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<br />MORTGAGE 85-- 002814
<br />MORTGAGE LOAN NO. i, 94.37n
<br />KNOW ALL MEN BY THESE. PRIShNTS_ Ttnt Richard E. Weaver and Doris A. Weaver, each in his and
<br />' her own yr�ght_and as spouse of each other, Mortgagor, whether one or more, in oonweration of the stun of
<br />loaned #o said mortgagor by The Equitable Building and Lusn Association of Grand Island, Nebnaka, Mo — 'DOLLARS
<br />said ASSOCIATION, Certificate No. I. 24,370 , As hereby PW' upon 250 shares of stock of
<br />described real estate, situated in Hall County, Nebraska: Y grant, convey and mortgage unto the acid ASSOCIATION the following
<br />Lot Seven (7), in Block Thirteen (13) , in Schinmr's
<br />addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor cove
<br />window shades. blinds, storm windows, awnings, healing. air conditioning, and plumbing and water equipment and' wmdo�v�'
<br />refr�rators, and other fixtures and equipment now or 1►creafter attached to or used in connection witth id real estate. thereto, punpssloves,
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become WY taxes and n� levied or
<br />insurance upon the buildings on said premises situated in the sum of $ 25, 000.00 SSO delinquent; to furnish approved
<br />ASSOCIATION the policies for said insurance, and not to commit or permit any waste on or about said premises;
<br />and to direr to said
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby
<br />mortgagee all the rents, revenues and incxome to be derived from the mortgaged Y ssigrns, transfers and nets over to the
<br />unpaid; and the mortgagee sha {; ;gave the power to appoint an Caged premises during such time as the trwrtgage indebtedneu( rer:niii
<br />the same and collecting the rents, revenues and income, p� and it may pay onof it
<br />said in desire
<br />cotne all expensesof rah repair said premises and rent
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the ba�latiremaining, and neecasay
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at an time 'f a'y, to be
<br />default, irrespective of any temporary waiver of the same. Y tiring 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
<br />by
<br />payment; pay monthly to said ASS(X'IATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay a!1 taxes and assessments levied
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the against
<br />of$m� 0. this Mortgage
<br />to said ASSOCIATION; repay to said AS.S(X'IA`TION upon demand all money by it paid for such taxes, r 00 payable
<br />the maximum legal rate thereon from date of payment all of which Mort r hereby assessments and insurance with interest at
<br />!lam y agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for $25, 000.00 this day given by the said Mortgagor to said ASSOCIATION, sad eon y
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />Payments or be three months in arrears in making said monthly payments, or to keep and comply with the or three and conditions of y Bond;
<br />and Mot agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any chmW in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable. Budding and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount winainaw die Undcr said hand, and any other bond for any additicxtal advances trade there
<br />date of exercise of option, t interest at ilia maximum legal rate, and this mortgage may then be f under, al", from the
<br />bold, :ray oiler fo it' advances, together with all sums id b said The F uitabk B foreclosed to at the amount due on �d
<br />i tW for i . taxes and assessments, and abstracting extension charges, with interest thereon, ble Building ing �L an Association of Grand Island,
<br />rate.
<br />payment at the mattimtirti
<br />As Provided in the &md secured heretoy, while this mart remains in effect the retort may hereafter advar►ce addit'
<br />makers `"' , the" s or succe ors in interest, which sums shall be within the security of this rear � � w �
<br />secured
<br />thereby, the tot:t eta of principal debt rim to exceed at any time the of amount of this mortgage. the same as the funds originally
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