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5..,ai 006283
<br />MORTGAGE
<br />MORTGAGE LOAN NO. _ L 24,441
<br />KNOW ALL MEN BY THESE. PRESENTS: That Theo H. Anderson and Karen K. Anderson, each in his and her
<br />cwn right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />TUrnnty Thrna�rid and nn /.� 1 no-- _ —____- °°- -� - - -- --- DOLLARS
<br />barred to said niortgagnr by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 200 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24, 441 , do hereby grant, convey and mortgage unto the. said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lots Four (4) and Five (5) , in Block Ten (10) ,
<br />in Clarkson's First Addition to Alda, Hall County,
<br />Nebraska.
<br />together with all the tenements• hereditamems and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, healing, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigierator$, 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 agree that the mottgagor shall and will pay all taxes and asessttnents levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 20, 000.00 payable to said ASSOCIATION and to deliver to sad
<br />ASSOCIATION the policies for said insurance: and not to commit or permit any 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 mortgtrgee shad,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the nwripged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the nuirtgagge shall have the power to appoint any agent or agents it may desire for the purpose of repaving aid premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repaving said premises and neaemty
<br />cor misswns and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness, these rights of the mortgagee may be exercised at any time during the existence of such
<br />defaull, irrespective cif any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shaii repay said loan on or before the rratuoty of said sham by
<br />payment: pay monthly to said ASSOCIATION of the sum specified in the Rond secured hereby as interest and principal on said loan, on of before
<br />the Twentieth day of each and every month, 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 delinquency. furnish approved insurance upon the buildings thereon in the sum of S 20, 000.00 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 lepl tale thereon from date of payment all of which Mortgagor hereby agrees to pay: permit no waste on said premises;keep and comply
<br />with all the agreements and conditions of the Bond for S20, 000.00 this day given by the rid Mortgagor to said ASSOCIATION, and comply
<br />with all the rcquvcments 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 toe foreclosed at the option of file said ASSOCIATION after failure for three months to crake any of said
<br />payments in be Three months in ancars in snaking said monthly payments, or to keep and comply with the agreements and conditions of aid Bond;
<br />wind Mortpptrr agrees Io have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate Mortgaged herein, by safe 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 die and payable without
<br />further notice, and the amount temaintng 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 mniripw may then he foreclosed to satisfy the amount due on said
<br />bard,and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebmita for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at flit maximum
<br />kgal ran.
<br />As provided in the Bond secured hereby, while this mortgage renrams its effect the mortgagee may hereafter advance additional sutra to the
<br />taken of aid Bo d, their amagus or succesxirs in interest, which suns shall be. within tine security of this mortgage the same as the funds origfrally
<br />secured thereby, the iotal amounuttL b of principal de ttfo\t to exceed at any [line the anginal amount of this mortgage.
<br />Dated This %"ice day of , . nt , A D., Iv j
<br />t. � - C lye, i..,.o..�r•z _ — - -
<br />-- T
<br />t 1
<br />n rt. Pnaerson
<br />STATE OIr NEBRASKA, 1
<br />ss. On this day of .�. `;.Y ,'.v.._ �'>wv" It) 65 , before rttc,
<br />(THINTY OF IfALt.
<br />the nudersgned, a Notary Public in and loot sod County, personally came
<br />Theo H. Atxlerson anu Karen K. Arxierson, each in his and her own riMht and as sitz��ju #c of Bach
<br />other, are PC . na y kmnvn o
<br />me to he the identical permit s whose name rirC anise,! tr, the above unsrunmnl as nnoftgagor S and d1uy severally
<br />acknowledged Ilse avid mvitinwnl to be t t.ls nluas nv .rot and decd
<br />WfI'NFti"i illy h o.t,Y(i{t Slai({�Ii Hall.ai,rrrsard
<br />y.tgil. ., rnrd!
<br />Is Ja aM NI %..� •
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