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<br /> MORTGACE
<br /> MORTGAGE LOAN NQ � 22�828
<br /> rtwowtu,LMErraYT[tESEr�sENTs:Tna� Clifford A. Arnold and Bonnie L. Arnold, each in his
<br /> and her own right and as spouse of each other,
<br /> � Mortgagor,whether one or more,in consideration of the sum of
<br /> ' Forty Thousand and No/100---------------------------------------------------- nOLL.4Rs
<br /> �,::;
<br /> � loaned to saiC mortgagor 6y The Equitable Building and Loan Association of Grand�Island,Nebraska,Mortgagee,upon 4�� shares�of stock of
<br /> � � said�ASSOCIATION,Certi�cate No. L 22�828 � ,do hereby grant, convey a�td mor[gage unto the said ASSOCIATION Ute following
<br /> -r ��. � described real�esta[e,situa[ed�in Hall�County,Nebraskai � � � . �
<br /> vi
<br /> LOT fIVE (5), BLOCK ONE (1) IN SOUTHERN ACRES
<br /> ADDITION TO THE CITY OF �RAND ISLAND, HALL
<br /> COUNTY, NEBRASKA.
<br /> � together wi[h all the tenements,liereditamen[s and appurtenances thereunto belonging, including attached floor coverings,all window screens, .. �
<br /> window shades,blinds,storm windows,awnings,hea[ing,air wnditioning,and plumbing and water equipment and accessories theretq pumps,stoves, ,
<br /> ��. xefrigerators,and other fixtures and equipment now ur hereaf[er attached to or used in connectiun with said real estate. � .
<br /> And whereas the said mortgagor has agreed and dues hereby agree tliat the mortgagor shall and will pay all taxes and assessments lzvied or �
<br /> � assessed upon said premises and upon tl�is mortgege and the bond secured thereby before the same shall become delinquent;to furnish approved � �
<br /> insurance upon[he buildings on said prcmises situated in the sum of S �Q.O,boo.oo payable to said ASSOCIATION and to deliver [o said
<br /> �ASSOCIATION the policies for said insurance;and not to commit or penn,t,ity waste on or about said premises; �
<br /> � In case ol'default in the performance of any of die terms and conditions of[his mortgage or tl�e bond secured hereby,the mortgagee shatl,� �
<br /> on deinand,be entitled to immediate possession of the mortgaged premises and the mortgagon c�reby assigns, transfers and sets over to the �
<br /> �mortgagee all the rents,revenues and income to be derived£rom ihe mortgaged premises during such time as the mortgage indebtedness shall remain �
<br /> . unpaid;and the mortgagee shall have the power ro appoint any agene or agents i[ may desire for the purpose of repa'uing said premises and renting � .��
<br /> � .� the same and collecting the rents,revenues and income,and it may pey out of said income all expenses of repairing said premises and necessary � _ ,
<br /> commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to be
<br /> � � apptied toward die discharge oI said mortgage indebtedness;these righu of the mortgagee may be exercised at atry time during the exis[ence of such �, '
<br /> � � defauit,irrespective of any temporary waiver of the same. �� .. .. ��. .
<br /> These Presents,however,are upon the Condition,That if[he said Mortgagor shall repay said loan on w before che maturlty of said shares by � ��
<br /> � � .payment;pay monthly to said qSSOC1ATION of the sum specified in the Bond secured hereby as interes[and ptincipa]on said loan,on or before . � �
<br /> � the Twentie[h day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and en this Mortgage
<br /> � and the Bond secured tliereby,before delinquency;fumish approved inwrance upon the buildings thereon in the sum of$L4O OOO.OO payable � �
<br /> :. � � to said ASSOCIA'fION;repay to said ASSOCIATIbN upon demand all money by it paid for such taxes,assessmen[s and insursnce with interesi at � . �� .
<br /> ihe maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> with all the agreements and condi[ions of the Bond for$ 4���Q�.�Othis day given by ihe said Mortgagor to said ASSOCIATION,and comply �
<br /> witli all[he requirements of the Constitution and By-Laws of said ASSOCIATION;Uien these presents shall become null and void,otherwise they � � � �
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIAT[ON xfter failure fur three months to make any of said �� � �
<br /> � payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond; � . .
<br /> � � � � and Mortgagor agrees to have a receiver appointed forthwith in such foreclosw'e proceedings. � � �� .
<br /> � It there is any change in ownership o(the real estate mortgaged herein,by sale or otherwise,then the enfire remaining indebtedness hereby �� . � � �
<br /> secured shall,at the option of The F,quitahle Building and Loan Association of Grand lsland,Nebraska,become immediately due and payabie without . . . �
<br /> further notice,and the�amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the � . �
<br /> date of exercise of said option,bear interest at the maximum legal.ra[e,xnd this mortgage may then be foreclosed to satisfy the amount due on said � .
<br /> �bond,and any other bond for additional advances,together with all swns paid by said The Bquitable Building and Loan Association of Grand Island, . � ��
<br /> Nebraska for insurance,taxes and assessments,and abstracting exiension charges, with interest thereon, from date of payment at the ma�cimum � . �� �
<br /> legal rate.' . � � � �
<br /> . As provided in the Bond secured heteby,while this mortgage remains in effect the murtgagee may hereafter advance additional sums to the . : . � �
<br /> � makers of said Qond,their assigns or successors in interesi,which sums shall be wi[hin the security of qus mortguge the same as the funds originally � �
<br /> � � sewred�thereby,the.totat amount of principal debt not tu exceed at any time the original amount of[his mor[gage. � � � � � � .
<br /> Dacea cn;: 28 da c September 1 w D.,i9 77 �
<br /> �<" "rC----��---_-�'a���� �
<br /> Cli ord A. Arno3d onn� ie� rno �
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<br /> STATE OF NBBRASKA,� � Om this 28th day of September (y 77 ,betore ma, ' „� -
<br /> COUNTY OF HALL -
<br /> �,_,.� µ
<br /> Y� �� � the undersigned,a Notary Public in and for said County,personally came � ��„�'��
<br /> Clifford A. Arnold and Bonnie L. Arnold, each in his and her own ri�ht and as sgoYse of "'�x
<br /> I; _ ��� ��� , � � wh pers nal y known to
<br /> � each other, t. are �i�•
<br /> me to be the identical �pn�'��C� e S afFixed to the above instrument as mortgagor S and they severally ��
<br /> � � acknowledqed ihe �inst,�m�+5t'ioRYe.`•,����" � voluntary aci and deed_ �
<br /> , � � � � � . a�.TI�.S�my�e��Yn�lr{otan� Seal the date nf�resaid. � �'� '
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