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<br /> MORTCAGE
<br /> MORTGAGE LOAN NO. L 23027
<br /> K1VOW ALL MEN HY THESE PRESENTS:That Bi l ly D. Crapson and A1 ta I. Crapson, each i n hi s and
<br /> her own right and as spouse of each other
<br /> __Mortgagor,whether one or more_in consideradon of the sum of
<br /> Thirty Six Thousand Eight Hundred and No/100----- ----------��,A�
<br /> loaned to said mortgagor by The Equitable Building and I.oan Association of Grand[sland,Nebraska,Mortgagee,upon 368 shares of stock of
<br /> sald ASSOCIATION,Certificate No.L 23�027 ,do hereby grant, convey and mortgage unro the said ASSOCIATION the fullowing
<br /> � described real estate,situated in Hall County,Nebwska:
<br /> THE SOUTH HALF OF THE EAST HALF OF THE EAST HALF OF THE SOUTH HALF
<br /> (S2E3ZE�S2) OF BLOCK ELEVEN (11) (OR WHAT WOULD BE THE SOUTH HALF
<br /> (S�) OF �OT EIGHT (8) IF LAID OUT IN CITY LOTS IN BLOCK ELEVEN (11),
<br /> IN WINDOLPH'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA .
<br /> together with all the tenements,hereditaments and appurtenances thereunro belonging,including at[ached tloor coverings,all window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in cunnection with said real estam.
<br /> And whereas the raid mortgagor has agreed and does hereby agree lhat the mortgagor shall end wiL pay all taxes and aaxuments levied or
<br /> assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved
<br /> ... insurance upon the buildings on said premises situated in the sum of$ $G�$��.�� payable to said ASSOCIATION and to deliver to said
<br /> A.SSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premius;
<br /> � In case of default in the performance of any of the terms and condi[ions of this mortgage or the bond securod hereby,the mortgagee shall, � -
<br /> � on demand,be entitled to immediate possession uf the mortgaged premises and the mortgagor hereby assigns, transfers and uts over to the
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain .
<br /> . unpaid;and Ihe mortgagee shall have the power to appoint any agent or agents it may desire for the purpou of repairing said premises and rcnting
<br /> �. the same and collecting the renu,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary
<br /> � comrttissions and expenses incurred in renting and managing the same and oC 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 exercised at any time during the existence of such
<br /> default,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 shazes by
<br /> � payment;pay monthly to said pSSOCIATION of the sum specified in the Bond securod hereby as intercst and principal on said loan,on or before
<br /> �the 7�ventieth day of each and every month,until said loun is Cully paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> � and the�Bond ucured thereby,before delinquency;furnish approved insurance upon the buitdings thereon in the sum of$ 36.$��.�0 payable
<br /> to said ASSOCIATION;repay 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 payment aIl of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> f with all the agreements and conditions of the Bond for$3( $QO�(�(] this day given by the said Mortgagor to said ASSOC[AT[ON,and comply
<br /> with all the requirements of the Constitution and By-Laws otsa�d A5SaCIATION:then thtse presents shall become null and void,otherwiu they
<br /> shall remain in full 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 s•eid monthly payments,or to keep and comply with the agreements and conditions of said Bond;
<br /> and Mortgagor agees 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 otherwise,then the entire remaining indebtedness hereby
<br /> � secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediatety due and payable without
<br /> � � further notice,and the amount remaining due under said bond,and any other bond for any additional advantts made thercunder,shall,from the
<br /> � date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be Foredoud to satisfy the amount due on�said
<br /> bond,and any other bond for additiona!adwences,together with all sums paid by said'fhe Equitable Bwlding and Loan Association of Grand Island,
<br /> Nebraska for insurance,taxes and asussments,and abstracting extensian charges, with interest thereon, from date of payment at the maximutn
<br /> legal rata� .
<br /> . As provided in the Bond secured hereby,while this mortgege remains in effect the mortgagee may hereafte:advance additional sums to the
<br /> � makers of said Bond,their astigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally
<br /> � secured thereby,the�tofal amount of principal debt not to exceed at any time the original amount oF this mortgage.
<br /> n�«d tt� l Oth. day of March A.D.,i9 7g
<br /> 1
<br /> y ra son
<br /> ;�
<br /> ATta I. Crapson ��„
<br /> STATE OF NEBRASKA, ' i,
<br /> ss. On this l�tt1. day of Mdl"Ch I9 �$ ,beforo me,
<br /> COUNTY OF HALL
<br /> � � ��� �� ��� � � � the undersigned,a Notary Publlc in and for said County,personally came �
<br /> B��ey D Cieapson and Aita I: Lrapson, each in his and her own right�,h$ndare sp���f�e��F�o �'
<br /> ,t�� eswn�s� whoxnames are�� affixed�totheaboveinstntment�asmoRgagor5 �a tFley x��1Y � �'��;
<br /> � rument to be� 'ChE7�1" voluntary act aad deed. � ��',
<br /> � ,', 'g ' my hand and Notazial Sea1 the date eforesaid_ •� �` ,
<br /> ,� 1�SOTARY (yy� ' 'onexpires ppp��,��_,,,,,,�����-��'�LL `, ! tt�- '�
<br /> . . COMMSSSION� S ��� ��` 1 bI.D��� \ s.
<br /> `� EXPiRES C . . . .
<br /> Notary Public
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