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<br /> MORTGAGE
<br /> I��� � MORTGAGE LOAAINO. L 23,113 MGjC ` � "
<br /> IQVOW ALL MEN BY THESE PRESENTS:That Donal d E. Sparks and G1 adys J. Sparks, each i n hi s and `
<br /> her own right and as spouse of each other, Gladys J. Sparks also being :cnown as Gladqs
<br /> ; Joyee Spar7c3� Mort or,whether one or more,in consideration af ffie sum of
<br /> ` Six Thousand and No/100----------------------------�8------------------------- noztnxs
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand[sland,Nebraska,Mortgagee,upon (0 shares of stock of � � � �
<br /> said ASSOCIATION,Certificate No. L.23�113 MGIGao hereby grant,wnvey and mortgage unto the said ASSOCIAT'ION the foUowing � � .
<br /> described real estate,situated in Hall County,Nebraska: �' �
<br /> NORTt�EP.LY FIFfY TWO (52j FEET OF FRAC7IONRL LOTS
<br /> EIGHT (8) AND NINE (9) IN FRACTIONAL BLOCK NINETEEN
<br /> (19) IN H.G. CLARK'S ADDITION TO THE CITY OF GRAND
<br /> ISLAND, NEBRASKA, BEING A RECTANGULAR TRACT OF GROUND
<br /> HAVING AN EASTERLY FRONTAGE OF FIFTY TWO (52j FEET ON
<br /> CLEBURN STREET, IN SAID CITY, AND BOUNDED ON THE NORTH
<br /> BY THE ALLEY IN SAID BLOCK, EXCEPTING A TRACT OF LAND
<br /> RECORDED IN BOOK 110, PAGE 239.
<br /> �� to ether with all the tenemen[s,hereditaments and a �
<br /> g ppurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> window shades,btinds,storm windows,awnings,heating,air conditioning,and plumbing and watu equipment and accessories thereto,pumps,stoves, �
<br /> refrigerators,and other fixtures and equipmrnt now or hereaRer attached to or used in connection with said real estate. . .
<br /> And whereas the said mortgagor has agrced and dces hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> ; assessed upon said premius and upon this mortgage and the bond xcpreG,Sheretw before the same shall become delinqurnt to fumieh approved �
<br /> insurance upon the buildings on said premises situated in the sum of 50�UUU Ul7 payable to said ASSOCIA'fION and to deliver to said
<br /> `�i ASSOCIA7ION the policies for said insurance;and not to commit or permit any wasro on or about said premius:
<br /> �- In caze of default in the performance of any oF the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> �.q on demand,be entitled to immediate posussion of the mortgaged premises and [he mortgagor hereby assigns, transfers and sets over to the �
<br /> �-1 mortgagee ap the rents,revenues and income ro be derived(rom the mortgaged premises during such time az the mortgage indebtedness sha11 remain
<br /> ':�t unpaid;and the mortgagee shall have the power w appoint any agent or agents it may desire for the purpose of repairing said premites and renting �
<br /> the same and collecting the rents,revmues and income,and it may pay out of said income all expenses of repairing said premises and neasssry � �����'i'��
<br /> cocnmissions and expenxs incurred in renting and managing the same and of collecting rentats thercfrom; the balance remaining, if any,to be . � .
<br /> j applied toward the discharge of said mortgage indebtedneu;these rights of the mortgagee may be exercised at any time during the existence of such . .� .
<br /> ::��� default,'urespective of any temporary waiver of the same. . .
<br /> �-�( These Presents,however,are upon the Condition,That if the said Mortgagor shaA repay said loan on or before the maturity of said shares by
<br /> :��.i �payment;pay monthly to said ASSOCIATION of the sum specified in[he Bond ucured hereby as interest and principal on said loan,on or before . �� �
<br /> the Twentieth day of each and every month,until said loan is fully pxid;pay all taxes and assessments levied against said prcmixs and on this Mortgage � � - � �
<br /> ��t and the Bond secured thettby,before delinqumcy;furnish approved insurance upon the buildings thereon in the sum of$6�QQQ.QQ payable
<br /> �.I, to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid fur such taxes,assessments and insurance with intercst at � � �
<br /> ..# the maximum legal rate thereon from date oC payment all of which Mortgagor hereby agrees to pay;permit no waste on said premius;keep and comply . . . •�
<br /> with all the agreemmts and conditions of the Bond Cor S 6.��0.�0 this day given by the said Mortgagor to said ASSOCIA'[70N,and comply ' - �
<br /> with all the requiremmts of the Cons[itution and By-l.aws of said ASSOCIAT[ON; then theu presents shall become null and wid,otherwise thry � �
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for thrce months to make any of said � � �
<br /> _i payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions oC said Bond; � . � "
<br /> and Morigagor agrees to have a receiver appointed for[hwith in such foreclosure proceedings. � . .
<br /> lf there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby � �
<br /> xcured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,bernme immediately due and payabk 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 /> ':�i date of exerciu of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on aaid � �. � �
<br /> :���r pond,and any other bond for additional advances,together with all sums paid by said The Equitable Bu�7ding and Loan Association of Crand Island,
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension chargcs, with interest thereon, from date of payment at the maxunum � � �
<br /> legal rate.
<br /> ..� As provided in the Bond ucured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the � .
<br /> �; makers of said Bond,their assigns or successors in interest,which sums shall be within the xcurity of this mortgage the same as the funds originally � �
<br /> ;.� seeured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga �
<br /> Dated this 17th day of Mdy A.D.,I9 7$
<br /> ; �Z"�-aL.�r Glad~�SP.� �����
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<br /> i STATE OF NEBRASKA, x�
<br /> � COLJNI'Y OF HALL��� On this 1]th day of May 19 ]$ ,before me, �
<br /> the undersigned,a Notary Public in and for said County,perwnally came �. ; �
<br /> . D Sparks and Gladys J. Sparks, each in his and her own right and as spouse of � r:
<br /> _�� � � � .. who aY,e personally known to 4� ;
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<br /> � � . �b��:i/�Enjic� n �S � whose name S dY'E affixed to the above instrument aa mortgegor S and they xverally s-�
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<br /> i a ledged the�ins ent to be thei r �����,act and deed. '� _`.,�
<br /> ' �..�COM1�7 RSlC:V_. 1°�'�d and N{o�terial Scal the date aforesaid. �, �'� ��
<br /> 'j� � , EXPIRES�My;�o 'on axpires ��,,\�4 A � � .
<br /> i . ',94 � 9�0.•' . b
<br /> � i �J' ' Q 32•��•'S,�Q' Notary Public
<br /> �OF NEi�`��'` -
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