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MORTGAGE 86— loopmo
<br />MORTGAGE LOAN NO. L 24,696
<br />MOM ALL MEN nY THESE PRESENTS: That Barbara S. Gonzales, a single person,
<br />Mortgagor, whether one or mote. in consideration of the sass of
<br />Thirteen Thousand and no/ 100---------------------- --- --------------------- - - - - -- DOLLARS
<br />kened to raid mortgagor by The Equitabe Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 130 shales of 0tock of
<br />said ASSOCIATION, Certificate No. L 24, 696 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />The Westerly Two— Thirds (W2/3) of Lot Two (2), in Block
<br />Eighteen (18), Kernohan & Decker's ADdition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />together with ad the tenements, dereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<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 />messed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />assurance upon the buildings on said premises situated in the sum of S 13, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to cnmmit 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 mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mongagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness 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 prembes and renting
<br />the some and collecting 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 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 mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />Thew Presents, however, are upon the Condition, That if the said Mortgagor shall repay said Ian 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 Twentiethday of each and every month, until said Bart is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 13, 000.00 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 ate 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 S 13, 000.00 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 thew 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 remaining indebtedness hereby
<br />secured 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 dote 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 dote on said
<br />bon d and any other bond for additional advances, together with all sums 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 />ate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional awns to the
<br />ndcers of said Bond, their assigns or mccessun in interest, which sums shall his within the security of thL 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 />Dated this 17th day of November A. D.. 19 86
<br />� T
<br />STATE OF NEBRASKA, 1
<br />COUNTY OF HALL a. On this 17th day of November 19 86 , before me,
<br />the undersigned, a Notary Public in and for said Cot-nty, personally carne
<br />Barbara S. Gonzales, a single person, who is personally known to
<br />me to be the identical person whose name i9 affixed to the above instrument as mortgagor and She sevendly
<br />acknrwkelpd the mW imttument to be her voluntary act and deed.
<br />W17NM_ ary hand and Notarial Scal the date aforesaid.
<br />My 0"Mitairm expires j h 7 l 04
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<br />� Notary i ubla:
<br />ianustr at THo Va; F. 14 h7 AIJ, 1!
<br />My IkL I1. 19117 j
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