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<br />MORTGAGE
<br />MORTGAGE LOAN Np. L 23, 31 D MGI C
<br />f~pw ALL MEN B~ THESE PRESENTS: That Timothy L. Dunn and Kelly M. Dunn, each i II his and
<br />her !! eight grid as spouse of each other,
<br />Mortgagor, whether one ar more, in consideration of the sum of
<br />Twenty Two Thousand Five Hundred and No/100---------------------------------------= IX3LLARS
<br />loaned to said mortgagor by She Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagce, upon 225 shares of stodt of
<br />said ASSwIATiON, Ceriifi~te No. L 23, 31D MGI C, da hereby gent, can:-ey a.^.d mort~ge auto the s_id ASSOCIATION the felowsng
<br />described real estate, situated in Haii County, Nebraska;
<br />LOT ONE HUNDRED ELEVEN (111) IN BUENA VISTA SUBDIVISION,
<br />AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />ttrgeiher with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor cow_rings, all window screens,
<br />window shadex, blinds, storm windows, awnings, healing, air conditionutg, and plumhing and water equipment and accessories thereto, pumps,staves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or us:.d in connection with said real estate. - _
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shalt and will pay all taxes and assessments levied or
<br />asstissed upon said premises and upon this mortgage and the btrnd secured tlrtrttav before the same shall betAmc delinquent, to fua _" ;ppravsd
<br />insurance upon the buildings on said premises situated in the sum of S 22 5tjD, DD payable to said ASSOCIATION- and to deliver to said
<br />ASSOCIATION the policies for ,:,,d'snsuranex; and not to commit or permitany waste on ar about said premises;
<br />In case of default in the performance of any of the t=arts and conditions of tlris mortgage or the bond secured hereby,. tars tttoetgagee dta}'., '
<br />on demand, be entitled io iuirrtediate gossessian of the mortgaged premises and the mortgagor hereby assigns, transfers artd ~YS aver to the
<br />inorigagee alt the rents, rererues and income #o ire derived from the mortgaged premises during such ¢hrrs as the mar~gagt indeutedrtess shall ee~isin
<br />tmpaid; and the mortgagee shat! have the power to appoint any agent ur agents it may desire for the purpose of repairing said premises and rentirtg-
<br />the setae and eatteciing the rents, revenues and inmme, and it may pay out ai said income sit expenses of repairing said premises artd nscsatary
<br />camntissions and expenses incurred in renting and managing the same and of cotlesting rentals therefrom; the balance remaining, zf any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the ertiscence of such
<br />default, ittespeetive of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the-said A4ortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specii"ted in the Bond secured hereby as interest. and principal onsaid-town, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay alt taxes and assessments levied against said premises sad on this Aiartgagt
<br />and the Bond secured titercby, txfarc delinquency; furnish approved insurance upon the buildings thereon in the sum of g22, 5DD. DO payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand a}l.monty by i*, paid far such taxes, assessments and insurance-wiElt interest at
<br />the maximum legal roc: ttarreor. from date of pavmtnt elf of which Meet~xgar hereby egress to pay; permit no waste unsaid preinises;keap urd comply
<br />with aB the agreements and conditions of the 3iond for S 22, 5DD DD this day given by the said Mortgagor to saint ASSOCIATION, and comply
<br />with aL' the requieements of the Constitution and By-Laws of said ASSOCIATION; then these presents shat! become null and void, otherwise they
<br />shall remain in full farce and tnay be foreclosed at the option of the said ASSOCIATION after failtur for three months to make arty of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and wmpty with the agreements and conditions of said bond;
<br />and Alor•,gagor agrtex to have a receiver appointed forthwith in such foreclosure proceedings.
<br />if there is am change in ownership of the teat estate mortgaged herein, by sale or otherwise, then the entire remaining itulsbtedness hereby
<br />secured shaft, at the option of The Equitable Building and Loan Association of Grand Is1and,Nebraska,beeome immediately due attd payahk wittrout
<br />further notice, and the amount remaining drte under said bond, attd any other bond for any additional advances made thereunt~r, shad, from the
<br />date of exercrse of ssid option, bear ?£ttersst at the maximum legal rate, attd this rttartgage -may thin be foreclosed to satisfy the amatmf due an saw
<br />bond, and any ether bond for additional advances, together with art sates paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska For itsurance, texts and assessments, and abstracting extension charges, with interest thereon, from date of payment at the rtmxitrturrt
<br />Itgat refs.
<br />As pratidtd in the Band secured hereby, while this mortgage remains in effect the tttortgagee may hereafter advarue additional stuns to the.
<br />a~-leers of Bond, their assig+ls.or strccesrovs in interest, which sums L:il ire within the ~curity of this mortgage the saint as the fiends origina3ly
<br />secured thereby, the total amount of principal debt not to exceed at any Tune the original amount of this mortgage.
<br />f~xied this 6th day of Decelber A. D., t9 7$
<br />Timothy L. D n ~ ,.
<br />+~ "
<br />~e 1 ?y i~. I~,~I#n
<br />STATE,. (3F NEBRASKA, w. pn tlux 6th: ~Y of December I9 78 ,before rrte,
<br />e~u~rY pr I~A1.
<br />theandetsiFated,a andtorsaidCduafy,,per~nally~
<br />Tialathy L_ Dlarin ZrIfI Kelly M: Dunn, .-'
<br />each in.his and filer tnarrl right and as spouse of each stir, who are. persorrallyiutatrnto
<br />t~ robe the identltad ptrsart S whose nettle S +#Pt affixed to the-above ~ rumeat as goz s -and they .severalty
<br />a:krtawle~~d tl>v saki ir~trursert Yo be tiles r vtrivntary set axd .
<br />'~TTNFSS'my haadandNotariui dal the date atattsald.
<br />My Cotnnri~ian expires
<br />r
<br />No ubiie
<br />s-tsstttt 1~iPfRAtAlYtt~~tYata
<br />~?ox r~. a>=a
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