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<br />MORTGAGE
<br />MoRTGACELOAN xo.L 23459 MaIC
<br />KN09YALLMENBYTHESEAItESENTS:That gregory C. DesLaurier and Cynthia S. DesLaurier, each in
<br />his and her own right and as spouse of each other
<br />Mortgagor, whether one or more, in cottsidentan of the arm of
<br />Thir y One Thousand Five-Hundred and N01100-----------------------°-----------------DOId.ARS
<br />loaned to said mortgagor by The Equiubk Budding and Loan Association of Grand Island, Nebraska, Mortgagee, upon 315 shares of stork of
<br />said ASSOCIATION, Certifrate No. L 23459 , do hereby grant, convey and mortgage unto the said ASSOCIATION tl~ faBrrwing
<br />dexribed real estate, situated in Hall Cointy, Nebraska:
<br />LOT TEN {10) IN BLOCK NINE (9) IN SCNIMMER'S ADDITION TO THE CITY OF
<br />GRAND ISLAND, NEBRASKA.
<br />together-with av the tenentems, heredttarnenu and appurtenances thereinto belo*sittg, including attached floor coverings, a6 window ac[eens,
<br />window shades, blinds, storm windows, awnings, heaiitrg, air conditioning, and plumbing and water equipment and accessories thereto, pumps stoves,
<br />refripentors, and other fixtures and equipment sow or hereafter aturhed to or used at connection with said real estate.
<br />And vvheitas the said mortg~or has agreed and does hereby agree that the mortgagor Mall and wiB pay all taxes and assessments levied or
<br />assessed upon said premises attd -upon this mortgage and the bond secured thereby before the same shall becorm delinquent; to furnish approved
<br />utarrance upon the hm'Idvtgs on said premims situated in the sum of 5 31 , SOO.OO payable to said ASSOCIATION and to deliver to raid
<br />ASSOCIATION the policies for said inamana; and not to wmmit or permrt any waste on or about said premises;
<br />In case of default is the performantz of say o.` the terms acrd conditions of this rno[tgpge ar ttte bond xarred hereby, the mortgagee 9nB,
<br />on demand, be entitled to uaaredote posroesvoo of the mortgaged premises and the rtrortppgor hereby assigns, tratufers and sets over to the
<br />ntoatpgee all the renu, revenues and istconte to be derived from tite mortgaged premises durittg such time as the mortgage indebtedttess sfiaB remain
<br />tmpaid; utd the ttrortga®x shag have [he power to appoint any agent or ageau it may desfre for the purpose of repairing said premises sad reatiag
<br />ttY Same acrd collecting tht rents. reventes sad income, a~ it may pay out of said income all expenses of repairing said premises and tlCCeaYiy
<br />cow sari expetnes mcutred in renting and managing the satix and of collecting rentals therefrom; the balance rerttainiag, if say, to he
<br />toward the distdtarge of said mortgage irtdebtedness; these righu of the mortgagee may be exercised at any tins during the existeaa of arch
<br />t, irregreeUive of any temporary waiver of ilrc cast:.
<br />These preteni5, hOR3Ytr, Ere apon the COndittoa, Tint if the said Mortgagor shah repay said loan on or before the maturity of said states by
<br />payment; pay monthly to said ASSOCIATION of the curt sperafied m the Bond secured hrreby as interest artd principal on said loan, ou or before
<br />the Tav:ntietb day of each and every month, until said loan is fatly paid; pay a6 taxes acrd assessments levied against said prernives arul on this Mortgage
<br />sad the Bond sawed thereby, before delutquency; furnish approved insurance upon the buildings thereon in [he sum of S 31 , SOO.OO payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />tIce tmramum legal rate thereon from date of payrotot aB of which Mortgagor hemby agrees to pay; permit no waste oa said premiers; keep and comply
<br />with ad the agreements and conditiotrs of the Bond for S 31 , SOO.O~h;s day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with aB the tequircmenu of the Constitution and By-L~ws of said ASSOCIATION; then these presenu shall become nub sad void, otherwise they
<br />sitatl remain in fall fora and rmy be foreclosed at the option of the said ASSOCIATION after failure for three months to make aplr of said
<br />payrtsteu or be three taonfhs in aaeau m making said atonttily paymenu, or to keep and comply with the agreements and coodi[iotu of mid Bond;
<br />sad Mortpgor agrees to rove a remiver mpointed forthwith in arch foreclosure procetdings.
<br />If there is any rhartge in ownerstdp of the real state mortpged herein, by sale or otherwise, then the entire mmainiag ittdebtedrtess hereby
<br />secured ahaB, at the option of The Equitable Brtadwg acrd Loan Association of Crsttd Island, Nebraska, became immediately dm attd paytibk without
<br />further notice, and the amount remaintag due under said bond, and say other toad for any additional advances made thtrcinder, shah, from the
<br />date of exerraae of said option, bear interest at the maximum 1ega1 rate, and thu nwrtgaage may then be foreclosed to satisfy the amount due on caul
<br />bond, and mY ocher bond for additional advances, together with all surrts paid by said The Equiubk Bttading amt Loan Association of Grand Island,
<br />Nebrat~ for iasursnce, axes and assessments, and abstracting exttnsiin charges, with interest i~reoa, from date of paytrcnt at the rtnximtrm
<br />legalrate.
<br />As pmvided w the Bacot secured hereby, v,•ftde tftis mortgage remains ¢t effect the mortgages may hereafter advance additional vents to the
<br />rockers of aid Band, thew asaigrts or successors ut 6ttttest, which sums shall lx within the security of this mortpge tht same as the funds originally
<br />Barred titeteby, the total amount of princpal debt not to excxd at say Brix the original :mount of this rrtortgage.
<br />ibis 27th .. ;' day of ,- June A. n., l9 79
<br />eiLau '`L
<br />C is S, DesLaurier
<br />STA'EB~RASIia~~ ~ On this 27th day of June 19 79 . before me,
<br />- - cite underdgned, a Notary Public in and for said Comty, personally came
<br />Gregory C. DesLaurier a nthia S. DesLaurier, each in his and her~wn right anisyksl~ou~e
<br />of €ach other ~, are
<br />~ ~ ~ ~ - A~ ~ are ~ affixed to the above instrument as tnortgsgnr S and they several-y
<br />aotaowlcilged the oed ~ ~.~~~~ voluntary as and deed.
<br />[he date 8fa[esaid. ,(////~~ //
<br />MY 4 ~., ~C~t-~, , ~' ~[..=~f_'~~%~"L~~1 ~~Cf./Ltl~~
<br />• ~ GF~_ J . ~ `~'~ L,~ Notary Public
<br />1a76aal alt -fT ~`•',..... ~,/` -~ /"
<br />ahf Of N4~%'"„F~
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