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<br />P.IORTGAGE
<br />Maz~TG.aGE LOAti NO. X3394
<br />la+iow ALL MEN BY THESE PttESENTS: That Robert C. Happoid and Syi Y i a J . Happoi d , each i n hi s
<br />and her own right and as spouse of each other
<br />Mortgagor, whether one or more, in wnsideration of the sum of
<br />Twelve Thousand and No1100--------------------------------------------------------flotLAxs
<br />loaned to said mortgagor by The Equitable Building and Lvan Associative of Grand Island, Nebraska. Mortgagee, upon 12D shares of stock of
<br />said ASSOCIATION, Certificate No. L 23394 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />THE EASTERLY THIRTY-NINE AND ONE-HALF (39%z) FEET
<br />OF LOT EIGHT (8), IN BLOCK FIFTEEN (15), IN
<br />RUSSEL WHEELER'S ADDITION TO THE CITY OF GRAND
<br />ISLAND, NEBRASKA.
<br />together with alt the tenements, hereditaments and appurtenancxs thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning,and plumbing and water?,uipmentand 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 [he said mortgagor has agreed and dues hereby agree that the mortgagor shall and will pay all taxes and assessments leritd or
<br />asseued upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situa[ed.in the sum of S 12 , DDQ, OQ payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on 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 shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shag remain
<br />unpaid; and the mortgagee shat{ have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenus of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective ca any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said Ivan vn or before the maturity 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 loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinaue.^,cy; fumish apprvvcd insurance uoon the buildings thereon in [he sum of S j2 ~QQQ, Q(j payable
<br />to said ASS~IATION; repay to said ASSeJC1ATION upon demand al! mcmey by it paid fa; such taxes, assessments and insurance with interest at
<br />tl:e maximum legal rata therevn from date of paytner,t all of which Margagar heeehy agrees ro pay; permit nc~ waste ere said premises;keep and comply
<br />withaB the agreements and conditions of the Band fve S 12 ,D00, Da this day given by the said'viortgagor to said ASSOCIATION, and comply
<br />with a4 thr, requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months tv make any of said
<br />payments or be three months in arrears in making said monthly payments- or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to hoe:: a receiver appointed [orth..with in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then [he entire remaining indebtedness hereby
<br />secured shall, at the option vC 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 Cor any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extensive 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 advance additional Burns to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secttred thereby, the total amount of principal debt not to exceed at any tints the original amount of this mortgage.
<br />tea this `lt day of Apri 1 A. n., 19 79
<br />er .: a o _~°
<br />vIa po
<br />STATE OF NEBRASKA, ~ ss. On this 11th day of Apri 1
<br />COUNTY OF HALL
<br />19 79 ,before rne,
<br />the undersigned, a Notary Public in and for said County, ptrsonatly cattle
<br />Robert C. Happold and Sylvia J. Happold, each in his and her own riaght and as s~ol~s~ of
<br />edCh other w ° dre per n y nown to
<br />roe to be [Ile Identical petson$ whose names are affixed io the above instr nt as origagor g and they ~sr~verally
<br />acknow~dged the said instrument to be their voluntary act and deed. ~~~ ~~
<br />WIiNF.SS my hand and Nvtariat Seal the data aforesaid. , j / `_ ~~
<br />My Commission expires ,~ ~ !~i f
<br />~_
<br />_ =f ~. 4
<br />at ~ ~ ~ f Y , ~~` ~ 9 ~ Notar~ Public
<br />~Gt NfF.At NDTRRY - ;fate rt Nebt.
<br />JARtES tY ,~SCra
<br />My Ceram. C.B. Nov, 1, 1913
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