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<br /> MORTGAGE
<br /> MORTGAGE LOAN NO.__L 22.98$ MGI C
<br /> � IWOW ALL MEN BY THESE PRESENTS:That AM'CF1UY' C. Oswal d and Vi rgi ni a A. Oswald, each i n
<br /> '� his and her own right and as spouse of each other,
<br /> >a Hto«
<br /> ; Thi rty Two Thousand Ei ght Hundred Fi fty dtld NO/100--- �Bor_whether one or more,in consideratton of the sum oF
<br /> �— DOLLARS
<br /> � loaned to said mortgagor by The Equltable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 32$ shares of stock of �
<br /> , r said ASSOCIATION,Certificate No. L2�,988 MGIC ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> deuribed real estate,situsted in Hall County,Nebraska: .
<br /> ' LOT ONE (1) IN FRACTIONAL BLOCK TWENTY-ONE (21)
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<br /> IN FRIRVIEW PRRK ADDITIQN TO THE CITY 0� GRAfYQ
<br /> ISLAND, HALL COUNTY, NEBRASKA.
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<br /> together with all the tenemrnts,hereditaments and appurtenanms thereunto belonging,including attached floor coverings,all window ureens, � r��;
<br /> , window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, � �
<br /> '- rofrigerators,and other fixtures and equipment now or hercafter attached to or used in connection with said real estata �"
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<br /> � And whereas the said mortgagor has agreed and does hereby agrce that the mortgagor shall and wID pay all taxes and assessments levied or �
<br /> ; assessed upon said premises and upon this mortgage and the bond sec�rp d eby befure the same shall become delinquent;ro furnish approved
<br /> � insurance upon the buildings on said premises situated in the sum of$3L a�b.UU p�yable to said ASSOCIATION and to deliver to said ��
<br /> .�j ASSOCIATION the policies for said insurance;and not ro commit or permit any waste on or about said premius;
<br /> �> � In case of default in the performance of any oF the terms and conditions of this mortgage ur the bond secured hereby,the mortgagee shall,
<br /> .;� on demand, be entitled to immediate pos:ession of the mortgaged premises and the morigagor hereby assigns, transfers and uts over to the
<br /> ..+ mortgagee all lhe rents,revenues and income[o be derived from the mortgaged premises during such time as the mortgsge indebtedness shall remain
<br /> .',f . unpaid;and the mortgagce shalt have the powu to appoint any agent or agents it may desire for the purpox of repairing said premises and rrnting .
<br /> -� the same and collecting the rcnts,revenues and income,and it may pay out of said income all expenses oF repairing said premixs and necessary
<br /> _� commissions and expenses incuned in renting and managing the same and of collecting rentals therefrom;the balance remaining,if any,to be � �� ���
<br /> .� applied toward the diuharge of said mortgage indebtedness;thesc rights of the mortgagee may be exerciud at any time duting the exirtence of such � � .
<br /> default,irrespective of any temporary waiver of the same.
<br /> ���� These Presents,however,are upon the Condition,That if the said Mongagor shall repay said loan on or beforo the maturity of said shares by � � -
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in the Bond sewred hereby as interest and principal on said loan,on or before �
<br /> y the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and azussments levied against said premises and on this Mor[gage
<br /> ��t and the Bond ucured thereby,before delinquency;furnish approved insurance upon the buildings thercon in the sum of S$Z.$5�.�0 payable �
<br /> to said ASSOCIATION;ropay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at �
<br /> ��� the maximum legal rate thereon from date of a ment all of which Mort or hereb a rees to a p p p Y
<br /> �f P Y Ba8 Y 8 p y;p�rmit no waste on said remises;kee and com 1 - �
<br /> with all the agreements and conditions of the Bond for$ 32 s85�.��this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-l.aws of said ASSOCIATION; then these prexnts shall become null and void,otherwise they �
<br /> shall rcmain in full force and may be forecloud at the option of the said ASSOCIATION after Cailure for three months to make any of said � � � � -
<br /> payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond; �
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. : � �
<br /> '�' If thece is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the mtire remaining indebtedness hereby �� -
<br /> � secured shall,at the option of The Equitable Building and Loan Association oF Grand Is1and,Nebraska,become immediately due and payabie without � � �
<br /> �i, further notice,and the amouM remaining due under said bond,and any othu bond for any additional advances made thereunder,shall,from the � � �
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreelosed to satisfy the amount due on said
<br /> ���� 6ond,and any other bond for additional advances,together with all sums paid by said The Eqtitable Building and Loan Association of Grand Island, �
<br /> Nebraslca tor insurance,taxes and assessmrnts,and abstracting extension charges, with interest thereon, from date of payment at the maximum �
<br /> ,� legal rate.
<br /> As provided in the Bond setured hereby,while this mortgage remains in effect the mortgagee may hereaher advance additional sums to the �
<br /> makers of said Bond,their assigns or successors in interest,which sums shal!be within the security of this mortgage the same as the funds originally � �
<br /> � secured tixroby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga .
<br /> .i ted ' $OtFI day of January A.D.,19 7$
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<br /> � ; r hur C�'ld��� Vi rgi Y A. Oswa d �
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<br /> t STATE OF NEBRASKA,� � On this 30th. da of
<br /> COUNCY OF HALL Y J an u a ry t 9]$ ,before me, �
<br /> . .� . . the undersi ed,a No � . �-
<br /> gn tary Public in and for said County,pecsonally came
<br /> 'Arth ald and Virginia A. Oswald, each in his and her own right and as s�ouse of �
<br /> .s � . �; � wno are perw auy knuwt,to e'�
<br /> �. ��;J�t'�tt�t�l1� . . � whou name5 � dre affixed to the above instrument as mortgagorg and severall �'���
<br /> tFte,y Y t ;
<br /> ow,{edged the�ddd� t to be tFl@�1' volmtsry act and deed. �,n �?�
<br /> k '� • � t �, A.�E�S d and Notarial Seal thcdata aforesaid.
<br /> � � : j� F
<br /> h �` �. xr -�ji Co � ' n expires ' .'. •-y'/�� '��
<br /> � � sa sta.�.:� � yl:1�'y?°��`� `i�� V ' O Notary Public
<br /> � �f OF to r`3�' �
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