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<br />MORTGAGE
<br />lICiRTGAGE LQAA; NO. - L 3.'
<br />KNOW ALL MEN BY THESE PRESENTS: That David E. Boll and Phala E. Boll, each in his and her
<br />own right, and as spouse of each other
<br />Mortgegrs:, wltethu ooe or snore, in mnaidetation of the>way of ` -
<br />Fifty-four Thousand Three Hundred and No/100-------------------------------------- noi3w~.c
<br />b.,aoed to said mortgagor by The Equitable Bw7ding and Loan Association of Cnvd Ishnd, Nebraska, Mortgagx, upon 543 dates ~~
<br />said ASSOCIATION, Cz:.ificate No. L 23,737 , do bereby giant, convey and mortgage tmto the said ASSOCIATION the fnflwr6tg-.
<br />descn"bai real estate, situated in Ha6 County, Nebraska: - -
<br />LCT FIVE (5) IN BLOCK ONE (1) IN CONTINENTAL
<br />GARDENS, AN ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />together with all [he tenements, hereditaments and appurtenances thereunto belonging, including attached floor coxrings, a8 ei,rdow sraeens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other factures and equipment now or hereafter attached to or used in connection with szid real estate.
<br />And whereas the said mortgagor hzs agreed and does hereby agree that the mortgagor shall and will pay aL' taxes and assessments levied or
<br />asussed upon said premises and upon this mortgage and the bond seta e~Q t ergby before the same shall became delinquent; to furnish approved
<br />inswance upon the btuldings on said premises situated in the sum of $ ~`+, ~DU ~ DD payable to said ASS(ICIAT[ON and [o deliver to said
<br />ASSOCIATION the policies for said insurance: aad not to commit ar permit any waste on or about said premises:
<br />Sn ~ of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of [hc mortgaged premises and [he mortgagor hereby assigns, Eransfers and sets over [o the
<br />mortgagee alt the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shah have the power to appoint any agent ar agents it may desire tar the purpose of repairing said premises and «ntivg
<br />the same and collecting lire rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and zxpenses incurred ir. renting and managing the same and of m0aciiag rentals the«frm; the balance resnain'tng, if any, to tx
<br />appticd tavrard the disctmrge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrz~etivc of any temporary waiver of the ~2me.
<br />These Presents, however, are upon the Condition, That B the said Mortgagor stools reoay said loan on or before the maturity of said shazes by
<br />payment; pay mottthiy to said ASSOCIATION at the sum sfxcified in the Bond secured hereby as interest and principal on said loan, art or bet`ore
<br />the Twentieth dap of each and evRry month, anti! said Ioan is fully paid; pay aIi taxes and assessments levied against said premiers and on this ktart~ge
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 54 , 3DD . OD payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and instuance with interest at
<br />the maximum legal rate thereon from date of payment a8 of which Mortgagor hereby agrees to pay: permit no waste on said premises keep and comply
<br />wiW aU the agreements and conditions of the Bond Cor $ 54 , 3DD. DD this day given by the said Aiortgagar to said ASSOCIATION. and wmply
<br />with all the requirements of the Constitution and By-laws oC said ASS(CIATION; then these presents shah became nub and void, otherwise they
<br />dla6 remain ta fu8 force and may be foreclosed at the option of the said ASSOCIATION after (ailwe tot three montiys to make any of said
<br />payments or be three months in arrears in makutg vid monthly payments, or to keep and comply with the agreements and wnditions of said Bond:
<br />and Mortgagor agrees to hsve a receiver appointed forthwith in such foreclosure proceeding'.
<br />If there is any change in ownership of the real estate mortgaged herein, by seta or otherwise, then the entire «nlaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Lnan Association of (:rand Island, Nebraska,became immediately due and payable without
<br />further notice, and the amount remainhtg due under said band, and any other bond for any additional advances made thereunder, shall, From the
<br />date of exercise of said option, bear interest at the maximmm legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />band, and any other twnd for additional advances, together with all sums paid by said The [:yuitablc Building and Luan Associeuun of C.rand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date u( payrneni at the maximum
<br />legal raft.
<br />As provided in the Band secured hereby, while this mortgage remains in effect the mortgagee ntay hereafter advance additional scans to the
<br />rrpkcrs of said Bond, their assigns or successors in interest, which sums shah 6e within the security of this mortgage the carne us the funds originally
<br />xcwed tberoby, the total amount of principal debt not to exceed at any time the original amowll a(this mortgage.
<br />this 30th daygf July n.a.,re 80
<br />~?~~
<br />-bavid E. Bo11 -, -e%'~
<br />:~~~ ~~~ .
<br />Phala E. Boll
<br />STATE OF NEBRASKP., ~ ~. On this 30th day of J u 1 y 14 8D , before me,
<br />COUNTY OE NALL
<br />the unde[signed, a Notary Public in and for said Cowrty, pcrx,nally came
<br />David E. Boll and Phala E. Boll, each in his and her own right, andh~s Spouse~O flnaPhyfknawn Eder
<br />~- ~ are
<br />~..
<br />me to be the identical persons w Aaiga ~ ~ g, aifixed to the above instrument as mortgagor S and they severally
<br />e-.~,~
<br />aekttowkdgcd thn said instrument tati~;~~ ; ^tltfl Y,', "votuaiaay act and dead.
<br />W1Tt4ESS my har~~j~G~letarial Seal the dote aforesaid.
<br />My Commisston 0icpueY /a--~-8~' >
<br />[t ~ Natarq Public
<br />147baM al
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