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5-s 003807
<br />MORTGAGE _
<br />- -- �_ - - - - -- - -— MORTGAGE LOAN NO. _�_24., 1$9
<br />KNOW ALL MEN BY THESE PRF.SFNTS That John A. Aspen and J cyyce K. Aspen, each in his and her
<br />cwn right and as spaise of each Other, Mortgagor, whether one or more, in consideration of the sum of
<br />Thi rt V Cavan Thrarcar-id Thrace !InncirP_d Fi £ty rAnrj no/ 1 , LIARS
<br />loaned to said mortgagor by The Equitable Building and Loan .Association of Crand Island. Nebraska, Morigagee, upon 374 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,389 , do hereby grant, convey and mortgage into the said ASSOCIATION the foUowing
<br />described real estate, situated in Hall County. Nehraskti
<br />Lot Twenty -nine (29) , in Block One :11) , in lyicrris
<br />Adcliticn, an additior. to the City �-i Grand Island, Hai 1 County, ?uebraska.
<br />tofirther with all the tenements, hereditaments and appurtenances thereunto; belonging, Including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, hearing. at! conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrificrators, 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 aerec !har the mortgagor shall and will pay all taxes and assessttxnts levied or
<br />assessed upon said premises and upon this mortgage and the hoed secured thereh. ne?cre the same shall become delinquent: to fumish approved -
<br />insurance upon the buildings on said premises situated in The sum of S 37,350.00 payable it) said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance: and not to COMMIT or permit anv 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 mortgagee shall,
<br />on demand. he entitled to immediate possession of The mortgaged premises and the mortgagor hereby assigns, trarders and sets over to the
<br />mortgagee all the rents. revenues and income to he derived from the mortgaged premises during such time as the mortgage indebtedness shall remam
<br />unpaid: and the mortgagee shall have the p owes to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income. and it may pay out it said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same tind of collecting rentals therefrom: the balance remaining, if any, to be
<br />applied toward the discharge Of said mortgage indebtedness. these rights of , tie mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same
<br />These Presents, however, are upon the Condition, That of the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payreni: pay monthly to said ASSOCI.ATION of :he 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 manth, until said loan is fully paid: pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delnquencv: furnish approved insurance upon the buildings thereon in the sum of S 37, 350 .00 payable
<br />to said ASSOCIATION. repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay: permit mr waste on said premises:keep and comply
<br />with all the agreements and conditions of the Bond for S 37 ,350.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<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 to full force and may be foreclosed at [tie option cif 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 agreements and conditions of said Bond:
<br />and Mortgagor agrees to have a ree:erver appointed forthwith in such foreclosure proceedings.
<br />If there is any change 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 Building and Loan Association of Grand island, Nebraska, become immediately der and payable without
<br />further notice, and the arrunnt remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount dux on said
<br />bond,and any otter bond for additional advances, together with all sums paid by said The F.quitxble Building and Loan Association of Grand Island,
<br />Nebraska fat insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while ','its mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns at successors in interest, which sums shall be within the security of this mortgage the same as the funds origirallv
<br />secured thereby, the total anount Of principal debt not ro exceed at any tame the original amount of this mortgage -
<br />-1-ftted this Sth day of Auqust A o . l t 85
<br />S7ATI :Of- NEBRASKA. ss. Uri this 3th day of .4ucust 10 05 . before rne,
<br />C.iTt!N'I"Y OF HALI
<br />a1,c Uoufartugned, a Notary PUNK in arid =or said I o.unn�, perwtnallys:am e
<br />Jean Ice. Aspen Wei Joyce, K. each i.ri his :uid her C7a7t right tux. 45 tx'u5Q S ti�rt�
<br />a -lit r persona y nUwn To
<br />ot.iter , j
<br />sate to be the etlentic:al {er>ani 5 wt. n..ee.���!�a�,,nce��'� afl;><ed to the ahoy msn mrxr -! a� anon gager and TJ]ty :overalls
<br />a<;knxrwkclgrd itr sa- - ,t yl�yiva.r ary act :anJ died .� ,
<br />Puhh,
<br />ae.;KS" as
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