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<br /> ptORTCAGGL�AN1�0. L 2Z.399 MGIC
<br /> KNOR'ALLI�IGNDYTHF.SGPRLSHNTS:That Sidney J. French and Trudy A. French each 111 h75 and her
<br /> '�� own right and as spouse of each other
<br /> t�( Dtortgagor,whether one or more,in consideration of Ihe sum of
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<br /> Twenty-three Thousand Eight Hundred Fifty and No/100------------------------------ ��LA� '
<br /> ?= loaned to said mortgagor by The f:quitable Duilding and Loan Asmciation o(Crand Island,Nebraska,Alortgagee,upon 238 shares of stock of
<br /> t ; s�id ASSOCIATION,Certificate n�.L 22399 MGIC ,do hereby grant,convey and mongage untu the said ASSOGATION the Collowing
<br /> ��; described real estate,situaced in Hall County,�zbraska: '
<br /> y,y �
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<br /> 74J
<br /> {,}+ LOT THIRTEEN (13), IN aLOCK FOUR (4),
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<br /> �`;; IN "KOEHLER PLACE" IN THE CITY OF GRAND ISLAND,
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<br /> �; NEBRASKA.
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<br /> �uge�her�ciih all the tenzments,herrditsments�nd appur[enances thereunro beloncine,including st[adied lluor co��erings,allµ�indow screens,
<br /> winduH•shades,biinds,storm N'indu�es,awnings,heatine,air conditiuning,and plumbing and�cater equipment and accesmries thrreco,pumps,stoves,
<br /> -:��j «irigerators,and uther fixwrcs and eyuipment now or hereaiter attadied tu or used in com�ection with aid ceal estate. �
<br /> "r And whe�eas the s�id mortcagor has sgreed and dozs hereby agree tiiat ihe mo�La�_or shall and a•ill pay all taxes�nd assessmrnts levied or � �
<br /> =� a5sessed upon said premises�nd upon�his morteagt and the bond sec4�d ��rh bv eiore the same shall becomr delinquent:to furnish appro��ed �
<br /> �"�j insurance upon the buildings on said premises situated in the sum ol 5 L�+��V•�� p�yable to said ASSOCIATIO'� and to delirer to said
<br /> ��,�4 � ASSOCIATION the policies foc said insurance;and not ro cummit or permit any waste on or about said p�emises;
<br /> s1 In case o(def�ult in the pedormancr o(any o(che terms and conditions o(this mongage ur the bond secured hereby,the morteaeee shall, �
<br /> ����3� on dcmand,be emitled to immediste pussession of the mortgaced premises :fnd Ui� murtgaew l�creby assigns, transiers and sets ocer to the �� �
<br /> mortcaget all tlie irnts,rcrenues and income to be derived from ihe mortcacrd premiszs durinc such time zs the mortgege indebtednees:hall cemain .
<br /> ��i unpaid;and the mungagee shall ha��e�he pow•rr to appoint any agrnt ur acents it mav desire for�he purpose oC repairing ssid premises and renting
<br /> 1 :� the same and cullecting the rents,�rrrnues and income,and it m�y pay out of said incume xll espenses of rep�iring said premises and necesssry
<br /> commissiont and espenszs incurred in renting and minacing dic same and of collecting rent�la [hereimm::he balance smaining,if any,to be � .
<br />� _-$ applird tu�card thz dischargz oi said mongaet indebtedness:these rielns of iL•c murtgagee maq be exercised 2t any time during the existence oi such -
<br /> _ default.irrespzctice of sny temporary���ai��er of the ssme. . .
<br /> ` ��� Thrse Yresents,hu�ce��er,3re upon the Condition.Titat if tl;e said 1lortgagur shall rep�y said loan on or beiore the m3turity o(said shares by
<br /> payment:p�y momhly lo said:�SSOCIA(!Oti uf Ihe sum speciGed in the Bond securrd hereby xs imerest and principal on said loxn,on or beiore .
<br /> thc Tu�entieth dsy of eaci�;�nd c��erv month,until said loan is�ully paid:p�y all taxes and assesaments Icvied aeeinst said premises�nd un this Dtortga;e
<br /> ��;k and the Bond szcured[he�eby,be(ure delinquenn�:lurnish appro��ed insurance upun the 6vildines thereon in the sum ut 5 Z3�85�.�0 payable � �
<br /> �u said ASSOCIATIO\:rcpny io s�id ASS(KIATION upon demand all muney b}�it paid(or such t�zes,assessments xnd inwtance with inurest at
<br /> the maxirnum legal rate thereun from date of psymoni all of whicti\tongacor hrreby agrces to pay:prrmit no wasu on s3id p¢mises;keep and comply
<br /> �t �rith al(tlie aereements and mnduiur,s uf the fiund tix S Z3,850.00 this dxy ei��en by the said lfonra3or to said ASSOCIA7fOV,and comply - � ��
<br /> ��°n witf�all dte requirements of�he Constitution and By-Luxs uf ssid ASSOCIATfO\;tt:en these prestnts shall becomo null and void,utlicnviu they � � . . .. .
<br />� `4 sh�il rrnuin in lul!furcc and mzy be 1'urrclused at the option uf Uu said ASSO('IATIO\ alcer lailure for thrce months tu mal:c anp o(said : .
<br /> '{ e ments or be thme months in�r�eaes ui makin said munthl � mcros,ur w Aec and cum I with the���eements and conditions u!said Bund; �
<br /> p'Y' F >'P'l' P' P}' 6 . . �
<br /> and 1lortgagur aerees ro hare�rcczivrr appuimed fo�th�cith in such furcclusuta p�oceedinFs. � .
<br /> ^i If there is any chanea in o��•ncrship ul the real cstate mortgsgcd herein,bv sale ur u�henvise,then the entire remaining indebtedness hereby . �
<br /> secured shall,at lhe option u�The kiyuitable BuiMing and Loen Aswciatiun uf G��nd Islxnd.\eb�:�ska,oecome immedi�tely due and p3yable without � . � � �
<br /> � (urther nutice,and the amount remaining dur under said Uond,and any uther oond for any eddition�l ad�ances made thercunder,shyll,from the
<br /> <' date of csereisz oi s3iJ option,bear intcrcst zt the maximum Irgal rate,and this murtgage may then be furedosed to satisfy the amuunt due un uid � � . �. � � � �
<br /> - bnnd,xnd any uther bond fur additionai ad�ances,toeether���ith all surtu paid M�said The L'yuitablt Building and Loan Associxtion of Grand lsland, . . �
<br /> Nrbraska for insurancc,taxes and assesm�ents,and abstracting estension cha�ges, �ciih interest thereon, from date of payment at the maximum � � � � � � �
<br /> - Itgalratc. . � � �.
<br /> As prv�ided in the Hond secured he�eby,while this murtgage remuins in eflect the mortgagee may hereaiter adt�anre sdditional smns to the � � �
<br /> makers uf snid Dund,their�ssigns or succeswrs in interest,which sums�hxll be within the securi�y of this mortgage the same as the Cunds uri�inaily . . �
<br /> �:? securtd thereby,the iut�l amount ui princip�l dr6t not to exceed at any time the origin�i�moun[of this mortgage. . .
<br /> Daudthis 29th dayuf October �.n iv76
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<br /> �/iz:'/.:C� f./�G:,�! \�i� �'l�/ ll �'n��/�
<br /> _ Sid yrJ. French Trudy'�A. french
<br /> ; STATE OF NEBRASKA,l u On this 29 th ,�3�.�� October 19 76,betore me, `
<br /> - COUNTY 0�NALL J - �
<br /> t the unda�signed,a Notary Pubtic u�and for said County,personally came . "�U`� ";`+��-
<br /> Sidney J. French and Trudy A. French each in his and her owr. right ar�o aarepou�eso���e�ohn�o ev t+.,
<br /> I� other . �
<br /> ; me to be du identical person 5 ahosc name S dP2 affixed to the above inst en mongsgot5 and they severally
<br /> ��. ad:nowledged thc said instrument to be thei r ��oluntary•act and daed. , /"� � E'�"
<br /> � .�_.�---��rE55-my�hand and tiotarial Scal the date aforesaid. ` j�� ��/I /! / �j� �
<br /> � `'�:' L '�ty Commissiyn expircs �//�, � . /, J (��%
<br /> � � c,!;7:�� 'l�G�i//`> / G 1 �=�-�G'�
<br /> �.- - � � T j-� lotaq�Public
<br /> . 5�t�2M RI "�
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