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<br />85-002252
<br />MORTGAGE
<br />MORTGAGE LOAN NO. _ji_2A_,356
<br />KNOW ALL MEN BY THFSF. FRISFNTS: That Richard Lee Marler, a single person,
<br />Mortgagor, whether one or more, in consideration of the sun of
<br />7tventLr Ztgo Thousand rbur._ Htutdred strut. no/ 100 - -_-- ___— _ — _---------------- ooLLARs
<br />loaaed to said moirlpeor by The Equitable Building and Loan Association of C;mnd Island, Nebraska, Mortgages, upon 224 shares of stock of
<br />sand ASSOCIATION, Certificate No. L 24,356 , do hereby grant, ourvey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in flail County, Nebraska:
<br />Lot Ten (10) , in Block Seventeen (17) , in College
<br />Addition to West Lawn, an addition to the City of
<br />Grad Island, Hall County, Nebraska.
<br />together with all the acnerivenls, hereduaments and apputtenamaxs thercumo behtiging, including attached Iktx coverings, all window sexeens,
<br />window shades. blinds, storm windows, awnings, healing, air uoudrtnmrng.. and plumbing and water cxluipnwrd and accessories thereto, pumps, stoves,
<br />refrigerators. and tither fixtures and equtpareent now or hereafter attached to of USrd it cnnnectwon with seed real estate.
<br />And whereas the sard trnttgagor has agreed and dales hereby agree that she rrnxtgagor .hall and will pay all taxes and assessments levied or
<br />assessed upon sane premises and upon this mortgage and the bond xcurcd thcrehv fIctore it;c vme shall become delinquent. to furnish approved
<br />insurance upon the huikdings on said premises situated in the sum of S 22, 400.00 payable to said ASSOCIATION and to deliver to said
<br />ASS€tCIATItrN the policies for said insurance; and not to cornrmt or permit anv waste on of about satin premises,
<br />In case tit dclault in the perfutrrmnce of any tit the terms and conditions of this nxrtliw or the hand secured hereby, the mortgagee shall,
<br />,in demand, he entitled to Immediate pmn.ssanon of the inotigaged premises and the im :rigigur herehv Assigns, transfers and sets over to the
<br />=XtgRW all the rents, revenues and inamte to he derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />usvpand and the mnxl shafJ have the flower ru appnarnt any agent or agents it stay ita•sne tar the pmfx>se of tepairirgl said piemtxs and tentmg
<br />the same and collecting toe rents, revenues and uiconee, and It may pay out of vand mcumec ail c•xpensets of repaxing said premises and necessary
<br />commovivarm. and expenses utcterred in renting and managing the same and of dollectmg rerrtads therefrom: the balance remaining, if 'any, to be
<br />applied toward the discharge of said rtmrigage indebtedness. these rrxhts of rhr nnirigage, may be exercised at any tone during the existence of such
<br />default, irrespective of any tempxmary waiver of live same
<br />'These Presents. however. are upon the ('onditxm. That it the nand Sturtlta}nr shalt spay surd Iran on OF blilme the maturity of said shares by
<br />payment; pay mamthly de satd ASS(if'IA 11ON of the Sinn specified in lhe. Mind rmcd hereby as interest and principal on said Iran, on or before
<br />the Twentieth day of cacti and every muinth, until said loan is fully paid, pay all taxes and asscssnents lived agamst said premises amt on this Mortgage
<br />and the hoed secured thetebv, before delinquency. furnish approved insurance upon the huddmgs thereon in the sum of S22, 400.00 payable
<br />to said ASSMIATION, repay Ito sand ASSMIA'HON upxm demand all ni(rtey by it pawl for such taxes, as.- ssrnemis and insurance with interest at
<br />the maximum legal rate thereon from (late of paymoent all of which Mortgagor hereby agrees 10 pay. permit no waste on said premises; keep and comply
<br />wrilt all the agreements and conditions of tote IAind for S 22, 400 .00 this day given by the said Mortgagor to said ASSOCIATION, and cornply
<br />with all the requitements of the Constuuturn and Bylaws of said ASSOCIAi ION, lhen these presents shall become null and void, otherwise they
<br />doll remain in full firce and may he tofeckrxd at the oplmn of the sad ASSOCIATION after failure for three months to nuke any of said
<br />payments tit be three months in arrears in making said tnmthly payments, ar to keep and comply with the agreements and conditironsof said llumd;
<br />and h1cmitaffints agrees to have a recxaver aliptianled forthwith in such foreclosiue Proceedings.
<br />It there is any chamdr in ownership of the real estate rnartgatted herein, by sale or iatherwiat, then the entire remaining indebtednex hereby
<br />secured shall, a( the opiwm of The E.quitabfe Mudding and loan Assoctatiort of (:rand Island. Nebraska, become immediately dire and payable without
<br />further nnrce, and the attawnt remaining due under said Mmd, and any other hued tot any additional advances made thereunder, shall, from the
<br />date of excrete of said optwin, hear 1111M t at tie naaxumdm trAl rile, and this rreerrtvage may then he foreclosed to satisfy the amount die on said
<br />bund,and any other lxtul for additional advances, together with all sums paid by said lure I "gettable Budding and Loan Asxn;ialfun of (;land Island,
<br />ttaka for matuaticc, taxesand as sservents, aril abstfacturg extension changes, with utterest thereon, from date of payment at the maximum
<br />firsid
<br />rate.
<br />As pro m tie Hond secured hereby, while this i norigage winatns to effect the rmmlgM ee may hereafter advance additional sums to the
<br />makers of Brni, their rivisafirntor sucu.ssnus rn mterett, which sums shall he wuhau the security of this mottratilt live sane as the funds otigsnally
<br />secured thereby, the tofad ananuvt of principal debt not to exceed at any time lie migtmal amn,unf of this nitutfisige
<br />T lea loth day of May A. Il , I`> 3 )
<br />STATI, Of NkMRASKA,
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