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<br /> AfORTGACE
<br /> MORTGAGF:LOAN N0. j�9_149
<br /> KNOWALLMENDYTHESHPRESENTS:That W����e R. erown and Penny C. 13rown 2dC�i'� ltl h15 and her �
<br /> OWO right dlld d5 S(lOUSB of each other, htortgagor,whetheruneormore,inconsideradono[thesumof
<br /> Seventeen Thousand and No/100-----------------------------------------------------_uo�tnRs
<br /> loaned to said mortgagor 6y�hc Equitablc Duilding nnd Loan Association of Grund Island,Nebraska,Mortgagee,upon �]� ahares of stock of
<br /> said ASSOCIATION,Certificate No.L p2 �4g ,do hereby grant,convey and mortgage wrto the xaid ASSOCIAT(ON the following
<br /> described real estatc,situated in Hall County,I�ebrnska:
<br /> LOT fIVE (5), IN BLOCK FORTY-ONE (41),
<br /> RUSSEL WHEELER'S ADDITION TO THE CITY
<br /> '� OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> togetlier with atl the cenements,heceditaments and appunenances thereunto belonging,including attached floor coverings,all window screens,
<br /> window shades,blinds,srorm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessoriu thereto,pumps,stoves, �
<br /> refrigerators,and other fixWres and equipment now or hereaCter attached to or used in wnnection with said real estate.
<br /> And whe�eas the said mortgagor has agceed and ducs hereby agree diat the mortgagor shall and will pay ai!�axes and assessments levied or
<br /> assessed upon said premises anJ upon this mortgage and the bond sew�ed thereby be(ure d�e same shaU become delinyuenR to turnish approved � . � �
<br /> insurance upon the buildings on said pcemises siwated in thc sum of 5 �]�00�.00 payable to said ASSOCIAT10h and to deliver!o said .
<br /> - ASSOCIATION lhr po!icies for said insurance;and not to commit ur permit any waste on or about eaid premites; . �
<br /> In case of default in the performance of any of Ihe terms and condilions oC this mortgage or�he bond secured hereby,Ihe mortgagee shall, :
<br /> on demand,be entitled to immediate possession of the mortgaged premises xnd ihe mortgagur heuby assigns, transfers and sels over lo the .
<br /> mortgagee al�the rents,revenues and income to be decived fmm the mortgaged premises during such time as the mortgege indebtedness shall remain . .
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose o(repairing said premius 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 o!cottecting rentals therefrom; the balnnce remaining,if any,ro be
<br /> applied Wward the discharge of seid morigage indebtedness;these rights o(the murtgagee may be exercised ac any[ime during the existence of such � � �
<br /> defuult,irrespective of any temporary waivtt o(the same. �
<br /> Theu Preunts,however,are upon ihe Condition,That i(the said Afortgagor shall rcpay said loan on or before the maturity o(said shares by � . :
<br /> payment;pay monthly to said ASSOCIATION of lhe sum specified in lhe Bund secured hereby as interest and principal on said loan,un or be(ore
<br /> the Twenlieth day of each and every month,until said loan is fully paid;pay all taxes and asx:smente levied ngainst said premises and on this Atortgage
<br /> � '- and ihe Bond ucured thc�tby,be(ure delinquency;(umish appro�•eJ insurance upon the buildings theceun in the sum o(5 7� 00� QD payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and mlurance wnh interest at �
<br /> �he maximum legal rate thereon!mm date of paymenl all uC which 9lortgagur hereby agrees tu pay;permit no waste on suid pcemises;keep and comply �
<br /> -�- � witl�all the agreements and conditions o(the Dond tor S �)�OOO.00�his day givtn by the said�turtgagor tu said ASSOClATiON,and comply
<br /> with all the requirements u(the Constitution and ByLaws o(said ASSOCIA170N;then�hese presenu shall become null xnd void,othenvise they �
<br /> ��., shall�rmain in(ull force and may be foreclosed at the option uf the said ASSOCIATION aCter (ailure (or three months to make uny ol said .
<br /> payments ur be three months in arrears in making said montlily payments,or to keep and cumply with the agreemenls and conditions of said Bund;
<br /> �. and Atorigagor agrees lo have a receiver appuinted(orlhwith in such foreclosure proceedings.
<br /> [f there is any changc in ownership of the real estatt murtgaged hecein,by sale or othcrwise,then Ihe entire remaining indebtedness hcceby
<br /> s: ' secu�ed ehall,at the option of The Equilable Building and Luan Associatiun uf GranJ Island,Neb�aska,become immediately due and payu6le withuut
<br /> funher notice,and the amount remaining due undec said bond,and any olher bond(or any addilional ad�ances made thereunder,sh�ll,(rom the
<br /> � date of exercise of said option,bear intece:t at the m.ximum le�l ratr,und this murtgage may then be(oreclosed to satisfy[he amuunt due on said
<br /> 4 �� bond,and any olher bond(or addilional xdvances,together with all sums paid by said The fiquitable Building and Loan Association o(Grand lsland,
<br /> � Nebraska(or insurance,taxes and asussments,and abslracling extension cherges,with inte�esl lhe�eon,from data uf paymenl at the ma.eimwn
<br /> � legalrale.
<br /> As provided in tl�e Bond secured hereby,whik this morcgage remains in eC(ect the mortgagee may hercafter advance additiona!sums to the
<br /> makers of said DonJ,their assigns or successors in interest,which sums shall be within the xcuriry ot this mortgage the same as the funds originally
<br /> secured thereby,!he total amount o(principal deht not to exceed at any time the original amount of this mortgage.
<br /> t Dated this 27th aay or May ,�•��•,��76
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<br /> i Tie . rown enny . rown
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<br /> : STATE OF NEBRASKA,�ss. On this z�th day of May I9 �6 ,before mz,
<br /> COUNTY 0�HALL �
<br /> . tl�e undersigned,e Notary Public in and for said County,personally came +� `
<br /> Willie R. Srown and Penny C. Brown, each in his and her own ~ N {} Y
<br /> right dlld d5 SPOU50 of each other Wh� dre Personallyknownto
<br /> . me to be the identical perwn S Whose name 5 affixed ro the above instmment a:mortgagor S and they scvcrally ( f
<br /> 5t
<br /> , ' acknowledged ihe said instrument lo be thei r voluntary act and deod. ^ {�. �
<br /> - WITNF.SS my hand and Notariai 5eai the date aforesaid. ( � � ` �
<br />��e. � ;. /�
<br /> - Aty Commission expires --. � - . _.
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<br />� � / No ary ic
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