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<br />MORTGAGE --
<br />T MORTGAGE, LOAN NO. —__L_ 24,446 - - --
<br />1 KNOB' ALL MEN BY THESE PRESENTS: That William M. Burkholder and Yvonne I. Burkholder r each in
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />his ana her own right and as spouse of each other, _ _ _ _ _ DO�
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<br />Waned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 165 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,446 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Halt County, Nebraska:
<br />Lot One (1) r in Block Two (2) , in Capital Heights Fourth
<br />Subdivision, being a tract of land comprising a part of the
<br />Southwest Quarter (SW's) of Section Two (2) , Township Eleven (11)
<br />North, Range Ten (10) West of the 6th P.M., in Hall County,
<br />Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, beating, air conditioning, and plumbing and water equipment and accessories thereto, puumps,stoves,
<br />refrigerators, and other fixtures and equipment now or Itereafier 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 hand secured thereby before (tie same shall become delinquent to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 16, 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 the performance of any of the terms and conditions of this mortgage or the bond
<br />secured S�ers yand setts over to the
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns,
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the nxtrlga 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 payout 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 tights of the m- rlgagee 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 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 the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of '.% 16, 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 aril comply
<br />with aB the agreements and conditions of the Bond for S 16 , 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 />"I remain in full force and may he foreclosed at the option of the said ASSOtAATION after failure for three months to snake 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 dux and payable f it the
<br />further notice, and the amount retraining due under said bond, and any other bond for any additional advances trade thereunder, shall.
<br />date of exercise of said option, bear interest at file maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond. and any other Nebraska few insurance, taxses and assessments, d together tct ng extension paid
<br />harges, with linterestt thereon, Budding date of payment at rand Island, ion
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains to effect the mortgagee may hereafter advance additional sums to the or successor$ nakers
<br />secured of thereby the total their amount of principal debt not to exceed sums at any shall
<br />me within amount of'th sr inorigage. the same as the funds originally
<br />I)rted this 9th day of January A. D.. I l 86
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<br />STATE. OE NEBRASKA. ()n this 9th day n1 January ly 136 . before one,
<br />COUNTY OF HALL
<br />the 11[IdCIBIItIIed• a Nolaly Public in and for said County, personally carne
<br />i William M. Burkholder a bO Yvut>x: i. Burkholder, eac}l in his 3txi tterWnc�wrtarc p ti�neyknt�won
<br />(-- of each other
<br />me t be late identical perwrn s whose name S are dtixcd to the above mstnunent as nurzlgagui t; lend ehl'y severally ,
<br />acknowledged llte said utslrtuneot to be their voluntary act and deed
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