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<br />MORTGAUi: _ _
<br />MORTf;AGE LOAN NO. L 23 , 567
<br />IcNOwA1.LMExeYTx>;s~ptzisENTS:That Elven J. Sullivan and Irene D. Sullivan, ei;-h in his and
<br />her own right and as spouse of each other,
<br />Mortgagor, whether one or mutt, in consideration of tlx atrm of
<br />Earth'--7houSs~lr d and No/100-_ -------------_----------------------------------------bot.t.aRs
<br />loaned to said mortgagor by The Equitable building and Loan Associatirrn of (,rand island, Nebraska, Mortppgte, upon 4DD shares of atocic of
<br />sate ASSOCIATION, Certificate No. L 23,567 , do Ftereby giant, convey and mortgage rmio the said ASSOCIATION the iollowing
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT SEVEN (7] IN BLOCK TWENTY-ONE (21] IN
<br />CHARLES WASMER'S ADDITION TO THE CITY Of
<br />GRAND ISL,4ND, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto helonging, including attached floor covsrirtgs, all window screens,
<br />window shades, blinds. storm windows, awnings, heating, air conditioning, and plumbing and water equipment and aceessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and tquipmrrt row or hereafter attached to ur used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree That the mortgagor shall and wilt pay cell taxes and assesanenls levied of
<br />assessed upon said premises and upon thit mortgage and the bond secured thereby before the same stroll becor[K delinquent; fo furnish approssd
<br />''~ insuranrx upon [he buildings on said premises situated in the sum of S 40, 000. DO payable to said ASSOCIAT[ON and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste un or about said preutists;
<br />In cast of default in the perforntana nC any of the terms and cronditions of this nwrtgage or tht bond secured hereby, the mortgagee r3uU,
<br />on demand, be entitled to immediate pusses ion of the mortgaged prcrois.:s and the mortgagor hereby assigns, Vattafera and sett oust to the
<br />rrmrtgagce all the rents, revtnues and income to bt derived from the mortgaged premises durir>g such tune as the mortgagt irtdebtedmsa shall remain
<br />unpaid; acrd the mortgagee shall have the peewee to appoint any agent qr agents it may desire fur [be purpose of repaving said premises and rentittE
<br />the same and croiktYing rite rents, revtnrrts and income, and it may pay out of said inuottx all expensts of repairing said premises and rra>csmrry
<br />mtnmi~ionc and expenses incurred in renting and managing the same and of collecting rentals therefrom; [ht balance rerrtaining, J any, to be
<br />applied tows€d the discharge of said n~rtgage indetatt~lness; it~se rights of tIt_ trtortgag~ :nay be txercisd at soy time dtrsing tltt existenct of stn{:
<br />'~~default, irresptctive of any temlxxary waiver of the same,
<br />These Presents, however, ara upon the t'unditiun,'fhar if the caul Mortgagor shall repay said loan on or Ixfore the maturity of said shares by
<br />payrrtznt; pay monthly to said A.SSOCiATIt)N of the sum spzcified in the flood secured hereby as interest and principal on mid loon, on or befom
<br />'~. tt~ i rrrr:ti.'Ih day of earn ancf es-rty roe..-:th, unlit ~tid loran is fully polo'; pay rttf taxes and assessments kvkd co~inai said prtnrisCS Arid tm this Mortgage
<br />ar;tl tl~ I+~:nd :x~ure:.+ thr;rbs•, t;=!txr ±-t:.^-n, ::'; f€trts'~,': app=a+r€d z~sran~~ t~pr±n tz4e htrik~iugs itttrzwt ire the oust of 3 ~{}, Q~~, ~~ payable
<br />is said AS,SiX.TATIfYti; repay t said aSSt3t'lATtt}'V upon drntartd alt county by it paid Cor such taxes, assesmunts sad inxtt[anet with interest at
<br />'.the rr~xtrnunt t tor.., th rr-... ,.,,... ~.,, ~.f ~ yr ;cep. ut wh ~,h Ma ;x-agrsr hrtrby aE:c-~ tom, pay' Iti`rntit tk~t w~£zon said pres,is~s aa~iy
<br />whit cell tilt agrttaxnts aatd ~-cndition< r~Y t~tr Fl•_+nri f.,r ~ LuJ, QOD. DQ ttris flay givtn by the said Mortgagor to mid A$SOClA7101d, apd rvatpiY
<br />witA cell t/re requverrrcnts of the Cunsrrtution and sy ~t..aws of saW ASSOCIATION; then these prestnts sftall become null and void, uthetwis thry
<br />shall remain in full force and nuy br forrci+rsrd at the option of ehr said ASSOCIATION after failtrte for three months to make arty of mid
<br />payments or be three rmnrtity in srrcars in rnakutg card rttunthly payrrrrnts, ur to keep and armply with the agraments and cnndrtiorta of said ltund;
<br />and Mortgagor agrees to iwvr. a rcreivrr appointed furthwnh in such forecktstue proeecdirtgs.
<br />if there is any change ut uwsretship of"the real estate rrxxtgaged hertwr, by sale or otherwise, thea the entire rr itsdtbtadrr~ hereby
<br />a~uied eftall, at flee option of The Equitable Budding and Loan Association of Grand Isiard, Ncbraalca,beuome ivutttdiateiy due and pyabk withrwt
<br />ttvr~er rrati~, artd the aexaaunt remaining due neuter said tsund, and any outer bond tut any additional advances made iheretmskr, tihati, from the
<br />date of exerr:ise of mid option, blot interest ar rtre maximum legal rate, and this mortgage may then be fo[ecbxvi to irlisfy the rtgrOrapt drte ov said
<br />hood, and any athtr frond flu additicrna! adrrrrm, tugrttwr with sli urnv paid by said The Egttitabb atv7dirrg ark Loan asartraation of Gra~rtd iaMttd,
<br />Ntbraalta for insurance, taxex and assesurrents, atnl abstracting rxterrsion charges, with intwtst thtrenn, from date of payment at the ttgximum
<br />legal rain.
<br />Ax providtd in lire Itrnrd secured txvrby, while rho m+xtFpgr rerirains in tffect the ntartgaget rmy hereafttr advanoa additicxud seems to tilt
<br />ntaktrs of said lir>nd, ttt'`~ asKpns or surc+rasx,s m urrrrest, wlu: h sun's s1ta11 be within tht seetuity of this tmtrig~e tht same u tltr funds uri~inally
<br />arszured ttrereby, tht total atrnaun! of principal ckbt ao! to exceed at any time the origittil amount of this rttorlgsga.
<br />nand thin 28th y r,t Set taer a. a., Iv ; 9
<br />t'-
<br />,.~,./
<br />Elven ~. S iv~ ~
<br />tens D. Su I~van~"~`~~~-~~~~~
<br />STATE OF NEBRASKA, ~ On thrx ~. Q~ day uf -St~c~'1t4cirt 19 fi`r' , betose me,
<br />COUNTY QE MALI.
<br />E 1 yen J . Sul i i van and Irene D. S u 11 i van , ~ tuxlersigned, a Notary Pubtic in and for said County, personally came
<br />each in his and her own right and as spouse of each others who are persorullykvowntn
<br />roe to he the identirai ptrson S wtttrse rtanrt c dye atT:xed to the about instrument u mortgagor S atxl they txverally
<br />ac~rrtowiedgad the cote! instrument to be ~ set amt dttd.
<br />R7TNFC5 soy Is: ec! ' daft a€
<br />MyCommirrsionex ' t S~ ~tAAi,t~,
<br />41' NEBRA$tir, NOta[y Public
<br />f Cr3r:+iiS510N Bx RrR@4
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