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<br />83--x)U065'~
<br />MORTGAGE See L 21.441
<br />MORTGAGE LOAN NO. L 24, 075.,_
<br />K}VOWALLMENBYTtIFSEPRESENTS That James R. Caldwell and Barbara L. Caldwell, each in his
<br />and her aan right and as spouse of each other, Mortgagor, whether one or more, in consideration of the strm of
<br />Fi~ 'Trhnircartr3 EiiUP_-11[~CU3Tpt'i. anr3 rn/160---_-_~_-----------------_-__~«~-----170LLAR5
<br />loaned to said mortgagor by The Equitable Building artd taan Associatbn of Grand Island, Nebraska, Mortgagee, upon $5 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24, 075 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described teat estate, situated in Hall County, Nebraska:
<br />The Westerly Sixty-Two (W62') of the Easterly
<br />Sixty-Six Feet (66') of Lot Six (6), Block One
<br />(1}, in Westerhoff's First Subdivision in the
<br />City of Grand Island, Hall Cotanty, Nebraska.
<br />together with at1 the tenemenu, hereaitamenis and appurtenances thereunto belonging, mcludvrg attached floor covervtgs, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other factures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas [he said mortgagor has agreed and does hereby agree that [he mortgagor shall and wilt oay all taxes and assessments levied or
<br />assessed upon said premius and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />instuance upon the buildings on said premises situated in the sum of 3 $, 500.00 payable to said ASSOCIATION and to deliver to said
<br />ASSQCIATION the polities for said insurance; and oat ra commit or permit any waste on or about said premises;
<br />In case of de€ault in the pertortnance of any of the terms and wndi[ians of This amrtgage ar the bond secured hereby, the mortgagee shall,
<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 [he rents, revenues and incoare to be derived fiem the mortgpged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and !}te marlgagce shall have the power to appoint any agen! of agents it may delve far the purpose of repairing said premves and renting
<br />the setae and collecting the reins, revenues and income, and it may pay out of said income ail expenses of repaving said premises and necessary
<br />camndssioas and expenses incmted in renting and managing the same and a! collecting ren4als therefrom; the balance remaining, if any, ro be
<br />applied towazd the disdtarge of mid mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, vrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the l'ondition, Thai if the slid Mortgagar shall repay raid loan on or before the maturity of said shares by
<br />payment; Fray monthly to said ASSOCIA770N of the sum specified in !ire Bond sccmed hereby as interest and principal on said loan, on or before
<br />the Twentkth day of each and esxry month, untd said ban 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 insmarrce open the buildings thereon ¢t the sum of S $, 500.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demarut all money by it paid fur such taxes, assessnents and insurance with interest at
<br />the rruxirnum legal rate therean tram date of payrcent alt of which Mortgagor hereby agras to pay; permit no waste on said premises;keep and comply
<br />with all the agreements and conditions of the Bond for 3 $, 500.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By-laws of said ASSOCIATION; then these presents shall became null and void, otherwise they
<br />shall remain in full farce and may be foreclosed at the option u[ the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three matths in aneazs m making said monthly payments, or to keep and comply with the agreements and conditions at said Band;
<br />and Mortgagor agrees to have a roceirer apFwinted forthwith in such fareclosurc proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale ar otherwise, then the entire remaining indebtedness hereby
<br />secured shag, a[ the option of The Equitable Building and Loan Assuciatian of Grand Island, Nebraska, become imrnediatety due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shag, from the
<br />date of exercise of said option, bear interest at itte srtaximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond,and any ether bond for additional advances, together with ail surrav paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstncxing extensicrn charges, with interest thereon, from date of payment at the maximum
<br />kgai rate.
<br />As provided in the Bond secured hereby, while tftis ~ctgage remains in etTect the mortgagce rosy hereaf[ez advance additional stuns to the
<br />rttgkers of said Bond, fheu assigns or successors in interest, whic3t sums shag be within the ak:urity oC [his mactgage the same as the funds originally
<br />secured thereby, Lire total aritomrt of principal debt trot ro exceed at any time the origutal amount of this mortgage.
<br />Dated3ltis 9th day of Febrllary A.O., ly 83
<br />l` ~ ''~~
<br />.:.-•-'"'" James Caldwell
<br />8arb3ra L, Ca}}ldk+el
<br />STATE OI: NEBRASKA, ( ss. On this 9th day aC February 19 $3 . bet'om ma,
<br />COkIN7Y OF HALL. s
<br />the undcrsigaai, a Notary Fubfic in and far aatd Cotmty, perwoaily came
<br />Jdt~s 1`~. Caldwtll and Barbara L. Caldwell, each in tits and. her cA+rct ry ght and ass e of
<br />k:~tL'~'i i]'LE]@Iy w'hO are pe Y can to
<br />me to ba the idatttinal prtrarut S w}rase naowt3 are afftxad W live above inststuxren4 as rrmrtgttgur5 and they severally
<br />aeksxtwkd;al the laid rtunent to ba thei.r vrrhratary act and deal.. - - - --~ ..-~
<br />tYl'N my land and ry*tot Viral SaaS ttte dxte aftrraaaid. ~ ~, -+ r
<br />1 fMtNRItMWr.IbaalMMtaala '-'~`'6~"""'f~"`_ ,'~' ~u ~
<br />~ ~ Ms i~gt Mhe l1 b11,
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