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80- 004564
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23 , 762
<br />KP76W AtT MEN BY THESE PRESENTS: That Orville 0. Qualsett and Mary K. Qualsett, each in
<br />his and her own right and as spouse of each other,
<br />Mortgagor, whether one or come, in mmldaation of the loin of
<br />Sixty-Eight Thousand Eight Hundred and Not100------------------------------------- per*•g
<br />baoed [o said rmrtgagor by The Egtdnbk Building and Loan Association of Crand Island, Nebndca, Mortgagee, trpon 688 ,hard of :lode of
<br />said ASSOCIATION, Certifapte No, L 23 , 752 , do Irereby grant, convey and mortgage tm:o the said ASSOCIATION the foBowbrg.
<br />described real estate, sitwted in Hall County, Nebraska:
<br />WEST SEVENTY (70') FEET DF LOT FIFTEEN AND 7HE
<br />WEST SEVENTY (70') FEET OF LOT SEVENTEEN (17)
<br />iN BLOCK SEVEN (7) COLLEGE ADDITION TD THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with ail the tenements, tureditaments and appurtenances thereunto fTelanging, including a[tadud !lour wverings, all window screens,
<br />window shades, blinds, storm window:, awnings, heating, air conditioning, and plumbing and water eyuipment and accessories thereto pumps, stoves,
<br />refrigerators, and other fixtures and eyuipmem now or hereafter attached to or used in connectimt with said real estate.
<br />And whereaz the ttid rmtrtgagor haz agreed and does hereby agree that the mortgagor shall and will pay all taxes and asxasments levied or
<br />assessed upon said premixs and upon this mortgage and the bond :cured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on :aril premius situated in the sum of SO$, $DD. DD payable to said ASSOCIATION and to de6wr to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste un or about said premius:
<br />In eau of default in the performance of any of the terms and mndi[ions of this mortgage or the Hood ucured hereby, the mortgagee shall.
<br />on demand, b< emitted tv immediate posxssion of the mortgaged premius and the mortgagor hereby assigns, transfers and x[s aver to [he
<br />mortgagee all the rents, revenues end income to he derived Crom the mortgaged premises during such runt as the mortgage indebtedness shall remain
<br />tmpaid: and the mortgagce shall have the power m appoim any agent ur agents it may desire fur the pmpvx of repatring said pmauxs and renting
<br />the sanx and collecting the rents, rerenues and income, and it may pay out of said !ncomc all expenus of repairing said premises and necessary
<br />;;atruttissiotis and expenas incurred in ren[iag and managing the same and of ;;nilecting temais tnerefn;m; tlx valance remaining, ii any, iv be
<br />applied toward the diuharge nt :aril mortgage indebtedness; rhea rights of the mortgagce may be exercixd at any time daring the existence oC such
<br />default, irtespcrtivc of am temporary waiver of tn~ cams.
<br />Thos Presnts, however, are upon the ~'onddion, That ~f the ssrd Mortgagor 3?a!! repay card loan on yr nefore the rruturtty of said shares by
<br />payment; pay rrronthly to said ASSOCIATION of the sum specitied in the &nrd secured hereby as interest and pnnapal un said !van, on or before
<br />the Twentieth day of each and every month, until slid Ivan is Polly paid: pay cell !axes and asxssments levied against said premixs and on this Mortgage
<br />and the Bernd :tined thereby, belbm Jelinyucncy; f urmsh approved insurance upon the buildings therevn m the sum of S 68, BDD. DD payable
<br />to said ASS(X:IATION; repay to said ASSOCIATION upon demand all money by it paid fur such taxes. asussments and insurance with interest at
<br />the tnaxrmum legal rate therevn from date of paymem all of which Mortgagor hereby agrees to pay: permit no waste on said premius; keep and wmply
<br />with all the agreements and umditivns of the Bond for S 68, BDD DD this day given by the said Morgagor to said ASSOCIATION, and armply
<br />with all the reyunements of the Cunstitutiun and By-Laws of said ASSOCIATION: [hen [hex preunts shall become null and void, otherwise they
<br />shall remain in full force and ntay be (oreduxd at the option of the raid ASSOCIATION alter failure for three months to make any of said
<br />payments or be throe months in artcars in making said monthly payments, or to keep and wmpiy with the agreements and conditions of said BonJ;
<br />and Mortgagor agrees tv have a receiver appointed forthwith in such foreclosure proceedings.
<br />I( there is any drangc in ownership of She real estate mortgaged herein, by sale yr othetwiu, then the entire remaining indebtednea hereby
<br />SeCllred shall, al the nption v(T!u Equitable Building and Loan Assosiation o(Grand lsland,Nebrasita, become imrttediately due and payable without
<br />further notice, and the amount remabting due under said bond, and any other bond fur any additivnal advances made thereunder, shall, Gum the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mvngage pray then bt furedvsed tv sstisfy the amount due nn said
<br />bond, and any other Hood fur additivnal advances, together with all sums paid by said The P.gwtabie Building and Lvan Association oFGrand Island,
<br />Nebraska fur ihaurance, taxes and assessments, and abstracting extension charges, with utterest tttnevn, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond :cured hereby, while [his mortgage remains in effect [he mortgagee may hereafter advance additional sums tv the
<br />rrrakers of said Bond, their assigns or succeswn in interes:, which scans shall Ix within the security of this mortgage the same as the funds vriginaBy
<br />scoured thereby, the total armmnt of principal debt not ^s exceed al any tirm: the original amount of this mortgage.
<br />cede ` h a of ugust A.P-.!~ 80
<br />le tt
<br />ary u se
<br />srATE of NEBRASKA, ~ ss Un this 25th day nr A.ugus t !v 80 , bervre nee,
<br />COIINI'Y OF HALL
<br />Orville 0. Qualsett and Mary K. Qualsett, the undersigned,a Notary Public wand for said County, personally cavrc
<br />each in his and her own right and as spouse of each other, won are perwnally known to
<br />tin to'be the identicd person 5 whoa name 5 d re affixed tv [he above insf ru/m_e,91.as m\ortgagors and they xvcmlly
<br />acknowledged the said inslmment to be their voluntary act and deed. ! -"1 -
<br />WITNESS my nand and Notarial Seal [he date aforesaid, `~y - ~J,/ -' ~(
<br />My Commission expims - ~ ~~/{~~ ~~~L- ..~ L, G~-~1
<br />_ l / .yy, ~_ _......._. _______ ._ __ -__.- Notary Public _-
<br />16T62M 91 "" AAA. ~ ~ ~ / ~ ~ / I _ . ~ ~t ~~,. ,~
<br />~: ~,9:5.d .,L50N
<br />~.. :.
<br />~~ - r i.1g Conn trp. Mov 1., 1983
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