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85-- 002335
<br />MORTGAGE
<br />— _._..... __ MORTGAGE LOAN NO.. L 9A.,359
<br />KNOW ALL MEN BY TNFSE PRESENTS: That Gwendolyn J. Swanstran , a single person,
<br />Mortgagor, whether rite or more, in conddeeation of the sum of
<br />Twtenty Five Thousand and no/ 100 -- - -- '—_ DOLLARS
<br />loaned to said mortga for by The Equitable Building and Loan Association of Grand island, Nebraska, Mortgalaw, upon 250 shams of stock of
<br />said ASSOCIATION, Certificate No. t. 24,359 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Had County, Nebraska:
<br />Southerly Seventy Four Feet (74') of Lot Eight (8) of Block
<br />One Hundred Twenty Eight (128) in Koenig and Wiebets'addition
<br />to the City of Grand Island, Hall County, Nebraska.
<br />topdstha with all the tenements, atereditionems and appurtenances thereunto belonging. including attached floor coverings. all window, txum.
<br />widow sacks, blinds, storm windows, awnings, heating, air conditioning, acrd plumbing and water equipment and accessories thereto, p wW.strat.
<br />refriepntas, 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 saenments levied or
<br />sweated upon said premises and upon this moltgage and the hand secured thereby before the same shad become delinquent. to furnish approved
<br />msuranor upon the buddirgs on said premises situated in the sum of $ 25,000-00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies fill said insurance; and not lo 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 hereby, the mortgages shad,
<br />to demand, he entitled to inmredute possession of late mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mrrtpeliae all the rents, revenues and intone: to he derived from the mortgaged premises during such time as the mortgage ardebtednest slab resrait
<br />and the mortgailatic stall have the power to appoint any agent or agents it may desire for the purpose of repairing aid premises sad aerating
<br />the acme and coUM g the rents, revenues acid income, and it may pay out of sand income all expenses of repairing said promises and naaesaty
<br />oowAninKms and expenses incurred in renting and managing tare same and of idiccureg rentals therefrom. the balance retraining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these fig hts of life morigagcc may be exercised at any time during the exhteeoe of such
<br />default, offespectrw of any temporary waiver of the sense.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said sates by
<br />peyttama -. pay monthly to sent ASSOCIATION of the sum specified in the {hind secured hereby as interest and principal on said lean, on or before
<br />the Twentieth clay of each and every month, until said loan u fully paid: pay all taxes and assessments levied said premises and on this MextlfltlPe
<br />and the Brand secured thereby. Wore deittupucncy; furnish approved insurance upon the buildings thereon in the sum of $ 25, 000.00 pay"
<br />to =W A.SSIXIATION. repay to said ASSOCIATION upon demand ail money by it paid for such taxes. asscuments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay: permit no wage on said prensues :keep and owrgly
<br />wall all this agreements and conditions of the &nd for $ 25, 000.00 this day given by the sad Mortgagor to and ASSOCIATION, and comply
<br />with all the requirements of the Constitution and dy4Aws of said ASSOCIATION. alien these presents Bali null and voul. Otherwise they
<br />AM reason in full force and may be foreclosed at the Option of the said A.SSOCiAT ON after failure for three months to make any of said
<br />payments or be three months in arrears fit nuking said nwnthly payments, or to keep and comply with the agicenwirlsand conchttols of said Bond;
<br />and Ahrtgapper agrees to have a receiver appointed forthwith in such foreciosstme procaedags.
<br />If there is any change in ownership of the teal estate mart herein, by sale or otherwise, then the entire ternsuraing indelatedness hereby
<br />secured . at the option of Tie FAmtable Building and Loan Association of (.rand Island,Nebrasta,becume mornethately due and payable without
<br />frrtfesr notnz, and the amount remaowug doe under said bond, and any ,I her burst for any additnra7 advances made thereunder, sad, from the
<br />date of saercae of sold option. hear interest at the maximum legal rate, and rhos mortassisse may then be foreclosed its satisfy the atmtwtl due on aid
<br />any rkhot Mend for ad"Kinal advances, together with all supra pad by said The l quhtable Budding add Lon Association of Grand IaWtd,
<br />Nebraska Pox mustrince. taxes and armessaments. and abstracting extension charges, with inurest thereon, frrmt date of payment at the munnum
<br />law rric.
<br />As plovildlial of the {Pond secured hereby, while this mortgage retrams to effect the mortgairse may hereafter advance additional sums to the
<br />its to mial Borld.1heir a sot succ eswrs in interest, which sums shall ire within the security of this multiple the sane as the funds originally
<br />secured thereby, the total amount of princtpaJ debt not ro ex xcd at any tune [tie o4wrial arrmunt of this mart
<br />a: f 14th day of May q. Ft . h's b5
<br />� t
<br />STATE (.W NPIPPUtSKA, a. (ht this 1.4 th play of May 11) 950 Wire me.
<br />CYM.tf+f1"Y fir HALL
<br />the muktsipired. a Notary Public in and tot sand County, potentially caw
<br />Tx olyn J. JRnstr(u, a slltglo per m, who F] (nasally known to
<br />rear lei be lava .oaf person *fits: name 13 athipd to tie• ah„sr nnainrxrm a4whwauro, still s1w severally
<br />amen the insiruatwnt to are 1wr voduntary Ad and'l l
<br />WUINt,,V.% my harts{ and Nolarhaf `feat tare elate afnreaid r
<br />My 0,
<br />AV it WAAV
<br />re JOAN of of"MasF%*L�
<br />
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