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87--101816
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 24,758
<br />KNOW ALL MEN By THESE PRESENTS: That David W. Sidders and Rhonda L. Sidders, each in his and
<br />her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the arm of
<br />Fifteen Thousand Two Hundred Sixteen and 90/100 - --------- - r Tito
<br />Waned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 152 shtmes of slt & of
<br />said ASSOCIATION, Certificate No. L 24,758 , do hereby grant, convey and mortgage unto the said ASSOCIATION the &ADWi tg
<br />described real estate, situated in Hall County, Nebraska:
<br />All of Lot Four (4), excepting the Easterly Sixteen (16) Feet thereof,
<br />and all of Lot Five (5), excepting the Westerly delve (12) Feet thereof,
<br />in Block Seven (7), Dodd and Marshall's Addition to Wood River, Hall
<br />County, Nebraska,
<br />together with all the tenements, hereditaments and appurtenances therevmto t elomtim_ including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows. awnings, heating,air conditionim& and phumbit>gand water equipment and accessories terrto,pmops,stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used it 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 thevebv before the same shall become delinquent_ to ftanitsh sppeoved
<br />insmaince upon the buildings on said premises situated in the sum of 5 15, 216.90 payable to said ASSOCIATION and to definer to said
<br />ASSOCIATION the policies for said insurance: and not to commit or pet me any waste on it about said premises: --
<br />In case of default in the performance of any of the terms and conditions of ibis mortgage or the bond seamed hereby, the mortgaLve shWL - 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 rime as the mortgage indebtedness shaR rem
<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 inco me, and it may pay out of said income all expenses a repairing said premiss and necessary
<br />commissions and expenses incurred in renting and clanging tbe same and of cvllecntg rental therefrom: the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness_ these rights of the rnort ?.-gee 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 blond secured hereby as interest acrd principal on said Ioan,on r ore the Twentieth day of each and every month, until said loan is frilly paid; pay all taxes and assessments levied against said premises and on this M« grip:
<br />and the Bond secured thereby, before delinquency. furnish approved insurance upon the buildings thereon in the sumo of 515, 216 _ 90 payable -
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for stmt taxes, assessments and insurance with Merest ar
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay -pamii no waste on said preuwzs� keep and comply T
<br />with all the agreements and conditions of the Bond for s 15 r 216.90 this day gig by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By-I.aws of said ASSOCIATION- then these presents shall become nub and void, odeterse they
<br />shag remain in full force and nay be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be tht-ee months in arrears in snaking said monthly payments, or to keep and comply with the agreements and conditions of said Bond_
<br />and MOAP&T agues o have a receiver appointed forthwith in such foreclosure proceedun -
<br />If there is any change in ownership of the real estate mortgaged herein, by ale 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 die and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, stall, from the
<br />bate of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due an said
<br />bond, and any other bond for additional advances, together with all stems paid by said The Equitable Budding and Loan Assoc ation of Grutd Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon., from date of payment at the maxim
<br />Legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortxagee may hereafter advance additional sums; to the
<br />makers of said Bench, their assgru or successors in interest, which sums shalt be within the scuruv of this mortgage the same as the funds on inaft
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amwmt of this mortw-
<br />Dated this 1st day of April �_ n__ ly 87
<br />David W. Sidde -
<br />_L fL In,� 2 � US , Y yt t
<br />Rhonda L. Sidders
<br />STATE OF NEBRASKA. is of Ap
<br />COUNTY OF HALL this 1St da y ri l 19 $7 , before me,
<br />the undersigned. a David W. Sidders and Rhonda L. Sidders, each in his a her own g t for
<br />and as sty se of
<br />each other, who porno known are afBO°�y known to
<br />me to be the identical person S whose name S are affixed to the above instrument as mortgagor S and t11ev tevcraly
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />XTIN£SS my hand and Nutanat Seal the date aforesaid. _ -
<br />Mv a brim ion ezpirrz
<br />iarrzre ai4N w glary Public ROUSH
<br />My £perm, E* Nov. 25,1911
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