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<br />83-+)01698
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<br />MORTGAGE See L 20,128
<br />MORTGAGE LOAN NOL 24.086
<br />KNOW ALL MEN BY TIlESE PRESENTS: That Rupert D. Cox and HOpe Elaine Cox, each in his and her
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<br />own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the swn of
<br />TwPnry Five Thousand and no/lOO---------------------------------------------------=1)OLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand [sIand, Nebraska, Mortgagee, upon 250 shares of stodt of
<br />said ASSOC[ATION, CertiJicate No. L 24,0"86 , do hereby grant, convey and mortgage unto the said ASSOCIATION the followiDg
<br />desori"ed real estate, situated in HaD County, Nebraska:
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<br />Lots Eight (8) and Nine (9), in Leisure Valley
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<br />Lake Subdivision, Hall County, Nebraska ccmprising a
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<br />part of the Southwest Quarter (SWli) of Section 'l\\D (2),
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<br />Township Nine (9) North, Range Ten (10) West of the
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<br />6th P.M., Hall County, Nebraska.
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<br />together with all the tenements, hereditaments and appurtenances thereunto beJonging, including attached floor coverings, all window screens,
<br />window shades, blinds. storm windows, awnings. beating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators. and other flxtwes and equipment now or hereafter attached to or used in connection with said real estate.
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<br />And whereas the said mortgagor has agreed and does hereby agree thaI the mortgagol shall and will pay aU taxes and assessmenta levied or
<br />asses.ed upon said premises and upon this mortgage and the bond secured thereby before Ihe same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 25 J 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and nol to commit or permit any waste on or about said premises;
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<br />[n case of default in the perfonnance of any of the terms and conditions of this mortgage or the bond secured hereby. the mortgape shall.
<br />on demand, be entitled to immediate possession of the mortgaged premises and lhe mortgagor hereby assigns, transfers and seta o...r to the
<br />mortgagee aU Ihe rents, revenues and income 10 be derived from the mortgaged premises during such time as the mortgll&e indebtedness shall remain
<br />unpaid; and the mortgagee sball have the power 10 appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents,levenues and income, and il may payout of said income aD expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing Ihe same and of collecting rentals therefrom; the balance rernainin8, if any, to be
<br />applied toward lhe disclwge of said mortgage indebtedness; lhese rights of the mortgagee may be exercised at any time during the existence of such
<br />default. irrespeclive of any temporary waiver of the same,
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<br />These Presents, however, are upon the Condition, That if lhe said Mortga&Or shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specifIed in the Bond secured bereby as interest and principal on said loan, on or before
<br />lhe Twentieth day of each and every month, unlil said loan is fully paid; pay aU taxes and assessmenls levied against said premises and on this Mortgll&e
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<br />and lbe Bond secured Ihereby, before delinquency; furnish approved insurance upon the buildings thereon in the swn of $ 25,000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by il paid for such taxes, assessments and insurance with inlerestat
<br />the maximum legal rate thereon from date of payment all of which Morlga&Or hereby agrees to pay; pennit no waste on said premises; keep and romply
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<br />with all the agreemenls and conditions of lhe Bond for $ 25,000.00 this day given by the said Mortgagor 10 said ASSOCIATION, and comply
<br />with aU the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and wid,otherwile they
<br />shall remain in full force and may be fOleclosed at the option of tho said ASSOCIATION after failute for three months to make any of said
<br />payments 01 be three mooths in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a recei...r appointed forthwith in such fOleclosure proceedings,
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<br />If lhere is any change in ownership of the leal estate mortgaged herein, by sale or othelWise, then the entire remaining indebtedness hereby
<br />secured shall, atlhe option of The Equitable Building and Loan Association of Grand Island. Nchraska, become inunediately due and payable without
<br />further notice, and the amount rernainin8 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 mortgage may then be foreclosed to satisfy the amouIlt due on said
<br />bond,and any other bond for additional ad>ances.together with aU sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance. taxes and assessments., and abstracting extension charges. with interest thereon, from date of payment at the maximum
<br />legal rate,
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<br />M provided in the Bond secwed bereby, while this mor'P3" remains in effect tho mortgagee may hereafter advance additional sums to the
<br />_en of said Bond, their assigns or sw:cessors in interest, which sums shall be within tho security of this mortgage tbe same as the funds originaUy
<br />se<:ured thereby, the total amounl of principal debt not 10 exa:ed at any time the original amount of this mortgage,
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<br />1;th day of April, A,D..1983
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<br />Co
<br />,11
<br />Ela100 COX
<br />STATE OF NEBRASKA,l IS.
<br />COUNTY OF HALL ,
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<br />On this 5th
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<br />day of
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<br />April
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<br />19 83 , before me,
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<br />,.,
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<br />the undenigned. a Nolaty Public in and for said County, personaUy came
<br />Rupert D. COX and Hope Elaine Cox, each in his and her own right and as spouse of each
<br />Ot:per, who are personally known to
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<br />.... to be tho idc>Qtio;alpersoo S wltooe name S are .mxed to the abooc instrument as mortgagors and they severally
<br />aeIuiow~ the said instrument to be their volunto.ry act and deed.,' .'-"-J
<br />WITNllSS ol)'band and Notarial Seal tho date aforesaid, /
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<br />Ny Commission expkC1 '!P I. ~ ) 9 fy' i ~
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<br />........-Itatt II.......
<br />JOANN.l Q. ~
<br />, _ My Cou. tll, 1lDt. Il. 1*
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