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MORTGAGE 86- 105781
<br />MORTGAGE LOAN NO. L ?A � r"
<br />KWW ALL MFN BY THESE PRESENTS: That Max J. Hooker and Linda L. Hooker, each in his and
<br />her own right and as spouse of each other,
<br />Matpor, whedtta orss a attose, iq ooasidwsCioa oFtMs'wsro[
<br />Thirty Three Thousand Five Hundred and noJ 100---- ----------- --- ----- -- ------ - --app
<br />kimaid to acrd mortgagor by The Equit" Bu&IWS and Larch Asat+eiation of Grand Idaad, NeMsita. Mortgagee, a" 335 shassa of fikick of
<br />acid ASSOCIATWN, Cedir ate No. L 2462 do hereby get, convey and mortgage unto the sad ASSOCIATION dw folloift
<br />described teal estate, situated in Hall County, lVebra>rra:
<br />Lot Twenty (20) and the South Two (2) Feet of Lot Nineteen (19),
<br />Block Two (2), in West BelAir Second Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereditamenis and appurtenances thereunto belonging. Including attached floor corerittgs, all window scream,
<br />widow shades, blinds, storm windows. awnings, heatu*. au conditioning, and plumbing and water equipment and accenoeies thereto, pumps, stoves,
<br />tefrigeralors and other fixtures and equipment now or hereafter attached tee• 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 soured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premaes situated in the sum of S 33, 500.00 payable to said ASSOCIATION and to deliver to aid
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In car of default in the performance of any of the terms and additions of this mortgage or the bond secued hereby, the mortgagee dull,
<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 indebtednen 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 psesttses and renting
<br />the same and collecting the rents. revenues and income, and it may pay out of said income all expenses of repairing aid premises and necessary
<br />cotti�tioss and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance mwaioing, if any, to be
<br />applied toward the discharge of said mortgage indebtedness: these rights of the mortgages may 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 stall 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 folly pad; pay all taxes and assessments levied against said premises std on this Mortgage
<br />and the Bad wasted thereby, before dehnquency; furnish approved insurance upon the buildings thereon in the sum of $ 33, 500.00 payable
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand all money by it pad for such taxes, assessments and insurance with inte rest at
<br />the ttaxisrrn 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 S33 500.00 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 />stag remain in full force and may be foreclosed at the option of the said ASSOCIATION after faihure 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 Bad;
<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 indebtednera hereby
<br />aecired 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 die under said bond. and any other bond for any additional advances nude thereunder, shat, from the
<br />dirk of exercise of said optior.. bear interest at the maxirmnm legal rate, and this mortgage may then be foreclosed to satisfy the amount due on aid
<br />bond, and any tithe bond for additional advances, together with all Woos paid by said The Equitable Budding and Loan Association of Grand Wand,
<br />Nebraha for assistance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />ko rate.
<br />As provided in the Bond secured hereby, while this mortgage temains rn effect the mortgagee may hereafter advance additional sums to the
<br />moms of said Bond, their assns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />seared thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />STATE OF NEBRASKA,
<br />CU WY of HALL
<br />Wx J. Hooker and Linda L. Hook
<br />other,
<br />wo to be the identical pets m s whose name
<br />adtnowledged the sod mar -ument to be th(
<br />R*IT14U S my hand and Nou"
<br />A. D., 19 86
<br />October 19 bb , before sae.
<br />the undersigned, a Notary Public in and for said County, personally can
<br />and her own right and as spouse aih
<br />who are t of ltnowm to
<br />affixed to the above instrument aytagpgur
<br />sax and deed. /)
<br />.r
<br />and they severally
<br />NO
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