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<br />MaRTf;Ae,7a
<br />_ _ MORTGAGELOAiYNO. L 23,b62
<br />IQdOA'ALLMGNBYTHESEFt2FSENTS:That Janice hS. King Cox and Gerald F. Cox, her husband
<br />Motagzgor, whether one or more, in consideration of the sum of
<br />Thirty-one Thousand and No/100-------------------------------------------------
<br />---- --- DOLLARS
<br />kraned io raid mortgagor by The Equitable HuiWing and Laan Association of Grand Island, Nebraska, Mortgagee, upon 3IQ shares of stodt of
<br />said ASSOCIATION; Certificate No. L 23,662 , do !xreby grant, convey and rrwrtgage unto the said ASSOC[ATION the following
<br />described real estate, situated in Ball County, Nebraska:
<br />WESTERLY FIFTY (50) FEET OF LOT EIGHT (8) IN BLOCK
<br />TWENTY-THREE (23) IN RUSSEL WHEELER'S ADDITION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attarlted floor wverittgs, all window sceeens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps,atovra,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to ax used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and dons hereby agree that the mortgagor .`all and witl pay cell taxes and assessments levied os
<br />assessed upon said premises and upon this mortvage and the bond secured thereby before the same shall became delingtxnt: to foolish approved
<br />insurance upon the buildings an said premises situated in the sum of 5 3I, OOQ , QO payable to said ASSOC'IAT[ON and to deliver to said
<br />A.SS(x'IATION the polities for said insurance; and not to rvmrnit or permit any waste on or about said prernLses:
<br />In lase of default in the performance of any of the iertru and conditions of this mortgage or the bond secured hereby, the mortpgee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to tlw
<br />mortgagee a!1 the eenls, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness stall remain
<br />unpaid; and the mortgagee sha0 have the power to appaini any agent or agents it may desire for the purpose of repairing said pretrtises and renting
<br />the same and collecting the roots, revenues and income, and it may pay out of said income all expenses of repairing said prtmists and neces~ry
<br />commissions and expenses incurred in renting and managing the same and of callectirtg rentals therefrom; the balance retmining, if any, [u be
<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, irsespeetire of any temporary waiver of the same.
<br />The-s. Pr¢sents, F.awever, are up€rn tt,e Cr;nditian, That if ih~ said Mortgagor shah repay sairi loan sn or before the rnaturtty of sstd shares by
<br />payment; pay monthly to said ASSOCIATION of the strm specified in the Bernd secured hereby as interest and principal on said loan, on or before
<br />t!te'(Wctitticih day of each and every ttwnth, until said Ivan is fatly paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Hoed secured thereby, before dclinquenca; furnish approved insurance upon the buildings thereon i.•t the sum of S 31 , Of}0 • QO p;+yable
<br />is ~;4! e.SSOCIA'f7O'~ _. repay to sad A~SOCIATIL}N-opcrtt d=rt~nd alt rrrctney by it maid tot su.~-h ;3zis. ass~.~ar.~u:s and 'snst:.:nx witls int~txst at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pry; permit nu wanton said premises; keep and comply
<br />with a!I the agreements and conditions of the Hood tar S ~ t , D©D • 00 this day given by the yid Mortgagor to said ASSOCfATION_ artd comp7~
<br />with ati the reguirernerds of the Constitution and fly-taws of said ASSOCIATIONI; then these prtsenu shalt beeorne null and void, otherwise they
<br />shall remain in full force and may be foredased at the option of the said ASSOCIATION after fadure for three months to make any of seat
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agrcernents and conditions of said Hood;
<br />and Mortgagor agrees to have a receiver appointed forthwith m such foreclosure proceedings.
<br />I(there is any change in ownership of the rtal estate mortgaged herein, by sale or otherwise, then the enure rcrruinittg iridebtedtress hereby
<br />secured shall, at the option of The Ligttitablc Building and Laan Association of Grand Island, Nebraska,becortY inuttedistely dot and payable without
<br />further notice, and the amotmt remaining due under raid bond, and any other bond for any additional advantxs nude thereunder, shall, from the
<br />date of exercise of said option, bear htterost at the maximum legal rate, and this mortgage may than bt foreclosed to satisfy the atnatmt due alt fetid
<br />bond, and any other hand fur additional advances, together with alt sotto paid by said The I:gttitahk Building sad Loan Association of Grand Island,
<br />Nebraska tar instuatue, taxes and as5essrrtents, and abstne[ing extension charges, with interest thereon, from date of peyrttent at the ntattimum
<br />legal rate.
<br />As provided in the Bond stcured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additi>nal runts to the
<br />makers of said Band, their assigns or successors in interest, .vhich sums shall be within the security of this rttortgage the saint as the funds originally
<br />secured thereby, the total amount of prvtcipal debt not to exrxed at any tisre iltt origvtal amount of this rrwrtgage.
<br />~,-~ Dated thin 19th dt@~ of December A. D., Iv79
<br />~.J ~ F
<br />6e~ ld F. Cox
<br />STATE OF rtEB~ASKn, ~ ~ O„ thin 19th day of December 1679 , htfore ttte,
<br />COUNTY QE 41AL.L
<br />the tmdersigmd, a Notary Public in and for said County, persQnaHy catrm
<br />Janice M. King Cox and Gerald F. Cox, her husband wh„are
<br />personally known to
<br />ttte to be the identical persons whose name S are affixed to the shove ' nt as mortgagor S and they severally
<br />arknowkdged the slid instrument to be their voluntary act and died. ~l
<br />WITNESS my hand and Notaries Seal the date af~resaid.~•/J)/J ~~ J/
<br />My Commission expires - ~ f/ ,%
<br />rata-zst xt ~i GENERAL NOTARY• Sa.e of N¢traska G- -'°~ ~Natan' Pubh~
<br />~a;~ JAMES W. OLSON
<br />: Nit My Cann. Exp. Nav. 72, 1983
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