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1 86- 107108 MORTGAGE MORTGAGE LOAN NO. L 24,706 KNOW ALL MEN BY THESE PRESENTS: That Gregory D, Christensen and Angeline L. Christensen, each in his and her own rirrht and as spouse of each other, Mortgagor, whether one or more, in consideration of the mat of Twenty Eight If Four Hundred and no/ 100---------------------------------- - -DOLjARg maned to said mortp,or by The Equitable Bu khn and Lean Association of Grand Island, Nebraska, Mortgagee, upon 284 dh of 211". of wool ASSOCIATION, Certificate No. L 24,706 , do hereby grant, convey and mortgage unto the said ASSOCIATION the fcnowiag described real estate, situated it flag County, Nebraska: Lot Four (4), in Block Forty One (41), in Russel Wheeler's Addition to the City of Grand Island, Hall County, Nebraska. together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens, window sharks, blinds, storm windows, awnings, beating, air conditioning, and plumbing and water equipment and accessories thereto,punips, stoves, refrigerators, 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 shall and will pay all taxes and assessments levied or assessed upon said premises and upon this mortgage and the bond secured thereby before the sane shall become delinquent; to furnish approved ¢nuance upon the buildings on said premises situated in the sum of 5 28, 400.00 payable to said ASSOCIATION and to deliver to said ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises; In ease of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgWe shall, on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness Shan remain unpaid; and the mrorippe shall have the power to appoint any agent or agents it may desire for the purpose of repay ttg said premises and renting the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be lied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such ardt,i mspeclive of any temporary waiver of the same. These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said sham by 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 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 and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of 5 28, 400.00 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 maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premise; keep and comply with all the agreements and conditions of the Bond for S 28 400.00 this day given by the said Mortgagor to said ASSOCIATION, and comply with all the requirements of the Constitution and By -Laws otrsaid ASSOCIATION; then these presents shall become nun and void, otherwise they shall remain in full force and tnay 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 agreements and conditions of said Bond; and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby seemed shall, at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without further notice, and the amount remaining due under said bond, and any other bond for any additional advances trade thereunder, shall, from the date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said band, and my other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island, NeMaixa for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the nutdmurn i. lepfrate. At, pmvided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally seared thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage. Da a thda 5th day of Dedember A. D., 19 86 nab STATE OF NEBRASKA, ss. On this 5th day of December 1986 before me, COUNTY OF HALL the undersigned, a Notary public in and for said County, personally cum Gregory D. Christensen and Angeline L. Christensen, each in his and her right an s Ouse of each other, era on be the identical persom whom name s are affixed to the above instrument as nhmrtotagor s and they severally a&wwbdpd the mid irstrtmrant to be their voluntary act and deed. WITNESS my hand and . tsrwh Seal the date afore ll 097 av n 9111:RAt 31 MAP 1116ti 0Maki its a M .. 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