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<br /> MORTGAGE
<br /> MORTCACELqANNO. L ZZ7�H
<br /> KNOWALLMENBYTHBSEPRESENTS:That A�dtt H. N75S8t1 aYld SI1dY'Or1 H. Nissen, each in his and her
<br /> ' � own right and as spouse of each other
<br /> ' ________Mortgagor_whether one or more,in consideration of the sum oF
<br /> � Fifty;Thousand And No/`100----------------- noLLa�zs
<br /> loaned to said mortga�or by The Equitable Building and Loan Association of Crand Island,Nebraska,Mortgagee,upon 5�� shares of stock of
<br /> = said ASSOCIATION,Certificate No. L 22��$ ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> ��described real�estate,situated in Hall County,Nebraska: � � .
<br /> LOT TWENTY-THREE (23), IN BLOCK FIVE (5), IN ASHTON
<br /> PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA.
<br /> and
<br /> LOT TWENTY-FOUR (24), IN BLOCK FIVE (5), IN ASHTON
<br /> PLACE, AN ADDTTION TO THE CITY OF GRAND ISlAND, NEBRASKA.
<br /> �� toge[her wiih all the tcnemen[s,heredi[aments and appurtenances[heraunto belonsing,including attached iloor coverings,all window screens,
<br /> window shadas,blinds,storrn windows,awnings,hea[ing,air wndi[ioning,and plumbing xnd wxter equipment and uccessories[here[o,pumps,stoves,
<br /> � refrigera2ors,and other fixtures and equipmen[now or hereafter attached to or used in connection with said real estxte:
<br /> � �And.whereas the said mortgagor has agreed and does hereby agree tliat the tnortgagar shall and will pay all taxes and assessments levied or�
<br /> � � assessecl upon said premises and upon this mortgage and the bond secured thereby before the same shall 6ecome delinquen[;to furnish approved.
<br /> insurance upon tl�e buildings on said premises situated in the swn of S rj��QQQ.QQ payable to said ASSOCIATION and to deliver ro 5aid .
<br /> ASSOC[ATION[he policies for said insurance;and not to commit or permit any waste on or about said premises; . � .�.
<br /> � In�ease of dePault in the performance of any of the terms and conditions of U7is mnrtgage or the bond secured hereby, the mortgagee shall,
<br /> �on demand,be entiUed to immediate possession of the mortgaged premises and the mortgagor hereby assigns, trensfers and sets over to the
<br /> . mortgagee all the rents,revenues and income to be derived from lhe mortgaged premises during such time as the mor[gage indebtedness shall remain �
<br /> . unpaid;.and the mortgagee shail have the power to appoint any agent or agents it may desire for the purpose oC repa'uing said premises and ren[ing
<br /> ��the same and collecting the ren[s,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 [herefrom; the balance remaining,it any,to be ��
<br /> , c.� � �pplied toward tlie discharge of said mortgage indeb[edness;these rights of the mortgagee may be exercised ai any time during the existence of such �
<br /> . default,irrespective of any temporary waiver oC the same.
<br /> �' . ��. These Presents,however,are upon the Condition,'t'hat iC Ihe said Mortgagor shall repay snid loan on or before the maturity of said shnres by � �
<br /> , .a�. paymznt;puy monthly�o said ASSOCIATION uf the sum specified in the Bond securad hereby as interest and principal on said loan,on or befpre
<br /> , ^� � � the Twentieth day of each and every month,until�id loan is Fully paid;pay all taxes and assessmenls levied against said premises and on tlils Mortgage � . �
<br /> ; � � and the$ond secured thereby,before delinyuency;fumish approved�insurance upon the buildings dtereon in the sum of$5Q�QQQ.QQ payable � �
<br /> t,: � � to�said�ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at . ..
<br /> � � . � the maximum legai rate thereon from date of payment all of which Mortgagor hereby agrees to pay;pennit no waste on said premises;keep and comply � - �
<br /> �� with all the agreements and conditions of the Bond for$SO�0��.�� this dey given by the said Mortgagor tu said ASSOCIATION,and comply
<br /> � with all the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void,othenvise they
<br /> � � �sliall remain in full�force and may be foredosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br /> paymen[s or be[hree months in arrexrs in making said monthly payments,or�o keep and comply w-ith the agreements and conditions of said$ond; �
<br /> . � and Mor[gagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. � � � �
<br /> � . . If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,tfien the entire re�naining;ndebtedness hereby � � � �
<br /> � secured shall,at the option of The Equitabte Building and Loan Association of Grand Island,Ncbraska,become immediately due and payable without � � � �.
<br /> turther notice,and[he amount remaining due under said bond,and any�other bond for xny additionx]advances made thereunder,shall,from the � �
<br /> � � date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said -� � � �
<br /> � � bond,and any other bond for additional advances,together with alt sums paid by said The Equitable Building and Loan Associatiun of Grand Island, � � �
<br /> . .� Nebraska for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment nt the ma.ximum � � � �
<br /> � legal rate_ . . � � . � � � � . .
<br /> � � �As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the � � �
<br /> ��� � �makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally � � �
<br /> �. � secured ehereby,the total amount of principal debt not to exceed at any time tl�e original amount of this mortgage. � � � � �
<br /> pacea cn;s 11 th day of Augus t A.D.,iy 77
<br /> .i , j
<br /> � IAlan ssen ,
<br /> � ISharon N. Nissen
<br /> ' � STATE OF NEBRASKA;�ss. On this ��tfl da of /�U US t `
<br /> COUNTY OF HALI, y 9 19�� ,before me,
<br /> I
<br /> �� ' '� � '- � � the undersigned,a Notary Public in and for said County,personatly came . �•r.�"' �� �
<br /> Alan H. Nissen and Sharon H. Nissen, each in his and her own right and as spouse o each r
<br /> Otf1E'1" �.��. �� � : � . . Who dre perso�y known to � I �t5
<br /> me�t ie i��t� �sons . whose name S dY'2 affixed to the above instrument as mortgago6 and they severally
<br /> �,`''
<br /> a qivi�dgNedsfre�i �s ment to be the71" voluniary act and deed.
<br /> , .' � ���c. ..t RK�1��A',ESS y hand and Nofariat Seal the date aforesaid. ,� � �
<br />�,>, , . w ' NOTfaf219y CoTn ' on expires t��y�,'x. � Q_ . \ ,,�{�. �}�.�� . . � .
<br /> (.(JSY'M�'aSIlJN��.; +^' . Yr .J.\, \"I V"� � M � ' -._ .
<br /> EXPIRES Notary Pubiic
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