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MORTGAGE
<br />Fisher, Register of Deeds,
<br />O MORTGAGE LOAN N0. c t , roc v
<br />KNOW ALL MEN BY THESE PRESENTS: That Arthur R . ;Goodwin and Irene M Goodwin , each i n his and
<br />�} h h , 4- 1,
<br />er own right and as spouse of eat, -0 er, Mortgagor, whether one or more, to consideration of the sum of
<br />Twenty-four Thousand and No/100-------------------------=-------------------------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 240 shares of stock of
<br />said ASSOCIATION; Certificate No.,:L 21 ,552 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate; situated in i-Iall County, Nebraska:
<br />LOT TWO (2), IN BLOCK TWENTY-FIVE (25)
<br />IN PACKER AND BARR'S-SE.COND ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />together with all the tenements, hereditaments and. appurtenances thereunto belonging, in attached floor coverings, all window screens;
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, 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 agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the, same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 24 , 000.00 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 premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and •sets over 'to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness sltallremain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises, and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward 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 temporary:waiver of the same.
<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. specified in the Bond secured herdby as interest 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 premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 24 , 000., 00 payable
<br />to said ASSOCIATION; 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 pa); permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 24 , 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION 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 agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness' hereby
<br />secured 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 tile maximum legal rate, and this mortgage may .t}ten be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, togetherwith all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of paynient. at the maximum
<br />legal rate.
<br />As provided in.the Bond secured 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 security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any the original amount of this mortgage.
<br />Dated h 11th d y�y ; April A.D.;.19 75
<br />J� c
<br />Arthur R. Uooclwin Irene M. b00dwin
<br />STATE OF NEBRAS!CA,.l ss. On this, 11 th day of
<br />April 19 75 ,before me,
<br />COUNTY OF HALL
<br />the undersigned'a Notary Public in and for said County;'personally came
<br />*ihur R.'Goodwin and°Irene M. -Goodwin, each in his and her own right and as.spouse of
<br />each Other, who are personally known to
<br />m thrnj r�,,((�� ersons• whose names are affixed to the above instrument.as mortgagor s and they severally
<br />k?t�tvj¢d�,,E .AP trument to be their voluntary act and deed.
<br />SNE my hand and Notarial Seal the date aforesaid.
<br />r a T 4RY bty> om 'ssion expires
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<br />EXP IetES otary Public
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