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<br /> MORTCAGE
<br /> �fORTGAGE LOAN N0. L 22�331
<br /> KNOWALLMBNBYTHGSEPRESENTS:That Lawrence R. Vedsted and Gertrude E. Vedsted, each 111
<br /> � his and her own right and as spouse of each other
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> � � Twentv-three Thousand Six Hundred And No/100-------------------------------------- �oLtnRs
<br /> loaned to said mortgagor by The Equitable Duilding and Loan Association of Grand Island,Nebras}:a,Mortgagee,upon 236 shares of stock of
<br /> ? said ASSOCIATION,Certificate No.L22 331 ,do hereby g�ant,convey and mortgage untu the said ASSOCIAT(ON the foilowing
<br /> described real estate,situated in Hall Coun}y,Nebraska: -
<br /> THE EASTERLY ONE HALF OF TNE WESTERLY ONE
<br /> ' HALF OF THE NORTHERLY ONE HALF (E2WZN�) OF
<br /> BLOCK TEN (10) IN 6JINDOLPH'S ADDITION TO
<br /> THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA. '
<br /> ; E
<br /> fi,.: � . � . . . . . .
<br /> together with aU Ihe tenements,I�crcditaments and appurtenances lftereunto helonging,including attached iloor coverings,all window screens, . . .
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plwnbing and water equipment and accessories therew,pumps,stoves, � . �
<br /> refrigerators,and other fixtures and eyuipment nuw or herea(ter altaclied tu or used im m�nectiun with said real estate. � � � �
<br /> And whereas the said mortgagor has agreed and does hereby agree di�t the mortgagor shall and will pay all[axes and assessments levied or
<br /> asussed upon said pcemises and upon this murtgage and the bond secured theraby before ihe eame shall bacome delinquenr,to(urnish approved
<br /> � !, insurance upon the buildings on said premiscs simated in the sum of S Z3,600.�� paYable to s�id ASSOCIATION and to deliver ro said
<br /> ASSOCIATION thc policies for said insurance;and not to commit or permit any waste on or about said premises; � . : .
<br /> In case o(default in tht per(ormance of any o(the terms and conditions oC this murtgage ur the bond secured heceby,the mortgagee shall,
<br /> on demand,be entitled to immeJi�te posussion of the mor�gaged premises and �he mortgagur here6y assigns, transfers and uts over ro the
<br /> mortgagee all the cents,revenues and income to be derivtd from the mortgaged premisas during such time as the mortgage indebtedness shall remain �. . �
<br /> . unpaid;anJ ihe murtgagee shall have ihe power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting � � �
<br /> the same and collecting t6e rents,re�•enues and income,and it may pay out o(mid income all expenses of repairing said pcemius and necessary
<br /> ' commiuions and expenses incurred in renting and managing the same and o(collecting rentals there(rom; the baiance remaining,iC any,to be
<br /> � applied townrd the discharge of said morigage indeb�edness;these rights of the mortgagee may be exercised at any time during the existence of such � � � .
<br /> default,irrcspective of any lemporary waiver oI thc same. . . . �
<br /> 7heu Preunts,tmwever,are upun the Condition,That if the said Alortgagor shall repay said loan on or beCore Ihe malurity of said sharcs by . . �. �. . �
<br /> .::�':� payment;pay monthly to said ASSOCIATIO\oC the sum Speci�eS in the Dond secured hereby as interest and principal on said loxn,on or before �. ,-
<br /> the Twentioth day of each and every month,until said lo�n is fully p�id;pay all taxes and as:essments levied agains[said premises and on this�tortgage
<br /> and the 13ond secured thereby,be(ore delinquency;furnish approved insurance upon the buildings thereon in tl�e sum oC S 93�(��.QQ PaYable � � �� . .
<br /> !� to said ASSOCIATION;repay tu said ASSOCIATION upon demand all money bq it paid for such taxes,assessments anel-insurance wrth interest at � � , - �
<br /> �. �t the maximum�egel rate thereon from date of payment all of which�lortgagor hereby agrees tu pay;pe�mit no waste on said peemises;keep and comply : , �
<br /> wi�h all d�e agreements and conditions of�he eond for 5 23 600.QO �his day given by the said Ator(gagor to said ASSOC(ATION,and comply
<br /> - wi�h all the requirements of the Constimtion and f3yLaws of'said ASSOCIATION;then these pmsents shall become null and void,otherwise they � �
<br /> shall remain in fuil forcc and may be foreclosed at the option o(the said ASSOCIATION after Cailure for three mondu to make any oC said
<br /> payments ur be three months in auears in making said monthly payments,or tu keep and comply with Ihe agreements and conditions o(said Bond; �
<br /> and�Sortgagor agrees to have a receivzr appuinted forthwittt in such foreclosure proceedings. � .
<br /> If tliere is any change in ownership of thc real estate mortgaged herein,by sale or othenvise,then[he entire remaining indebtedness hereby ��
<br /> r� ' secureJ shall,al the option of The Equitablc Duilding and Loan Association uf Grand Island,Nebraska,become immediately due and payable without �
<br /> further notice,and the amount remaining due under said bond,and any othec bond Cor any additional advances made thereunder,shall,from the
<br /> dale of exercise o(said option,bear interest at the maximum legal rate,and this mortgage m�y then be foreclosed m satis(y the amount due on said
<br /> bond,and any other bond for additional adnnces,together with all sums paid by said The Equitable Building and Luan Aswciation of Grand Island,
<br /> Nebraska for insurance,txxes and assessments,and abstracting extension charges,with interest thereon, from date ot paymrnt at the maximum
<br /> legalrate. .
<br /> As provided in the Bond secured hereby,while this mortgage remains in e(fect the mortgagee may hereafter advance additiona(sums to the
<br /> makers o(said Bond,their assigns or succcuors in interest,which sums shall be within the securiry of tlus mortgage the same as the Cunds originally
<br /> secured thereby,the total amount of principal debt not to exceed at any time the ori�inal amount of this mortgage.
<br /> — ceam;r lOth �Se e� ^��� "��76 ,�
<br /> � J`i;�.i r i�,f;� �; - %�'�r'./-.G'
<br /> 5 Lawrence R. Vedsted � Gertrude E. Vedsted
<br /> STATE OF NEBRASKA,�ss. On this l�th day of September 19�6 ,before me,
<br /> COUNTY OF HALL
<br /> the undersigned,a Notary PubGc in and for said County,personally came "<� c:r:�,
<br /> Lawrence R. Vedsted and Gertrude E. Vedsted, each in his and her own right and as 5pouse ` N ,`„`
<br /> of each other ,�.�:;�
<br /> µh° are Perwnally'Icnown to
<br /> � me to be the idenU!�t1,���n$;Fl��?twhose namc5 dP2 affixed to the above instrumen[as mortgagor 5 and they uverally �
<br /> � acknowledged IResa7c��jnrtYttrtron{t�lNl^ thei r voluntary act and deed. (� '" .
<br /> l��'I'�NESS my'�erk1 a�•,Not ial Sexl the date aforesaid. � . , /� �
<br /> � 1% 4�Y CSmmisSiun,e�x{lias�� ���� ���� � �--/� �Y f
<br />�. '; , � t! Yf�"l�1 �7� 'tJL�GZC-��
<br />� '.,,,;. ; - : t�( NotaryPubtic
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