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<br /> MORTGACE , -`?�,,;
<br /> � � � � MORTGAGE LQAN NO. L Z3.O47 s��r '��
<br /> � KNOWALLMENBYTHPSEPRFSENTS:1'hat G211� A. Olsen, d S7r1cJ�e pEY'SOtI ;,r 5; i �'e
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<br /> Mortgagor,whether one or moee,in consideration of the sum of '
<br /> !- Thirty Eight Thousand One Hundred and No/100---------------------- m�� '� � Y ,,�
<br /> '��,;� loaned to said mortgagor by The Equitable Building and Luan Association of Crand Island,Nebraska,Mortgagee,upon 3$� shares of stock of {��R'
<br /> i aaid ASSOCIATION,Certifiwte No.L 23��4� ,do hereby grant, convey and mortgage unto the said ASSOClATION the followiag
<br /> ' described «al estate,situated in Hall County,Nebraska: ,�
<br /> �
<br /> ; !OT TWENTY THREE (23), CAPITAL HEIGliTS
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<br /> �� SEVEMTH (7thj ADDITION, HALL COUNTY, '
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<br /> �t togetlrer with all the tenements,hemditaments and appurtenances thereunto belonging, includinq at[ached tloor coverings,all window screens, ,a'� �"` ��
<br /> ��,Y window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessoriea thereto,pumpa,stoves, z,i;`�- �.?�`��.
<br /> � refrigeratoes,and other fixiures an�!equipment now or hereafter attached to or used in connection with said real estate. i y��-
<br /> And whereas the said mortgagor has agroed and dces hereby agree that the mortgagor shall and will pay all taxes and assessmmts levied or i, �'
<br /> � asxssed upon said premises and upon this mortgage and the bond secuied the�b}4beforc the ume shall become delinquent;to fumish appmwd e �$"'����
<br /> insurance upon the huildings on said premises situated in the sum of S 3t3�I U UU payable to said ASSOCIATION and to deliver to said 7a, ^
<br /> .�i ASSOC(A'T'iON the policies for suid insurance;and not to commit or permit any wasre on or about said premius; �� s� 'ya ti��
<br /> � .[n case o[default irs the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shatl, � �",,�}
<br /> � � � on demand,be entitled to immediate posuuion of the mortgaged premises and the mortgagor hereby assigns, transfers and xis over to the °' 1,� s��'"�
<br /> mortgagee all the rents,revenues and income to be derived From the martgaged premises during such time u the mortgage indebtedness sha11 remain �n`� �
<br /> unprid:and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpou oC repairing satd premises and rcnting . � �. -,
<br /> the same and collecting the rents,revenues and income,and it may pay out ot said income atl expenses of repairing said pnmises and necessary - *� .:�
<br /> � � wmmissions and expenses incurred in renting and managing the same and of collecting rentals therefrom;the balana remaining,if any,to be � > ,,.y�:�.
<br /> � applled toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the exisience of such j ;
<br /> � default,irrespective of any temporary waiver of the same. �.. ,,*,,,,,
<br /> . . � � � . - t � :
<br /> � 'I'hese Preunts,however,are upon the Condi[ion,That if the said Mortgagor shall repay said loan on or before the maturity of raid shares by �
<br /> payment;pay monthly to said ASSOCIATION of the sum speci6ed in the Bond secured hereby as interest and principal on said loan,on or beforc �� �
<br /> the Twentieth day of each and every month,until said toan is fully paid;pay all taxes and asxssments levied against said premises and on this Mortgage .
<br /> � . and the Bond xcured thereby,before delinquency:furnish approved insurance upon the buildings thercon in the sum of S 3$s���.�0 payabte `z_:
<br /> � [o said ASSOCIATION;repay to said ASSOCIAT[ON upon demand all money by it paid for such taxes,assessments and insurance with intemst at .
<br /> �,� the maximum legal rate thereon from date of payment al7 of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> � with all the agreements and conditions of the Bond for$3H �OO.00 ��day given by the said Mortgagor to said ASSOCIAT[ON,and comply
<br /> with ail the requ'vements of the Constitution and ByL.aws o�said ASSOCiATION; then thex presents shall become null and wid,otherwise they .
<br /> . shalt remairt in Full fora and may be foreclosed at the option of the said ASSOCIAT►ON after faiture for thr�e months to make any of said � �
<br /> paytnents or be three months in arroars in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond; �
<br /> and Mortgagor egrees to have a rcceiver appointed forthwith in such foreclosure proceedings. �
<br /> . If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,thm the rntire remaining indebtedness hereby � �
<br /> . securcd shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without �
<br /> further no[ice,and the amount remaining due under said bond,and any other bond for any addi[ionai advnnces made thereunder,�hall,from the �� �� � � �
<br /> date of exerciu of said option,bear interest at the ma�cimum 1ega1 rate,and this mortgage may then be foredoud to satisfy the amount due on said � � � -�
<br /> � :� bond,and aay other bond for additional advances,together wiih all sums paid by said The Equitable Building and Loan Association of Grand Island, �
<br /> °�iVebraaka for insurance,ta�ces and asseuments,and abrtracting extension charges, with interest thereon, from date of payment at the maximum
<br /> ��lega!rate.
<br /> .,�� � �.�As provided in the Sond secured heteby,while this mortgage remains in eFfect the mortgagee may hereafter advance additional sums to ihe �� �
<br /> ;-�� �.�makers of.said�Bond,their assigns or succeswrs in interest,which sums shall be within the security of this mortgage the same as the fmds originally �
<br /> secured�thereby,the total amount of principsl debt not to exceed at any time the original amount of this mortgage.
<br /> ^�� na�yea t-'�✓�' th r of March A.D..�9 78
<br /> �_���._,���'-r—L. .
<br /> `:� Gene A. Olsen
<br /> 1
<br /> � } STATE OF NEBRASKA,t 28'Ch �
<br /> y Y7 ss. • On this day of March �g�$ ,before me,
<br /> COUNTY OF HALL i
<br /> .v �� �� � � � � � �� � � the unders' ed,a Nota Public ir�and for said Count � � W'y��� "� �'�
<br /> � � ry y,personallycame .
<br /> a=� Gene A. Olsen, a single person Who 75 personallyknownto `'
<br /> � me to be the idenUcal pe[son whose name • 7 S affixed to the above' t as moRgagor and 17e ��1� ��z�
<br /> � �:
<br /> �;� acknowledged the aaid instrumpnt to be h'1 S wluntary act and deed. P'
<br /> dENERAL NOTA �'r. nd and Notarisi Sesl the date aforesaid. , yt" x �,
<br /> u '� <�•���.�� JAM�S NM�Cl�Odit�ission expires � � . ...�` * .-
<br /> yw� My Comm.kx .. .12.1979 � f�
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