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MORTGAGE, 86- MORTGAGE LOAN NO. _L 24,689 KNOW ALL MEN BY THESE PRESENiS -. That Dr. Leo M. Adams and Shirley H. Adams, each in his and her own right and as spouse of each other, -- - - - - -- ModMor. whether one a more, in consideration oftn taut of Eighty Eight Thousand and no /100- - - - --- -------- - - - - -- pOIIARg loomed to said mortgagor by The Egnitabie &Wdn and Low Association of Grand Island, Nebraska, Mortgagee, upon 880 shrew of ma of said ASSOCIATION, CenifiWe No. L 24 6gg • do Eby gam. �y and mortgage unto the acid AsSOCIAT►_ON dm foiowig dusaiead msl close, sitnnted in Has Couat�r. 0msaka: A tract of land comprising a part of Lots Thirty Seven (37), Thirty Eight (38) and Thirty Nine (39), Hidden Lakes Subdivision Number Two, Hall County,Nebraska, more particularly aescribed as follows: Beginning at a point on the Northwesterly line of said Lot Thirty Eight (38), said point being Forty Eight and Forty Two Hundredths (48.42) Feet, as measured along the chord, from the Southwesterly corner of said Lot Thirty Eight (38); thence con - tinuing Northeasterly along the arc of a curve whose radius is 4001 and along the Lot line, a chord distance of One Hundred Fifty One and Twenty Five Hundredths (151.25) Feet, to a point on the Northwesterly line of said Lot Thirty Nine (39); thence deflecting Right 118 degrees, 461 from the last described chord, and running Southeasterly, a distance of Two Hundred Seventy Four and Forty Five Hundredths (274.45) Feet, to a point on the Southeasterly line of said Lot Thirty Seven (37); thence southwesterly along said Southeasterly line of Lot Thirty Seven (37), a distance of One Hundred Fifteen and Four Hundredths (115.04) Feet; thence deflecting Right 92 degrees 211 and running Northwesterly, a distance of One Hundred Twenty Eight and Fifty Two Hundredths (128.52) Feet, to a point on the Northerly line of said Lot Thirty Seven (37), said point being Sixty Eight and Twenty One Hundredths (68.21) Feet Easterly from the Northwesterly corner of said Lot Thirty Seven (37); thence deflecting Left 11 degrees 471 and running Northwesterly, a distance of Eighty and Four Tenths(See Attached) tagedmm with all the tenements, heveditaments and appurtenances thereunto belonging, including attached floor coverings, all window scrams, window Andes. blind:, storm windows, awnings, heating, air conditioning. and plumbing and water equipment and accessories thereto, pumps stoves, refriptators, 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 cull and will pay all taxes and assessments levied or assessed upon said presides and upon this mortgage and the bond secured thereby before the same stall become delinquent; to furnish approved Wmmaance upon the buildings on said premises situated in the sum of S 88, 000.00 payable to said ASSOCIATION and to deliver to said ASSOCIATION the policies for said issuance; and not to commit or permit any waste on or about said premises; In age of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall, on demnd. be entitled to irnmediate possession of the mortgaged premises and the mortgagor hereby assign, transfers and sets ova to the mortpdee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness d" temait anpoid; and the mortgagee shall have the paver to appoint any agent or agents it may desire for the purpose of repairing aid prearisss and noting the same and collecting the menu, revenues and income, and it may lay out of said income all expenses of repairing said premises and necessary eommmisdom and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be �d toward the discharge of said mortgage indebtedness; them rights of the mortgagee may be exercised at any time during the existence of such aiWt,. irespeetim of any temporary waiver of the some. These Presents. however, we upon the Condition. That if the said Mortgagor shall repay said ban on or before the maturity of said sores by psymont; pay monthly to sad ASSOCIATION of the sun specified in the Bond seamed hereby as interest and principal on said loan, on or before the Twentiethday of ach and every month, until said loan is fully paid; pay all taxes and assessments levied against said premise and on this Mortgage and the Bond seamed thereby. before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 68, 000.00 payable to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at the aaximmm legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply with all the agreements and conditions of the Bond for S 88, 000.00 this day given by the said Mortgagor to aid ASSOCIATION, and comply with aB the regwre ments of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they died 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 payments or be three months in arrears in making said monthly payments, or to keep and comply with the agnxments and conditions of said Bond; and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. If trite is any dhsaille in ownership of the real elute mortgaged herein, by seek or otherwise, then the entire remaining indebtedness hereby sueuned shag, at the optima of The Equitable Building and Loan Association of Grand Island, Nebraska, become immnediatety due and without fai the notice, and the amormt remaining due under said bond, and any other bond for any additional advances made thereunder, du�ll, from the dale of concise of sad option, boar intend at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount nt due on said band imad may other bond for additional advances, together with all sums pad by said The Equitable Bolding and Loan Association of Grand Island, Neisasin for immarmaa, tams and nrsessments, and abstracting extension charges, with interest thereon, from date of payment at the nrximm n =ft. As leer in the Bond secured hereby. while this mortgage remains in effect the mortgrgee may hereafter advance additional sums to the makers of said Mond, their »rigs or ssceesson in interest, which sums sill be within the security of this mortgage the same as the funds originally termed thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage. 13th daYof November A. D_, 19 86 STAIN OF NBMtA.4fU, ss On thin 13th day of November 19 86 . before me, COUNTY OF HALL. the urAeriymd, a Notary Public in and for aid County. personally arm a Or. Leo M. Adams and Shirley H. Adams, each in his and her own rightw had aa�espcwse 4feaacnhm otter, p°a°nnuy Aar to be to Wima ad parson s whoa names are affixed to the above iisqument as mortgagor S and they severally to uid iodroans to be their voiwntery set and deed. WrtN '.tS any head and Notarial Sad the date a %nsmil. � r, Comrs My ission f`otary rrtnsse rmMMrIIMtfhsstla