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<br /> p MORTGAGE
<br /> 111ORTGA(E LOAN NO. L2i ,939
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<br /> '' r KNOW ALL MEN BY TFIESE PRESENTS:That Arthur R Goodwin and Irene M. Goodwin, each in his and
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<br /> her own right andas spouse of each other, Mortgagor,whether one ormore,inconsideration ofthe mum of
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<br /> Twenty-one Thousand Seven Hundred Fifty•and No/100 DOLLARS
<br /> to loaned to said mortgagor by The Equitable Building and 1.uan Association of(;rand Island,Nebraska,Mortgagee,upon 21 7 shares of stock of
<br /> 4 said ASSOCIATION,Certificate No. L 21 ,939 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,,situated in Hall County, Nebraska:
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<br /> LOT FORTY-THREE IN BELMONT, AN
<br /> ADDITION TO THE CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEBRASKA,
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<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens.
<br /> window shades,blinds,storm windows,awnings,heating,an condittoning.and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<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 and upon this mortgage and the bond secure¢ thereby before the sante shall become delinquent;to furnish approved -
<br /> insurance upon(he buildings on said pretnises situated in the turn of$ 2 I ,750.00 payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance:and not to commit or permit arty waste on or about said premises;
<br /> In case of default in the performance of any of the terns and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> l s on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> unpaid;and the mortgagee 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 collecting the rents,revenues and income,and it may pay 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: tire balance remaining,it,any,to be--
<br />,x applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> default.irrespective of any temporary waiver of the same.
<br /> t These Presents,however,arc upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br /> payment:pay monthly to said ASSOCIATION of the sum specified in the Bund secured hereby as interest and principal on said loan.on or before
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> and the Bond secured thereby,bctme delinquency:furnish approved insurance upon the buildings thereon in the sum of 5 21 ,750.00 payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> the 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 conditions of the Bond for 5 21 ,750.00 this day given by the said Mortgagor to said ASSOCIATION.and comply
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void,otherwise they
<br /> j shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for 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 /> anti Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings
<br /> if there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then 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 bund.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 rate,and this mortgage may then be foreclosed to satisfy tire amount due on said
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island.
<br /> Nebraska fir insurance.taxes and assessments,and abstracting extension chsrges, with interest thereon, from date of payment at the maximum
<br /> legal rate.
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<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> makers of said Bond.their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally
<br /> seemed thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> l)ateiUfis 14th-, 7/ day or January A.D..19 76 _
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<br /> 'r hur R. Goodw;n Irene M. Goodwin
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<br /> STATE OP"NEBRASKA,
<br /> COUNTY OP HALL as. Ott this 14th day of January I'r 76 ,before me.
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<br /> the r n erelgred, Notary Public n end for d County.personall came ,` f
<br /> Arthur R. Goodwin and.Irene M. Goodwin, each in his and her own right and as spouse of
<br /> each .other, • who are personally known to
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<br /> •j� me to be the identical person$ wh ore S` REV. affixed to the above instrument as mortgagors and they severally
<br /> acknowledged the said instrument to flit" votrinfarj�act and deed.
<br /> WITNESS my han *tArial Seal the date efeResaid. 1:-.4I 1 My Commission a teas 7i J 7L. , i._�
<br /> f Notary Public
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