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<br /> M02TCAGE
<br /> . AfORTCAGHL0ANN0.� 22,550
<br /> KNUWALLr1ENBYTHESEPRESENTS:That Harold G. Gade and Alice Gade, each in his and her own
<br /> � own right and as spouse of each other
<br /> htortgagor,whether one m more,in consideration of the sum of
<br /> `' "` S9xteen Thousand and No/100------------------------------------------------------ nou.Aks
<br /> ; � loaned ro said mortgagor by'the Gquitable Building and Loan Associatiai of Gcand Isfand,Nebraska,htortgagee,upon 16� shares of stock of
<br /> ` said ASSOCIATION,Certificate Nu.L 2Q,550 ,do hereby grant,convey and mongage unto the:aid ASSOCIATION the foltowing
<br /> , , described mal estate,siwated in HaII County,Nebruska:
<br /> LOT ONE (1) AND THE EASTERLY ONE-HALF (z) OF
<br /> LOT TlJO (2), IN BLOCK THREE (3), IN DROWN'S
<br /> AD�ITION TO ALDA, IN HALL COUNTY, NEBRASKA.
<br /> together wilh ail the tenements,hereditaments and appurtenances thereunW belonging,inctuding attached iloor coverings,all window screens,
<br /> window�tmdes,blinds,storm windows,awnings,heating,air conditioning,and plumbing and watcr equipment and acceswries therero,pumps,smves,
<br /> + refrigerator5,and ather fixtures and equipmrnt now oc herea(rer attached to or used in connection widi said ceal estate.
<br /> And whereas the said mortgagur has sgceed and does hereby agree[hat the mortgagor shatl and will pay all taxes and assessments levied or
<br /> assessed upon said premises and upon this moetgage and d�e bond secured thereby before the same shall become detinyurnt;to furnish approved
<br /> insurance upon the buildings on said premises siwated in the sum uf 3 IE��0�.�� payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the poficies tor said inturance;and not to commit ur permit any waste on or about said premius;
<br /> a In case of de(ault in the perCormancr of any of the terms and conditions uF this mortgage or the bond secured hereby,the mortgagee shall,
<br /> . � on demand,be entitled[o immediale posussion of the morlgaged premiscs and the mortgagor hereby assigns, trans(ers and sets over [o the .
<br /> mongagee all the rents,revenues and inwme to 6e derived frum the mortgaged premises du�ing such time as the mortgage indebtedness il�a(1 remain
<br /> unpaid;and the mor�gagee shall have thc poa�ec to appoint any agcnt or agen�s it may desire for the purpose oC«pairing said premises and renting
<br /> the same and collecting the rents,revenues and income,and it may pay out of said incume all expenses oC repairing said premises xnd necessary
<br /> commisions and exprnus incurred in ronting and marmging the seme and oC collecting remals thercGom;the balance remaining,if any,to be � � � � . ;
<br /> upplied toward�he discharge of said mortgage indebcedness;these rights of[he mortgagee may be exercised at any time during Ihe existence of such
<br /> default,irmspective o(any�emporary waiver of the same.
<br /> These Presents,however,ace upon the Condition,That if lhe said Afortgagor shall repay said loan on or before the maturity uf said shares 6y � �(
<br /> payment:pay monthly to saiJ ASSO(;IATION of the sum specified in the Nund secured hareby as interest and principal on said loan,on or befure �
<br /> �he Twentieth day of each and every month,until said loan is fully paid;pay ull taxes and assessments levied against said premises and an this Atortgage
<br /> `� and the Dond secured thereby,befure delinyuency;turnish approved insuranca upun the buitdings Ihereon in the sum of S 16�000.QQ payahle
<br /> ro said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessmenls xnd msurancc wrth interest at �
<br /> the maximum le�l rate thereon from date o(payment all of which Afortgagor here6y agrees to pay;pennit no waste on said premises;keep and comply .
<br /> with all the ag�eements and conditions of tlie Bond for 516 OOO.�� �1us day given by the said A{ortgagor tu said ASSOCIATION,and compty
<br /> with all thc reyui�cments of the Constitution nnd By-Laws of'said ASSOCIATION;thcn these presenu shall become null and void,othenvise they
<br /> shall remain in full foree and m:�y bc(oredused at thc op[iun oC the said ASSOCIAT[ON aFter failure for thme months to make any oi said
<br /> - payments or bt three moNhs in arrears in making said monlhly payments,or to keep and comply with the agreements and conditions of sxid 8ond; � .
<br /> and Aiortgagar agrees to have a cearivrr appointed fucthwith in such lorecloture proceedings. .
<br /> if d�ere is any change in uwnership uC the real estate mortgaged herein,by sale or othenvise,then the entire remaining indtbtedness hereby . �
<br /> secured shall,at thc option of The Equita6le�uilding and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> � further notice,and the xmount remaining due under said bond,and any othe�bond for any additiunal advances made thereunder,shall,fmm the
<br /> date of exercise o(said option,bear interesl at the mnximum legal rate,and this murtgage tnay then be foreclosed ro s3tisfy the amount due on said
<br /> bond,and any olher bond for additional advances,together with all sums paiJ by said The Equitable Building and Loan Association o(Grand Island,
<br /> Nebraska for insurance,taxos and assessments,and absuacting cxtension cha�ges,with imerest thereon,Irom date of payment at the maximum
<br /> legal�ata .
<br /> As provided in the Iiond ucured hcreby,while this mongsge remauu in eflect the mongagee may hcreafter advance additional sums to the
<br /> makers of said Bond,their assigns or successors in intems�,which sums shall be within the security o(this mortgage the same xs the funds originelly
<br /> secured Q�ereby,the total amount of principal debt not to exceed at any time the originat amount of this murtgaga.
<br /> /t�aiwt 22 d�Y�`� /, february n.n.,i���
<br /> c�.,�,• � - '"�I rE�-F
<br /> Ha o d G. Gade,��
<br /> ��l y,'.. l-1. !J�
<br /> Alice Gade
<br /> ; STATE OF NEBRASKA,�ss. On thi: 22nd day of Februa ry 19�� ,beforc me,
<br /> ' COUNtY OF HALL
<br /> ? the wdersigned�a Notary Public in and for said County, ecsonally came -.:t,�
<br /> Harold . Gade and Alice Gade each in his and her own right and as spouse of eac�i other � '
<br /> � �,•,' MC/ who dre Perwnally known to - ' �
<br /> L ��.1E dp�. son S whox nam� are affixed ta the ahove instrument as moctgagob and they se�•erally �
<br /> a �dged'tf4��¢id in ument to be thei r voluntary act and deed. �
<br /> �IJOTARY W,�` my hnnd and Notazial Seal the date a(oresaid. r
<br /> �s COtIXP R��yxo ission expires( �` (�c� �
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<br /> U�31,�5 Q' �;otaryFublic
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