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<br /> 76-�0 0 3_11'7
<br /> AtORTGAGE
<br /> !�fUlt'fGAGfL0ANN0. L PP,169
<br /> 'I�A'OWALLhiGNUYT11liSGPRIiSCN7s:That Richard D. Vaughn and Sharon S.Vaughn, each in his and
<br /> I ' her own right and as spouse of each other,
<br /> .� � , Mu�tgagor,whether onc ut nwre,in wnsidunqun of tha sum of �� �
<br /> Thirty-two Thousand and No/100----------------------------------------------------bot��t�s
<br /> luaned lo saiJ morlgagur by 7'hc L•yui��blc(luilJing anJ Loan Aswciatiun of Grand Island,Ncbraska,Afortgagee,upon 3ZQ sl�arcs af stuck of
<br /> saiJ ASSOCIATION,Certificale Nu.L 22�1 b9 ,do hcrcby g�ant,cunvcy and mortgage untu the said ASSOCIAI'ION the fotlowing
<br /> Jescribcd real estalc,siWated in Hall County,Ncbr�ska:
<br /> LOT FIVE (5) IN BLOCK ONE (1) IN
<br /> PLEASANT VIEW FOURTH ADDITION TO THE
<br /> CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<br /> �
<br /> togatl�rr witli all �he tenements,heredi�aments and appu�lenances�hereunlo belonging,including altached floor coverings,all window screans, .
<br /> winJow shadcs,blinds,S�UffO\YIOIIUIYS,8N'111i1(;5,IIC8hi1�',81(CORdillUfllll�!,miJ plmnbing�nd watcr equipment und acccssories the�rto,putnps,sluves.
<br /> refrigeraturs,aud uther fix�ures anJ cyuipment nuw on c�reafter attacheJ tu ur uscJ in cunnectiun wilh said real eslate.
<br /> , And u•hereas�hc said mottg�gur has agcecJ anJ ducs hcrcby agrcc that lhc mun�:agur shali and wili pay ali taxu and nssasimems levied or �
<br /> assessed u�xm said premixs and upon lliis morigage and the bond secwcJ there6v belore the sama:hall becume delinyucnL•tu furnish approved
<br /> insurance upon Ihr buildings on said prentises siiva�ed in the sum of 5 SZ����.�0 payable to said ,lSSOC'IA770N and ln dolirer to said �
<br /> ASSOCIA7'ION Ihc pulicics for s:iid insurancc;and not tu cummi�ur pctmi�any wasic un or abuut s:iid premius:
<br /> In cau of Jcfault in the perfonnance uf any uf Qie tenns and condilions of ihis murtgage or tht bunJ securcti heteby,Ihe nwrigagce thall,
<br /> un dcmand.bc enlitleJ to immcdiele posscuion uf thc mort5sged premius and the murtgagur hercby assigns, trane(ers and sets ore� tu du
<br /> . mungagec all Utc renls,revenues and incomc�o be deri��eJ Gum thc mur�gaged prcmiscs during such time ss the tnmtgage indebtedness shall ttmuin � .
<br /> unpaiJ:aud Ihe mo�tgagee shall liave lhc pnwer to appoint any agen�or o6cnti il rnuy dcsirc for dic purFwte of repairing said premises and rcnting .
<br /> the s�me und cullating thc rents,revcnucs and inrume,and it may pay uut of said income all ezpenses of repairing said prctnises and necess�ry
<br /> cummissions and expcnxs incurrad in rcn�ing and managing tlic same;md uf collecting ren�als d�ere(rom:the balance remaining,i(any,to be �
<br /> applied loward�he di�cha�Ec u(said murtgagc inJcbteducss:these rights ol Ihe mortgagce may be cxercised at any time during�he esislence o(such
<br /> . defaull;i:respective ul any tempurarp waicer uf the same.
<br /> Thesc Prescn�s,huwevcr,a�e upon the CunJitiun,TII:II II IIIC S811I��Of1�;8ElUf SII�II fl'�t�y'SdIII I0811 UII Of bC�UfC[IIC 1117111I11}'OP S:IIII SI1d(CS I7f
<br /> paymcnt;pay munthly to said ASSOCIATIO�uf Ihc sum spccificd in thc Bumi sccmcJ hrreby as intcrest and principal on said loan,un or betora
<br /> thc Twentictli day o(cad�and e�•eq-month,uatil said luan is fully paid:pay all tascs and assessments Icvied against said premiscs anS on Uiis plort�ge
<br /> � and ihe Uund secweJ thereby,before delinyuency:lurnish apprucrd msu�ance upon dre bulldings thereon in the sum o(S 32�OOO.00 payable �
<br /> to said ASSO(:IATION:repay tu said A55(H 1.1TION upon dem�nd all munc�•by it paid for such taxcs,:usam�ents and insur;mce with interest at
<br /> ihe maximum Icgal ra�c thercun(mm date uf payment all uf wliich Atongagun c�reby agrees to pay:pennit iw waslc un said premises;Aeep and contply
<br /> wilh all tha agrcemeNs and conditions uf�he Ilond fo�S 32�QQQ QOlhis day given by ihe saiJ�furtgagor tu s�iJ ASSO(:IATION,and comply . . .
<br /> with all Ihc requi�emenn uf Ihe Consti�u�iou and Hy-Laws u(saiJ ASSIX'IATION:then thesr presents shali beconte null and��uiJ,otherwise they
<br /> sha0 remain in full furce and may 6e foredorcd al thr optiun uf ihe said ASS(KIAT�ION afte� failure for thrre months to make any ol said �
<br /> �1;IVI71C015 O��C!IIItt'I11Uf11I15 Iil 8lfl`�f5 III I11JI:IIIK S811I Ol�lll{lIy�d)'illl'i11T�or�u kccp and comply wiQi ihc agrecmcNs anJ cunditions of saiJ IlunJ:
<br /> , �Ill�i��ufi��sllf�(�ICCS lU�78YL•e IfICIYC(J��JUlll�l'��Uf1�IN'1��1 III SllC�l�(Ifl`L'�l1SIlIC(1fUl'CCl�lil�'S.
<br /> If Ilicre is any cliange in o�vnc�ship o(Ihc rcal es�ate murlgaged herein,by sule ui uthcrw•iu,lhen the entire�entaining mdebtrdness hemby
<br /> securcd slmll,ai ihc op�iun of Tlic Equitable Building and Loan Associaliun u(Grund Island,Ncbraska,become immcdiately duc anJ payable without
<br /> further nuticc,and Uic amount remaining duc m�Jcr said bund,and any othcr bmid for any additiunal ad�ances madc thcreundcr,shall,(ram the
<br /> �. date uf exercise of s;�iJ uption,bear in�crest al thc maxin��um IcFal rale,and Ihis murigege m�y�hen be(orccloseJ to satisly the amuunt due on said
<br /> bond,and any ulhcr bond fur aJdi�imial advanccs,togclhcr widi all swns paid by said'fhc Gyuitablc BuilJing and Luan Aswciatiun uf Crand Islnnd,
<br /> � NehrasAa for insurance,laxes and asus.aments,and absiracting extension clmr�;cs,with inte�st thercon, from date uf payment at �ha m�xintum
<br /> Icgal ra�c.
<br /> _ As piovidcd in thc I�unJ ucurcd hercby,whilc ihis morigagc rcm�ins in cffcct the murtgagec may he�cafur advancc addiliunal sums to�he
<br /> tnakers of said Uond,thcii assigns ur succeswrs in interesi,which sums shall he�vithin thc ucurily of this mmlgage thc samc as the(unds uriginally
<br /> secured Ihereby,the�ulal amuuN uF principal deUt nat to excecd at any time ihe uriginal amount o(this murlgage.
<br /> . •a cn�: � a;�y�,r June ,�.�,.,iv 7G
<br /> �- ��G��,
<br /> Ri r D. Vaug � �
<br /> �
<br /> Sharon S. Vaughn
<br /> ' STAT,E Of NGBRASKA,1 u pn this ��th day of June 19 �fi ,be(ore me,
<br /> � ��OUWTY 0�IIALL J + �
<br /> ihe upJersigne , Nutary Public in and for said Counry,�rsunally came . i �
<br /> � Richard D. Vsughn and Sharon S. Vaughn, each in his an��ier own t '
<br /> right and as S(}OUS(? of each other 1°��O are persunallyknowntu N
<br /> � :«�:.. � . �
<br /> � me to be the idrntiral petyo�s�: G',��e�C�name S affixcd to thc abovc inslrmnent as mur�gegor S anJ they sevcrally �
<br /> acknowledgeJ the saic�Itt3}Fi1rymFlehe �j�,�t���p voluNary acl and Jeed. r. ?
<br /> 1�fd�f'.SSfi��jianJ��'�al� I Scal thc datc afurcsaid. ? � . �
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<br /> � �y�oMmissibn ex}�ircs �( ,„T�} '7/ �(�7� / /J J�/^ . .
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