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<br />MORTGAGE
<br />MORTGAGE LOAN NO. L Z338O
<br />KNOW ALL MEN BY THESE PRESENTS: That Kenneth L. Mare and Sandra K. Mare, 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 />Sixty Thousand and No/100--------------------------------------------------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 600 shares of stock of
<br />said ASSOCIATION, Certificate No. L 233BD , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />drs_ribed real estate, situated in HaU County, Nebraska:
<br />LOT THREE (3) WOLFE`S THIRD SUBDIVISION, IN THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto beiongrng. including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and acaswries thettto, pumps,stoves,
<br />refrigerators, and other fixtures and egtupment noe- or hereafter attached tour used in connection with said real estate.
<br />And whereas [he said mortgagor has agreed and does hereby agree that der mortgagor shall artd will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond xcured thereby before the same shall become delinquent: to furnish approved
<br />insurant~e upon the buildings on said premises situated in-the sum of S 6D , 000, OD payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and nut to commit or permit any waste un or about saM pmmixs;
<br />In case of default in the performance of any of the terms and wnditions of this mortgage or the bond secured hereby, the mortgages shall,
<br />on demand, br entitled [o immediate possession of the mortgaged premises and the mortgagor i,ereby assigns, transt"rrs and sits over to the
<br />rnurtgagee all the rents, revenues and incomr to be derived from the mortgaged promises during such time as the murtgags indebtxdness shat{ remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire Ibr [he purpose of repairing said premises and renting
<br />tht same and collecting the rents, revenues and income, and ii may pay out ut` said incomr s!I expenses of repairing said premises and rtrt%3sary
<br />commissions and expenxs incmrcd in renting and managing the same xnd of collecting rentals therefrom: the balanre remaining, if any, to bt
<br />applied toward the discharge .,i said rtwrtgagt ixrdehtedntss; thex rights of the mortgagee may be exercised at any lilac during the existence ei such
<br />default, irrespective of any temprttary waiver of the Santa
<br />Thex Presents, hawevrr, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />paytneat; pay monthly to said ASSt}c'IATION of the sure spehtied in the Bund secured hereby as interest and principal on said loan, on or brfocr
<br />the Twentieth day at each aad t?vrrv rz'antre, unt.i lard loan is fully paid; Pay ail taxes and assessments Iry~ied against said pr€miars artd an this Mortga~
<br />and the Br?ttd .n urn:t th.•teby.. h;'!f~rr =+s!:nqur^.~y; furnish apprr•vtd dnsurance npon the buildings thereon to the sum of'f 50, 0~. 00 ,~.yatsk
<br />to said ASSOCIATION; repay try sasd .;SSOCIAT1f1N upon demand all :nuney by it peed fur su; h taxes, assessrnrnrs and insurancY with interest at
<br />the maximum I:gai rat: sttere~n ft~=r: veer :tr pa` "+"^t aii ~~:° which Mettgagur !trreby agrees to pay; permit Stu waste un said prrrnixs; keep at±d cempry'
<br />with alI the agrrrmsnts and ccindltiaans of the ~tnd for ~ 6D,DO0.00 this lay given by the said Aiartgagor to said Pl3SCKfAT?C7N, and cxtmply
<br />with all the requirements of the Comtiwcian and Bylaws ot'said ASSOCIATION; then these presents shall become null and void, utherwix Shay
<br />shall rcttmin in t'utl forty and may br faredusrd at eht option uC the said ASSOCIATION al'trr failure for three months to ntakr any or said
<br />paytnants ar be there nxtnths in arrears m makttrg said rnonth!y paynunu, or to keep, and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver aplxunttd Forthwith ut such furrelosinr prucrediugs.
<br />tf there is env vhangr io nw~:ship of the real estate mortgaged herein, t±y salt ur utherwiss, then the entire remaining indebtadrteas hereby
<br />xcured shall, st the option of The Egwtabk Building and Wart Aswcwtion uC f;rand Island, Nebraska, become hunwJia[ely due and payable without
<br />turkher noti+z, and the arruttutt rerrtaining due under said hand, and any other bond for any additional advanen made thereunder, shall, t'rom the
<br />date of exercise of aaW apiian, ttatsr interest at the maxim><m legal rate, and this mangnge may then br 1'orrclosed to satisfy the amount due on said
<br />bond, and any other bond far additranad advsnzes, ta~eCher with all rums paid Sty said The Equitable Bulldittg and Luau Association of Gta»d Island,
<br />Nebraska far inwrante, taxes and assessrrtrms, xndGabstncsbtg extension charges, with interest thereon, from date of payment at the maximum
<br />legairate.
<br />As rovidod Irv the Borui secured hemby, while thix mortgagr remains in effect the mortgagee may hereafter advance additional sums to the
<br />trtakers uF said $artd, chair amens at stnensastrs let intrust, wht4h sums shall br within the security ul this mortgage the satrtr as the funds originally
<br />xcured thereby, the fatal amount [tf principal debt nut to rxcxd at any time the original anwunt uF this nturtgagt.
<br />Dntea thu 2nd or Apri i A- ~., l~r 79
<br />~- ~~$ -
<br />'Sandra K. Marat
<br />STAT>r QE N11~RASlCA, ~ ta. On this 2nd say or Apri 1 tv 79 , before mr,
<br />COUNTY OP' FIALL
<br />the andersigrted, a Notary Public ire sad fur said County, ptrutnally c~attte
<br />Kenneth L... Mare and Sandra K. Marta, each in his and her own righ~,hand as sp~4~or~alt}~tt~r~t~ttt
<br />ol;her are
<br />rtlr! to ba the idrnticai parson $ whose rtama 5 are arlixad to the above instrtutwitf as murt~agor and they severally
<br />adtrtowkdged the said insirurtront to be their wltwtary act and dead.
<br />INtTPIf my hand and Notarial bra! t_he deer ar'urasatd.
<br />My Commissian rxpi:rs a ,. 1..-- ~
<br />64.aM at 4E~19~i _- zn -. ,.~rimaa ~ -
<br />'r t~' tai to Ei ..s. ~ ! _.` -
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