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<br />MoRTCACE _ _ _ _
<br />MORTGAGE LOAN NO. L 23395
<br />IQJOWALLMENBYTIiESEPRESENTS:That David K. Brison and Carol J. Brison, each in his and
<br />her own right and as spouse of each other,
<br />Mortgagor, whether one o: more, in consideration of the sum of
<br />_ Nine Thousand and No/]00-----°--------------------------------------------------DOLLARS
<br />loaned to said mortgagor 6y The Equitable Building and Luan Association of Grand Island, Nebraska, Mortgagee, upon 90 shares of stock of
<br />said ASSOCIATION, Certificate No. L23345 , du hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Nall County. Nebraska:
<br />LOT TWENTY-ONE (21? WESTERN HEI6FITS
<br />SUBDIVISION, IN HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached Moor wverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and acttssories thereto, pumps stoves,
<br />refrigerators, and other fixtures and equipment now ur hereafter attached to or used in connection with said real estate.
<br />And wfiereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay alt taxes and asxs~nents kvied or
<br />as~ssed upon said pamises and upon this mortgage and the bond secuced thereb ~ before the same shall become delinquent; to furnish approved
<br />inswance upon the buildings on said premises situated in the sum of $ 4,ODD. Q~ payable to said ASSOCIATION and to deliver to said
<br />ASSOCIA'f10N the policizs for said insurance: and nrx to commit or permit any wash on ur alwut said premises:
<br />In case of default in the performance of any of the terms and conditions ut this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled w immediate possession of the mortgaged premises and the mortgagor hereby assigns, [rantters and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premiu; during such time as the mortgage indebtedness shat 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 premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expanses of repairing said premises and necessary
<br />wmmissions and expanses incurred in renting and managing the same and of collecting rentals therefrom; tfie balance rettuining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; chase rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of env temporary waivsr of the same.
<br />Thz~ Fresants, howei~ee, are upon the Condition, That if thz said Mortgagor shalt repay said loan on or t+afura the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in rho Bond secured hereby° as interest and prittcipel on said loan, on or before
<br />the fiwantleth day of each and every month, omit said loan is fully paid; pay all taxis and assessments levied against said premises and on this Mortgttga
<br />and the Bond szsured therapy, 6efota dehnquancy; furnish approved insurances upon the buildings thereon in the xum of S ~, QQQ. QQ ~yabk
<br />to said ASSf3t'tATtON: repay to sail ASSOC. IATION upon demand all money by it paid f_r ,tteh taxes. as~ssrnents aai insriraa ~ witch Tatar at
<br />the tttsximum Iagai rata thereon arum date of payment aft of which Mortgagor hereby agrees to pay; penttit na waste an said premises;keep and comply
<br />with alt the agreatnants and conditions of the Ruud cur S 4 OQO. QQ [his day given by the said uuriga~tur !u said ASSOCIATION, arui rxrraPl"~"
<br />with all th+: raquitements of the Cunslituiton and 8y-Laws oaf said ASSOCIATION; than these presents shalt become null and void, rrtheiwixe they
<br />shall remain in full force and may be furoclosed at the optiu:t of the said ASSOCIATION after Iailure for three ntunths to make any of said
<br />payments or be thra months in arrears in rttaking said monthly payments, oc to keep artd comply with the agcaenxats and condi[iuns of said Bursd;
<br />and Mortgagor agrees to have a receiver uppointed forthwith in xuch foreciuxure proceedings.
<br />If there is any cl>ingr in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire retruirtitgt indebtedness Iroreby
<br />secured shall, at the option of Tha Equitable Buildutg and Luan Association ul' Gram! tsland,Nrbraska,become immediately due and payable withunt
<br />ituther notice, and the amount remaining due under said bond, and an} usher bond for any additional advances made thereunder, shall, t'rwtt the
<br />dale of exercise u(said option, bear interest at the maximum legal ratr, and this murtdsge nwy then rte foreciuxd to satisfy the atrruuat due un said
<br />bond,and any other bond tar additional advances, together with all sutnx paid by said The F;yuitsbk auildirtg and Lose Axociati~ut oi(:,rand laland,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest [herecm, from tiara of pa}°rnant at lira msrtimum
<br />kgai rate.
<br />As pravidod in the Bond secured hereby, while this murtgsgr remains to effect the nwrtgtrget Wray hereafter advance additional sums to the
<br />makarx of ssitl Bund, their assigns ur successors tr. interact, which sums shall he within the security ul' this mortgage the Santa as the t'unds originally
<br />hereby, t -total amount of irrincipal debt mrt to sxeaed al env time the urtgtnal arresunt of this mortgage.
<br />~eath'_ ,~ `. w~ .. April A n.I'?74
<br />t
<br />Y r sal ,
<br />aro icon
<br />SfAT~ OF N6BRASICA, ~ ss. On this 14th der of Apri 1 174 . before trte,
<br />COUNTY OF FlALL
<br />Qavi d K. 6i"~80n and Carol J . Bri SOW, the undersigned, s Notary lruklic bs and for said County, persunaily canx
<br />cacti in his and her avn right and as spouse of each other, `woo are perwnallyknownw
<br />me to 6a the identieai perwnS whose nameg are affixed to rite above instrument as mortgsgot$ and they severalty
<br />ttdtnowledgad the said btstrtstttent to be their wiuntary act sod dad. ?
<br />tiaiTi~tFSB ally harm and NotarW Seal the date aforesaid. ,e''
<br />BOi€tElili~[AgY-EtatsattAs~3sb ='~~__~-~---~` ~ E`'' ~L =-
<br />!~ JOY lei. $€AZL€Y- --~ ~ - - ,t -- btotrry~ FU 3~~~
<br />aa•ass xt f
<br />MY Comm. FxG• Sapt. i. 1981'
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