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<br /> MORTcnr:�.
<br /> -- — aaotzrr,nc���_caAn no.�- 22,644
<br /> � �.ow n.tHteN sY�1EsePResEnrrs:Tn�� Larry L. Hobbs and Christy L. Ho66s, each in his ana her
<br /> own right and as spouse of each other,
<br /> " -____ Mortgagoc,whether one ar moro_in cansideration of the sumof
<br /> 7wenty-four Thousand d17(� NO/�OO--------------- �_^ DOLLARS
<br /> louned to said rnortgagor by The Eqwtable Building and i:,usn Assoctatirm of Crnnd Island,NebrasJca,htortgagee,upon 2¢O sl:aces of stock of
<br /> � � �said�ASSO('IpT10N, Ceztificatc N�. L 22�649 ,do hereby grant,convey and mortgagr. unto ttze said AS}OCIAT[OPI Zlta fpIlowing
<br /> � described ceal,estate,sitwted in klail County,1Vebraska: � � �
<br /> LDT TNR�E (3) IIICKEY FFF7H St18DfVISIQN
<br /> IN THE �ITY OF GRAND ISLAND> HALL COUNTY,
<br /> NEBRASKA.
<br /> � ��.iogether:with� alL��the tenements,�.hrre�.iitamenxs and uppuraer.as:ces tl�ereunto beio�xgiag,including attached i7oor coverings,a11 window�screens,
<br /> �. rvindow shades;biinds,sturm windows,awn��•^ :textin �air canditionin P � B" q p pLmps,stoves,
<br /> '; ,. g, grand lumbin end water c ui ment and accessories thereto,
<br /> - � � .�refrigerators�,anJ other fixtures and equif��raient.now or hereaf�ter attrched to or used in connection with said real estate. �
<br /> . 4,.�..� . . . � .
<br /> ' � �And wtsereas�the said�mortgagor has agreed aad.does t�ereby a6ree.that.tlie�n�ztgagvr sh.aA�and will�pay a13 taxes and assessments levied�or
<br /> i��- � � assessed�upnn`said premises.and upon this mortgage and tha bond SCCUlCd [hereby bel'ure the same shall became delinqucnC to furnis,h approved �
<br /> � ���insurance upon the bui2dings on said prernisessituuied in.the sum of 5 .2Q�QOQ.QQ payabie�to said pS50CIAT(ON and to de?�.iver to said�
<br /> '� ASSOCIATIO?V the policies for said insurance;and not tu cornmit or permit any�vaste on ur about uid premises. � � .
<br /> � � � � � 1n case of default in[ise perCormance.of any oF the tnrms und conditions of this mortgagc or the bond sscured heraby,tlie mortgagea�:shall,��
<br /> � on�dem�nd,be eiitided to immediate possession oi che mortgaged premises anJ tha�morrt;agoc hereby�assigns, Iransfers and. sets�over tfl,the-.
<br /> s mortgagee�ull��he�rents,revenues.and income ro be derived fzom the mortgaged premises�during such time.Us th��martgnga�indeb[edness sl�all cemxin.�.
<br /> � unpaid;��nd�th�e mortgagee shall�have the power to appoint aray age�nt or agents it may desire f'or the purpose of repairing�rid premises and renting...
<br /> � . tlie..same and colt�eting the rents�,revenues and incurne;und i=ittay pay out of said in�ome all expenses uf�repairing sxid.premises�and nzcessary
<br /> � � commissiunr and expenses incurred in�rrnting and nvtnx�ing Ihe same and of collecting rentals tl�.eref}om;�the balance remaining,��if any�,to be�
<br /> � applied.tuward.tl�e�discharge�oF said morigage indeb[edness:'2liese cights of the murtgagee may.be�exercised at any time.duziny ilie existence.of suelY
<br /> defaulx,:irrespe�ctive oFa.ny�emporary waiver of thc same.. . � . � �
<br /> �� Thrse Presents,lioH�ever,are upon zhe Condition,7'hat if Lhe said Ma tgagur shu�)repuy said.loan on:ux b�(ure the maturity�f said shares�by
<br /> . . pxymeni;pay�rr�vnthiy�co said ASSOCIATION of 2he sum specified in the Bond secured hareby as interest�and prancipal on xiid loan,csn or beCore.
<br /> � � the Twenlietti day:oP each:and every month,unlil said loan.is t�ully paid;pay all taxes and assessments levied againsi said premises and�.on tttis Mortgage:�
<br /> � � arid the�13und stcured thereby,befbre delinyuency:furnish approved insarxnce upun t}x�buildings thereun in the sutn of$ ZG. .OUO.Q(� .. Paya6le �
<br /> to said.�ASSO43AT10N;iepay�[o said ASSOCIATtON upon demand all money by it p�id for such taxes,assessments and msUrance wiils interest.at.� �
<br /> � : ihe maximum ixgal rate therevn liam date of'payment all uf whidi Murtgagor hereby^a�rres tv pay;permit no waszeon said premises;keep and comply.
<br /> .��with all Um a�reemcnts and condiiions of ihe Aond for$ 2L���QQQ QQhis day�given by the sa.id Morlgagnr to said.ASSOCIATION,a.nd comply
<br /> _ _ � �with��all the requirements of ihe Constitutfrnn and By-Laws of.said ASSOCIATIUN;then ihese presen[s sha1)becc�tne null xnd�.void�,tiYherwise they
<br /> ��shall�reinain�.in lull�forca and tnay be�fnreclosrd at�the optgon ol'che said ASSOCIA.TION atier fqilure for t.firae months to make�3ny oF said
<br /> . �payments or be ihree.months in arrears in making said montf��y payinents,or to keep and camply wiih the agrerments and conditions of said[iond;
<br /> and.Mortgagor agrees to have a reeeiver appuinled for[hwith ir such foreclosure�proceed.ings. . � . � �
<br /> � Lf therr is any change,in ownership vf the real cs[ate marigaged herein,by sale or o[henvise,[hen the eneire remaining indebtedrsess hereby �
<br /> .�� secured:shali,ax the up�ion uf The Equitsble Building and Loan Association of Crand Island,Nebraska,become'vi3medixteiy due and p�yxble without �
<br /> � further nulice, and the�amount remxuiing due ur,der said lrand,and any other bond for any additional advances made thereunder,sha�l,Crom tht -
<br /> � �� date oi'exercis�uf said opti�n,bear interest at the maximum 3egal rate,and this morty,age rnay then be forecbse<i to satisfy the amouni due on said��
<br /> . b�ad,and any otfter bond 4�or additional advances,iogether wi2h all sums peid by said The Equitshla Sui;ding t+ad Loan Associatiun of Gran�(sland,�
<br /> � � Nebraska for irzsuranc�,tar.es and assessm�n[s,and absVac[ingextension charges,with� inxerest thereon, from cfate uf payment at the maximum � �.
<br /> �legal rate,� � . . � .
<br /> � � As�providPd in ihe Bond secuted hereby,while this.mostgage rcmains in effect L}te mortgagee may hereafier advance�additiunal seims�to the � � � � �
<br /> � makers of said Bond,their assigns or succe�sars in inierest,wh�ch sums shall be.within t3ie secutity of this.mortgage She same as the funds originally �
<br /> . . �secuied thereby,Ihe t�tal��amouat.of princip:il debt not�(o exeeed xt uny time[he origirsal amount of khis mortgage. � �� . . � �
<br /> ,�nx '�i�;s 1�3t. ��v �r May n v.,i��
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<br /> ��y :�R�s - �hr�sty C=.' Ho ,�s
<br /> STATB O('NEBW�SKi1,� ss. On this
<br /> C011NTY OF HA2,L 1 3th day o[ Mc3y t�7 ,oetbre me, �
<br /> . . � °::'� R F�� �.
<br /> che undersig�ed,a NQtary Public in and for saie�County,pezso�al3y came� � � �.s
<br /> Larry L.. tlabbs and Christ3� L. Hobbs, each in his and her own right and as spouse of each � .�
<br /> ; � Q��'1@i" who are P��nally knawn to
<br /> ms tobe the.idc-siticai rson 5 ,�n3�te �` H �v;
<br /> � Y .(:��� afFxed tu thr above irzstrument as mvrtgagur S and they ��r� �"�'7�� .
<br /> . .acknawle Y �
<br /> dgati.t.�b.a said insrrument z F�+" .�'}7�'�T'.;'"•.0d�i+hi3qr�'av[and 3eed.
<br /> � . .. � � R7'1^�!fSS nzY ha��1d"f�tsitana3 Ser1�tH6da1�`�yu:esaici. � . .
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