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<br /> 77- U 06 4'71
<br /> lIOA'fGAGE
<br /> � MORTCAGE LOAN NO. �22SJO
<br /> ICNOWAII.LlLNBYiHESEPRESEIV7'S:That Orvitle 0. Qualsett and Mary K. Qualsett, each i� his
<br /> and l�lr own right and as spouse of each other
<br /> Morc�or.Whetncr w�e or more.io con.iae,auoa of che wm or
<br /> ; Twenty Two Thousand Four Hundred and No/100--------------------____________________
<br /> nau..�Rs
<br /> laarod to atid morty�gar by The Equitabk BuiMing and Luen qswciation of Grand Island,Nebnoka,Mortgy�ee,upon z24 ������
<br /> t�d ASSOCIATlON.Certificate No.L�ZSSO ,do heroby grant, comey and mortgage unto the nid p3$pCIAT10N the fotlovio�
<br /> de�cr�ed ro�!euate,citwted in Hell County,Nebnaka:
<br /> LOTS TWO (2) AND FOUR (4� IN BLOCK SEVEN (7)
<br /> IN UNIVERSITY PLACE, AN ADDITION TO THE CITY
<br /> OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br /> k�ether with al! the tenements,hereditaments and appurtenances thereunw belonging,including atUched fkwr oovering,c,all rvindow�crpns,
<br /> window nhades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and wxter equipmen[and acceceories therato,purtyic,��,
<br /> i
<br /> refri�entws,md other fixtures and equipment now or heresBer attached to or uced in connectiun with said rca1 eetate.
<br /> And wherea:the uid mortpsor has agreed and does hereby agree that the mortgagor slull and will Day all taxea snd aatavneau bvied or
<br /> attened upon eaid premises and upon thic mort�y{e and the bcmd cecured chercby before the aame chaU baeome detinquent;W furni��pprae�
<br /> lnwranoe upw+t!�buildinga on nid premices dtuated in the cum of S 22�4�.� payabk to crid ASSOCIqT10N and to deli� w qid
<br /> ASSUCIAI'ION Uu p�
<br /> policiea for wid insurance;and not to commit or permit any watte on oa about eaid premi�es;
<br /> In caoe of default in the performrnce of any of the terms md wnditiors of this mw�g�e or the bond eocured lureby,ehe mott��,
<br /> on demand,6e entitled to immediate poafestion of the mortgaged premises and the murtgagor hereby aai�ns, tnndert and �eb ower W t!►e
<br /> mortpaee sU the renu,revenuec and income to be duived from the mortgsged premises during such time u the martp,e indsbtsdned�11 reerie
<br /> uupaid:snd the�fort�a,ee shall have the power tu appoint any ygent or a�ents it mry desire for the pwpore of repaitin�qid prpn�i�x md reetio�
<br /> tAe wme and a�lkctin�the rentt,rovenues and incwme,and it�ey pry out of ttid income all expenees of rapairins nid pro�irec and ypwty
<br /> oommia�one aad expen�ec incurrod in renting and managing the came and of collectirtg rentale thenfrom; ths balaa�x minaia&�,if my,W Oe
<br /> �towsrd the diccharge of caid rtwng�ge indebtednns;the�e ri�hts of the mongagee rnry be exerci�ed at any time duria�tho exiusroe of�df
<br /> deiault,irrespective of any temporuy wriver of the same.
<br /> There Prmoatc,Iw�vever,ue upun the Condition,That if tho nid Mort�gor shail repay said loan on or beforc tbe maturity of uid r�es by
<br /> WY�+�:p�Y��Y����aIATlON of the eum specified in the Bond secured hereby aa interest�nd principal on said Ivan,on or bsfom
<br /> the Tweatieth day of each and every month,until eaid loan is fuily paid;pay a11 taxas and acaesunente kvied a�aain�t c�id premises aad on thu Moit�yt
<br /> uM the Bond tecured chereby,before delinquency;furnish approved insurance upon the buildings thernon in tiu wm of S 22 dQQ�QQ p�y+�
<br /> w�id ASSOCIATION:repay to ssid ASSOCIATION upon demand all muney by it pril for cuch taxes,aaetanents and inwranoe with�teeea�t
<br /> Um suzirmim{qa!nte theroon from date of payment aU of which tNortpgor hereby agrxs[o pay;permit no waue on caid promires;lusp aad mnaply
<br /> wit�aN dme agresmenu ead 000di[ans of the Bond for S 22��0.� thic dry given by the said Mort�e�or to csid ASSOClA710N,aed oon�ply
<br /> mitk all tAe requiremente of the Constitution and By-Lrws of uid ASSOCIA2iON:thea theu precantc chall bocome null and void,othsnvi�e[hq,
<br /> i� roauin ia fuU fora and may be forecbied at the option uf the said ASSOC(ATION after failura for throe nwntfis to mtica�ey of rud
<br /> p�ya�onts or be tdree months in arrears in malcing eaid monthly paymenta,or to�cap and cumply with the agreements and conditioa�oC nid 9ond;
<br /> a4d 1lort�yor s�rees to hsye a reixiver appninted forthwith in cuch foreclusure proceedings.
<br /> If eLae is any ch�n�e in o�vnenhip of the rea!estato mort�ed hereia. by sale or otkerwiae,tfien tho eatire re�e�in��d�r bercyy
<br /> nc�ned�uY,at the option o!The Equitybk Bui{ding and L,oan Anocution of Gns�d lsland,Nebratlu,becume immediru�y dueo aed NY+����
<br /> fyrthx wotia,and the amaunt remaining due under said bond.and any otMer bond for any additional idwnoes m�de tlier�uoder.tluil,from t�e
<br /> dqo of axxeioe oF md optioa 6ear iatorett at the rtuzimum bpl rue.and thi�vartpge auy then be foreelord co tttidy ths r+�ount due aa nid
<br /> r �un
<br /> bnad.and aay othor band fw additiowl advanee:,W�e ther with all wmc paid by fud The Equiuble Dw7din�aed t.oan Amcistiae of Grand tal�ad,
<br /> Nebsatica for inwruaoe,taxes and awecunenb.and aburactu+Q extension ch�r�es, with interest thereoa, from date of p�ymeM at the nr:uam
<br /> , b�l nte.
<br /> Aspro vided in t�Bond aeaarod heroby.wl�le this mort�e romains in effect the mortet�ee may hereafter adwna add'Niowat wins to tfie
<br /> s�en of nid Bowd.eheir u�t or accnwrs ia�terest,whicta�umt ch�U be within the�ecurity of this mort�e the cune as the fwMt oriptitly
<br /> - �ecired tfieeeby.tl+e totd ueoust of priacipai debt eot to exceed at any time the ori�inai amount of this mortyye-
<br /> « � °f October A.D.,19�]
<br /> �
<br /> Nary K lsett �
<br /> sr��ra oF N�cw.�.. oo a,�. 20th. a.r or October i9 77 .a.rw�.�..
<br /> ce�n�a��uu�.
<br /> a+. . rub+ic m fa..r ounty.O�.o+aM,•m,. �'
<br /> '�; Orwflle 0. pr�is�tt and Mary K. �uafsett. each in�i�'ai��r � W�ght a� as spouse
<br /> � o# a�aeh ot�r a�..e �...o..uy t�.a
<br /> ; a.ea ee!Yr w�riwt rno.s w�o...�. s art .�.a w Ne.bo�.i�t..�o�e�or s ,sa they
<br /> ' tlmvrl�d�d tie riid iuerLee�t ta Y� thel r ral�t�ry act aea era. � �'
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<br /> wII'l1iBlS my Ir�i aer Dfotatid Srd tA�MM ataorrid.
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