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<br />MORTC,AGF,
<br />~~~ MORTGAGF, LOAN NO. T. 2A,176
<br />(~TIOW ALL MEN 8Y THESE PRESENTS: That Gary L. Nbod and Julia ii. WOOd, each 1.i7 his and her
<br />OWiI rlt3}7t c17Td as spouse of each Other, Mortgagor, whether one m imrt, in cortsfderataon of the sttm of
<br />c;Y~~ Ztaa '1t>ousa,~xri Fits Htui~ _anr~nn~1A0---~---- - - ------~lOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grxnd Is}and, Nebraska, Mortgagee, upon 625 shares of atodrof
<br />said ASSOC7AT10N, Cett~rau No. L 24,176 , do hereby grant, wnvey and rnongage rmfo the said ASSOCIATION the follow6tg
<br />described real estau, situated in Nab County, Nebraska
<br />Lot Thirteen (13), Imperial Village
<br />Eighth Subdivision, in the City of
<br />Grand Island, Hall County, Nebraska.
<br />together wdh all the tenements, hcreditantents and appurtenances thereunto belonging, including at[aclted floor wveritigs, all window screens,
<br />window shades, blinds, storm windows, awnings, healing, air wnditioning,and plumbing and waterequipment and accessories thereto, pumps,stovea,
<br />RRtgefamra, and Utiiei ItX[ffirs and equrptnrn[ iaTW a bt:eat!et 3liaCtied to or used m txrnrlCCin)rl Wilh said uai estate.
<br />And whereas the said rrwrtgagor has :rgceed and does hcrchy agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />asscss°.d upon said premises and upon this morgage and the hcxtd secured thereby bctiur the same shall became delinquent; to famish approved
<br />insurance anon the btdtdings on said premises situateil in the sum of S 62, 500.00 payahk [u said ASSOC1AT10N and to deUver to said
<br />ASS~tATION the policies fw said irtuuanca: and not to wmmit ar permit env waste un or shout said premises;
<br />In case of default m the performance of any lit the terms and conditions of this mortgage ar the hand secured hereby, the mortgagee shall,
<br />or+ demand, be enUOed to inmtrdiau prnsession of the mortgaged premises and the tnungagur hereby assigns, transfers artd sets over to the
<br />rtwrtgagee all the rents, revenues and towhee to he derived from the ntongagcil promiwes during such time as the mortgage indebtedness shall remain
<br />unpaid: and the mortgagee shall have the txiwer to appuvtt any agent cr agems It may dexire for the purpose of repairing said premises and renting
<br />the same and wtkcting the rents, revenues and inwmr, and it may pay out of said income all expenses of repairing said premises and necessary
<br />wmmiyfans and expenses incurred in r2ming and managing the same and of collecting rentals iberefzom; the halantx remaining, ii any, to be
<br />appkkd toward [hr discharge oC said nturtgage ntdebtrdness: these trgfus a( the mortgagee. may be exercised at any tithe during the exis[ena of such
<br />default, trrespedivre of any temporary waiver of the same.
<br />These Presents, hawevcr, are upon the Condifxrn, "that if the card Martgagtrc shall repay said loan on ur before the maturity of said shares by
<br />paymetst: pay m€rnthly t« : xid Aa'S{ICIA'T'S{}N of ttre sum speeiGed in the Uorrd ~curecf heretay as interest and prindpa3 on satd .Wan, on ur before
<br />the Twentieth day of each and curry rrwnth, until szrd loan rs fully paid; pay a31 taxes and assessments levied against said premises and on this Mortgage
<br />and the Blind secured thereby, brture delinqurncv: funuslt approved insurance upon the buildings thereon in eho sum of S 62, 500.00 paysble
<br />to said ASSIX'(AT10N; repay to said A.SSt?'CIATION upon demand ail mmrry by it peed for such taxes, assesvttents and instuance vdith interest at
<br />the maximwn kgaS eau therc•€m (rum date lit payment ail of which bturtgagur heeby agrees to pay: permit nu waste mr said premises:keep andwmpty
<br />with ah the agreements anJ conditions of the Bond fur S 62, SOU.00 this day gtvrn by the aid Mortgagor to said ASSOCIATION, and wmply
<br />with sU the rcquimments of the Constitution and By-Laws of satd ASSOCIATION; then these presents shall became null and void, otherwise [hey
<br />shall rrrrwin in full force and ntay hr Cumdosrd at the opuon of the said ASS(X:IAl't{}N after failure for three months to make any of said
<br />pnytrtents or tx three rrumtfis in arrears m makhtg said monthly pxynrrnts, ur to keep and comply with the agreements and conditions of said Blind;
<br />and Mortgagor agrees to have a receiver appouitrd forthwith in sucft foreclosure pru€xedutgs.
<br />1f there is any change m ownership of the text estate mortgaged herein, by sale ur otherwise, then the entire remaining indebtedness hereby
<br />soured shall, a[ the option of The Equitable Building amt Loan Association of C,rand lsfand,Nebwska, beware immediately due and payable without
<br />further nutia, and the arrraunt remaining due umter said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />.. ,yi ~ . -....w,.. _ - - __ ~- - __ _ -
<br />_ -_ _ _ a ..- - ~ .e ..,.. ....: -_ ._tKajcc .uaj C.rcTi w iv.c~h.acu' w - -. -•
<br />,r^r= ~ytr-,+~ ,~, r~ '.^-` .. :ax:.::;:;a :"r~,n1 . _ __ _ __ _ __ ___ ___ y,iia'ey due un said
<br />bond, and any other band for addifiortal advances, tog€:thtr with a!1 svnrs paid by said The [gtutxbk Btrifding and Loan Association of Grand Island,
<br />Natuaska fat irtsuramx, taxes and assessments, and abstracting extension tdtarges, with interest thereon, from date of paytttent at the rrtsximum
<br />legal eau.
<br />Ax provided in the Bond secured hereby, while this mortgage remains in effect thr mortgagee Wray hereafter advance additional sums eo the
<br />rtmkers of said Bond, their assigns nr struessors in interest, w}tich solos shall be within the security of this mortgage tfte same as-the Funds origiaalty
<br />srrurrd thereby, tbe total antouatt oC principal dcht not to extxed at any ante the ariginai armrunt oI'this mongage.
<br />thin 16th ,_~da/y~„t January A. ta., f e S 4
<br />~'~~_.__
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<br />STATY'.OFNEBItASIGt, ~. fhtthis 16th da of Janua 19
<br />_ CC}IINTY {}H BALL. Y i~'64 , txfore toe,
<br />the uadcrxigned, a Notary I'ublfc in and for said County, pecsotnlly tame
<br />LiaS}' .lr. Mk)Ofl at1tY Jtalia M. 1`kpClr E"aGl't in {77.5 and her ON/t2 right at7d who SpGllSe O~ea y known to
<br />S1t~T, iiYl.'
<br />coo to be the idestitaai peramg wttrsse name g arE' allixrd to the above instritmertt as mnrtgttgurg and t}}e} severalty
<br />auimowli~ad the said ixratrrartsent to br t37eir vsduntary art and dccf. .,~ _
<br />wfTNF'xi mY hamt acrd Notttarial Stxi the;t~ aforaxaid, i - -'i
<br />#y G't,~m axpartc {! ' f ~ "` d :^. ,
<br />-trraarst sr WIl~atlltWtltrl'r-Tiwa Miftilwaaa Nitaryp~J__..
<br />J11RttMi£ ti tiRL7S1!
<br />IAtCarus..~ ttlw, IC lilt
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