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<br /> 77- 004831
<br /> MORTCAGE
<br /> MORTC;AGL LOAN NO. L ZZ�9�
<br /> KNOWALLMENBYTHESEPRF_SENTS:That Lawrence Juel Anderson dtld Lillian Magdalena Anderson,
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<br /> each in his and her onw right and as spouse of each other
<br /> ____ Mortgagor,whether one or more,in wnsideration of the sum of
<br /> Fifty-Six Thousand Eight Hundred ddd_NO/ZOO--- — DOLLAKS
<br /> � � �loaned to said.mortgagor by The Equitable Building and Loan Association of Crand Island,Nebraska,Mortgagee,upon 568 shares of stock of
<br /> . said ASSOCIATION, Certificate No. L Z2�9� ,do hereby grant, convey and rnortgage unto the said ASSOCIATION the following '
<br /> � � � described real estate, situated in I�lall County,Nebraska: �
<br /> PLAT OF A TRACT OF LAND COMPRISING A PART OF LOT TWO HUNDRED SEVENTY NINE (279), WEST LAWN
<br /> ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA, AND PART OF THE SOUTHEAST QUARTER OF THE SOUTH
<br /> EAST QUARTER (SE4SE;) OF SECTION EIGHT (8), TOWfJSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF `
<br /> THE 6TH P.M. IN HALC COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br /> 8�6iNNI1VG AT TkE INTERSECTION OF' THE EASi' LINE 0� GRAND ISLRNO AVENUE RND THE NORTH LINE
<br /> OF THIRTEENTH STREET IN 7HE CITY OF GRAND ISLAND, NEBRASKA; THENCE NORTHERLY ALONG THE EAST
<br /> LiNE OF SAID GRAND ISLAND AVENUE, A DISTANCE OF ONE HUNDRED FIVE (105.0) fEET; THENCE EASTERIY '
<br /> PABALLEL TO THE NORTH LINE OF SAID THIRTEENTH STREET, A DISTANCE OF ONE HUNDRED THIRTY TWO
<br /> (132.0) FEET, TO THE WES"f LINE OF AN ALLEY; THENCE SOUTHERLY ALONG THE �,�EST LINE OF SAID ALLEY,
<br /> A DISTANCE OF ONE HUNDRED FIVE (105.0) FEET, TO THE NORTH LINE OF SAID THIRTEENTH STREET;
<br /> THENCE WESTERLY ALON6 THE NORTH LINE OF SAID THIRTEENTH STREET, A DISTANCE OF ONE HUNDRED
<br /> THIRTY TWO (132.0) FEET TO THE PLACE OF BEGINNING AND CONTAINING 0.318 ACRES MORE OR LESS.
<br /> togetLer with all the tenements,heredilamen[s and appurtenances [hereunro belonging,including attached floor coverings,all window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thareto,pumps,stoves, ��
<br /> refrigerators,and olher fixtures and equipment now or hereafter attached to or used in connecliun widi said real estate. . .
<br /> � And whereas the said moagagur has agreed and does hereby agree that the morigagor shalt and will gay all taxes and assessments lev9ed or .
<br /> assessed upon said premises and upon th.is mortgage and the bond secured thereby before the same shall become delinquent;[o fumish approved
<br /> insurance upon die buildings un said prcrnises situated in the surn of S 56,8��.�0 payable to said ASSUCIATION and to delivei to said .. �. . �
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or ubout said premises .
<br /> �� In case o(default in the pedormance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shail, �
<br /> on demxnd, be entitled to immediate posmssion of tlie mortgaged premises and the rnortgagor hereby assi�ns, transfers and sets over to the
<br /> � mortgagee all ihe rents,revenues and income to be derived from the mortgaged premises during such time ss the mortgage indebtedness shall remain � �
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire fur the purpose of repairing said premises and renting � �� .
<br /> the same and collecting the rents,revenues and income,and it may pay out o( uid income all expenses of repairing said prertuses and necessary �� � �
<br /> � comrnissions and eapznses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,eo be � � � . �.
<br /> applied toward the discharge of said mortgage indebtedness;these rights o(the mortgagee m�y be exercised at any time during the existence oF such � .
<br /> default,irrespective of any temporary wxiver of the same. . . .'
<br /> These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or befure the maturity of said shares by �
<br /> � � payment;pay monthly to said 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 pxid;pay all taxes and assessments levied against said premises and on this 1Nortgage . � .
<br /> . and the Bond secured thereby,befure delinquency:fumish approved ins�n�ance upon the buildings thereon in the sum of$ 56 e8���•�� payable � � � .
<br /> to said ASSOCIATION;repay ta said ASSOGATION upon demand all money by it paid for such taxes,assessments and insurance with interest at � �
<br /> � � ihe maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply . . � � �
<br /> � with all the agreements and conditions of ihe Bond for$ 56�$QQ.QQ this day given by the said Mongagor[o said ASSOCIATION,and comply . � �
<br /> . � with all the requirements of the Constitutiun and By-Laws of said ASSOCIATION;then these presenzs shall become null and void,utl�erwise they � � � . �
<br /> shall remain in full torce and mey be foreclosed at the option of the said ASSOCIATfON af'ter failure for diree months to make any of said � � � � . .
<br /> . payments or be three munths in urrears in making said monthly payments,or tu keep and cumply with the agreements and conditions uf said Bond, '� � �
<br /> � aad Ivlortgagor agrees to have a receiver appointed forthwith in such foreclusure proceedings. � � � � � �. �
<br /> . If there is any change in ownership�f thc rcul estatc mortgaged herein, by sale or otherwise,then [he entire rernaining indebtedness hereby : �
<br /> � � secured shall,al[he option u(The F.qui[able Building and Loan Association of Grand Island,Nzbraska,become immediately due and payable without � " . �
<br /> � � further notice,and tlie amount remaining due under said bond,and any other bond for xny additiaial advances made thereunder,shali,from the � . �
<br /> date uf exercise of said option,bear interes[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(or additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand lsland, . �
<br /> � Nebraska for insurance,taxes and assessinents,and abstracting extension charges, with in[erest thereon, from date uf payment at the maximum � � �
<br /> legal rate.
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereaPter advance additional sums to the � � .
<br /> �mxkers of said Bond,their assigns or successors in interest,which sums shell be wi[hin the security of this mortgage the same as the funds originally � �
<br /> secured ihereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage. - � � �
<br /> Dated th;s 24th day or August A.D.,19 J�
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<br /> wr�nc�, ue � srson /7 r /
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<br /> Ci i l i an Ma 7 ena Anderson
<br /> STATE-0FNEBRASKA,� ss. Onthis 24th dayof August 19]] ,beforeme,
<br /> COUNTY O�HALL ^� • ,��s�
<br /> . �� � � the undersigned,a Nutary Pu6lic in and tor said Counrv,personally came � ,�.,�i y,
<br /> Lawrence Juel derson and �illian Magdalena Anderson, each in hisW��d harr,eow�er����y�n�U�c� �` �
<br /> � as spous e er
<br /> .me�to be th '` �[,geECWkp �,� whose nameS are aEPixed to the above instrument as mortgagog and they severaLy ����,�'��.
<br /> acknowle �d�t1Y�s4aidN"instPu4�n: � thei r voluntary act and deed.
<br />� � ,y> WI�'j�J�HVn tvnd a Notarial�eai the date aioresaid. , �
<br /> ��Pms�°�' � ��/��I�PU (/U�.�G�'t C�� �.,.
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<br /> s•isAa xi � �,' 12.y ,��c� Notary Public
<br /> _ � ''rIF CF hE4''?tt- �
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