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<br /> f ' AfORTCAGG � �
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<br /> �� � � AtORTCACL•LOANNO. �L��r5D3 � � i �
<br /> KNOWALLI�ILNDYTIILSGPRL'SGNTS:Thnt David D. Landon and Carolyn M. Landon each in h9s and � `�� '
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<br /> ',her own right and as spouse of each other � , 4'��� "'
<br />�� Atortgago,whcther one ur morc,in conslderctlon of the eum of ,�.,;�, , �i
<br /> �Th{rty-nine`7housand Two Hundred and No%100----=----------- -----------------------Dottntts : ' `r
<br /> `loaucd tn said modgagor by The Gquitable Au11J(ng and Luan Aswciatlon of Grand Island,Nebraska,Afortgagee,upon 392 shares of stock of � ri - r, �!
<br /> said ASSOCfATION;'Cedificate No,L 22�503 . ,dn hercby grant,wnvey and mo��gnge unro the suid ASSOCIATION the tollowing " ,;�� { S s ,
<br /> f JescribcJ'ceal estnte,;situated in Hall Cuunty;Nebraska:- i � 'sA + !;f
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<br /> lOT EIGHT (8) IN BLOCK'TWENTY '(20), IN ± ' � `
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<br />' CNARLES WASMER'S ADDITION TO THE CITY OF GRAND '; S :,��`''
<br /> ISLAND, HALL COUNTY, NEBRASKA. ' � � zi -`
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<br /> tagelher.with all.thc:tenements,hercditamcnts and appurtcnanccs thercunto belonging,including apadied lloor caticrings,nU window scmens, ` �g
<br /> winduwsfia�es,blinds,stacm windows,awnings,heating,air cunditioning,and plumbing and walerequipmentand acttuories tl�efeto,pumps,stoves, i
<br /> rcfrigerafors,and othcr fixwrefand equipment now or hucafter attnched m or used in connection with said rea!estatr.-.
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<br /> And a�hereas the mid martgagor lu�s agtecd and Joes hereby agrce that'the mortgagor shall and will pay all tases and asuuments levied or P
<br /> G surance upon thcpbu Id ngs n u d premiscs si�ated in Ihe sum ot 5 39�2��bUO e'���payab ento�said ASSOCIA'f[ON nanS roudell�rP or�s�id . � �'; �f rt
<br /> i,^ �1SSOCIA710N thc policies for ziid insurance:and not tu commit or permit any wastepn or about said prcmises; ? : xr
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<br /> ln.casc af defaull in thq pedormance of any of thc tcrms and conditions ol':this mortgage or H�e bund secured here6y,the mortgagee shnll,. � 1 �
<br /> on demand,be entitleJ to imtnediate posuuion of tlte mortgaged premises �nd qie mortgagor hercby auigns, transters and uts over.to the '� � ,
<br /> mort�gte all thc renu;revenues and Income to be derived from the mort�gad premius daring such time as the mortgage lndebtedneu:hall ttmam �
<br /> unpaid;and the modgagec shaU ha��e thc powe�ro appoint�ny agent ar agents ir may dezire fur thepurpase o!repairing said prcmise=,and renting r
<br /> the same and mllecting thecents,rcvenucs and income,and it m�y pa�•out o(said incomo-all expenses.oC repairing`said piemises and nccessary. ' , c�;
<br /> committions and expenses incurmd in renting and managing the same and of wllecting rentals,t6ettGom;th: balance remaining,it any;.to.be • ` =� '' +
<br /> applicd rowarJ thc discha�ge of saiJ mortgage indebtedness;thesc rights of the mortgagee may,be ezercised at any time during thdncistence of such � ; s
<br /> r• default;ure:pectivc oE any temporary x�ai��er of the ssme. - �
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<br />µ `These Presents,:hox�ever,arc upnn the Candition,Tha[if thc said�tur[gagar ihall repay said loan on or before the maturity of said shares by ,
<br /> paymrnt;pay monthly to said ASSOCIATIO\of the sum specified in the Bond sccured hereby as interest and principal on said loan,on or beforc �
<br /> lhe Tu'entieth d�y of eacli anJ esery month,unti!said loan is fully paid;pay ail iaxes and asussmenu levied agairtst said premises and on this Dtort�ge
<br />'�� and the Hund xcured Ihereby,beFore delinquency;furnish appmved insurance upun the buildings thereon in the sum o(S 39�ZQQ.QQ ,`paYabte, '
<br /> to szid ASSOCIATION;repay to said ASSOCL\TION upon demand a0 money by it paid for such taxes,asseuments and in{utance with intetest at �,
<br /> Ihe maximum IeQ,al rate tfiereun fwm date af paymenrall of which Aturtgasor hereby agrees to pay;permit no waste on said premises:keep and mmply �
<br /> ,� with alI dic agmemrnu and conditians of thc Bond for 3 39�2��.0�this dny gi��en by the s�id Afactgagor ro said ASSOClAT10N,and.comply '
<br /> wilh all the requirements of thc Constitutian and By-Laws of said ASSOCIATION;then these presents s}�a1I become null and void,othecu�iu they
<br /> shall:remain in full forcc and may be(oreclosed at the option of the said ASSOC1ATfON aftec failure for ttuec months to maka any aCiaid
<br /> � ' payments oabe thrce months in a�rwrs in m�king said monthly payments,or to Aecp and comply with the agreemrnts and conditions ot ssid Bond; + �
<br /> and�lortgagor agrees to have a�eceiver appuinted forthwith in such fomclosure proceedings.
<br />�� If there is any change in ownership of the real utate mortgaged herein,by sale or othcnvise;then the entirc rcrosining.indebtedness fiereby
<br /> sccurcJ shall,at the uption of The Gquitablc Building and Loan Association o(Crand Island,Nebraska,bewme immediately due and payable without
<br /> ' further notice,and the amount remaining duc under said bond,and any other bond for any additlonsl ad�anccs made thereunder,shall,(rom the
<br /> datc of exercise oC said option,bear inhres[at the maximwn legal rate,and this mortgage may then be forecloud to satisfy the amount due on said
<br /> - bond,and any othe[bond for additional advances,together with all sumt paid by said The Equita6le HuildSng and Loan Associatian of Crand Island,
<br /> ' Nebraska for insurana,taxes and assessments,and abstracting exlension charges,wilh interat thereon,Gom date oG paymrnt at the maximum
<br />�,� - legsl rate. , ' : ; �::
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<br /> j .As pro�ided in'the Dand secured hereby,while this mortgage�emnins in effect the mortgagee may hereafteradvance additional,sums to thc
<br /> makers of said Bond,iheir auigns or successors in interest,which sums shall be within the security of this muHgage the same as the funds origirully
<br /> � secured theaby,the ta1a1 amouncof principal debt not to exceed at any time the ori�inal amaunt of this mortgage.
<br /> aa in�: 24th a�or January ,�.n.,tv 77
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<br /> � ;:Da}�id:B�Land .. �
<br /> , %; Carolyn .'.Candon. �.�.: r
<br /> t i STATE OF NEBRASKA,�
<br /> s u Onthis 24th dayoC �df1U81`,y I9�� ,beforeme, s
<br /> COUNTY.OF HALL t
<br /> thc undenigned,e Notary Public in and for sa�d County;perwnally cama. ,.� q
<br /> David B `Landon and.Carolyn M. Landon each:in his.and her own right��h�nd'.as sppu�e��fk o�,n�o '� °'; 1CN���°�
<br /> other� �,,,, .,, ; ``' . are y ��;
<br /> �; me) th!� rson S whase name S` ape affixed to the above instnunent as mottgagor 5 and theY uverally ' t� �`s
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<br /> � �knowledgeU�re T' ment fo bc tllell` ��.. voluntary act and deed. ` '�' '�" '
<br /> a !� _', �7�l�IFS�my hand and Notarial Seal lhe dak foresaid. , r � `
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<br /> �� o1ary Public
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