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79-~ u~~4a02
<br />MORTGAGE _
<br />MORTGAGE LOAN NO. L 234$6
<br />KNOiVALLMENBYTHESEPRESENTS:That Leone? G. Nelson and Frances S. Nelson, each in his and
<br />her own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />_Fifty-Two Thousand Five Hundred and No/100------------------------------------°- >zoLLnxs
<br />loanoa :o said mortgagor by The Equitable Building and Lvan Association of Grand Island, Nebraska, Mortgagee, upon 525 shares of stock of
<br />said ASSOCIATION, Certificate No. L 23456 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hail County, Nebraska:
<br />LOT FIVE (5) IN HIDDEN LAKES SUBDIVISION
<br />NUMBER TWO (2) BEING A PART OF THE SE~tlE4
<br />AND PART OF N~lE;SE; SECTION 13, TOWNSHIP
<br />Z1 NORTH, RANGE 9 WEST OF THE 6TH PRINCIPAL
<br />MERIDIAN.
<br />together with all the tenements. itereditaments and appurtenances thereunto belonging, including attached floor coverings, atl window scrcens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other futures and equipment now or hereafter attached to or used in mnneMion with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all Eaxes and assessments Ievied or
<br />assessed upon said premises and upon this mortgage and *.he bond secured thereby before the same shall become dehnquent; to furnish approved
<br />insurance upon the buildings on said promises situated in the-sum of 552, SQQ. UO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the pcacies 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 mortgage or the bond secured hereby, the mortgagee shall,
<br />an demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagte all the rents, revenues and income to be derived from the mortgaged premises during such time 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 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 />contminions 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 oC the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, aze upon the Condition, That if the said Mortgagor shall rope}' said loan on or before the maturity of said shares by
<br />payrtxnt; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and even' month, until said loan is Cully paid; pay ail taxes and assessments levied against said premises and on this Mortga~
<br />and the Bond seeurod thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 52, SQQ, QQ payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid Cor such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay:permit no waste on said premises; keep and rnmply
<br />width all the agreements and mndi[ions of the Bond for S 52, SQQ. QQ this day given by the said Mortgagor [o said ASSOCIATION, and comply
<br />with alt the requucments of the Constitution and BY-Laws of said ASSOCIATION: then these prexnts shall become null and void, otherwise they
<br />shall retrain in foil force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and rnnditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed Corthwith in such foreclosure proceedings.
<br />If there is any change in awnuship of the real estate mortgaged heroin, by sale or otherwise, then the entire remaining indebtedness hereby
<br />sectued shall, at the option of The Equitable Buiding and Loan Association of Grand Island, Nebraska become immediately dtu and payable without
<br />further notice, arzd the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exucise of said option, boar interest at the rrtaximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and say other bond for additional advances, together with aA sums paid by said The Equitable Budding and Loan Association of Grand Isiartd,
<br />Nebraska for irzsun~ce, taxes and assessments, and abstracting extension charges, with interest thereon, t3om date of payment at the maximum
<br />kgpi rate. - _
<br />As providsd in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sterns to the
<br />rs of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />d t by the ial amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />25thday of June A. a., lv 79
<br />~.
<br />L r Neis~on
<br />r cos ~., ~ sell
<br />STATE OF N£BIiASICA, ~ ~ pn this da of 19 ,before toe,
<br />coln'm of HALL 25th r June 79
<br />Leonei G. Nei§on and Frances S. Nelson, theundersigned,aNotaryPublicinandforsaidCounty,persorallycame
<br />each in his and her~,,and as spouse of each other, wino are personally known to
<br />me !a be the identical pe v~.*i • t'~"` dre affixed to the above instrument as mortgagor S and they severally
<br />acknowledged the said ~ tS`rbe th~rk t~P luntary act amt deed.
<br />w[ myi~dnd~(~1 Seat t date aforesaid.
<br />u a. r,~,a_t~
<br />I.iy C , exlfiddi; ry,~) - 7- y ~%>
<br />,Jj~., ", i"~; _,~~. Notary Public
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