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<br />~`~-~-'- cs€~~~37
<br />1[3ORTGAGE
<br />MORTGAGE LOAN NO. L 233$I
<br />IINOWALLMENBYTHESEPRESENTS:That Dwaine L. Nelson and Cheryl L. Nelson, each in his
<br />and her own right and as spouse of each other
<br />------ Mortgagor, .vhether one or more, in consideration of the sum of
<br />Thirty Four Thousand and No/100------------- ---------------------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Lvan Association of Grand Island, Nebraska, 4lortgagee, upon 340 shares of stock of
<br />said ASSOCIATION, Certitira#e No. L~33$j , do hereby grant, convey and mortgage ur.io the said ASSOCIATION the following
<br />dexribed real estate, situated in hall County, Nebraska:
<br />LOT SIX (6) IN BLOCK SEVENTY EIGHT (78) IN W~IEELER
<br />AND BENNETT'S THIRD ADDITION TO TkE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appwtenances thereunto belonging, including attached float coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air 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 will pay all taxes and assessments levied or
<br />assessed upon said premises and apse this mortgage and the bond secured thereby before the same shall become delinquent to fwrlisit approved
<br />insurance upon the buildings on said premises situatedin the sum of $ 34,DDD. DD 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 mortgag:: 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 its over to the
<br />mortgagee all the cents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shag remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire fur 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 expenses of repairing said premises and necessary
<br />commissions and expenses htcurred in renting and managing the same and of collecting rentals therefrom: the 6slanx remaining, if any, to be
<br />ceppplied toward the dixharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, Irrespective of any rcmporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mvrrgaaor shall repay said lean on or before the matwity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and prindpal on said loan, on or bafom
<br />the Twentiethday of each and every month, until said loan is fully paid; pay all taxes and assessments tested against said premises and on *.his Mortgage
<br />and the Bond secured thereby, befvrt delinquency; famish approved insurance upon the bt:•Jdings therc~#; zt; the sum of 3 34 ,DOD. DD payable
<br />is said ,4SSOCIATION: repay to said ASSOCIATION upon demand all money br- ii paid for such cases, escssrncnts and instrrairee with interest at
<br />the mattimum legal rate thereon franc date of payment all of which Mvrtaa¢or htrehy aerate to pay; permit ruz waste on std pramisres; keep and comply
<br />sr:thall the agxeaments and ~ndztior~s of the Bend fit ~ $t~ (~(~(~ >h~is d_a4• giv=es ?+s• '~ '~~~~~rrr =3, .aid NATION, and cetttpl?%
<br />with all the requiremen[s of the Constitution and Bylaws of'sa-i~ -AIATION: tarn these presents shall become null and void, otherwise they
<br />shall remain in full forte and mny be fareclastd at the option of the said ASSOCIATION after failure far th!« months to make any of said
<br />payments or be throe months in arrears in making said monthly payments, or to kacp and comply with the agr«mnts and conditions of said Bond;
<br />aril Mortgagor agrees to have a receiver appointed forthwith in such f'orrehrsure ptacxedmgs.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale yr utherwix, then the entire remaining indebtedress heroby
<br />secured shall, at the option of The Equitable Building and Lvan Association of t::and tsiand,Nebrssks,became unmedistely due and payable without
<br />further notice, and the amount remaining due under said band, and am other bond far any additional advaltc<s 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 dot on sold
<br />bond,and any other bond for additional advances, together with all sums paid by said The Equitable Building and Lean Association of Grand island,
<br />Nebraska for insurance, texts and assessments, and abstracting exunsivn charges, with interest thereon, from date of payment at the maximum
<br />Itga! rate.
<br />As rovidad in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />rnaken of said Bond, their assigns or succtssvrs in interest, which sums shall bt within the security of this mortgage the same as the funds originally
<br />sacwad thereby, the total amount of principal debt nut tv exceed at any time the original amount of this mortgage.
<br />- nand this 2nd ~y ac Apri 1 A. n., l4 79
<br />~~
<br />a'ne L. Ne .,
<br />,_ ~ ~
<br />ry £ . Ne son
<br />~~ ~ PIEBli`1SIEA' as. - On this 2nd day of Apri i 14 7g ,before me,
<br />GQIINI'Y pF }IALL.~
<br />the undersigned, a Notary Public in and for said County, personally pme
<br />93f~aine L. Nelstyn and Cheryl L. Nelson, each in his and her pwr}-t'ig~i~taand as spo~Un~y~~awnta
<br />each other- 1 • are t~
<br />the to ba the identical persons whose names dre affixed to the above instrument as mo~gagor 5 and they severally
<br />adtftotvledged the said instrument to be their voluntary act and d«d.
<br />WITNESS my hand and Nataria! Seal iht data aforesaid.
<br />My Co 'on ax ires -}- .¢-~ % - ~) `? ~ 1 ('
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