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<br /> �s-s 0 0(1�i 53
<br /> MORTGAGE
<br /> MORTCAGE LOAN NO. L 22,995
<br /> ; IQdOWALLMENBYTHESEPRESENTS:That Stephen W. French and Delores A. French, each in his �
<br /> `3 and her own right and as spouse of each other,
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<br /> 'j Mortgagor,whether one or more,in consideration of the sum of
<br /> ' Twentv Nine Thousand Two Hundred and No/100------------------------------------- pp�� �'
<br /> � loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon Z9Z shares of stock of
<br /> said ASSOCIATION,Certifipte No.L 22.995 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> deuribed real estate,situated in Hall County,Nebraska:
<br /> LOT NINE (9), BLOCK TWO (2), IN VALLEY VIEW
<br /> SUBDIVISION, BEING A PART OF THE EAST HALF OF
<br /> THE NORTHEAST QUARTER (E�NE4) OF SECTION TWENTY-
<br /> � TWO (22), IN TOWNSHIP ELEVEN (11) NORTH, RANGE
<br /> NINE (9), WEST OF THE 6TH P.M., IN HALL COUNTY,
<br /> P�EBRAS iCA.
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<br /> �� together with all the tenemrnts,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screrns,
<br /> .��3 window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and wacer equipment and aceeuories thereto,pumps,stoves, �
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> �`�j And whereas the said mortgagor has agrced and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> ;� ; . auessed upon said premises and upon this mortgage and the bond ucured thereby before the same shall become delinqurnt;to furnish approved � . ��
<br /> � insurance upon the buildings on said premises situated in the sum of$29�2��.U� payable to said ASSOCIATION and to deliver to said �
<br /> ASSOCIATION the policies for said insurance;and not to wmmit or permit any waste on or about said premises: � -
<br /> .�� In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, ` .
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> � � mortgagee all the rents,revenues and inwme to be derived from the mortgaged premius during such time as the mortgage indebtedness shall remain -
<br /> � j�� ��. unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desirc for the purpose of repairing eaid premius and renting �
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of zepairing said premiaes and necessary , �
<br /> commissions and expenses incurred in renting and managing the same and of collecting rentals thereGom: the balance remaining,if any,to be
<br /> applied toward the diuharge of said mortgage indebtedness;these rights of the mortgagee may be exerciud ai any time during the exirtence of such � �
<br /> default,irrespective of any temporary waiver of the same. � � �
<br /> ;a Theu Preunts,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by �
<br /> -� payment:pay monthly to said ASSOClATION of the sum specified in the Bond secured hereby as interost and principal on said loan,on or before
<br /> '��� the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage �
<br /> �� } and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thercon in the sum of$Z9 s2��.�0 payabk . � . . � �
<br /> �.;j to said ASSOCIATION;repay to said ASSOCtATION upon demand all money by it paid for such taxes,asussmen[s and insurance with interest at � � �
<br /> ".r the ma�cimum tegal rau thereon from date of payment ail of which Mortgagor hereby agrees to pay;permit no waste on said prerttises;keep and comply . . ��
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<br /> �3 with all the agreements and conditions of the Bond for S 29�2��.��this day given by[he said Mortgagoz to said ASSOCIATION,and comply
<br /> � �6 with all the requirements of the Constitution and By-Laws of said ASSOCIATION:then these presents shall become null and void,othenvise they .
<br /> sha11 remain in full force and may be foreclosed at the option uf the said ASSOCIATION after failure 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 che agreements and conditions of said Bond; . � .
<br /> and Morigagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. � . �
<br /> If there is any ehange in ownenhip of the real estate mortgaged herein, by sale or otherwise,thm the mtirc remaining indebtedness hereby � � �
<br /> � securcd shall,at the option of'fhe Equitable Building and Loan Aswciation of Grand(siand,Nebraska,become immediately due and payable wiihout . . . .
<br /> further notice,and the amount remaining due under said bond,and any other 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 forecloud to satisfy the amount due on said �. � .
<br /> ��.�.�� bond,and any other bond for additional advances,fogether with all sums paid by said The Cquitable Building and Loan Association of Grand Island, " .
<br /> Nebraska for insuwna,taxes and assessments,and abstracting extension charges, with interest thereon, from date of paymmt at the maximum " .
<br /> legal rate.
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the . �� �
<br /> - makers of said Bond,their assigns or successors in interest,which sums shaU be within the ucurity of this mortgage the same as the funds origiaally .
<br /> ucurcd thercby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga � - .
<br /> ' v�ceau;s 31st. /.�aayof January w.D.,iv 7g
<br /> ? ��,�. :r� (� �ii%x s� �'�-�,Ct2� �'� �iiL/�-r�./�� � . ..
<br /> i �•-$'t2p�ien-FP ��ch Delores A. French
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<br /> ! STATE OF NEBRASKA,� �
<br /> � COLJNTYOFHALL �� Onthis 3�St. �Yaf January 19 78 ,beforeme, ; �
<br /> � � ��� � the undersigned,a Notary Public in and for said County,personally eame
<br /> Stephen W. French and Delores A. French, each in his and her own right and as spouse ofi � w .'
<br /> � who personally known to � ��t� ��
<br /> each other, � are
<br /> � ' me to be the identical peraon 5 whose name 5 dY'2 affixed to the ebow instrumurt as m��gor 5 and they severaUy &=
<br /> thei r '`
<br /> � ar�cnowledged the aaid instrument to be wluntary act and dmd. i "�� � �
<br /> �� WtTNESS my hand and Notarial Seal the date aforesaid. i j/. `�-` �.� Y` ;'�
<br /> My Commiaaion c a ,,-r� „ '
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