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<br /> Zs-��022�3
<br /> MORTCACE
<br /> I MORTGAC,E LOAN NO. L 23,070
<br /> ( KNOWALLMENBYTHESBPRESENTS:That Gerald D. Nelson and Betty M. Nelson
<br /> , each in his
<br /> and her own ri ght and as spouse of each other Mo«�go�,whether one or more,in consideratton of the sum of
<br /> � i Seventy Five Thousand And No/100------------------------------------------------- �L��
<br /> loaned to said mortea¢or by The Eguitable Building and Loan Associatioa of Grar.d:slar.d,NebraJca,ldo:Lgagte,upon shaz�s of stocY,a. �
<br /> said ASSOCIATION, Certificate No. L 23���� ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following . � �
<br /> dexribed nal estate,situated in Hall County,Nebraska: � � ,�
<br /> LOTS ONE AND TWO, VON OHLEN SECOND SI:��IVISION,
<br /> IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> together with all the tenements,hereditaments and appurtenanccs thcreunto belonging,including at[ached ftoor coverings,a11 window ureens, �
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plu�nbing and water equipment and accessories thereto,pumps,stoves, � .
<br /> � rcfrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. � . �
<br /> � And whereas the said mortgagor has agreed and does hereby aaree that the mort¢aeor shall anA witl pay s4 tases snd as�ssnents le::eC o: ��
<br /> ' asu>;td upvn said premises and upon this mortgage and the bond secu tj�y��by fore the same shall become delinquent;to furnish approved
<br /> � ! ' insurance u on the buildin s on said remises situated in the sum of S ��e vU�•�� �
<br /> p g p 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 premius; �
<br /> s
<br /> � In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the moRgagee shall, �
<br /> .� on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and uts over to the � � �.
<br /> � mortgagee a11 the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain . .
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desim for the purpou of repairing said premises and renting �� �
<br /> the same and collecting ihe rents,revenues and income,and it may pay out of said income all expenxs of repairing said premises and necessary �� �
<br /> ' commissiorts and expenses incurred in renting and managing the same and of collecting rentais thercfrom: the balance remaining,if any,to be � �
<br /> �; applied tow•ard 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 temporery waiver of the sama � �
<br /> 'I'hese 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 monthly to said pSSOC1AT10N of the sum specified in the Bond secured hereby as interest and principal on said loan,on or beforc . � .
<br /> the Twentieth day of each and every month,unGl 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;fumish approved insurance upon the bulldings thereon in[he sum of S 75 a�00•�� a able �� - �
<br /> to said ASSOC[A'I'ION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at � � � � � .
<br /> the maximum legal rata tNereon 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 conditions of the Bond for$ 75,���.�� this day given by the said Mortgagor to said ASSOCIATION,and comply � . �
<br /> with aU the requirements of the Constitution and By-Laws of said ASSOC[ATION; [hen these preunts shall become null and void,otherwise they � . � � �
<br /> shall remain in full force and may be forecloud at the option of the said ASSOClATION 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 agreemrnts and conditions of said Bond: � -
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. , . � � � .
<br /> �. -4 If there is any change in owncrship of the real es:ate mortgagcd herein,by sale or otherwise,then the entire 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 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 morigage may then be foreclosed to satisfy the amount due on said � � � � .
<br /> bond,and any other bond for additional advances,together witt�all sums paid by said The Equitable Bualding and Loan Aswciation of Graad Island, � � �
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges,with interest thereon, from date of payment at the maximum - � . � ��
<br /> legal rate. � .
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereaftez advance additional sums to the � �
<br /> makers of said Bond,theu assigns or successors in interest,which sums shall be within the ucurity of thi:mortgage the same as the funds originally � � �
<br /> ��1:�::'i xcund thereby,the total amount o(principal debt not to exceed at any time the original amount of this mortgage. � � � .
<br /> Deted this l9th daY of Ap ri 1 A.D.,19 ]$ � . � . �
<br /> �`1�� ��-
<br /> , er e s�l�'I _��..�
<br /> O
<br /> Betty M. Nelson
<br /> ST'ATE OF NEBRASKA,t i .
<br /> COUNTY OF Ha41.1.j�� ���S l9th day of Apri 1 19]$ ,before me, �,r, N �'f
<br /> the undersigned.a Piotary�ubvo ir.and.`ar sa:d Cc•.:,^.ip r••••^_L�,�,.i� ���y-.?
<br /> '� atherd D. Nelson and Betty M. Nelson, each in his and her own righWha nda�e sp����y�o n�o �.
<br /> . � .;,_�
<br /> � � �me.to be the identical peraon S whose name s are affixed to the above instrummt as mortgagor5 and thE,Y severally � „;ka�;
<br /> acknowledged the said inatrument to be t1121 Y' volmtary act nnd deed.
<br /> � / i1/ X _^ �,._
<br /> � � W[TNESS my haad and Notnrial Seai the date afoitsaid. ��
<br /> . . M Commission e i � ` ' ��
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<br />� ' � 6.i.aalRt r ' '��� /��� �y, �/" 7 / � . Notaryrubiic �
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