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<br /> 77• UOF380
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<br /> {� MORTGAGE LOAN N0. � 22�'f$
<br /> • ': +aow,�u,�x av 1xEse e�se�rrs:�rt+u Kenneth J. Fri esen and M�y B. Fri esen, each i n h i s
<br /> � and her awn right and as spouse of each other.
<br /> Twenty Six Thousand and No/100------------------- �«`�`=W�`�`�`«more,ia�ubeoru,ew,00r
<br /> " DotLARs
<br /> lo�aed W t�id mortg�gor by The Equitabk Building and Luan Auociation of Gnnd Ialu�d,Nebnaka,Mortgagee,upon Z(0 �lures of stodc of
<br /> nid ASSOCIATION,Certificate No. L ZZH6S ,do hereby�rant, convcy and mortgs�uaw the saad ASSOCIA'i'ION the foalowis�
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<br /> describod md eatate,dtuated in H�ll Cuunty, Nebruka:
<br /> LOT THREE {3) ISLAND ACRES NUMBER SIX (6)
<br /> A REPLAT OF LOTS 19 AND 20 ISLAND ACRES.
<br /> CITY OF GRAND ISLAND. HALL COUNTY. NEBRASKA.
<br /> to�sther with ail the tenements,hereditaments and appurtenances thereunto belonging,induding attached floor coveri�c,�11 windoW�aeeea,
<br /> rrindow shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and wrter equipment and accecooriet tfiereto,pumps,aovsa,
<br /> rsfriswston,and othar fixtures and e9uipment now or hereafter atuchad to or uaed in conuctiun with caid real eYuu.
<br /> And whereu the crid itwrtga�or has agreod ynd d�xc hereby a�ree thai the mextgagor shall and will pty r1! tuees aed arswroe[c leried or
<br /> �atisd upon taid premi�es and upon this mortgage and the bond secured thereb before the wme ctiaU become dalinquoat;to fwni�h a�pro�ad
<br /> Y_ �h
<br /> inawanoeupon tl�e buildings on uid premisac sitwted in the wim of S 26���.W payabk to uid ASSOCIATtON and to deli� w pid
<br /> ASSOC1A71flN the poUciec far wid in�wrnce;and not to�mmit or permit any waue on or about uid premioec;
<br /> In cue of defaWi in the perfornuaoe of wy of tlu terms md conditionc uf this murtga�e or ttu bond secured heroby,t�e mortpp�tlu11,
<br /> m de�td.be eetltled to immediate pe�s�eaeion of the mortgaged pmmices and che enwtga�or hereby awi�n�, traadms and �eu o�er W the
<br /> anrt�y�a oll the rrnis,ro�roauea aad inwme to be derived from the murtpgad pmmioec during such time ac tho mort�a0e in�i�bt�dner�p redia
<br /> uqprd:aad Uu iaortp�yee etwl!have the power to appoint any agent or agentc it may desue for the purpo�e of ro�rlrin�wid psemirs�d ra�ti�
<br /> d�e rame and collectie�the mat:,revenues and income,and it may pay out of srid income aU expaaoef uf ropair�uid prenwet aed nse�ey
<br /> eoeueirion�atd e�en�ee incurred in rcntie`and man�gin`the�ame and o(collectin� ren[als tharafrom: the balance remai�le{,if aay,w 6e
<br /> � sw�lied toward tMe di�charge of aid mortp6e indobtedness;these rights of[he monsagee may be exercised at any time durina t6e exiM�noe af wek
<br /> delsult,irrospodirve of ury temporuy waiver of[he nme.
<br /> Thaoe Prereau,however,are upon the Condition,That if the eaid Mortgagor shall repuy nid loan on or bofone the muurity of t�id Y�rrc by
<br /> p�yment;pry nwatiily to osid ASSoC1pTtON of ttx sum specilied in ths Bond�ocured hereby as interost and principN on soid k�n,on ar b�fon
<br /> t1�e'itireatieth day of nch and erery month,until:aid!wn ic fully paid;pay all taxes and asse�wnents Ievied�ient a�id premiiss osd on tltit Mortwe
<br /> wd tAe lond fecured thercby,before delu�quency;furnich approved insura�cc upon the buildingc thereon in tht iwta of S26��.� pryabte
<br /> eoure
<br /> w taid ASSOCIA'l70N:mpay w said ASSOClAT70N upon dcmand all momy by it paid for wch u�ces.assm�ment:and inrunsoe with int�ro�t u
<br /> the iwaxinwm rate thereon from date of inent all of which Afor s �
<br /> kp1 paY tgagor hereby agreec to pay:perntit m wute oa e�id premioos;kesp oad�ea�1y
<br /> with si!tlte a�reements and co�itions of the Bond for S Z( �.�Q this day yven by the stid Mort�yor w caid ASSOCfATlON,and m�pply
<br /> wit6 ail tbe requiremeats of the Ca+stitution and By-Lwc o�raid ASSOCIATION:tlun thefe prosents dutl bscoa►e nu8 aad voqd,othawi�e they
<br /> iuU rersrio in fuI!fora and msy be fwecln�ed at the option of the aid ASSOCiAT10N aker failuro for thru rnonths w eedce any of Yid
<br /> paymaau or ba tluee months in uneus in makins caid mon�hty paYments.or to ker.p aad comply with the agreeTente and condiRioa�d nid 5ond:
<br /> aed Mortia�oc asneec toluve a receiver appointod funhwith in such fureck�sure prooeedir�µ.
<br /> if tfiero is any c6u�e in ownerehip of the roal esute mortp�ed hemin,by sak or utherwiee,thea the eatire remainins iadebtodnets henby
<br /> rewrod duU.at t6e oplion of The Eq�dqbk Building and Loan Auociation of Grsnd l�d.Nebraska.beooero i�oe�adiatoly due ud ptyable vit►ort
<br /> f�r�er sotioe.and tbe amount roeuinit�due �der iaid bond.and any other bond for mY�dditional adwwoes m�do ehereuader�tl�.fram the
<br /> d�te of ax�reaoe of qidc�rtma besr interott at the maximum bpl ra[e.and thia moryye raay t6en be Forecla�sd to utidy tlfs amouM dus oa nid
<br /> IwnA.and aay otl�er bond fw additlo+ui adwna:,to�ether wiW all wms p�id by�id The Equiabie Bwidin md Lo�e Awa�tion af Gr�nd[fYsd.
<br /> lWinalct for inausnoe.qzee wd a�ermeats,and sbRractiay extencion charges. with ietarsst tlrereoa. from dste d'p�y�eat st tLe m�
<br /> k�d nte-
<br /> Aapt ovided in ttx Bond recua+ed horeby�wi+i{e t6is mort�a remrins in effect the moreqa�ee m�y F�eradter advana additiaul euau to the
<br /> qa ee
<br /> odcen af titid Bond.tl�ar atsi�ns or eucc:erort in interes[,�vhieh wm�shW be withie tho eecurity of tMis mottp�e [he same u tl�e fuwd�ori�ly
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<br /> we�r�sd ttwroby,tAe tohl uffamt of principd debt not to exoeed u any tia�e the or�iul amount of Htic mort�c.
<br /> n..ee r�. iirst a.y o�' Novcn�ber ^ w.o.,iv 77
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