xnd corditiotts of thhis mortgage ur the bond secured hereby, the mortgagee s.,tti,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagce sit the rents, revenues and income to be derived from the mortgaged premises dtuing such time as the mortgage indebtedrras shall reznairz
<br />unpaid; and the mortgagee shall bare the power to appoint any agent or agenu it may desire Cor the papox of repairing said premises sad rrnt#ng
<br />Ehe sttre and coliecti~ the rents, revenues and inwme, artd it may pay out of said income all experues of repau#ng said premises and nezx:mry
<br />craatnissions and expenses incurred in renting and zttanaging the same sad of wllecting rentals therefrom; the balantx remaining, if any, to be
<br />applied toward the discharge of said mortgage irzdebtedrzess; these rights of the mortgagee may be exercised a[ any titrte dtuing the existence of atich
<br />defatdt, irrespective of any temprrrary waiver of the carne.
<br />These Presents, however, are upuu the Condition, That rf the sazd Mortgagor shall repay said loan un or before [he maturity of said shares by
<br />payment; pay monihiy to said ASSOCIATION of the sum specirted is the Bond ses•ured hereby as interest and principal an saitt loan, un or before
<br />the Twentieth day of each and every munch, until said loin is fatty paid; pay all taxes and assessr[zents Levied against said premises and on this Mortgage
<br />and the Bond cased thereby, before delinquens;y; furnish approved instuance upon the buildings thereon m [he sum of S 12, 000.00 payable
<br />to said ASS(CIATION; repay to said ASSOCIATION upon demand ail macey by it peid for such taxes, assessitrents and insurance with intereA at
<br />the n[uimum legal rate thereon from date of payment all ut which Mortgagor hereby agrces to pay; permit ao waste on said premises; keep and wmpty
<br />with ail the agreemen#s and conditions of the Bond Cor S 12, 000.00 this day given by the ;aid Mortgagor io said ASSOCIATION, and mmply
<br />with all the regtzirerrtents utthe Constitution and By-laws of said RSSO(:SATlON; rhea these presents shall become atilt and voM, otherwise they
<br />shall remain in full force and nay be torecbsed at the option of the sari ASSO(:IATiON after failure for throe tizonths [o tnake any of said
<br />~yments oc be three nzan[hx in areeus ifl rnalcirig said ntunthly payt[tenu, or w keep and cromply with the agrcemenu and rnndi[ions of said Bond;
<br />and Mortgagga ogres to have a receiver appointed forthwith m such foreclosure proceedings.
<br />If there is any change in owtxrship of tlzc rest estate morgaged herein, by sale or otherwise, then the entire rzR...ia~ indebtedness hereby
<br />sec#zred shall, at the option of The Equitable 8uitding and Luau Assuciatioa of Grand Island,Nebraska,become immediately due amt gyahk without
<br />further ttaiice, and the arnutwt remaining due under said bond, sad any other band for any additional advances made thereunder, shall, from the
<br />date of exerdse of said option, beat interest at the rrzaxirr[tzm legal rate, and this rnartgage tztay tben be foreclosed to satisfy the amount due on said
<br />bald, and any other hood for additional advances, together with alt saws paid by said The Equitable Building and Luna Aswciation o€ Grand Is~r[d,
<br />Nebraska Cor insurance, taxes and assessmenu, and abstracting extension charges, with intecesT thereon, from date of payrrtent ai the maximum
<br />legal rate.
<br />As provided in the Bond seczucd hereby, while this mortgage ren[ains in effect tize rnorigagce may hereafter advance additional corns to the
<br />makers of said Band, their assigzac or srrccessou in interest, which swm shalt be within the security o[ this mortgage tbe carne as the funds originally
<br />saeuaed [hereby, the total anzuunt of principal debt not ro exceed at any Bart the original amount of this mortgage.
<br />I)atat this 20th say of July A. o., Iv 81
<br />~ l I
<br />3~ _. __-_.._
<br />ii st.'-{itf
<br />STATE OF NEBRASKA, ss Oa this 20th day of July 19 81 ,before me,
<br />CtxiKi'Y GP t1Ata.
<br />the trztdersigned, a Notary Pablic irz and far d County, petsonatt came
<br />Frank R. Rivera, Sr. and Mary R. Rivera, each in his and her cxart right and as spouse of
<br />t3aeh Other, wlto are perwnally known to
<br />rzti to be iht identical pcrsotrS whose namtS are affixed to the atzove iustrtzment as mortgagor ~ earl }hey ~verally
<br />ackztawkdged the said instrwmnt to he the'l.r vatuamty a~_t and deed. -
<br />WITNt•SS my Izarzd and Nolartal Seal the date at~~tesaid.
<br />My Coinmassian expires
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<br />~Iitilti KtitRivY tcie aittthrt#4
<br />isns--zar az aG'i tt. BEAZ.EY - -
<br />t~~, My ww~n. Exo. SAS. k. t>~,t
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