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<br />85-004061
<br />MORTGAGE ----- _— _- - - -_ --
<br />MORTGAGE; LOAN NO-
<br />KNOW ALL MEN BY THESE PRESENTS' That James L. James and Caroline James, each in his and her
<br />eDin right and as spouse of each other, Mortgagor, whether one, or more, in consideration of the sum of
<br />E1QTiteen ThSdn<3 and n01100-� -� - - -- _'---.---- -- ----- ----- --- ------ - DOLLARS
<br />- - - -- -- - -- — -- --
<br />loaned to mid morlprgor by The Equitable Building and Loan Association of ( ;rand island, Nebraska. Mortgagee, upon 180 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,396 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in flail County, Nebraska:
<br />All of the Southerly Sixty -four and seven tenths feet (S. 64.71)
<br />of Lots Three (3) and Four (4) , in Block T;,oelve (12) , in
<br />Arnold & Abbott's Addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thcreuntu telunging, including attached floor coverings, all window screens,
<br />wimkiw, shades, blinds, storm windows, awnings, heating, air conditioning, and plumhing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other flxlnteS and equipment now m hefealler attached to or used sal cunnectu>n with said real estate.
<br />And whereas the said mortgage( has agreed and dues hereby agree that the nxutgagor shall and will pay all taxes and assessments levied or
<br />assessed upfrn said premises and upon this mortgage and the head secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum sal S 1$1000 .00 payable to said ASS(1(•IATION and to deliver to said
<br />ASSMIATION the ptlhcies for said insurance, and not r, commit or permit any waste ,sat or about said prcmrses.
<br />In use of default in the perhnniancr of any sal the terms and conditions of this rrnntgage or the bond secured hereby, the mortgagee shall,
<br />on denund, be entitled to ura tedtate possession of the niontgaged premises and the mortgagor hereby Assigns, transfers and sets over to the
<br />nprigagee all the rents, revenues and income For be derived from the mortgaged premises during such torte as the mortgage indebtedness shall remain
<br />unpaid; and tote nxrtgagee shall have the pxowcr to apiscmid any agent tar agents it truly desire for the purpne of repairing said premises and renting
<br />the saute and atlkcting the rents, revenues and mcAmee, and it may pay out of said marine all expenses of repairing said premises and necessary
<br />commissions and expenses incurred to renting and nulnagutg the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward lie discharge of said mortgage Indebtedness, these lights nt the nterigagee may he exercised at any time during the existence of such
<br />default, irrespective of any temfxrary waiver of the voce.
<br />These Ptesenls, huowevsr, are upin the Condlbon, That of the sod Mortgagor shall repay said loan on or before the rnalurity of said shates by
<br />payment. pay monthly hi said ASSOCIATION of the sum specified in the Blind secured hereby as interest and principal on said loan,on or before
<br />the Twentethday M each and every nanth, until said loan is fully paid. pay all (axes and assessments leveed against said premises and on this Mortgage
<br />and the Bond secured thereby, before debnqucncy, burnish appitrved insurance upon lire buildings Ihefeon In the sum of S ..18, 000 .00 payable
<br />to said ASSOCIATION; repay to earl ASSWIATION 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 payoucnt all of which Mortgagor hereby agrees to pay,p einut nu waste on said premtsee;keep and comply
<br />with all tie agreements and c ndawus of the Ef<nld fur S l•$ 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requucnncnts of the Constitution and By laws oflsard ASSOCIATION; then these piescrds shall become null and void, otherwise they
<br />shall retrain in full force and rnay be foteckned at the option of the said AS4(X'IA'IION after fadwe for three months to make any of said
<br />payments sal he three months in arrears in making said monthly payments, tar to keep and comply with the agreeuents and conditions of aid Bond,
<br />and Morigagoi agrees to have A rotxivice appointed forthwith in such loreclo,suie prooxedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire renaming indebtedness hereby
<br />secured shall, at the option of The Fquitabk Building and Loan Association of Grand Island, Ncbraska,bnxmte immediately die and payable without
<br />further novice, and the amount remaining dims umlef sail bond. and any other bond tot any additional advances trade thereunder, shall, from the
<br />date of exciter of said option, bear Interest at cite maximum legal rate, and thus mortgage may then be foreclosed to mtisfy the amount due on swill
<br />bxud,artd any ocher trend for additional advances, together with all sums paid by said The Iquitabk Building and I.Ati n Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided fit the Bond secured hcteby, while tills umrtgage ienanis sat effect the mortgagee nay hereafter advance Additinal sums to the
<br />mare's of said (Armd, their aasips tar surccsams m interest, wheh Burn, shall be within the secunly of thtx mortgage tle samc as the fundso6ofmally
<br />sectited thereby, the total amount fit principal debt not to exceed at any ante the ungmal anurunt tai this [n rtgage
<br />inked this 2 day if August A. D_ 19 e'5
<br />STAT1• Of NNBRASKA, is tin tilts 22nd day of August. 19 e'`5 ,before me.
<br />C(NJNTY OE IIALI,
<br />the undersegne,l, a Notary 1'ubhc m and fur rid County, personally unie
<br />Jams L. Janes aftei Catulin:+ Ja ufi, (`doh in lots a(ie1 lx ?l' k.Wll riylit U010,ai'0S s(.uu�rsuisitly�'[h�Dnni
<br />r ell r-,
<br />me ao he the nknlical foram ti whroic nartor. i; [trE' alOsed 11, the above nesrtirtrciil as. IiAW agoi and t_t)t..y,• scvcfalty
<br />.,A nfr,rkdRard row salt imst,owwall to Ix tllr' -`t t. v,fhmtas) act and decd
<br />WITNoI'S my hared and N.,tanal Seal lie ,talc At ... rsanl
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<br />JOY M. OKAZM Yswais l'rtb,ti;
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