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<br />89-.103118
<br />MOIRTGAGE
<br />j NOWWACC LOAN No. HI 909 FHA
<br />t
<br />KNOW ALL MEN BY TULSF PRESENTS: That Steven M. Mason and Cynthia J. Mason, each in his and
<br />her own right, and as spouse of each other.
<br />Mort>sad . whether one at more, in consideration of the rata of
<br />Sixty Five Hundred and no /100 ------------------------------------------------------
<br />DOI,tARS
<br />kmW to aid morgsgor by The Equitable RuMiK and Loan Am ociation of Gntnd I*nd. Nebrstlta. Mortgope. upon 65 shares of stodt of
<br />acid AsswATION. Certificate No. UI 909 FHA . do hereby, grant, eon*y and mortgage unto the said ASSOCIATION the following
<br />described ral estate, sUoited in Hall County. Nebraska:
<br />Lot Ten (10), in Block Six (6), in Hann's Third Addition to the City of Grand Island,
<br />Hall County, Nebraska
<br />7
<br />together woh all, the tenements, homilitaments and appurtunadas thereunto belonging. indudft attached floor coverings. all window atxeerta,
<br />i window sbaedes. bh",.storm window's, awnings. heating, air oondAianina,and plumbing and water equripmentaid accessories thereto,pungn stops, t
<br />refrigerators; and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />r And whereas the said mortgWw has agreed and does hereby agree that the mortgagor shall and will pay all taxes and awnwents levied or
<br />upon aid prettrdaes am upoa-tins mortaw NW the hXW securer the, by before the munuu dhsit veowne demaluenr, to, io<aiaa __ -- -- -
<br />' insurance upon the buildings on said premises situated in the sum of S 6, 500.00 payable to said ASSOCIATION and to deliver to sold
<br />A iATiON tine policies for -W L umcc: and not to commit at permit any waste on or about said rtete;�:
<br />in case of default in the performance of arty of the terms and conditions of this mortgaige or the bond secured hereby, the msrtgtgea ,ball,
<br />out dennand, be entitled to immediate poseenion of the mortgaged premises and the mortgagor hereby assips, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortpW4 premises during such time as the mortgage indebtedness siholl remain
<br />unpaid; and the mortgagee shall have the power to appoint any spent or agents it may desire for the purpose of repairing said preterites and renting
<br />the acme and collecting the rents, revenues and income, and it tray pay out of said income all expenses of repairing said premises and necessary
<br />eoromisdoshs and a ppeenes incurred in renting and managis- the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward thexdiscImp of said mortgage indebtedness; these r*hts of the mortgages may be exercised at any time during the existence of such
<br />de auh, irrespective of any temporary waiver of the sane. .
<br />These PreseneXs 4owever, are upon the Condition. That if the said Mortgagor shall repay said Wan on cc before the maturity of said shares by
<br />payment; gay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said Wen, on or before
<br />the Twreatieth day of each and every month, until said loan is full* . paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; fumish apprmved insurance upon the buildings thereon in the sum of S 6, 500.00 payable
<br />to said ASSOCIATIt1fi1: repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagus•hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the ageements and conditions of the Bond for s 6,500-00 this .day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to take any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor **Rees to have a receiver appointed forthwith in such foreclosure pFoceedings.
<br />It tbete is apy change in ownership of the real estate mortgaged herein,, by. sale or otherwise, then the entire temtinUW indebtednes hereby
<br />secwed shall, at the"option of The Equitable Building and Loan Association of Grand Island, Nebraska,become immediately dare and payable -without
<br />furtheir autioe, and the satount remainhing dare under said basted; and say other bond for soy additional advsrlocs rnsde thereunder, shs1l,'troat the
<br />der f rise of asid bear ' to eat t the maxi u d thi then be f closed t tisfy the t d said
<br />to b. carer o m r a mum �?a , an s gee may ore, o ss amotta oe os
<br />bood,aid awry ath Car additirrnil advathces, tope Wer witb.alxsrrms paid 8y sapid The Egpiitabk Broidirrg and roan Assaciatiurt o[ Gland Island, .
<br />Nebraska for insuratyoe. taxes and assessments, and a lisp etctcasion charges, with interest .thereon, fropr date of payment at the maximwn ,
<br />kapl cite. .. ,
<br />As provded +uA the Bond secured hereby, while thk mortgage remains iii effect the morttagee may hereafter advance additional suns to the
<br />makers of said Bond; their assigns or succesars in interest. which sums shall be within the a<ecarity of this mortgage the satrhe a the funds originally
<br />neared thereby, the; total amount of principal debt not to exceed at anytime the original arognt of this mortgage.
<br />Dated thus. ' ` •'' :.14th day of June , : A. D.,19 89 Marsorf
<br />StpVven .ti� „� �s� �fl
<br />Cynth a J. *son �—
<br />STATE OF +f1:BIRAf KA, ss. On this
<br />COi/ cif .f#Ai.t 14th day of June :... 1989 ,before rne,
<br />L the undersigned.'a Notary Public in and for Lid County, personally came :
<br />Steven 4 :i .' *son and Cynthia J . Mason, each in his and her own right*Ao are personally known to
<br />and as spouse of each other,
<br />me to be the identical person s whore name s are affixed to the above instrument as mortgagor S and they se ewy
<br />aeknowledgcd the slid in;trumcrit to be their voluntary act and dud.
<br />WITNFS.S my hand and Notariul Seal the data aforesaid.
<br />My Commission expires
<br />rarasxt ter r Notary Public
<br />6MOW41110diamb
<br />NO ".L ALOIII
<br />VIOMDANN►.t"M
<br />i.,
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