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$5. 00261&
<br />MORTGAGE
<br />MORTGAGE LOAN NO. T. 94 r R
<br />XNOW ALL MEN BY THESE PRESENTS: That Gordon D. Francis, M. D. and Harriette S. Francis, each
<br />in his and her own right and as spouse of each other, Mortgagor, whether one or more, in mosidaatian of the ams of
<br />Forty ayen Thousand Dp Hundred Fifty and no /100-- -- ---- - - ----- ---- --mUARS
<br />loaded to said mortgagor by The Equitabk Budding and Loan Association of Grand Island, Nebraska. Mortgages, upon 473 shwa of stock of
<br />card ASSOCIATION, Certificate No. L 24, 368 do hereby grant, convey and naortgaga unto the said ASSOCIATION the fobowlog
<br />described real estate, situated in Hall County. Nebraska:
<br />The Northerly Sixty -Eight (68) Feet of Lot Five (5), in Block
<br />Nineteen (19), in H. G. Clark's Addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto bckingarg, including attached floor con.4ialpt, as window staeans,
<br />window shades, bGods, storm windows, awnings, leatuig, air conditioning, and phumhhingand water equipment and accessories there to.pomps,AOVea,
<br />refrigerators, and other fixtures and equiprmnt 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 t aeanaitarts le vied or
<br />aaesscd upon sad premises and upon this rnoragage and the bond secured thereby before the acme shall become delinquent; to fmroals approved
<br />assurance Win the buildings on said premises situated in the sum of $ 47 , 250.00 payable to aid ASSOCIATION and to deliver to aid
<br />ASSOCIATION the policies for said insurance; and taut to commit of permit any waste on or about said premises;
<br />In cue of default in the performance of any of the terms and Conditions of this mortgage or the bond seared hereby, the mortgagee dn9,
<br />on demand. be entitled to imssicelatc possession of the mortgaged premises and the mortgagor hereby assigns, tramsfen and sets over to the
<br />mortgagee an the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage iodabtednew shall remain
<br />and the mortgagee shall have the power to app.int any aped or agents it may desire for the purpose of repaKg said pea— and renting
<br />the same and collects the rents, revenues and inaxte, and it may pay out of said incorne all expenses of repairing sod pritsmon and maceaary
<br />OW expenses incurred in renting and managing the saute and of collecting rentals therefrom; the balsas remaining, if any, to be
<br />applied lowed the discharge of said mortgage indchtedness. these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, mrespea ve of any temporary waiver of the same.
<br />These Presents. however, arc upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of aid toss by
<br />paymens. pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and pfmcq l on said lam, on or before
<br />the Twentieth day of each and every month, until said lean is fully paid; pay all taxes and assessments levied against said pie adss and an this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurarux upon the buildings thereon in the stmh of S47 1250. UO payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon denterud all money by it paid for such taxes, asseanaent& sad kswanos with a
<br />the legal rate thereon from date of payment all of which Morrgapr hereby gees to pay permit no waste on aid prentias keep and comply
<br />with all the is and conditions of the fond for $ 47 250.00 this day given by the aid Mortgagor to aid ASSOCIATION, and comply
<br />wish all the requa on ements of the Constitution and By•t.aws of said ASSOCIATION; then these presents dull become huff and void. otherwise they
<br />remain in full fotee and nay be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of ausl
<br />payments or be three narhrhs in arrears in nuking said monthly payments, or to keep and comply with the agreements and condition of aid Bond:
<br />and Mortgagor &gates to have a receiver appointed forthwith in such foreclosure proceedings.
<br />sectsmal If there is any change to ownership of the real estate "Kwtgagod herein, by ask or othenrse, than the entire y
<br />doll, at the option of The Equitable Building and loan Association of Grand Nand. Nebraaks. bemuse ' immediately due and payable without
<br />further minis. and the amount resuming due under said bond, and any other bond for any additional advances made thereunder. disc from the
<br />due of exercise of said option, best, interest at the maximum legal rate, and this mortgage nay them be foreclosed to aaafy the amwiM sae an aid
<br />bood,and any other hard for additional advances, together with all vim paid by said The Equitable Budding and Loan Aaaeiatim of Gns d ldasd.
<br />fir mmmm, taxes and MPSNmnts. ail abstracting extensions charges, with into" thiraon, from dale of payment at the maximoves
<br />lagal had.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagae nay hereafter advance additional intan to the
<br />maters sod Bond, them assigns or succcamrs in interest, which Burns shall be within the security of this mortgage t he same as the funds or
<br />seciamed
<br />Ihatelty, the total amount of principal debt not to exceed at any time the original amount of this mong .
<br />DHed this
<br />31st day of May A. n., !t) 85
<br />HULK LUT.TM -J
<br />r �
<br />f
<br />STATI OF NFMA.SKA, ss. On this 31st day of MAY 85 ,before me,
<br />C. ON+ HALL Y
<br />the undersigned. a Notary PuNg in and for aW County, peramaily ens
<br />Gordon D. Framis, M.D., allxii Harriettt.! S. Francis, each in lus allu iJ,r con: ri
<br />tt 01' eadl othc =r, wlid '. to
<br />rise to he the load permzn a whirs,+ name S art ahlixed to the above instrument as nortgrgo ., and t1x?y nevera!!Y
<br />the said vistrwnrot r„ he tlwJ r aofuntary art and dared.
<br />wITNi's,+i my htareal acrd Notarial `is^.ai fns efatr atirrrsafd
<br />MyCaruurw n.r�prres l / �
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<br />s o f vas at
<br />;oft Mat Notary prrlslfc
<br />lI* ON, 3Q.1�
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