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<br /> MORTGAGE
<br /> MORTGAGE LOAN NQ � 22.933
<br /> rKNOW ALL MEN BY THBSE PRESENTS:'Chat Arthur Morri son and Mi 1 dred E. Morri son, edCh 1 Il hl S
<br /> and her own right and as spouse of each other,
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> N�E�EEn Thrnicand Fivp HunArPd��NO/�00---.__=------------------------------- 1)OLLARS
<br /> iwned to said rtwrtgagur by The Eywtable Building and Luan Association of Grand Island,Nebraskx,Mortgagee,upon �95 sharts of stock uC
<br /> caid ASSOCIATION, Certifie;ate No. L 22.93$ ,du hereby grant, convey xnd mongage unto the sa�d ASSOCIATION tht following
<br /> described real ectate,situated in Hall Cuunty,Nebraska:
<br /> LOT FIVE (5) Ii� BLOCK FIFTEEf� (15) IN WALLICH'S
<br /> ADDITION TO TIiE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<br /> together with �II the tenemrnts,hereduaments xnd appurtenences dtrreunw brlungmg, including attached tluur cuverings, all wtndow screens,
<br /> window iludes,bllnds,sturm wmduws,awnings,hrating,rn cunditiumng,and plu�nbing end water eyuipmnnt and acceswnes thercto,pumps,stoves,
<br /> refrigerators,anJ uther fixtures and eqwpment nuw ur herra(ter attached tu ur used m cunnect Ion wd�h wid real estate.
<br /> And whereas the said mongag��r has ngrred;�nd dues hereby xgree thai thr murtg,gur shall and will pay all taxes and assesxments levied or
<br /> ysxssed upero sxid prrmisrs end upun this murtgage and thr bond secu�ul �Sgby:,yriure the ume shall become delinyumC to furnish approved
<br /> insurance upon the buildings on wid premiees situated in the sum uf S �9� U 11U pbyablr tu said ASSOC'IATION and to deliver to saiid
<br /> ASSOCIATION the pulicies lur wid insurance:and not tu commi���r permit any waste on.�r about uid prem�ses:
<br /> In exse uf Jefrult In the perfunrumcr of any uf the terms anJ cunditions uf' [his nwrtgage ur the bund secured hereby,the rnortgagee shx►l,
<br /> on clemand, br entided w immediate pussrssion uf ihe mortgaged premises end the murtgagor hereby assigns, transl'ers and sets uver tu the
<br /> rn�rtgagee xll the rents,revrnues xn1 income to be drnved from thr mo�tgxged premises during such time as the murtgxge indebtedness shall rcmxin
<br /> unpaid;and the mortgagee shall havo che p�.�wer tu eppoint eny agent or agents it muy desirc f'or the purpuu uf repairing said premises and renting
<br /> the same and cotlecting the rents,rrvenues and income,and it may pay oW of said incume alI expenses of repairing said premises and necessrry
<br /> commissiuns and rzpenses Incurred in renting and managing the same nnd o( cullecting rentals therelrum; [he bylanae remaining, if any,to be
<br /> applied wwarJ thr dischargc ut sa�d nwrtgagr indebtednrss:�hrse nghts uf the mungagee may be exerc�sed at xny time dunng the existence oC such
<br /> default,irrrspective nf any tempurary waivrr of the same.
<br /> These Presents,however,are upun Ihe Cundiuun,Thnt if the said Munyugur shall rrpay �uid luan un or befure the maturity uf said sh•ares by
<br /> payment:pay monthly tu sa�d ASSO('IATION of thr sum speclfied in the Bund secured hereby as Interest and prmcipal on wid luxn,on or before
<br /> the Twentieth day o(each and rvery month,unt�l said luan is f'ully paid:pay nll texrs and assessmen[s levied against suid premises and un this Mortgage
<br /> and the Bond secured thereby,befiirr delinyuency;furnish appruved insurancr upun thr buildings thereun m Jie sum nf g�9.5��.00 payable
<br /> to sa�d ASSOCIATION;repay tu ui1 AtiSOCIATION upun demanJ all monry by it pa�d lor such taxes,essessmrn[s xnd insurance with interest at
<br /> the rtwx�mum legal rate thereun(rum da�e uf'payment all.>t whlch Mortgagor hrreby xgrees to pey:permit no waste un sa�d premues;keep and wmply
<br /> with rll�he agreements and wndluons ul'�he gond(ur$�9��jQQ.QQ th�s day given by the sxid Alortgugur«�said ASSOC'IATION,artd wmply
<br /> with rll the reyuueinents uf thr Cunstitutiun und By-Laws of said ASS(X'IATION: then these prrsents shall becumr null and vo�d,utherwiae they
<br /> shrll rcmain in 1'ull force and nwy be loreclosed e� the uptiun u(�he sa�d ASSOCIATION after failure for three months to make any of said
<br /> pryments or be thror munths in arrear�m makiryj wid munthly payments,ur w keep and cumply with the agreemenu an1 cunditions ut said Bund;
<br /> and Murtgygur x�res to hyve u recriver appointed fonhwith in such Corcdusure pruceedings.
<br /> U'there is any changr in vwnership of the roal estate mongaged herein,by snle o� utherwise, then the enGre remaining indebtednesc hrreby
<br /> ce�:urcd shall,al the uption u(The Eywtabin Building and Loan Asceu:iation u(Grand Island,Nebrrska,becume immediately due and payabk without
<br /> further notic:e,und the artwunt remaining dur unScr syid bund,xnd any other bond tor any ydditional advances made therrunder,shall,from the
<br /> date ol exercise ul said option,bear interen�et the max�mum legrl rate,and this mortgrge nu�y then be foreclosed to satisfy the amuunt due on said
<br /> bond,and any other bond for additiunxl advances,tugether with all sums paid by said The Equitable Building ynd Luan Ascuciatiun uf Grand lsland,
<br /> Na�braslu for insurance,hxes and asseesmen[s,and abstracting rxtension�harges, wrth vu�rest thereon, from date of payment at the mauimum
<br /> k�al nte.
<br /> Ae pruvided in [he Bond secured heroby,while this murtgage re�n�ins in efl'eu the rtwng�ee may hereafter advanc;e additiunal sums to the
<br /> mrlcers of said&ind,their assigns ur successors in interest,wF�ch swns ilull be within the security oF this murtgage the same as ehe funds originaily
<br /> secured thereby,the toal artwuM of principrl debt not to exceed o�any time the original amount of this mortgage.
<br /> ua�ea i�us 14th. a,y�� December p_p., ly 77
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<br /> �_��t.-C�.L�L �)'�Yl�-f'....�t'1 h 4-t�r� "� / ! " /'% �
<br /> Arthur Morrison Mil red E. Morrison
<br /> STATE OF NEBRASKA,t ac �thic �4th. daY of s�
<br /> COUNTY OF HALL� December iv 77 .�r��e me.
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<br /> the u�dersitned,a Notrry PubLc in and fur xaid County,personaUy �
<br /> � Arthur Morrison and M1ldrtd E. Morrison, each in his and her own right and as spouse o�
<br /> �C�1 Ot�t' �+'h° dre persunally known to r�^'��,�
<br /> s
<br /> IDC t0 bC t�1C idCatiGit Isuu$ 1�kWYC YYu�e $ are 5 tf12� ��
<br /> jle rt7`�awi w t6r yb�ye uw�w+xs++�rs wu�t�{u� x�w .1� xeverally
<br /> a�oiuc�Wbd/d t6a tod�wwmesat to be t}�!1 Y �+ats*Y rct nW deed. /
<br /> Wi7T1ESS iwy I+arW aed Notuiil Sed the dau afarcwid. � ,,� .,„,..
<br /> �—.__._>�.�:K� ..yY���� /���!1�s���.S�/
<br /> �� r�� :: .. G`..�-� Nutrry Public
<br /> + �1 _�:P � r__� y���J. I Y, /� 7'd1
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