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<br /> �� MOftTGAGE
<br /> MORTGAGE LOAN N0. �ZZ 513
<br /> '� KNOWALLBfBNBYTHLSEPRESGNTS:That Jerry W. Bowden and Sandra K. Qowden, 0dC17 1I1 h1S dfiCl
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<br /> � her own right and as spouse of each other, '
<br /> ; , : __________turtgagor,whe�her one or more,ln consideration of the sum af
<br /> � Eignteen Thousand Four Hundred and Na/i0U- ------ pottnes
<br /> �� loaned to said mortgagor by The Gquitable Building and Luan Association oE Grand(sland,Nebraska,�lortgagee,upon �$4 shams of stock of
<br /> � . said.ASSOCIATION,Certificate No.L 22,513 ,du l�ere6y grant,convey xnd mortgage unto[ne said ASSOCIATION the following
<br /> i described 7tal estate,situateJ in HaI!i:ou;�t�..:tUrusw&:
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<br /> � LOTS FOURTEEN (14) AND SIXTEEN (16) EXCEPT SOUTH TWELVE
<br /> ?' (12') FEET OF LOT SIXTEEN (16) Bl:OCK THREE (3) COLLEGE
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<br /> "� ADDITION TO WEST LNJN, AN ADDITION TO THE CITY OF GRFlND
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<br /> � - ISLAND, NALL COUNTY, NEBRASKA.
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<br /> `g together with all lhe tenemeNs,hereditaments and appurtenances thereunto belonging,including at[ached tlour covtrings,all window screens, . � � ��
<br /> window shades,blinds,sturm winduws,awnings,Itrating,air conditioiine,and p!umbi.^.g ar.d water equipment und accessuries therero,pumps,s[oves, - . - � .
<br /> ��� � refrigerators,and oifier f:xtures and equipment now or hereafter attached to ur used in connection with said real estate. � . � ��� �
<br /> �? And whereas lhe said mortgagor has agreed and dues hereby agcee that the murtgagor shall and will pay all taxes xnd asussmenu levied ur �� �.
<br /> i asussed upon said premises and upon this mongage and the bunJ secured therehy before the s�me shall become delinquent:to furnish approved
<br /> insurancc upon the buildings on said p�cmises siluated in the swn ut5�8,4��.�� payable to said ASSOCIATION and to deliver to said
<br /> ASSdCIATION the pulicies for said insurance;and nut�o commit or permit any waste on or about said premises; ��
<br />��� In cau u(de(ault in the perfo�mance o(any of the terms and cunditions o(titis murtguge or the bond secured ltertby,the murtgagee shall,
<br /> i on demand,be entided to immediate posses:ion of�he murtgaged p�emises and the mortgagor hemby assigns, transFcrs and sets over to the
<br /> ' mortgagee all die rents,revenues and income to be deri��ed from the mortgaged premises during such time as the mortgsge indebtedness shall rtmain
<br /> � unpaid;and tl�c tnortgagee shall have the power to:+ppoint any agent ur agents it may desire for the purpose o(repn�ring vid premises and renting
<br /> ihe same and co(]ecting tnc rents.rerenucs and income.and il may pay uui cf�.:id ir�ccme al1 ex�;..r.ses of r^�a�•;^.^•=�•t p==•^.`:=::^^d r.ecaiwy _ . � � _ .
<br /> commissions and expenses incurred in renting and managing the samz and of collecting renlals thtrefrom;the balance remaining,if xny,to be � � �
<br /> applied towaed the discharge oC said mor[gage inde6tedness;these rights of the mort�agee may be exercised at any time during[he existence oF such �� ;
<br /> z �, defaull,irrespectire of any temporary waiver of Uie sama � � - � j:
<br /> These Prexnts,howerer,are upon thc Conditiun,Tha(if the said hlortg�gor shall repay sxid luan on or be(ure the maturily of said shxres by �
<br /> payment:pay monthly to ssid ASSOCIATION of the sum specified in the Uund secured he�eUy as interest and principal on ssid loan,on or befom � - � .
<br /> the Twentieth day u(each and evcry month,until ssid loan is(ully paid:pay all taxes and assessmems levied against said premises and on this Atortgage
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<br /> . and the Bund secured therr.by,betom delinquency:iurnish approved insucance upon Ihe buitdings qie�eon in[he sum of 5 �$�Q�Q.Q� payable
<br /> k�'? to said ASSOCIATION;repay w said ASSOGATION upon dem�nd all money by it paid fur such taxes,assessmenu�r.d insurance with interest at . . .
<br /> -�Y the m�ximum legal rate thereon frarz dace of paymeut alt of which�furlgagor iiercby agrees[o pay;permit no waste on said premises;keep and comply � - � �
<br /> � �� w�idi all the agreemeNs anJ conditions of the Dund for$ �8.400.00�his day given by the said Alortgagor ro�id ASSOCIATION,and comply �. � � , . �
<br /> with all the requuements of thc Constitution and Dy-Laws of said ASSOCIATION;then these presents shal]6ecome null and void,utherwise they �
<br /> shall remain in(ull(orce and may be(oreclosed at the option ot the said ASSOCIA170N a(ter (nilure for thrce months to make any o(said � � .
<br /> paymenis ur be thrre months in arrears in making said monthly payments,or to keep and comply with the agreements and condi[ions o[said Bond;
<br /> and Mortgagur agrees to hare a receiver appuinted forthwith in such fureclosure proceedfn��. �
<br /> If there is any change in ox•nership of the real estalc mongaged I�erein,by sale or othcrwise,then the entice remaining indebtedness here6y .
<br /> secured shall,at the opiion of The Equitable BuBding xnd L.oan Association ot Grand Island,Nebraska,becume immediately due and p�yable without
<br /> further notice,and the amount remaining due undcr said bond,and any other bond for any addition�l advances made tlteteunder,shall,kom the � . �
<br /> date o(exercise of said option,bcar intcrest at the mlrimum legal ratc,and tliis mortgage may then be forcclosed to satisfy the amount due on said
<br /> bond,and any other bond for additional advances,mgether with all sums paid by said The F.yuitable Building and Loan Association of Grand Island,
<br /> Ne6raska tor insurance,taxes and asseuments,and abstru�ling estensiun charges,with interest thereon, Gom date of payment at tht ma�cimum
<br /> Icgal rale. � �
<br /> As provided in Ihe Bond secured hereby,whilc�his murtgage remains in cfFect the murtgagee rrwy hereafter ad�ance addi[ional sums to the
<br /> makers ohsaid Bond,their assigns or successors in interest,which sums shall be within the ucurity of this mortgage the same as the funds originally �
<br /> xcured theieby,lhe total amount of princi al debt not to exceed at any time the original amount of this mortgage. '
<br /> ti � Dateil this 31st� ���>,�� January,A•D..1�7
<br /> '��1� J ( ,� ,-,-�,� . -,�';f-�-_ �'�,���-r�'=,,��
<br /> Sandra K. Bow en
<br /> STATE OF NEBRASKA, ss. On this 31St day of January l�� ,before me,
<br /> COUN'fY OF HALL� �
<br /> ihe undetsigned,a Notary Public in and for zaiJ County,personally came �'� �r -'.
<br /> Jerry W. Bowden and Sandra K. Bowden, each in his and her own right and as spouse of each N f`
<br /> � other w���o are personallyknownto �
<br /> me ro be tho iSentical person S whose namc S are affixed to the above instuutu.�t as mortgagor S and they ������y I � �
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<br /> acknowledged the said instrument to be ry act and deed. _
<br /> � � WITNESS my hand and Notarial Seal the date aforzsaid. � � �, /°'� �� � �
<br /> MyCommissionexpircs �P L� /Y�;' , /l�=-��r �
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<br /> CN;pAL Nt,nRY �.�e„ hotary Public
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