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<br /> 76- 005493
<br /> ntok7cnc,r:
<br /> AtORTCAGC:LOAN N0.L +
<br /> KNOWALLh1HNBYTHGSEPRESGNTS:That Orville T. Nicholson and Ivey M. Nicholson each lIl f115
<br /> � and her own right and as spouse of each other
<br /> ; Murtgagor,whether one or more,in wnsidcration of the sum of
<br /> " '; Nine Thousand Eight Hundred dild N0/lOO-------------------------------------------- DOLLARS
<br /> , loaned lo seid mongagor by The Gquitable Building and Loan Association o(Crand Island,Nebraska,Afortgagee,upon 98 shares uf stock o( � . � �
<br /> said ASSOCIATION,Ccrdficare Ido.L 22,333 ,do here6y grant,convey and�wrtgage unto the said ASSOClATION the following
<br /> Jescribed rea!ettate,situated in I�lall County,Ncbraska: � � � � ��
<br /> PARTS OF FRACTIONAL LOTS SEVEN (7) AND EIGHT (8), IN FRACTIONAL BLOCK SIX (6) OF ROLLINS'
<br /> ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA, AND THEIR COt4PLEMENTS, TO-WIT:- FRAC-
<br /> TIONAL LOTS EIGHT (8) AND NINE (9) IN FRACTIONAL BLOCK NINETEEN (19), OF H. G. CLARK'S
<br /> ADDITION TO THE CITY OF 6RAND ISLAND, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br /> COMMENCING AT A POINT NINETEEN (19), FEET EASTERLY OF THE WESTERLY BOUNDARY LINE OF LOT
<br /> EIGHT (8) IN FRACTIONAL BLOCK SIX (6) IN ROLLINS' ADDITION, THENCE IN A NORTHERLY
<br /> DIRECTION, PARALLEL WITH THE WESTERLY SIDE OF CLEBURN STREET IN SAID CITY, A DISTANCE
<br /> � Of EIGHTY (80) FEET, THENCE WESTERLY, PARALLEL WITH THE NORTHERLY BOUNDARY LINE OF SAID
<br /> BLOCK, A DISTANCE OF FORTY (40) FEET, THENCE SOUTHERLY, PARALLEL WITH THE WESTERLY BOUNDARY
<br /> ` ' LINE OF CLEBURN STREET, A DISTANCE OF EIGNTY (80) FEET TO THE SOUTHERLY BOUNOARY LINE OF
<br /> SAID BLOCK, AND THENCE EASTERLY A DISTANCE OF FORTY (40) fEET TO THE PLACE OF BEGINNING,
<br /> � : BEING A RECTANGULAR TRACT OF GROUND HAVING A SOUTHERLY FRONTAGE Of FORTY (40) FEET ON
<br /> SIXTH STREET, AND A DEPTH Of EIGHTY (80) FEET.
<br /> t .� togedie� with all the �enements,hereditaments and appurtenances thereunto belonging,including attached[lour coverings,all window screens, - �
<br /> winJow shades,blinds,storm�vindows,au•nines,heating,air conditioning,and plum6ing and wa�er eyuipment and accessories thereto,pumps,stoves,
<br /> refrigerators,and other fixtures and eyuipment now or hereaCter attached to or used in connectiun with said real estate.
<br /> '' And whereas the said murtgagor ha:agreed and does hereby agree that the mor�gagor shall and will pay all taxes and assessments levied or
<br /> assesud upon said premises and upon this mortgage and the bond secured thereby beture the same shall become delinquent;to fumish approved � � �
<br /> " insurance upun the buildings on said p�emises situated in the sum of S 9�$QQ.QQ pay:ible to s�id ASSOCIATION and tu deliver ro said �
<br /> '4 .. ASSOCIATION the policies fur saiJ insurance;and not to cotnmit or permrt any waste on or about said premiser, ' . �
<br /> - ln case o(default in the perfurmance uf any o(Ihe terms and conditions o(this murtgage ur the bond sewred here6v,[he mortgagee shall, � � �
<br /> un demand,be entided w immediatc possession uC die mortgaged premises and the mongagor hereby assigns, Iransfers and sets over to the � � � � -�
<br /> � mortgagee all the rents,revenues and income to be derired from the mortgaged premises durine such time as the ntortgage indebredness sha11 remain � . �
<br /> unpaid;and the mor�gagce sh�ll have the power to appoim any agent or�gents it may desire fur lhe purpose of ropairing said premises and renting �
<br /> the sartm and collecting the rents,revenues and income,and it may pay out o(said income all rxpenses of repairing taid pcemises and necesssry �. � � �
<br /> :�� �_ commissions and zxpenses incurred in renting and man:�ging the same and uf cullecling rentals therefrom:the balance temaining,if any,to be �.. . . . � . . .
<br /> _ applied toward�he discharge of said mortgage mdebtedness;these rights oC the mor�gagee may be exercised at any time during the existence of such
<br /> �� default,irrespective oC any tempuraq�x�aiver of the vme. � � �
<br /> These Presems,howerer,arc upon the Condition,That iC the said�tortgagor shall repay said loan on or be(ore the maturity oC sxid shares by �
<br /> payment;pay montlily to said ASSOCIATIO;�o(the sum speciGed in the Bond secured hereby as interest and principal on said loan,on or betore � � � � .
<br /> the 7wentieth day oC each and every momh,until said lo�n is fully paid;pay all taxes and assessments levied agninsl said premises and on tLis!�tortgage
<br /> �� and the f3ond secuced ihereby,betore delinyuenc}:fumish approved insurance upun ihe buildings thercun in the sum of S 9�$��.�� pa}'able . �
<br /> to said ASSOCIA'IIOti;rep�y to s:�id ASSOCIATION upon dem�nd all muney by it paid for such taxes,assessments and insurance with interest at � � �
<br /> F . the maximum legal raie thereon fmm da�e o(payment all o(�vhich Alurtgagor hzreby agrees to pay:permit no waste on said premises;keep and comply - �
<br /> with all the agreements and conditions u!the Hond for S 9�80�.�� this day given by the said ptortgagor to said ASSOCIATION,and comply
<br /> with all the rcyuirements o(the Constitution and ByLaws o(saiJ ASSOC'IATION;then these prcsems shall becomt null and void,otherwise they �
<br /> - zhall rem�in in full(ora�nd m�y be forccloud at die option uf ilm eaid ASSOCIATION after failure for three months to make any of said
<br /> payments ur be three months in arrears in making said munthly pxyments,or tu keep and comply wid�the agrezments and conditions o(said Bond;
<br /> ;�� . and Aforigagor agrees to have a receiver appoinled forthwith in mcl�furedosure pmceedings.
<br /> E' �. If there is any changc in ownership of the real estate mortgaged herein,by s;de ur otherwise,then the entire remaining indebtednees hereby
<br /> #�.� . secured shall,at ihe option of The Cquitable Duilding and Loan Association oC Grand Island,Nebraska,become immediately due and payable withuut
<br /> � further nntice,and the amount retnaining due under said bund,anS any oiher bond for any additional advances made thereunder,�t�all,Crom the
<br /> _ � d�le of exercise of said uption,beer imerest at the maximum legal rate,;�nd this murlgage may Ihen be foreclosed to satizfy tho amount due on said �
<br /> bund,and anv other bond for addition�l advancos,together with all sums paid by saiJ The Equitable Building and Loan Aswciation of Grand Island,
<br /> y � Nebr�ska for insurance,taxrs and assessments,and abstracling exunsion charges,with interest thoreon,from da[e of payment at the maximum
<br /> legal ratc.
<br /> '- � � AS provided in the Bond secured hereby,while[his mortgage remains in ef(ect the mortgagee may htrea(ter advance additional sums to the
<br /> m�kers oC saiJ Bond,their assigns or successurs in interes�,which sums shall be within the ucurity of this mortgage the same as the(unds originally
<br /> � secured thereby,the�otnl amount o(principal debt not to exceed ut any time the original amuunt o[this mortgaga �
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<br /> a t Dated this � 3th� day��r September A.I��.,19,,](� ��,� �� �� �
<br /> �,�ti"�KL���i1�r1'��Xs�,^y —�/2�L/���PAY�-C�O�'l.
<br /> �. �vv G�t. /�N V
<br /> Orville T. Nicholson ivey M. Nicholson
<br /> STATCOFNEBRA5141. 13th Se tember 76
<br /> COUNTY OF IIALL}ss. On this day of P 19 ,before me, `''
<br /> the undersiened,a Notary Public in and for said Counry,perwnallycame '�
<br /> Orville T. Nicholson and Ivey M. Nicholson each in his and her own right and as spouse of � n`''�='
<br /> each other ��hO are Person'allyknownro �
<br /> � �Qt,tt�qf�`, QersonS". whose nameS, al'2 atfixed to the above instrument as mortgago�S end th',Y severally ,q
<br /> ,�7� t`' °;.
<br /> .�hnwlod e[Ftlr sYtA i mment to be voluntary act�nd deed. �
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<br />. r `��{17'N my hand and No[ariel Seal the date aforesaid. � j {y�
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