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86--a 101050
<br />MOR7C:AG£ _
<br />MORTGAGE LOAN NO. r, 24,468
<br />KNOW ALL MEN BY THESE MESEN1S: Thu Pete L. Longfel low, a single person,
<br />Mor4pa", whether one or mote, br couddersom of the sun of
<br />DOLLARS
<br />lashed amid so 4plgi n by 7be Equitable Building and Learn Association of Gaand Island. Nebraska, MortpSee, arpon 170 sirosa Of saoi of
<br />UW ASSOCIATION, Certificate No. L 24,468 do hereby punt, convey and mortgage unto the said ASSOCIATION the folowing
<br />derssribad seal edate, sussed in Hall County, Nebraska:
<br />Lot Seven (7) , in Black Erne (1) , in Boggs an? Alas Addition
<br />to the City of Grand island, Hall County, Nebraskar
<br />toFdser with all the tenements, hereditaments and appurtenances thereunto belonging including attached floor coverings, all window scram,
<br />window shades, blinds, storm windows. awni gs, heating, air conditioning and plumbing and water equipment and accessories thereto,pumnps,sxavek
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />awed upon said premises and upon this mortgage and the bond secured thereby before the same said become delinquent; ON and if delivers said
<br />insurance upon the buildings on said premises situated in the sum of S 17, 000.00 pays
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In cane of default in the performance of any of thn terms and conditions of this mortgage or the bond secured hereby, the mostpVc shall,
<br />on demand, be entitled to immediate possession of the mortgaged ptemhaes and the mortgagor hereby assigns, tramfen :std sets over to the
<br />nsortpVe an the rents. revenues and income to be derived from the mortgaged premises during such time as the mortgage mdebtedneae shah reMaiu
<br />unpaid; and the rnmg gee shalt have the power to appoint any agent or agents it may desire for the purpose of repsvag said premises and seating
<br />the sane sod collecting the rents, revenues and income, sad it may pay out of said income ad expenses of repairing said premises and necessary
<br />oeMasioas and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance mmakft, if any, to be
<br />applied toward the discharge of said mortgage mdebtednes; these rights of the mortgage any be exercised at any time doming the existence of such
<br />defadt, irrespective of any temporary waiver of the same.
<br />Theca presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said
<br />and loan, this M before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises Mortgage
<br />sod the Bond secured thereby, before delinquency; furnish approved insurance upon the building thereon in the sum of S17 , 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, aria n is and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor thereby gees to pay; permit no waste on said premises; keep and comply
<br />with an the agreements and conditions of the Bond for S 17 000.00 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 />shag reMrin in fill fora and may be foreclosed at the option of the said ASSOCIATION after failure for three months to mdse any of said
<br />gay
<br />awaits or be throe months in arrears in raking said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and MorIppir agrees to have a receiver appointed forthwith in such foreclosure proceeding.
<br />If tbere is eery Cbw4e in Ownership of the teal estate m0rtgspd herein, by sale Or otherwise, then the entire remaining indebtedness hereby
<br />seared slag. at the option of The Egnastsbk SuAdrng and Low Association of Grand Island,Nebraska,become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and a" other bond for any additional advances male thereunder, tball, from the
<br />dale of exercise of-mid option. bar iutreat at the maximum kph rate. and this mortgage may then be foreclosed to satisfy the amount due on acid
<br />bond,and any other bond for additional advances, together with all sums paid by said The Equitsbk Building and Loan Association of Grand Island.
<br />Nebraska for insurance. taxes and aseaments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal sale.
<br />As provided in the Bond leaned hereby, white this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />Makers of raid Bond, their anig" a nKasors in interest. which s =shall be within the security of this mortgage the sure as the funds originally
<br />the trial principal debt not to exceed at any time the original amount of this mortgage.
<br />day of vas 1r A. D., 19 86
<br />d
<br />STATE, OF NEBRASKA, ss,
<br />COUNTY OF BALL
<br />LPete L. Longfellow
<br />no to be the ideMad,'P4
<br />�/'7
<br />On th is t j day of T .&' ✓vim. 19 8 6, before me.
<br />the undetsigted. a Notary Public in and for said COUnty, persMaBy came
<br />ogle person, who is personally known to
<br />p ,s,pe it3 affixed a. the above inomarment see rhxrrtgagesr std 1-f Amsft
<br />his voluntary art and decd.
<br />sad Notuad Seat the date simesad.
<br />rum
<br />Notary Ic
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<br />ax rues 1
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