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<br />MORT'GAG'E -- - - ---- - --- --_ ,..~.~, __.._.._ _
<br />~~-_^-'~~- u^~^-.-__v - -^ ~ :.iDRTGAGE LOAN NO. L ~~ , ~~~
<br />iWOWALLMENBY7HESEYRFSENTS:That Wayne E. Essink and Suzanne P9. Essink, each in his and
<br />her own right, and as spouse of each other
<br />Mortgagor, whether ont or more, in consideratiaa of the sum of
<br />Fifty-two Thousand and Noj100----------------------------------------------------- ~Ii AFtYS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 520 stores of stock of
<br />said ASSOCIATION, CertiCcatc No. L 23 ,63Q , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT FIFTEEN (15) IN BLOCK TWO (2) IN SEL-AIR ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NE6RA5KA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, ireeluding attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other £xtures and equipment now or hereaftez attached to or used in connection with said rest estate.
<br />And whereas the said mortgagor has agreed and dots hereby agree that the mortgagor shall and will pay all taxes and assessmeatr levied or
<br />assessed upim said premises and upon this mortgage and the bond secured thereby before tht same shall become delirtquent; to ftunish approved
<br />insurance upon the buildings on said premises situated in the smn of S 52 , ODO. ~O payable to said ASSOCIATION and to deliver to said
<br />ASSDCIAT-DN the policies Cur said insurance; and not to commit ar permit any waste on or about said premises;
<br />to case of default in the performance of any of the terms and conditions of this mortgage or the bond secured trereby, the mortgagee shag,
<br />on demand, be entitled to irnmediatc possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and urcome to be derived from the mortgaged premises dtuing such time as the mortgage indebtedness steal! remain
<br />unpaid; and [he mortgagee shall have the power to appoint any agent or agents it may desire for [he purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of ;aid income all expenses of repairing said premises and necessary
<br />commissions and expellees incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to Ile
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waivxr of the Borne.
<br />Ttttst Presents, lrotvever, are ulxn the Candition,That if ibe said kiortgagor shah repay said loan an or before t#te Wtaturity a£ said shams by
<br />paytntnt; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and princi~l on said loan, on or before - -
<br />',, `~ the Twentieth day of each and every month, wail said town is fulty paid; pay all taxes and assvssnrtnts levied against said premises and un this Mortgoge
<br />- and tht Bond ser:nred thereby, betr;re de-linquency; t`urnish approved insurance upon the buildings thereon in the sum of S 52 ,000. a0 payab~
<br />__ to said AaSOv1ATION; repay to sold ASSOCIATION upon demand all money by it paid far such taxes, as~ssttn-nis and in3ura, wiitt iatinrest ai
<br />the maximum legal rate thereon from date of payment a[i of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />I'
<br />. _-. with all the agreements and ~+nditians of the Bond for S S~.,QQQ. Qnthis day given by the said Mortgagor to said ASSOCIATION, sad comply
<br />with ail the requirenttnts of the Constitution and By-taws of Bald ASSOCIAT[ON; then these presents shall become null and void, otherwise tlxy
<br />shall remain in full force and trtay be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or he three months in arrears in [Waking said monthly payments, or to keep and atmply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If' there is any change in ownership of the real estate mortgaged Feertin, by sate or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br />further notice, and the amount tenraining due under said bond, and any other bond for any additional advances made thereundtr, shah, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage Wray then be foreclosed to satisfy the amount due wt said
<br />bond, and soy other bond for additional advances, together with alt Burns paid by said The F.quitablt Building and L.uan Association of grand Ishund,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />_ Icgal rate.
<br />As provided in the Bond secured hereby, whJe this mortgage remains in effect the mortgagee may hereafter advance additional Bursts to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall he within the security oC this mortgage the same as the Ctmds otigirutBy
<br />secured thereby, the fatal xtratunt of principal debt nut to exceed at any titrtt the original amount of this mortgage.
<br />oat This; 19th day of November A- n-, 1'J 79
<br />ne 55 k~_.,_-. ,.-..__
<br />t'_.-%
<br />-Suzan a M. Essink
<br />STATE of t~IEBRASKA, ~ ~_ ~„ this 19th day of November Ig 79 ,before toe,
<br />COUNTY OF HALL
<br />L ttte undersigned, a Notary Public in and for said County, perroWaBy same
<br />of er E. Essink and' S>3zanne M. Essink, each in his and i,er own rigw~d aadeas p~~natrylcOituwn~o h
<br />the to be ttx identitxl persom whose »arue 5 are affixed to the above instrument as mortgagor g and they sevtraBy
<br />adtnowledged the said ittstrutnent to be their vtrluntary act and deed. ~ ~ ~_%"~
<br />WITNESS [try hand and Notarial Seal the date aforesaid. , /~
<br />A4y Cummi~ion trxpites /~ ~ _
<br />{~~ Notary Pubric
<br />tazazat at ~ / _ y ~ _ y;^ ~^ ~GtNERAI NOTARY-Stata of Nebraska
<br />. G~ ~,J JAMES YJ. OLSON
<br />Iay Comm. Exp. kav. 12.7993
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