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<br /> 3 MOR�cncs
<br /> MORTGAGE LOAN NO. L 23,O 13 MG I C �
<br /> . ; XNOW AI.L MEN BY THESE PRESENTS:That Cal vi n L. Spel lman and Shi rl ey M. Spel lman, each i n �
<br /> ' his and her own right and as spouse of each other
<br /> . ' __Mortgagor,whether one or more-in consideratlon of the sum of ' ,;�
<br /> ;"� Eiahteen Thousand Two Hundred and No/100-------- ----------Dpi,i„�ts �� '-;
<br /> '���� . loaned!o said mortgsgor by The Equltable Building and Loan Auociation of Crand Island,Nebraska,Mortgagle,upon 182 shares of stoek of
<br /> `' aaid ASSOCIATfON�Certificate No.L23��13 MGI C ,do hereby grant,convey and moRgage unto the said ASSOCIATION the following
<br /> ._:� deacribed real estate,situated in Hall County,Nebraska:
<br /> i
<br /> 's
<br /> i LQT TEN (10) IN BLOCK SEVENTEEN (17) IN FAIR VIEW PARK ADDITION TO
<br /> ' � TME CIN OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> j
<br /> � AND :".
<br /> � THE EASTERLY FIFTY TWO AND EIGHT TENTHS FEET (E 52.8') OF FRACTIONAL
<br /> BLOCK THREE (3) IN H. G. CLARK'S ADDITION TO GRAND ISLAND, HALL COUNTY,
<br /> '' NEBRASKA.
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<br /> � ; �� together with all the� tenements,hereditamrnts and appurtrnances thereunto belonging,including attached floor coverings,all window screens,
<br /> .�. � window shades,blinds,s[orm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessoties thereto,pumps,stoves, W '
<br /> refrigerators,and othrr fuctums and equipment now or hereaFter attached to or used in connection with said real estate. �'�
<br /> r �,::
<br /> .:�� And whereas th�said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and auetsments levied or ; '
<br /> assessed upon said premius and upon this mortgage and the bond:ecured thereby before the same shall become delinquent;to fumish approved ?
<br /> �� irtsurance upon the buildings on said premises situated in the sum of 5 ],$�200.QD payable to said ASSOCIATION and to deliver to said � ���
<br /> -� ASSOCIATION the policies for said insurance;and not to commit or permit any wasie on or about said prcmises: F y '�..
<br /> Ia cese of default in the performance of any ot the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and :ets over to the
<br /> ? � � mortgagee all the rcnts,revenues and inoome to be derived from the mortgaged premises during such time as the mortgage indebtednesa shall remain
<br /> unpaid.and the mortgagee shall have the power to appoint any agmt or agrnts it may desire for the purpose of repairing eaid premises and renting
<br /> _� the same and collecsing the rencs,revenues and income,and ii may pay out of said income all expenses of repairing said premiaes and neassary
<br /> -' commissions and expenses incuzred in rcnting and managing the same and of collecting rentals therefrom; the balana remain3ng,if any,to be �
<br /> � app1�ed loward the dischsrge of said mortgage indebtedneu;these rights of the mortgagee may be exercised at any time during the exis[ena of sueh
<br /> deCault�irrespective of any temporary waiver of the same.
<br /> These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br /> ;�.; � payment;pay monthiy to said ASSOCIATION of the sum spec�ed in the Bond uwred hereby as interat and principal on said loan,on or before
<br /> . � the'lW�nlieth day uf each and every month,until said loan is ful�y paid;pay all taxes and assessments levied against said premius and on this Mortgage
<br /> . and ttte Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 1$�2��.�0 payable �
<br /> � .�j to said ASSOCIA7'ION:rcpay to said ASSOCIA7'ION upon demand all money by it paid for such taxes,assessments and insurence with interest at
<br /> � the maximum legal ra[e thercon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premius;keep and comply
<br /> �with alI ihe agreements and conditions of the Bond for 5 ],$�ZQQ.QQ[his day given by the said Mortgagor to raid ASSOCIATION,and compty
<br /> � with alt the requirements of thc Constitution and By-Laws of said ASSOCIATION;thrn these presents shall become null and wid,otherwise they
<br /> �.f ahall rem�in in fall force and may be foreclosed 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 /> -.�i and Mortgagor agces to have a receiver appointed forthwith in such foreclosure proceedings. . �
<br /> ' If there is any change in ownership of the real estate mortgaged herein,by sale or otherwiu, then the entire remaining indebtedneu hereby �� � �
<br /> _.��3 securcd shall,at the option of The Equitable Building and Loan Auociation of Grend Island,Nebrasica,become immediately due and payable without .
<br /> further notice,and tlu amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the �
<br /> � date of exerciu of aaid option,bear interest at the maximum legat rate,and this mortgage may then be foreclosed to satisfy the amount due on said .� �
<br /> � ��1 bond,sad any other bond for additional advances,together with all sums paid by said The Equitable Bw7ding and Loan Auociation of Crand Island, � . � � �
<br /> .�� . Nebrastca for inwrance,taxes and assessments,and abstracting extrnsion charges, with interest thereon, from date of payment at the maximum �
<br /> S} legal rate.
<br /> � � As provided in the Bond xcured hcreb while this mort � �
<br /> y, gage remains in effeet the mortgagee may hereafter advance additional sums to the
<br /> � � maken of seid Bond,tiuir amgns or 3ucceawrs in interest,which sums shall be withia the xcurity of this mortgage the same as the funds originally � �
<br /> secured�.thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> �, n�ua sn�s 23rd aay or February n.�.,�9 78
<br /> % - �✓l a �, �f.... ��
<br /> � � � C 1 in�. Spe ma � �
<br /> i .,. �,2 oe Op�
<br /> =� Shi r1e,y7M. Spel l n
<br /> STAT�OFNEBRASKA.t
<br /> j ss. On this 23rd day of Februa ry 19�$ ,before me,
<br /> "'CaUNTY OF:HALL j �*µ:
<br /> �' �� " ' �� � � the underaigned,a Notary Public in and for said County,personally came ��� - > "
<br /> � Calvin L., Spellman and Shirley M. Spellman, each in his and her owr� ri qht and as sDouse � 'k,'� �.
<br /> � Of eaCh O'thBl" �' ° dre P�rsonally Rnown to
<br /> `� ,t � me to br the identical �c
<br /> pereoa S whose name S dT'C affixed ro the above instrument ss mortgagor S and they uverally .�
<br /> �} acliiiowledged tLe said inttrument to be the'I T' wluntary act and deed. ¢'r � �
<br /> i � � � � MTNESS�my hand and Notariat Seal the date aforesaid. � , '" ��'�''` '�
<br /> :.�.... . . � . .. � . . .. . . ,.., atYp;.;in... ,_�
<br /> My Commissioa expirea
<br /> I GENERaI NOTARY•Spts oi NaGx. �. � C �
<br /> �.y��AMES W. OLSON / � / �� Notary Public
<br /> �:My>Camm.Exp.Nov.12,1878 l
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