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<br />MOItTGAGI~
<br />Mr3ftTt;AGI LoANNO- L 23,664
<br />iQrowAi.~MEN$v"tzyl=s~eR~s~TS:rhat Gerald D. Nei son and Betty M. Nelsen, eat:h in his and
<br />her own right, and as spouse of each ether
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />F~tv-six Thousand and No~00-------_ -___ =__--------------------------------_--~~~
<br />loaned to said mortgagor by The Equitable Building and Loan Association of C,rartd lslarrd, Nebraska, MoNgagee, upon ~6D stores o(stork of
<br />said ASSOCIATION, Certificate No. L 23,664 , do hereby grant, ronvey and rwrtgage unto [he said ASSOCIATION the Collowiag
<br />described tea} estate, situated in Ball County, Nebraska:
<br />LCT 5IX (6) IN VAN OHLEN SECOND SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />together with alp ttre tenements, httedita:nents anti appurtenances tfiereunta txlanging, including attac}ed fluor coverings, aB window screens,
<br />wittdaw shades, blinds, storrit wittduws, awnings, htatittg, air rnnditioni[tg, and pturnbing and water equipment avd acces~ries thereto, pttinps,statnrs,
<br />refrigerators, and other frxtures and equipment now or hereafter attached to or used in connection with sari real estate.
<br />And whereas the said trwr[gagor has agreed and does hereby agree that the mrrrigagar shall and will pay all taxes and assesunents levied or
<br />assessed upon said psrn»aes and upon this martgagr and the bond secured thereby before [hr same shall bearttre delinquent; to Cornish approved
<br />insurance uprm Ute brti.Mings un raid premises situated_it the sum of S 56 ,DDD. DO payable w said ASSOCIATION and Lo deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste un or about said premises;
<br />In case of default in the perfurntanz o(any of the toms and rxrnditions of Utis nwrlgage or the bond secured hereby, the nwrtgagee shag,
<br />on demand, be entitled to immediate n+~<k,n of ehe mortgaged premises and the rmrtgagur hereby assigns, transfers and sets over to the
<br />mortgagee alt the rents, rexntres and inrnme to br dcnved from the mortgaged premises during such titre as the tm)rtpage mdebtedness shag amain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premiss and rtvtiag
<br />the saute and tuflacKing the rents, revenues and inunne, and it may pay nut of said income all expenses of repairing said prnnrises and aeaesssry
<br />rpmrnissicrns and expenses mcurrcd in renting and managing the same and of collecting rentals therefrom; the balance rcmurtivg, if any, Fo be
<br />applied toward the discharge of said mortgage indebtedness; U[ese rights of the mortgagee ntay be exercised at any time doting the existence of sttdr
<br />defaudt, irrespective at any temporary waiver of the same.
<br />7i+esE ['resents, however, are upon [he C'unditiun, Thai if the said Mcttgac rr sha3! re}uy >aid bran un ar beforo the maturity of said slutres b}
<br />payment; pay nwnthly to said ASSOCIATION ut the sun; specified in the Brmd secured hereby as interest and prinapal on said Liman, un or before
<br />the Twentieth day uC each and curt}' month, until said loan is fully paid; pay all taxis and assesstrxnts h_vied:paiust said prenreses amt an thh Marigage
<br />and the Bernd ses'trred thereb}°. itefure delicquenc y; fLrnish ap~uved insara,~ u~a tF~ buildi.^,gs tt~~r~rn in itte sum of S .cib , DDD. DD ~yaasle
<br />Fa said AsSOCIAiIOi+; repay fir ,mid r's.S:*`vY iATiON upon dcmanrt ail marxy ir}' rt Ord tat such LaaeS, assce•ssrtxnts scut instoartce with inlerEii a!
<br />the Cnaxunum legal talc thcrtun from [late of payment all of which Murtaagur hemhy fees to pey perarrt rT w~e.rrr rut ~....~, k_r~.l, ~.r~t n.rtr~
<br />with aft the arruvxnts and .nil ,tun ~f the Ltur,_d fur ~ ~6 (jD(1, QQ ~„ dsY ~~u by r:~ i ~.[.,. ~. €ri azxi .A.s'.ti.~~tz rigsN.
<br />with all flee requucn~ats of the Crrnsrirutrart and By-caws otssaid ASSCX'iA'f lt)N; [hen these presems s_haU benrrrie nuB and void, otherwise they
<br />shall rrnuiti in full iirrce and may be iirreclnsed at the option of the said ASSO(:(ATION after fai}ure fur three rrwn[}ss to make any of said
<br />payments or br throe months in arrears m making said mnnUrty payments, ur to keep and comply with the agreements and curtditiurts of said Fkrnd;
<br />and Mortgagor agrees to have a reccivcr appointed forthwith in such foreclosure prcx~eedings.
<br />if [here is any change in ownership of the real estate mortgaged herein, by sale ur otherwise, then the entire renuining indabtedneas hereby
<br />secured shall, at itte option of'l'tte #:quitabir, Building and Luan Assarciatian of Grated lsiaid,Nebraska,become imnxdiatNy due atxl pryabk witfwut
<br />further notice, and the amaurt renutining due under said bond, artd any other tnmd far any addiliomt advances made tluretuider, shag, from the
<br />date of exercise of said option, beat interest at itie ntaximwn legal rate, and this tmrrtgage may then be foreclosed to satisfy [ht amtwnt due as said
<br />btutd,and avy other brxtd fur additirmal advamxs, tageiher with all sutras paid by said Thr t:[luitabk Building and t,oan Assor:iation of (,and [shad,
<br />Nebraska for inxuuana, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the trtaximum
<br />kgai rate,
<br />As provided in the Etrmd secured hereby, while Uiis murti,agr remains in effect the nwrtgager nwy hereafter advance addutunal sums io tht
<br />rnakre; of said &nd, their assigns ur wu:exans iii intrrrs[, which sums shat} he within the ra'curity of this mortgage the same as the funds originally
<br />securd thereby, nc~ fatal amannt of principal debt nut to exc'rrd at stay tittle the original anxrnnt of this nwrtgage.
<br />t>atea tfiis 21st say ref December A_ f)., t~ 79
<br />Betty M: Nelson
<br />STATE OF NEDRASt:A, ~ ~ On this 21st clay aC December I4 ~~ ,before roe,
<br />COUNTY OF HALL
<br />tfie undersigned, a Natar}' pubfie in and for said County, personally came
<br />Gerald D. Nelson and Betty M, Nelson, each in his and her own right and as spouse of each
<br />other are puaonalty kttotvn to
<br />ter to be the identical person S whose name ~ dre an`ixed to khe above inatnmysift as mort ar 5 and they sovttaBy
<br />adtnowkdged the said instrurmeni to be theT r voluntary act and deed. (/ C
<br />wlTNESS my hand and Natariai Seat the date aforesaid. ~1
<br />My Comttttasiotu expires Y~/ \ ^ ~,~ ' ~ ~~
<br />~~ .~ -2-'G~ ..
<br />/ i / }i ~ ~ -~ f ~~ ~ - __.,___ Natar_y Public
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<br />~:',E9~L ROI'4i:Y-CG :e ^t fr'^¢; ask;j
<br />Jet+t't ; 4ti' i?I JON ~
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