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<br /> MORTGAGE
<br /> �tORTGACGL0ANN0. 2z,529 dGIC
<br /> � KNONpLLh1ENBYTHESEPRFSENTS:Tltat Richard L Cornelius and Kathy J. Cornelius, each lfl f115
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<br /> and her own right and as spouse of each other
<br /> � -Mortgego',whe[her one or more,in consideration of[he sum oI
<br /> Ten Thousand Five Hundred Fiftv and No/100------ ------- ---- -dottntis
<br /> loaned to said mongagor by Tfie Equitable Buiiding and Loan Auociation ot Grand liland,Nebraske,Mortgagee,upon �05 shares of stock of
<br /> said ASSOCIATION;Certifica[e Nn.L 2z+b29 MGI,Cdo hereby gmnt,convey and mortgage unto the said ASSOCIATION the folJowing.
<br /> described real estate,situated in liall County,Nebraska:
<br /> A TRACT OF LAND COMPRISING A PART OF LOT SEVEN (7), NORtJ00D SUBDIVISION OF PART OF THE
<br /> WEST HALf OF THE NORTHWEST QUARTER (W�-�NW;J OF SL•CTION TEN (10), TOWNSHIP ELEYEN (11)
<br /> NORTH, RAN6E NINE (9) WEST Of THE 6TH P.M., CI1'Y OF GRAND ISLAND, NEBR�SKA, HALL COUNTY
<br /> AND MORE PARTICULARLY DESCRIBED AS FOLLOWS: BE�INNING AT A POINT ON THE SOUTH LINE OF
<br /> SAID LOT SEVEN (7), SAID POINT BEING THREE HUNDRED FORTY-FIVE (345.0) FEET EAST OF TNE
<br /> SOUTHWEST CORNER OF SAID LOT 7; A DISTANCE OF SIXTY (60.0) FEET: THENCE RUNNING NORTH,
<br /> PARALLEL TO THE WEST LINE OF SAID LOT SEVEN (7) A DISTANCE OF ONE HUNDRED SEVENTY (170.0) ;
<br /> FEET; THENCE RUNNING WEST, PARALLEL TO THE SOUTH LINE OF SAID LOT SEVEN (7), A DISTANCE
<br /> OF SIXTY (60.0) FEET; THEPJCE RUNNING SOUTH, PARALLEL TO THE WEST LINE OF SAID LOT SEVEN
<br /> (7) A DISTANCE OF ONE HUNDRED SEUENTY (170.0) FEET OT THE POINT OF BEGINNING.
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<br /> tugether w�ith all �he�te;�ements,hereditaments and a urtenances tltereunto belon in,includin attached oo � � � �
<br /> � PP B B 6 11 r coverings,all window screans, .
<br /> ', �t window shades,blinds,storm w•indows,awnings,heating,air conditioning,and plumbing and���ater equipment and accessories thereto,pumps,stotxs, � � �� � ��
<br /> refrigerator<_,and other fix[ures and equipment now or herca(ter attached to or used in connection w�ith said real estste. � � �
<br /> And wheteas the said mortgagor has agreed and does hereby agra that the muneagor shall and u•ill pay all taaes and assesmmnts levied ot � � � � - �
<br /> assessed upon said premises and upon this morteage and the bond secured[herebv before the same shali become delinquent;to furni�fi approsrod
<br /> _ insurence upon the 6uildines on ssid premises situated in the sum of 5�O,550.00 payable to said ASSOCIATION and to delieer lo said � �� � � � �
<br /> ASSOCIATION the policies for said insurance;xnd not to commit or permit any waste on or xbout said pmmius � � . . . �
<br /> '���-�b In case of detault in the performance of any of the terms and conditions o(this mortgage or the bund sewred here6y,the mottgagee shall, �
<br /> on demand,be entitled to itr:medizt•possession of the mortgaged premises and the murteagor here6p assigns, transfers and u[s over w [he � � - �
<br /> mortgaeee all the rents,revenuts and income to be derieed frum the mortea¢ed premises during such time as the mort�2ge inde6ttdness shall remain � � � � � �
<br /> unpaid;and the murtgagee shall have the poWer to appoint any agent or agems it may desirc for the purpose oC rep2iring said premises and renting - �
<br /> the same and coliecting L'ie rents,te�2nuet and income,and it tnay pay out oC said income all exper.ses of repairing said premius and necrssary � � �� ��
<br /> commis:ions and expenus incurred in rentine and managing the ume and o(collecting rentals thereFrom:the balance remvning,S any,to be � �
<br /> . applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised 9t any time durine the exiseence of such �
<br /> default,irrespectire ef any temporary u•aiver of the same. � . .
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<br /> These Presents,hoH•rcar,are upon the Condition,That if tiie s;!d S.1or[gagor sh�l!repey said losn on or befote the maturity ot said shares b}• � i
<br /> payment:pay monthly to said ASSOCIA710N of the sum sp>cified in the Bond secured hereby as inurest and pnncipal on ssid loan,on or beforo � �
<br /> �. the Twentieth day of each and eveq•month,unti!said loan is tully peid;pay all tases 3nd asussmrnts le�ied against said premises and on this 1f ort�.age
<br /> z�� and thc Bond srcured thcreby,before delin uenn�;furnish a � ��
<br /> q pproved insurance upon tht buSldings thereon in the sum of S ��,550.�0 p�yab!e
<br /> to ssid qS50C1AT10N:repay co said ASSOCIATION upon demand xll money bp it paid for such taaes,assessments and insurance with interest at
<br /> �he m�cimum legal rate thereon fmm da[e of pa��ment all of u•hich Atoneagorhereby agrees m pay;permit nu wsste on said premines;keep and comply
<br /> t��� with alf the agreemrnt:and mnditions uf the Bond for 5�O,550.00 thi:da}'gi�xn by�he said Atort¢agor to�id ASSOCIA170N,and comply
<br /> w�ith all the requirements of the Constitution and Byl.ae•s of said ASSOCIATIO!�;then ihese prtsents thall become null and void,othenvix the�• �
<br /> shall remain in(ull force and may be foreclosed at thr optien uf the ssid ASSOCIATIO\ after faiture for three months to ma}:e anv ut said �
<br /> paymrnts or be three months in arreaa in making said monthly payment:,or to keep and comply a�ith the agreements and conditions ot said Bond;
<br /> and Atongagor agrees to h;+ve a receiver eppuinted forthwith in such foredusure proceedings �
<br /> If ihere is any d�ange in ownerst;ip of the ual rstate mortgaged herein,by sale or otheru�iu,then the entire�emuning indebtedness hereby
<br /> . �ecured shall.xt the option of The 8quitable Building and Loan Association o(Grand Island,Nebradca,becomt immediately due and payable w�thout
<br /> further notice,and the amount remaining due under said bond,and any other bond fot any additional ad�ances made thtreunder,shall,Gom the
<br /> . date oi eatrcise of said option,bear interest at the ma�rimum legal rate,and this mongage may then be(oredosed to satisfy the amount due on said
<br /> bond,and any othcr bond for additional ad�znces,together w•ith all surtu paid by said The Equitable Building and Loan Association of Crand Island,
<br /> Nebraska tor insurance,[axes and assessments,and abstracting extension charges,with intettst thereon,from date of payment at the maximum
<br /> leg�!rate.
<br /> As prmided in Lhe Eond ucured hereby,while this mortgage mmains in ef(ect the mongagee may hataittt ad�2nce xdditional sums ro the
<br /> makers of said Bund,theu assigns or successors in interest,w�hich sums shall be w•ithin the security of this mortgagt the same as the(unds oiieinally
<br /> secured thereby,the total amount of prinripal debt nol to exaed at any time th:ori�ina!amount of this mon�age.
<br /> Datedthis lbth a,yof February p.D.,]9��
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<br /> �� / �']�' I'/'�'9-u�t C GG'� /�� n,�� � i / �r�-'.,i�s � � „/ �
<br /> Richard . Corne�ius 1�.athy J�Co e ius
<br /> STATE OF hEBRAS}:A, ss. On this ��th day of February l9�� .6eCore me,
<br /> COWTYOFHALL} „�� f
<br /> Richard 1. Cornelius and Kathy J. Cornelius, eacKndlD Il��ad���ryfierL`ovrn rfign�d an"�"'�g"spouse`of �N X�`,
<br /> ieach othzr „_^�.� N�no are p«wnallyknownto � '
<br /> me to be the idrnlical perscuf:s;. whbss'naioe 5 3 re atfixed to the abo��e instrument az mort¢agor$ 3nd they snxrally ' � �`
<br /> aticnowled ed the svd . . ; � r' �
<br /> B uutidmuY m be h�thBl,►', voluntary act and deed. � .
<br /> µ'ITT�SS m}hand and No the date aforesaid. ' 1??
<br /> Af�COmmSsionexpuem+�'7, �9�'1J ��"�� i G� �s�
<br /> -- J h_�f=Y/1'd'1 .'�.�jL2�l•ZL�..-G)
<br />:¢,. � Qi.u�RI \otary Public
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