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<br />w"' ~'m~Y au
<br />!Mak'~t'~~Arl
<br />wQlt~lt Ar ty Lt~AV ~,;~. H -.I~„~.-~ ,,, ~.- (FHA}
<br />tow ALL 4trri BY TltlsF PaES>:*~TS: Tr3t names L. Gade artd Mary C. Bade, each i n his and her own
<br />right, and as spouse of each other
<br />Mangagor, whtLher one of mono, in wnsidtration aC the stun of
<br />Seventeen Thousand Nine hundred Seventeen and_201 i00--------------------- --nptfe~
<br />loaned to said mortgagor by The Equitable Building and Loan Asvtchiion of (:rand Island, Nebraska, btartgagee, upon ~ $4 shares of erode oC
<br />said ASSOCIATION, Certificate No. L H- I sFj~j (F~}hereby grant, convey and nxmtgagz unto the said ASSOClAT10N the foBowittg
<br />described rea} estate, situated in hall County, Nebraska:
<br />LOT SEVEN (]), IN BLOCK "C" IN PARKVIEri SUBDIVISION,
<br />LOCATED IN THE NORTHEAST QUARTER (NEt,) OF SECTION TWENTY NINE
<br />(29) AND THE NORTHWEST QUARTER {NWt,} OF SECTION TWENTY EIGHT
<br />{28), TOWNSHIP ELEVEN (11}, NORTH RANGE NINE (9} WEST OF THE
<br />SIXTH P.M.
<br />together with all the tenements, hereditantents and appurtenances thzreun[o belonging, including attached floor cavErings, aB window screens,
<br />window shades, Minds, storm windnws, awnings, heating, air conditioning, and plumbing and wateregtriprnentand arces~rits tlurtto,purrps,stoves,
<br />refrigerators, and ether fixtures and equipment now or hereafter attached to or toed ir. connection with said real estate.
<br />And whereas [he said mortgagor has agreed and dues hereby agree that the mortgagor shall and will pay a- taxes and aases.~eats levied o:
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before thx suns shaft berxirtrz delinquent; icr furnish appraveei
<br />itsurance upon the buildings on said premises situated k the sum of 3 I ], 9I ], 2D po~abk to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and ant w cammif or permit any waste on or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the band secured hereby, lire mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortga~+ed premises and the mortgagor hereby assigns, transfers an<3 Sts over to tht
<br />mortgagee aB the rents, revenues and incorrre to be derived from the mortgaged premiers during such time as the mortgago indebtedness $eaII romoin
<br />unpaid; and the mortgagee shag have the power to appoint any agent or agents it may desue for the purpose of repairing said premises and renting
<br />the same and rnUecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and nttessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward [he discharge of said mortgage indebtedness; these rights of the rtwrtgagee may be extrcised at any time during tht existence of sudt
<br />defardt, srespecti:m of any temporary waiver of the same.
<br />s hzae ptes~n:s, howzvzr, are open the Condition, 7Ytat if the said Mortgagor shalll repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as intortst and principal on said loan, on of before
<br />Lire Twentieth day of each and every• month, until said loan is CuAy paid; pay sit taxes and assessments levied against said prem~s sect on Lhi: Mortgsge
<br />attd the Bond seFVred thereby, before delingtrert~; furnish appraw„d irtstrrarttce upon the buildings thzrean in the sum of $ ~ ] , }~ ], 20 payable
<br />~ ~~ k-~-5£;C1ATivN; repay to said ASSOCIATION upon demand all money by it paai for such taxes, assessmeats and ir~irran~ with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor l~?roby agrzes to pay; permit^.a ssostean said ~~~-~+~;kcz arm
<br />p ~'~tY
<br />with all the agreements and conditions of ttte Band for ~ ] ] , 9I ] . 2D this coy givtn by tlrr said ',.lortgagor is said ASSOCIATION, acrd comply
<br />with alt the requitement; of ihz Constitution and By-laws of said ASSOCIATION: then these presents shall become null and void, otherwise they
<br />shag remain in fuU force and may be foreclosed at the option of [he said ASSOCIATION after fadure for three months io make any of said
<br />payments ar be three months in arrears in making said monthly payments, ar [o keep and comply with the ag[aemen[s and conditions of said Bond;
<br />and Mortgagor agrezs io have a recei[~r appointed forthwith in such foreclosure procezdings.
<br />If there is any change rn ownership of lire real estate mortgaged herein, by ale or otherwise, then the entire retnairtirtg indebtedness hereby
<br />secured shad, at the option oC The F~quitabk Building and Loan Association of Grand Island,Nebraska, berrome immediately due and payable wittrout
<br />furt}ter notice, and the amount retraining due under said hand, and any other bond for any additional advances made thereunder, shall, from the
<br />dart oC exorcise of said option, bear interest at the maximum legal rate, and this mortgage may then bo forecosed to satisfy tho amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Budding and Loan Association of Grand Isiattd,
<br />Nebraska for insurance, taxes and asszssatents, and abstracting extensiam charges. with interest thereon, from date of paymen*, at the maximum
<br />legal rate.
<br />As provided in the &~nd secured hereby, while this mortgage remains le effect the mortgagee may hereafter advance additional sums to tht
<br />maktrs of said Bond, their assigns or successors in interest, which suttrs shall be wiL}lin the security of this mortgage [he same as [he funds originally
<br />secrrted thereby, the total amount of principal debt not to exceed at any limo the origins! amount of this mortgage.
<br />'~ 23 day of November A. n., Iv ]9
<br />,}am. Lam„ ~.
<br />Mary C. Gads
<br />STATE OF NF,$RASIZA, ~ $_ On this 23 day of November 19 79 ,before me,
<br />couNZY or ltAt.L
<br />the undersig»ed, a Notary Public in and for said County, personalty canto
<br />James L. Gade and Mary C. Gade, each in his and her own right, and wigs spouse o~ yhko~thneo
<br />are
<br />me to be thx identical porson S whose name S are affixed to the a mstrutnt3tt as mortgagor S and they sevzral(y
<br />ackttawtsdged the saw instrument to be thel r voluntary set and died. ,~
<br />wt'fNESS my hand and Notarial Seal the dart aforesaid. ~. ~j ""`':~ ~ t~-.-_.
<br />IAy Comtnistian ex ~ -. , ' ~
<br />- _ =~ t
<br />-_ of ~:.Public
<br />ts~~ m f / ~. ~ _ ~ ~ ~` ~yGECiEI?Al ti0?R~Y•State of Ne6rasiu ~
<br />JAMES W. DLSON i
<br />a;;'~° M,y CcTn. Er.7, t:y~. 12. IS85
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