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86, 1A68�9
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L24,701
<br />KNOWALLMEN BY THESE PRESENTS: That Floyd F. McMullen and Catherine J. McMullen, each in
<br />his and her own right and as spouse of each otheMonpeor, whether one or snore, in cotaddasom of duo amt of
<br />FortvFour Thousand and no/ 100-------------------------------------------------- nirulAncC
<br />loosed to laid nnortpgcx by The Equitable Budding and Loan Association of Grand Island, Nebraska, Mortgagee, upon 440 shares of Nods of
<br />slid ASSOCIATION, Certificate No. L 24,701 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in liall County, Nebraska:
<br />Lot Twenty Four (24), Westroads Estates Third Subdivision,
<br />Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />widow shades, blinds, storm windrows, awnings, hating, air conditioning, and plumbing and water equipment and sccesmries thereto, pumps, stove s,
<br />rafrigerators, 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 assicuu its levied or
<br />sexed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 44, 000.00 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 rase 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 mod 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 indebtedness slat reumaih
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and teM¢fg
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repaving said premises and necessary
<br />commission and expenses incurred in renting and managing the same and of collecting rental therefrom; the balance remaining, if any: to be
<br />toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />de ads; 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 dares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bost secured hereby as interest and principal on said Iran, on or before
<br />the Twentieth day of each and every month, until said loan 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 S 44;000.00 payable
<br />to amid ASSOCIATION; repay to said ASSOCIATION upon demand all money by it pad for such taxes, assessments and insurance with interest at
<br />the maximum legate ate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said pie ;keep and comply
<br />with all the agreements and conditions of the Bond for S 44, 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 then presents stall become null and void, otherwise they
<br />shad retain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to nuke any of said
<br />payments or be three months in arrears in making said monthly payment% 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 emote mortgaged herein. by sale or otherwise, then the entire remammg indebtedness hereby
<br />sec red alnq, at the option of The Equitable Budding and Loan Association of Grand Isintd,Nebradn,becone immediately due and without
<br />loather notice, and the amount retainig due under said bond, and any other bond for any additional advances made thereunder, haill, from the
<br />doe of exercise of aid option, bear interest at the maximum legal rate, and this mortgage nay then be foreclosed to satisfy the amount due on said
<br />bottd,ssid any other bad for additional advances, together with aQ sum paid by sad The Equitable Budding and Loan Association of Grand Islmd,
<br />Nebraska for insurance. taxes and a esatrents, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />t..a,
<br />led its the Bond secured hereby. while this mortgage remains in effect the mortgagee may hereafter advance additional stns to the
<br />Bond their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />Vj the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />is 28th day of November A. D., 19 86
<br />— aastler srhe- s; -rfe.'
<br />STATE OF MORASKA, ss. On this 28th day of November 19 86 , befose me,
<br />COUNTY OF HALL.
<br />the undersigned. a Notary Public in and for said County, personally cam
<br />Floyd; F. McMullen and Catherine J. McMullen, each in his and tier oWri right a
<br />wrios to
<br />of each ether,
<br />rss so be do identical pats m s whose new s are affixed to the above instrument as tt�ngsgor s and they severalty
<br />l the said instrument to be their voluntary ley and daed. - f
<br />WITNM nay bond and Nolssni Sad the date aforesaid.
<br />My commission espies a �� 7 n �'
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