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MORTGAGE 85- 002324
<br />MORTGAGE LOAN NO. L 24035 I
<br />KNOW ALL MEN BY THESE PRESENTS: not Dwaine L. Nelson and Cheryl L. Ne lson, each in his and
<br />her own right and as spouse of each other, Mortgagor, whether one or more, in corAWrstion of the sum of
<br />Zlfent -V Five Tbp ingwd arts m1100_____________ ^. --- _ _ _ --- DOLLARS
<br />loaned to said anortptfor by The Equitable Budding and [scam Association of Gland Island, Nebraska, Mortgagee, upon 250 shares of stock of
<br />said ASSOC! ;:ION, Certificate No. L 24,353 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Nall County, Nebraska:
<br />Lot Fifteen (15), in Block Eleven (11) , in University
<br />P'.:oe, an addition to the City of Grand Island, Hall County, Nebraska,
<br />topiler with all the tenements, heieditaments and appurtenances thereunto belonging, including attached filar coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment acrd accessories thereto, pump, mom,
<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 lay all taxes and atnsesmeats Levied or
<br />assessed upon said premises and upon this msortp p and the hand secured thereby before the same shall become delinqucnt; to furnish approved
<br />manance upon the buildings on said premises situated in the sum of S 25,000.00 payable to saki ASSOCIATION and to deffver to said
<br />ASSOCIATION the policies for mad insurance; and not to commit ou permit any waste on or about said premises;
<br />In car of default in the performance of any of the Corms and conditions of this nurtgage of the bond secured hereby, the mortppe sha 1,
<br />.sat demand, be entitled to wintertime possessi +n of the truirtgsged premises and the mortgagor hereby assigns, transfers and arts over to the
<br />mortgagee all the rests, revenues and income to be derived from the morlpfled premises during such time as the Mortgage indebtednew shall remain
<br />unpaid; and the martgapee stall have the power to appoint any agent of amts it may desire for the purpose of repairing said premises and renting
<br />the same and dealing the tents, revenues and interne, and it may Tray out of said income all expenses of repairing said prestsges and necessary
<br />cousaussions and expenses inctured in renting and arranging the sane and of collecting rentals therefrom; the balance rem, if any, to be
<br />applied Harald the dnchatp of sad rurtgage imlebtedncss ; thew rights of the imulgagec may be exercised at any tiie during the existence of such
<br />(, irespacteve of any temporary waiver of the sane.
<br />Thew Presents, however, are upon the Cdrdiwn. That if the said Mortgagor shall relay said lean on of before the maturity of said safes by
<br />payment; pay momtliy to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said Joan, on or before
<br />the Twentieth day of each and every ninth, unid said Ivan is fully pad; pry all taxes and ancurnents levied against said pees. And 00 this Mottpge
<br />and the Boni secured thereby, before delinquency. furnish approved insurance upon the buildings thereon in the sum of S 25, 000.00 payable
<br />to mid ASSOCIATION; repay to sail ASS(K'IA'1'I(,rN upon demand all money by it pad feu such taxes, assessments and Masance with interest at
<br />the maximmin legal rate lheretn from date of payment all of which Mortgagor hereby gees to pay; permit no waste on said
<br />premises :keep and uxsmpty
<br />with all the eements and crntdimns of the Brnd for $ 2 0Q() (10 this day given by the and Mortgagor to said ASSOCIATION, and wmpiy
<br />with 211 the requicmenn of the Constitution and Ity•laws t said ASSOCIATION: then these presents shall become null and void, otherwise they
<br />remain in full force and rsay be furcckrscd at the option of the said ASSOCIATION after failure for three months to matte any of said
<br />payments of be three muxuhs in ancan in making said ninthly payments, tit to keep and annply with the agreements and conditions of said Bird;
<br />and Mortgapor nom to have a scceiver appointed forthwith in such forecoaute proceedings.
<br />It that M any change in ownership of the real estate mortgaged herein, by sale us othetwiae, than the entire remaining inalebtedruals
<br />focused d", at the optima of T1m f :quilable Budding and Loan Association of Grand Island, Nebr�um,buecome ' due and payable without
<br />further n tine. and the e remaining due under said Mod, and any other bond for any additional advances made thereandet, *dd. from the
<br />date of exettaut of Mad up(iom, bear interest at the maximum Legal rate, and that morttlage may then be hweckmaid to salisfy the amount due on said
<br />latand,and any other bmd for additional advances, togethcn with all suns paid by said The Equitable Budding and Loan Anociation of Grand Inland,
<br />Nalwaska for e, taxes and assessments, and absifacrmg extension charges, with dnferem thereon, from date of payment at the naxientmt
<br />livid Pare.
<br />As latovided in she Bird secured hereby, while this mortgage remains in effect the muttgape may hereafter advance addikmmN sums to the
<br />maluffill of NW Boad. thew assaigns or successors in interest, which sunns shall he within the securely of this moittgap the sauna as the funds originally
<br />viewed thereby. the !oral amount of principal debt rndt to exceed at any time the original amount of this mottpppe.
<br />this - day tit May A. n., Iv 65
<br />STATV (W NIDRASKA.
<br />CWW N fN HALL a. On this 1ty1 day of May IV 85 ,before me,
<br />the umier , a Notary public en and ter said County, petmra#lyoatme
<br />.ii7e L. i iitxl C,1'r(;�ty1 L. Nte:l:>rt, eaisc�tt ifs hYl(a i�x :i I�.r rears rlyhtyekl �1u :��x knssrmtu
<br />r , 3Ct?
<br />nsr era be the nt i payssm B wh imic name u dtt'R1 al)xed fie the above instrument as mottg4of ti and Owy tevendly,
<br />o Ctrs utid urtafrurn®nt !e: !e t :ice i K wrfuntaty act anal died.
<br />7rf'tN!'.,kSi my !seed atuf !gEutaral ties{ the otste stn >temd
<br />ea barA! rri
<br />Notary Public
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