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79- v 1131 s7
<br />MORTGAGE __
<br />MORTGAGE LOAN NO. L 23431
<br />KNOW ALL MEN BY THESE PRESENTS:That Charles F. Lange and Colleen E. Lange, each in his and
<br />her awn right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty Eight Thousand Eight Hundred and No/100------_ -------------------------- DOLLARS
<br />loaned to said mortgagor by The Equi[able Building and Loan Association of (rand Island, Nebraska, Mortgagee, upon $$$ shares of stock of
<br />chid ASSOCIATION, Certificate No. L 23431 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described ceai estate, situated in Hall County, Nebraska:
<br />LOT FIVE (5) IN BLOCK FOURTEEN (14)
<br />IN SCARFF'S ADDITION TO WEST LAWN IN
<br />GRAND ISLAND, NEBRASKA.
<br />together with aB the tentmenu, herediiaments sad appurtenances thereunto belonging, including attached floor coverings, aB window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessorits thereto, pumps,stoves,
<br />refrigerata[s, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate,
<br />Attd whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessr~siu Levied of
<br />assessed upon said premises and upon ibis mortgage and the bond secured thereby before the same shall become deLnqueat; to furnish approved
<br />iriswance upon iht buildings on said premises situated in the sum of S 38,$DD. DO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION tilt policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In cast of dtfauft in the performsace of any of the terms and rnnditions of this mortgage ar the bond secured hereby, the mortgagce ahaB,
<br />on demand, be rntitkd to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers artd sou over to the
<br />trwrtga~e aB t}~ rents, revenues and inGOate to be derived from the mortgaged premises during such time as the mortgage indebtedness shall ratnain
<br />unpaid; avd tite mortgagee shall leave the power to appoint any agent ar agent, it may desire for the purpose of repaitirtg said premiwes and renting
<br />the setae and collecting the rrnu, reetritses seed inmmt, and it may pay out of said income aB expenses of repairing said promises a~ neassaty
<br />crsmasssioos and etpenses incurred in renting and managing the same and of rnllectirig rentals therefrom; the balance remaining, if any, to be
<br />tewatd the discharge of said mortgage indebtedness; these rights of the mcrtgagce may bt exercised at any time during Ute existence of such
<br />~, ittespectivt of any temporary waiver of the cams.
<br />These Presents, Imwtitr, are upon flu- Condition, That if the said Mortgagor shall repay raid loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum spedfxd in the Boad secured hereby as interest and principal on said lean, on or before
<br />ifg Twetrtieth day of earl: and svery month, until said loan is fully paid; pay all taxes and asussments levied against mid premises and on this Mortgage
<br />and il'~ Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the slim of S 3$ s$QQ, DD payable
<br />to saM ASSOCIATION; repay to said ASSOCIATION upon demand a!! money by it paid for such fazes, assessrtrents and insurance with interest at
<br />she naaxitntun legal rats thereon from date of pa}•rrreot all of which Mortgagor hereby egrets to pay; permit no waste on said txetttires; kcep and comply
<br />with aB the agteemrnis and conditions of the Goad far 538 8D0. DD this day gives by the mid Mortgagor to said ASSOCIATION, and comply
<br />vriih aB ilea requfrcmrnts of the Coauitution and By-Laws off said ASSOCIATIGN; then these presents shall became null and void, otherwise they
<br />shag remain in fuB force and may ix forrc}osed ai the option of the said ASSOCIATION after failure for three months to make any of said
<br />payatenu or be throe manta; in arrears in making said tnaathly payments, or to keep and comply with the agrcetitents and conditions of said Bond;
<br />and Mortga~r egrets to have a rttxivrr appointed forthwith in such foreclosure prosxed;ngs.
<br />If there is any change ire ownership of the real estate rrrortgged herein, by sale or otherwise, ihrn tfx entire retaaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />fetrihet atrtice, artd the amount remaining due udder sa;d band, and any ether bond far any additional advatwes made thereunder, shall, from the
<br />dam atf etcerase of said optima, bear interest at the maximum legal rate, sad this mortgage Wray then be forecloxd to satisfy the amount due on said
<br />13m~;aml am other bond for addiLwna] advaaoes, together with all some paid by said The Equitable Budding and Loan Association of Grand island,
<br />1 far iriaurtlrm, texts and asstss-rrtnu, and abstracting extension charges, with interest tiurean, from date of pay~neni at the maximum
<br />1eLta] [ate.
<br />As rte the Bald secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />a~nketso~Boad, their a~gas a successors in interest, which stnns shall be within the security of this mottp~ge leer same as the funds ori~ginaBy
<br />scored thereby, the taW amount of prinripal debt not to exceed at any time the original amount of this mortgage.
<br />Dated the 23rd day of May A_ n.,19 79
<br />~_ ~ ~ ~
<br />r es f ~~~~' ,/
<br />,Ali ~ 1
<br />t.
<br />STATE O~ ~' ts. On this 23rd day of Mdy !4 79 ,before tae,
<br />t;UIR~I'Y t3F [TALL
<br />Chdi"1$S- ~. ~ Ld~ge' ~ a11d COl ~ Bert ~. Larige , ~ undetaigtttd, a Notary Public in and for said County, persomity carne
<br />-;each in his are! fret cwt right aril as spssuse of each other who are peraonaBy known in
<br />ma to be ebe ident5ad p~sitn5 sr>[aete wme5 are affixed to the above inatrurriant u mortar 5 and they severally
<br />the aaiat instriimntt to be tai r wtitatary act and deed. ~
<br />R"f`iNESfi ply Iiaad.~ Notarial Seal the date aforesaid.
<br />~ r i ,,
<br />~, xoI>.ex- s:~te N 1t~rasH _ ^"'I's~'Li / ., .~1!l
<br />s.t.=:;II J6Y M. B~AYLEY ~ No c
<br />t Ih Cosaa. ExD. Sept 1, I~1 ~ / £_- ,.-
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