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<br /> ���� � ��MOR7CAGE LOAN N0: �� 22,038 � � ir y.i , � t ����
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<br /> � KNOWALLM8N8YTHESEPRESENI'STtut: �8m25'�P: Powel:l and,�Elaine K: Powell, each.in his and. �;r ;�, r ";,������
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<br /> d�' � >her�own�r,ight and as Sp01152 Of'EdCFI OtI1CP� MnngOgor,whetheroneormore,inwnsidentionoEthesumof �r ��1., ' r�r ry�����'���;
<br /> `*X ' ! Twenty three}Thou'sand�Nine.Nundr.edSand~No 100---- ------ ------ ---------------- � ` ` � ����g�,�j
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<br /> r r loaned to naid monpgor by Ttie Equltable Building and I.oan Assoclalian oCCrand Island,Nebraaka,Mort�agee,upon 239 . sham ot s�oc�c ot. 3F f -x x��' {�,,�,� �";��
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<br /> r , ,, said ASSOCIATIO,N,Cert�cate No.L;-22,038:. ,do hereby grant;wnvey nnd modgage unto the sss3d ASSOCIA170N the.following . �?`Y� ���s},��,�,�.��r'��s�u�'j��
<br /> � descdtied real estate,situated.ln Nall'County Nebreska:. �
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<br /> �� � LOTS`ONE�HUNDRED FIVE (105), ONE HUNORED. �( �� �`� ,�r���"���'�'�'��
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<br /> y� SIX (706),IN BELMONT ADDITION TO THE CITY' � s SsF " ,s����,��".���"' s
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<br /> ' OF"GRAND ISLAND, HALL COUNTY, NEBRASKA. r� "`�` ' �r'K�w„s�`�-,-�.�`'�'�,y�
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<br /> to ether wtlh ull the tenemrnts,hereditamenls and appurtenances thereunro belon�ing,includmg ettacited t7oor covenngs`all window acrerns, ��rt ty 1 ;�j` '`���r��s��'�y
<br /> �M window stwdes;blinds,storm winJows,awnings,heating;air wnditioning,and plumbing and water eqwpmcnt and accessories thereto,pumps;stoves,. �+ d ' r; '� ��'y�,�+�'`��
<br /> � reGigeiators,and other�xtuies and equipmrnt now or heceaherettnched to ocused in conncetion with xiid eeal stater , � c �1 t �� xa ci��"�'�r
<br /> � Md whereaz the said mortgagor has agreed and does hereby egra tfiat Ihe mortgagor,sF�ull and.wiit pay all taxes and nxusunents levied or � 3 r�� ;t ,,��#rk��x
<br /> S"� uxssed u n said remiue nnd u n thu mort c and the bond ucurcdlhereb befare the samrshall becomddelinquent:to tutnish approved• tt��c��� �.t f ����e�
<br /> �� nuurance upon the buildings`on sa�d pcemises sit�uaBted ir.the sum of 5 23;900.00 p�Yablc to said ASSOCip'[I0� and m deliver to said. �� ;"s � s"`�z��`x��
<br /> ,� ASSOCIATION the polides for uid insurance;and not to commit or permit any waste on or about said pcemises:. , s 3� T'
<br /> r � in cau oGdefeult in the`performancc of anybf the terrtu and conditions of this mortgage or the bond ucured hereby,the modp�gee shall,, ' �, �' �;r�El�h�1t�,��,��a
<br /> r{�� � on demand,6e entitled to immediate posussion of the mortgaged prcmius and the;martgagoc hereby assigns; tran�fe�s.and seq over to the.: r ;J r, r{nj 4��:
<br /> mortgagee alP.the tmts;�evenuee and income to be derived from the mortgaged premises during auch time as the mortgage indebtedneu shall remain' ' `� '«�.� ��k� 7�
<br /> ' unpaid;and'lhe mottgagee shall6avotfie powerto appoint any agent or agents it may desice tor the purpose ot�epa[ring said premius end,tenting '" ,,�'`,�p�rf�"}!�����
<br /> ihr same.and coilecting the rcnb;revenues and inrnme;and it may pay aut oG said income alt expense:of_mpaidng said pmmlus and mettssary: .. i �,s.,.f ss.s:�;;
<br /> �+ � commiuions and.expenxs incurted in renting and managing the same and of collecting rcnlnls thereGom:the.balana remnining;-i(any,tu be ��..���
<br /> apPlied toward ihe diuhzrgq of said mortgage indebtedness;tfieu rights of the mortgagee may be exerciud at any time during the existena o[such i ,�t�G d Y
<br /> Sr '. default,ircespective of any temporary waiver of the sama �' , ��x.c��ax t
<br /> 7hese Preunts,however,arc upon the Condition,Thal iC lhe said�tortgagor shall repay said loan on or befare the maturity of sald shares by . } t �< �+''�,�;�
<br /> � paymenr,pay monthly to said ASSOCIAT(ON of the sum specified in the Bond secured hercby as inte¢st and piincipal on sald loan,on or before - � � n ,tit
<br /> -the Twrntiethday of each and every month,unlil said luan is fully paid;pay all laxes and asseuments levied against said premises 5nd on this l�tortgage r ��.{Fi
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<br /> e,� and the Qond ueured thereby,before dellnquency;fumish approved insucance upon the buildings thtreon in the sum of S 23�90�.�� , payable � �,��s ,���{�
<br /> .-c. - to said pSSOC[ATION;cepay to said ASSOCIATION upon demand all money by it paid(or such taxes,assessments and insurence with interest at y � x��
<br /> � the maxirnum legal rate durmn fmm date oi payment all o(whiclt htodgagor hereby agrees to pay;permit no waste on said premises;keep�nd wmply- c eJ �L'}�.'°+�� "
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<br /> " with all the agmemems and cunditions of the Bond for S 2$�900.OOthis day given by the said Atoctppgor ta said'ASSOCIATION;and comply o ' `a }
<br /> with slI t1u requuements of the Constitution and ByLaws of said ASSOC1AT10NC then theu preunts shall become null and vatd,otherwiu thry � �+ r t � f;
<br /> � shall rcmain in full fara and may be foreclosed at the option uf the uid:ASSOCIATION after.f�iluro for tkrce monlhs to make eny of said I � ' s�f`
<br /> ' } ' paymenfsor be threc months in arrears in making aaid monthly payments,or to keep and comply with thc agreements and conditions of said Dond, � �_' �
<br /> s and Morlgagor agtc¢:to have a ceceiver appointed forthwilh in su[h(orcclosurdproacdings: - ` � ���
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<br /> ,� IC therc irany change in ownership o(the rcal esute mortgaged hecein,by sale ur othenviu,then the entite remaining indebtedness hemby ,
<br /> �� � seeured shall;at thc optton o(The Equitable Building and Loan Association of Grand 1slnnd,Nebraska,become immediately due and paya6le without : ` �+tF`
<br /> furtherrnotia,and the amount remaining due:under said bond,and any other bond far any additional ndvences made thtreunder,iliall,From lhe } � ��"
<br /> ` � � date of exerriu af said option,bear intemst at the muimum legal rate,and this mortgegc,may then be Coreclosed to satisEy the amount due on naid t �+ j� ,
<br /> � � bond;and:ny othec bor,d(or additional advanas,together with atl sums pttid by said She Equitable Building and Loan Auociallon oC Crand Island; • � '� sc;xt��i
<br /> t; ' Nebraska for insurana,tares and azsessments,and sbstracting extenre!!eharges,with interost thereon,(mm dste of payment aC the maximum'° ` 4�r
<br /> s� , ,. Iegal rate.. . 3 t;
<br /> � As provided in the Bond sccu[ed hereby;while this mortgage remains in effect the madpgee may hereaRer advana additionat sums to lhe f , 2 i- ��,�
<br /> +�� rtukrrs o(said Bond,their igns or sucasson in interest,which sums shall be within the xcurity oLthie mortgage the mme es the Eunds origicully. . t- � i:
<br /> y� ,� secured thcreby;:tha 1 t m nt o[principal debtnot to exceed at any limc the original amount of thts modcagez � ` � y4�
<br /> Datedthis- 2 th dayof M81'CII. A.D.:19�( , , {'r't4y
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<br /> �lt � C.�Q�(ilt� /1 ��J��� z
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<br /> � Elaine K..Powell ` t "C `�+
<br /> .� � } � m s:P. Powell ,
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<br /> �s �,� SfATEOFNEBRASKA�:
<br /> t ss Onthis 25th dayof MdPCh 1976' ,beforeme, - ; �yF "„ �}���u
<br /> `�`s'� i' " COUN'fY OF HALL � u''� }�
<br /> �t i � � the undersigned,a Notary Public in and for said Caunry,perwnally came. ' i M,.-.� ,���
<br /> �� �James P ..Powell and Elaine.K. Powell, each irr�his and her own right and as spouse-of . �.,� , ���.,�,�
<br /> 1`^' who d re . penonally knawn to � t ' �M
<br /> ���+}�,'�� �each other. � : f3
<br /> �!^ Y me to be the idenUeal erion 5 ;whose name S: aPE' _ affixed to the above instrum as mo gor5' and h seve+allY � y�J�
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<br /> ��'" � . acknowledged tlie mid Nitiuinent to be tIl@j P va(untary act and deed. , �hk
<br /> ;:W17NE55'nry hand and Notarinl5eal the datc aforcsatd.� ra @ �p',�
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<br /> "� JAR1E5 W.-0LSON' /' � • Nolary Pu6Hc -
<br /> �M7 Comm.EaD:Nor 12, :.�A .�C'7�
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