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<br /> �toaTc;AGti LOA\N0. L 22,400 I�GI C
<br /> ' r.r�oµ'ALLt�fENDYT1185EPRESENTS:TI�ac ��e�vin K. Patterson and Doreen P. Patterson, husband and
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<br /> ; wi fe and Li 11 i an Mi tchel l, a s i ngl e person p���tgagor,whether one or more,in considerallon of the sum of
<br /> Ten Thousand Three Hundred Fifty and No/100--------------------------------------- ��yA�
<br /> losned to said mortgagor 6y The Equitable Duilding and Luan Association of Crand Island,Idebraska,Atortgagee,upon 103 shares of stock of � � �
<br /> s3id ASSOCIATION,Certificate No:L92 4O� MG�C .do hereby grant,comey and mor[gage unto the said ASSOCIAT10f�the following� . � � � �.�
<br /> dtscribed real estatc,situared in Hall Cou��y, ebras a: � � � �
<br /> x,:.�.�., � . � � ..
<br /> P�ORTHERLY FIFTY EIGHT (58) FEET OF LOT SIX (6)
<br /> IN BLOCK FORTY FOUR (44) IN RUSSEL tdHEELER'S ,
<br /> ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br /> ' COUNTY, NEBRASKA.
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<br /> �;, � together a•ith all the tenements,herrditaments and nppurten�nces thereunto belon�ing,including attaclied tlour coverines,all window ureens. � �
<br /> - u�indow shudes,blinds,storm K•indows,awnings,heating,au conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> ''' � re(rigerutors,and other fixtures and eyuipment nuw ur liereafter attad�ed to or used in connectiun H�ith said rea!est�ta � �
<br /> :1nd e�he�eas the vid morigagor has agrccd and does herebt•agree tliat the mortg3gor shall and will pay all taxes and assessments levied or - � �
<br /> � assessed upon said p�emises and upon d�is mortgage and the bond secured therebv before the same sh�ll become deGnquenC to furnish approved � �
<br /> insurance upon the buildings on said premises situated in the sum o(5 �O,350.00 pa}'abir tu said ASSOCIATIO\ and to dcliver to said .
<br /> �;.�� . .1SSOCIA7l0.N the policies for said insurance;�nd not io commit or permit�ny���aste on or abuut said premises; �
<br /> In cau o(default in the performance of�ny of the cerms and conditions uf this mmtgage or the bond secuied hereby,the mortgagee shall, � �
<br /> � on demand,bc zntitled to immcdiate possession ot the mortgaged premius and the murtgagor hereby asei�ns, trxns@rt and uts orzr to the �
<br /> '_: � mon�gee all the rents,revenues and income to be derived from the mortgagad premises during such time as d�e mortgage indebtedness shalt remain ' �
<br /> �� � unpaid;and the mortg3gee sh�ll h3�x the po�eer to appoint any agent ur agents it m�y dcsire for the purpose of repairing said promises and renting '� �
<br /> the samr and collec�ing the rents,re��enues and income,and it may pey out of said incume all expenses oi mpairin¢said p�emises and necessary� ..
<br /> - commissions and cxp:nxs incurrcd in rcnting and managing[he same and uf coll:cting rentals thercimm;the b�lance remaining,if any,to be � � �
<br /> � applied mw�ard thr discharge ot said mortcage indebttJness;thesa�irhts uf the murtEagee may be exercised at any 4me during the existence oC such ��
<br /> default,irrcspectiee of any temporan��vaiver o(the same.
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<br /> ` These Presents,ho�ceeer,are upon the Cunditiun,Th�t it thr said lfung�cur shall�rpay said luan on or befoce�he maturiry of said shares by
<br /> -'a� � payment;pay munchly w said ASSOC'IATIO\uf the swn spacified in the Bond securcd hereby as intercst and principal on said loan,on or before
<br /> the Tn�entieth day of each and everv munth,until said lo�n is fully ptid;p�y all taxes and assescmenu leried aeainst said pcemises and on dtis A�ortgzge
<br /> �s� . and�he 8und secured thereby,befom delinquency:(urnish ippro�-ed insurance upun the 6uildings thereon in the sum of S �Q,350.�� P�5'able � � �
<br /> � m said ASSOCIATIO�:�rpay to siiS ASSOCIATIO\upon demand all money b��it p�id(or such t�ses,asxssments and insurance with interest at
<br /> ;: ihe maximum Ireal rate thereun frum date o(payment all of wl�id��furt�gur htreby agrres to pay;permit no waste on said premisei;keep and comply � �
<br /> ,� w�iih all the agreements and wnditions of the E3ond for 5 ��,350.00�h;s d�y gn�en 6y the s�id�lortgagor to sxid ASSOGA710N,and comply
<br /> � with all the requircmen[s of the Constitution and Bg�Laws of said ASSOCIATION;then[hesr presents shall become null and void,uthernise they
<br /> ! � shall renuin in full forcc and may be foredoxd at ihe uptiun uf the said ASSOCIA710\ after Caifure for threz munths to make anv o(said �
<br /> � pnyments ur be three munihs in arrears in m:�king said monthly payments,or to Aeep and wmply�rith the agmements and cunditions ot said Bond:
<br /> and!�turegagor agrers to h�vr a recei��cr appointed forth�eith in such foreclusure proceedings.
<br /> If thcre is any change in u���ncrsliip of thc real rstatc mvrtgagcd herein,be salz o�utherwiu,then the entim remaining indebtedness hereby
<br /> secured shall,al ihr option of The[quitable Building and Luan Assuciation of Grand Island,!vebrasF:a,become immediately duz and payxble x�ithuut
<br /> funher notice,and tht amuunt remxining dua under said bund,and any other bond fur any ndditionsl advances m3de thereunder,shall,frum the
<br /> - d�te uf exercise of said option,bear interest at the masimum legal ra[e,and this mortgage may then be fo¢closed to satisfy the amount due on said
<br /> 4 bund,anJ any uther bond for additionsl ad�anczs,to;ether with all sums paid by said The Gyuitable Building and Loan Association oCGrand Island,
<br />� }� �. �ebraska tor insurana,taxes and assessments,and abstracting extensioo charges,with interest thercon, Cmm date o(payment at the maximum
<br /> � legalrate.
<br /> � As pro�ided in the Dond secured hercby,H�hile this mortgage remains in eCfect thz mortgagee may hereatter advance additional sums to the
<br /> - makers uf said Uond,their assigns or succeswrs in interest,�vhich sums shall be within the security of this mortgaee the same xs the funds mi�inally
<br />, � secured thereby,the total amount of principa!debt not to exceed at any time the ori¢inal amount o(this mortgage.
<br /> 4 �a�ea�n;: 29�t� adyor October �.�.,» 76
<br /> ` .�Su-;.. �� FcG�`'-4t/1c..,- _ 1.��::.__.,� `� �t���;.,.
<br /> f' t4 , yin K. Patt�rson� �� ` Doreen P. Patterson
<br /> �.l��_�.�,,. �.� , 1,
<br /> Lillian Mitchell
<br /> 4 � STATE OF NEBRASKA,�ss. On this 29th day of <
<br /> COUNTY OF HALL October U 76,before mq ,i .
<br /> f4elvin K. Patterson and Doreen P. Patterson, hus4�"'aN�`a�8`���@cardv�F'�blicinandforsaidCount>•,peru>nallypme �
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<br /> Lillian Mitchell, a s�r}gle-,person �hO dre pe�sonallyknownto y
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<br /> me to be the ident�ral person;�{ w�itiit:qame s are aff'ixed to the abuve instrument as mortgagor s at,g they 'everally d,
<br />�,.� acknowledged the said incitirm�ntto br��:t�12i P. �'oluntary act and deed. � '
<br />� - N77NrSS�myhand and�o ial 5ea1 thr datc aforesaid. , . �j� �
<br />�� � tifyGominission ez ices 7 '�.� /�� , � ���J _ - _
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<br /> � s-t.xaf st � � tiotary PubGc
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