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MORTGAGE B6— � naafi d MORTGAGE LOAN NO. L24,691 KPIOM Au, MEN Bte THFSE pRFSENjS: That Jimmie Lee Jackson and Rona Lee Jackson, each in has and her own right and as spouse of each other, MmPIPr. wletheramorsorc ,iaaooiisatimofdse*saof b=W to mtnid wargaIlor by The Equitable Baidiag and [.e.a Ammeiahm of Grmd fdrrd, Ndwmka. No tpw, sago. 200 Amm of ewclr at ` acid ASBOcIATION. Cestricaw No_ L 24,69' do bereby grant, convey and mortgage nnnto the said ASSOC1ATIMy the ALL dar+ied real estate, *kiwi is liaise County, Nebraska: Lot Twenty Four (24), in Fractional Block Seventeen (17), in Ashton Place, an addition to the City of Grand Island, Hall County, Nebraska, EXCEPTING the Northerly Seven (7) Feet thereof, deeded to the City of Grand Island in Quitclaim deed recorded in Book 115, Page 381 in the Register of Deeds Office, Hall County, Nebraska. together with an the tenements, hemilitaments and appurtenances thereunto belonging, including attached floor coverings, an window staemm, vri8ow shades, blinds. storm windows, awnauga, heatimg, air conditioning,and plumbing and water equipment and aceaaotia thereto, pumpa,rtovea, refriprdon, and other roamer and equipment now or hereafter attached to or used to connection with said real estate. And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and win pay an taxes and assts Is off amessed upon aid prey i ad upon this mortgage and the bond secured thereby before the same shah became delinquent; to fnnstsjh approved upon the buddinge on said premises situated in the sum of S 20 , 000.00 payable to said ASSOCIATION and to diver to mod ASSOCIATION the policies for said insurance. and not to commit or permit any waste on or about said premiss; Is cow of defame in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the rnao shat{, on demand, be entitled to smmdiste possession of the mortgaged premises and the mortgagor hereby soon, trasders and sets over to the mortdiye a an the rents, revenues and income to be derived from the mortgaged premises during such time as the mortge indebtedness shah rennin vnsninid. and the mortgagee shah have the power to appoint any agent or agents it may desire for the purpose of repairing, said praaiaes and renting the name and collecting the Teals, revenues and income, aced it may pay out of said incomhe an expanses of reps maid premises and necessary commissaries said expenses incurred in ranting and 6 the same and of collecting rentals therefrom; the baianoe mmnaisdttg, if my, to be toward the dnchK a of said mortgage indebtedness; these rights of the mortgagee may be exercised at nay time drying the existence of each irrespective of my temporary waives of the same. Thew Presents, however, are upon the Condit ion. That if the said Mortgagor shall repay sod loan on or before the maturity of said slates by psymem; pay monthly to said ASSOCIATION of the nun specified in the Bond secured hereby as interest and principal on amid loan, on or before the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premiss and on this Monger and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereat in the stmt of S 20, 000.00 payable to aid ASSOCIATION; repay to said ASSOCIATION upon demand an money by it paid for such taxes, assessments and iaauance with interest at the maxenum legal rate thereon from date of payment an of which Mortgagor hereby woes to pay; permit no waste on said presdss;kmp sad comply with all the agreements and conditions of the Bond for S 20, 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply with all the requirements of the Constitution and By -laws of said ASSOCIATION; then thew presents shah become mull and void, otherwise they slsan remain in ftd force and tiny be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said payments or be three months to affairs in making, said monthly payments, or to keep and comply with the agreements and conditions of said Bond; and Mortpgnr agrees to have a receiver appointed forthwith in such foreclosure proceedings. If there is any dnmge in ownership of the real estate mortgaged herein, by irk or otherwise, than the entire remaining indebtedness hereby seared shy. at the option of The Equitable Building and Luna Association of Grand Island, Nebradoa,become immediately din and payable withont ferner notice, and the amount remaining due under said bond, and any other bad for any adildiuml advances made thereunder, s6aB, firm the date of exercise of mud opboe, be s interest at the taaxsmrm legal rate, and this mortgage nay then be foreclosed to sandy the amount due on said brai.and my other bond for additional advances, together with an sums pad by and The Equitable Balding and lam Association of Gtmd Island, Nabraifa for ishwmx. taxes and assessments. and abstracting extension charges, with interest thereon. from elate of payment at the tasaxifmrm Iyti Tae. As provided in the Bad secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the arltaa of said Bond, their assign or successors m interest. which sums den be within the security of this mortgage the same as the finds originally seamed thereby; the total amount of principal debt not to exceed at any time the original amount of this mortgge. t 14th of November A. D., 19 i36 I� z Rona....ee Jack- STATE OF NEBRASKA, s the the 7 4th day of iSov Vtnber l9 86 . before ere, C1XWff OF HALL the undersigned, a Notary Public in and for said County, peraorany came w Jim fie Lee Jackson and Rona Lee Jackson, each in his and her own w aht and as saouSsre o ro each other, are P� as to be Use identical parser s whose name s are affixed to the show t as matgqurs and they wwnany adunoinledgad the rid imsruatavt to be their , ary act and deed. t �a 1stTNE*d;S m land and Notarial Sod the doe ,afo remud. s 1tly C axpir +r sauna. N `f.