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<br /> Z8-UC3�1�06
<br /> MORTGAGE
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<br /> � MORTGAGELOANNO. L22,986 '�_
<br /> � ' KNOWALLMENBYTHESEPRESENTS:That DdfllE� J. Bowden and Barbara A. Bavden, each in his ?<
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<br /> ; and her awn right and as spouse of each other, � ., �,;.
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<br /> ' � � � _Mortgagor_whether one or more,in consideration of the aum of ' ; - <
<br /> 1 Twentv One Thousand Six Hundred and No/100------- --------- mLtAxs
<br /> . � � loaned to said mortgagor by The Equitable Building and Luan pssociation of Grand Island,Nebraska,Mortgagee,upon 216 shares of stock of �
<br /> i said ASSOCIA710N,Certifipte No.L 22.986 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following t
<br /> -�� described real estate,situated in Hall Counry,Nebraska:
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<br /> LOT FOUR (4) IN BLOCK ONE (1) IN WILLIAM J.
<br /> BURGER'S ADDITION TO THE VILLA6E OF DONIPHAN,
<br /> NEBRASKA.
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<br /> �� . �together with all the tmements,hercditaments and appurtenantts thercunto belonging,induding attached floor wverings,all window ureens, �" �i;��.
<br /> .� window shades,blinds,storm windows,awnings,heating,air rnnditioning,and plumbing and water equipmrnt and accessories thercto,pumps,s[oves, ' f
<br /> ; ,�, rofrigerators,and other fixtures and equipmrnt now or hereafter attached to or used in connection with said reaI es[ute. i �`,
<br /> And whereas the said mortgagor has agreed and does hereby agrce that the mortgagor shall and will pay all taxes and assessments levied or � `��
<br /> asussed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved '�
<br /> , � insurana upon the buildings on said premises situated in the sum of 5 2��6��.0� payable to said ASSOCIATION and to deliver to said = r�;�
<br /> : � . ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises; �
<br /> In case of deCault in the performance of any of the terms and conditions of[his mortgage or the bond secured hemby,the mortgagee sha11, k r''.
<br /> � . on demand,be rntided to immediate possession of the mortgaged premius and the mortgagor hereby assigns, transfers and uts over to the � '
<br /> m or t g a gee a l l t he rcn ts,revenues an d income to be derive d from the mortgaged premises during such tirne as the mortgage indebtedness shall remain > .;�y.
<br /> � � � unpaid;and the mortgagee shall have the power to appoint any agrnt or agrnts it may desire for the purpose of repairing said pcemises and renting +
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing ssid premixs and necessary =
<br /> :,.�� � commissions and expenses incurred in renting and managing the same and of collecting rentals ihercftom; the balance remaining,if any,to be � •'"
<br /> f applied toward the diuharge of said mortgage indebtedness;theu rights of the mortgagee may be exercised at any time during the existence of such a $
<br /> idefault,irrespeMive of any temporary waiver of the same. �'
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<br /> � ;� .These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said sharee by +
<br /> ` � . paymenq pay monthly to said ASSOCIATION of the sum specified in the Bond xcurcd heroby as intercst and principal on said loan,on or before �
<br /> the Twentieth day of each artd every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage '
<br /> �and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 2��(OO.00 � paYable
<br /> �� . to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with intercst flt �
<br /> the maximum legal rate thereon from date oC payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> �� �. �. with all the agreements and conditions of the Hond for�2�>60�.�� ��s day given by the said Mortgagor to said ASSOCIATION,and comply �
<br /> with atl the requirements of the Constitution and By-Laws of said ASSOCIATION;then these preunts shall become null and void,otherwise they
<br /> .�I��� � shall remain in full force and may be foreclosed a[the option of the said ASSOCIATION after failure for three months to make any oF said � �
<br /> :�4 � paymmts or be three months in arrears in making said monthly paymmts,or to keep and comply wi[h the agreements and rnndi[ions of said Bond; �
<br /> and Mortgagor agrees to have a rcceiver appointed forthwith in such foredosure proceedings. . .
<br /> � ,� �If there is any change in ownership of the real estate mortgaged herein,by sale or othenvise,then the mtire remaining indebtedness hereby � ��
<br /> •.y secured shall,at the option of The Equitable Building and Loan Association of Grand lsland,Nebrsska,become immediately due and payable without � �
<br /> �,.� fnrther notix,and the amount remsining due under said bond,and any other bond for any additional advanas made thereunder,shall,from the � � .
<br /> date of exercise of uid option,bear intercsi at the maximum legal rate,and this mortgage may then be forcclosed to satisfy the amount due on said �
<br /> c,�. bond,and any othu bond for additional advanas,together with all sums paid by said The Equitable Building and Loan Auociation of Grand Island, .
<br /> 1�Sebraska for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br /> 9 legal rate.
<br /> ;� � � As provided in the Bond secured hercby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the -
<br /> '� t � makers of said Bond,their assigns or succeuors in interest,which sums shall be within the xcurity of this mortgage the same as the funds originally � � �
<br /> ����� � � �xcured thereby,the total amount of principa!debt not to exceed at any time ihe original amount of this mortgage_ �
<br /> t necea�t� 27th. aayoe January w n.,�v7g �y
<br /> ;� , ,�c�n�-�it� �CSc�..c� �D�.
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<br /> �, � an e���en Barbara A. Bowden
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<br /> `� S3'ATEOFNEBItASKA,�� pnthis 27tf1. dayof January 197$ ,befozeme, "�r`"'
<br /> r� , ,rta0UNT1t OF HALL -o.�---
<br /> g the under�gned,a Notary Public in and for said Counry,personally came �r
<br /> , �ani,el J. Bowden and'Barbara A. Bowden, each in his and her own right and as spouse of � -
<br /> ;,�_ each Oth@T� who a�„e peraonallyknownto ,>,„s
<br /> ma t0.be t6e ideotical peraon 5 ' whoee name S are a}'t`ix�to the above instrummt as mort
<br /> .,;. ... . .. . sesor s ana they severeuy - . .r�t
<br /> '�J"{�' sdcnowledged the satd ina4nunent to be 'EhBI 1" voluntary act aad deed_ �(+ ,
<br /> z OENERAI,�NDiAR - �� d and Notarial Seal�the date aforesaid. , � � 4� � �.W
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<br /> �����•s:��A,yComm.r c . Z.1�73� p. � �
<br /> y � y,y��� . � � � Notary Public .
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