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79-r~ ~.~ .~ ~ 41
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L23 373
<br />KNOW ALL MEN BY THESE PRESENTS:7hat James P. Powell and Elaine K. Paweli, each in his and
<br />and her own right and as spouse of each other
<br />Mortgagor, whether one or more, in wnsideration of the sum of
<br />Thirty-One Thousand Nine Hundred and No/100-----------------°--------------------- ooLtARs
<br />knantd to said mortgagor by Thr Eauitabk Building and Loan Association of Grand Island, Nebraska. Mortgagee, upon 319 shares of stock of
<br />said ASSOCIATION, Certificate No. L 23.373 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foUuwirtg
<br />described real estate, situated in Hall Coun[y, Nebraska:
<br />FRACTIONAL LOT TEN (10), IN FRACTIONAL BLOCK
<br />TWENTY-ONE (21), IN FAIRVIEW PARK ADDITION TO THE
<br />CITY OF GRAND ISLAND, NEBRASKA AND ITS COMPLEMENT,
<br />FRACTIONAL LOT TEN (i0), IN FRACTIONAL BLOCK SIX (6)
<br />IN WALLICHS' ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hrreditatrrents and appssneztsners thereunto belonging. including attached floor coterings, all window screens,
<br />svirtdcp shades, blinds, storm windows, awnings. heat;ng, air conditioning, and plumbing and water egr:iprrtent and accessories thereoo, pumps, stoves,
<br />tefri~rators, and oifres ftxxures and equipment now or heresfter a*,tacited to or used in connection with said real estate.
<br />And whereas the said tttongagor teas agru3 and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this rnongage and the bond secured thereby before the same shaSf become delinquent: to furnish approved
<br />imurancr upon tbt burldirtgs on said premises situated in the sum of 5 31,9DD. OD payable to said ASSOCL4T10N and to deduce to cats!
<br />ASSOCIATfO.~ the policies far said insurance: and not to commit or perntit any waste on or about said prtrnises:
<br />In ease of default i;t the periarrrtance of say of the terms and conditions of etas tnorigage or the bond secured hereby, the tttortgsgee shall,
<br />are detrrsnd, be entitled to imrrredsate possession of the mort¢aged premises and the rnorigagor hereby assigns, transfers and sits over to the
<br />trortgagee all rite rtau. revenues and inwme to bt derived from the rzrortgaged premises during such [unc as the murtgagt indebtedness shall rcrnain
<br />tmsytd: and the mort.gaget shall have the power to appoint any agent ar agrnu it may decree far the purpose of repairing said premises oral rcmtiog
<br />the same aad coBtaing the rents, rrventses oral income. and it rnaY PaY out of said income aiI cxpetrses of repairrtg card ptttnises and ttecessa[y
<br />aoaramissions aad expenses incurred itt rearing and managing the same and of collettirtg ren[sls thercirom; the balance rcrrainitig, if any, to tx
<br />apylied toward the discharge of said nwrteagr indebtedness: these righu of the ntortgagte may be txerarcd a[ any time 3tuing tfte existenrt of such
<br />default, irrespective of any rcmparan• waiver ai the satrre.
<br />These Presenu. aowmr, are upon the Canditian, 7;tat ifi t}se said Mortgagor shall repay said loan or. or before the maturity of said charts b}'
<br />pa}mtnt: pay mwtt}d}- to mid ASSflC1ATION of the sum sperifud in the Bond xcurrd hereby as znurtst and principal on said loan, on or before
<br />the Tweattiet}r da} of tarlr and csrry trtanth, tuttu said kaan is fitlh• paid: pay ail taxes and assessments ictitd ttgainsr said premises and as thu ~iorigage
<br />anti the Bond stx7trrtd titereb}',before detinqutm.'}-. furnish approved insurance open the buildiags thereon in [he sum at' S 31,900.00 payable
<br />to raw ASS~IATi^v.'~.~; ;cps}' to ~ ASSOCL4TION upon denasnd at1 money by n paid for sua3t ta°.ts, assessments and insurance with attest at
<br />the maximum legal rate thereon from doer of payrntnt at of which 44origager txrebs agrees ra pay: permit rm wasu on said prerrrises; keep and comply
<br />nrtlr ail the agree:ncats aad conditions of the Bond far S 31,9Di1. ~ this da}' green ft} rite sail Mangsgar to said ASSOCIATION, and comply
<br />with all tht regturemrnts of the Carutitution and B}'-Laval of said ASSOCIATION: then these prtarnrs shall btinrne null and vxtid, otherwise they
<br />shag :rmam ifl full faro and may be foreclosed at the option of the said ASSOCIATION atttr faduze far three months to make any of said
<br />p» ~atents rx bt three rtrunths ar arrears m maicatg said trtamthly pa}~mcnis, ur to keep and :ample wjth the agrttrtrtnts and vnditions of coat Bond;
<br />and tdortgt~iar sgrees to have e rex»rr appointed fonha7th w suit farcckxwe prtxudir~s-
<br />If t#,trt is as}' change tn+tw'nership of the rn3 testate rttorigaged herein, br sale or otherwise. then the entire remaining indebtedntss hertbY
<br />sneused shat, at the optiem of Tfte Eauitabk BurTdatg and Loan Arsxiatiaa of Grsml Istand,Nebraska,betxime ittwediately due and payable without
<br />futthes ttoiioe, and the anxxztt reataaiatg drys uarkr said boa+i. and any other baud fat any additional advan,^es tnadt thtrcttadtr, shaII, from the
<br />date of ritt.r~se of said option, bar inttren at the rtsaxirnrnn kga9 rate. sod this mortgage may then be forrdosed to satisfy [rte atntrrm! dot on said
<br />bond,amd any othex bond fm additional sdvartrx~s. together wub all sums paid b} cud Tix Egttitabk Building arsd Laan Asta.;atiaa c. Grand lilxnd,
<br />'+kbtaa;:a f~ i~tuanx, taxes artd assessmtrtu, and abstractiaE extettSaa clsvges, witfi interest thereon, from date et` payment a[ rite maximum
<br />~ rate,
<br />As paovided at the Bu~+d seeurc3 hereby. witiie this rnarttn~ rtmairtx s rifert tJte tnortgaget may hereafter advantt additional sums to the
<br />maktas od said Bond, tlxa assns ar sac.-rsscus in attrresa, which starts shag bt w9thitt t}u secttnty of this coo:tgage the sent u the funds originaBY
<br />seemed thereby, the rota -t of printzpni debt rear to rzctcd at any time the original aawzmt of this ntor[gttge.
<br />~`t?ared rtrui~ day of March A. D., 14 79
<br />c,~.°x
<br />_~~,
<br />flaioe K. Fa+eil
<br />STALE r7E NIr~liSGl, ~ On thia 29th. daY of March 19 79 , before cot,
<br />r~eltntrs' c~ t~it.f.
<br />the ~, a Aiotary Public in and foi said Couary, perwmBy came
<br />James P. Powell and Elaine K. Powell, each in his and her awn righ ~ndare sp&t( ec,fk e~O
<br />other
<br />ate ~ be the itkatid peaxm6 v3suar same 5 are affixed w the abtsvt iastrumrat yfm`~artgago and they seversllY
<br />i
<br />admaartadgad alto raid imetmoaat to be their volaat+ry act asd deed.
<br />MTN1FaSS mY baod and Irfaaariat seal cot date aforesaid.
<br />-+y caar~na eta //
<br />iES~! RCIrvY ~ ,! r ea ` j "rotary u
<br />ct-tar at ~ ~`~ ,f n ~ r
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