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<br />MORTGAGE
<br />MORTGAGE LOAN NO. T. 24.464
<br />KNOW ALL MEN BY 7711FSE PRESENTS: That ,john H. Raynor Sr. and Therms A. Rayno, each in his and
<br />her cwn right and as spcuse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Low Association of grand Island, Nebraska, Mortgagee, upon 330 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,484 , do hereby grant, convey ,nd mortgage unto the said ASSOCIATION the following
<br />described teal estate, situated in Halt County, Nebraska:
<br />Lot Seven (7), in Block Seventeen (17) in
<br />College Addition to West Lawn, in Grand Island,
<br />Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessuries thereto, pumps,stoves,
<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 ail taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 33, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; &.d not to commit or permit any waste on or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby, assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, [o be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagoc cosy be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same,
<br />These 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 loan, on or 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 and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of 1
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all mono b it 33, 000.00 payable
<br />the maximum legal rate thereon from date of payment all of which Mortgagor money paid to a� taxes, assessments and insurance with interact at
<br />f;� Y R P y: permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 33 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws ofrsaid ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shah remain in full force and may he foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />Payments or be three months in arrears in staking said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable. Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of saint option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond,r nd any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />kgal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect tine mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this rortgage the carne as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />-AWted th 25th day of April A. n., 19 86
<br />r- ,
<br />Therma A. Rayno = - --
<br />STATE OF NEBRASKA,
<br />xs. On this 25th of OF HALL Apr 11 19 86 , before me,
<br />the undersigned, a Nonary Public in and for said County, personally carte
<br />John H. Rayno, Sr. and Thentia A. Rayno, eacil i.n his aw her. own rialht arai as sp[wss� of e' h
<br />other, are personalty knowii �o
<br />nme to be the identical ptrscm 5 whore mane$ t a rE° affixed to the atxeve inzuuuncna as murtgxg. r g ant}1t }r sevemally
<br />aeAttuwkdged the said rttstrcurxmr in be their voluntary act and decd.
<br />WITNESS crass band and Notarial tical tin. data :clrucsacd
<br />My O.rY..rl-i, %oni a ,puts
<br />tr a.z »nr �,� alts N01l� ratan Pnhla.
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