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86-- 1030 70
<br />MORTGAGE See L 18,711
<br />MORTGAGE LOAN NO. L 24,511
<br />MMALLMEMBYTTIESEPRESEN73:That Rodger L. Williams and Geralyn J. Williams, each in his
<br />and I her own right and as spouse of each other, Mortgagor, whether ate of more, in corm le ation of the sun of
<br />`B> ] me XbQu pW Fivweundred and no/100 ----- J-ARS
<br />bashed to said mm4p*w by The Equitable Building and Lam Association of Grand Island, Nebraska, Mortgagee, upon 335 shun or Mock of
<br />a d`ASSOCIATION, Certificate No. L 24,511 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foBowing
<br />detcr*W real estate, situated in lfag Gwnty, Nebraska:
<br />Lot Eight (8), Block Three (3), in
<br />Country Club Subdivision, Hall County,
<br />Nebraska.
<br />together with all the tenements, hereditamrnts and appurtenances thereutnto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, dorm windows, awnings, heating, air Wnditionittg and plumbing and water equipment and w=xurries thereto,pumtrps,stoves.
<br />tdriBetat ors, and other fixtures and equipment now or hereafter attached to or used in connexion 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 kvied of
<br />i sexed upon said premises and upon this mortgage and the bond secured thereby before the same dud! become delinquent; to furnish approved
<br />insrrance upon the buildings on said premises situated in the sum of S 33 x500.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In caw of defauh m the performance of any of the terms and conditions of this mortgage or the band secured hereby, the mortgagee stall,
<br />on demand, be entitled to immediate posmssion 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 nnurtgage indebtedness shall retain
<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 neoesary
<br />commissions and expenses incurred in renting and managing the ante and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness, thew rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irtespeetive of any temporary waiver of the same.
<br />Thecae Presents, however, are upon the Condition, T hat 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 sectued hereby as interest and principad on said toan, on or before
<br />the Twentieth day of each and every month. until said loan is fully pad; pay all tun 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 stun of S 33, 500.00 payable
<br />to said ASSOCIATION. repay to said ASSOCIATION upon demand ail] rrtortey 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 Mortgagor hereby agrees to pay; permit no waste on said premises;keep and comply
<br />with all the agreements and conditions of the Bond for S 33 500.00 this day given by the said Mortgagor to aid ASSOCIATION, and comply
<br />with air the tesquirements of the Constitution and By -Laws Wild ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full forts and may be 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 making said matthly 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 forecknure proceedings.
<br />If there is any change in ownership of the real twate mortgaged herein, by ale or otherwise, then the entire remaining indebtedness hereby
<br />aerated shall, at the option of The Equitable Building and Loan Associatiom of Grand Ishnd,Nebraska,become immediately due and payable without
<br />fustier notice, and the amount reraetift der untier said bond, and any other bond for any additional advances made thereunder, shag, from the
<br />dele of exercise of raid option, bear interest at the maximum legal rate, and this mortgage tiny then be foreclosed to satisfy the amount dt.: it said
<br />bond, mad say other bond for addtional advances, together with all sauna paid by said The Iquitable Building and Lean Association of Grand Idwti,
<br />Nebraska for insurance, taxes and as"Mients, and absttacting extension charges, with interest thereon, from date of payment at the maximum
<br />legal fait.
<br />As proviWed in the Bond secured hereby, while this mortgage remains in et %d the mortgagee may hereafter advance additional mum to the
<br />n alters of mid Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same u the funds origirulhy
<br />sewmd thealsy, the total amount of principal debt not to exceed at any time the orrgaml amount of this nwrtgage.
<br />iDeNtd this 4th � day of June A.D., lv 86
<br />SLATS OF NVM -4SKA. s. On tha 4th day of June 14 86 , before me,
<br />CMNIY OF BALL.
<br />the undersigned, a Notary Public in and for said County, personally carne
<br />Aodgex L. Williams and Ger'al.yn J. Nilliars, each in his acid her ,ww„ight ani as of
<br />evch other, lare pers>
<br />known to
<br />suit to he the Arai ical person s whose name s are affixed to the ahawc iiw,umeni as nwriyagor S and dley ,evetally
<br />MAnowlsvigrsl the acid p!>XrufMrEt to be U'lr3 i 1: vtduatary acs ar d'leeel
<br />WIT*0&% try hand and Nigarial Ceall tht date afrcesatel.
<br />My t° onturvwic expita
<br />N "ia'v Public
<br />to MM set
<br />-i
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