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<br /> MGRTGAGE
<br /> MORTGAGG LOAN N0. L ZZ�H46
<br /> i �owwLL�tENSYTxESEPn�sEr.rrs:Tt,a: Earl Ray Rowell and Jean E. Rowell, each in his and
<br /> ` her own right and as spouse of each other
<br /> � � �� � � � � � _Mortgagor_whe[her one or more,in consideration of the sum�of "
<br /> Twenty Nine Thausand Six'Hundred and No/100------- ---------------p;,;,LA�s
<br /> loaned to said mortgagur by The Equitable Building and Loan Association of Crand Island,Nebrast<a,Mortgagee,upon 296 shar�s of stock of
<br /> said ASSOCIATILIN, Certificate No. L 22�846 ,do hereby grant,convey and mortgage unto [he said ASSOC[ATI4N the following
<br /> described rea! estate,situated in Hail County,Nebraska:
<br /> - LOT ELEVEN (11) IN B!OCK TldO (2) IN
<br /> LAMBERT'S SECOND ADDITION TO THE CITY OF
<br /> C,RAND ISLAND, NEBRASKt�.
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<br /> together with all the tenements, hereditaments and appurtenances thereunto belonging,including attached floor covering�,all window screens,
<br /> � window shades,blinds,sturm windows,aw�nings,heuting,air conditioning,and plwnbing and water equipment and accessories thereto,pumps,stoves,
<br /> � '�reGigerators,and other fixtures and equipment nuw or hereafter attached to or used in cunnection with said real estate. . . . �
<br /> � � � An3 whereas the said mortgagor hes agreed and dues hereby agrce that the mortgagor s•hall and will pay all taxes and assessments tevied or
<br /> � � assessed upon said premises and upon this mortgage and the Uond secured [hereby before :he same shall become delinquent;to furnish approved ,
<br /> � insurance upon thc buildings on said premises situated in the sum uf$Z9,6��.U� payable to said ASSOCIATION and to deliver.to said
<br /> � ASSOCIATION the policies for said insurance;and not to commit or pecmit any waste on or about said premises; .
<br /> �� ��� � In case of default in the performance of any of the terms and conditions of ihis murtgage or the bond secured hereby,the mortgagee shall,
<br /> on demand,be antitled to immediate possession of die muxtgaged premises and the rnortgagor hereby assigns, vansfers and sets over to the
<br /> � � � mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as[he morigage indebted.ness shall remain
<br /> unpaid;and the mortgagee sYall havc[he power to appoint any agent or agents it may desire for the Furpose of repairing said premises and renting .
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairin� said premises and necessary
<br /> . commissions and expenses incurred in renting and r[unaging the same and of cullecting rentals therefrom; the balance.remaining,if�any.,to be
<br /> �. �. �applied toward the discharge of said mortgage indebtedness;these rights oC the mor[gagee may be exercised at any time during[he existence of such� .
<br /> .. default,irrespective of any temparary waiver of the sa.me. � . .
<br /> y . �� 'fhese Presents,however,�are upon the Condition,That if the said Mortgagor shall repay said]oan on or before the ma[urity 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 paid;pay all taxes and assessments levied agains[said premises and on[his Mortgage �
<br /> + � �� and.the.Bond secured the�eby,before delin uenc fumish a pon the buildings thereon in the sum of 5 29,60f3.OO . payahle �
<br /> q y; pproved insurance u
<br /> � � . to said ASSOC[ATION;repay to said ASSOCIATION upon demand alt money by it paid for such taxes,assessments and insurance with interest at
<br /> � ��the maximum legal rate thereon from da[e of payment all of which Afortgagor hereby agrees to pay;permit no waste on said premises;keep end.compiy
<br /> ��� � � witl�all the agreements and conditions of the Bond for S 29.b�p.�(tiiis day given by the sa.id h7ortgagor to said ASSOCIATION,and�mply .
<br /> �with�all the requirements of the Constitution and By-Laws of said ASSOCIATION;then these presents sliall become null and�void,otherwise they '
<br /> y � � �shall remain in full furce�and may be foreclosed at the�op[ion of the uid ASSOCIATION xfier failure for three xnonttu�to make any uf said �
<br /> . pxyments br be three months m arreacs in making said monthly payments,or to keep and cumply with the agreements and�condi[ions of said Bond;
<br /> .� - .�.ortgagor ag�.'es ic..a.�e_,�ce:v^�agt`�"..^.ced forrhwith in such fareclosure proceedings. � . �
<br /> � � � � � If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then tha entire remaining indebtedness hereby . -
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand 1s1a�d,Nebraska,become immediately due and payable without
<br /> further notice,and the amount remaining due under said bond,and any other bond for any edditional advances made thereundex,shall,From the .
<br /> date of exercise of said option,bear interesc at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said
<br /> ��� � bond,and any otlier bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association o(Grand Island, .
<br /> Nebraska for insurence,taxes and assessments,and abstracting cxtension charges, with interest thereon, from date of payment at the maximum
<br /> . . ..legal cate.�� . . . � . .
<br /> � � � As provided in the Bond secured hereby,while ihis 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 tlie funds Uriginally
<br /> secured thereby,the total amount of principal debt not lo exceed at any time the original amount of this mortgage.
<br /> Dated this ;:., I�tll-----� day of OCtObC'Y' A.11.,19]�
<br /> G`.> f�- J , ' > r /"
<br /> .,.:, .. ,�'" 'tcG =c�r.-,-.-.-'� . . . .
<br /> �ar ay v�i
<br /> .—�..r ��----o.�,�-e—�-.c;,:
<br /> f Jean E. Rawell 3
<br /> ; sTa'rE oF rasxt�sitn,i 17th October 77 -•
<br /> ss. � On this � day of 19 ,before me, � � � x��.a
<br /> CO`UNTY OF HALi:.J " *Y•
<br /> z the undersigned,a Notary Public in and for said County,pecsonally came r
<br /> Earl Ray Rowell and Jean E. Rowell, each in his and her own right and as spouse of each ��M1q
<br /> � Otf"t2Y' whO dl'2 Personally known to ���
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<br /> , � me to be the identical person S � �.whose name S dP2 affixcd to the above in t as moRgagor S � 'ChC,Y severally � ,�
<br /> e� a:k�o;v;edged L'+ sa:�i st uz^n!��� thei r vols**,tsry . a^�+drPd. ,i�.. �
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