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102629
<br />MORTGAGE
<br />MORTGAGE LOAN NO.
<br />KNOW ALL MEN BY THESE PRESFNTS That Vern Karl Larson, a single person,
<br />laden Tht7 !6 Five Hunlred and n0 100 Mortgagor, whether one or inure, in aomidentiun of the awn of
<br />' ______...__ �''- -- DOLLARS
<br />leaned to said mortppor by The Equitable Building and IAMn Association of Grand island, Nebraska. Mortgagee, upon 20 shares of stock of
<br />said ASSOCIATION, Certificate N.,. L 24, 496 do hereby grant, cor—,i and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated iut fialt County. Nebraska
<br />Lctt. One (1) , in Block Thirteen (13) , in Scarf is
<br />Audition to ;Jest Lawn in the City of Grand
<br />° Island, Hall County, Nebraska.
<br />r
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached fitor coverings, all window semen,
<br />window shades, blinds, storm windows, awnings. heating, air conditiommg, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipntem now or hereafter attached to or used in conncctKrn with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall sod will pay all [axes and assessrien[s levied or
<br />amessed upon said premises and upon this mttrigage. and 'tie band secured thereby before the same shall become delinquent: to furnish approved
<br />iraurance upon the buildings to said premises situated in the sum of s 20 500.00 payahte to said ASSOCIATION and to deliver to sand
<br />ASSOCIATION the policies for said insurance: and nut cu cxommh or ficrind anv waste urn or about said premises:
<br />In case of default in the performance of any of t,ie terms snd aonditions of this mortgage or the uond secured hereby, the mortgagee shall,
<br />on demand, he entitled m imiediate possession of the uwrtgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to tie derived from the in ortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power ter 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 amt mcomr, and it may pay out of card income Al expenses of repairing said premises and necessary
<br />conmiumitnls and expenses incurred in renting and managing the same and of coilecitne, rentals therefrom; the balance remaining, if any, to be
<br />Applied toward the discharge of said nn:rtgage rndrbtedrev m
<br />; these rents of the or(gagce stay be exercised at any time during the existence of pact
<br />default, irrespective of any temporary Waswr of the sane
<br />These Relents, however. are upon the Condition, That if lire said Mortgagor :ttafl repay said loan on or before lite maturity of said shares by
<br />payment; pay monthly to said ASSOC! AT1ON of the sum specified in the H.md secured hereby as interest and pnncipal on said loan, on or before
<br />the Twentwth day of each and every month, until said hian is fully paid; pay all lazes and assessments levied against said premiss and on this Mortgage
<br />and the Bond secured thereby, before delinquency, furnish approved insurance upon the buildings thereon in the sum of $ 20, 500.00 payable
<br />to said ASSOCIATION; repay to said ASS (XIATiON upon demand all in ncy 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 premiws;keep and comply
<br />with all the agreements and conditions of the Bond €or 3 20, 500, 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the rcyuirernents of the Constnuton and By- lAwsof said A..WXIAT1ON; then these presents stall 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 nuke any of said
<br />payments or be three months in arrears in snaking said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />said Mortgagor agree to have a receiver appointed furthwmth in such foreclosure pnx:eedmgs.
<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 />secwed shall, at the option of The Equitable Budding and Loan Association of [:rand Island, Nebraska, become immediately due and payable without
<br />further notice, and tie Amount rgnamfng due under said bond, and any other bond fur any additional advances made thereunder_ shag, from the
<br />date of exercise of said option, bear interest at the maximum lival rate, and thin norigage may then be foreclosed to satisfy the amount die on said
<br />bondaed ley other bond for additional advances, logethe, with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for inwrance. dazes and assessments, and abstracting extension 7.11 -ea, with interest thereon, from date of payment at the maximum
<br />kph rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may —ieafter advance additional sums to the
<br />makers of said &oml, their assigns err site cs, is in interest, which sutras shall be within the security of this mortgage the same as the funds originally
<br />•. aseumd thereby. the total amount of principal .debt nor to exceed at any roux the original amount of this rrnirtgage.
<br />pated this 21s day of }Uy A. n., 14 86
<br />l k—a—r
<br />Vern— kar�`I''�azsor,`____
<br />L
<br />STATE OF' NEMASKA, t n. On this 11St des of
<br />CfWNTY Oft tIA11. y May lot 66 , before me,
<br />the undertigied. a Notary Pubbc in and to. said County, persrvnaily r
<br />Vern Karl Larson., a slriglt parson,
<br />who is personally known to
<br />mkt to he the 4rulk4l petx.>rt wrxrorW. Iran.. is aft ued r.r ;fir vb *,�r �rixtstrsHmt az nxrita r
<br />I ago anu its='. �yeratly
<br />ssttrirrwlrAsd the ijod ix €snit[ m, to he lUs vrrluntary a,.t turd: ,Se *at
<br />wiTNI SS :airy hand and Notarial 3Exf the dare 4F, ec,aid
<br />Wyt'�wrsrwmxeer. +evfard:a f > 1
<br />»ra r+ir at �.�1.i(ary l`ublx:
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