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7~-~~!~~3~ 13
<br />\tOI2TGAGi:
<br />MORTGAt=E LOAN NO. L X3,320 _~
<br />~~4wALL~~i:NS~:rI~s~Prt€s~N~s:That Jack P. Chavez at~d Charlotte S. Chavez, eaoh in his
<br />and bar ~afn rinht and a5 c^rs'LrS° ~f eaC~: "t~:er
<br />- Aortgagor, whether one or mota,tn consideration of the sum of
<br />Thirty Two Thousand Eight Hundred Fifty and Nta1100---------------------------------ecrLLAits
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 32$ shares of stock of
<br />said ASSOCIATION, Certificate No. L 2$,32(} H~IC do hereby grant, convey and mortgage unto the said ASSOCIATION the foltawing
<br />described real estate, situated m Bali County, Nebzastta:
<br />LOT FOUR {4) IN BLOCS ELEVEN {11), IPl CHARLES WASHER`S
<br />ADDITION TO 7HE CITY OF GR1tND ISLAND, HALL COUTNY, NEBRASKA.
<br />together with aft the tenements, hereditaments and appurtenances thereunto be}anging, inc}uding attached flaor sovetitrgs, all window screons,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning,and plumbing and water equipment and accessarios thereta,pumps,staves,
<br />refrigerators, and other fixtures and equipmt..t now or hereafter attached to or used in connectian with mid real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shz and will pay all taxes and assessatcats irvied or
<br />assossed apon said premises and span iltis mortgage and the bond se,;ured thereby hefaro the same shat hocame delinquent; to ftatttisit :~pgraved
<br />insurance opon the buildings on card premises situated3rt the sum of S 32,$50. DO payable to said -a,.r"c,OCIATION and to delivtt to said
<br />ASSOCIATION the policies for said insutanc~; and not to commit or permit any waste on nr about said premises;
<br />Ir. ease of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the martgaget shall,
<br />on demand, be entitled to immediate possession of the mortgaged pretrdses and the rnurigagor hereby assigns, transfers and xis otxr to the
<br />morigagae all the rents, revenues and income to be derived from the mortgaged premises during suel*. thtte as the mortgage indebtedness shalt remain
<br />„^pa:3; and t,^,° °^N t~sgea °hsll hate the r:..w°• to appoint °ny y~:zi ar amts :i -;y drirz r--the pr.,yos~ of rr`pairi_ng said prs~rnisas arrd retiring
<br />thr same artd collecting the reins, revenues and income, and it may pay ouY of said income allexpenses of repairing said premises and necessity
<br />mmmissians and expenses incurred in renting and managing the satire and of collecting totals therefrom; iris balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exerci~d at any time daring the existeatx of ptctt -
<br />default, irrespecfire of env temporary waivor of the same. -
<br />These Presents, however, a:e apon the Condition, 7`hat it'the said mortgagor shall repay said [sera an or before the maturity of said:shares try -
<br />payment; pay monihfy to mid ASSOCIATION of the sum specified in the Bond secured hereby as interest and pxineipat an said lean. auai lseforC
<br />th e Twentieth day- of each and every month, until said Leanrs fuSy {raid ~ pay all taxes and assessments levied against sad pretttises and an this Moitgage- - _
<br />sad rite tlr±nd ~curod thereby, hefare delinquency; ftlrni°-it 3pp* ,r^~ iu~+tance !span *_he building3 thercan in ilia sum. of $ 32,E5D, $~ pag~atle -
<br />to said ASStxiAT14N; rep;ty to said ASSOCIATION upon demand ail mangy by it paid for such taxes, assessments and insurance with Merest at -
<br />t'ro maximum logal rata thereon from date of payment all of wi±ich Mortgagor hereby agrees to pay; permit no waste on said premises;keep and t»mply -
<br />w@th all ;he agreemonts and eorditians of the Sond for 5 32 $~Ct. ~D this day given by th:. said Mortgagor to said ASSt3CIATIt3N, and comply
<br />with all the requirements oC the Constitution and Bylaws otz said ASSOCIATION; thou these presents shall become null and void, otherwise-they -
<br />shali remain in furl farce and may be foreclosed at the option of the said ASSOCIATION slier failure for three months to make any of said
<br />payments or be three months itt aneazs in making said month}y° payments, os io keep and rnmply with the agreementsand conditions of said;iond: -
<br />and Mortgagor agrees to hzve a reccin:r appointed forthwith in such Foreclosure proceedings.
<br />Il there is any change in ownership of rho real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness F.aretsy
<br />secured shall, at the option of Tfte Equitable &uHding and Loan Associatitn of Grand Island,Sehraska,become immediately due and gayattk without
<br />ftuther native, and the amount remaining doe raider said bond, and any other bond for any additional advances made thereunder, shalt, from the
<br />date of exercise of said option, bear interest at the rraximum Iegai rato, and this mortgage may then a< foreclosed to satisfy the amount due oft said
<br />bond,and ary arbor ltaad far addiiio,-ial adrokncds, iaeo4~r with ail sums paid by said Tho F.gtrStabk Building and Lean A~ostation of Grand island,
<br />Nebraska for hlsurance, taxes and assessntenzs, and abstracting extension charges, with interest thereon, from date of payrtrent at rite inaxitntrat
<br />legal rate.
<br />Aa proritled in the Bond socured hereby, while this mortgxg.: remains in effect the mortgagee rosy hereafter advance additional sutras to the -
<br />-.-~ ntaEters of said Sond, dteir assigtzs or succeswrs in interest, which sums shalt b2 within the socurity of this mortgage the same as the funds originally
<br />-secured thereby, the total amount of principal debt not to ext:eed at any time [he original amount of this mortgage.
<br />Dated t! is gt ~ day of December A. D., t9J$
<br />t '"~'
<br />'s-~-r r
<br />c~ ~z ~~t l~_
<br />~ ~t v~
<br />STATE dF NEBRASKA, ~ -~ Ott this 21st day of DecEmber l9 ~$ ,before me,
<br />CCitINTY OF IiALt,
<br />Ylte undersigned, a Notary.Pub&c in sad far said County, perstrnatlyramc
<br />,7ack,P, Chav~a and Gharlot$~ S. Chavez,-each in his and ..".er 3wn rim-and ass u f
<br />ea+c~l lather are P~$tr~y lQnawn ca
<br />trtc to lie the ideatitzrl germn S whose name 5 are affixed m th®abo at as mortgagor S and they severally
<br />aaknowkdged the said instntmart io 6e t}Fe i ~ mtuntary act and decd.~'~~~ ~~ ~-`
<br />- i7lTtr'F.~^u,S rn}° hand grid-Notarial Seal Yha dale afaresald. -- >'
<br />m y Cotmnission exgires -~
<br />s_t.s~ to ~ ._ {.~- Notary Publ s
<br />~'-~"~`/~ ~•- _ y OENEiiJEt NOTARY • Stele of IVettr.
<br />JAME5 'vV. Ol.SON
<br />Ply Comm. fzp. Nov. i?.1979
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