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<br /> n�oRTcnce
<br /> MORTGAG@ LOAN N0.� '
<br /> KNOWALLMENBYTHC•SGPRLSGNTS:That Wayne D. Burson and Beverly L Burson each 111 h75 d�d
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<br /> her own right and as spouse of each other
<br /> , Mortgagor,whether one or more_in consideration of the sum of
<br /> � Twenty-nine Thousand and No/100-------------------- --------- DOLLA�s
<br /> loaned lu uid mortgxgor by The Gquitable Duilding and Loan Association uf Crand Island,Nebraska,Mortgegee,upon 296 shares of stock of
<br /> said ASSOCIATION,Certificate No.L 22,365 ,do hereby gmnt,convey and mortgage unto the said ASSOCIATION the following
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<br /> described reul estate,situated in Nall County,Nebraska:
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<br /> LOT SIX (6), BLOCK TWO (2), DICKEY THIRD SUBDIVISION,
<br /> A RESUBDIVISION OF ALL OF BLOCKS TWO (2) AND THREE (3)
<br /> DICKEY SUBDIVISION, AND ALL OF BLOCKS ONE (1) AND TWO (2),
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<br /> ' DIGKEY SECOND SUBDIVISION OF THE CITY OF GRAND ISLAND,
<br /> ; HALL COUNTY, NEBRASKA.
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<br /> togclher with all �he lenements,heredi�aments snd appurtenanres thercunto belonging,including attached�our coverings,�I1 window screens, � �. � . . �
<br /> window shades,6linds,stmm windows,awnings,heating,air conditioning,and plumbing and water equipment and acceuories thereto,pumps,stoves, - � � -
<br /> refrigerators,and u�her fixtures and equipment now or hereatter attached to or used in comiectiun with said real estate.
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<br /> And whcreas the said mongagor has agreed and does hereby agrce U�at the mortgagor shaU and will pay all taxes and asussments leried or
<br /> assesud upon said premisez and upon this mortgage and the bond:ewred diereby bcfore the same shall become delinquent to fumish appruved
<br /> ,s insurance upon thc 6uiidings on said prcmises situated in the sum of S Z9�f)0�.0� payable tu said ASSOCIATION and to deliver to said
<br /> '�; i ASSOCIATION the policies tor said insurance;�nd not to commit or permit any waste on ot ahout said premiser. � �� � �� �
<br /> ��'`��. In case of de(ault in ihe pedormance of any of the terms end conditions u(this mortgage or tl�e bond secured heceby,the mortgagee shall, . ,
<br /> on demanJ,be entided to immediale possession oF the mortgaged premius and the murtgagur hereby a:signs, transCers and sets over m the
<br /> - � mortgagee atl the rrnts,revenues and income to be derived from the mortgaged premists during such time as tht murtgage indebtedness shall remain �, � � �
<br /> unpaid;and the mo�tgagee shall have thc power to appoint any agent or agcnts it may desire for the purpose of repairing said pmmises and renting . . � � .
<br /> � ` the ume and collecting the rcnu,revenues and income,and it m�y pay out o!said income all expenses o(�epairing said premises and neassary
<br /> . convnissions and expenses incurred in rentine and managing ihe same and of wllecting rentals thereCmm;the hatance remaining,it any,to be � � � � � - .� �
<br /> applicd toward the discha�ge of said mortgage indebtedness;these rights oC�he murtgagee may be exercised at any time during the existence of suclt . � � .
<br /> default,irmspective ot any tempornq�waivcr of the same.
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<br /> These Presents,however,ace upon�he Condition,Thu iC die said blurtgagur sh:�ll repay said loun un or before the maturity oC s�id shares by �
<br /> �;_ paymenl;pay monthly to��id ASSOCIA710N uf thr sum speciGed in the�ond secuced hereby as interest and principal on said loan,on or bofore � � �
<br /> the Twcnlieth day of each and evcry month,until said loan is Cully paid;pay all taxes and assessmznts levied against said premises and on this Afortgage , �
<br /> �' and�he i3ond secured thereb beCore delin uenc;fumish a roved insurance u on ihe buildines thereon in ihe sum of S 29 600.OO
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<br /> _ to said ASSOCIATION:repay to said ASSOCI 1TI0'J upon Jemand all money by it paid(or such taaes,assessments and insurance with intere�t at � � �� � �
<br /> the maximum legal rate thereon from datc of p�yment all oC whidi Dtortgagur hereby agrees to p�y;pennit no wastc on said premisos:keep and compiy � . � �
<br /> � with all the agreement:and cunditions of the 13ond for 5 z9.6��.�� this day giren by the said Alortgagor to said ASSOCIATION,and comply
<br /> witli all the requirements of Ihe Constitution and By-Laws oC said ASSOCIATION;then these presants shall 6ecome null and void,otherwise ihey �
<br /> -` shaU remain in full force and may be Corecloszd at the option of the said ASSOCIATION e(ter Cailure for three mon:hs to make any oF s�id � - � � -
<br /> 4�� payments or be thcee munths in a�rears in makir.g said monthly payments,or to keep and cumply with the agreements and conditions of said Bond; �
<br /> anJ 11ort�gor agrees to have a rcceiver appointed forlhwith in such(oreclosure proceedings. � -
<br /> �� � If therc is any change in owncrship eC the real estate mortgaged herein,by sale or olhenvise,then the entire remaining indebtedness hereby
<br /> sewred shall,at the option oFThe Gyuitablz Duilding and Loan Association uf Grand Isl�nd,Nebraska,become immediately due anJpayahle without
<br /> � (urther noticc,and tlie amount remaining due under said bond,and an}'other bond for any additional adtantts made thereunder,shall,from the
<br /> � date of exercise of said option,bear imerest at the maximum legal rate,and this mortgage may then be fora,losed to satisfy[he amoun[due on said
<br /> . bond,and any other bond for additional advance:,together with all sums paid by said The Equitable Building and Loan Association oi Grand Island, �
<br /> Nebraska(or insurance,taxes and assessments,and a6stracting extension charges,�eith interest thereon,from date of payment at the maximum
<br /> Icgalrate.
<br /> As pruvided in the dond secured hereby,while this mortgage remains in etfec[ the mortgagee may hereatar advance addition�l sums to the
<br /> makers of said Dond,their assigns or successors in interest,which sums shall 6c within the security af this mortgage the s�me as the Funds originally
<br /> secured thereby,lhe mtal amount of princip:�l debt nut to exceed at any time the original amount of this mortgage. �
<br /> i: Damd ttiis 8th dny of October A.D. 9 J(
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<br /> Wayne D. Burson Beverl�L. Burson
<br /> STATE OP NHBRASKA,1 ss. On this 8th day o( October 19]( ,before me,
<br /> COUTlTY OF HALL J ,�� _
<br /> . � the undertigned,a Notary Public in and for said County,peuonaily pme •-�
<br /> Wayne D. Burson and Beverly L. Burson each in his and her own right,and as spouse �f eacf� N 1'-'
<br /> other �h0 dl'2 perwna yknown o �
<br /> �. me tp be the identicxl person5 whose nameS dre affixed to lhe above' strumen[as ortgagor5 and th � severally „�
<br /> acknowledgad the said insttument m be thei r voluntary 2ct anJ deed, /- r"
<br /> WITNESS my hand and Notarial Seal the date aforesaid. � `
<br /> � G[t��l� t t�A� Y .Q�1R?�s�o expires � �i�/.� Ff,,/ _ � ..
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