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<br /> MORTCAGE
<br /> MORTCACC LOAN N0. � Z2.�6�
<br /> KNOWALLMENSY7NPSEPRESENTS:That Marvin L. Waterman and Carolyn K. Waterman, each in his
<br /> rand her own right and as spouse of each other,
<br /> � Mortgagor,whether one or more,in considentton oC the nun oC
<br /> � Siv Thnueand Cnvan Hnndrarl a�d NO/100---------------------------------------------flOLLARS
<br /> 1
<br /> loaned to said mortgagor by The Equitable BuHding and Luen Association of Crand Island,Nebraska,Martgagee,upon 67 sharea of srock of
<br /> �f'� ' taid ASSOCIA'f10N,Certifipte No.L 22�7(� ,do hereby grant,wnvey and mortgage unto the satd pSSOCIATION the following. !
<br /> deuribed real estate,situated in Hall County,Nebreska:
<br /> 3
<br /> : !A
<br /> ��,�,i�.. . . � .
<br /> -� LOT SIXTY FOUP. (64;, IN WEST HEIGHTS
<br /> .�. � �'��
<br /> � AODITION TO THE CITY Of GRAND ISLAND �
<br /> �
<br /> � � NEBRPSKA.
<br /> ..�
<br /> � �
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<br /> `� together with all the tenemenn,hereditaments and appurtenances thercunto belonging.including attached floor wveringz,all wlndow xreens,
<br /> 'i window shades,blinds,storm windows,awnings,heating,air mnditioning,and plumbing a�d wamr equipment and accessodes thereto,pumps,stovea,
<br /> i reGigerators,and otherTixtures and equipmrnt now or hereafter attached to or used in connection wi�h said real estata
<br /> �, � And whereas the said mortgagor has agceed�nd dos hereby agree that the moctgagor shall and will pay all taxes and asseumenu levied or
<br /> asxsud upon said premises and upon this mortgage and the bond secured thereby be(ore the same shall become delinqurnt;to Furnish approved-
<br /> j insurance upon thc buildings on uid premius situated in the sum oC S(�JQO.QQ payable to said ASSOCIATION and to deliver to said
<br /> � ASSOCIA7'ION tht policies(or uid insurana;and not to commit or perm�t any waste on or about said prcmiser,
<br /> � In case of default in the per(ormana of any of the terms and conditions oC this mortgage or the bond secured hereby,the mortgagee shall,
<br /> ' `� on demand,be entiUed to immediate possession of the mortgaged prcmises and the mortgngor hereby auigns, transfers and utt over to the
<br /> � mortgagee all the renis,rcvenues and Income to be derived from the mortgaged premius during such time as the mortgege indebtedness shall rcmaln
<br /> � unpaid;and the mortgagee sh�ll have the power to appoint any agent or agenu it may desire for dm purpom of repauing said premius and rcnting
<br /> ��# the same and collecting thc rents,revenues and incort,and il may pay out of said income all expenses oC r.pairing said premises and neressary � .
<br /> ? commissions and expenses incurred in renting and managing the same and of collecting rentals themfmm:the balana remaining,if any,to be
<br /> ; applied toward the discharge of said mortgage indebtedneu;theu rights of the mortgagee may be exerciud at any time during the existence of such
<br /> � de(ault,irrespective af any tempnraty waiver o!the ume.
<br /> � Thcu Preunts,however,arc upon the Condition,That if thc said Atortgagor shall«pay said loan an or bc(ore the mamriry of said shares by
<br /> payment;pay monthly to said ASSOI:lAT10N of the sum specified in the Bond ucured hereby as interest and principal on said loan,on or before
<br /> • � the Twentieth day of each and evcry month,until said loan is fully paid:pay all taxes and asse:sments levied against said prcmises and on dds Dtortgage
<br /> `1 and the Dond ucured thereby,before delinqumcy;turnish approvcd insura�ce upon ihe buildings thereon in the sam of b6+�00.00 payabk
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand ail money by il paid!or such taxes,assessments and insurance with interest at
<br /> the maximum legal rate thereun from date of paymmt all of which Mortgagor hereby agreu to pay;permit no waste on said premises;keep and comply
<br /> F wi�h ali the agreements and conditions of the Bond for S 6����.0� this day given by the said Afortgagor to said ASSOCIATfUN,and comply
<br /> with all thc requircments of the Constiwtion and ByLaws of said ASSOCIATION;then these presents shall become null and void,otherwise they
<br /> i sha0 remain in full force and may be(orccloxd at the option uf the said ASSOCIATfON after fxilurc for three months to make any of said
<br /> paymenls or be ihree months in arrears in making said monthly payments,or ro kcep and comply with the agrcements and conditions of said Dund;
<br /> and htortgagor a�ees to have a receiver appointed forthwith in such foreclosure proceedings..
<br /> If thcre is any change in ownership o(thc real utate mortgaged herein,by sate or othcrwise,thrn the entirc remaining indebtedncu hereby
<br /> secured:hall,a�thc optiun of The Gquitable Building and Loan Associatinn of Grand Island,He6ra:ka.bewme immediately due and payable without
<br /> further notice,anJ the amount remaining due under said bond,and any other bond fofan'y.additlonal advances made ihereunder,shall,(rom the
<br /> 4 date of exercise of said option,bear iNerest at the maximum Iegal rate,and this mortgage may then be forccloud to;atisfy the amount duc on said
<br /> bond,and any mher bond for addition�l advanas,together with all sums Qaid by said The C•quitable Building and I.oan Aswciation of Grand Island,
<br /> } Nebraska for insurance,taxes and axsessments,and abstracting extension charges,with.interut thereon, Crom date af payment at the maximum
<br /> legal rale. • .
<br /> ° As provided in the Bond secured hereby,while this mortgage remains in effut the mortgagee may hercatter adnnce additional sums to the
<br /> makers of said[lond,their assigns or successors in interat,which sums shall be within the security of this mortgage the same as thc Cunds originally
<br /> ucurcd themby,the totat amount of principal debt not tu exacd at any time thc ariginal amount of this mortgega
<br /> Datcd this 3rd d, of Jtuie A.D.,1� ?6
<br /> � GQ.-�--- r`� Z?��.�( .-FfB,� /L��-�c%
<br /> v�n . a e rr a 1"(.'�cY`bT9riTK� Fr
<br /> + STATE OF NEBRASIfA,(
<br /> �' u. On this 3rd day of JtII1e 19 76 ,before me, ;
<br /> ♦;COUNTYOFHALLJ _1
<br /> the u decsi n d,a Nota blic in and for said County,personally came i i
<br /> i ��arvin L':'iJaterman and Carolyn K. Waterman, eac�i irf�iis ar7dP'�er ; N iu'
<br /> ! ci�n right:and�as spouse of each other Wno are permnallyknownto �,,.;
<br /> I� .. . � h,�_.
<br /> t; me to be the identical person 5 whou name 5 a(fixcd to thc above instrument as mortgagor5 and th2y uverally ,+� L,, :
<br /> � acknowledged the said instrumentto be thei'r voluntary act and deed. � ��
<br /> � W(TNESS my hand and Notarial Seal the date aforesaid. � x -�
<br /> �fy Commluion expues 11�12�79 � � � �
<br /> C?'�".�r-i/
<br /> Nutary Public
<br /> � 3732M ���•��
<br /> ��'��a LpIM�1L tf�
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