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<br /> 76- (�()�621
<br /> MOItTCACG —
<br /> MORTCAGL'LOAN N0. L L2+�29
<br /> KNOWALLMGNBYTHBSEPRESENTS:That Kendall M. Nielsen and Evelyn J. Nielsen, each lfl h75 �
<br /> and her own right and as spouse of each other,
<br /> £ ________ Mortgagor,whether une or more1 in considcretion of the sum of
<br /> y Twenty-nine Tnousand and No/100--------- ppL�pi�
<br /> s loaned to said mortgagor by The Cquituble Duildin and Lo�n Association uC Gwnd Island,Nebraska,Mortgagee,upon 29� shares of'stock o(
<br /> said ASSOCIATION,CertiGcate No.L 22+��9 ,do hereby grant,wmcy and mortgage unto the said ASSOCIATION tl�e following
<br /> 1, described real eslate,situated in liall County,Nebraska:
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<br /> LOT TNIRTY THREE (33) IN CAPITAL HEIGHTS
<br /> SEVENTH SUBDIVISION, HALL COUNTY, NEBRASKA.
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<br /> . together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,alt window screens, - �
<br /> window shades,blinds,s[orm windows,awnings,heating,air conditioning,and plumbing and wxter equipment and accessories therero,pumps,stoves,
<br /> ,`i refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said reul estate.
<br /> And whereas the said mortgagor ha�agreed and does hereby agree that the morlgagor shull and will pay all taxes and assessments leried or
<br /> assessed upon said premises and upon this mortgage and the bond secS�r d IheaebyObefore the same shall become delinquent to(umish approved � .
<br /> insurance upon the buildings on said premises situated in the sum oF 5 L�e UU U payable to said ASSOCIATION and lo deliver to said �
<br /> ta ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said pramites; �
<br /> In case o(de(ault in the pedormance ot any of the cerms and cunditions of this mortgage or the bond secured hereby,the mortgagee s}�all,
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets uver to the ,.
<br /> murtgagee all the rents,revenues and income to be de�ived from the mortgaged pcemises during such tune xs the mortgnge indebtedness shall remain .
<br /> unpaid;and�hc mungagee shall have the power to appoint uny agent or agents it may desire for the purpose o!repairing said p�emises and renting , .
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income all expenses oC repai�ing said premius and necessary � .
<br /> commissions and expenses incurred in renting and managing the same and o(collccting rentals therefrom;the balance remaining,if any,w be -
<br /> applied toward d�c discharge oC said murtgage indebtedness;Ihese rights of lhe mongagee may be exercised at any time during the existence ot such
<br /> _ default,irrespective oC any temporary waiver of the same. �
<br /> These Presents,however,are upon thc Conditiun,That i(Ihe said�tortgugor shall repay said loan on or before tho maturity of said shares by . �� �
<br /> payment;pay munthly to said ASSOCIATION uf the sum specified in the Bond secured hereby as interest and principal on said loan,on or before �
<br /> ihz'Cwentieth day o(each and every month,unti!said loan is fully paid;pay all taxes and assessments levied against said pcemises and on lhis Afortgage
<br /> and the Bond secured thereby,befoce delinquency;fumish appmved insurance upon the 6uildings thereon in the sum of S 29 e���.�� p�yable �. �
<br /> to said ASSOCIATION:repay lo said ASSOCIA770N upon demand all money by it paid(oc such taxes,assessmenu and insurance with interest at � .
<br /> Ihe tnaximum legal rate thereon from date of payment all uf which�forlgagur hereby agrees m pay;permit no wasle on s:wiS premises;keep and comply � .
<br /> with all the ugreements and conditions of the Uond for 5 29����.��his day given by the s:iid�fortgagor to said ASSOCIATION,and comply �
<br /> with�II the reyuirements oC the Constitulion and ByLaws uf said ASSOCIATION;then these presents shall become null and roid,otherwise they
<br /> sl�all remain in full foree and tnay be foreclosed a�the optiun of the said ASSOCIATION after lailure for three monlhs tu make any of said
<br /> i:�_, payments or be three months in a�rears in making said monlhly payments,or W kecp and comply with the agreements and condition�of s�id 13ond;
<br /> and Alortgagor agrees to have a receiver appointed(orthwith in such foreclosure p�oceedings.
<br /> If there is any change in uwnership of the real estate mongaged herein,by sale ur utherwise,then the entire remaining indebtedness hercby
<br /> �•^d:hall,st the ep:ion of The EGui:ab:e Bui!ding and Le�n Assnciation of Grand Is1and,Nebrnska,becume immediately due andpayable without
<br /> furthet nutice,and the amuunt remaining due undcr said bond,and any oiher bund for any addi[ional ad�vnces made tltercunder,shall,from the
<br /> date u(exercise o(mid option,bear intercst at the maximum legal ra�e,and Ihis mortgage may Ihen be(oreclosed ro salisfy the amount due un said
<br /> ` bond,and any other bond Cor additional advances,together wilh all sums paid by said Tho Equitable Building and Loan Association o(Grand Island,
<br /> �-' Nebraska(or insurance,taxes anS assesmten[s,and abslracting extensiun charges,with in[erest theceon, from date of payment at the maximum
<br /> legalrate.
<br /> As provided in the$ond secured hercby,while this mortgage remains in effect Ihe mortgagee muy herea(ter advance addition�l sums to the
<br /> makers uf said Uond,their assigns or successurs in interest,which sums shall be within the security of this mortgage the same as the funds ori�inally
<br /> ucured�hereby,the total amount o(principa]debt not to exceed al any time the original amoun[o(this mortgage.
<br /> ' ���ea cn�s Uth a�y yr May n.:�.,t�76
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<br /> � �/� r/���"i�����f.cL-',si:/ ,i.�L�'�ti-r� - �� i r �- 'ri L' —
<br /> R�i�d'a . i sen .
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<br /> STATE OF NGBRASKA,�ss. On this ��th day of Ma 19]( ,betore me,
<br /> COUN7'Y OF HALL y �I ,
<br /> . � ihe u elersi�ned a otary Yublic in and for said Cuunty,persunally came , � � Y,-��.
<br /> Kendall M. Nielsen and Evelyn J. Nielsen, each in �iis and h�er N :;,, .
<br /> own `right and dS spouse of each other W�» dl'B perwnallyknownto 9 ,
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<br />� ' me to be the identEcal perwn 5 whose name 5 affuced ro the above instminenWs mottgagor S and th2}/.,.severally � '
<br /> � l�' , � acknowledged the said instroment to be thei r �•oluntary act and deed. i_� - / r" ,
<br /> u�, , WITNESS my hand and Notarial Seal the date a(ocesaid. � /; �// � � j� �
<br />�� My Commiuion expires , �' �' �� L. / ��_`��, .
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