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<br /> /$ �fORTGAGG LOA\N0. � 22 391
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<br /> ? t:IJOW ALL MEN IiY TtiESE PRESCNTS:Tl�at �pV 7��2 0. Qual sett and Mary K. Ql1d�Sett each 1 f1 fll S d11d
<br /> t her own right and as spouse of each other �
<br /> t�tortgagvr,whnther une or more,in consideration of the sum oF
<br /> Twenty-six Thousand One Hundred and No/100---------------------------------------- Do[.Lnes '
<br /> ]oaned to said mortgagor by The tiquitable Building and Luan Aswciation oC Grand Island,Nrbraska,Aforteagee,upon 261 shares of stock of .
<br /> said ASSOCIATION.Certificatc No.L 22,391 ,do Itereby gcant,com�ey and morteage unm the said ASSOC1AT10\the Iollowing
<br /> dcscribeJ reai esta[e,situated in I�lall County,t�ebraska: ,
<br /> THE SOUTHERLY TWO AND FIFTY HUNDP,EDTHS (S 2.50') FEET OF LOT THIRTEEN (.13), AND ALL OF LOT
<br /> FIFTEEN (15), IN BLOCK TEN (10), IN UNIVERSITY PLACE, AN ADDITION TO THE CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEBRASKA.
<br /> THE NORTH HALF (2) OF THE EAST ONE HUNDREDATHIRTY-TWO FEET (E132') OF VACATED PROSPECT `
<br /> STREET BETWEEN BLOCKS TEN (10) AND FIFTEEN (15) tdORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br /> COMMENCING AT THE SOUTHWEST CORNER OF LOT FIFTEEN (15), BLOCK TEN (1C), UNIVERSITY PLACE
<br /> AN ADDITION TO THE CITY OF GRAND ISLAND, THENCE EASTERLY ALON6 AND UPON THE SOUTHERLY
<br /> BOUNDARY LINE OF LOT FIFTEEN (15), BLOCK TEN (10) UNIVERSITr PLACE, A DISTANCE OF ONE
<br /> HUNDRED THIRTY TlJO FEET (132') THENCE SOUTHERLY THIRTY-FIVE (35'), THENCE WESTERLY PARALLEL
<br /> TO THE SOUTHERLY BOUNDARY LINE OF LOT FIfTEEN (15), BLOCK TEN (10) UNIVERSITY PLACE, A
<br /> DISTANCE OF ONE HUNDRED THIRTY-TWO FEET (132'), THENCE NORTHERLY THIRTY-FIVE fEET (35)
<br /> q TO THE POINT OF BEGINNING, IN HALL COUNTY, NEBRASKA.
<br /> �
<br /> � tugether u�ith all the tenements,hereditaments and appunenances thereunto beloncing.'vidudine attached floor coverings,:�ll window xreens, .
<br /> k window shades,blinds,storm��'induws,a��•nings,I�eatinF,air conJitionin@,and plumbing and u�ater eyuipment and acctssories thereto,pumps,stoves,
<br /> � refrieetators,�nd othzr fixtu�es and equipment nu��•oe hereafter a[t�ched to or used in co�u�ection with s�id rral estate.
<br /> '�t And whereas ttte said mortgagor h�s aerrcd and dnes herehy agree thai die murteaEur shall and will pay all taxes and assessments levied or � �
<br /> asstssed upon said premius and upon this mortgaee and tha bond secured there6e be(ore the same shall becmne delinquent;[o lurnish�pproved . .
<br /> ,t insurnnce upon the buildings on said premises situated in the sum ot SZFi�1��.Q� p�yabit to said ASSOC1A710N and to daG��tt W said . _
<br /> k ASSOCIATIOV thz pulicics for said insur3nce:and not to commit or pzrmit zny waste on or nbout said premiser, � .
<br /> -.� In case o(default in the performance u(:�ny of the terms and conditions ol this murtg:�ge or tlie bond secured hereby,the mortgagee shall, - �
<br /> un dem�nd,be entiiled tu immediate pusxssion ol the mortgaged premisrs and the mon�aeor Iterc6y assigns, trxnsiers and sets o��er to the �
<br /> �;� mortgager all the rents,revenues xnd inmme to be Jerived from the martgaged premises during such time as the mortgege indebtedness shall remain . � .
<br /> �� unpaid:and the murtgagee shall harc the po���er to appuint am��gent m agents it m�y�esirc iur the purpose o(repairing said premises and�enting . .
<br /> ;`� �h;s:'me and collecting the rents,rcvenues and incume,snd ii mxy pay uut o(said inwme all expenses u(repairing said premises and ntcesssry
<br /> commissiuns and r�penus incurred m renwie and nun�unc the nme and ot collreting rentals tharefrom;[he b�lancr rcmsining,if am�,to be
<br /> applird iuward ihe discharee nf s�i�3 mortcaga indebtedness:ihr>e n�hts of the mongacee may be exercised at am•timz during the existence oCsuch
<br /> ,'� default,irtespzctive o(any tempo�ary«aner uf the same.
<br /> �� There Pcesenls,huwever,am upun the Condrtiun,7�het if the said\1ortg�gor shall rrpa}�s:i�d loan on or befure the maturi[y ot s:�id shares by � . .
<br /> $� p:fymenl:pay momhly to said A5SCX'1:1TIOV uf the sum specitied in the Bund secured hrrebc as inrerzst snd princip;+l on said loan,on ur befurc
<br /> 3,e �he Twzntieth day uf zach and�veq•momh,until s:3id loan is f ullp pa�d:pay�l(taxes and asse<smzms le•;izd acainst said ptemiscs and un this\tortgaee � .
<br /> j� anJ�he Bond secured the«by,befure delinyuencv:turnish approved insur�nce upun the buildincs thaeon in the sum of 5 2(,1��.�� P�ya61e � � �.
<br /> - tu�aid ASSOCI:1T10\:rrpay to said ASSOCIATIO\upon Jemand all money b}�it paid fur sucn taxes,assessments and insurance x�ith intecese at
<br /> .�' the maximum Irgal r�tr thercun frum date of p�yment all o!which lfortgague hereby��crees w p�y:permit no waste on said pcemises;ketp and comply .
<br /> 3;;� with all�hr agreements:�nd conJitions ut the I3ond�o�S 26�L��.00this day gicrn by the saiti�fortgxgor to said ASSOCIATIOV,and comply .
<br /> �cith all the requimments of the Cunstitution and f�y-Laws of said ASSOCIATIO\:then these prcsents shall 6ecome null and vuid,otlienvise they . . . .
<br /> - shnll rem�in in tull force and may be inre.losed at the optiun ui the vid AS50('IATIO\ afeer lailure fur three months to make any ol s�id . . . .
<br /> ,z paymenu or be three ntonths m aura�s in m�ktnC said rnont}dy'paymrnts,ur tu kcep and cumpl��with the agreements xnd conditions of ssid Uund: . � . ,
<br /> `;, and 41urt�gur agrees to have a recei��er appuintrd 1'urthvrtth in such foreclosure proteedines.
<br /> 3:t; If there is any change in uwnership of the rcal es��te murtgagcd herein,by�le u� othcrwise,thcn the entite remaining indebtedness hereby �
<br /> ;;;,� secured shall,at the uption uC The L:yvitable Duilding and Luan Association uf Grand I<_land,Vebraslca,becvme immedixtely due and payable withuut . - � .
<br /> further nntice,snd the amuum rem�ininc Jue vnder s�id bond,and any other bond(or any additiunal advances m3de thereunder,shall,l'rom the
<br /> d�te of exerciu u(s�id option,bear interest at the maximum Irgal rate,and this murtiaee m�y then be foreclosed tu satisfy the arnount due on said . - . � �
<br /> bond,and any other bond fur additionsl ad�snces,toeether with all sums paid 6y said'I'he Equitable Building and Luan Aswciuion uf Grand Itland, �
<br /> ';"..i lebrasks for insurance,taxes and assessmems,�nd�bsvacting excensiun charges,x�ith inte�est thereon,irum date ol payment at the ma.eimum � �
<br /> ',.;��, lecal r�te. . . �..
<br /> As p�o��ided in�h:Bond sacurcd here6y,«�hile this murtgaee remains in r(iect ehe mor[gagee r.i�y herraiter adti:�nce additional sums to the � � .
<br /> m�kc�s uf said Bond,their assigns or sucaswrs in interes�,which sunu sh�ll be�vithin the security ol this murtgage thz san;r as the funds uri�inally
<br /> secured thereby,the tutal amount o(principal de6t not tu exceed at any time the uriginal amount of this mongxge. � �
<br /> ; Da t��s th ..y�r ctober �.�.�..���76 /'_
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<br /> - �� : / 1 ^r/._.C.G4._ /./
<br /> Orville 0. Qualsett f4ary K. Qua,]sett
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<br /> STATEOFNEBRASKA.�ss. Onthis 2]th dayof Oetober �y ]( ,beforeme, '
<br /> COUtiTY OF HALL �,t
<br /> the undersigned,a�otan Public in and for said Counry,perwnally eame , . t �
<br /> - Orvil l e 0. Qual sett and Mary K. Qual sett each i n hi s and her own rµ���t and as ��ou�Ye��$µ,ng�ch �a a.�
<br /> j other are P �S
<br /> i me to be the identical person 5 ��hose nam6 '-'."dY'@ atfixed to the above instrument as mortgagor S and they ��'erally � ^
<br /> acknowledged the sxid insirument to be",� ��the�.r�:�'vuluniary act and deed. � � � ��
<br /> \�7TNES5 m)•hend uid No/ta�tial Seal the dattaforesaid. ^ _ . �. � t�t�3 �
<br /> 1fy Commission eipires (� / /G " ' `�� � L ,�
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