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<br />83~o06098
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<br />MORTGAGE
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<br />MORTGAGE LOAN NO. r. 24 ,168
<br />KNOW ALL MEN BY THli<E PRESENTS: That Robert A. Thanpson and June E. Thanpson, each in his
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<br />and her CMIl right and as spouse of each other, Mortgagor, whether one or more, in consideJatioo oftbe sum of
<br />FnY+y ~1~~nn ~nrl nn/l00---------------------------------------------------~
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<br />loaned to said morlgagor by The Equilllble Building and Loan Association of Grand 'sIand, Nebmlra, Mortgagee, upon 400 slw'eSof sIoc:k of
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<br />said ASSOCIATION, Cerlificate No. L 24,168 ,do hereby grant, convey and mortgage unto the said ASSi' -lATION the following
<br />described real estate. situated in Hall County. Nebraska:
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<br />The West Six (6) feet of Lot Four (4), and all of Lot Five .(5)
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<br />in Block Forty Four (44), Charles Wasrcer's Second Addition to the
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<br />City of Grand Island, Hall County, Nebraska.
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<br />together with all the tenements, hereditaments and appurtenances thereunto belonging. including attached floor coverings, all window scrccllSy
<br />window shades, blinds. storm windows, awnings, heating, au conditioning. and plumbing and water equipment and accessories thereto, pumps, stows,
<br />refrigerators, and other fixtwes and equipment now or hereafter :dtached to or used in (,"onnedion with said real estate.
<br />And whereas the said mortgagor has. agreed and does hereby agree that the mortgagor shall and will pay aU taxes and assessments leYied or
<br />assessed upon said premises and upon this mortgage and the bond seewed thereby before the same shall become delinquent; to furnish. approved
<br />insurance upon the buildings on wd prenuse, ,ituated in ,he ,urn uf S 40 000.00 payable to said ASSOCIATION and to deJner to said
<br />ASSOCIA nON tbe policies rOJ said insurance: and nol to commit or permit'any waste on or about said premises;
<br />In case of default in the performance of any of the tenDS and conditions of this mortgage or 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 aU the renls. revenues and income to be derived from the mongaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appomt any a~nt or agents it may desire for the pwpose of repairing said premises and renting
<br />the same and collecting the rents. revenues and income, and it may payout (if 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 rema.in.ing~ if any. to be
<br />applied toward the discharge of sai.: mortgage indcbttJness; these rights uf t~i~ mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any ~emporaJ:Y waiver of the same.
<br />These Presents, however. are upon the Condilion, That if the said Mortgagor shall repay said loan on or before the matwity of said shares b}1
<br />payment; pay momhly to said ASSOCIATION of the sum specifIed in the Bond secured hereby as interesi and principal on said loan. on or before
<br />the Twentieth day of each and every month. until said loan is fully paid; pay an taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured the,eby. before delinqu<ncy; fumlSh approved insutance upon the huildings thereon in the ,urn ofS 40,000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand aU money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises;kup and comply
<br />with all the agr""ments and condition, of the Bond for S 40,/ 000 . 00 'his day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with a.ll the requirements of the ConslltUtlon and By-Laws 0 said ASSOCIA nON; then these presents shall become null and void~ othclWlse they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after fallure for three months to make any of said
<br />payments or be three months in arrears .n nUlking said mom,lIly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have.a rel,;Civer appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the reaJ estate mortgaged herein. by sale or olhcrwise~ then the entire rema.in.ing indebtedness hereby
<br />secured shaD, at the uption of The Equitable Building and Loan Association uf Grand Island, Nebraska.heooroe inunediately due and payable without
<br />further notice. and the amoWll remaining due under said bond, and any other bond for any add.it.IDnal advances made theteunder. shall, from the
<br />date of exercise of said opoon. bear interest at the maximum legal rate. and this mortgage IIl3Y then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all .ums paid by said The Equitable Building and Loan Association of Grand Island,
<br />NcbrasIca for insurance, taxes and assessments. and abstracting extension charges. with interest thereon. from date of payment at the maximum
<br />IegaJ rale.
<br />As provided in the Bond seemed hereby. while this mortgage remains in effecl the mortgagee may hcreaftcl advance additional s.ums to the
<br />makers of said Bond.lheir assigns or s~rs in interest. which sums shall be within the security of this mortgage the same as the funds originaUy
<br />seaued Uleleby. the total .amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />14th day of November A. D., 19 83
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<br />STArE OF NllBRASKA, l ".
<br />COUNTY OF HAll I
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<br />On this
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<br />14th
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<br />day uf
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<br />November
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<br />19 83 ,hefore roe,
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<br />Rebert A. ~ and June E.
<br />each other,
<br />me to be the .tdentiuJ penons whOllC nanlt.S are ainxed to the above instrwnent as mortgBgoS
<br />aek.nowkd&ed the said i~umcml to be their v(1Iuntary ~U.."1 and deed.
<br />WITNl'.ss my hand and N"Ia.ial Seal !he date aforewd.
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<br />MY C.onunmm t1pll'C'll.
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<br />the undersigned... Notal)' Public in and for said County. penonaDy came
<br />'fhcrnpson, each in his and her awn rig~.f ~ as ~~ ~ to
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<br />and they
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<br />",..rally
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<br />tt.nl.k.
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<br />I NIt 'II"" 'dJ]"WllllI,) ltt ~
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<br />Notary Public
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