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79_•uU3l:333
<br />MORTCnr.E
<br />'sARTGAGE LOAN N0. L 23450
<br />KNOWAi.LMENBYTHESEPRESENTS:That Donald L. Sander and Carla D. Sander, each in his and her
<br />own right and as spouse of each other
<br />--------- Mortgagor, whether one or more _in consideration of the swn of
<br />Forty nine thousand six-hundred and NOJ100- -----------
<br />CIOLLARS
<br />bane; to said mortgagor ny The Equitable Building and Loan Association of Crand Island, Nebraska, Mortgagee, upon 496 shares of stock of
<br />said ASSOCIATION, Certificate i`lo. L 23~5D , do hereby grant, convey and mortgage unto the said ASSQCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />THE SOUTH THIRTY-TWO AND NIWE TENTHS (32.9} FEET OF LOT FOURTEEN (14) AND THE
<br />NORTH FORTY-FIVE AND EIGHT TENTHS (45.8) FEET OF SOT THIRTEEN (13}, ALL IN
<br />BLOCK TWELVE (12}, IN PARKHILL THIRD SUBDIVISION, AN ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, healing, air conditioning, and plumbing and water equipment and acceswriu [hereto,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 artd does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed 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 prenses situated in the sum of 5 49, 6D0. DO payable to said ASSOCIATION and to deli~rer 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 wnditions of this mortgage or the bond secured hereby, the mortgagee shad,
<br />on demand, be entitled w immediate possession of ;he mortgaged premises and the mortgagor hereby assigns, transfers and sets aver to the
<br />mo :gagee aB the rents, revenue and income to be derived from the mortgaged premises during such tfrre as the mortgage indebtedness shall 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 remir[g
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all exxnses 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 fhe exisienae of wch
<br />default, irrespective of any temporary waiver oC the same.
<br />Thesc Presents, however, am upon the Condition, That if the said Mortgagor shall repay srid loan an or before the maeurity of said share by
<br />paymtem; pay ttronthly to said ASSth^lATION of the sum specified in the Bond secured hereby as inrerest and principal on said loan, on ar 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 delinquency; furnish approved insurance upon the buildings thereon in the sum of 5 49, 6DD , DD payable
<br />[o said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon From date of payment al! of which Mortgagor hereby agrees to psy;permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 49 , ADD , DO this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requvet~nts of the Constitution and By-Laws of said ASSOCIATION; then these yresenis shall become null and void, otherwise they
<br />shall remain in CuB force and may be foreclosed at the option of the said ASSOCIATION after failure for t,4ree months [o make any of said
<br />paynstms or be three months in arrears in making said monthly payments, or to keep and wmply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such forecbsure proceedings.
<br />If these is any change in ownership of the real estate mortgaged herein, 6y sale or otherwise, then the entire remaining 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 />further notitx, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise eF said option, bear interes! 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 aB sums paid by said The Equitable Building and -Loan Assxiation of .,rand Island,
<br />Nebraska for irtwrance, laze and assessments, and abstracting extension 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 sums to the
<br />makers of said Bond, chair assigns oc aucccssors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />staved thereby, the total amount of 'pal debt rtat to exceed at any time the original amount of this mortgage.
<br />led t Y of Une A. D., 19 79
<br />Do d Salt r ,
<br />Ca`#1a t~: 5aader
<br />STATE OF 31£$RASKA,
<br />°COUNt'Y OF HALT. ~ ~~ On tl»s 15th day °f ~Une 1479 ,before me,
<br />- ~ ' .= the under ' d, a Notary PubB and f r said Count r It e
<br />D+~atd L. Sandt~ afi4,Carla D. Sander, each in his an~r`~ier own r~g~+~' anc~as spo~`~~o~eyac~i'
<br />-0i:her - - ... -..'-' who are perwnallyknownto
<br />the to 6e the identical person 5 whose name 5 are s}Intsd to the above instttunent as tttt :g;,ga; S and they severally
<br />aeki the said itrstrumeat to be th21 r
<br />owled8td voluntary act and deed.
<br />WITNESS my Band and Notarial Soa1 the date aforssaid.
<br />MY Coritmission expires - ~ ~
<br />€Ellf9-t N€Til€Y • State of NtgnsYa ~ / - L` ~ i ~- ~'~ ~~ •' ~ •~ r -
<br />6i.Ytd ~ ` JOY M. BEAZLEY ~ - - NotaryP Ec/%
<br />lay L'emm, frcP. Sap[. 1. I98I ~
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