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L R6` 'j1.02916 MMTGAGE MORTGAGE LOAN Nn. —L ?A, cQA KNOW ALL MEN BY THESE PRE.SFN IS: That Frederick A. Fur ley and Carol L. Furley, each in his and her GWn right and as spcuSe cf each other, Mortgag m, whether one or more. in consideration of the scan of Ibim One Thousaid._._._Ii4it`"^ °_'. -- - - - - �— _'___DOLLARS loaned to said ~pSor by The Equilabk Building and LAxm Asaociation of Grand Island, Nebraska, Mortgage, upon 310 shuts of stock of sad ASSOCIATION, Certificate No. L 24,503 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following described real estatt, situated in Hall County, Nebraska: Lot Ten (10) , Block Three (3) , schitmler's Addition to the City of Grand Island, Hall County, Nebraska. together with all the tenements, heredilamenis and appurtenances tferewto belonging, including attached floor coverings, all window screens, window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves, refrgerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or assessed upon said premises and upon this mortgage and the bond ucuted thereby before the same shall become delinquent; to furnish approved insurance upon the buildings on said premises situated in the sum of S 31, 000.00 payable to said ASSOCIATION and to deliver to said ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises, In case of default in the performance of any ref [lie rms and conditions of this mortgage or the bond secured hereby, the mortgagee shall, on demand, be entitled to immediate possession of the morlgahcd premises and the mortgagor hereby assigns, transfers and sets over to the mortgagee all the rents, revenues and income to be derived from the tortgaged premises during such time as the mortgage indebtedness shall remain unpaid: and the mortgagee lull have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting 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 commissions and expenses incurred in renting and managing the lance and 4 collecting rentals therefrom; the balance remaining, if any, to be applied toward the discharge of said mortgage tndebtediwsv, chew right` of the mortgagee may be exercised at any time during the existence of such default, irrespective of any temporary waiver of the sane. These Presents, however, are upon the Condition, T'•at if the said Mortgagor shall repay said Juan on or before the maturity of said shares by payment; pay monthly to said ASSOCIATION of the sirn specified in the Bond secured hereby as interest and principal on said loan, on or before the Twentieth day of each and every tnunth, until lard bun is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage and the Bond secured thereby, before delinquency: furnish approved irwitance upon the buildings thereon in the sum of S 31, 000.00 payable to said ASSOCIATION; repay to said ASSOCIATION upon denund all money by it paid for such taxes, assessments and insurance with interest at the maximum legal rate thereon front date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises ;keep and comply with all the apeements and conditions of the Bond for S 31, 000 00 this day given by the said Mortgagor to said ASSOCIATION, and comply with all the requirements of the Constitution and By -taws of said ASSOCIATION: then these presents shalt become null and void, otherwise they "Ill remain in full Tice and may be foreclosed at the option of the said ASSWIATION after failure for three months to make any of said paymcnta or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond; and Mortgagee agrees to have a receiver appointed forthwith in such lorrclosure prrxxedings. If there is any champs in owncisihip of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby seeured , at the option of The Equitable Building avid tAhan Association of Grand Island, Nebraska, become immediately dose and payable without further tine, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the date of exercise of said opton, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said boad,ard any other bored for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island, v Nebtasks for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum )0511 rate. As provided in the blond secured hereby• while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the rakers of said Bond, theu assigns or sucarssoss in interest, which sums shall be within lire security of this mortgage the same as the funds originally sealed thereby, the total amount of principal debt rxrt to exceed at any time the original amount of this mortgage. /} this dayr�f may A. o -, is .f STATL: Of NFBRASKA' ss. On this 25th day of May 19 gd . before me, COL N'TY of: HALL the undersigned, it Notary Public in and for said County, personally cane Frederick A. Furley and Carol L. Furley, each in his arri tier awn ` ht and ach other, arx.' rift t sae solve the ideormA pcA vin s wyn..sc narue S axle atli_aed to the ah.+,ve in..iruarveni as)nortttagc:r S and they severalty aid wwkdkstd the %aidd ucstruoscnr to be their WJtariia.Y Act Aml deed MTTND':.ti5 my trard atuo Notaa'rel Brat the dale atitirsaid Ny <'o+tvnrasnhrc rspores Ate "yt ti Raft at i