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<br /> MORTGACE
<br /> A10RTGACE LOAN N0.�,152
<br /> � KNOWALLhtENDYTNESEPR�SGNTS:TIiat Kenneth E. Edwards and Sheryl A. Edwards, each in his and
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<br /> h01' OW►1 right and as Sp0Us0 Of edCh other, Murtgegor,whetheroneormore,incunsidcrationotthesumof
<br /> . ' E9ghteen Thousand and No/100-------------------------------------------------------Do��aRs
<br /> loaned to suid mortgagor by The Equitable Building and Lunn Aswciation of Crand Island,Nebreilca,Mortgagee,upun �$0 sliures of stock of
<br /> said ASSOCIATfON,Certificate No.L 2Z��52 ,du hereby grant,convey and mortgagc unto the said ASSOCIAT[ON the follawing
<br /> described�eal estate,situateu in Hall County,Nebmska:
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<br /> LOT SEVEN (7) IN BLOCK EIGHT (8) IN THE ORIGINAL
<br /> TOWN OF CAIRO, NEBRASKA
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<br /> `•.�i together with all the tenements,I�ereditaments and appurtenanc�es thereunto 6elonging,including attaclied Ooor coverings,all window screens, � �
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, '.
<br /> reGigeralurs,and other Gxmres and equipment nuw or liereafter attached to or used in connection with said real estate. ' -
<br /> And whectas the said mortgagor has agreed and does hereby agree thet the morlgagor shall and will pay all taxes and xssessmrnts levitd or ��
<br /> �.��i assessed upon said premises and upon lhis morlgage and[he bond secureJ therebv beCore ihe sxme shall become dalinquen[;to fumiah approved � � �
<br /> insurance upon Ihc buildings on said premius�ituated in the sum o(S�H����.b� pa}'able ro said ASSOCIATION end to deliver[o said
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<br /> ASSOC[ATION the policies for said insurance;and not to commit or permit any waste on or ubout said premius, � �
<br /> In case uf defauil in d�e per(ormance o(any of lhe terms and condilions o(lhis mor�gage or the bond securcd hrreby,the mortgagee sliall, . � .
<br /> on demand,be entitled to immediate posseszion o(the mortgaged premises and tiie mortgagor hereby xssigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived(rum the murt�aged premises during such time as the mor[guge indebtedness shall remain
<br /> unpaid;and the mortgagee�liall have the power to appoint any agent or agent;it may desire Cor the purpose o(repairing said premius and renting � �
<br /> the same and collecting the ren[s,revenues and incoma,and it may p�y uul ot said income all expenses of repairing said premises and neceswry
<br /> commissions and expenses incurred in ren�ing and managing Ihe same and ut collecting rentals thecefrom; the balance remaining,i(any,to be .. ��
<br /> applied toward the discharge of said mortgage indeb�edness;�hese rights of the morig�gee may be exercisrd at any time during the existence o(such �
<br /> default,irrcspeclive of any temporsry waiver of the same.
<br /> � i Thzse Yresents,however,arc upun the Conditiun,"fhat i(the s�id�lortgagor shall repuy said loan on ur before the maturity o(said sharcs by , � '
<br /> payment;pay monthly to said ASSOCIA'IION of the sum specified in the Bond secueed liereby as intemst xnd principal on s:�id luan,on or belore
<br /> the Twentieth day o(aach and every monih,until said loan is Cully paid;pay all taxes and assessmanis levied against uid premises und on this lfortgage .�� �
<br /> ' anJ thr Bond sewred thereby,befine delinquency;(urnish approved insurance upun the buildings lhercun in the sum of 5�8 e�00•�� payable � .
<br /> to said ASSOCIATION;�epay to said ASSOClA1'ION upun demand all muney by it paid fur sucli laxes,astessments and inyurance with interest at .
<br /> 5. �;, the maximum legal rate thereon from date of payment all uf which�tortgugur hereby agrees to pay;permit�w waste on said prenuses;kzop and comply
<br /> � wi[h ali the agreements and condi�ions of the Uond for 5 �H,���.��this day given by the said�tortgagor to said ASSUCIATION,and comply .
<br /> � with all the reyuirements of the Cunslilution and By-Laws of said ASSOCIATION;then dicse prcsents shvll become null and void,otherwise they
<br /> t'� � shall rcm�in in full(orce and may be fureclused at the optiun of the�id ASSOCIATIO\ a(ter lailure for three munths to make any of said � � �
<br /> � �� pnyments ur be three munths in arrears in making said monthly payments,ur lo keep anJ comply with the agreements and conditions o(said BonJ;
<br /> ' and Morigagor�grees to heve:�receiver appointeJ Corthwith in such lbreclosure proceedings. �
<br /> il there is any change in ownership uf�he real estate mortgaged hecein,by sale or odierwise,then Qie entirc mtnaining indebtedness hereby
<br /> _ �� uucured shall,al the oplion of The Equitable Building nnd Loan Aswcialion vf GranS Island,Nebraska,bemme imnudiately due and pnyable withuut .
<br /> * further notire,and lhe emounl remaining due unJer said bund,and�uy od�er bond(or any additional advances made thercunder,shall,from the
<br /> date of exercise o(said option,6ear interest at the m�ximum legal rale,and this mortgage may then be foreclosed to satisfy die amount dut un said
<br /> "r' . bond,and any other bond for additiunal aJvances,together witl�all sums paiJ 6y said 7�he liquitable 8uilding and Luan Associxtiun of Grand Island,
<br /> Nebraska for insurance,taxes and assessmen�s,and abstrac�ing extension charges,with inte�est thereon,from dale uf payment at ihe maximwn
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<br /> As p�ovided in die Bond sccuud hereby,while this mortgage remains in ef(ect the mortgagee may hem�fter advance additional sums to the
<br /> makers of said Bond,Iheir assigns or succeswrs in interest,which sums sL�ll be within the security uC this murtgage the same as lhe funds originally �
<br /> ._ secured lhereby,the total amount of principal debt nut�o exceed at any lime the original amount of this mortgage.
<br /> Ddted�his 28th day of May �.�.,iv 76
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<br /> Kenneth E. Edwards Sheryl A. E�wards �
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<br /> STATG OF NEBRASI:A, ss. On this 2$th day ot Md,Y Iv )6 ,before me,
<br /> COUNTY OF HALL� �.I ,, ;
<br /> _ the unJersigneS,a Nutary Pubfic in and(or said County,personally came � . � � y � '��
<br /> �Kenneth E. Edwards and Sheryl A. Edwards, each in his and her own right and as spouse of s� ':x�'
<br /> i each other, µ'ho dre personallyknownto �
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<br /> me to be the idcnlical perwn5 whost name S dre affixed to thc sbove instrument as mungagor S a�� they severally �
<br /> � acknowledged the said inslrument to be thei r voluntary act and deed. � ,J =-'1 r(�` �
<br /> R7TNLSS my hand and Notaria!Seal�he date aCoresaid. � `��� {t�
<br />�, � �fy Commission expires / �' � .
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<br />''ti'�A 3732M . .. ... . — -
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