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<br /> R �IORTGAG[i LOAN N0. L ZZ,4SB
<br /> r I:NOWALLAfIiNDYTHESLPRGSHNTS:That Cornelia V. Kreachbaum, d S1n9�2 p0t'S011
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<br /> p..�:: � ,� ASortgagor,whether one ur mure,in consideration of the sum oF � � �
<br /> ; Five Thousand and No/100-----------------------------------------------------------
<br /> � DOLLARS
<br /> luaned tu said mortgagor by The Gyuitable Building and Loan Association of Crand lslmid,Nebraskx,Atortgagee,upon 5� shares ot stock o(
<br /> s�id ASSOCIATION,Certificate No.L 22�488 ,do hereby grant,cunvey and nwrtgage unro the said ASSOCIA'fION the fullowing
<br /> described real estate,situated in Ilall Cuunly,Nebraska:
<br /> LOT EIGHT (8) IN BLOCK ELEVEN (11�) IN GILaERT'S
<br /> ; ': SECOND ADDITION TO THE CITY OF GRAND ISLAND, IIALL
<br /> COUNTY, NEaRASKA.
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<br /> toged�er with all the tenentents,hemditaments and appurtenancrs thereunto belonging,inrluding attuched tluor coverings,all window screens, � � .
<br /> windo�v shades,blinds,storm windows,�wnings,hcating,air cunditiuning,and plumbinc and water eyuipment and acas:ories there[o,pumps,stoves, �� � . . . . .
<br /> �efrigerators,�nd nther fixtures and equipment now or here:�fter attached to or used in connection widi said real estace. � � �
<br /> f And wLeccas the said nwrtgagor has�greed�nd does hercby acree th�[ihe murtc�gur shall and wilt pay al!taxes and assessments lovied or � . � �
<br /> assessed upon said premises and upon this mor�g:ige and the bund secured Uicrebv before lhe same:hall become delinquen�:to furnisl�approved � �.
<br /> insurance upun the buildings on said premises situated in the sum of S 5����.�� payable to said ASSOCIATION and to deliver co said
<br /> � ASSOCIATION thc pulicics tor s�id insurancc:and not to cummit ur pcmtit any wastc on ur abuut said premises; � � � �
<br /> !n cese uC def�ult in tlie performance ul'any uf the terms and conditions of this martgage or tfie 6ond sewred hereby,the mortgagee stiall. . . �
<br /> �� on Jemand,6e entitled to immcdiste pnucssion u(Ihe mortgngrd prcmiscs and the mongagon c�reby assigns, transfers and sets over tq thc '
<br /> mortgagee all lhe reNs,revenues and income tu be derived Crom the mung�ged premisas during such time as the mortgage indebtedness shall remain � � � � �
<br /> unpaid;and the morigagee shalt ha�'r thc potver tu appoint�ny�gent ur agunts it may desirc tor the purpose of cepairing said pmmises and renting � � . .
<br /> the same and collecting�he rents,revenues and income,and it may pay out of said income all expenses uf repairing said premises and necessary � � � �
<br /> � commissiuns and rxpenses incurred in renting and managing the same and uf collecting rentals thercfrmn; ehe 6alance remaining,i(any,to be
<br /> applied totvard the dischacge uf said murtgage indebiedness:theu rights of the murtg�gee msy be exercised at any time during the existence ot such . �
<br /> de(aull,i�resp.ctice uf any temporaey n•aiver of the same. �
<br /> These Yrescnu,however,�rc upun�he londition,Th�t if the said�tortgagor shall rcp�y;aid loan on or before the maturitv of said shares by
<br /> ���� payment;pay monthly to said AS50('IATf01 oC the sum specii�ed in the 6und securcd hereby as intercst and principal on said loan,on ur beforc
<br /> the 1\ventielh day of each and every munth,until ssid loan is lull��plid;pay all taxes and assessments levied against s:id prcmises and on this�furtgage �
<br />� ��� and the[lund secureJ dieceby,betorc delinyuency;lumish appruved insurance upon the buildings thereun in ihe sum uf S 5��QQ.QQ pa}'a61e � . �
<br /> �o said ASSOCLIT(ON:rcpay tu s:iid ASSOCIATION upon dcmand all muncy by it paiJ fur such tascs,�sseumrnts and insurance with interest at � � �
<br /> j�� the maximmn leg�l ratc A�creon(rum date of papment all of which Afortg:�gur hereby agrees to pay;pennit nu waste un said prtmises:Aeep and c.romply � � �
<br /> ���ith all ihe agrerments and conditions of�he Bond fuc S 5�QQQ QQ this day Eiven by the s�id�fortgagor to vid ASSUCIATION,and comply
<br /> . with all the reyuirements of�he Constimtion and By-La���s uC said ASSOCIATION:Uien�hesc presents shall become null and vuid,othern�ise they
<br />� F,�� shall remain in Cull force and may be Ibretluscd at ihe option of the said ASSOCIA"f10T after (ailure fur three munths to make uny uC said
<br /> f�.� ' payments or be three munAis in arre�rs in making said mondily payments,ur w 4;eep and complq a•itl�the agreements und condilions of said I3ond;
<br /> and Mortgagor aFrces to have a recei��er appulntrd furthwith in such Coreclosure proceediitgs.
<br /> If Uiere is any change in ownership of the real estate morlgaged herein,by sale ur otherwise,then the entire remaining indebtedness hereby
<br /> ' �� secured shall,at die option o(The Gquitable�uilding and Lo�n Assuciatiun of Grand 1sland.Ncbras}:a,become immediately due and payabic without
<br /> � . funher nutice,and ihe amount remaining due under said bund,and any uther 6ond for any additiunal advances made tliereunder,sliall,from the
<br /> date of erercise of s�id option,bcar interest ai the maximum Iegal rate,and this murtgage may then be foreclosed to sstis(y the amoun[due on said
<br /> '� , bond,xnd any other bond for additional advances,tueether wid�ell swns paid by said The Gyuitable Building and Luan Assuciation o(Grand Island,
<br /> �� Nebraska(or insurance,taxe;and assessments,and abstracting cxtensiun chargcs,with interest thcmon. (rom date o(puymcnt at the msximum .
<br /> �.. Icgalrate.
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<br /> As provided in the I3ond secured hereby,while ihis murtgage remains in ef(ect the mortgagee may herea(ter advance additional sums to tht
<br /> '` . makers uf said Uond,thcir assigns or sutres�on in interest,which sums shall be within q�e xcurity of diis mortgage the same as d�t funds orieinally
<br /> ysecured dureby,the total amount of principal debt not to exceed at any time�he oriGinal amount of this mortgage.
<br /> u��ra�n�5 4th a�y�r January n.n..»76
<br /> _ f'it�J.'�,a /�S.(r/ 1� ./11i �f,�'�[.u.G('7ic..
<br /> ornelia V. i:reachbaum
<br /> STATG OP NL•BRASKA,�ss. On tliis 4th ��Y�f January 19]] ,Lefore me,
<br /> COUNTY OP tIALL , �
<br /> ' Uic undcrsigned,a Notary Public in and for:aid County,personally came � �-,rn �*��-�
<br /> Corne lia V. �reac hbaum, a sing le person N'�._
<br /> �� H�tm 7 5 personally known tu � � :
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<br /> L me to be the idtntical perwn �ahuse name j g a(fixed lo the above instr��en��mortgagor and She 7EX�(�� �.
<br /> acknowledged the said instrument to be her volunt�ry act and deed. / , j � � n
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<br />�, I Wl�PJ655-myhend and Notarial Scal the dare aCoresaid. C ;� �=�if { , �y
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<br /> i � �1 r ��.�` � .., � r ,otary Public
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