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<br /> �fORTGAGE — -- —
<br /> ---- 1fORTGAGii LOAN NO.L_ ZZ,294 _
<br /> - �:noµ'AI.}.t+1GNUYTIIliSLPRI;SGNTS:1'Imt Clark W. Reese and Karen L. Reese, each in his and her
<br /> 'i own ri ht and as s ouse of each other,
<br /> �.M 9 P �tor�gngor,wLetlmr one or mure,in cunsidcration uf the sum uf
<br /> j Twenty-five Thousand and No/100--------------------------------------------"""'Vo�[.aRs
<br /> ` luaned lo said nwrtgagur by 7'he C•yuitable Building and Luan Associatiou o(Crand I}land,NebrasF:a,Aturtgagee,upon 250 shares u(stock of
<br /> Xk s�id ASSOCIATION,Certificate No.L 22,294 ,dn hereby gr�nl,comey and mongage unW the said ASSOCIATION the following .
<br /> described real estale,si�uated in Ilall CuuNy,t�e6raska:
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<br /> ? LOT SIX (6) IN BLOCK THREE (3) IN
<br /> '' KNICK.REHM FOURTH ADDITION TO THE
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<br /> CITY OF GRAND ISLAND, HALL COUNTY,
<br /> �;; NEBRASKA. � � �� �
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<br /> tugedier �eith all tlie ieneinems,h�redit:iments anJ�ppunensnces the�euwu brlun�;ing,includinc att�ched Iluor cocerings,all u�indow screens, . . .
<br /> window shades.lilinds,slunn���indu���s,aH'nings.hr�Iiuc,air cunditiuning,and plwnbin�;and�cuter equipment and accassunes thereto.pumps,stoves, � . . � .
<br /> "`::; telriger��urs,8111I OlI7Ci�I%Illfl'S 9IIlI 2yll1�fI17201 IIUIY Uf Ill'fCe�ll'f 1�I�1'Ill`l�IU Of IISI'tI in cunnectiun with said re�l estate. . � . . .
<br /> .�j �1I�\\'Ill'fl'�S�IIt'S:IIII I71�I1�:��;Of�I:IS l�;Itl'lI:IIIII IIUI'S�Il`f2I))'��!Il`C 1�131 lhC I71�)f!l:ll'Uf S�I:III 8I1�\YIII��Y AII f'A%CS�111I e55CS5iI7CI1[5 ICVItI�Uf � � �
<br /> ' asussed upon said premises and upun this nwrtgaga and�he bond scrured ihereby hatore the samr sl�all become detinyuent:to furnisfi�ppro��ed � . . .
<br /> � insu�ance upon the bUlllllll�;S UIl 5811I�(l'f1➢51'S SIILL9Il'lI in die sum ul 5 L5 �Q� �� {'�).ihle to said ASSOCIATIO\ and to deliver W said � . .
<br /> ASSOCIATION die puLcies fo�said inswance:and not to cummit ur pernu��ny waste m�ur abuut vid premises: ' . . .
<br /> In case ul delault in the perlormance u(�ny oi ihe terms and conditiuns of this murtgage ur die bond securcd hereby.the murtgagee shall, . � ..
<br /> on demand,be cntideJ tu imnrediate possessiun ul tht nwrtEaged premises and die nwrt};agor hereby assigns, transfers anJ sets uver tu ihe . � , �
<br /> mungaeez all tlie rents,revenues and incume�o b:derired!rom�he murtg�eed premises durin5 sucL time�s the nrorlgage indebtedness shall rcmain � �
<br /> � 011�)�III::IfIII(Ilt IllUflClll'l'SI18II Ile\C thc power tu appuint am•agcnt ur decNs�� m�y desirc foe thc purpose of repa�nng said premises anS renting . . . - .
<br /> ..,� �he s�me:�nd cullectmc the rems,re�rnucs and incume.and it may pay uu� ol's�id income all expanses uf repairing said premises and necestary .
<br /> ;..;s� cummissiuns and cxpenses incurred in reming and m�naeing the same and of'cullecting renials the�efrom: thz 6alance remaininc.il any.to be . .. . . . .
<br /> applied toward the Juch��.c oi said mu�teage indrbtedness:thrsa ri�lns of th^murtgagee may be rxercised st anv time during the existence uf suclt .. . . .
<br /> +��i de(ault,irrespective of an}�icmpuran'w�aivcr ui'tl�e eame. . �
<br /> Thece Prestnu,ho�ceeei,are upun the ConJition,That il thc s�id�InngagOl SI18II ICV]\'S]IlI IU:1I1 Ufl U[bciorr the inuWrity of said shares by . .
<br /> ..t, payment:pay munthl��to said ASSOCIAllO\of ihe sum sprci(icd in d�e ISunJ secured hereM�as interest:tnd principal on said lunn,un or befbrc ; .
<br /> l�ll`T\5'l•Illll•l�l(�:IY U�l`;ll'�l Alll�t'YC()'I17UIII�I.11illl�S:III��U:IfI IS II1��Y�)�Il�:v:l)':1��l�XC5:ltll�dSltS)flll'i715�t\'12�:I�;:Ilflil 17I(��1ICfIlISCS elll�OIl I�II$�tUf��'8l_'C
<br /> and Ihe pnnd secured Ihereby.belura delinyuenc�.turnish appcuccd insuranee upun the bui(dings iherron in the sum uf 5 5�Q��.Q� p�>'�ble . �� _
<br /> to said ASSOCIATIO\:rep�� tu�aid ASSOCL�710\upon dcmand all muncy by i�paid fi,r such tases,asscssnrents an�insurance wuh interest at .; - .
<br /> IIIL'I08SI010111 IPLeI IJIC[I1CfCUi1 ItUfil tlJll`OI�J1'1➢ttll:III U�which�Iur�gaEor herc6y agrecs tu pay:permit nu waste un s�id premims:keep and cuntply . �. . :
<br /> �eith all the agreemrnis.md conditium u(ihe[iund Im S 25�QQQ.QQ this Jay ci�en bp tLe vid\lortgagur tu said ASSOCIRT101,and cumply
<br /> 1\'11I1 JII Illt`(B(�UIII'illl'III$UI fllf LUIl5l11p11011�IIII BY�LdN'S U{5lIlI ASSOCIATION:tlicn these�fll'S21115 SII:III I12CUIIlB null and vuid,othenvise they - . .
<br /> = SIl]II!l'lll:llil IIl�11���lffl'C:llll�117:1�'�l'IUf�`t'�(15l'�:If I�IC uptiun u(ihc s�iJ ��$S(x.���T��� :t��l'I �:Il�ll(C 1�( L�ifCl' I111�111�15 Il1 tP��:C�Il�'U� Sl1� - . . .
<br /> " paqments ur be thiec munths in arrra�s iu m�kinE�.s�id munthly p:rymcuis,ur tu keep and cumplyµ�itl�the agreemrn�s and conditions ot said Uund; .
<br /> �nJ�lurtgagur agrers tu ha��e a recel�'er�ppuinleJ furlhwith in such tureclusure pruceeuin�;t.
<br /> li�here is any changc in uwnr�ship uf tl�c real estatr mortgaged herein,by s�le u�o�henvise,thtn the entire rcmaining indeblcdness he�eby �
<br /> xcured sh�ll,at the upliun u�Thc[yui�ablc Uuilding and Luan Associatiun ul Grand Island,Nebr:�ska,becume immrdiatcly duc and p�yable withoul
<br /> furthe� nuticr.and ihe�nwwu rcm�ining du.11i1(�tt 5�I(I�UIIII.9I7�8II\'UIIII•f I)UOII�Uf:10)'8(IlI1hUI1:lI HtIV�III'PS III�IIC LIIC(CLLlll�l'f.SIffiII.GOI71 lI1C .
<br /> dale of exercis'c uf said uptiun,bea�IIIICfCSI:tl(IlC II78XII17UR7 Il'�!JI f81C,8I7(I II115 IIIDIIE83;1'may U�en be(ureclused to v�isfy the anwunt due un suid - �
<br /> bond,and any Ullltf I1U17(I�Of�lllllUUll;II etIV8111'B5.Wl'Clllt'f N9II1 8II SWI75 F)elll bY Sfli(I�IlC P.yuit�6le Building and Luan Assuciatiun ut Grand Island, �
<br /> Nebraska;or insurance,tases�nd asussments,and abslracling ex�ensiun ch�rges.wi�h inte�est Ihereon, frum date of payment at the m�ximum
<br /> leg�l rate.
<br /> As p�ovidrd in�he Uond secured hcreby.whilc�his murtg�ge rrm�ins in clfect thc mungagee may I1C(C3�Il•f:IIIV]fICC J(I(IlllOfl�I SWI75 fU�IIC �
<br /> I71�{:tIS ll�1:IItI FSl1i1(I.�I1CIf�SSIFIIS ll!Sllll'l'SSUf51i1 Iil�l'It'Sl.\1'IIIIII SI11111 SIiJII I/C\41lVllfl llll'cCl'11fIlV O�1�115 IIll1(IKBKC lllr S8I11C us thc funds origin�lly
<br /> ucured thercby,the total amouni u(princip�l debt nut tu escecd ai any time the uriginal amuunt o(tlii:murtg�ge.
<br /> o�<<a u�;5 11 th a�y��r August �.n..i�� 76
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<br /> Clark W. Reese f:aren L. Reese
<br /> STATIi OF N[BRASF:A, ��tIl AU USt �6
<br /> ss. On this day oC 9 I'I ,before me,
<br /> COUNTY OF t1ALL}
<br /> tha undersigned,a tiutary Public in and for said Cuunty, eaunally came r..�.- ,.a����
<br /> Clark W. Reese and Karen L. Reese, each in his and her own right and as spouse o�each � �'
<br /> ' Other� -tcs-��h<.� `°�10 are rersunallyknuwnto . N
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<br /> � me to be the idetd�c;{}�etvn..g �����hpse name S dre'. affixed tu the above insuwnent as murtgagor S �n� they severally
<br /> . acknuwledgedQf�¢a�d msliumentaah�� ;�t,hei r �'oluntary act anJ deod. � r'��.
<br /> ���-R7TNESS'my l�and and!J}jtanal Se�l tha datc afoms�id. �
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