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<br />I
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<br />8 101767
<br />8-
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<br />MORTGAGE
<br />
<br />MORTGAGE LOAN NO, L 25008
<br />
<br />KNOWALLMENUYTIIFSEPRESENTS:That Donald H. Coppersmith and Betty F. Coppersmith. each in
<br />his and her own right. and as spouse of each other.
<br />
<br />Mortgagor, whether one 01 more. in consideration of the sum of
<br />Twelve Thousand and no/lOa -------------------------------------------------------DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 120 shares of stock of
<br />said ASSOCIATION. Certificate No..L 25008 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the follOWing
<br />described real estate, situated in lIall County, Nebraska:
<br />
<br />Lot Nineteen (19). West Heights Second Addition. an Addition to the City of Grand Island.
<br />Hall County. Nebraska.
<br />
<br />together with all the tenements, hereditaments and appmtenances thereunto 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 />
<br />And whereas the said mortgagor has agreed and does hereby agr!.."C that the mortgagor mall 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 sitU3ied in the sum of S 12.000.00 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 />
<br />In case of default in the performance of any of the telms and conditions uf this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the murtgagor hereby assigns, transfers and sets over to the
<br />mOrtgagee all the rents, revenues and income to be derh-ed from the mortgaged premises dming such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the pUTpose of repairing said premises and renting
<br />the Slme and collecting the rents, revenues and income, and it may payout of said income all expenses of repairing said premises and necessary
<br />oommissions 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 mortgagce may be exercised at any time during the existence of such
<br />default. irrespective of any temporary waiver of the same.
<br />
<br />These Presents, however, are upon the Condition. That if the said Mortgagor ~hall repay said loan on or before the maturity of said mares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and ptincipal 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 />
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 12.000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and inSUlance 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 />
<br />with all the agreements and conditions of the Bond for S I 2 .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 fOlce and may be foreclosed at the option of the said ASSOCIATION after failure fur three months to make any of said
<br />payments or be three months in anears 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 />
<br />If the:e is any change in ownllrship of the real estate mortgaged herein, by sale ur 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 the maximum legal rllte, 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 />NebrlUb fot insurance. taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />1epI rate.
<br />
<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 SUcceSSOlS 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 time the original amount of this mortgage.
<br />
<br />Apri 1 A. D., 19 88.
<br />
<br />W'~
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<br />
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<br />
<br />Betty F. Coppe s Ith
<br />
<br />'STATH OF NEBRASKA, l IS.
<br />COUNTY OF IIAU. ~
<br />
<br />Donald H. Coppersmith
<br />h~r own right. and as
<br />
<br />On this
<br />
<br />4th
<br />
<br />day of
<br />
<br />Apr il
<br />
<br />19
<br />
<br />88 ,before me,
<br />
<br />. the underliiglll;d. a N91ary Public in and for said County, personally came
<br />and Betty F. Coppersmlth. each In hIS and
<br />
<br />spouse of each other. who are personally known to
<br />
<br />me to be the identical, peuon S whOle IUlme s are affixed to rhe above ilnSlrun mortgagor S and they
<br />.dtnowledJlCd the said instrument 10 be the i r voluntary lei and deed. .' , "L ?
<br />
<br />~...." :~'~::,=;:':: N.'U~IS':' "".", "."ui. .~r-722L~.J~,__-
<br />
<br />St'wrally
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