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<br />79-~~~4~46
<br />MORTGAGE
<br />MORTGAGE LOAN NO. E 23468
<br />IatOWALLMENBYTFIFSEPRESEN7S:That Garry L. Edwardson and Cynthia J. Edwardson, each in
<br />his and her own right and as spouse of each other
<br />Mortgagor, whether mte or mote, in wnsideiation of the sitm of
<br />7.t,..~,+zy,_~ ti~ .~r~g_~t~~~ DOLLARS
<br />loaned Lo said mortgagor by The Equitable Btriiding and Loan Association of Grand island, Nebraska, Mortgagee, upon shares of stack of
<br />said ASSOCIATION, Certi@cate No. L 23468 , do hereby grant, wnvey and trrortgags tirtW the said ASSOCIATION the folkrwivg
<br />desrarTred real estate, situated in Hall County, Nebraska:
<br />FRACTIONAL LOT ONE (7 ), IN BLOCK ELEVEN (11 ), OF CHARLES WASMER'S ADDITION TO
<br />THE CITY OF GRAND ISLAND, AND ITS COMPLEMENT, TO-WIT: ALL OF FRACTIONAL
<br />BLOCK ELEVEN (11) OF PALMER'S SUBDIVISION OF LOT NUMBER SEVEN (7) OF THE
<br />COUNTY SUBDIVISION OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER (SE;SW;)
<br />OF SECTION NUMBER SIXTEEN (16), IN TO'vlNSHIP NUMBER ELEVEN (11) NORTH, OF RANGE
<br />NUMBER NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA,
<br />togetlser with erg the tenements, herer}itaments and appurtenances thereunto belonging, indtd"eng attached floor w`erings, alt window saestts,
<br />window rdiatks, bfirids, storm windows, swrristgs, heating, air conditioning, and plumbing and water egtripment and accesories thereto. pumps, stoves,
<br />refr~eratas, and other fixtures and equipnrcnt caw a hereafter attached to err used m mnructian with said teal estate.
<br />And rherezs for said mortgagor has agreed and does hereby agtre that the mortgagor shall and will pay alt taxes and asusmienta levied a
<br />assessed upon said preatives and upon this mongage and the bond soured thereby before lire same shall became delitrquent; to furnish approved
<br />~ upon the bmldings on said premises situated-en the sum of S 33 , 000. C)~ psyabk to said ASSOCIATION and m deliver to said
<br />ASSOCIATION the poF:aes for said utvirarres: and not to wmmit or peratit any waste on or about said premises;
<br />le rare of default in the performance of any of the arms sad wrtditioas of this trwrtgage or the bond sectacd hereby, the mortprgee shall,
<br />on demand, be entitYd to immediate pomession of the mortgaged premises grid tie toorigagor bercby assiges, [nnsfers grid sets over to the
<br />mortpipts all the emu, rerenrrs sled inwroe to be derived Crom the mortgaged premises duri[g such tune as the mortgage ind.-btedness shah tertaam
<br />~; asd the envtgsgee shat! have flee power io appoint any agent err agents it may desvt (or the purpose of repairing said prcm®es and ttmtiag
<br />[be same and mlieetug the rents, rtaenues and inwme, and it rmy pay out of aid ;,come a6 txgenses of reparciag said prcrtrises and ttetes9ry
<br />arm~iam and expcmes incurred in rcntiag and trnn-~ng the sore and of wlka;rg rcntak tirerefrom; the balaatx retttaitriag, if any, to be
<br />applied to+rard the disctu*ge of acid mortgage indebtedness; these rights of the mortgages may be exerdsed at soy time dosing [lx existsnce of sorb
<br />tkfaott, "esespectice of any temporary waiver of the carne.
<br />Tboe Presents, however, arc upon the Condition, Tlut if the said Mortgagor shall repay said loss on a before the trnttsrity of said shares by
<br />payment; pay smnthiy to said ASSOCIATION of the sum spedfrcd in the Bond sesauesi hereby as iaterm and peinapal on aid loan. w a before
<br />the Twrntieth day of each rod every month, until said loan is fuIly paid: pay aD taxes and asrssmerits kritt! against said prrmmes and on this MongaBe
<br />astd the Bond scarred thereby, before detingvenry; furnish approxd istsunnce upon the budding thereon in the stem of S 33 , 400.00 ipYa~
<br />to said ASSOCIATTON; terry to said ASSOCIATION upon demand all rttoricy by it paid for Sufi taxes, asrnmenis sad tan++,arvx with interest at
<br />the >aiax+~ kpl rate tbertoa from date of payment al! of which Martgagar hereby agrees to pay: permit ~ waste on acid premiss; keep seed corrpty
<br />vrith aH do agteetnears and wnditiom of the Bond far S 33 000 ~~ this day given by the said Mortgagor to aid ASSOCIATION, acrd wmply
<br />with a8 the regsiirerpenis of the Constitution and BY-fawn of'said ASSOCIATION; then these presenu shaD become null and void, otherwise they
<br />drs9 rcrtsavi in fu6 force and may- be taeckuert nt the opton of the said ASSOCIATION afitr failure for three months to ttults any of aid
<br />prrymeau a b' three months in arrears io making said monthly payrncnis, or [U keep and simply with the agreements and wndi[ioas of said Bored;
<br />and Mortgagor egrets W havt a receiver appointed forthwith W snrh foreclasutt proceedings.
<br />if there h say dursgc bi ovvtuiship of the rest estate mort~ged herein, by sale or otherwix, then the entire mini-g, indebtedness hert~y
<br />taws shag, at the option of The Egeriuble Btukling and Lawn Association of grand Island, Nebraska, hecotsti i~diateiy due and payable withou
<br />further antler, and the amoem[ renniomg due under sat? bond, sled env other bond for mry additional advances made thercuader, aba6, from the
<br />rbu of esaa¢ of said aptirm, bear interest at the rmxunum ley! r:te, sad this roortgag may then be foruitssrd W atisfy the atrrntmt dtm ~ said
<br />hoad,aad any other bard for additional advances, together with all sums paid by said The Egidtabk Bruldiseg and Loan Asaociatioa of Grand (sand,
<br />fiehsaaka for , taus and asssutrnts, and aburacting cxteasion rdtarges, with intuest [hereon, from date of payment at the toavmum
<br />legal nle.
<br />As provided is the Bond scarred hereby, while this mortgtge rcmaim N effect the mortgagee rmy hereafter advance additional saris to the
<br />makers of std Bald, then nssegtrs a succeswrs in interest, which sums sfiall bs within the security of this mortgage the same as rtie funds origimdy
<br />segued thereby, the Instal amount of prinapal debt not to exceed at any time the original amount of this tsartgage.
<br />naudtti;s~j /6t,(h daJyaf JULY A. D.,19J9
<br />Gs~St~s1~sOfk_, ,.
<br />~T,~- !/ ~rl/.~ .-
<br />Cynthia J. Edwardson
<br />STATE~~Y ~ ~~ ~ ss. Oo this 6th say of JULY i9 79 . before me,
<br />Garry L. Edwardson and Cynthia J. Edwardson, eatch~in`is'anar~'r~e~ownarrg~l~ran~asp~rsp us~
<br />of each other cam Petaealh`kaowam
<br />tae m be the ideMital pteraon s whore name S are affixed m ihs above ' as mortpgoS and they aevenllY
<br />adcnowkdged the mid;nM~enc m be their vohmtary au and deed. ~ i _~,
<br />1PI1T~ffs$ my head and Notarial Sesi the dots aforesaid. ~, -~.J/ a~~
<br />My co~rmoa ~~ ~ ~, ~ t~~ ' G 5r,a1
<br />Notary Public
<br />MAISr lv GENEP.?t NUTAHv -
<br />y~ ^g ~ State of Heat.
<br />~ j ~ j~J "-/ t JAt.!ES W. OLSON
<br />~/ ' Mr Com^t. Elp. Na.. 12, 1479
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