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<br /> �$- 003065
<br /> MORTGAGE
<br /> � MORTGAGELOAN NO. L23,�ZO
<br /> lINOWALLMENBYTHESEPRESENTS:That Charles F. Kelso, a single person
<br /> Mortgagor,whether one or more,in consideration of the sum of � . , �
<br /> Twent.v Seven Thousand Six Hundred Fiftv and No/100---------------------------- �L,L,A�s
<br /> ' � loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon 2]( shares oC stock of . �
<br /> � said ASSOCIATION, Certificate No. L 23��Z� ,do hereby grant, wnvcy and mortgege unto the said ASSOC[A'ftON the following � �. .�
<br /> � described rcal estate,situated in Hall County,Nebraska: �
<br /> FRACTIONAL LOT ONE (1) IN BLOCK ELEVEN (11), OF CHARLES WASMER'S ADDITION TO THE CITY
<br /> OF GRAND ISLAND, AND IT'S COMPLEMENT, TO-WIT: ALL OF FRACTIONAL BLOCK ELEVEN (11), OF
<br /> PALMER'S SUBDIVISION OF LOT NUMBER SEVEN (7) OF THE COUNTY SUBDIVISION OF THE SOUTHEAST
<br /> QUARTER OF THE SOUTHWEST QUARTER (SEaSW4) OF SECTION NUMBER SIXTEEN (16), IN TOWNSHIP
<br /> NUMBER ELEVEN (11) NORTH, OF RAN6E NUMBER NINE (9) WEST OF THE 6TH P. M.,
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<br /> � 5 to ether with all the [enemenu,hereditaments and a
<br /> g ppurtenances thereunto belonging,including attached iloor coverings,all window scrttns,
<br /> � window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thercto,pumps,stoves,
<br /> refrigerators,and other fixmres and equipment now or heroafter attached to or used in connection with said real estata �
<br /> And whereas the said mortgagor has agreed and does hereby agrce that the mortgagor shall and will pay all taxes and asxsaments letied or .
<br /> assessed upon said premius and upon this mortgage and the bond secured thereby beforc the same shall become delinqurnt;to furnish approved L
<br /> insurance u n the buildin on said remixs situated in the sum of S 27 650.00 �`
<br /> po gs p � payable to said ASSOCIATION and to deliwr to said
<br /> � � ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premius; ,
<br /> In cau of default in the performance of any of the terms and conditions oC this mortgage or the band ucured hereby,the mortgagee shall, t j`.
<br /> � on demand,be entiUed to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and xts over to the
<br /> �S mortgagee all the renu,revenues and income to be derived from the mortgaged premius during such time as the mortgage indebtedness shall remain
<br /> ; unPaid;and the murtgagee shall have the power to appoint any agent or agents it may des'ue for the purpose of repairing said premises and renting �
<br /> the seme and collecting the rents,revenues and income,and it may pay out of uid income all expenxs of repairing said premius and neaaary �
<br /> ,� � commissions and expenus incurred in renting and managing the same and of collecting rrntals therefrom; the balance remaining,if any,to be �
<br /> �-.a applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existrnce of such �. �
<br /> _�:�� default,irrespective of any temporary waiver of the same. , -
<br /> These Preunts,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 ASSOCIAT[ON of the sum specified in the Bond xcured hereby as intetest and principal on said loan,on or before
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premixs and on this Mortgage .
<br /> and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings[hereon in the sum of$27,650.�� payable �
<br /> to said ASSOCIAT[ON:repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at �
<br /> the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply . .. �
<br /> with all the agroements and conditions of the Bond for$ 27�(5�.�� this day given by the said Mortgagor ro said ASSOCIATION,and wmply �
<br /> with all the rcquirements of the Constitution and ByLaws of said ASSOCIATION;then these presents shall become null and wid,otherwix thry �
<br /> � shall remain in Cull force and may be forecloud at the option of[he said ASSOCIATION after failure for three months to make any of said � � � �
<br /> . payments or be throe months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond; .
<br /> and Mortgagor agrees to have a rcceiver appointed forthwith in such forcclosure proceedings. ��
<br /> � If there is any change in ownership oF the real estate mortgaged herein,by sale or otherwise,thrn the entirc remaining indebteMeu hereby � . . � .
<br /> ' secured shali,at the optionbC The Equi[abte Building and Loan Association of Grand I�land,l\e6raska,bea�me immediately due and payable without �� � �
<br /> ?� � further notix,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 op[ion,bear interest at the maximum legal rate,and this mortgage may then be forecloud to satisfy the amount due on said � �
<br /> .'; bond,and any other bond For additional advances,together with all sums paid by said The Eqwtable Building and Loan Association of Grand Ialand, ��
<br /> - ���i . c�faka for insurance,taxes and assessments,and abs[racting extension charges, with interest thereon, from date of payment at the maximum '. � '
<br /> .�. ps provided in the Bond sewred hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the �� �
<br /> ' .c= makers of said Bond,their atsigns or successors in interest,which sums shall be within the security oC this mortgage the same as the funds originally � ' .
<br /> ,�.�. ucured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga : . .
<br /> ,:�;' Dated this �9tF1. day of Mdy A.D.,19 7$
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<br /> ' t Gharles F. K so
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<br /> � STATE OFIVEBRASKA,�
<br /> t'^ COUN1'Y:OF FIALL �. On this �9th. day of May 19 ]$ ,before me, r__,,;.:
<br /> ,'j � � . the undenigned,a Notary Public in and for said County,personally came � � � .
<br /> �2�SO> a single person Wt,o 75 personallyknownto �' � �
<br /> ��� � �.,` . /� �
<br /> �� bp.�"f�pe whose name 7 5 af£ixed to the above instnunent as mortgagor and �'12 XltltdtYUf� �' _
<br /> 2 . . �'. .. . ,
<br /> �� acJc�69edged the�' ent to be hl 5 wluntary act and deed. w:*
<br /> � Ni)TARYqr��� y hand and tarial Sea!the date aforesaid_ � ,. �: �:'�i'
<br /> �. CDA1FdtSSfO�"I-:� . " . �"�
<br /> EXP{R£SMY� 'onexpires ,� ( .
<br /> . •'AUC�31:.9��-'Q.� . . �� � ���� —�" `-E 0.•0 .
<br /> • � 1 Notary Public
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