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IN
<br />85- 001457
<br />MORTGAGE
<br />1 MORTGAGE LOAN NO_ _ L_24,329
<br />KNOW ALL MEN BY THESE PRESENTS: That Duaine L. Nelscrt and Cheryl L. Nelson, each in his and
<br />her i rf-: right and as Spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Thir1-� Ttr% ThryiGanci Ftxrr Harrr7tYx7 nri rita /700
<br />bated to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, ��_ DOLLARS
<br />said ASSOCIATION, Certificate No. L to t e. upon 3CI shares of hoes of
<br />described real estate, situated in Ball County Nebraska:
<br />' do hereby grant, convey and mortgage unto the said ASSOCIATION the foBowitg
<br />Lots One (1) and Text (2) , in Block Nine (9) , of
<br />Lambert's Additicn to the City of Grand Island, Hall
<br />County, Nebraska.
<br />together with all the tenements, hereditarnents and appurtenances thereunto belonging, including attached floor coverings, an window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and adx coo r in thereto, pumps, sctmies,
<br />refrigerators, and other fixtures and equipment now or hereafter 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 bond secured thereby before the same shall become delinquent; [o furnish approved
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<br />insurance upon the buildings on said premises situated in the sum of t 32, 400.00 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 secured herby, the mortgagee shall,
<br />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 incorre to be derived from the mortgaged premises during such time as the mortgage indebtedness shall retain
<br />unpaid; and the mortgagee shall have the Power to appoint any agent or agents it truly desire for the purpose of repairing said premises and renting
<br />I
<br />he same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said Premises and necesary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance re
<br />applied toward the discharge of said nortgage indebtedness; these rights of the be may be exercised ; h time ��' may' to be
<br />default, irrespective of any temporary waiver of the same. Y Cuing the existence of such
<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 a said ban, id sh before
<br />the Twentieth day of each and every nonth, 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 S 32o400.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand aIf money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum kgal rate thereon from date of pavment all of which Mortgagor hereby agrees to pay; permit no waste on said Premves;keep and comply
<br />with all the agreements and conditons of the Bond for S 32, 400.00[his 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 shad become null and void, otherwise t bey
<br />Mall remain in full force and 'nay be foreclosed at the option of the said ASSOCIATION after fa_j, for three munths to mate any of said
<br />payments or be three months in arrears to making said monthly Payments, or to keep and comply with tax,. . 'rents and conditions of said Bo
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. nd;
<br />If there is any change in ownership of the real estate trasrlpgcd herein, by safe or otherwise, then the entire remaining indebtedness hereby
<br />secured shag, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and
<br />further ntice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, SUB. from the
<br />date of exercise of said Option, bear interest at the maximum legal rate, and this morn tuns du on said
<br />bond, and any Olhcr boxed for additional advances, together with all sums paid by said � Equitable Budding aanddLoan Association of Grand Island, to Y amount dote ore said
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bored, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this Mortgage.
<br />\ Dared this 28th day of march
<br />STATE OF NESKA -SK-A, r
<br />COUNTY OE IIAL I. Ir w On this 28th 'lay of Marc}?
<br />I985 ,before me,
<br />ths and her own rig undersigned, a Notary Public in and for said County, persmtally cattle
<br />UUairte L. Nelson arm Chr_:iyl L. Nelscxt, each i.n hi
<br />other, y" and ass its c)t each
<br />FIND to be the identical person S wh'toe name 3 ale affixed to the above mstruhemr as rrnxtgagO6 sand ��`aly xnl /Wn to
<br />arkmtwledged the %aid instunmeall to lie f }1C lr voluntary act and deed.
<br />y severally f�w1r
<br />W1TP ;ES,S sty hand and NC,o�tqeral Seal the Mate Aforesaid tub
<br />MY Coulfin"t n expires
<br />'atszm ar (1�Y,tlfrtMtf�iNUdaN'nta
<br />MMlta EW N". 25, 14th Notary Public
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