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<br />83-004362
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<br />MORTGAGE
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<br />MORTGAGE WAN NO. L 24,139
<br />KNOW ALL MEN BY THESE PRESENTS: That Arthur Morrison and Mildred E. MJrrison, each in his and
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<br />her
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<br />own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />!':i rly ~ Thn",,,,,nil ;mil noIlOO------------------------------------ DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Gl1Uld Island, Nebraska, Mortgagee, upon 620 shares ofstodcof
<br />said ASSOCIATION, Certificate No. L 24,139 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated ill Hall County, Nebraska:
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<br />Lot Five (5), in Block Fifteen (15), Wallich's Addition to the City of
<br />Grand Island, Hall County, NeQraska.
<br />
<br />Lot 'IWenty-Four (24), in \"iest Heights SEcond Addition to the City of Grand
<br />Island, Hall COunty, Nebraska.
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<br />together with aD the tenements, hereditaments and appurtenances tbereunto belonging, including attached floor co,",rings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumhing and water equipment and accessories thereto, pumps, stOleS,
<br />refrigerators, and other fixtures and equipment now or hereafter altached 10 or used in conneclion with said real estate,
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<br />And whereas lhe said mortgagor has agreed and does herehy agree that Ihe mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon lbi. mortgage and the bond secured thereby before the same shall become delinquent: to furnish aPf'lO'"'d
<br />insurance upon Ihe buildingS on said premise. sitWlted in Ihe.umofS 62,000.UO payable to said ASSOCIATION and to deliYer to said
<br />ASSOCIATION the policies for said insurance: and not 10 commit or permil any waste on or about said premises:
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<br />In case of default in lhe performance of any of lhe lerms and condition. of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the morlgaged premises and the mortgagor hereby assigns, transfers and sets o,",r to the
<br />morllll'l\CC all the rents. re\'Cllucs and income to be derived from the mortgaged premises during soch time as the mortgage indebtedness shall remain
<br />unpaid: and the mortgagee shall have the power 10 appoinl any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and coDecting the rents, revenues and income, and it may payout of said income all expenses of repairing said premises and necessary
<br />commissions 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 exen:ised at any time during the existence of such
<br />default, irrespective of any temporary waj"", of the same.
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<br />These Presents, however, are upon the Condition, ThaI if the said Mortgagor shalI repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum .pecifted in the Bond secured hereby as interest and principal on said loan, on or before
<br />the TWentieth day of each and e""ry mooth, until said loan is fully paid; pay all taxes and ___nl. levied against said premises and on this Mortgage
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<br />and the Bond secured thereby, before deIinquency; furnish approlled insurance upon the buildings thereon in the sum of S 62,000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessment. and insurance with interest al
<br />the maximum legal rate thereon from date of payment all of which Morlgagor hereby agree. 10 pay; permit no waste on said premises; keep and comply
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<br />with alltbe agreements and conditions of the Bond for S 62,000 .00 Ibis day given by the said Mortl!ll&or to ",id ASSOCIATION, and comply
<br />with aU the requirement. of the Constitution and By,Laws of said ASSOCIATION; Ih.en these presents sball become nuD and void, otherwise they
<br />shall remain in fuD force and may be foreclosed at lhe option of the said ASSOCIATION after failure for three montlu to make any of said
<br />payments or be three months in arrears in making said monthly paYlIICnts, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees 10 have a receiw, appointed forthwith. in soch foteclosure proceedings.
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<br />If there is any change in ownership of the real estate mortpged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />lI:QIlC(i shall, at the option of The Equitable Iluildinr, and Loan Associatioo of Grand Wmd,Nebraska, become immediately due and plIya.b1e without
<br />furlber notice, and tbe amount remaining due under said bond, and any other bond for any additiona1 advances made thereunder, shall, from the
<br />date of exercise of said oplion, bear interest at the maximum legal rate, and this morlpge may then be foreclosed to satisIY the amount due on said
<br />bond,and any other bond for additional advances. together with all sums paid by said The Equitable Building and Loan Assoeiation of Grand Island,
<br />Nebraska for insurance, taxes and asses>ments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate,
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<br />As provided in the Bond secured he.reby. while lhis mortl!ll&e remains III effect the mortgagee may hereafter advance additional SUIIlS to the
<br />makers of said Bond,tbeir assigns or SIICCC$SOl$ in interesl, which sums shall be within the security of this mortgage the same as the funds originally
<br />IIl(:UlCd tbereby, the total amounl of principal debt nollo exceed al any time the original amount of this mortgage.
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<br />~~~t
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<br />.,. ... . .... rrl.SOn
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<br />$'A~~~~l 'sa, On this 16th
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<br />A. D., 19 83
<br />
<br />day of
<br />
<br />August
<br />
<br />19 83 ,before me,
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<br />the undersigned, a Notary Public in and for said County, personally came
<br />Arthur ~ and Mildred E. ~rrison, each in his and her own ri~ht and as spoUSS! of each
<br />other. bo are pet10nltlty known to
<br />. to be the i<lentkal ~ w~ llame 5 are afIlxed to the above instrumenl as mortpgor S and they _rally
<br />~l\Idpd the saidinstrlllDiOnt to be ~r... GE~-;;;J. (J
<br />W1J'NllSSrnylwldandN .. ...... .~~NMA~.-. '--' ',./
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