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<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 7Rdd7
<br />IGVOW ALL MEN BY THESE PRESENTS: That Eric J . Allen and Gonda L. Al 1 en , Each i n his and her
<br />OWn right and as spouse of each other Mortgagor, whether one or more, in consideration of [he sum of
<br />Twenty One Thousand Six-Hundred and NO/100-------------------------------------150LLARs
<br />loaned to said mortgagor by The Equitable Building anc Loan Association of Grand Island, Nebraska, Mortgagee, upon shares of stock of
<br />said ASSOCIATION, Czttificatr Na. -L ~3Qd7 _ , do hereby grant, convey and mongage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska: - - "
<br />LOT (5) IN BLOCK EIGHT {8) OF KOEHLER PLACE, AN ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />together with all the tenements, hemditaments and appunenances thereunto belonging, including attached door coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air candihoning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refzigeratars, and other fixtures and equipment now or hereaftet attached to ar used in cannrc[ian with said real estata-
<br />And whzreas the said mongagar has agreed and does hereby agree that the mortgagor shall and will pay all taxes artd assessments lered or
<br />assessed upon said premises and upon this mortgage and the band sec' ~d ~gt~by.-, }}~~efare the same shill become definauenC to furnish approved
<br />insurance upon the buildings an said premises Situated in the sum of 5 ~L I ,bUU •U" payable to said ASSOCIATION and to delivr:r to said
<br />ASSOCIATION the policies for said insurance: and not to commit ar permit any waste on or about said premises:
<br />In case of default in the performance of am of the terms and conditions of t}tis mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be rntitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets aver to the
<br />rrartgagee all the rents, revznurs and income [o be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid: and the mortgagez shat! have the power to appoint any agent or agents it map desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, avenues and income, and i[ may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing thz same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge aC said mongage indebtedness; these rights of the mortgagee may bz exercised a[ any time during the existence of such
<br />default, izrespeetice of any temporary waivez of the same-
<br />T3tese Prrseras, however, are upon the Condition, Thxt if the said Mongaga• shalt rzpap said loan on or before the maturity of said shares b}'
<br />pa}•tnent; pay monthly m said ASSOCIATION of the sum specifizd in the Bond secured hereby as interest and principal on said loan, an or before
<br />the Twertrth day of each and every month, until said loan in fully paid; pay all taxes and assessments levied against said premises and on Nu Rlongage
<br />and the Bond x urrd thereby, before delinquency; furnish approved insurance upon the buildings thereon m the stun of S 2 ~ , 6DD. DD ~yabk
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all monrv by it paid far such tares, assessments and insurance with interest at
<br />[he maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with aB the agreements and conditions of the Bond fptl $ 6()O (~O this day given by thz utd Siortgagor to said ASSOCl,4TION, and comply
<br />with all the requirements of the Canstituiion and B}''- ~s of sae ASSOCIATION; thin these presents shall became mill and void, otherwise they
<br />shalt remain in full force and ma} br ioredosed a[ the option of the said ASSOCIATION after failure Cor three months to make any of said
<br />payments ar be three months m arrears m making card monthly payments, or to kzep and rompl} with the agreements and conditions o[ said Bond;
<br />and Mangagor agrees to havz a rzceiver apprintzd forthwith in such foreclosure prorezdings.
<br />If there is any change m ownership of the real estate mortgaged herein, by sate or otherwise, then the entire remaining indebtedness hereby
<br />secured shall. at ehe option of Thr Equitable Building and Loan Association of Grand island, Nebraska, become immediately due and payable without
<br />f [other notitt, and the amount remammg due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maxunum kga! rate, and this mongage may then be fottdased to satisfy the amount due on said
<br />bond,artd any othtr hood for additional advances, together with sB sums paid b} said Thz £quitabk Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assrssrnents, and absuacung extension .^hnrgts, with interest hereon, from date of payment at the rrraximum
<br />legal nte-
<br />As provided in the Bond secured hereby-, while this mongage remains to effect the mortgagee may hereafter advance additional sums to the
<br />masers of said Bard, their assigas or susrrssars in interest, which sums shall br within tier security of this mortgage the same as the funds originally
<br />securui thereby, nc~ total aririruni of peiiriipa3 debt our .» zzi~er, ar anv tune the ur iguiai arxrunt of iitis mortgage.
<br />I3aicd tics l~h da}af June ". "..'> 79
<br />/~
<br />~'~ ,_._-
<br />Conda L. Allen
<br />STA~OU~ ~~ ~ ss. Oki tilts ~ Zth day of 19 ,before me,
<br />)) June 79
<br />f ri C J . Al 1 en and Cowda L . Allen , each i n his at~i"'~~$'y~sla ~~`~{"~Fdn ~ f$f ~~s~°8~' ~~'f1~By `~`"`
<br />other who are personally known to
<br />the to be tlx ' ,~erf~6lr, ~3~'~~,a~6e~se namo5 aftred to the a`•rovt instrument as mortgagor 5 and the.Yevera:ly
<br />acknowledged tlie">;ittiSestttmtent,tb,!&. "`t` voluntary act and deed.
<br />.r W~NESS >Al' hand Ind Notarial Seal the da~tepaforesaid- ,,.,' /
<br />'t NEY Ctat+ame:son-eitpi&s Iif~G . ~, ~ _+p d C'~/~~~~ t~ ~~~~~G~ _
<br />at~sn ~ if ~ Notary, Public
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