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<br />s~3~ ~=t~~~ :~i3
<br />MORTGAGE
<br />MORTGAGE LOAN NO- _ L 23 ~ 321
<br />ititiO~' ALL MEN ny THESE P'2ESENTS: That Duane A. Bur n5 and Jatgilel i ne v. uurns , each 1 n t11 S
<br />and her ot~n right and as spouse of each other
<br />---Mortgagor, whether one or more+in consideration of the sum of
<br />Thirty Five Thousand and No/iOO-----°----------- naLLARs
<br />toasted to said mortgagor by The Equitable Building and Lean Association of Grand Island, Nebraska, Morigagse, upon 3~0 shares of rtvek of
<br />said P.SSOCIATION, Certifseate Na. L 23,321 , do hereby grant, aznvey and mortgage unto the said ASSOCIATION cite following
<br />described real estate, situated in Hall County, Nebraska:
<br />L07 TWENTY-TWO (2?} BLOCK TWO (2) BRENTWOOD
<br />SUBDIVISION IN THE CITY OF GRAPlD ISLAND, HALL
<br />COUPlTY, NEBRASKA.
<br />togethec with all the tenements, hereditaments and appurtenances [hereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm wittdaws, awnings. heating, alt conditioning, and plumbing and water equipment and accessories thereto, pumps stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and w71I pay alt taxes aced assesstmnts 1€vied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the Mme sha4 become delinquent; io furnish approved
<br />insurance upon the buildings an said premises situated in the sum of S 35 ,ODO. QQ payabx to said ASSOCLAiION aced to detivec to said
<br />P.SSOC[ATTON the policies for said vtsurance; and net-to cc:mmit er permit arty waste en ar about said premises;
<br />In case of default ir. 2hC performance of ens of the ±erttts and conditions of eerie marigagc er rt,e bond ~. Wired h.^,reb}., else martga~ na,'I
<br />on demand, be entieled to immearate pos~ssion of the mortgaged premises and the TMTM^rtgagor heroby assigns, transfers and sets over [a the
<br />mortgagee all [he rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall rtrrrain
<br />unpaid: arod the mortgagee shall have the Dower to appoint any agent or agents it may desire for the purpose of ropairiag said premises and renting
<br />the sane and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said prerrrises and neixssary
<br />eomsnissims and expen~s inrarred in renting and rnanagir,t the same and of collecting rentals Uherefrom; the balance retaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercistd at any time during the existeittx of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the matwity of said shares by
<br />pa}intent; pay ntonthty to said ASS~iATION of the sum spesYFed in the s~,na secured hereby as interest and print-iy tt an said loan, an ar befam
<br />the Twentieth day of each and every month, until said loan is f:tfly paid: pay all taxes and assessments levied against said premises and on this Mortgage
<br />and fhe Sand secured thereby, before delinquency: furnish apprmed insurance upon the buildings thereon in the Burn of S 35, OOO. {~ payable
<br />to said ASSOCLAilON: repay Io said ASS~IATIO*; upon demand all money by it paid for such taxes, assessments and insurance with Interest at
<br />the maximum legal rate thereon ,"tam date of payment ail of which Mortgagor hereby agrees to pay; perrttii no waste on said premises; keep and aamply
<br />with alt the a~eements and conditions of the Bond for c 35 f3QQ, QQ t^;=. day given bv' the said Irtarigagor to said isSSQCIATION, and comply
<br />with all the requirertten#s of the Consti#ution and By-Laws ofFSaid ASSOCIATION: then these presents shall became null and void, ot,hetu~ise they
<br />shaft remain in full force and may be foreclosed at the option of the said ASSOCfATIflN after failure for three months to make anp of said
<br />payments or be three months in arrears in mek.ing said mantht}• payments, or to keep and comply with the agreernents acrd conditions of said Fond;
<br />and Mortgagor agrees to have a receiver appointed farthwittt in such foreclesttte proceedings. -
<br />If there is any change in ownership of the tea estate mortgaged herein, by sale ar otherwise, then tfte entire remaining indebtedness hereby
<br />secured shall, of the option of The Equitable Buildin¢ and Loan Association of Grand Islartd,'vebraska,beoame immediately due and payable without
<br />fu; t?-=er notice, and €he amount remaining due under sa;d band, and any other bond for any additional edvances ntada thettunder, shall, from the
<br />date of exercise of said agtion, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount d:u an said
<br />bond, and any other hand for additional advances, tagetltec with act sums paid by said The Equitable I#uihlvtg and Luan Association of fraad fsiatsd,
<br />Nebraska for insurance, ±axes and assessments, and abstracting extension charges, with interest thereon, from date of payment a# the maximum
<br />Legal rate.
<br />As provided iR €he Bond secured hereby, wf:i(e this marinage remains in effect the mortgagee may hereafter advance add:#ional surds to the
<br />makers of sand Bond, their assigns or successors in ineetest, which stuns shall ba within the security of this morgage the ;ame as the fttndsorigina[ly
<br />secured thereby, the total amount of principal debt not to exceed at any time t.re original amount of this mortgage.
<br />led this 27th da of December A. n., l~ 78
<br />ne - url~s
<br />JacG ialil~ J. owns
<br />sTAT~ ol: 2dEBRASKA,~ ~ on this 27tP1 nay of December I9 78 , before ~,
<br />enulaTx o~ 1?#LL
<br />the undersigned, a Notary Public In and for said County, personally pine
<br />Duarte A. Burns and Jacquc]ine J. Burns, each in his and her .own ri Pit and as spousQ 4gf
<br />eaCft :other ~„~.,,t ~"tie are ~~iiy known to
<br />the to be-the identieaLperson S whose-name 5 are afYlxed to the abase i;.strutttes.t as~rtgagat g and t¢I~y 5xveraliy
<br />acknowledged rite said insirurttent €o be th~7fi voltuttary act and deed. ~
<br />~~
<br />RITNES~ my hand and Notarial Seal the date aforesaid.
<br />My Commission expires ~ / / i .~~
<br />6Eg£RRt €1+~Td!tY - Biota of ifa~rassa ~}`_. ! ~ it~~ ~~.~-t ~-~`:~`
<br />s-t.zat ru
<br />JOY Ai. Lr'erZLE`! ~ ~f _ . ao P tc
<br />G'.y G~srun. fnp. SeGI, i, S9$l /~
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