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<br /> +�oKTc,�cc i.onN tio. L 22,589
<br /> f:hOWALL:IIL'NBYTHESE}'R1:SBNTS:That Kirk B. Benson and Linda Y,. 8enson, each in his and 'ner i
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<br /> own right and as spouse of each other, ;
<br /> � `� t�tortEagor,whtlher one or more,in tonaderation of the sum of � . �
<br /> Thirty-eight 7hous�nd Four Hundred and No/100------ ���L���
<br /> loaned to said mongagor by The Equitable Building and Luan Association of G�and lsland,!:ebraska,�tortgagee,upon 384 shaas of stock ui
<br /> said ASSOCIATION,Certifipte No.L ZZ,589 ,do hercby�ane,conve�� end mortgage unm tha s�id ASSOCIA'CION the foilowing
<br /> deuribcd real estate,siroated in}lall County,\ebmska:
<br /> THE SOUTH fORTY (40) FEET OF LOT SEUEta
<br /> (7) AND THE tdORTH FORTY (40) FEET OF LOT
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<br /> (6), IN BLOCY. SIX (6), IN BEL AIR ADDITION
<br /> TO THE CITY OF GRANO ISLAND, NEBRASKA
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<br /> togethnr with all die tenements,hereditaments and apputmnances thereunto beloneui�,induding attached i.eor covaing,s,a3J window s;;eens, ". � � ��.
<br /> windou�shadts,blinds,storm��indow�s,awnings,heating,•sir.ronditioning,and Plumbing znd�eater equipment and a:ctswries t!;ertto,pumps,sto�xs. � � .
<br /> rctricer�ton,2nd other fixtures and equipment now or hereafter attached to or used in wnnaction u�ith said re�l eaata . �
<br /> And ahcreas tht said morte,aeor has a�eed snd does here6}•aeret thai the:rort�gar sh�ll snd wjjf P2y 3�I tiCe:ia��i a�::ssments I:vied o; . . �
<br /> assessed upon said premises and upon this morteag�and the bond:rcu:ed eh:rebv beio:e the ttme shall bzcame dzuitGctrt;.o;urniiii appro�ed � �� - �
<br /> - insurance upon the buildings on said prtmises situated in th^sum oi S 38�4��.�� p:+}'a61e to <_aid .\S50('[ATIL'� :,nd to deli�Kr to s2id � . ��
<br /> ASSOCIATIOV tlte policies for said insueance;snd not io cnmmit or permii any waste on or about said prer.risez; . �
<br /> �� In case of dofault in the periormanca of any of the terms snd conditions of this mortp3ge or th:bond secered?urcby,iht mong:.�ee shall, � � -
<br /> � on dem�nd,be entiiled�o irtunediate poss:ssion oi the mon�ged premars and the morieagor htt:6y sssicr:s, t;arsier< and s:ts otitr to thr � � �
<br /> morteagee ail tlie mnts,re�nnue:and incane to be drrived from the moneagtd premixs dunne such time as the mor[eage Indebmdneu shall ttmxin
<br /> 3'� -� unpaid;y.d the mortgagee slull hatiY th:po�ver to appuint ar.�•agent or agents it may desire tor tNe purFruu oC repaiting said pmmisos and:enting � � .
<br /> � [he sama ar.d cnileceing the ients,rcvenuas and income.snd it may pay out o(mid incom_ all expenses of�epa"uine said premises anQ necessary � �
<br /> - commissions and expenxs incuued in rentine and maraeine the s_mr and oi rollating mnt�ts therefrom;the balantt remamin¢,ii iny,[o he
<br /> � apptied tow�ud t;c dixhargz ai said morte;@e indzbtedntss:thrsa rSs•hts uf the mort;aere m���be cxercimd a:any time during the existen;e oi such
<br /> t� deiault,irres,r„�i�Y of any temporary a•ai��er oC the ssme. ,
<br /> �� � Thesr Prexn[s,F.ou�e�er,zre upon the Condition.Th�t ii;he said!dort�.zor slull iepay said io�n on o:beiom ihe:cu[urfty of z.i6 s'rares hy
<br /> � payment:p�p mon!'rdr tu said ASSOCIAT101 oi ehr sum s;er:ficd in the Bond v_c;i:ed hueby ss interes;and prvicipal en said loan,on or befoce
<br /> the Te'rnueth day of each and e�•:n•month.until s:uid luan is fully p�d:pay a11 t�xzs and ssstssments 1_tiied acainst�id premises aad on tlus�tort�ee
<br /> . and the Bond�ceied tfiercby�,belore delinyuen��;fumiih appro��ed insurance upen cnr�u�dir.gs cherron�n Lhe sum oC 5 3��'���.�� payanle
<br /> t to s3id ASS(K'!AT[0\:iepay to�id:1SSOCUITIOV epon d:^und_ll monev by i:p�id(or such taxes,assessments ar,d ir.suran.e�rith mtues:at
<br /> � the ma�cimum 1eex:rate thrreon trom date oi pa��mrnt all oi�.�4.ich 5lortgagur t;ereby aectes to pay;necrrdt r,o H�;ste on said premises:koep and.-omp:y
<br /> � with all the ae�eem:nts and conditions uf the pond to�5 3S p 4 V O.00[F�S i�3.��ven b�che vid�lott3ago:i�s.id ASSO(:IATIO\.ar,d�vmple �
<br /> _ •a�it}�all the requ'uer.xnts of the Constitutien�.��By-Laws ot said.LSSOCIATIDV:thrn tncsz presen�s:iv�ll 5:come null zrd��oid.ot;eru•�s:�ho}�
<br /> � shall remain in fu11 Focce znd may be(orcc:oxd 3t the opeion oi thr said ASSOC1AT70\ aiter fzilure for ttuee r.�oaths to mske a�y a!:aid
<br /> paym:nts or be three months L�umus ia:naY.ing said monthly payments,ur to keep and compiy•a�ieh tho aueements znd condi:ior.s of�id}30:d:
<br /> � and 5fortga¢ar agrees to hace a re:.eii�er appointed ferthu�iih m:uch foreclusurr ptoaedir.zs.
<br /> � If th:r:is any ctunge in ou•ne�ship oi ihe real estate murt�ged h^:ein.by saie ur utherwisr,th:n c6e entve remaining z�debtedr.e:s herehy
<br /> ?� � xcured srtall,at the option of 7he Equiteble Buildin¢and Loan Assocutinn ot GranG IiLand.\ebra�}:a.berome is.medi�tely due W�d�y�ble without
<br /> . furthrr nutia,and the amount �emaininc due und:r said bond,snd znc oiher 6ond for any addilional au�ances r�vC�thereunder,shall,from t,`,e
<br /> datt of zxercise nf said option,beac interest at the ms�imum:e�l rate,snd ihis mor�eaee;na�•ehen be foreclosed to satisi}•the unount due on said
<br /> bond,and:m•otl�er bond for additional adsances,together w�ith zU sums psid 6y s,vd The[ucitable Bulunp xnd Lean:�Lwca[ion oi G�and Isisr:d.
<br /> i \ebrasta to;insurance,tazes and assessments,znd abstrsctin¢extension cnaren,w�i[h intercse :hercen, from date oi pap:nent at tne maximum
<br /> i,� I:galcace.
<br /> :1s p�o+ided in�he[lond secured hereby,•a�hila this mortgagz runains in e.fect the murt�ra r.vay herealmt xds:.rce addittonal iums m thr
<br /> f:, mxl:ers nf said Bond,ihe'v asr,er.s or successorn in imerest,uh9ch sums snxll b^u�nhin the security ot:h�s mori�¢e the sune as the fur,+u oriunnlly
<br /> secured theaby,the mtal amount of pnncipa!debt not to exceed at am•timr the uriginal amount of this monrzge.
<br /> Dated this 25Lh day of t4arch �.ll.�y �]
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<br /> /Cw���G..,,_. � j �-�i 1CC_ .--��� /J.-� 1� iG�("
<br /> Y.�rk �Benson Linda Y.. Benson
<br /> SfATE OF NEBRASF:A.l Ma rcn
<br /> COUh'fY OF HALL f ss. On this ZSt� dsy oi 19 �� ,befur:me.
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<br /> Kirk B. Benson and Linda K. Benson, eacn in f�f�' �ti�`'fi�e��+frr��'�h'��at�Ef"a� ���`3`f`�`aCW= ~ N .;'
<br /> other •„n� are pe�y�n711}�knar��nto �,
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<br /> nx to bt the idmcical person S µ'hou name 5 dl'2 affued ro the_bose irst -.ent as m neagor 5 znd they seti�rsll�� �"w.,,, -
<br /> :vluntary act snd deed. � i ^' -�` �
<br />""��` acknouledgsd the said inscrumen�.to be thei r ,
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<br /> """��� �� HiTtiFSS myhand and\owial Seal the d3ta afo:csaid. l , .
<br />�- b1y Comm�ssion rz ues � �C� '. ..
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