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<br />Fi�qd f jf 001
<br />or record M. in
<br />0 11 4 2 -- a0o-
<br />JeL/n Fisher, Pe,-is-'Uer A�ofDeeds ,
<br />Hall County, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21890
<br />KNOW ALL MEN BY THESE PRESENTS: That Carroll P. Ward and Patricia A. Ward, each i*n his and her
<br />..own right and as spouse of each other, Mortgagor, whether one or more, in consiacration of the sum of
<br />Twelve Thousand Five Hundred and No/100-� ---------------- : -------------------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 125 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21890 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT THREE (3) AND LOT FIVE (5) IN BLOCK TWENTY
<br />THREE (23) IN UNIVERSITY PLACE, AN ADDITION TO
<br />THE CITY OF GRAND ISLAND�, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thercunto belonging, including 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 Sl 2 500. 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 tile 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 tile mortgaged premises during such time as the mortgage indebtedness shall remairl
<br />unpaid; and the niortg'agee shall have tile power to appoint any agent or agents it may desire for tile 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 reritals 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 ofsuch
<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 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 paid; pay all taxes and assessments levied against said premises and on this Mortgage .
<br />and (fie Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 12 , 500 . 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 pay; permit no waste on said premises; keep and comply'
<br />with all the agreements and conditions of the Bond for S ' 12 , 500 . 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 conditioiis ofsaid Bond,
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of tile real estate mortgaged herein, by sale or wherwise, 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 the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with 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 payment at the maximum
<br />legal rate.
<br />As provided in tile Bond secured hereby, while this mortgage remains in effect tile mortgagee may hereafter advance additional sums to tile:
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within tile security of this mortgage the same as the funds originally,
<br />secured thereby, the total. amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Date this 24th day of November -A. ., 19 75
<br />Carroll P. Ward P-atricia A. Ward
<br />STATE OF NEBRASKA, ss. On this 24th day of November 19 7 5 , beforerne,
<br />COUNTY OF HALL
<br />the,undersiRwA, a Notar Public,*, and f r said Count persoiplly came
<br />Carroll P. Ward and Patricia A. Ward, each in his an er 85 r I ght anod as spo6lse 0
<br />each other:, who Are personally known to
<br />me to be the identical persons whose name S are affixed to theabove instrument as mortgagor S and they severally
<br />acknowledged the said instrument to be thei r voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />My Commission expires
<br />1% DOPOTHY �-I-
<br />51 GENERAL [10TAl-Y
<br />3-73-2M
<br />State of
<br />MY cor.lMissioll
<br />. ......... ..... I
<br />July 31, 1977 -
<br />- .677
<br />-X (1, 6,-C-C� "i
<br />j Notary Public
<br />
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