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MORTGAGE _ -- X6-1 3412
<br />!MORTGAGE LOAN NO. L24#533
<br />KNOW ALL MEN BYIIIESE PRESENTS: 'lhst Ray T. Stryker and Lila Jean Stryker, each in his and
<br />her own right and as spouse of each other, Mortpgor, whether one ormore in con; eniionoftttiam,of
<br />Twenty -Five Thousand Two Hundred and not 100 -------------------------------------- -1)OLLARS
<br />loamd to sad mortgagor by The Equitable- Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 252 shares of stock of
<br />raid ASSOCIATION, Certificate No. L 24,533 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foBmtwing
<br />described real estate, situated in Hall County, Nebraska:
<br />All of Lot Sixteen (16), and the Southerly Fifteen Feet (S151) of
<br />Lot Fourteen (14), Block Eleven (11), College Addition to West
<br />Lawn in the City of Grand Island, Hall County, Nebraska,
<br />together with all the tenements, hemditaments and appurtenances thereunto belonging, including attadud floor coverings, ad window, screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and waterequipmtent and accessories thereto,ptttrrpa,stores,
<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 />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 5 25 , 200.00 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 case of default in the performance of a;y of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shag,
<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 daring such time as the mortgage indebtedness skull 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 necesary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagce may be exercised at any time dating the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Resents, however, are upon the Cesldition, That if the said Mortgagor shalt repay said ban 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 i;Qieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and ou this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 25 , 200.00 payable
<br />to said ASSOCIATION; 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 Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all she agreements and conditions of the Bond for s 25, 200.00 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 make 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 agees 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 />stewed 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 said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due om said
<br />bond,atnd arty other bond for additional advances, together with all sutra 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 />legal rate.
<br />ni As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional stuns to the
<br />Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the sane as the funds originally
<br />total unt of principal debt not to exceed at any time the original amount of this mortgage"
<br />D. Imlay of June A. D., 19 86
<br />Lila Jean(}Stryke)r c,l
<br />STATE OF KA' On this 25th day of June
<br />COUNTY OF HALL 1 y 19 86 , before nee,
<br />L the undersigned, a Notary public in and for said County, personally cattle
<br />Ray T. Stryker and Lila Jean Stryker, each in his and her own right and as Spouse pp each
<br />other, who are personalty known to
<br />run to be the identical person g whose name s are affixed to the above instrument as mortgagor 5 and they severally
<br />mcltrowkdged the said instrument to be their voluntary act and deed.
<br />WITNESS my land and Notarial Sea) the date aforesaid" 1
<br />n
<br />My Commission expaesAAt % F
<br />taxer of tMNa► —Beer. d NeMasy votary Public
<br />,b11NME G. ROU5N
<br />�'tieaa Eap Nov. T5, 1388
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