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<br /> 76- 0054'76
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<br /> MORTGACG LOAN N0. L ZP�358
<br /> KNOWALLMGNDYTHBSLPRGSENTS:That ROb@Pt B.Thompson and Gale R. Thompson, each irr his
<br /> iand her own right and as spause
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> 7wentv-severr Thousand and No/100 -----------------------------'-' """"--Do�L^�s
<br /> � loaned to said mortgagor by The Gquitable Building and Luan Associatiun o!Grand lsland,Nebraska,Dtortgagee,upon 2�0 shures of stock of
<br /> saiJ ASSOCIATION,Certificate No.L 22,350 ,do hereby grant,wnvey end mortgage untu the said ASSOCIATION the following
<br /> described real estate,siwaud in Hal�County,Nebraska:
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<br /> `' LOT EIGHTEEN (18) FREEDOM ACRES SUBDIUISION
<br /> ' HALL COUNTY, NEBRASKA.
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<br /> rogether with xll tl!e tenemrnls,hereditaments and appurtenances thereunto belonging,including attached iloor covering:,all window umens,
<br /> window shades,hlinds,smcm winduws,awnings,lieating,air conditioning,anJ plumbing and wnter equipment and accessories[hereto,pumps,stoves,
<br /> ; a re(rigeralors,and uther fixtures anS equipment now or hereaCter at[aclted ro or used in connectiun with said real estate.
<br /> And whereas the said mortgugor has agreed and does hereby agree that the mongagor shall and will pay all taxes and assessments levied m
<br /> F assessed upon said premises and upon this mortgage xnd the bond xcured ehereby before the same sltall become delinyuent;ro furnish approved
<br /> � insurance upon Ihe buildings on seid premises si�uated in the sum of S 2����U.�� payable tu said ASSOCIATION and to deliver to said
<br /> ° ' ASSOCIATION llie pulicies(or said insurance;ard not ro commit or permit a�ry waste on or abuut said premises;
<br /> In case o(default in the perConnance o(any of the terms and conditions uf this murtgxge ur dm bond secured heceby,the mortgagee shall,
<br /> �i � on dem�nd,6e entitled to immediate possession of the mortgaged premises and ihe murtgagor hereby assigns, transCers and sets over to the � -
<br /> - s mortgagee all the rents,revenues and income tu be derived from the mortgaged premises during such time as the mortgage indebtedness sha11 remain
<br /> unpaid;and the mortgagee shall have the power tu appoint any agent or agenls it may desire for the purpose of repairing said premises and renting . .
<br /> the same and collecting the rents,rovenues:�nd incotne,and it may pay out of said income all expenses of repairing saiJ pmmises and necessary
<br /> wmmissions and expenses incurred in renting and managing the same and ut collecting rentals therefrom; the balana remaining,if any,to be � .
<br /> applied toward�he discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised a[any time during the existence oC such � - � � .
<br /> H��. default,irrespective o(any temporan•waiver o!the same. � � .
<br /> ?hese Presents,twu•ever,are upun the Cunditiun,TLat if the s�id lfurtgagur shall repay said loan on or befure the maturity of saiJ shams by
<br /> paymenl:pay monthly tu said ASSOCIATION o(Ihe sum specified in lhe 6ond secured hereby as interzst and principal on said loan,on or be(ore . . .
<br /> the Twenticth dxy o(each and every month,until said lo�n is fully paid;pay all taxes and assessments le��ed against said premises and on this Afortgage
<br /> � snd the Bond secured there6y,be(ore delinyuency:tumish approved insurance upon the buildings thecean in the sum of S 2]�QQQ.Q�P�Y���� . . . � � .
<br /> ro said ASSOCIATIO�:repay tu said ASSOClAT10N upon demand all nwney by it paid fur such taxes,assessments and insurance with intetest a[ . � .
<br /> � .3 the maximum legal rate themon From date of paymenl all uC which Afortgagor hereby agrees lo pay;permit no waste on said premises;keep and comply . �
<br /> withall d�e agreements nnd condiiions of the dond(or 5 Z����D.00 d�is day given by the said Afortgagor m said ASSOCIATION,and comply �
<br /> with all thc reyui�ements o(the Cunsti�mion anu ny-Law uf�aid„��.;:.�::CN;the:::!:es=ri=='•"•�`--h_II hnrnPie ni�11 and vuid,utherwise thry
<br /> shal!remain in full force and m�y be fureclosed at the option o(the said ASSOCIATION e(ter failure fur three months to make any of said
<br /> papments or be three moMhs in ar�ears in making said munthly payments,or to keep and cumply with the agreements and conSitions of said Bond;
<br /> z anJ Alorigagur agrees tu have�receiver appointed(orll�witt�in such foreclosure proceedings.
<br /> �'.� �f them is any c6ange in uwnership o(lhe real estate murtg;�ged herein,by mle or od�erwisc,then t�e ena:o:emai.^.ing�.^.d�ht.rtnec<F�e.eby .
<br /> xcured shall,al the uption ot The Equita6le Uuilding and Luan Assuciation of Grand Island,Ncbraska,become immediately due and payable without
<br /> further notice,and the amount remainiuN due under said be�d,and any other bonJ for any additional adrances made thereunder,shall,from qu
<br /> datc uf exercise of said option,bear interest a[Ihe maximmn legal rate,and Ihis mortgege may then be(oreclosed to satisfy[he amount due on said
<br /> bond,and any other bond fur additional advances,together with all sums paid by said The Equilable Building and Loan Aswciation uf Grand(sland, .
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges,with interest thereon, from date of payment at the marimum
<br /> + legal rate.
<br /> As provided in the Bond secuced hereby,while this mortgago cemuins in e(Cect the murtgagee muy heceafter advance additional sums ro the �
<br /> makers of said Dond,their assigns or succeswrs m intecest,which sume shall be widiin the sewrity of this mortgage the same as the funSs originally
<br /> secured thercby,the total amount of pria:i�!1 debt not to exceed at any time ihe original amvunt oC this mortgnge.
<br /> Date ihis Z4t dayof Se�tember D.,1J �§� �
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<br /> o ert . omp on
<br /> � Gale R. hompson �
<br /> STATE Or NLBRASKA, ss. On this 24th d�y oC SEptember 19�6 ,before me,
<br /> COUN'fY OF HALL�
<br /> the und rygned,a otary Public in apd for said County,personally ca e � �
<br /> Robert B. 7hompson and Gale R. Thompson, each in �is an�her own right and as spouse o� .;'+�
<br /> eacfi other,��:� who ap@ personatly known to N v '
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<br /> L me to be the 1i�lj�y'l p�tsotrn�j�^y�whose name s a re affuced to the above insuumenl as mortgagor S �n� they uvera11Y a
<br /> � acknowledgCil,tk8 s�id Ms[rutp,efl�tq�} thel r voluntary act and deod. �.d,
<br /> �Cj�}y(q'N�S�y�antl'1h� o�ariai Seal the date aforesaid. ) �
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<br /> l�'' y Notary PubLc
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