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<br /> `�7•,UQ3683
<br /> MORTGAGE
<br /> MORTCAGE LOAN N0.� 22°7?3
<br /> ' � ; KNOW ALL MEN BY THESE PRESENTS:Thxt ROtIE?2 J. POW2CS� d Sl tl J�C' p2Y'SOq
<br /> ; � � � . . __Mortgsgo';whether_one.or more,in�consideration of the.sum of�.� � . �: . � ;��
<br /> ; Five Thousand Six Hundred and No/J00------------ �o,LLa�s
<br /> loaned tn said mortgagor by The Equitable$uilding and Loan As�so�iation of Grand Isiand,Nebraska,Mortgagee,upon 56 shares of siock of
<br /> said ASSOCIATION, Certificate No,L 22�723 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the'Following
<br /> described real estate, situated in Hall County,Nebraska:
<br /> LOT OtJE (1) AND TNE NORTN HALF (N2) OF LOT TWO (2) IN BLOCK
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<br /> � ; TWO {2), THIRD ADDITION TO CATRO, NEBRASKA.
<br /> A,5
<br /> Pl.RT SHQWS RLl. Fl1LL SIZED L07S IN SRID SLOCK TO SE 50 X i.�'+0 FEET.
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<br /> YY
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<br /> ��. � ,��together with all the tenemen[s,hereQitaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> { �.. � window shedes,blinds,storm windows,awnings,heating,air conditioning,and plwnbing and water equipment and accessories thereto,pumps,stoves,� .
<br /> � � refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. .
<br /> � �� � � And whereas the said mortgagor has agreed and does hereby agree tltat the mortgagor shall and will pay all taxes and asses�nents levied or�
<br /> '{ : assessed upon said premises and upon this mortgage and the bond sec redh�},ere y beCore the same sliall become delinquenY;to furnish approved
<br /> :' � insurance upon the bu3ldings on said premises situated in the sum of 5�,6vU.�U payable to said ASSOC71AT10N and to deliver to said
<br /> F t � ASSOCIATION the policies for said insurance;and not[o commi[or permit any waste on ur about said premises; � � . .
<br /> ; i .. � � �In cxse of defautt in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> � � on�demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transCers and sets over to the�
<br /> � mortgagee�all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgxge indebtedness shall remain� �
<br /> � � - � vnpaid;and the mortgagee shall have the power to appoin[any agent vr agents it may desire for the purpose of repairing said premises and renting . .
<br /> � �.: the same and collecting[he rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary �
<br /> ' 4�� ��commissions and expenses incurzed in renting and managing the same and of wllec[ing rentals therefrom: the balance remaining,.if any,to be .
<br /> ' � � � applied toward.the discfiarge of said mortgage indebtedness;these righ2s of the mortgagee may be exercised at any time during the e�tistence pf such
<br /> f defzult,irrespective of any temporary waiver of the same.
<br /> , �} ' �.7'hese Presen[s,�however,are upon the Condition,That iC the said Mortgagor shall repay said loan on or befora the maturity of said shares by ��
<br /> `,� paymertt;pay monthly to said ASSO(.'.lATION of[he sum speciGed in the Bond secured hereby as interest and principal on said loxn,on or before
<br /> � the Twentieth day of each and every month,unti!said loan is fully paid;pay all taxes and assessments levied agxinst said prem;ses and on this Mortgage
<br /> � � ��� and lhe Bond secured ihereby,before delinquency;fumisli approved insurance upon the buildings thereon i�[he sum of SJ,EOO.OO � payable�
<br /> � . �to said ASSOCIATION;repay to said ASSOCIATION upon demand all money hy it paid for such taxes,assessments xnd insurance with interest at � ,.
<br /> � the maximam legal rate thereon fron�date of payment all uf which Mortgagor hereby agrees to pay;permit no waste on sxid premises;keep and comply
<br /> � a : . . .with all the agreements and wnditions of the Bond for$5��70�.�Q this day given by[he said Mortgagor to said ASSOCIATION,and comply
<br /> �. � . with all the requirements of the Constitution and By-Laws of said ASSOCIATION;then these presents shall become nutl and void,otherwise they
<br /> �. ��shall xemain�in full force and��may be foreclosed a[Ihe option of the said ASSOCIATION after Failare for three monihs to make any of said . � . .
<br /> payments or be three months in arrears in�rnal:ing said monthly payments,or to keep and comply with the agreemen[s and conditions of said Bond;
<br /> � � and Mortgagor agrees to have a receiver appointed forthwith in such furectosure proceedings.
<br /> .� ' IF�there is any cl'iange in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand Islxnd,Nebraska,become'unmediately due and payable withoui
<br /> ' � further notice, end the amount remaining due under said bond,and any other bond fo[any additional advances made thereunder,shall,from the �� � � �� �
<br /> r��� �� � date of exercise of said option,bear interest at the maximum legxl rate,and this moRgage�may.then be foreclosed to satisfy the amount due on said . �.� � , �. �
<br /> � bm7d,an�l any other bond for additional advances,together with all sums paid by sxid The Equitable Building and Loan Association of Grand lsland, �. � �
<br /> �:� . � � .Nebraska for insurance,kaxes and assessments,and xbstrac[ing extension charges,with interest thereon, from date of payment a[the mauimum � � � �
<br /> legat rate:
<br /> � � � ��As provided in tt�e Bond secured hereby;while tliis mortgage remains in effect the mortgagee may hereafter advance addilional sums to the � . ..
<br /> � � makers of said Bond,their assigns or successors in interest,wluch sums shall be within the security of this mortgage the same as the.funds originally �. .
<br /> �� secured thereby�,the total amounfof principal deb[not to exceed a[any time[he origina!amount of this mortgage. . . .
<br /> Dated this 3 Cy day of�v.x�.c_. A.D.,19'7�
<br /> ..� �\� � i1�rw 4 s�._�-:\�.�� x/�.._...��� � .. . .
<br /> -�nee T—�owe s
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<br /> ; STATE OE NEBRASKA,�ss. On this 3�th day of �Une 19 �� ,before me, �
<br /> '� CQUNTY OF HALL � ,
<br /> ! � � � � � . . the undersigned,x Notary Public in and#br said County,personally came � , ._ g�'
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<br /> }ZEt1C'8 �7. Powers, d 51 Y1C]�2 peY'S017 who 7 S personaily known to ?%a ;�,,,
<br /> ;� - me to be the identical person . . whou;zame 1 S . afCixed.to the above instr nt as mortgeg r and Sh2 ��� � " ��
<br /> ; ; ackaowledged the said instrument to be he1" voluntary act and deed. ��
<br /> ,. . .. ..WITNI;SS my hand and Notacial�Seal�the date afuresaid.. � � . � / � ,
<br /> ` Rxp'ues � �
<br /> ��Guvrn�lki.ilNkr•S-•' ^or.� � . �, - -
<br /> y a .. Atv4.,:.�5�A.+ UiFm,U� . Notary Pu 'c
<br /> .. ... . YNy f.om;i, Fnp.Nvv�:17..19� � ��. / �. / .Z /If�`'7 +-� � ..
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