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<br />85-® 001363
<br />See L 21,725
<br />MORTGAGE LOAN NO. —L_ 242 q
<br />KNOW ALL MEN BY THESE PRESENTS: That Ronald B, Alexander and Eunice E. Alexander, each in
<br />his and her own ri ht and as use of each
<br />$ -Utd�n q 0� give H�� � r1 other, Mortgagor, whether one or more, in consweration of the amt of
<br />batted to said tt»n -- " —. - -- IM] 100-- ------------------ �.���_
<br />gagor by The Equitable Building and loan Association of Grand Island, Nebraska, — DOLLARS
<br />Said ASSOCIATION, Certificate No. L r Arta Mum• upon 165 shares of stock of
<br />described real estate, situated in Hall County, Neebbraslca: ' do hereby grant, convey and mortgage unto the said AS the following
<br />Lot Six (6), of Island Acres No, 9 being a subdivision of Lot 7Wenty -two
<br />(22), Island Acres Subdivision in Grand Island, Hall County, 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, heating, air conditioning, and plumbing and water equip —t and accessories thereto, lxcm�, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />aswsw'4nd whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and aSaeaarents levied or
<br />updstl Said premises and upon this mortgage and the bond secured thereby before the saint shag become delinquent; to fitrnish approved
<br />ASSOCIATION open the Puddings on said premises situated in the sum of S 16, 500, 00 Payable to said ASSOCIATION acid to deliver to said
<br />ASSOCIATION the policies for saki insurance; and not to commit or permit any waste on or about said premises;
<br />In Me of default in the performance of any, f the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shalh,
<br />on demand, be entitled to immedutc Possession of the mortgaged premises and the mortgagor hereby
<br />etbtrt all the rents, revenues and income to be derived from Ibe r ortgapd premises during such time a9 the
<br />uatlaid: and the mortgagee Y Saigtta, transfers and sets over to the
<br />shall have the power to appoint any agent or agents it may desire for the purpose he mortgage indebtedness SW remain Of tuts soots and
<br />collecting tot rents, revenues and income, and it may pay out of said income all expenses
<br />Commissions
<br />and expenses incurred in renting and managing the same and of collecting rentals trefrom, the ba ce r Premises renting
<br />necessary
<br />applied toward the discharge of said
<br />f the sate eels. these rights n( the mortgagee any during if any, to b,
<br />default, irrespective of am to tagte may be exercised at an
<br />urittg lox existeao of such
<br />Tut; p Presents. Imwemr, are upan the Condition, 'rhat if the said Mortgagor shall repay said loan on or before the maturity of said shoes b
<br />payment; pay mthly to said ASSOCIATION of the Sum specified in the Mind secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every rrxtnth, urmd sand loan is fully paid; pay all taxes and assessments levied against said premises and on this Murtga�
<br />and the Bond secured thereby, before delinquent furnish approved insurance upon the buildings thereon in the sum of S
<br />10 l A.SSO('IAU Nei: repay to said ASSOCIATION upon demand all coney by it paid for such taxes, a 1su 500.00 payable
<br />the mtaxinum I rate thereon from date of payment all of which Mortgagor hereby agrees to
<br />assessments and itaurandx with interest at
<br />with all 'he is and crndmtirns of the Mend for S 16 500.00 this day RaY: permit ru waste on said Premises; keep and comply
<br />with cep she r emxmts of the Constitution and By -laws of said ASSOCIATION: given b� Sail Mortgagor to said ASSOCIATION, and comply
<br />shall remain in bhp force and tray be foreclosed mold at the option of the sail ASSOCIATION after failure for tore months to nalct any of said
<br />present: shall bccotte null and void. otherwise they
<br />Payments nr be three months in arrears in cooking said monthly payments, or to OCI and N aft r with re or three and s to male of said
<br />Alum to have a receiver appointed forthwith in such foreclosure proceedings
<br />Bond:
<br />11' there is any change un ownership of the real estate mortgaged herein, h
<br />shall, at t1v option of The Is unable Building nd Loan Association of ( rand I island N Nebraska become
<br />tmmmtedia due and
<br />further "ice. and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, ledr hereby
<br />e ref exercise of Said option, bear interest at the maximum Payable without
<br />bond. and any other bond for Additional advances, tc Ihtr with sue, and this mon may then be for dap. from the
<br />rge Y foreclosed to satisfy the amount doe on Sa�
<br />for anec, texts and a Wrote, and abstracting extension �mr by said The Equitable Building akin Loan Association of Grand Island
<br />ked
<br />rate. gee, with interest thereon, from daft of
<br />Iayment at the
<br />As in the r [kind
<br />assigns s it su herby, while this muff remains in effect the mortgagee may hereafter advance additional maximum .
<br />era of , them a sot surincip sin interest, which sums shall ht within chit security of this Wort tot
<br />secured thereby, tux [oral amount of pruam:ipal dell nob to at any lid the anginal amount of this nktrt sartrts i° the
<br />I'
<br />this saam as the funds originally
<br />d4y of March
<br />X,
<br />00 . Ale er.
<br />STATE fFf NN XSKA,
<br />( OlJN7Y fW HALL a. (he thus 19thd4v o1'
<br />Ma1°c:17 19 65 , before ttx,
<br />WAI&ld U. the undersigned, a Notary Public in and for fiid County, pernmallycarte
<br />Al xattrf r' lied LUnic:e E. Alexatx.wr, oacsh ul hi wXi im�r c Wt rayht .uu1 i1
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