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<br /> 77' f)Q3911 .
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L � 1
<br /> KNOWALLMENBYTHESEPRESF.NTS:That Vaden L. Loper and Lois I. Loper, C'dC{l lI7 f1lS and her
<br /> rown right and as spouse of each other,
<br /> Mortgagor,whether one oc more,in consideration of the sum of
<br /> Eleven Thousand Eight Hundred and No/100-------------------------------------- DOLLAxs
<br /> loaned to said mor[gagor by.The Equitahle�Building and Luan Association�of Grand Island,Nebraska,Mortgagee,upon ���$ �� shares of stock of
<br /> said ASSOCIATION, Certificate No.L 22 s��'1 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> � . . described.real�estate,situated in Hall County,Nebraska: � �
<br /> FRACTTONAL lOT THREE (3) IN FRACTIONAL BLOCK
<br /> ONE HUNDRED TWENTY-FIVE (125) TN UNION PACIFIC
<br /> RAILktAY CQA'IPANY'S SECOtiD RDDITTON, RND ITS
<br /> COMPLEMENT, TO-WIT: FRACTIONAL LOT THREE (3),
<br /> I:N FRACTIONAL BLOCK TNfO (2) IN RUSSEL WHEELER'S ADDITION,
<br /> BOTH BEZNG ADDTTIONS TO THE CITY OF GRkND ISLAND,
<br /> HALL COUNTY, NEBRASKA.
<br /> together with ell the tenements,hereditaments and appurtenances thereunto belongi�ig,including attached floor coverings, all window screens,
<br /> . � window shades,blinds,storm windows,awnings,heating,air condi[ioning,and plumbing and water equipment and accessories there[o,pumps,stoves,
<br /> .. refrigerators,and other fixtures and equipment now or hereaRer a[tached[o or used in connec[ion with said real estate. �
<br /> . And whereas the said mortgagor has agreed and does hereby agree that the mortgagor.shall and will pay all taxes and assessments levied or
<br /> assessed upon said premisns and upon this mortgage and the bond sec�.{�d t greby efore the same shall becorne deiinquent;to furnish approved
<br /> . . insurance upon the buildings on said premises situated in the sum of b I�,��1�.�� payable to said ASSOCIATION and to deliver to.said
<br /> � � ASSOCIATION the policies for said insurance;and not tu commit or permit any waste on or abou[said premises;. . � �� .
<br /> . In case oC defauit in the perfurmance of any uf 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, transfers and sets over to�the
<br /> mortgagee a11 the rents,revenues and irtcome to be derived From the mortgaged premises during such time as the mortgage indebtedness shali remain
<br /> . . unpaid;and tlte mortgagee shall have[he power to appoint any xgant or agents it may desire for the purpose of repairing said premises and renting
<br /> the same and wllecting the rents,revenues and income,and it may pay out of said income all expenses of�repairing said premises and necessary
<br /> commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any,to be
<br /> � applied toward the discharge of said mortgage indebtedness;these rights oC the mortgagee may be exercised at any time duting the existence of suclt� �
<br /> � default,irrespective of any temporary waiver of the same. .
<br /> . These Presents,however,are upon the Condition,Thet if the said Mortgagor shall repay said loan on or before the maturity of suid shares by�
<br /> payment;pay monthly to snid ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before�
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied agains[said premises and on this Mortgage �
<br /> and the Bond secured thereby,before delinquency;Curnish approved insurance upon the buildings thereon in the sum uf$���HOO.OO payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid fo�such taxes,assessments.and insurance with in[erest�at
<br /> � . the maximum legal rate thereon from date of paymen[all oF which Mortgagor hereby agrees[o pay;permii no wasYe on said premises;keep and comply
<br /> with alt ihe agreemen[s and wnditions of the Bond for$�� 800.�Q this dxy given by the said Mortgagor to said ASSOC[ATION,and comply
<br /> � � with all the requirements of[he Constitution and By-Laws ot�sa�d AS bCIAT10N;then these presents shall become null and void,otherwise they�
<br /> � shall remain in full force and may be foreclosed at the optiun of the uid ASSOCIATION after�failure for three months to make any of said
<br /> puyments or bt three months in an�ears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond;
<br /> and M�rtgagor agrees to have a receiver appointed forthwith in such foreclosure procezdings.
<br /> If there is any change in ownership u(the real estate mortgaged herein,by sale or offienvise, then Che entire remaining indebtedness hereby
<br /> secured sha13,a[the optioo of The Equitable Building xnd Loan Associatiun of Grand Island,Nebraska,bewme irnmediately due andpayable withou[
<br /> � � further notice,end the amouni remaining due under said bond,and any other bond for any additional advances made thereunder,shalt,from the ' -
<br /> date of exercise of said option,bear interest ar Uie maximum legal rate,and[his mortgage may then be foreclosed to satisfy the amounl due on said � � . �
<br /> bond,and any other bond for additional advances,togeiher with all sums paid by said The Gyuitable Bullding aad Loan Association of Grand Islnnd, � �� �
<br /> Nebraska for insurmice,taxes aad assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum �
<br /> . legal ra[e. � ��
<br /> � As provided in the Bund secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance addi[ional sums to the � .
<br /> � makers oC said Bond,their assigns or successurs in interesl,which sums stiall be within the security oF this murtgage the same as tl�e funds originally
<br /> secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage. ��
<br /> Date t is IZ'th of July J . A.D.,19 7�
<br /> ����� ���
<br /> yaden L. Loper Loi s I. Loper
<br /> STATE OF'NEBRASKA,�
<br /> � � � ss. On�this 12'th dayof July 19�� ,beforeme, . �
<br /> COUN3'Y OF(-IALL �
<br /> ' � . . � � the undersigned,a NoLary Public in and for said County,personally came � •'a^� '" ""
<br /> . . . . . . . . . . y 4
<br /> � Vaden L. Loper and Lois I. Loper, each in his and her own right ar�Uasars,�ouse�e$�,auyknownta � �;y :sw,`'
<br /> � �.. td�e� erson S. whose name S� � . � affixed to tlie above instrumen2 as mortgagor S and they severally � � � '� �
<br /> a�q�w�jk�eQt�dSaid i rument to be tft2l 1" voluntary act and deed. �h��
<br /> :�C+ ' ' �N�,TN my hand and otarial Seat the date aforesaid.
<br /> � NOTl1RY � � � � 1� �
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<br /> i EX?+RES :
<br /> .�l g� Notary Pub6c
<br /> -��Si'� 31��;r'�Q�
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