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$0- 604563
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23,763
<br />KNOW ALLMEN BY THESE PRESENTS:7bat Orville 0. Qualsett and Mary K. Qualsett, each in fiis
<br />and her own right and as spouse of each other,
<br />Mortpgor, svhettser orte m tastaR, ir1 ~daafion of the attm Af
<br />Sixty-Two Thousand One Hundred and No/100---------------------------------------- DoL~
<br />loaned to said tmrt~gor by The Equitable Building and Loan Assodation of Grand (sand, Ntbrasln, Mo[tgagee, upon 621 shases of smek of
<br />said ASSOCIATION, Ccrtifitate No. L 23,763 , do nereby grant, conaey and rmrtgnge unto the said ASSOCIAT.ON the folbsvirts
<br />desaxibed real estate, situated in Ha@ County, Nebraska:
<br />LOTS FIFTEEN (15) AND SEVENTEEN (17), EXCEPT THE
<br />WESTERLY SEVENTY FEET (W 70') THEREOF, IN BLOCK
<br />SEVEN (7), COLLEGE ADDITION TO WEST LAWN, AN ADDITION
<br />TO THE CITY OF GRaYD ISLAND, HAIL COUNTY, NEBRASKA.
<br />together with all [he tenements, hereditaments and appurtenances thereunto belonging, including attached Floor rnverings, sll 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 connection with said real estate.
<br />And whereas the svd mortgagor has agreed and does heresy agree that the mortgagor shall and will pay a@ taxes and assessrrtents levied or
<br />as~ssed upon said premises and upon this mortgage and the bond secured [hereby before the same shall become delinquent; to Cornish approved
<br />insurance upon the buildings nn said premises situated in dtc sum of S 62, IDD. DD parable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for raid imurance; and not m commit or permit any waste on or about said premises:
<br />[n case v( dcfauit m the pertvrrnan z ei any of the terms and conditions of this mortgage or the bvnd secured hereby, the ttwrtgagee shah,
<br />on detnand, he entitled to itrtrnediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />nmrtgagee all the rents, revenues and income to be derived frvm the mortgaged premises during such time as the mortgage indebtedness shall mmain
<br />unpaid; and the mortgagee shall have the Dower tv appoint any agent or agznts it may desire fvr the propose v( repaving said preneixt sad « sting
<br />the same and mltecting the rents, revenues and income, and it may pay out of said income ati expenses of repairing said premies and necessary
<br />commissions and expenses incurred in renting and tnanaeutg the same and of collecting rentals therefrom; the halance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; rhea riglds ul !hc mortgagee cosy be exercised a[ any time during [he existence of suds
<br />defautt, irresaeclive of env [emoorarv waiver of the same.
<br />These Presents, however, are upon [he Condition, That if the sail Mortgagor shall rep y Bard Ivan o ur befvre the maturity of said shares by
<br />payrcxrtt; pay monthiv m wid ASSOCIATION of the sum specified in the Bond secured hereby as htterest and principal on said loan, un or before
<br />the Twentieth day of each and every month, until said Iwo is fully paid; pay all taxes and assessments levied against said premises and on dtis Mortgage
<br />and [he Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon m the sum oC S 62 ~ ~ DD, DD payable
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand alt money by it paid for such taxes, assessments and insurance with interest at
<br />the maxinum legal rate therevn 1 nan date of payment all of which Mortgagor hereby agrees tv pay; permit nu waste on said premixs; keep and comply
<br />with a@ the agreements and conditions of the Bvnd (or 5 62, 1DD • DD this day given ny the slid Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Consbtutivn and By~Laws of said ASSOCIATION; then these prexnu stwll necome null and void, otherwise they
<br />shall rerlMirt in full force and may be foreclosed at the vp«on of the said ASSOCIATION after failure for three mmnhs to make any oC said
<br />payments or be three ntonrhs in arrears m making said monthly payments, yr tv keep and amply wnh the agreements and cunditons of said @ond;
<br />and Mortgagor agrees to have a recroiver appointed ivrthwitlt in such foreclosure proceedings.
<br />1f there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, [hen the entire remaining indebtedness nereby
<br />secured sna@, at the option o(The Pquitubk Building and Loan Association of Grmtd Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other nond fur any additional advances made thereunder, she@, fmm the
<br />date of exereisc of said option, near interest ut the maximum legal rate, and this nwrtgage stay then be Ivreclosed to satisfy the amount due vn said
<br />bond, and any other nond fur additional advances, «+gether with all Burns paid ny said The P.yuitabte @u@ding and Loan Association of Grand Ishmd,
<br />Nebraska (or insurmtce, taxes and asxssments, and abstracting extension citargas, with interest therevn, frvm date of payment at the maximum
<br />I~ytl rate.
<br />As provided in the Bond sn:mcJ hereby, while this mortgage remmrs in ettect the mortgagee may hereafter advance additional sums tv the
<br />makers of said Bond, their assigns or successors in interest, which sums shall rte wt[hin the ucunty of this mortgage the same as the funds originsBy
<br />secured thereby, [he total artRmm of principal debt not nt exued at any time the original amount of tltis mortgage.
<br />thi3 25t ~ ~aaynr ~ August .;. n.. le HO
<br />i e t
<br />. ,+
<br />Mary Kf' a se
<br />STATE OF N RA5KA, ~ ~ lht this 25th day of August l0 80 , before _.e,
<br />COONTY OF HALL
<br />Orville 0. Qualsett and Mary K. Qualsett, the wtdersigned,a Notary Public in and for said County, peronally came
<br />each in his and her own right and as spouse of each other, woo are personally known to
<br />me to be the identical perwn 5 whose name 5 d re affixed tv the above ms«t~nt as ttioT{gagur S and they severally
<br />their '
<br />acknowkdgtd the said instrument to be voluntary ac[ artd deed. ~ ~ ~
<br />WITNESS rrry hand and Notarial Seal the date aforesaid. lt_ - y :!
<br />MY Cvmntissivn expires /! - ~ 7 -// / -- /
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<br />tOtaaM RI ~ ~ _ - ~ - ~ -_r.++rG unLry PUblic ~7
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