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<br />79-, ut~418~
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23463
<br />KNOW ALL MEN BY THESE PRESENTS: That Donald E. Areal d and Bertha A. Arnold, each i n hi s
<br />and her own right and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Tan T nugand and noj~--------------------------------------------------------- nOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association oC Grand (stand, Nebraska, Mortgagee, upon 10D shares of stock of
<br />said ASSOCIATION, Certificate No. L 2346 , do hereby grant, wnvey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, ebraska:
<br />THE NORTHERLY ONE-HALF(N'z) OF LOT SEVEN (7), IN
<br />BLOCK NINE (9), IN W;EBE'S ADDITIa^f TO THE CITY OF
<br />GRAND ISLAND, NEBRASKA.
<br />AND
<br />LOT FOUR (4)> ASSEMBLYVILLE SUBDIVISIaY, AN ADDITION
<br />TO THE CITY OF GRAND ISLAND, NEBRASKA.
<br />tageiher with all the tenements, hereditaments and appurtenances the~euntu belonging, including attached floor wverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air wnditioning,and plumbing and water equipment and accessories therete,pumps,stoves,
<br />refrigerators, and other fixtures and equipment aow or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree chat the mortgagor shall and will pay all taxes and assessments levied ar
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to ftunish approved
<br />insurance upon the buildings an said premises situated in the sum of S l Q, DDD, DD payable to said ASSOC1AT10N and [o deliver to said
<br />ASSOCIATION the poiicks for said insurance: and eat 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 file bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall retrain
<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 sart~ and ce0ecting t_he rents, revenues and inwme, and it may pay nut of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred ni renting and managing the same and of collecting rentals therefrom; the balance remaining, u any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights u( the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver at the samt_
<br />Thcx Presents, how?ver, are upon the Ccndition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment: pay monthly to said ASSOCIATION of rite sum specified in the Bond secured hereby as intecst and principal on said roan, on or before
<br />the Twentieth day of tech and every month, until said loan is fully paid; pay all taxes and assessments Fevied against said premises and on this Atortgagt
<br />and the Bond secured thereby, before delinquent} ;furnish approved instrance upon the buildings thereon in the sum of s l D, DDD. DD payable
<br />to said ASSOCIATION; repay to said ASSOC[AT10N upon demand aU money by it paid for such taxes, assessments and insuraure wi!h in?eresi at
<br />the tnaaintttm legal rate thereon from date of payttxn? all of which Mortgagor hereby agrees to pay: perrtit no waste on said premises;keep and comply
<br />with all the agreements and conditions of the Bund ibr S 1 ~, DOD. DD tills day given by the said hiortgagar to said ASSOCIATION, and comply
<br />tvith a6 the requvemenis of the Constitution and By-Laws of said ASSOCIATION; [hen these presents shall become null and void, otherwise [hey
<br />shah remain ni full force and may be foreclosed at the option of the said ASSOCIATION after failure for throe months to make any of said
<br />payments or be three months in arrears in making s7sd monthly payments, or to keep and comply with the agreements and wnditions of said Bond;
<br />and Mortgagor agrees to have a receiver appoi+acd forthwith in such foreclosure proceedhtgs.
<br />ff there is any change in ownership of the real estate mortgaged herein, by sale or otherwiu, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Crand Island, Nebraska, becotrte immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, From the
<br />date of txercise of said option, bear interes*. at the tttaxirnum legal rate, and this mortgage may then be foreclosed to satisfy the amount dtu on said
<br />bond, and any ether bond for ~dditionai advances, loge?her wish aSl sums paid by said T'hx Equitable Building and Loan Assoraation of Grand Inlaid,
<br />Nebraska for instnance, taxes and assessments- and abstracting extertsi°n charges, with inurest thereon, from date of payment at the maximum
<br />legal rate. -
<br />As provided in the Bond secured hereby, while this mongage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, Their assigns or successor in interest, which sotto shall be within the security of this mortgage the same as the funds originally
<br />sceured thereby, rite rota! amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />natea t~ 29th day °f June A. n., is 79
<br />jy f i~
<br />~'e~--„~.~f` C`. rte.'`--w-
<br />a r~-o
<br />art to rno
<br />STA'CE OF NEBRASKA, t g pn t~ 29th da of
<br />~QUN'fY 4F HALLS Y aUne 19 7Q before me,
<br />Da-ald E. Arnold and Bertha A. Arnold, the undersigned, a Notary Public in and for said County, personally came
<br />each in his and her 04m right and as spouse of each other, who are personally known to
<br />rm ia.be-the-idsntiwl person- S whose name S d re affixed to the above instrument as mortgagor S and they severally
<br />ackewvc'1°d~td the said insirumegt !o Ix their voltmtaryact and dad.
<br />WITTVESS my !rand amf Nou.;al Seal the dart aforesaid.
<br />MY Commission expires ~ / ^ ~`
<br />Pt-~ Rt ~-_ ':_(S.'4 hG iA9Y-$t,:_? of Ne'srasna t/ l rrr~~~~7 otary Public
<br />~ M. b;l St,PP
<br />~~° ~~"-_ ,',y G~.m. Esp. Au . 31. t°22
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