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<br /> MORTGAGE
<br /> n�oRacnce[.oAN No. L 22,818
<br /> KNOWALLMENBY'fCiESEPRESENTS:That John R. C�chran, JY'. and Penelope R. Cochran, each � :
<br /> �.
<br />��, in his and her own right and as spouse of each other
<br /> _Mortgagor_whether_one or more,in consideraiion of the sum of
<br /> Tnirty Thousand and No/100------------------�---- _________
<br /> _ DOLLARS
<br /> � loaned to said mortgagor by The Equitable Buildin and Loan Association of Crand Island,Nebraska,Mortgagee,upon 3�� shares of stock of � ��
<br /> � said ASSOC{ATION, Certificate No.�L���22�8�$ ,do hereby grant, convey and mortgage unto the said ASSOCIATION�the following �
<br /> described real estate, situated in Hall County,Nebraska:
<br /> LOT FIFTY EIGHT (58) IN WOLFE'S SUB-
<br /> y
<br /> DIVISIQN, IN THE CITY OF GRRND ISLAND,
<br /> % HALL, COUNTY, NEBRASKA.
<br /> togedter with all the tenements,hereditaments and appurtenances thereunto belongin�,including attached floor coverings,all window screens, � �
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,und pl�mbing and water equipment and accessories there2o,pumps,stoves, �
<br /> refrigera[ors,and other fixtures and equipment now or hereafter attached[o or used in connection with said real esta[e. � � ��
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> assessed upon said premises a.nd upon this mortgage and the bond secured thereby before the sa�ne shal!become delinquent;to furnish approved
<br /> � insurance upon the buiidings on said pramises situated in the sum of S 3O����.U� payable to said ASSOCIATION and to deliver to said �
<br /> � - ASSOCIATION the policies for said insurance;and not ro commi[or permit any waste on or about said premises; �
<br /> . � In case of defaulf in[he performance of any of the terms und conditions uf this mortgage or the bond secured hereby,the mortgagee shall,
<br /> � on demand,be entitled to immediate possession of the mortgaged premises and the mortgxeur hereby assigns, transfers and sets over to the
<br /> -� mortgagee al!the rents,revenues and income[o be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> .�� unpaid;and the mqr,tgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting� � �
<br /> � the same and cpllecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary �
<br /> ��commissions a6C}"`t,.afytenses inwrred in renting and mansging the same and of collecting rentals therefrom; the balance remaining,if any,to be
<br /> applied[oward the discharge of said mortgage indebtedness;these rights oC the mortgagee m�y be exercised at any time during Qte existence of such
<br /> � �Qefaul[,irrespective of any temporary waiver of the same. � �
<br /> These Presents,however,are upon the Condition,That if the said Mortgagor sha0 repay said loan on or before the ma[urity of said shares by
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in[he Bond stcured hereby as interest and principal on said loan,on or before �
<br /> the Twentieth day of each and every monQ�,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage �
<br /> � and Ihe Bond secu�ed thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum ot S 3Q��QQ,�� payable � ��
<br /> J� to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid foc such tuxes,assessments and insurance with in[erest at
<br /> d:. � the maximwn tega]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 xll the agreements and conditions of tlie Bond for 5 3n���1Q.��lhis day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> � with all ihe requ'uements o!the Constitution and By-Laws of said ASSOC1ATlON;then these presents shall become null and void,otherwise they ��
<br /> shall remain in full force and may be f'oreclosed at the option of the said ASSOCIATION after tailure Cor three.months to make any of said �
<br /> payments or be three months in xrrears in making said monthty payments,or to keep and comply wi[h the agreements and conditiuns of said Bond; ��
<br /> ,; . and Mortgagor agrees to have a receiver appointed forthwiUi in such foraclosure proceedings. . ��
<br /> If there is any change in ownership of the real estate mortgaged herein, by sale or oiherwise,Yhen the entire remaining indebtedness hereby �
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> � further notice,and the amount remaining due under said bond,and any other bond tor any additional advances made thereunder,shall,from the � � �
<br /> • date of exercise af said option,bear in[erest at the maximum legal ra[e,and this mortgage may then be foreclosed to satisfy the amount due on uid � ��
<br /> bond,and any�ther bond for additional advances,together with all sums paid by said The Equitabie Building and Loan Association of Grand(sland, � �
<br /> Nebraska for insurance,taxes and assessmen[s,and abstrac[ing extension charges, with interest thereon, from date of payment at the :r.w:::::.^ � �
<br /> leRal rale.. . . .
<br /> As provided�in the Bond secured hereby,while this mortgage remains in effect the mor[gagee may hereafter advance additional sums to the � �� �
<br /> makers�of said Bond,their assigns or successors in interest,which sums shal!be within the security of'this morCgage the same as the funds originally
<br />��. srcured therehy,the total amount of principal debt not to exceed at any time the original amounr of this mortgage.
<br /> ]Jated ihis 2jSt day of September A.D.,19 ]]
<br /> �A n � `��,''
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<br /> �.,5 . R.-,�aC r�n��
<br /> Penelop R...CochrGn r . '� .��
<br /> STATE OF NEBRASKA,�
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<br /> COUNTY OF HALL} F� 4n thit ZISt ri>�i.,;' Cantcmho�- �y'i ,before me, " � � ,�h1
<br /> � � � � the undersigned,a Notary Public in and for said County,personally came .� 'i �.V ,`;� �
<br /> John R. Cochran, Jr, and Penelppe R. Cochran, each in his and her own riqht and as spouse � ` 'r� -
<br /> O @►^ who arZs personally known to ;wT
<br /> to�E�t q�� rsonS whose name 5 df'L' affixed to the above instrument as mortgagor S and thE'y severally �:�``'
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<br /> ac wiZ e��� thel}^ voluntary act and deed.
<br /> k�, dg tF�E`•y�sid i rument to be % i
<br />� �.,f, NQTRRY �=T�r �Y�nd ariu'\otariad..Seai t}�e tiate<ioceaaid. � .
<br /> .0 �aJ��,�O(�i.S�CC'�' ssionexpires f♦ � /`, �
<br />� � EXPlrcc . _ "`�" . l,l..a..�:.U i � �l�'� §'i . . . 1\� ,� �L� �. � . . :�..:., :�
<br /> qG . 54,9� � �� . i. -� \5`.
<br /> �il��EF 31. 1 :�,�,Q� . � No4a Public
<br /> ����f ME��~v Y�..,
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