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<br /> 77� �t?1156
<br /> n�oxrcacE
<br /> �+oarcace�.onn no. L 22,574
<br /> `�r
<br /> xtaownu.aieNsvniessexFSErrts:rnsc �ohn 0. Bates and Sharon K. Bates each in his and her
<br /> i�
<br /> awn right and as spouse of each other •
<br /> ;, __ A�ortgegor,Wimther ona ar mo�n,in consideraUon of Q;c swn of: f
<br /> Twenty Thousand and No/100---------------------- -------------------------
<br /> ---Do�tntts
<br /> lusned to said mon�gor by The Equivable Buildin�snd Luan Associatiai of Grand[sland,Nebreska,Murtgagee,upan ZOO :h�res of stuY�Ic oC
<br /> ssid,�SSDClA110N,Ceriifinte Nu.L PZ,57Q ,do hercby grant,�romn�snd mortgage unto the said ASSOCJATIOr tlze fuAawing
<br /> described real euatc,�ituated in Hsll County,Neb�aska:
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<br /> ' _ THE EAST HAIf OF TNE SOUTH NALF (E� of S;j Of
<br /> LOT 1W0 (2) OF UANTINE'S SUBDIVTSION, ON A PART OF THE
<br /> NORTMJEST QUARTER OF SECTION TIdENTY TW0 (22), TOtJNSNIP
<br /> ELEUEN NORTH, RANGE NINE (9) WEST OF THE 6TH P.M. GRAND
<br /> ISLNND, NEBRASKA.
<br /> togetlier t�1th ali the tenements,hercditaments and appu�tcnsnce:tharcimto beluneinc,including attached floor ai�trings,all u•indow s,�tetns,
<br /> window sliades,blinds,:torm winduws,a���nings,I�eatine,air conditiuning,and plumbing snd���atu equipment and accessories thercro,pumps.scovea.
<br /> rcfriger�tors,a�id uther fixturcs a�id equipment nmv or heresfter atea;hed to or uud in connection aith said�eal estate.
<br /> And ahereas the aid mortgagor hat agreed and does hereby agrce thac tha mortcacor shall and�cill psy ai!taces and axnmcnts le�ied or. . . � �
<br /> assessed upon said premises and upon this monF.ge snd the bond szcureS thereby brforc the samr s}:all become deGnquan4 to furni�li appro�rod
<br /> uuurana upon the buildings on ssid prcmius siwated ui the swn o(5 2Q�000.QQ �3\'3bIC lU said ASSOCIATION snd to detitiror to said
<br /> :1S50C'I 1TTON thr p�ilicies for stid insurana;and not to cvmmit o�permit any waste on or n6out said premises
<br /> !n case of deCault in the puiorn�nnce otany of the terms and conditions oi this mortgage o�the bnnd secund hereby,the mortgagee shnll.
<br /> on demand,6e rmided to immediate posxssion ut the monFa�ed premixs snd the murtgse�r herc6p assigns, mnsiars and u[s over to thc
<br /> mort�agee all thc crnts,mvenues snd inrnme to be deri�rcd irom the mert�gad premiva during such time as the murtenge indebtcdness shall nmain
<br /> unpaid;and thc murtesgee shsl!ha�•e iftie po�rar to appoint any aFm[or agents it m�v dos'vo for thc purpou of repairi2c said pttmises and renting� � � . .. " � .
<br /> the�me 3nd coiltt�ing the renu,rt�enues and incemr,and it may pa��aut ot s:�id 'vimme alt espenus of rep�iring svd pmmises and na^assarv .
<br /> contmimons and eapenus incurred in�enting and managing the s:me and of collecting rcntals thereirom:the �nlance renuining,it am•,to be �
<br /> ; : applied mx•srd the dis.harce uf ssid mongage indebtedness;theu ri�llls ot the mungagee ma��be exercised at any time dudng the taistentt ot`suc3t
<br /> default,irrcspeccire oi an}�temporary e�ai�er of thc samc. � ���
<br /> Theu Preunts,ho�ccmr,are upon tha Condition,That If thc ssid 1Suctea�or shall repsy uid loan on or beforc the tn+turitv of s�id shares by
<br /> �� p�ymcnt:pay rnonthly to taid ASSOCIAT(0\of tf�c svn specified in the Bond sec�red hereb�•as mtemst and p�incipsi on said loan,on or beforc � .
<br /> :he'T��'cNieth day et each and e�en�month,until said loan is(ulh�p;tid;p�y�all tascs ti�d asstssmenis le�ieS�gamt[said premues and on Ihis\tortgage
<br /> an3 thc Bond srcurcu thcmby,be(ure dclinyuency:furnish approvcd inmrance upon thc bu�dings thereun in th:sum of 5 ZO�Q��.0� payahk . - �.
<br /> ... to said;�SSOClATIOV:«pey tu xaid ASSOC(ATIOV up�m demsnd all muner 6y it psid tor such taxes,aurasnunts snd iasurana���ith intemst a[ - � �
<br /> �,� the ttt�imum Itial raie thtrcon from date ot payment all ol�ehith�tocegagor he�eby accees ta pay:petmit no�vsste onsaid premir.s;kecp and mmpl�� �
<br /> u ith all die acrecments anJ rnnditiuns uf ilm$ond fur 5 2O����.OO iliis ds��qit•rn b}•the s�id�torc�gor to said ASJOCIA'ft0�,and cumply
<br /> H i�h all thc requucments of thc Consei�ution and Uy-Lau s of ssid ASSOCIATIO�:then thcu pre:ancs shall become nul!and�vid,uthernis:they
<br /> � , sl�all micuin in(ull furca anS may bc foreciosed at tho option ot thc ssid ASSOCIATION after failure for ttuec mondis to m�e sny of said �
<br /> � p3yments or 6c th�ee munehs in aatars in nu}:ing said mm�thly payments,or to keep and cumply�cith the sgreemcnts and mnditions of ssid Bond: - �
<br /> ;'�� ;nd 11m�gagor acrces to h���r a receircr appninted(urth�eith in such forecl�sure proaedings. � �
<br /> � II there ii any change in mvnerthip ui the rexl es;�te mcirteaged hercin,by�le oe od�enviu.ihen the entice rcmtining indtbtedness herc6y . �
<br /> xcured shali,at the opiion of The Equitable Duilding and Loan Association oC Grand Island,'�rbiasl:s,become immeSiatel}�due and papabteµithoui
<br /> - further notir.,and the amuunt rem�ining duo wtder said bond,and anv u�ha�bond for any addition�l ad�ances made Qurcmtder,shall,from the �
<br /> .. date of ezc�ciu oi said op�ion,haar interest st ihe maximum legnl rate,and this murtgage may dicn be furcclosed ro s�tis(y the amount due on aid
<br /> bond,anJ sm�uiher bond for additional advances,rogeiher with all sums p�id b�•said Th:Equitsble BuddinE and Loan Association ot Gnnd Island,
<br /> \tbrnska iur in:u�anca,taxu�nd assessments,and a6str�cting estensimi cha�ges,�vith intercst therran,Crom date of payment at the ma�um¢m
<br /> . le¢sl rata �
<br /> � :1s Pro�ided in tlie Bond ucuttd he�eby,wi�ile this mortgage cemains in el7ect the mortgsgee may herrsCtat ad�zntt addilSoi�l se:ms tu ehe
<br /> makers ot said Bend,their asvgns oe succeuu�s in imuen,Hhich sunu shail be�yithin the ucurit�oC this mortgage the ssmo as the funds o�iginxlly
<br /> � secured thettby,the total amount of prinripal debt not to esceed et any time the on�inal nnweat of this mortgaca .
<br /> ' Date his 3rd .� dayot Mdt'Ch p.p„�yj?
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<br /> n, . a es �Zl
<br /> �r:-
<br /> 2 Sharon K. 8ates
<br /> STATE OF NEBRASIGI,i u On this da}•o( ty bcCure me,
<br /> COUA'TY OF HALL I 3rd March 77• �E ,
<br /> the undertigned,a Notsp�Publi:in and for said County,personally pme � t `
<br /> John 0. Bates and Sharon K. Bates.,each in his and her own ri ht and as spouse of each other �Nr ',�
<br /> , �� �. � � � , �4 �cnu d re FxrwnaIly►no��n ro � t�
<br /> ux to be the identical personS +chou narncS 0P2 , affixnd to the a6o�c instrument as mort�or S and th2,V meerslly '
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<br /> � acknox�l:dged�he said instrument to bc thetr:•'.�����,,,,,,ry.,�t,,,a,aMa. _ . �
<br /> R. N1TfIhSS my hand and NOtaiist Scsl ti�e date afoftsvd i �
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