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<br />MaRT£}AGE ~_
<br />I I~ -~~T..=k--mac.-. ~,~-=A~.~~..~.-i~r._,:u:.~~~_ =..:,i7;-~--r,.-..~-u yr-==s:~,~-a I'-r. N~alr;
<br />uaRTC;AC,E LOAN NO. L 23 , 59 7
<br />Subject to L~ 23,585
<br />P ESENTS: Thai
<br />KNOW ALL MEN BYTHFSE R David A. Vasey and Teresa K, Vasey, each in his and her
<br />own right, and as spouse of each other
<br />Mortgtgar, whnc~r one or more, in contidetatiar. cf i, e ~ of
<br />Ten Thousand and No/100-------------------------v -_-~~_ ~_ ~-_-.-~__~ ----------- DoLLARs
<br />loaned to said mortgagor by The Equitable Building and Loan Assaciation of Grand Ssland, Nebrr_ :. Martgagee, open 100 shares of stork of
<br />said ASSOCIATION, Certifitatc No. L 23,687 , do hereby grant, convey and rrrongage unto the said ASSOCIATION me following
<br />described real estate, situafcd in Halt County, Nebraska:
<br />LCT TWO (2) C. K. SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />Subject to prior mortgage to the mortgagee herein, in the principal amount of Twenty-
<br />Seven Thousand ($27,000.00) dated October 12, 1979.
<br />together •.vith all [he tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water egtupment and accessories thereto,pumps,stoves,
<br />refrigerators, and other fixtures and equipment now ar hereafter attached to or zzsed iir wnnrction with said real estate.
<br />And whereas the said martgagor has agreed and does hereby agree that the ;nortgagor shall and will pay all taxes and assessments levied u:
<br />assessed upon said premises and upon this mortgage and the bond secured therr6y before the same shall become delinquent; to furnish approved
<br />insurance u{xrn the buildings un said premixs situated.in the sum of S l Q ,QQQ. DQ payabM ro said ASSOCIA"LION and to deUver to said
<br />ASSOCIATION [he policies for said insurance: and net to commie ur permit any waste on er about card premises;
<br />In case of default in the performance of any of the terms and c:~nditions of this mortgage nr the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession oC the mortgaged premises and the mortgagor hereby assigns, transfers and sets aver to the
<br />mortgagee all the rents, revenues and income to be derived from [he mortgaged premises during such ume as the mortgage indebtedness shall remain
<br />unpaid; xnd the mar[gagee shalt here the power to appoint any agent 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 nut of said mcame all expenses uC repairing said premises and necessary
<br />commissions and expenses incurred in renting and nrmaging the same and of collecting rentaks therefrom: the balance remaining. if any, to be
<br />applied reward the discharge of said mongage indebtedness; these rights oC the rtrurtgager may 6e exercised at any time doting the existence of such
<br />default, irrespective of any temporary waiver oC the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay rrurnthly to nerd ASSOCIATION ut the sum specifed in the Band secures hereby as interest and prmcipat un nerd loan, un ur before
<br />the 'rwcmicth day of each and every rtturih, until said loan is Cully paid; pay all taxes and assessments levied agauest said premises and on this Mortgage
<br />and ttte Band secured therehv', bef,sre delutqumrcy: furnish approved insuranu uExrn the buildings mereun in the suet of E 1 Q ,QQQ , QQ payable
<br />to said ASSOCIATION: repay to said ASS(X'IATtUN upon demand all ntunrv by it paid f;rt such taxes, assessmems and insurance with interest at
<br />the maxunum legal rate. thereon lrum date of payatentall of which Mortgagnr_hrreby agrees to pay;pertrrit no waste an saidprentises;keep and comply.
<br />__ -with all the agreements and cunditiorts of the }3~nd f'or $ 1 D ,QQQ- QQh;S day given by the said Mar[gagar to said ASSt)CIATIUI_v',~nd comply _ _ _
<br />with all the requirements of the Constrtutiun and By-Laws of said ASSOCL4TION; then thane presents stroll bewrnr null aril void, otherwise they
<br />sitatl remain in full farce and Wray be foreclosed at the option ot'the said ASSOCIATION after failure fur three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of nerd Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such fureclosurr proceedings.
<br />tf there is any change in ownership of the real estate nwrtgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option ut' The Equitable Building and Loan Assocriation of Grand ]stand, Nebraska, became imttrediately due and payable without
<br />further notiex, and the antowrt retraining due under said bond, and any other bond far any additional advances made thereunder, shall, from the
<br />date of exerctise of said option, bear imerest at the maximum legal race, and this nrurtgr,ge may then be foreclosed to satisfy the amount due on said
<br />bond,ard any other ]rood for additional advantxs, together with all sums paid by said The Equitable Building and Lawn Associatitrn of Grand Island,
<br />Nebraska fur insurance, taxes and assessments, and abstracting extension charges, with inietest thereon, from date of payment ai the ntaxintum
<br />legal rote.
<br />As proviried in the Bond seemed hereby, while this mortgage remains in zft'ect tlir mortgagee rtury hereafter advance additional stems to the
<br />retaken of said Bond, their assigns ur successtrrs in interest, whit,[ sinus shall be within the secwity of this tnortgnge the sartx as the funds originally
<br />secwed therrby, the total antaunt of principal deist nut to exceed at arty time the original amount of this nrartgage.
<br />pared min`s 2 th day of March A. v., 19 80
<br />~~'i~.._i~...~ _... ..-_.._.._...._....___..._._.___._.__.
<br />paved. A. Vase , ~ •,-
<br />t-~~%dr'!s~ ,4-' 1~',
<br />---'~r°
<br />'Tere a K. Vasey ~~~
<br />STA7~ OF NEBRASKA, ~ ~. On this 25th clay of March tgBQ ,before me,
<br />COUN'TY' OF HALL
<br />the mnteaigned, a Notary Public in and for said County, prx~utally casrte
<br />David A. Vasey and TeC,e~a:,.~,Vasey, each in his and her own right, end as spouse ~f each
<br />other r ~; L w`lo dre person ly known to
<br />.Cf,'=
<br />rue to be the identical prruro~ ~$, `~ avdAtaRxral~, are aCSxed to the above instrument as mortgagor S and they severally
<br />acknowledged the said urstritt.t'ahe GTtP~T~ v luntary act and dced.
<br />tViTNES my lugr~ ~t1d Ntrtafrial Syat tt, date aforesaid.
<br />M Lett" ex ^s.' ` r` ~
<br />y ~rrtt ~~ ~" f ~ .- / r. s+` ~., ~ I t r -~1"~.'~s.r .... -
<br />- - s- ~ Notary t'trt+Uc
<br />taraaar at -, ..,
<br />
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