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86-105566
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<br />MMTGAGE
<br />MORTGAGE LOAN NO. L24, 657 AML
<br />married
<br />KNOW ALL MEN E PRESENTS: That Leroy G. Cote ��,� t�o phine K. Cote; /and Kirk A. Cote,�,�,
<br />Mary J, Co %
<br />Leroy Cote, Jr. and Jane A. Co e; an Meddie J. Cote and Joyce L. Cott;° /" ice`
<br />sometimes known as The Four C , a partnership.
<br />Mortgsgtsr, avltathu see or spore, in ooaidergioe of the tern of
<br />Forty Eight Thousand and no /100 ----------------------------- -- ---- - - - - -° — --- "1XX.LP'M
<br />kass d to said moAp+or by The Equit" Building and Lwn Association of Grand Island, Nebraska, Modglrgee, upon 480 tlura of aferdt of
<br />said AS90CIATiON, Certificate No. L24.657 , do hereby grant, convey and mortgage unto the said ASSOCIATION the Mowing
<br />described real estate, situated in Hap County, Nebraska:
<br />The North Forty Seven and Eight Tenths (N47.8) Feet of
<br />Lot Two (2), Block Five (5), College Addition to
<br />West Lawn, Grand island, Hall County, Nebraska.
<br />together with all the tenements, heralitamea reunto belonging. including atta hed floor coverings, all window scram,
<br />window shades, blinds, storm IW g, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fra'.. to or used in connection with said real estate_
<br />And whereas the said 11101401 that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and secured thereby before Ihhe same shall become delinquent; to furnish approved
<br />insurance upon the btuiddetgs on said premises situated in the sum of S 4 81000. 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 any of the terms and conditions of this nwftgagc or the bond secured hereby, the mortgagee slop,
<br />on demand, be entitle( to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />w.mpgee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtednrew shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it nay desire for the purpose of repairing said premises and renting
<br />the same and colkaing 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 sarm 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 mortgagee may be exercised at any time during the existence of such
<br />defaedt, 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 to the Bind secured hereby as interest and principal on said loan, on or before
<br />The Twentieth dry of each and every month, until said loan is fully paid; pay ail taxes and assessments levied against said premises sod on this Mortgage
<br />and the Bond secured thereby, before delinquency: furnish approved insurance upon the buildings thereon to the sum of S 4 8, 000.00 payable
<br />to said ASSOCIATION: ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate t doe of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements a 00.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements 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 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 reminding indebtedness hereby
<br />focused shall, at the option of The Equitable Budding 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 bred for any additional advances made thereunder, sue, from the
<br />dale of exercise of said option. bear interest at the maximum legs] rate, and this mortgage may then be foreclosed to satisly the asmouM due oe said
<br />bond, and any other bond for additional advances, together with all sum paid by said The Equitable Budding and Loan Association of Grated Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />k d rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the 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 dus mortgage the same 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 />u.t is 24th d� of Septerriber A. n., 19 66
<br />V4 NO
<br />1' W"A"
<br />STATE OF NEBRASKA, ta. On this ,. -,�," day rd -� t/fJ CE "'r�c.Y c_ 19 N6 , before me,
<br />(RUNTY OF HALL
<br />the undmi igned, a Notary Public in and for said County, personally carne
<br />Leroy G. Cote and Josephine K. Cote, cacti in his and tier own, right and aS' SN UseaO known to
<br />each other, who
<br />me to he the identical person ;j whose name 8 are afY'ixed hr t.lee abrve mstrunrtnt as mortgagor and t.heV severally
<br />acknowledged the aid instrument tube their voluntary act and deed,
<br />wl'fNtSS my ?hand and Notarial Seal the date aforesaW
<br />My Comam%wn expo
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