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<br />84~ 0051;~1
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<br />MORTGAGE
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<br />MORTGAGE LOAN NO, __1.. 24.2fiS
<br />KNOW ALL MEN BY "f11ESF !'RESE1'I1'S: Th.t Lawrence R. Elrod and Frances M. El:rod, each in his and her
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<br />01ffi right and as ~ of each other Mortgagor, wh.rher one or mo.... in OOl.sldmtioo of the sum of
<br />_TlJ.U::t.~Six-'l'.lJQ1Jl>L" __'):;OC~i:l~g._~Y~EXl'@.. an,~U!.()DOO--===---------- OOU.ARS
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<br />IDallt'd 10 said mortgagor by The Equitable Building .nd Loan A...-.ciatioo of Grand hland, Nebraslta, Mortgagee. upon 363 slwes of stock of
<br />said ASSOCIATION, Certificate "n_ L 24,265 ' do hereby grant, convey and mortgage unto the said ASSOcrATION the foRowing
<br />described real estate. situated 1I1 Ball COl.1.nty, Nehras.k.a"
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<br />Lot Six (6), Block Ten (10), Rollins' Addition
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<br />to the City of Grand Island, Hall County, Nebraska.
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<br />tr~lber with all the lenl:ff!l."H!'S-, h~t!'dH~1lM:'fH3 ;JOU 3ppuitf'nan,.x"'\ the," j h!i0f!J:ting, ir:c.~l,.uih->6 attached floor CQY'Cr1ngs" all window ICRCl'DS,
<br />window shades" blinds. :;tl.Hm windov.-~;. J;wnmp;.'S, i;..~;jtin~. 1.1f ~--,J!ldi{.:tm;n~.1. ...; plumbing and walel equipment and ~ thcreto'tpumps..st~
<br />ref.igcrahJf'S. ami olher fixtuft":. and e,-!Uirnlt~nl ri\~Vi ,-tf h{'re~ftt'r Jltacheu tn Of u~-d ill connechon with said re.a1 estate.
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<br />Am.I when'as the salll mt~; t~~m !u~ ;J.~ret'J ,;;,!i..! ul.Jes htn:by agIl.~c til:H the mortgagor shall and will pay aU taxes and ~tllcvied or
<br />aw:sscd upon l',.ud rrC"tHl~~ dnti Up-.II' i.;'l:~ fli(!Itl!.i}~l' 31H.1 th(" bOIlD seemed !ltt'r'!"hy t'ldiHC rht' same shall ~me delinqwent;. to furnish approwd
<br />in~uf'3nce IIp'lll [he {-lUl1dm~ .10 \.tid pln!li~" \j, UJit'lj l!l the '$U!tl of S 36,375. 00 ~'m'fahlc tu $!lId ASSOCIATION and to deli""r to Slid
<br />N).*iOCIATlON tht" pob1.:}c\ !nf \-J.IJ 1'l.S\jr:.m.:e, .wd r!.)f :,1 (W!WW i'>l' {~rfltj( ;lny waste on Of l::Ibout ia.ld prem.iws;
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<br />. in C.a.St.'.l~r tie~'~~h. t~l Ihe ~X'r.!~Haurh,.<. "i ,iny "j ih(: !~'!n"t-; dH~ ,:'Hl~Il!i\)n~ o.f ~~llS mtlft~ag-e o~ ttu: bond. SCCUf~ hC!eby, t.t:e.~~ ~_,
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<br />~~=U;i!v;h;':~~:"~ ~l(~~~::~~~~~c :~:::::S~;:~ t~;l J~~~~.~'-'t\il~~~~~cf:l~~~;~~a~.e::sc~~~;g~fu~~;;,.;~ =~~~;;~;W -::0:.:
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<br />unp,;:utL antlthe n~)ft~~.c shaH h:.sVt' ~hc p..1W(.'f td .'q~-"nH .my ag.eTit til agent.') it may desire for the purpuse of repairing said premises and renting
<br />the sa~ aUll i..'UHcdlng the n~flt'5. h>-\"(~fHK"" ~nd li:i,.'Ome, and II may pJY IHJ( of s.att.l income all expense.'S of repairing: saw prcmiaes ~d nceeuary
<br />;;1..)m~UlssitJn~ JUU l'xp<:n~:.... ,rlu.uft'J m ft"fHHI~ ,HHin~n;!~mg lht,.' S<tll~ and of collecting rentals therefrom~ the balan~ remaining, if any, to be
<br />apphcu l;JWi1hl Ihe jlS(;hJl~C I'j \;:wl Ek', tp.~~' lnJcbt('dnt.:~..., !he~' .i~hl") lJf rhe rnUCI}tagee may be exercised at auy time during the existence of sud1
<br />default. IHC'':lcJX'.:tl''1: dt :!IIJ 1empVlJ.r} \l,:J.JH'r ;,il lh~ s..JH"it',
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<br />Thc:st~ PfC'Sl'flIS. :,UWCVt't, ..il~' "~"".Ill th\~ t"'fhj,li'.>il_ I h:n It the kllU Mongilg\), '5l1:l11 n:pay S<lid fOrtH un or befure the maturity of said shares by
<br />pa}Il1:e!lL p.:y m~..ml~l~~ 10 ';l-.'i,~i __\__'''IS()ctA ~ 10.... !!>t' ~ulH \.i1e<.:I(ieJ :fl the l-kHhJ Sl;~l.:Uftll.J hereby as mt~rest a~d principal on saw loau, on or before
<br />1M Twentieth J.a) t1t ~:J\.'h JI~iJ ('WI'. ;;\<.l!~ti'l ,-,;l! j, '-lIE 1.' !uti\' p.;tlll~ p;t~ <fii J1l.XC~ alilj asse~m~nts leVIed ag;uost said prCll"WseS and on this Mortpac
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<br />Jnd the &mu Sl".Ult~J lil~f.:h". (""!.,l!~' J~ll.i\.'i'!(:l''-:. I ,.1!fltSJI "tPPiu't'-'::"ti lHSU!.:tlH.'t" u~Ul the hutlthngs thereun In the sum. of S 36,375.00 ?'lyabJe
<br />to :hila ASSOCi.\. n~)'; !<-'poi) ;0 >""fjl:i A\-"\L~'l-\ 1 10:'\ ",~:o..)ll JI:-IH~llU all IJkl1Wy by /I paw fnr such taxes, asseSSfflC1l:ts and inswance with interest at
<br />the m-li!(tmWl1 kgolllatt' .he{"~l~;' lr,-,ni 0)l,' ,,! 11:t'fllJ.'\.'ill .ili tJl' ~"hjdi Ml.lft!!~tH lH~lchy a~lee~ (0 P;\Y; ptmnit no waste on saKi prtln.tses.;k.eep and.compir
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<br />with 311lne .!t1t't'lI\t'Hh allJ ,-',m"iJ!idh ,'~ tl~<: H')ll..~ 1'-'1 S. 36 # J7S. 00 tius day ~,Jven by the saw Mongt:sgur hi ~id ASSOCIATION, and comply
<br />wuh JIl the i~o..tU.l,I~lllol.nl:, vI t;~c l'(']l'lllU;l~lii "n,,' H\ ..( ,j~') ,.J s..:,tJ ASSOCI" 110,N;, thl~f1 these pre'Sc:".ts s.haU becon-.e null and void. otherwise they
<br />.;luU H~lH..m ;11 lHH !"t..t' ...;,,J (:,ii) f, "l,,,,',-'j,,y..:,j ;it Ih.: ','iHh.lil iJl Hit' :o>.il.J !\SSO('IAnON ahc-r iatlure for lhree months 10 nuke any of said
<br />pa.~m\-'Ilb \'1 l)l;' lhr..'l.' l"h'f.th~ ~,H'.H~ '..1\11 IlllH.!h!;.- p.I)'UkIlb, lH t\l h~t'p ami cum pi) wllh the /,lgr~nlentsandoonditions.ofsaidBond;
<br />:wJ M;,Ht~g'-'i "5''''':'' id 1~J~';:.., ;,',--~'\~,--'. j;):I[,'A!th:n :d!ch f,H-c\.:!,\~m~' fH\)l.:cc:dtngs.
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<br />If thl'H' 1.\ >ill)' .:h.mg...: III P'whl'l,jilP pI th(' ,t'J:J ,'~id.{l" 1llOftgagc1.i herem. ~y saic or \HhcIWI~, then the erlfue lem,.1fi1118 mdebted.nes;s hereby
<br />'f>:-,:mt~,i dull, .11 I he ,Iptll\h lIt I'h..: l. qlUtahk HlL~i.jll1g. .t.Hd 1 ,;~'1U Acs.,.,(}t,.'latinu \1'- t,:f.'and Island. Ncbtuka.. be~ome immediately due and payable without
<br />lmllk'l iWl Irt: , .nlJ th.: .JH,,-llWI r'..>m.WI'H~ I..\;'''' tlnJ~{ "..Hd hHhi. jlH.l tlny D{he. bond tor any adJitionaJ ad..1lnces made:: thereunderl shall. from the
<br />J.ak oll r"X('l(l-"," ,:i ~,j l'plH-,n. he..f IGt('~'..;, J( til,,' H\"'i\ilmUH l\.~g;:t! 1'<11(:, and tfllS. rlh-Htgagc If14Y then be foreclosed to satisfy the amount due on said
<br />t-)(md,4.nd all)' \!theI h-l.'lUd fl.)! ;j\hLtit.>u<s1 lUgdhel \l<ith aU S.UHl$ p.wJ hy said 'I '':e Fywtable Building and. loan ASSOciation or Grand Island,
<br />~ehfilsi..3 It)I ms.UEUl.;.,..<, UXl':" <.\!l.J .:l~'>i'-"..'idil<__nb. ;J~)SHadm~ ..-xH:'n;';I(ln ~ha{ge::.. with imCfC'st ihereon, from date of payment at the mniJnum
<br />k<-g.41uh.....
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<br />, As. p..~'i~lku .I~ ~l~)e Bt1nJ $l;'i,.lji~'J. h';C'h.~, ....tuk !lIt., n\."ltr"lgt' ;<:,rniu~l...> su \,n,t>-t.:t th~ mOflgagec.:. miiy heleaJter advance additio~aJ sums, t~ the
<br />nWA.~f~ ..\ S.U<J. B~)hu, HI~H """",,?,n.:. . ",-h:,:~':",,"',-;i.. iE j;;"t'h "t, ~"nH.tj ~L'-j~,~ .~had [h,' '.qWm tilt" J.t.'GUJ.ty \l{ d'.J$ mo.t~e the same as the Jund~ufig.mally
<br />~"~ureJ Iht-tcb}. tht "HJ.l :.nlitHli!i ,'; \'<ih:iP:.ii dtht lhlt In ,'\,,-".~""" 41 J:l;. Hin,. :ill' ')l!g.inal d!Uount of this ml.}fq~,agt.'.
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