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<br />MORTGAGE,,
<br />MORTGAGE LAAN NO. L 2.,,655
<br />KNOyvALLMENBYTffiESEpRESENTS:That Donald .R. Mason and Beverly J. Mason, each in his and her
<br />own right, and as spouse of each other
<br />Mortgagor, wtltiher one ar more, in wrtsideratmn of the sum of
<br />Ewen Thousand Seven Hundred and NoJ100------------------------------------------ ~Ly,~~
<br />boned to said mortgagor by The Equitable Building and I.aan Association of Grand Isfarul, Nebesska, Mortgagee, upon 117 stare of stock of
<br />said ASSOCIATION, Czrttfipte No. L 23,655 , do hereby grant, convey and mortgage unto t}te said ASSOCIATION the followhrg
<br />descritxd real estate, sifuattd in Hall County, Nebraska:
<br />LOT ONE (l) FREEMAN SUBDIVISION, AN ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />together with all the tznements, hereditaments and appurtenances [hereunto bebnging, including attachtd floor coverings, ap window atreens,
<br />window shades, blinds, storm windows, awnings, heating, air cunditiunirrg,and plumbing and waterequipment and sccassories thereto,putnps,stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter ai[actced to or used in conne_ lion with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree brat the mortgagor shall and will pay aB taxes and assr~arrlents levied at
<br />assessed upon said premises and upon this mortgage and the band secured thereby befort the sarrrc shall become dtlingrunt; to furnish approved
<br />instuancz upon the buildings on saM premises sftuated•in the sum of S ] l 7DD. DO payable to said ASSOCIATION and to deliver to raid
<br />_ ASSOCIATION [he polities for said insurance; and nn[ to cotttrtill or permit any waste on ar about said promises; _
<br />in case of default in the performance of any of the terms and condrtians of this mortgage or the bond secured hereby, the tla3rtgagCC slisB,
<br />on demand, be entitled ur immediate pu:sessiun eC the mortgaged premises and the nrortgagur hereby assigns, transfers and sets ovsr !o the
<br />rtiortgagee all the rants, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedntss shall renalin
<br />unpaid; and the mortgagooe shalt trove the pawn to appoint any agtnt or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and It may pay out of said income all expenses of repairing said prctiiises and rrocemry
<br />mmmissions and expenrs incucrai in renting and marvrging the same and of colecting rentals therefrom; the balance remaiaisrg, if any, to be
<br />applied toward the discharge of said rtwrtgage indtbtedness; these rights oC the mortgagee may bt exercised at aay time dutitig tht axisttnce of siutt
<br />default, irrespeetn~r of any rem-t„srary waiver of thz sarrre.
<br />Tfiese I'rtsents, fowtvrr, art upon ehe Coriditnm, That if'tltt said Aiurtgagor shad repay said [wn an or before the maturity of said Marta by
<br />payment; pay monthly to said ASSOCIATION of the sum spacifted to the Ikrnd secured htrtby as itf4-.rtst and ptiruipal on said loan, on ar btfart
<br />tht Twentieth day of each xnd every month, until said loan is fully paid; pay alt taxes and assassrtrents kvitd against said p[entises and an this Maregrigc
<br />acrd tht trued secured thereby, befart de[rtulucniy; furnish approvtd instleanr-e upon the buildings thtreatt ig tht sum of S l l , ~~. OO payable
<br />w ~i.t r'aSstX;iA`ft,i, rzpay to sun; AS.SCX CATION upon detrnnd all monty by if pod for such texas, asstsantnts seed insurance with intprtst at
<br />ttra maximum legal rate thtreon from data of ~ymcnt all of which Murtga~var hereby agrees to pay; ptrrrirt nu wasis<onsa!d ~ttt~s~;k €g am! €v.~rpty
<br />-.with all tht a~rtcrrxnrs end scindit~~rs of ~ Itrrnd for i l l ~ 70D.DD_ this.day git~u by t~ g to ASSO(:-4AT~, a~ t _ --
<br />with aEl fltt rtquuomrrts of ttre Constitution and BY-Laws of said ASSOCtA`ftON: thin these presentably str~aliorbecamt null and wid, aihtrwfst thty
<br />shag rcaain in full force and may be foretluscd at the option of the said ASStX'IATION atttr faillue for thrx rrtonths to aakt any of seed
<br />payments ar be three Irwnths in arrears in making said monthly payments, or to keep ami comply with flu agreements and wnditioas of raid Bond;
<br />and Mortgagor agrees to have a rrtaiver appointed forthwith in sutdt forecbsure prooecdirigs. -
<br />tf there is any tharrge in ownership of the rest estate mortgaged heron, by sale oc athervrise, than tta tntire retraining i~abttdmss heresy
<br />soloed shall, at the option of The tiquitab-c Building and [.oan Association oi(;rand Island, Nebraska, bacorix inirttediatety dlte sad pyabk vatdruut
<br />ftuthtr notice, and the arntrunt remaining due under aid band, and any other hand tar any additional advances made tharcwrdtr, ahaB, from the
<br />dolt of txcreise of said optwn, bear interest at the maximum legal raft, and this mortgage may then be foreclvstd to ~tiafy tltt atrrowrt dirt tm said
<br />bond, and any other txmd fur additional advances, tugtthrr with aB stuns paid by said The Equitabk Building and Goan Aavuriatton of Grartd ta4tnd,
<br />Nebraska for insuranc-t, notes and autsarrMnfs, and abstracting axtcnaian chargts, with interest thereon, Pram date of payrtient at the naximum
<br />least rats,
<br />As provided rn the ltand secured hereby, while thix mortgage curtains in tfte~k tht mortgagee may hereafter advance additional alum to the
<br />naktrs of said Band, their axsigna or sutcesuua in interest, whicfi :umx shag he within tht security oC this martgagt the same as the fwrds arigimBy
<br />raraarrcd thtretry, tht eotal arnautn of printipaf debt not to extxxd at any tittac the urigilal amount of this mortgage.
<br />~ Itatta this i,.l,th~ ,,. day of Dectmber A. rs., Iv jg
<br />a ~ s n , r. ~ _ _.___.__.__..
<br />- }, -
<br />Bt:verly ~, Mason
<br />STATE Or• NEaItASICA. ~ aa. t7rt this 1 l th day of December 19 79 , bafare mt,
<br />c~nc~N ; y aF IIAI.I.
<br />the undersigned, a Notary plrblic in and Cor salt! County, persompy ame
<br />Donald R. Mason and Beverly J. Mason, each in his and her own righ~,~and as s~yY fah
<br />other ~'"T`~ are
<br />ex t„ be tht identical persorrS whost netrta5 die atTixed to tht atro~ ins4mt>ent as mt>ftgagar g and they severally
<br />erhnowledged !ht said instrument to be their vohmfary act sad decd. / ~
<br />f,.
<br />WITNESS my hand and Notarial Seal the date afateaxid. '`r -•`~
<br />?ay Ca . , _ ~ .--~ ,
<br />~~' 1
<br />x E:asast °af+?Y t2tafa~ Kra`- a ~ ~~~-~"-:°
<br />IQ?a•aN RI ~ ~~~ J-. Y - 4Zf.c{ .~.% ~ ~-~~bL~ti~.-_..
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