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0057TH
<br />MORTGAGE Sep 1. 20, 546
<br />w — MORTGAGE LOAN NO..--L- 24.,4 25
<br />KNOW ALL MEN BY THkSE PRESENTS: That Donald W. Cornelius and Joyce I. Cornelius, each in his
<br />and her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty Thotisand and m /l0Q _ —_ —_- - -_ —_ — DOTS ARS
<br />k=W to sad mwWppx by The Eclum ble Budding and Loan Association of Grand Island, Nebraska, Mortppe, upon 300 shses of stock of
<br />said ASSOCIATION, Certifxate No-[, 24r425 do hereby grant, coney and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lots Twelve (12) and Thirteen (13) of Geer Subdivision or Lots Six (6),
<br />Seven (7) and Eight (8) of Garrett's Subdivision or part of the East Half
<br />(E�) of Section Nine (9) , in Township Eleven (11) North, Range Nine (9)
<br />West of the Sixth (6th) P.M., Hall County, Nebraska, except for the South
<br />Sixty (60) feet of the North Four Hundred Twenty Six and Eight (426.8) feet
<br />of Lots Twelve (12) and Thirteen (13) in Geer Subdivision conveyed to the
<br />City of Grand Island for Street purposes as s'howm at Book 139 of Deeds at
<br />Page 394 of the records of the Register of Deeds of Hall County, Nebraska
<br />ana except for the South Twenty Five (25) feet of said Lots Twelve (12) and
<br />Thirteen (13) also previously conveyed to the city of Grand Island. n�
<br />logethri with all the tenements, hereditamems and appurtenances thereunto belonging, including attached floor coverings, all window scroens,
<br />window shades, blinds, storm windows, awnings. heating, an wriditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connectom. with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagur hall and will pay all taxes and assessments levied or
<br />aamesed up vin said premises and upon this mortgage and the bond secured thereby before the same shall becomr: delinquent; to furnish approved
<br />mswancc upon the bwklitsgs on said premises situated in the sum of S 30 000 .00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said 'nsuranicr: and not to commit or permit anv waste on or about said premises;
<br />In case of default in the performancr of any of the terms and conditions of this mringage or the bond secured hereby, the mortgagee shall,
<br />an demand. be entitled to immediate posessi n of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mwtppc all the rents, revenues and income to be derived Gum the mortprtged premises during such time as the mortgage indebtedness shall n slain
<br />unpod. and the mrMgagee shall have the power ro appoint any agent or agents it may desire for the purpose of repairing said premises antl rentfrig
<br />Elie tails and cusilecting tin rents, icvcnues and income• and it may pay out of said income all expenses of repairing said premises and necessary
<br />amunmxons and expenses incurred in renting and managing the same anti of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied Toward the discharge of said nilwgrge indebtedness, these rights of iii morigaPce may be exercised at any time during the existence of such
<br />delaWlt, urespectrve of any temporary waiver of the same.
<br />Three Presents• toowevci. are upon the C.ondition,11hat it the said Mortgagor shall repay said loan on or before the rmlwity of stud shares by
<br />paymrnl; pay monthly to said ASSOCIATION of if), sum specified in the fhind secured hereby as interest and principal on said loan, on or before
<br />the Twenrteth day of cacti and every ninth, until said loan is fully paid; pay all taxes and assessirrems levied against said premises and on this Mortpgc
<br />and the Bornd secured thereby, hefure dehriqucncy, f umish approved insurance upon the buildings thereon in the sum of S 30, 000.00 payable
<br />to said AS&WlATION, relay to sad ASSOCIATION uplift demand all money by it pad for such taxes, asesmients and intwnanee with mterem at
<br />the maximum legal rate thereon from dale of payment all of which Monyagtt hereby agrees to pay ;permit run wasteon said p remues;keep and comply
<br />with all the apeemcrns and tnditins of the Bond for S 30 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with d1 the requirements ol'thcConstntutxm and By•lawsof sad ASS(X'IATION, then these presents shall become null and word, otherwise they
<br />shall remain in full force and may he foreclosed at tin option of the said ASSOCIATION alter failure for three months to make any of said
<br />ptymettts or he three numths in arrears in utaking sad monthly payments, or to keep and comply with the agreements and conditions of said Bond,
<br />and Mortgagor gees to have a necervcr appointed forthwith in sisch foreclosure prtitnedings.
<br />If there is any chaw. in ownership of the real estate rtwrtgagod herein, by sale w otherwise, then the entire remaining indebtedness hereby
<br />mewed shall, at the option of The f gwtabic Building and Loan Associamin of Grand Island, Nebraska. become immediately due and payable without
<br />further notice, and the amount remammg due under said bond, and any other bond for any additional advances made thereunder, d". from the
<br />date of cxacew of said option, hem interest at the maximum kgtl rate, and this mortgatic may then be funeckmd to satisfy the arooumt due on said
<br />bund,and any other humd for additional advances• together with all sums pad by said The Equitable Budding and Loan Association of Grand Island,
<br />Nebraska for insurance. taxes and amrstiments, and abstracting extension charges, with interest thernm• from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond sec:uied hereby, while this inortgage 'certain% to effect the morippe may hereafter advance additional sutra to the
<br />mixers of yard Band. their anagns of srtccessois in uuntst, which sums shall he within fire security of this mortgage the nine as the fundsoriptraNy
<br />sewed thereby• the total rumpling of principal dcht not to eared at any torte the original amount of this montage.
<br />//``,,y1 Osted this jj day (ifC Noveipber A f) . 1'n 85
<br />Z_Lla �,W. 11 l38 �.H
<br />STATE M NkWAASKA. s Oil This 13th day of :iCNt4t1dx_r I'tI>5 Write me,
<br />COUNTY Oh HAL1
<br />the undersigned, a Notary Public n' and for tad County, pettanally tame+
<br />Donald W. Ccirne'llub arse: J140e I. ccxrtellus, each in l'us ants tier cxwn rlyht alai err; timx1(.ist1
<br />who art, person y lriuwn to
<br />of each utter,
<br />tit to fp, the i,len :cap prtvun g whose nano' S imr•i= alfr."d s„ 9h,• atu,yr uixt :u'tr +9i �i ni nrgag,n ; and t.31t' }' Wirerafly
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