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MORTGAGE _ _
<br />MORTGAGE LOAN NO. L 23363
<br />KNOW ALL RfEN BY THESE PRESENTS: That Duane L. Stetson and Jeanine L. Stetson , each i n his and
<br />her own right and as spouse of each other
<br />-Mortgagor whether one or more, in consideration of the sum of
<br />Twenty Six Thousand Eight Hundred and No1100------ -------- noLLARs
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska; Mortgagee, upon 268 shares of stock of
<br />said ASSOCIATION, Certifipte No. L23363 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT THIRTEEN (13} riND THE NORTH F_LEVEN (11) FEET
<br />OF LOT FIFTEEN (15) IN BLOCK TWENTY-FOUR (24) IN
<br />COLLEGE ADDITION TO WEST LAWN, AN ADDITION IN THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />- together with all the tenements, hereditamenES and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />- window shades, blinds, storm windows, awnings, heating, air conditioning,and p}umbing and water equipment and accessories thereto,pumps,stoves,
<br />refrigerators, and other fixtures and equipment now• or hereafter attached to er used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor s; all and will pay all taxes and asse~menzs levied or
<br />_ assessed upon said premises and upon xhis mortgage and the bond secured thereby before .ne same shall become delinquem; to ...-_-.,h approved
<br />insurance upon the buildings ~n said premises situated in the sum of S 25 860. ©C payable [o said ASSOCIATION and to deriver to said
<br />ASSOCIATION the policies for said insurance: and noi-to commit or permn'any waste an or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shag,
<br />- - on demand, be entitled ro immediate possession of the mortgaged prmises and the mangagor hereby assigns, transfers and sets over Eo the
<br />mortgagee all the rents, revenues a.^,d income to be derived from the mortgaged premises during such time as the mortga~ indebtedness shall remain
<br />_ unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said pretrtises and renting
<br />Lhe same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />- commissions and expanses incurred in renting and managing the same and of eolleei"vtg rentals therefrom; the balance remaining, iF any, io bt
<br />applied [award the discfiarge of said mortgage indebtedness; these rights of the mortgagee may be exerdsed at any time during the existence of such
<br />- _ defauif, izrespective of any temporary waiver of the same.
<br />Thex Presents, however, are upon the Condition, That if the said I.forfgagor shall repay said loan on ar before the tnaturity of said shares by
<br />- payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said Loan, on or before
<br />_ the Twentieth day of each and every month, until said lean is fully paid; pay all taxes and assessments levied against said premL<es and on this Mortgage
<br />and-the Bond secured thereby, before delinquency: furnish approved insurance upon the buildings thereon in the sum of 5 26,80- DD able
<br />_= to said ASSOCIATION: repay to said ASSOCIATION upon demand alt money by it paid for such taxes, assessments and insurance with intearest at
<br />the maximum }egal ratt thereon from date of payment alt of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and vrnpty
<br />- with all the agreements and canditians of the Bond for S 26,$00.00 this day given by the said }dortgagor fo said ASSOCIATION, and wmgly
<br />with all the requirements of the Cnnat±tutian and By-laws of said ASSOCIATION; then these presents shall became null and veld, otherwise they
<br />-shall remain in full feree and may be foreclosed at the option of the said ASSOCIATION after failure fee three months to make any of said
<br />payments or be three months in arrears ir, making said monthly payments, or to keep and comply with the agreements and cronditiars of said Bond;
<br />- - and Mortgagor agrees ro have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness herby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shag, from the
<br />date of exercise of said option, bear interns; at the maximum legal razz, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />- bond, and any other bond for additions! advances, together with all sums paid by said The Egtutable Building and Loan Association of Grand.Island,
<br />Nebraska far insurance, taxes and assessments, and abstracting exierzsion charges, with interest thereon, from date of payment at the maximum
<br />legal rate,
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advaice additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sum; shall be within the security of this mortgage the carne as the funds originally
<br />secured thereby, the total arrtouni of principal debt rat to exreed at any rim? the original amount of this mortgage.
<br />„naua:ft;: 19th a$y of 1~larch A. IJ., i4 ] j
<br />E}u__a_'ne.L~;,Stetso ~~---•'
<br />-Jenne L. Stetson
<br />SATE OF NEBRASKA, ~ ~. On this
<br />COU'NT'Y OF HALL 19th day of March 19 ]4 ,before me,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Duane L. Stetson and Jeanine L. Stetson, each in his and her own ri~ht and as spouse of
<br />each other w ° are personally known to
<br />me to be the identical person 5 whose names are affixed to the above ' t as mortgagor S and they severally
<br />adtnawtedged the said inserwnent Eo be their voluntary• act and dced.
<br />WETNESS my hand and Notarial Seal the date aforesaid. :~ ,
<br />Any Commission expires ,,~~ G ~ tf` G' ~!~ "'"'~
<br />/ Notary Public
<br />5-mast aI `%%~~!,~.~J. mar/ j ~~ 7~ GENERAL VOTARY .Stara of Nebr. I
<br />CG~ !r _ JAMES t7. ~,.lSON
<br />- ~ ~Y t•cmm. Exp. ticv. 12, 1974
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