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<br />001403
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 24,127
<br />KNOB' ALL MEN BY THESE PRESENTS: That Jean C, Pagel, a single person, and Timothy John Matheson,
<br />Sr. and Karen E. Matheson, each in his and her own right and as spouse of each other,
<br />Twenty Three Thous! r and no/ 100 --- Mortgagor. Whether °� more, in CQ° motion of the sum of
<br />LIARS
<br />Involved to said by The Equitable Budding and Lunn Association of Grand Island, NebrAtIlka,lifortgagee, upon 230 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,327 do hereby grant, convey and mortgage unto the mid ASSOCIATION the following
<br />d vocarbrd real estate, situated in (tall County, Nebraska:
<br />Lot Fifteen (15), Nottingham Estates Subdivision, in the
<br />City of Grad Island, Hall Ccunty, Nebraska.
<br />tometh= with all the tenements. hereditarments and appurtenances thereunto belonging, inchtding attached 17wr coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air condo toning, and plumbing and water equipment arid accessory ther
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or toed in connection nectn with said real estate, eto,pumpa.stoves,
<br />assessed And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and wit! pay all ties and asaesaoemta levied err
<br />upon said pretnixs and upon this mortgage and the bond scored thereby t store the same shall beoome delinquent; to furnish approved
<br />insurance upon the buddingo; on said premises situated in the sum of S 23, 000.00 payable to said ASSOCIATION and to delver to said
<br />ASSOCIATION the policies for sad insurance; and not to commit or permit any waste on or about said premises;
<br />In case of default an the perfonmamce of any of the terms and conditions of this nortgago or the bond secured hereby, the mootpgoas sue,
<br />era demand, be entitled to immediate Possession of the mortgaged premises and the nottgagor hereby assigns, transfers and sets over to the
<br />orroarrippe all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortga p Indebtedness shall renrght
<br />and the next stall have the power to appoint any agent of agents it may desire for the purpose of repairing said pxemaes and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said p ierniaes sad morcessorry
<br />sets and expenses incurred in renting and managing the assns and •.f collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may he exercised at any time during the cxia<ence of such
<br />clef , irrespective of any temporary waiver of the sane.
<br />These Presents, however, are upon the Condition, That If the said Mortgagor shall repay said ban on of before the maturity of said sham by
<br />Payment: pay monthly to said ASSOCIATION of the sum specified in the Hood secured hereby as Interest and principal tin sad hqn, ern or before
<br />she Twcn rwh day of each and every month, until said loan is fully paid. pay all taxes and assessments levied against said poem n a and on this Mortgoogg
<br />NW
<br />the Bond secured thereby, before delinquency; furnish approved insurance upon the huddings thereon in the sum of S 23,000.00 payable
<br />no laid ASSOCIATION ' repay to sand ASSOCIATION upon demand all Macy by it paid for such taxes, aswastricnis and insurance with interest at
<br />the naximatm legal rare thereon from date If payment all of which Mortgagor hereby agrees to pay; permit no waste on said
<br />ptctnaass :keep and comply
<br />with all the Agreements and conditions of the BeIrul for S 23, 000.OU this day Rhea by the said Mort to said ASSOCIATION, and comply
<br />with all the requinculents of the Constitution and fly -Laws of said ASSOC•IATI0N; then these presents shat! become oud and vod, Otherwise
<br />re its full force and ;nay be fntecdtrved at live option of the said ASSOCIATION after failure for three months to nee any titter
<br />lay is OF be three m oo the in attests in making wed monthly payments, try to keep and comply with the agreements and conditions of sad
<br />Mir r RPM to have a receiver appointed forthwith to such ftncckvsure proceedings. and
<br />If there is anyjurge in uwrership eel the real estate mortgaged herein. by sale ur 0111,01"Whe. then the entire aenninft indebtedness
<br />secured shmg.
<br />at the option cap' The Equitable Budding and t,tran Association of (:rand Island, Neb beconse i mtcly die and pay y
<br />l !sex tuMKe, and the armAmt amaining due under said brad, and any other bond for any additional advous"a ijader iturcumder, NW, ftoon the
<br />ttf exercise of said opsirl, bear interest at the ntaxnntun legal fate, and this trustfutiffe nvay then le (ofedund to satisfy the amount due on inall
<br />any ether hand fen addaoral advances, toacther with all sumo paid by said The Uquitablc Building
<br />a few fin ance, taxes and asseaarnents, and abstracting extension charges, will, intereaf tivcrcon, from datcai >f payment atolaftc tvaaimum
<br />kv
<br />rate.
<br />As provided in the Rond w:cuied hereby, white this "I"119111te Imams in effect the ImntRagec may hereafter advance additional scans to the
<br />makeirs of honed, their a as trl succ:esnrs on Interest, wheat sums shall he wtthtn tote sr¢urtty l this noel the one as the ftvndanegi y
<br />!hereby, the total amount ref info tp�l debt not to e'aired at any IIntP. thei llr lgllla! anxnnt I this rin{rt
<br />Dated this 27th day of March
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