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<br />MORTGAGE
<br />----- _ -- MoercnGE LOAN No. ~„ _ 23541
<br />rLMOwALLMENavTIIESr:rRESrn~rs:char Duaine L. Nelson and Cheryl L. Nelson, each in his
<br />and her own right and as spouse of each other,
<br />Mortgagor, whether one or mare, in mnsidcrotion of the stem of
<br />_ Ten Thousand Ei ht Hundred and No 100-------------- ---------------------------
<br />-~--- ---- ----~-------- - ---- -- ooLLAtts
<br />loaned to aid mortgagar by The Egnitahle r~uilding and L.rsn Assxiatian of Grand [slartd, Nebraska, Mortgagce, upon 1 OB shares of erode of
<br />s=rd ASSOCIATION, Certifiwtr Na. L 2~r,d 1 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />drscnbed real estate, situated in Hall County,`i7cbraska:
<br />PART OF BLOCK O~YE HUNDRED FIFTY {150) IN UNION PACIFIC RAILWAY COMPANY'S SECOND ADDITION TO
<br />THE CITY OF GRAND ISLAND,HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />BEGINNING AT A POINT ON THE EASTERLY LINE OF SAID BLOCK ONE HUNDRED FIFTY (150} ALSO BEING
<br />A POINT ON THE WESTERLY LINE OF VINE STREET, SAID POINT BEING THIRTY SEVEN AND TWO TENTHS
<br />(37.2) FEET SOUTHERLY FROM THE NORTHEASTERLY CORNER OF SAID BLOCK; THENCE WESTERLY PARALLEL
<br />TO THE NORTHERLY LINE OF SAID BLOCK, ALSO BEING THE SOUTHERLY LINE OF YUND STREET, A DISTANCE
<br />OF NINETY EIGHT AND CNE TENTH (98.1} FEET TO THE SOUTHERLY LINE OF SAID BLOCK; THENCE EASTERLY
<br />ALONG SAID 5OUTHERLY LINE OF THE BLOCK A DISTANCE OF ONE HUNDRED TWELVE AND SEVEN TENTHS
<br />(112.7} FEET TO THE EASTERLY LINE OF SAID BLOCK; THENCE NORTHERLY ALONG SAID EASTERLY LINE
<br />OF 7HE BLOCK A DISTANCE OF FIFTY-FIVE AND THREE TENTHS (55.3) FEET TO THE PLACE OF BEGINNING.
<br />tngether with sU the tenements, hereditaments and appurtenances thereunto 6¢longing, vtcittdutg attached floor covering, all window saeee~,
<br />window shades, blinds, strxm windows, awnings, Iceating, au candirioning, scot plumbing and water equipment xrtd atxesories therclo, parmpa, stove:,
<br />refrfgcrotors, and other fixtures and equipment rww or hcrrafter attached to or used al _onnectian with said real estate.
<br />And whereas the said tttortgagar has agreed and does hereby agree that the mortgagor shall and will pay all taxes sttd aasesstnenis Ievieci «
<br />assessed upon aid premises and upon this mortgage ant! the band secured thereby before the scot shall becoto¢ defitiquent; to fttrrtislt approved
<br />insurance upan the buildings on said premisa~s situated in the sum of S 1 O, BOO. VO payab}r is said ASSO('IATtOAI anti to deliver to sass
<br />ASSOCIATION the policies fur said insuranrx; and not to commit or permit any waste on of atwut said premises;
<br />In case of default in the performance of any of the tams and conditions oC this trarrtgagr or the bond secured hereby, the mottggee shay,
<br />on dernand, be rnritkd to immrdiaie passe-lion of the rtwrtgag¢d premises and fix mortgagor hrrcby assigns, atansfets and seta over to the
<br />«wrtgagee alI the rrnts, revenues and income to be derived from the mortgaged premises during such time as the trtortgage itttrebtedness shall remain
<br />unpaid; and the martgagee shay have the pmvrr to apppint any egret or agents it twtY r9esire for the PtrrPo-`e of regairiog seed pr¢tniaes and tentit~
<br />the same and wlkcting the rcots, revenues seed inrnttre, and it may pay out of aid intlrme all expenxs of repairitg said preenira sad tteeeaary
<br />~•nixns and expen~s inCarretl in renting and marts the= satt[r arsd of .vikrzirtg rentals themfmm; the ba>swz eetminittg, if my, to be
<br />aappppftexl toward the discharge of said nt«tgsge ieulrbtedness; these rieJtts of the mortgrtgec may br exercoed at tmy time during the ea$tence of sttdt
<br />defiult, irrespective at any temporary waiver uC the same.
<br />These t'resrnts, hr?weYer, are upon the Canditiaa, That if tI~ said Mo€igakv7r shall repay ;aid loser on ar b¢€ur¢ the mdiruiey trf said alures l*Y
<br />payu^.nt: pay trxrrr[hly [c; yvd ASSOEIATION .>f the sum vfecit'ted in the &md aeCW'ed heeelty as inta_r±te and ~ an saw ~._ ~r ttt >~~
<br />tiro Twrnr~th day crf earth and every tttonth, until said ir>an is Sully acid; pay all taxes and assessments irvi¢ti agsiitst ;aid psemisea scot art this Mortgage
<br />and th° thrnd t~.~¢.I tftcreby, be,rrr ;>' =::,~t~~y: fay; fpp~vFd irrsuraacc rgrart rite baixiirtgs thereon an t~ suet r>f 31 O • HOO.OO paya5lr~
<br />to said ASSOCIATION; recess to and AS~Sf_7C=ATlffK uFan' c[ee»nd a(t _.~.-y lay it paid far atilt taxes, a~ss-R, as a~ irti~~:r vriirh ss,isr;tst ai
<br />th¢ tteazirnum legal rate Uxrsrn frau. date of payment ail of whtch Mnngagat hereby agrees to Ix,y; penteit rw waste an said pterames;k¢ep asd wmply
<br />with alt the agreettxnts and <Yrttditians of the Eland Cur S 1 O 800.OO this day given by the aid Mortgagor to stud aSSpCIAT10N, and t+¢ttgtly
<br />with all the requirements of the fwestituticrrt and AY-Laws o~'aid ASSOCIATION; then these presents shall become auli attd void, otherwise Ihey
<br />shalt remain in fu8 force and may t+e foreehaaed at the optran of the aid AS$OCIATION after failure f« three tttatnths to make any of aid
<br />payments cx he three trx}nths in ureats m making saki tetonthty paytcent:, ar to keep and amply with the agrectnntts attd COnditirnea of shirt Horu1•
<br />and Mortgagor epees to have a rr[,ziver appainteA fwthwtth m such Cutesdasure pxoc¢¢distgs.
<br />If there is eery change ut awnershtp of the real estate tttortgaged herein, by sak or athcrwrse, then the entire remaining iodeDltttlaess hereby
<br />secured shall, at tEx optitm of T'lte Equitable 9uilding and tAan Association ofC.tand Island,N¢bruka,become iauttnkiatrly dtx and ptyabk wilhtwt
<br />further collier, and the anwunt mrrorsting due under said bond, and any when basrtd for any additiatal advtmces ttwk th¢reurtdct, sba6, flea the
<br />date of ezere~ of scut opteaxr, hear rn[nest at tree nttxrmutn Irgal rate, and this mesrtggC nay theo b¢ Cored«ed to sat~fy the amount due oa said
<br />M»Ki, and arty other band for additwwtal adnnsra, together with all sums paid by stet Th¢ pquitatsN B~ddiag asd tam A~xslirm tr!'L':tattd lstmrl,
<br />Nebraska frx ittaruanex, taxes and asr¢xan,entx, artd abvtraa-tugt extettsiun charges, with interest thrraam, From data of paynttnt at the maximum
<br />legs! rate.
<br />As pruviated m the Ikr,td secured hereby, whale thin nxrrtga~ romains in effect tEtr tnxrrtftages Wray hrr¢a#'tar advtmsx addititutai soma to the
<br />makers of said ;;rmd, t1r+'ir accepts r*t stx:eratzs ar ;nterrst, which sums shalt hr within the svtiursty of this ttxttlgage the ®me as the fonds originally
<br />~:urrd ihrfElry, the regal amount art prineipat debt eat to rxaeed at arty titer the original artwunl of thq nwrtyKe.
<br />r~at¢d d,~ 7th der ter September A. n., !v 79
<br />G
<br />W ~ ine L Nebo ~~ .-
<br />Chery
<br />STATH OF NESRASI(A,
<br />LY)itNTY LtF ttAt.L $'
<br />Duaine L. Nelson and Cheryl
<br />- each in his and her own r~
<br />m¢ to be the itienticd persons aS~
<br />adcnawkdged the sari ins[runtmrt t ~ •~~
<br />W7TNtSS mY ha~ri4t
<br />on this 7th tby of September tv 79 ,6¢ftxe me,
<br />L. Ne 1 S On , the ttad¢tsgtted, a Natary Public in amt f« aid Cawnty, pmxrttally scot
<br />as spouse of each other, what are per>ooaUyknawau
<br />inapt,, t , , L*_ af£nted to the abnw insttrtm¢nt as ttwrt5atsor 5 aM{ they y~~,
<br />My Camrni~ten ~pito$ 1~;,`i'3
<br />x _ >~-
<br />nmar m ` , ,.
<br />act and deed.
<br />Natary Pubtis:
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