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<br />MORTGAGE
<br />MORTGAGE LOAN NO. L23, 743
<br />IcNOwALLMH?}BrT}IESEPRESENTS:Ttmt Orville 0. Qualsett and Mary K. Qualsett, each in his
<br />and her own right and as spouse of each other,
<br />Mortgagoc, whegter o>x or mare, in mn~tfrratiaa of tlx sam of
<br />_TwPn ~-One Thousand Five Hundred and NO/100-------------------------------------- pOtyp~
<br />Imr,ed to said mortgagor by The Equitable Budding and loan Association of Gland Island, Nebraska, Mortgagee, upon 215 share of s[tr~ of
<br />said ASSOCIATION, Certifit2te No, L 23, 743 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />desca"bed real estate, situated in HaB County, Nebraska:
<br />LOTS TWO (Z} AND FOUR (4} IN BLOCK SEVEN (7) IN
<br />UNIVERSITY PLACE, AN ADDITION TO THE CITY OF GRAND
<br />ISLAWD, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, aB window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in wnnection with said real estate.
<br />And whereas the said mortgagor has agreed 2nd does hereby agree that the mortgagor shat} and will pay aB taxes and assessments levied or
<br />assesred upon said premises and upon this mortgage and [he bond secured (hereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 521, SDD. UD payable to said ASSOCIATION and [o deliver m said
<br />ASSOCIATION the policies for said insuratce; and not to commit or permit any waste on or about said premises;
<br />In case of default ir. the performance oCany of the terms and conditions of this mortgage or the bond secured hereby, Ihx mortgagee shall,
<br />on den-and, he ertitlz;t to imntediare possession of the trKrr!gagzd premises and the utortgagar }tzreby assigns, transfers and seta over to the
<br />mortgagee all ins rears, revtnues and inwme to be dcris~ed from the mortgaged premises during such time as the mortgage indebtedness shag remain
<br />unpaid; and the mortgagee shsll have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the sarrx and ~iBccsiog the rents, revenues and inrtrtx;, and it may say out of said income all expenses u[ repairing said premises and necesvry
<br />commissions and expenses vicurmd in reining and rtuuagvtg the sotto and of cailec[ing rentals therefrom; the balance remaining, if any, to 6e
<br />applied utwazd the dixharge of said tnortvage indebtethtess; these rights of the mortgagee inay be exerused at any time during the existence of suvh
<br />default, irrespcctive of am temporary waiver of the same.
<br />-? } Presents, however, are upon the C'ondilian, That ttte said 4tortgagi>r shat! repay said loan an or before the maturity of said s}taras by
<br />payment; pay manthiy to .said ASSOCIATION of the sum speratizd in the Boud secm~ed hereby as interest and principa! on said hart, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; tarnish approved insurance upon the buildings thereon in the sum of $ 2I , 50D. DD payable
<br />to said ASSOCIATION; repay to vid ASSOCIATION upon demand all money by it paid for such taxes, assesvrtents and insurance with interest at
<br />the maximum legal rate thereon from dale of payment aft of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond (or 5 Z I , SDD. DD this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and $y~Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall rertrain in full farce and rrwy 6e forecloud at the option of t}te said ASSOCIATION after failtue Car three months to stake any of said
<br />payments or be that tnonUts in arrears in matting slid monthly payments, or to keep and comply with the agrcements and conditions of said Bond;
<br />and Mortgagor agrees [o have a receiver appointed forthwith in sus:h forecbsme protxedings.
<br />It there is any change in ownership of the real estate mortgaged herein, 6y sale or otherwise, then dta entire remaining indebtedness hereby
<br />seeuted shall, at the option of The Fquitable Building and Loan Association of Grand Island, Nebraska,bemme immediately due and payable without
<br />furihcr notice, and the anmun[ remaining tine under said bond, and any other band for any additional advances made thereunder, shall, from the
<br />date n(exercise o(raid option, bear interesK al the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other Mmd for additional advances, together with all sums paid by said The Equitable Building and Loan Assuciatian of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension t:itarges, with intsrest thereon, from date of payment at the maximum
<br />legal rate.
<br />- - As providtd in the Bond secured hereby, while this mortgage rctnaitts in effect the mortgagee may hereafter advance additions} stuns [o the
<br />- makers of said Band, thew assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt nut to cxt~ed at any time the original amount of this mortgage.
<br />this: 31 : j day of, July A. o., tv 80
<br />rvi e _
<br />Mary Qual ett
<br />Si'ATE OF NEBRASKA, ~ $ On [his 3IS t . day of J U 7 y 19 BD , before me,
<br />CO(!N'i'Y OF HALL
<br />Orville 0. Qualsett and Mary K. Qualsett, the undersigned,a Notary PubEc in and for ssid County, personally carne
<br />each in his and her own right an Ouse of each other, who are personally known to
<br />rtte to be the identical persons whose ~-'a ~'E+:~, d to [he above instrument as mortgagor S and they severally
<br />acknowledged the said instrument to be _ ,F'i~"~vSlmtt~ry~~ d deed.
<br />WITNES-S my hand and 13'ea~ the dale 57are~4 j/~j 1
<br />My Cnmmi~ron ex :res +3 _ £"_ 1 r ,t _ / -~ l-l /fL-
<br />~ F ~E~~-- ~ jjTJJ~ A./~~~14 c~_--dCrcJ2'tff~~
<br />torazar u ~ ' c,~ ... °; Notary Public
<br />J~~° ,,, ?
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