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<br /> A10RTGACE
<br /> h10RTGAGG LOAN N0. � ZZ,531
<br /> ' KNOWALL�fENBYTHESL'PRESGNTS:That LdPPy J. C01'dE'S dtld MdPy C. Cordes each 1fl f115 alld I1CY'
<br /> r
<br /> y OWf1 P1Pub dtld d5 SpOUSe Of EdCh Oth2Y' �fortgagor,whetheroneormore,incansiderattonofthesumof
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<br /> Three Thousand Twc Hundred Fiftv and No/100-=------------------------ ' ;.
<br /> ------"---""DOLLARS
<br /> � � loaned to said mortgagor 6y The 8quitable Building and Luan Aswcintion of Grand Island,Neb�aska,Alortgagee,upun 32 shares of stock of
<br /> ! said ASSOCIAT[ON,Certificace No.L '22�531 ,do hereby grant,com•ey and mortgage unto the said A5SOC[ATION the folluwing ,
<br /> � , described real estate,situated in Hx11 County,Nebraska:
<br /> ,x
<br /> , ;
<br /> �,
<br /> i
<br /> � ! THE NORTHERLY ONE-HALF (NZ) OF LOTS ONE (1)
<br /> 7 AND TWO (2), IN BLOCK NINE (9), IN H. G.
<br /> , ; - CLARK'S ADDITION TO THE CITY OF GRAN� ISLAND,
<br /> ,,
<br /> NEBRASKA:
<br /> �
<br /> �
<br /> : ;,
<br /> Subject to a prior mortgage to the mortgagee
<br /> ; her�in in the principal amount of $12,400.00,
<br />� ;, dated August 11, 1976.
<br /> togett�er with ail the tenetnents,hereditaments and appurtenances thereunto belonging,induding attached Aoor coeerings,al1 window scceens,
<br /> � windok�shades,blinds,storm windows,awning:,heating,air mnditioning,and plumbing and water equipment and accessories thereto,pumps,stover,
<br /> relrigerators,and odier fixtures and equipment now or hereafter attached ro ur ured in connec�ion wi�h said real esta[e.
<br /> jAnd whereas lhe said mortgagor has agreed and does hereby agree Ihat tl�e mongagor shall and will pay all taxes and atsessments levied or
<br /> assessed upon said premises and upon this mortgage and the bond secured there6y belbre the same shall become delinquent;to iurnish appruved
<br /> insurance upon the buildings on mid premises situared in die swn oC S 3�25�.U� p�yable w said ASSOCIATION and to delivet to said
<br /> i nSSGC(A7[ON the policies ior said insurance;anJ noi to commit or permit any waste on or about saiJ premises;
<br /> � In case of default in tlie perio�mance of any of the terms and con�icions o(ttus murtgage or Ihe bond xecuied hereby,the mortgagee shall,
<br /> ; on demanJ,be entitled to immediate possession ut Ihe morigxged premises end the murtgagor t�ereby assigns, transfers and xts over to the
<br /> mortgagee all the rents,revenues and income to be derived from the moct,aged premises during such time as the mortgage indebtedness stiall remain
<br /> � unpaiJ;and the murigagee shall have the puwer to appoint any agent or agents it may desire(or the purpose of rep�i[ing said pmmises and renting
<br /> : .t the same anJ collecting the rems,revenues and income,and it may pay ouc of said income all expenses of repairing said premius and necessary
<br /> commissions and expenses incurred in renting and managing the same and of collecting rentais therefmm;the balance remaSning,if any,to be � �. . �
<br /> applied tu�vard ihe discharge of said mongage indebtedness;these rights of ihe nrortgagee may be exemistd at any time during the existence of sach �
<br /> de(aWt,i�respectivc o(any temporaq•wairer of the samc. � � � � . y
<br /> _ These Presents,hou�ever,are upun the Cundition,That i(the said�tortgagor shall rcpay said]oan on or before the maturity of said shazes by � � � � 7
<br /> payment;pay monthly to said ASSOCIATION uf tt�e sum specified in the Hond secured hereby as inteeest and principal on sxid loan,on or 6eCorc �� � .�_ �
<br /> the Twenlielh day of each and every month,witil said loan is fully paid;pay all taxes and assessments leried xgainst said premiscs and on this Dlortgage � � � a
<br /> and lhe Dond securcd thereby,before delinyuancy;tumish appmved insurance upon�he buildings thereon in the sum of S 3�25Q.QQ payable �
<br /> to said ASSOCIATION;repay to said ASSOCtAT10N upon demand all money by it p�id for such taxes,assessments and insurance wrth interes[at� : . �
<br /> �he maximum legal rate thereon trom dale ot payment all of whicL Alortgagor hereby agrees to pay;permit no waste on said premises;keep and wmply � - . � �
<br /> with all Uie agreemcnts and conditions o(thc Sond(or 5 3,25�.�� this day given by the said Afortgagor to vid ASSOCIATION,and comply
<br /> with all thc requirements of ihe Constitution and I3yLaws of said ASSOCIATION;ihen theu presents shall 6ecome null xnd void,otherniu they
<br /> s!vfll remain in(ull force and m�y be foreclosed at the option of thc said ASSOCIATION a(ter failure ior three months to make any of said
<br /> - paymen[s or be three munths in arrears in making said monthly payments,or to kecp and comply with the agreements and conditions of said Bond; . . �
<br /> ; j
<br /> and Dtortgagur agrees to liave a receiver appointed Corthwith in such foreclosure proceadings. � �
<br /> If thcrc is any change in ownership of the real estate murtgaged herein,by sale or otherwise,then ttte en[ire remaining indebtedness hereby � .
<br /> secured shall,at the op�ion of The Equitable Building and Loan Associatiun of Grand Island,Nebraska,become immediately due and payahle utithout
<br /> lurther no[ice,and the amount remaining due under said bond,anJ any other bond for any additional advances made thereunder,shall,from the
<br /> date of exerciu of said option,bear intercst at[he maximum legal rate,and this mvrtgage may then be foreclosed ro satisfy the amount due on said
<br /> bond,and any other bond for additianal advances,together with all sums paid by said The Equitable Building and Laan Association o(Crand[sland,
<br /> Ne6raska for insurance,taxes and assessments,and abstracting extension charges,with interest thereon,from date of payment at the maximum
<br /> Icgal rate.
<br /> As pruvidtd in the Bond secured hereby,while tlus mortgage remains in effect the mortgagee may hereafter adwance additional sums to the
<br /> ' makers ot said Bond,tlicir assigns or successors in interest,which sums shal!be within the security o(ihis mortgage the same az the funds originally .
<br /> -�� securcd thtreby,the�otal amount of principal debt nol to exceed at any time the original amoun[of this morlgage. � -
<br /> Dated this lOt,t�u ��� 5 February �.0..1�77
<br /> ✓ ,f�.e1
<br /> t�rr o �/
<br /> �
<br /> Mary C. ordes
<br /> STATE OF NEBRASKA, ss. On this lOtfl day of February 19 7� ,before me,
<br /> COUNTY Of HALL�
<br /> ' � the under�igned,a Notary YubGc in and for said County,personaily came ``! *"
<br /> ; Larry J�`Cordes and Mary C. Cordes each in his and her own right an�oas SaOeSPersonaley�,o�to +� ' '� ` �'
<br /> � other • �
<br /> me 14�e�hr�3eQ{� n S whose name s are atfixed to the above instrument as mortgagor S and they :everally �, t�
<br /> a ow�pd'gqcLY 'sa�d�s ont to be thei r voluntary act and deed. I�
<br /> 7�`_ . ..'.�,. c�
<br /> f ,.•�� Ni1�L•SS y hand and Notarial Seal the date nforesaid. �
<br /> 'rj' COt�Qv,fi'�.�JC� 'onexpira (� �'' �a(1 o i•, - `\ o�� �
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