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<br />MfJ~' liAr~;>a _
<br />r:.at3w ALL MEN THESE P~eFal7NTS: r.~t Gerald D. NeI sift and Betty #. NeI son , eac~i a r, has arxi
<br />and her awe right and as spouse of each air
<br />I~[rxtgaget- .~i:t srse of nsore, i:a car#x£er=lxrn ~ ti;< s•~
<br />Fifty Eight Thousand and No/100------------------------ ----------- apLLA~
<br />loaned to sold mortgagor b}- The Egvitabk BtuMing and Lawn Association of Gland Isssxi. ~e'3raska, Martgagts, upon ~~ sitatn of sradF of
<br />sail ASStCIATION. Corti =sate 'io. L ~~q7 , do !=reby gn~iz, ~.n.,v~y a~ .~.,:rtg~ ~~to tIe said ASSt7fiATiU?r' zi4 f~
<br />daseribsd real estate, ;tooted in Hall County, : eb
<br />LOT FIVE {5}, VON OHLEN SECOND SUBDIVISION
<br />iN THE CITY Or' GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attachmd float coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air mnditioning,and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refzigerators, and other fixtures and equipment now or hereafter attached to o[ used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and dues hereby agree that [he mortgagor shall and will pay all taxes and asussments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before [he same shall become delinquent; to furnish approved
<br />insurance upon the builaings on said premises situated in the sum of 5 ,rj$ s DDD, QD payable to said ASSOCIATION sad to deliver to said
<br />ASStX'fATION the policies for said insurance; and not to commit or permit any waste cr. 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 raortgagte shag,
<br />an demand, be entitled to immediate possession of iitc rnartgagcd lireut~s o - origagat hereby ass:a.s, t attsfers and sets truer to the
<br />mortgagee alt the rents, revenues and income to be derived from the mortgagedrpremises~durtng such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent ar 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 aB expenses of repairing said premises arm nextasrY
<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 discharze of said mortgage indebtedness; these itghts of the mortgagee may be exercised at any time during the ext<.~^,+ of aucit
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, ate upon the Condition, That if [he said Mortgagor shall repay said Ioan an or before the maturity of said shares by
<br />payttxffi; pap' monttiy to said ASSOC[ATION of the sum specified in the Bond secured hereby as interest and prirscipaI an said loan, an or before
<br />the Twerrtiethday of each and every month, until said loan is fully paid; pay all taxes and asse~smenzs levied against said pterttises and on ilia P.IorFgage
<br />and rite Band secured thereby, before delinquency; furnish approved insurance vpor, the b,rildins~s thereon in the sum of $ ~j$ , ~}D, ~ ixty~bi~
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand ail money by it paid far such taxes, assessments and instuance will: interest a£
<br />th- av.....m dal ra,_ thn.~°v :from data of payr^~nt ati of whio!: ±P.ortgagar!~r~hy agr~ss to pay; ~r[t:....., .,asi. an mid p ~:,,~s; ksxp ate. ~..~:ly
<br />a=t.§ 31i :;te sgrte,..aats and ~nditic.^.s of the $artd far 5~,$ ~QQ , {}[~ this day given by the said ',,'artgvgsr to said ,",SSO6#ATIt3'.d, aid ~-
<br />with all the requirements of the Constitution and By-Laws o~said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />Mail remain in fult force and may be foreclosed at the option of the said ASSOCIATION after failure fee three months to stake any of acid
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreemenu and conditions of said Bond;
<br />and Mortgagor agrees to havz a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged fierein, by sale ar otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the nptian of The Equitable Building and Loan Association of Grand Ixland,Nebraska,become immediately due and payable without
<br />further rm[ice, and the amoum remaining due under said bond, and any other bond for any additional advances made thereunder, shall, tiom the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due an said
<br />band, and any other bond for additional advances, together with all sums paid by said The Equitable Btuldirtg and Loan Association of Grand Ishtnd,
<br />Nebraska for 6nsuranx, texas and assessments, and abstracting extension charges, with interest thereon, from date of pay^scnt at the maximum
<br />leeplrate.
<br />As provided in the Bond secttted hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or succeswr, in interest, which sums shall be within the securiFy of this mortgage the same as the funds o[igirtaBy
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />_~ this 30th day of July A. D., 19 19
<br />~~,c!'
<br />ver _1 1F: ~e son ,
<br />a s~rl~ .%
<br />Si'ATE d3F NE8i2ASKA, ~ ss. On Ibis $Dih day of ,l ul y 19 7 g , be€ore rite,
<br />COUNTY OF HALL
<br />~I"aid D. i~te3-son and $etty M. Nelson , ~ undersigned, a Notary Public in and far said county, personally came
<br />each in his and her own right and- as spouse of each other ~ who are personallyicnownt^
<br />me to be rho identical person S whose name S dre affixed to the above instrument as mostgagor S and they severally
<br />acknowledged the acid instrument to be their voluntuy act sad deed. _'~
<br />WITNESS ttry hat[d and Nota;iat Seal rite dste aforesaid. _ ~/
<br />.~ ~ ...
<br />My Commisgion expires ~ _ ~ s , 1, ~Y l E~'..
<br />f ~ e~~ F@T-'.9T - St<-ts ei SiAratb ~ // N P
<br />~_ ~ er • ~ f 1' ~~ lr~v i;~. B'c.+Zt£Y 1 ,~' ~ ~ -
<br />,-~ -ty Cntnm. €x7• Sa''+ t. 1, i9E1 ~ f
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