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<br /> 78... U00��4
<br /> MORTCAGE
<br /> ` MORTCAGE LOAN NO. L 22•994 MGI C � ,;
<br /> � KNOWALLMENBYTHESEPRESENTS:That Clarence E. Frakes and Lucille E. Frakes, each in his �
<br /> and her awn right and as spouse of each other, and XElima D. �Ailliams, a single person
<br /> � � � � __Mortgagor,whether one or more,in consideration of the aum of � -,. " , , '� ,-��,
<br /> , Twentv Two Thousand Four Hundred and No/100------ noLLnxs
<br /> � � loaned to said mortgagor by The Equitable Building and Loan Association oF Grand Istand,Nebraska,Mortgagee,upon 224 shares of stock of �
<br /> said ASSOCIATION, Certificate No_ L 22.994 MGI C ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real cetate,situsted in Hall County,Nebraska:
<br /> i` LOT TEN (TO), IN BLOCK ELEVEN (77), IN
<br /> .a ROLLINS' ADDITION TO THE CITY OF GRAND
<br /> � ISLAND, HALL COUNTY, NEBRASKA.
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<br /> together with all the tenements, hereditaments and appurtenances thereunto belonging,including attached floor rnverings,all window screens, �
<br /> ���'j window shades,blinds,storm windows,awnings,heacing,air conditioning,and plumbing end water equipment and accessories thereto,pumps,stoves, ;
<br /> �' . rcfrigerators,and other fixtures and equipment now or hercafter attached to ar used in connection with said real estate. �'
<br /> � � � And whereaz the said mortgagor has agreed and does hereby agrce that the mortgagor shall and will pay all taxes and assessments levied or �
<br /> assessed upon said premises and upon this mortgage and the bond secu�e� t{y;cGby,liefore the same shall become delinquent;to furnish approved r� ;
<br /> .�.�i � . insurance upon the buildings on said premises situated in the sum of S s`t�+U UU payable to said ASSOCIATION and to deliver to said ;
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises: ^;;�.
<br /> . -;� � In case of default in the performance of any of the terms and conditions oC this mortgage or the bond secured hereby,the mortgagee shall,
<br /> ., � . on demand,be rntided to immediate possession of the mortgaged premises and the morigagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived Gom the mortgaged premises during such time as the mor[gage indebtedneu shall remain .
<br /> unpaid;and the mortgagee shall have che power to appoint any agent or agents i[ may desirc for the purpose of repairing said premius and rrnting �
<br /> ��� � the same and collecting the rmts,revrnues and income,and it may pay out of said income atl expenses of repairing said prcmixs and neassary .
<br /> commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom: the balance remaining,if any,to be
<br /> ; applied toward the discharge of said mortgage indebtedness:these rights of the mortgagee may be exerciud at any time during the existena ot such
<br /> �default,irtespective oF any temporary waiver of the same. ��
<br /> -,� These Preunts,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the metwity of said shares by ,
<br /> �.�S.� payment;pay monthty to said ASSOCIATION of the sum speci£ed in the Bond secured hereby as in[erest and principal on said loan,on or beforo ..
<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 ucured thereby,before delinquency;fumi:h approved insurance upon the buildings thereon in the sum of 522�40�.�0 payable �� �
<br /> �� to said ASSOClAT10N;repay to said ASSOCIATION upon demand all money by it paid Cor such taxes,assessments and insurance with interest at �..
<br /> i��. �the maxunum legal wte thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premius;keep�and comply - _
<br /> � with all the agreements and mnditions of the Bond for$22�400.�� this day given by the said�foRgagor to said ASSOCIATION,and comply �
<br /> � with all the requkements of the Constitution and By-Laws of said ASSOCIATION;thrn these presents shall become null and void,otherwiae thry �. _.
<br /> ;,.� shall remain in full force and may be Coreclosed at the option of 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 the agreements and conditions of said Bond; �
<br /> ,'y � � . and Mortgagor agrees to have a rcceiver appointed forthwith in such foreclosure pmceedings. � � �
<br /> � If there is any change in ownership of the real estate mortgaged herein,by sale or otherwiu,then the entire re�++A;n�*+g indebtedneu haeby � � ��
<br /> ,��� � �secured shall,at the option of The Equitable Building and Loan Association of Crand Island,Nebraska,beeome immediately due and payable without � .
<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 rtsay then be forccloud to satisfy the amount due on said . . �
<br /> `€ bond,and any other bond for additional advances,together with all sums paid by said The Equltable Bu�7ding and Loan Association of Grand Island,
<br /> ,'..i � Nebraska for inwrance,taxes and assessments,and abstracting extension charges,with interest thereon, from date of paymrnt at the maximum � .��
<br /> ��.�-.i � legal rate. .
<br /> �} . As provided in the Bond xcured hereby,while this mortgage remains in effect the mortgagee mey hereafter advana additional sums to the � � .
<br /> ' ��makers of said Bond,the"u assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally
<br /> �1. �sectued thereby,�the total amoun[of principal debt�not to exceed at any time the originsl amount of this mortgaga � � . : .
<br /> .'3� �Dated this� 315t day of January A.D.,19 7$ . . ��
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<br /> ; �' ,� �.�.� ��, � o .a>
<br /> E. Fr s �` Lucille E. rak s
<br /> .} �ma D. �ams
<br /> {
<br /> p , ST�TE OF NEBRASICA.�� On th3s $ZS t day of J an ua ry 19 7$ ,before me,
<br /> ti COUNTY OF HALL y� �
<br /> the undersigned,a Notary Public in and for said County,personally cama
<br /> � Cl_arence E. Frakes and lucille f. Frakes, each in his and her own r' ht and as 5�g��� &f f �; '
<br /> v�h� pe�on no n to � 5
<br /> � - each other and XEI�(kia D. a single person are r�,
<br /> � me to be the Identical pezaon S • � /5',Ss affixed to the above instzument as mortpgor5 �d they ��»r �
<br /> 1,K..`'� acks�owledged the said instrument �6rD����@ lA"q•;vdl ry act and deed. n��t
<br /> .. .. . ��.; .
<br /> s t WI77JESS my d�Aota,�ia�Seal th�d�t oreaaid. //�) "� / + l�,a� .
<br /> , � .. My CommLmo exp�es r `� :�[ O !/�E�_..�%Jlat i-7c- �.!�/��.:L2�.GC�i .
<br /> ,�.:.�.��,
<br /> � ,�; o_. 5,. No ry Public
<br /> . �6.7.sM Ri V�. J. �: .� 1- cn .
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<br /> � �� `�E•f)� IM����' � �
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