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<br /> A10RTGAGE
<br /> MORTGAGC LOAN IdO.. L 2Z.058
<br /> i [WOWALLAtENBYTHESEPRESEN'IS:That LyRldtl �. Cd55 and Helen E. Cd55, CdCh 111 h1S 8fld h61'
<br /> '� own right and as spouse of each other �
<br /> � Mortgagor,whethcr one or more,in considmntion of the sum o! ' ,;
<br /> � Forty-eight Thousand F9ve Hundred dlld NO/�OO----------------'---"""""'"""" DOLLAItS '
<br /> h shams of stock of
<br /> � loaned to said mortgagot by The Equit¢ble Buildin and luan Association of Crand]sland,Nebcaske,riortgagee,upan 485
<br /> said ASSOC[AT10N,Certificate No.L 22+0�8 ,do hereby grant,convey and mortgage unto the said ASSOCIAT[ON N�e following
<br /> °� described mal estate,situated in Hall County,Nebruska:
<br /> � LOT TWELVE (12) IN BRACH'S SECOND ADDITION TO THE CITY OF GRAND
<br /> �
<br /> � ISCAND, HALL COUNTY, NEBRASKA AND LAKE FRONT #12A, MORE PARTICULARLY
<br /> � DESCRIBED AS LAKE FRONT TRACTS ABUTTING BRACH'S LAKE, SHOWN ON THE
<br /> ;� " .
<br /> �� CITY OF GRAND ISLAND ENGINEERING DEPARTMENT PLAT IDENTIfIED AS
<br /> � "aRACH'S LAKE" DATED 9-29-72.
<br /> �
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<br /> � together with all the tenements,heieditaments and appurtenanas thereunto belunging,including attached tloor cuvecings,all window screrns,
<br /> window shades,blind3,:torm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories theteto,pumQ3,stoves,
<br /> °�. retrigentnrs,and other fixtures and equipment now or heresfter attached to or used in connection with said�eal estate.
<br /> � And whereas the ssid mortgagoc has agceed and does hereby agree diat the mortgagor sliall and will p3y all taxes and asseumeots levied or
<br /> �¢ uussed upon said premisesand upon tliis mortgage and the bond secq�d}he eb before the same shall become delinyurnt;to fumish approved
<br /> ,; insurance upon the buildings on said premises siivated in the sum of$4��bU�•�0 payable to said ASSOCIATION end to deliver to said
<br /> . ASSOCIATION the policies for xiid insucance;and not to rnmmit or permit any waste on or about said premises:
<br /> '�l In rue o[defnult in the perFormana of any of�he terms and conditions of ttus mortgage or the bond:ecured hereby,the mortgagee shall,
<br /> on demaud,be entitled to immediate possession of the mortgaged premises and the mortgagor hoceby ussigns,trans(ers and uu uver to the
<br /> mortgagee all the rents,rerenues and income to be derived from the moctgaged premises during such time as the mongege indebtedness shall remain
<br /> unpaid;and!he mortgagec shall have the power to appoint any agent or agents it may desirc(or the purpose o!repairing said premius and centing
<br /> � the same and rnllating the rents,revrnues and income,anJ it may pay out of said income all expenses uf repauing sxid premises arid necessary
<br /> „�� mmmissions and expenses innured in rrnting and managing the same and of eollecting rentals therefrom;the balance remxining,iI any,to 6e
<br /> appGed towaid the diuharge of said mortgage mdebtedness:these righ�s of the mortgagee may be exerciud at any time during the e.ristence of such
<br /> � default,irrespective of:+ny temporary waiver of the same:
<br /> :r
<br /> ;� Tltese Ptesents,however,are upon the ConJitiun,That if the said Mortgagor shall repay raid loan on or 6efore the mnturity uf said sha[es by
<br /> 3 payment;pay monthly to said ASSOCIATION o(the sum specified in Ihe Bund securcd heceby as interest and principal on said loan,un or beCore
<br /> ? the Twentieth day of e�ch and every month,until said lo�n is fully paiJ;pay xll taxes and assessments le��ied against svid premises and un this Dfortgage
<br /> "�1 and the Bond secured Qicreby,be(ore delinquency;fumish approved insurance upon tho buildings theceon in the sum of S Q8�5��.�� P�Y�ble
<br /> ��t to said ASSOCIATfON;repay to said ASSOCIATION upon demand all money by it paiS for such taxes,assessmrnts and insurance with inlecesl at . �
<br /> ihe maximum legal rate lhoreon Gom date of peynunt all of whidi Mortgagor hareby agrees tu pay;permit no waste on said premises;keep and comply .
<br /> with all the agmemrnts and conditions oC the Bond Cot 5 4H�SOO.00�his day given by the said hlurtgagur to stid ASSOCIATIOI.,nnd comply �t
<br /> with all the eequirements of the Constitution and ByLaws of said ASSOCIATION;then these presents shall become null and void,othecwiu thty
<br /> shaU ttmain in full force and may be foreclottd at lLt uption oC Ihe said ASSOCIATION a(ter failiue fm [hcee months to make any ut saiS
<br /> � payments ur 6c three months in arrexrs in making said munlhly payments,or to keep and wmply with Ihe agreements and conditiuns uf said Oond; . . .
<br /> and Mortgagor agrees to have a�oceiver appointed fortha'ith in such forecWsure proaedings. , � . �� . .
<br /> 1(lhere is any change in ownership of the real esiate murtgaged herein,by sile or otherwix,dien the mtice ecmaining indebtedness heceby
<br /> socured shall,at the optivn of The Equitable Building and Loan Associalion o[Grand Island.Ne6rasl:a,bewme immediately due an1 payabie without
<br /> further nutice,and the amuunt remaining due under said bond,and any other bond(or any additional advances made thereunder,shall,Crom the
<br /> dak of exercise o(said option,bear interest at the maximum legal rate,and tLis mortgage may thcn be Coreclosed to satis(y the amuunt due un said
<br /> bond,and any other bond for additional advantts,togetlier with all sums paid by said The Equitable Building and Luan Auucc+tion of Gcxnd Island,
<br /> Nebraska fur insurana,taxes and assessments,and abstrading extension charges,with intemst thercon,(rom daa oi payment at the maxicnum
<br /> legalralt.
<br /> As provided in the Bond ucured heceby,white this moctgage nmaint in eCfe;.:::.e mortgagee may hereafter advance additional sums to the
<br /> ers of said Bond,their assigns or successors in intercst,which sums shall be within the security of this mortgage tha same ns the funds ori�inally
<br /> cured thereby,the total amount uf principal debt nut to cxceed ut any time the original amount af this mortgage.
<br /> � :
<br /> Dated this _ day of ApPi l n. ly'i76 �
<br /> ,�h.,�_ ,� � �P �(7/1�t c_ ��,^� .�,� �
<br /> yman J. ass fllen . ass
<br /> STATE OF NEBRASKA,�u On tMs 2nd day of Apri 1 19�6 .6efure me,
<br /> COUNTY OF HALL
<br /> the undersigned,a Notary Public in end for said Caunry,pe�wnally came �� � '
<br /> Lyman J. Cass and Helen E.`Cass, each in his and her own right ,vho are personallyknawnto T ' �
<br /> and'as spouse of each other, ` '� �'�
<br /> me to be the ideptica!pumn g whose name g affixed to the above insuument as moctgagor S xnd they �VOm��Y � � ��F
<br /> �
<br /> acknowledged the ssid instmment to be thei r YolunWry act and dead. �'� � ; .-
<br /> WITNFSS my hand and Notuia15oa1 the date aforesaid. ; /, ��{� �
<br /> &ENe�ai eci�lwCoram�aonrx a ,�;Pi�fG7 �� C--��'L^
<br /> � . . ��ror� - '��
<br /> � i Notary Pub6c`
<br /> � i�...:. . L:19:9 .� r��''" . .
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