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<br />006545
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<br />MORTGAGE
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<br />MORTGAGE LOAN NO. L 74, 7ClC> AML
<br />KNOW ALL MEN BY ntF.SE PRESENTS: That Gaylord R. Madison and Sandra F. Madison, each in his
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<br />and her own right and as spouse of each other, MortpeuI,wtledl8r08lor_.iB u .. ..-of...__
<br />'!Wlant-y FonT 'T'hno,..;onr! F;~ HundrAd and lIo/100~ DOliI.AU
<br />Ioucd 10 IIlid IIIOftNOr by The Equitable IIuiIdiIIa and loan Asmc:iatilm of Grand ...... Nolmub,~,.... 245, .....~...of
<br />IIilI ASSOCIATION, Certif'IQI. No. l 24,295 ,do hereby paul, COIml}' and mortpp _....... ASSOCIATKIN"'fiIIIIIIlIiIIJ
<br />dcscritlcd real estate, sillJated in Hall Co""Iy. Nebraska:
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<br />Lot Twenty Nine (29) in Castle Estates Subdivision,
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<br />Hall CoW1ty, Nebraska.
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<br />I.,.me. wilh all the r_b. hemlilamcn15 and appu1lenana:s thereunto bdonsinI, indudiD& .nacW floor --. ......... -.
<br />window shades. blinlls. storm windmn, awniflp, hClltin3. ail colllhtiooing, and plumbing and walCl' c:quipmmC IIIId __ ......................
<br />refripmlton, and olher r "'I""'" and eqwpmenl now or hereafter altached 10 or used in connection with ... real estate.
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<br />And whereas the IIlid rnurtpeol 11M ageed and docs hereby agree lhal the rnorlpf;Or shall and wilt pay aD w..... ..AI """ar
<br />lIIICSDd upon said pn:miaes and upon IIHs mortlllF and the bond sc.cured !hereby before lhe _ shall become ~; to ..............
<br />iI1Iurua upon lhe builclJnss on aid pmms:s situated in the sum of s 24,500.00 payablc to .... ASSOCIA11ON ... 10 ... to ....
<br />ASSOClA nON the poIicios fOf said inswJmoe: and nnt, 10 commit or pcrtnlt any waste on or about laid prcmiIIs;
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<br />In ClIllC 01 default 10 lhe pc1formancc 01 any of the lenm and condition. of (his rnorq;aac Of the bond -.d henby. ... -........
<br />on demand. be entilled 10 immediale p<JSOCSIIi<m of the IlJOrttllIFd "",miocs .nd lhe rnurtpeol hereby lIlIIIipa, tramfen lIIlll acta _to ...
<br />mortl!llCC all rhe rent.. rCYeflllCS and income ro he deriwd from the mort~ prcmilica durin3 such limo II the IlIOftIIII iBdeIMl t .<1..........
<br />unpaid; and the mort~ shall ha.., the power 10 appoinl any "l!Cnl or a!\Cnts il may de1ire for the pucpoIC of repairiIIa .... ............ ......
<br />lhe same .nd colleeu~ the renl., r''''''lICS.nd income, and il may ray oul of said income all e~ of repairina .... pNIIIiIn ... ~
<br />comt11iosK"'s and expel1llCli Incurred in r.nhllll and ~ the same.nd of colIcc:lin3 rentals themrom; lhe bUInce ~ if lIlY, to"
<br />appIcd loward lhe di1eharll" of said mortg.iIfIC mdcbtedncu: lhe.. ri!!hu of the morlp(!ce may be eXCl'Ciaed at lIlY ... d...... ~ ul__
<br />dcf&u1l. irrespedM of any lempmary W3/lln of "'" S3mC.
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<br />These I'rnenrs, howeYl", are upon lhe Condition, Tbal If lhe said Mortpgor shall repey ... kMn Oft or before die -.my of .......by
<br />payment; pay monthly to said .....iSOCIATION of.he mm speciflCd in lhe 80nd secum1 hereby u inlemillRd prittc:ipll0II.... "-,08or......
<br />the Twentieth day of eacIt and e""ry month. unhl suclloan IS fully paid; pay alll.ucs and _II lnie4apiml IIid pNIIIiIn ...011............
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<br />and lhe Bond """,red thereby. befo", delinquency: rum,"" approwd iDsurance upon lhe buildinp thermm in the _ of s 24, 500 . 00 ,.,...
<br />to ...id ....'>-'iOCIA nON; repay .0 Slid ASS<JCIA nON upon demand all money by it paid lOr wch taxes. _. _ u..- with...... at
<br />the maxImum legal rate thereon from dale of ",,~'menl all of whICh Morlpeol hereby apccs 10 pey; perm" no wucc 011'" prcmiIIs;bep IlIlICllIIIIIIIr
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<br />WIIh all the agreemenr. and COlldtti<>n.of rhe Bond for S 24( 500 .00 Ilti. day Ili""n by the said Mortpsor 10 said ASSOCIATION,... CllIIIIIIIr
<br />WIth .Ulhe r"'lulJemcnt. of the Cuostlt uU"" .nd By.L..ws 0 Laid ASSOCIATION; lhen IheJe preICIlb shall bocomc nulllRd wid, ot!IIrwiII ...,
<br />shall remain m full I"".. .nd "'''y be fmed"",d .r lhe OptlOfl of lhe Hid ....'>SOCIA nON .fler failwe for three lllOIltha 10 IIIIkc lIlY of ....
<br />paymenb or be Ihr<< munltlS III .rr..... Ul makl~ ..Id monthly payments, or to keep .nd comply with the agreemenb and COIIditiolIs of ....Iand;
<br />4tOO Morlptor agrees CO Mvt' a reU::ilver appointed furthWlth Ifi such foreckMIJle proc;ecdiogs.
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<br />If the", is any c~ Ul ._ncrshlp of !be real est.", ",m1pf!ed he",in. by sole or ot!le......., lMe the enlin: ~ in 'IUt dM. henby
<br />lIflaIl'ed sha.ll, at the ophon of The EqulIable Building and Loan ADocialion of Gland 1.....Nebruka.bocomc immediately due _...,.. witIIouc
<br />f""her nolocc, and rhe ._1 rcmallltrlf\ due under said bond, and any other bond for lUIy atlditionallllhulln lRlIde thcrcunda. *II. r- liIe
<br />date of e>;,fctOC of said opti<>n. bear mle,C>l .1 rhe maxlIn..m Iep.I race. and this mortll"l!C Ill'y lhen he fonodotoMllo IatiIIfy tho ~ .. 08 ....
<br />bond, and allY uther hood I... odd,lilmal ad"""""", 1"Il"lber ...,th all sumo pa>d by sucI The Equitable lSuiIdins and l..oan AaociatioR of Grand I.....,
<br />NdlralIb for .......lrflf.',C, r:u.. .nd _1I1'..nd .oorllClt~ cxt.1lSI()f1 c!tar/WS. with intc~ lhereon, from date of paymMlt at "'" IlIUimwR
<br />Iep.I r.I.,
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<br />"S "m'11ded ,n [be (1,,00 ,""cured hereby. willie I h.. Illtlflll"l!C rcmaill' melTed lhe mUftP8"C may hereaftef ad_ odd.ilional _ to the
<br />IllIIkcn ui ...'" Oond. I hell 4""l!J" 0' "ICU"""" '" mlCrcst, wllleh '""" shall he w,lh'lI the ""cwily of Ihis mortll"llC lhe san", IS"'" fundaorit\iftCllly
<br />~ . he..",.... Ihe lolal 'm<lI,"l ..f "...nupal debl nu.'" exceed at any It",. rhe OlI,!\lnal am<>unl of rills mortg"l!C.
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<br />~ llal.J<l till. 14 th "In .., December ,\ fl. I'J 84
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<br />STAn III "'!:IIRA";"',/ "
<br />nlllNTY 0" ",,1.1 \
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<br />(In 11'1~
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<br />14th
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<br />day of
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<br />Deccmbe r
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<br />I Q 84, be......., me,
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<br />!he 'JI1tleJ~I!f'4J. a Nutll" Iluhhi.' H1 and I'm yid ('Hunty. penunaUyc&me
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<br />Gay iOl'O R. Madl.IiOll dr~ Simdz'd F. ,'1aU.umn, ,'dell 111 hl:!;; ilIlCl IIL~r uwn n~ht .UKJ .:115 ~~)~ ot Cdell
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<br />nw fr~ I'w Ihr <'4k<I1iIu.:..a1 ~r'lufl S whny lIanl<C' [j. <.J.rL~ _.d~l'Il('lt ,,, Ihe ~htl\ii-' llulfqmt'."q :0. Ill(llfM.itr,nt ~ ~mj they 'd"'\T.fl\th'
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