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<br /> I MORTGACE � '���
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<br /> �'r MORTGAGE LOAN NO. L Z 3.�O5 i � : �+ ,a°J �r-
<br /> � KNOW ALLMENBYTHESEPRESEN7'Sc That OT'V7��2 T. Ni cholson and Ivey M. Ni cholson, each in ` '< '��,��;,
<br /> his`and her own right and as spouse of each other, r j r�
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<br /> Mortgagor,whether one or more,in consideratlon of the sum of : r ,,,r5
<br /> Ten Thousand and No/100------------- — - ��� " = ,,` �,��
<br /> `� loaned to aaid mortgagor by The Equitable Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon 100 shares of stock of { N �� �
<br /> said ASSOCIATION, Certificate No. L 23 a��5 ,do hereby grant, convey and mortgege unto the said ASSOCIATION the following `' u;��
<br /> described real estate,situated in Hall County,Nebwska: ,.� ;�.
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<br /> ;�� LOT ELEVEN (il) IN BLOCK SEVENTEEN (i7) IN COLtEGE ` S 7 �
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<br /> , ADDITION TO WEST LAWN, AN ADDITION TO THE CITY OF , ���
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<br /> GRAND ISlAND NEBRASKA.
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<br /> ,� . .together with a(1 the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens, t '� €}�p�kr'
<br /> .� . � window shades,blinds,storm windows,awniags,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,rtoves, . . i �]}�'�.� �
<br /> �rofiigeratoro,and other fixtwes and equipmmt now or hereafter attached to or used in connedion with said real estatm � ��, i �,�.,; �
<br /> . And whereas the said mortgagor has agreed and dces hereby agree that the mortgagor shall and will pay al!taxes and asaesunents levied or i �. �`,��r��`�' �
<br /> asussed upon said premius and upon this mortg�ge and the bond ucured thereby before the same shall become delInquent;to Furnish approved � ,� � �s
<br /> �insucance upon the bw7dings on said premises situated in the sum of S��,��0.00 payable to said ASSOCIATION and to deliver to ssid . p �'+r� {�"'�'e� '�
<br /> � ASSOCIAT[ON the policies for said insurance;and not to commit or permit any waste on or about said premises; � ..�� ��"�p��, '
<br /> In case oC default in the pezformance of any of the terms and conditions of this mortgage or the bond ucured hereby,Yhe mortgsgee shali, -t e �i��
<br /> . . on�demand,be entiUed to immediate posxssion of the mortgaged premises and the mortgagor hereby assigns, transfers and uts over to�the � � v; t '�i ,`}"`x'�"'��
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedneu shall rcmain � r s�. �
<br /> � -unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpou of repeiring said premisea and renting
<br /> the same and collecting the rents,revenues and income,and it may pay out of said inwme ali expenses of mpairing said premixs aad necesaary t,
<br /> � �coaunissions and expenus incurred in renting and managing the same and of wllecting rentals therefrom; [he balefta remaining,if azty,�to be �
<br /> � app lied toward the discharge of said mortgage indebtedness;thex rights of the mortgagee may be exercised a[any time during the existenoe of such
<br /> - �. ��default,irreapective of any temporary waiver oF the same. � � f,
<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�monthly to said ASSOCIATION of the sum speciFed in the Bond secured hereby as interest and principal on said loan,on or befom � ��,,�
<br /> a the Twmtieth day of each and every month,until said loan is fully paid;pay all taxes and assesstnents levied against said premises and on this Mortgage � � , -�` ���,�,��-� �
<br /> .� and[he Bond secuted thereby,before delinqurncy;furnish approved inswance upon the buildings thereon in the sum of 3 ������.Q� ble ` ' '�+��u-
<br /> '' . �to said��p$SOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,asussments and insurance wtth inte�re�st at� � �y�,�
<br /> . � the�maximum�legat rate thereon from date of payment�all of which Mortgagor heroby agrees to pay:permit no waste on said premises;keep and comply "` � �-�?`
<br /> F ,�s':
<br /> � �With-a0 the agreements and conditions of[he Bond for S ��,0��_�0 this day.given by the said Mongagor to said ASSOCIATION�,and comply 5 ."� �`�,,`_ �-
<br /> ', with all the reqnircments of the Conatitution and By-Laws of said ASSOCIATION;thm theu presents shall become nuii and wid,otherwiae they �
<br /> .ahaU remain in full force and may be fomelosed at the option of the said pSSOCIATION after failure for three months to make an of said '�7 ��
<br /> '" �. ,-payments�oi be�three months in arrcars in meking said monthly payments,or to keep and comply with the agreements and conditions of�d Bond; s'�+�*.,.`�`�
<br /> � and Mortgagor agrees to have a receiver appoinied forthwith in such foreclosure proceedings. - � -r} �t� ,��
<br /> .. : �. .. . . ��. �
<br /> � �If there is any change in ownership of the rcal estate mortgaged herein,by sale or otherwiu,then the entire remaining indebtednus hemby �"�,�3`Y��
<br /> , �
<br /> tecured�ahall,at lhe option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immedia[e1y due and payable without r �,fi,�
<br /> fureher notSce,and the amount remaining due under said bond,and any other bond for any additional advanas made thereunder,shall,from the ; t ,,�,�e
<br /> datr of exercise of said option,bear intemst at the maximum legal rate,and this mortgage may ihen be foreclosed to sacisfy the amount due on ssid k;� �
<br /> bond;and any other bond for additional advances,together with all sums paid by said The Equitable Bw7ding and Loan Association of Crand laland, .-tx
<br /> Nebnska for insurance,taxes end assessmenta,and abstracting extension charges, with interest thereon, from date of psyment at the maximum � `�"
<br /> legal rate. • a �"
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<br /> '� As provided in the Bond secured hercby,while this mortgage remains in effect the mortgsgee may hereafter advaace additional sums to the , �,j z
<br /> makers of sald Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same az the funds orSginally �r�
<br /> zY� aecured thereby:the total amonni of principat debt not to exceed at any time the original amount of this mortgaga x�,�
<br /> � -'� Dated this 8��'i. day of MdY A.D..19 78 �. ,'t t i
<br /> ?� ,„,���1�� if��,./1�.+., 7.Jh��L. �� /LG��r�-,*. ` ��
<br /> Urville �T. Nicho son ivey'M. Nicholson
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<br /> �S1�ATE OF IVEBRA�IU. .a. On this $tfl. aay of May 19 78 ,before me. � �4'''+a
<br /> �COUNTY�F HdY.L� ��',
<br /> �t � the undersigned,a Notary Public in and for said County,personslly came '
<br /> �q , (�rville.T,. Ni;cholson and Ivey M. Nicholson, each in h�s and her own ri�� and as spouse
<br /> of:e ,,
<br /> • who personaLLy kaown to �
<br /> � �IFi�iR !'� S whose name S dt"E aftnced to the above inatrument as mottgrgor 5 and thBy ��y �. �fis;
<br /> a �' �t' . t to 6e thei 3" wlmtary act and d«d. €^F'w�k ��
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<br /> � ���' �'i�FFSS' hand'and NotarialSaal the date aCoresald. ���"' ""�
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<br /> � �: 6. 'af '?!IG ���tigb0 �. .. . . . ry Public
<br />` � JfqlF Of NEOR�S� �
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