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<br />MaRTGAC"">l•
<br />-- - MORTr'ACELOANNO. L 23,62$ MGIC
<br />~.~lawAl-LMeNSr"1YI><s~pR>:s~NTS;"c~at Howard M. Edwardson and Patricia C. Edwardson, each in
<br />his and her own right, and as spouse of each other
<br />Twenty-two Thousand and NoJ10O------------- Martgagar,whetheroneormorc,incornidcratioaoftt~awmof
<br />--------°----°-------------- - DOLLARS
<br />loaned [o said mortgagor by The i:qui[abM Building and Lawn Association of Grand f eland, Nebraska, Mor[ga~e, upon 22D Mara of stock of
<br />said ASSOCIATEON, Ceriifipte No. L 23,62$ MGI (, do hereby grant, convey and mortgage unto the acid ASSOCIATI03Y the followi[tg
<br />desaiced real estate, situated in Hall County, Nebraska;
<br />LOT TWO (2) IN BLOCK TWENTY ONE {21) IN THE ORIGINAL TOWN, NOW CITY Of
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenemer.U, hereditamenu and appurtenances thereunto belonging, including attached flooz coverings, aU window staceru,
<br />window shads, blinds, storm windows, awnings, heating, air wnditioning, and plumbing and water equipment and accessories thtreto,pumpa,stova,
<br />refrigtrators, and other fixtwes and equipment new or hereafter attached to or used in cannectian with said real estate.
<br />And whereas tfte said mortgagor has agreed and does hereby agree [hat [he mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon Otis mortgage and the bond secured thereby before tite sarot shall became delinquent; to fetmish approred
<br />itnsurance upon the buildings on said premises situated-in the sum ofa 22, DOO, 00 payable to said ASSOCIATION and to deGtxr to said
<br />AS.StX'IATION the pt>licies for said insurance; and trot to wmmit ar permit anp waste on or about said premises;
<br />to case of ~tefault in the performance of any of the terms and conditions of this mortgage ar the bond secured hereby, the trwrtgagee shaft,
<br />on demand, be entitled to immediate possession of the rrwr[gaged premises and the mortgagor hereby assigns, transfers and sets ow- to the
<br />mortgagee all the rents, rerenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and [he mortgagee strap have the power to appoint any agent w agents it may desire for [ht purpose of repairing said premises and rrntiug
<br />the same and ~roBecting the rents, revenues and income, and it may pay out of said income all expenses of repairing seal prerises sad ttetx~ry
<br />commissions and txprnses incurred in renting and managing the same and of ~rolleci.ing rentals therefrom; the balance rerttaittit[g, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existtoa of such
<br />d'tfauh, i€rtsptclivt of any temporary rvai+~r of the satrs_
<br />Ttttse P:rst ts, hcrwev~r, art npsxn the Condition, That if the said ritartgagar shall repay said taan on ar before the maturity of said shares by
<br />paynxnt; pay taanthiy m said ASStX'iATif]tV of the Bunt sptcifitd in tfie Band secured hereby as intertsi and prisrcipa[ an said lc~rt, on or befa[e
<br />the't'wentiethday at tac:h and rrerp month, um it said loan is fuIty paid; pay all [axes and assessments ltvied against said pre:rists amt rtes Chit Mortga~
<br />and the 13irnd secured tltezcb_y, btforx delinquency; furnish approved insurance upon the truitdirtgs €itertrxt in tk,e start of $ 22 , OOO, t`~~ aayab~
<br />t ;,d#1 f,S~.~tA'l`?~N; rc~y to ss~± ,`3,f~`IATION upon dtntatw alt matte_y r:_v it paid fir sum taxes, >~.;.ents artd ia~antc with httemst at
<br />the maximum legal rate Thereon frocrr date of payment all of which Mortgagor hereby agrees to may=permit tuz ±~adaan~rdprt~~s;r~,. a[~,~,.,4-p,s•
<br />with all the agreements and cxmditians of khe. Band far 3 22 , OOO, O~tlt:~ day giver•a by t~ said ~~rttgaear to ~ ASSOfiIA'!';ON, r„~.
<br />with atl khe requiretrtc:us t;f the Constitution attd By-Laws of said ASSt7C[ATiOY3; then these prtsents xttall become nub utd void, othetwi~ they
<br />shah remain in full force and Wray be fareclased at the option of the said ASS(xiAT10N afar failwe far three months W make say of said
<br />paynxnis or be three months in arrears in making said monthly psyrrrents, or to keep and comply with tEte agreements and conditions of said Bond;
<br />aad Mortgagor agrees to have a teuiver appointed forthwith in such fbreclosurt pro dings.
<br />if there is any change itt awrrtrship aithe reef estate titartg:iged herein, by sale ur otixrwitt, then the en[irt remaining indeb[edcess hereby
<br />soured shah, at the aptiou of The tiquitablc Budding and Lunn Association of Gnnd lsiand,Ntbraska, betorrte immediately due and payable without
<br />fwthtr notice, and the amount retttainir[g due under said band, and any other bond for any additionsi advances rttadt tikreundex, aha6, ;rant the
<br />date of exerci~ of saki option, bear interest at the rnaxintum legal rats, and this mortgage stray then be far[Cla3Ed to satisfy tlu aerratttet dot on raid
<br />bond, and any ether Etond feu additirmal advances, together with elk sums paid by said The E"gtutatxk Buildisrg and loan Aasuciatusa of Grand IaHnd,
<br />Nebraska for insurance, taxes and assessments, and abstracting eztrnsiun changes, with intertsi t}urtoa, tram date of payment at the maximum
<br />ltgtd rate.
<br />As provided in the &md secures hertby, while this mortgage remains in effect the iraxigagtr may hereafter advance additiortaf sums to the
<br />trratcen of said Brmd, their assigns or successors in interest, which sums shall be within tht security of this trtortgage [ht same as [he ftmds otiginaBy
<br />secured thereby, 4he total attic+unt of prinupal debt oat to extrayi at any time the or~jnal amount of this martga~e-
<br />Da~ed m;a 16th day °f Nove~ttber A, ia.. tv 79
<br />1 ~/
<br />_._
<br />Patricia C. Edwardson
<br />sTa7's a!= N~BrzASxA, ~-~ oa this 16th say ai November iv 79 , beiorc rot,
<br />catmrsr ar HALL
<br />- - - -- - - - the undersigned, a Notary pubti4.' and for said County, personally tame
<br />Howard M. Edwardson-and Patricia C. Edwardson, each in his and her~Rwn right, and aaSS sppouse
<br />Of•each-other ° personapyknoAmto
<br />tae to be the identical person $ whose nanceS art? affixed to the about instrument as mortgagor S and they severally
<br />acknowledged the said instrument fo bt their voluntary act and deed. ~'
<br />WITNESS my hand and Notarial Seas the dew aforesaid. r3
<br />My Crrtmtisaiort expitxs ~ y / "
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<br />147rFZM ni t ~ r ////
<br />~'t__ _,_-.,--~___ __....., i# 1.?981
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