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<br />MCtFtTGAGE _
<br />MOI2TC,AGE La7AN NO. L 23 , 560
<br />tavowALLMI:NaYTHESEpt~ENTS:~-nat Rudolf F. Plate and Jeannice R. Plate, each in his and
<br />her own right, and as spouse of each other
<br />Mortgagor, whether one or mote, in consideration of the sam of
<br />For y-five Thousand Two Hundred and No/100--------------------------------------- ~~~
<br />loaned to said mortgagor by The Equitable auitding and Lean Asmstiation of Grand Island, Nebraska, Mortgagee, upon X52 shares of stodt of
<br />said ASSOC[ATION, Certificase No. L 23 , 560 , do hereby grant, convey and mortgage unto the said AS50CIATI0N the foaowing
<br />described real estate, situated in Hall County, Nebraska:
<br />THE NORTH SEVENTEEN AND EIGHT TENTHS FEET
<br />(N17.8') OF LOT ELEVEN (11) AND THE SOUTH
<br />FIFTY-NINE AND SEVEN TENTHS (559.7') FEET
<br />OF LOT TEN (10}, BLOCK THREE (3) SOUTHERN
<br />ACRES ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />together with al! the tenements, hereditaments and appurtenances thereunto belonging, includirtg attached Hoot anverings, sU window screens,
<br />window shades, blinds, storm windows, awnitrgs, heating, air conditioning, and plumbing and water eyuipment and accessories thereto, petmps,stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor Itas agreed and does heceby agree that the mortgagor shall and wia pay aII tua and asse~ents levied or
<br />assessed upon said premises and upon this mortgage and the band secured [hereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in [he sum of $ 45 , ZOU . ~0 ptyabte to said ASSL7CtATI0N and to deliver to said
<br />ASSOC.tATION the policies for said insurance; and nut to commit or permit any wwte on or about said premises;
<br />in case of default in the performantt of any of the terms and a~nditions of this mortgage of the bond secured hereby, the mortgagee shoo,
<br />on demand, ~ entitled to immediate possession of errs mortgaged premises and the titartgagar hereby assigns, transfers and sets rawer to the
<br />mortgagee as the rents, revenres and inwme to be derived from the rrwrtgaged prtmites durutg such time as the mortgage i~ebtedrtsss shall remain
<br />tmpaid; and the mortgagee shall have the powtr to appoint any agent or agents it may desire for the purpare of repairing aid premises and rentirtg
<br />the same and colketing the rents, revenues and inrnrrte, and it may pay out of said income all expenses of repairing said premises and M^~ry
<br />tx~mmissiarts and expenses incurred in renting and nunaging the same and of collecting rentals therefrom; the balance remairtittg, if any, to rte
<br />appl~d toward the dixharge of said mortgage indebtedness: these rights of the mortgagee may be exerci~tl a[ soy time dtt[irtg the axisteuce of such
<br />de ault, irrespective of any temporary waiver of the sanrt.
<br />- These Pra~nt::, however, are upon the Condition. I7tat if the said Mortgagor strati repay s;:id roan on or before the mattuity of said shares by
<br />payrratnt; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said ruan,on or tsaforc
<br />the Twentieth day of each and every nwnth,cntil said !can is fully paid; pay all taxes andassessmenta leviedagainst said prcmists and on reels Mortgage
<br />and the Ilottd ~csssed thcrt•hv, before dethtquansy; famish agprnved insurance upon the buildings thereon to the sum of # ~~ , 200,00 payab>4
<br />in said ASsi[.IATtOtti; repay so said AS:~'L:tATiON upurs demand cell rn~sney by it paid fur such taxis, asstsamenta and irtsurantx with interest ai
<br />the maximum kgat rate tfttreon from date of payment aU oC which Mortaagot hereby aerees to pay; perrt~tt na waste on Bird ~en~r a~s_rtte>rg amin~rtaply
<br />_ 'with alt the agreements and crrnditn=ns of itta lk,rtd fpr S [~~,?(1tj Q(~itu~. day given #ty 1tc ~d Ri~rgagsrc to said A~SOLt'~AT7(tri,;~d ;fy- _
<br />wilts all the eequiretnenss of ttrt Corutitutian and By-Laws of aid ASSOCIATION; then these presents shall become nail artd void, otherwise [trey
<br />shad remain in full Corce artd may be foreclosed at the option of the said ASStX'EA'fION after failure fur three months to make any of said
<br />payments or be three months in arrears in making said ntuttthty payments, ur to keep and atmply with the agreements and ixmdirinru of aid anted;
<br />and Mortgagor sgrees to have a receiver appointed forthwith in su_}t foreclostue proceodings.
<br />!f share is soy change in ownership of the real estate mortgaged heroin, by sak or otherwise, thon the entire remaining indebtednes: hereby
<br />atcurcd shad, at the option of 1`tta Equitabte auitding and loan Assceiatan of Grand Island, Nebraska, became immediately due and payable without
<br />further nirtice, and the smarm[ remaining dot under said frond, and any other band for any additiorral advances made thereunder, retrace, from the
<br />dart of exertix of said option, bear interest at the maximum legal rate, out ittis ntmtgaga may then be forecosed to atiafy the autaunt due as said
<br />brutd, and any ether bcutd for addetiortal advances, togatlter with all surna paid by said 7'he Equitable Building and [gran Association of Grand IaLnd,
<br />Nebraska foe insurance, taxes and assesssneuts, and abstracting extanainrt charges, with ;merest thereon, from date of ptytmm at the maximum
<br />legal rate.
<br />Aa providW in rite Flexed secured hmeby, v°hile thss mortgage remains in affect the mongagee may hereafter advance addnional stores to rho
<br />makers of said aond, ttrcir assigrts ar s+u:rxascns in mtotest, which sums stsall be trithin the security of this martgago the ame as ttta funds ntigirgay
<br />ttz-uteri Iheralry, test total anrotsnt of principal dobt [tat tcs exs~d at soy ftmo the nrigiaa! arrrount of tbia mnrtt.
<br />ttta 27th da ep bet A. n.,1v79
<br />tldot-.f F. P1 ~ i ~> >..-
<br />Jeannice R. late
<br />57`A"fl Qft NP$RA.SKA, ~ $. On teals da of 19 ,before me,
<br />cottNrtroFtlAU 27th y September 79
<br />the ttndarsgptad, a Notary Public in and for said Cotmty, pexsanatly Tama
<br />Rudolf F. Plate and Jeannice R. Plate, each in his and her awn rig}~~ and as sp~~ou~~y oaf etch
<br />ostler are
<br />eras to bo the identical persons whose °a~S are affixed M ttta above' rat as mortgagor g and they severally
<br />acknowledged the aid instrutrttmt to be their voluntary act and deed. f`°~~
<br />wtTNlraS ray hand sad Notarial Seat the date aforesaid. ~C/l ~
<br />My Comntissiott eagires
<br />~ ~~~ ~`~
<br />ta7rasar m ~ f ~ ~ ~Gfrv[R^t no^t net: rally . ,- ntary Public
<br />~/ oats of Nebr.
<br />'~ ~ ~ ~ ~nr:t,s ~v. o~sorv
<br />.~ Aly Caur- Ean, fray. 12, 19]9
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