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In
<br />85-- 0058313
<br />MORTGAGE
<br />MORTGAGE LOAN NO. _ L 240,499
<br />KNOW ALL MEN By T1IFSE PRESENTS: That Darlo R. Beaz ley and Patricia J. Beaz ley, each in his and
<br />her Cwn right and as spo a of each other, , 1Wo _Z Mortgagor whether one or more, in consideration of the sum of
<br />te-aty Thousand an no�100 - - -- - - -- _- - -- _ ----------- -- -'noL LABS
<br />lusned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 220 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24, 429 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Seventeen (17) , Block One (1) , Rnickrehm Fourth
<br />Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />foplhef with all the tenements, hereditarnents and appurtenances thereunto belonging, including attached floor coverings, all window screens, _
<br />window shades, blinds, storm windows, awnings, heating, au conditioning, and plumbing and water equipment and accessories thereto, purttpa,stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or rased in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby vefO1e the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the stmt of S 22 ,000.00 Payahk to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance: and not to commit or permit any waste on or about said premises;
<br />In caw Of default in the petliumance of any of the terms and conditions of itus mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, he emitted sir immediate possession of the mortgaged premises and tilt .mirtgagur hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and incornc to be derived from the mortgaged premises during such tithe as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have Cite power to appoint any agent or agents it may desire for the purpose of repairing said premises and tenting
<br />m s
<br />the sane and collecting the rents, revenues and income, and it ay pay out of said mcortx all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the halande remaining, if any, to be ,
<br />applied toward the discharge of said rrxMgage indebtedness; these rights of lite morigago: may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same,3_,n
<br />These Presents, however, arc upon the Condition, That if the said Mortgagor sfnll repay said loan on or lefore the maturity of said shares by
<br />payment; pay monthly u, said ASSOCIATION of the surn specified in the Bond secured hereby as interest and principal on said loan,on or before
<br />the 1'wemieth day of each and every nh0nth, until said loan is fully paid; pay all taxes and assessvxnis levied against said premises and on this Mortgage
<br />and the Bond secured thereby, bcliore delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 22,000.00 payable
<br />t? said ASSOCIATION: repay to said ASSOCIATION upon demand all uaoney by it paid for such taxes, assessinents and insurance with mtefest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees m pay; permit no waste on said premises ;keep and comply
<br />with all the agreements and conditions of the Blind for S 22 ,000 .00 this day given by the mid Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of lite Constitution and By-laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full fora: and may be. foreclosed at the option of the said ASSWIA1ION after failure Ibr three months to make any of said
<br />payments of be three months In ancars Im making said monthly payments, or to keep and comply with the agreements and conditions of said Mond;
<br />and Mortgagor agrees to have it receiver appointed forthwith an such foreclosure pro:eedings.
<br />If there is any change in ownership of the real estate nuntgaged herein, by sale or otherwise, then the entire remain" indebtedness hereby
<br />secured shall, at the nptkm of The Equitable Building and 1.0811 Association of O:rand island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said band, and any Other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, heat interest at the maximum legal rate, and this mortgage nay then be foreclosed to satisfy the amount due on said
<br />boad,a x! any other bond for additional advances, together with all sum paid by said The Equitable Building and Lean Association off. Island,
<br />Nebfwilia for insurance, faxes and assessments, and abstracting extension charges, comb unterexl thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Band secured hereby, while this mortgage renains tin effect the rlprrtgngr.•e may hereafter advance additional sums to the
<br />matters of said Bond, their assigns nr success r% in interest, which sums shall he wrthm the security of this mortgage the sane as the funds originally
<br />secured thereby, the total ananint of principal debt nut to exceed at any [title the original arremnt of this mortgage.
<br />red this 19th ay cif NovemLer
<br />f5 X !
<br />STATP.OF NEBRASKA, / On this 19C }7
<br />H y day of Ncmnlbn- 11)
<br />, satre mc, 1(:NCy Oh h1ALl
<br />the undeturtned, a Notary Pnhbc it, and tot said t'oumv. Pct■mally came
<br />Dar 10 K. 131ea'L krf 11 K Patr:cia J. Lici1'l, ley, uach in Ius and Ivr uMl i� yllt ,Ind
<br />uttur, wee - J[ e rui v txrw o
<br />rile tit he the ide-wical twrum f5 whose' nautr g ;11(, affixed Io the above nitttunwill as moll
<br />KaKo' :; and t_IA}' severally
<br />act +x +wkdttrd the said msUmrarnm to lN• L:ha'lt: voluntary art and deed
<br />wl INI SS nit hand will Nollorial Seat the daie al, njry id
<br />Mi1.1m111fkhq�ll
<br />iw lw rwi let tli�ttltt 11tA1t�11aN lira aaMnar1 Vahan Pnhbr
<br />JOAf1NL Ill. ROUSH f
<br />rf 101111111111, Efy Wit. 26, 191!
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