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<br />MUFtTGAG1E ~ ~. !) ll tJ 4 t3
<br />____^~- - ~ MORTGAGE LUAN NO. L 24, 020
<br />KPIQaf ALL MEN BY THESF. PRpSENTS: That Ibnald R. Cox and DebOL'S11 A. Cax, each ]St his and her
<br />n~dt't right and as spouse of each ether,
<br />Mortgagor, whether one ar more, in cansidentian of the sum of
<br />Fifty T1-iausand and No/100 ----_-_ -°--------°-° °"-".~"'""'°"~_°."' IItILLAt2S
<br />)oared to said mortgages by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 500 strares of stock of
<br />said ASSOCIATION, Certificate No. L 24,020 , do hereby grant, convry and mortgage unto the said ASSOCIATION the following
<br />destaibed n:al estate, situated in Hall County, Nebraska:
<br />Lot ~ (2), Westroads Estates 'PtLirr3 Subdivision, Ball County, Nebraska
<br />together with all the tenements, hercditamraris and appurtenances thereunto belonging, including attached floor coverings, all window saeens,
<br />wimlow shades, blinds, storm windows, awnings, treating, air conditioning, and plumbing and water eyuipmen[ and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment new or hereafter attached to or used in cnnnectiov with said re~ai estate.
<br />And. whereas the said mortgagor has agreed and does hereby agree that ti:.e rnortgagoc snail and will pay all taxes and asxssments levied or
<br />assessed upor said. premises and upon this mortgage and the bond secured thereby before the same slaatf becotne delinquent; to furnish approved
<br />insurance open the buildings an said premises situated in the sum of $ 50, Ofl0. fl0 payable to said ASSOCIAT[ON and [o deliver to said
<br />ASSOCIATION [ht policies for said insurance; and not to commit or permit any waste on ar about said premises;
<br />In rase of default in the performance of any of the terms and conditions of this rrnartgage or [he bond secured hereby, the mortgagee snail,
<br />on demand, be entitled to innrrediate possession of the rnartgaged premises and the naartgagoc tteeby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indkbtedness shall retrain
<br />unpaid; atul the tror[gagee shall have the puwzr to appoint any agent ar agents ii ntay desire for the purpose of repairing said premises and renting
<br />elre saute and collecting the rents, revenues and income, and it mxy {ray out of said income alt expenses of repairing said premises and necessary
<br />mtnmissioos and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remelting, if any, Eo be
<br />applied tow•ud the discharge of said mortgage indebtedness; thesx rights ol~ the mortgagee tray be exercised at any time during the existence of suck
<br />default,urespective of any tcmpotary waiver of the sense.
<br />These Presents, however, are upon the t;ondititzn, "ftnrt if the said Mortgagor strati repay said loan an or before tfie naaturi[y of said shares by
<br />payment pay monthly to said ASSOClATtUN ssf the sum sfecified in the Hood secured hereby as interest and principal an said loan, on or before
<br />the Twentieth day of cactr and every month, until said loan is fully paid; pay alt taxes and assessments levied against raid premises and on this Mortgage
<br />and the Bond secured thereby, lecture delinquency; furnish approved msunnee upon the buildings thereon in the siren of $ jQ.r QQQ, QQ payable
<br />to said ASSOCIATION; repay to said ,iSSGCls,TIGN opal demand ail. nraney by it paid for such taxes, assessments and insurance with interest a[
<br />the nraximttni legs{ rate thereon from date of payment a!1 of which Mortgagor hereby agrees to pay; pertnir no waste on said premises; keep and comply
<br />with all the agrcemenis and sxmditians of. the Bond far S 50 flfl0. fl0 this clay given by the said Mortgagor to said ASSOCIATION, and comply
<br />unth all the reyunrentents of the Constitution and $yLaws of said ASSUCSATiUN: then these presents shall became null. and void, otherwise [hey
<br />shalt.. remain in full force and may be foreclosed at the option of the said ASSEX:IATION after failure, for three months to make any of said
<br />payments ar lee throe months in arrears in making said monttaiy Iraynrents, ar to kezp and comply with the ageeements and conditions of said Sond;
<br />and:Mortgagor agrees to have a. receitrer appointed forthwith in sw~h foreclosure proceedings.
<br />it there is any c)umge in ownersltig of the rea3 estate mortgaged herein, by sale or otherwise, then rho entire rernairing indebtedness hereby
<br />secured. shall, at. [he optiau of The Equitable Btiildireg and Loan Association oY Grand Island, Nebraska, became immediately due and payable wi.Ghaui
<br />furehce notice, and the anwunt reernairting due tender said baud, and any other band far 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 arnoan[ due of said
<br />bond, and any other band far additional advantxs, together with all surm paid by said The Equitable Building and Loan Association oC Grand Island,
<br />Nebraska for insurance., taxes and-assessara:nts, atd abstracting extension charges, with interest thereon, from dale of payrrnent ai the maximttrn
<br />legal rate..
<br />Ag provided rA The Bland secured hereby, white this mortgage remains in et'feei the mortgagee may hereafter advance additional sums to the.
<br />ttnkera of said. Band, their assigttsor sucs:cssarsinitteresx, which sums shall be within xtre security of this mortgage Ytte same as the funds origitrally
<br />- secured thereby, the tMal amotint of principal debtnot to exceed ax any time the origsnal announi of this mortgage.
<br />I?a:e 5~ ~, _..-~~ , f February A. o., l9 82
<br />c lF ' f .r. r
<br />AA r
<br />~'~ GF tdk.BRAS1El1. ~ m. On this 5th da of Februar' 39
<br />CUI7t+t"fY OF iIALL y ~' fi2 , before me,
<br />itte understgneti, a Notary Public in and foe said C'ountyl pcrsstnalty tzrrc
<br />Ilasiald R. Ct7x and t}ebrarah ~. Cox, each in his anti her cxm right and as spouse ax teach ether,
<br />who ~~ . persanatty krrawn to
<br />rrye to Gc theiatcrucaE persons whose rcxrru.S are afftxcd to the: above tizssruamtt as nxxetgagar g and tj';@y snveraity
<br />ac$snrwicdgtd itse said instrument to ire tt'1f:1Y' •rahmrary asst and decd.
<br />wI'fl+i my banal artd Nutarnat Seat the date aftaresaid.
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<br />ty Ca:rruniarttr., r;lpises ~'.. ~. ~ <7,:,~ ~ I ~ f n' .. t r ~;~' .
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