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<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23,784 MGIC
<br />KNOW ALL MEx BY THESSE PRESENTS: Ttut Richard L. Wood,:~.a single person, and Sharon K.
<br />Pelster, a single person
<br />Mortgagor, whether osw or m+:;c, in oondderation of the atm of
<br />Twenty-six Thousand Two Hundred Fifty and No/100--------------------------------- OOH
<br />kraoni [o said r!rorigagor by The Equitabk Budding and Ltun Association of Grand Island, Nebraska, Mortgagee, upon 262 shares of rtodt of
<br />said ASSOCIATION, Certificate No- L 23 , 784 MG I Cdo hereby gtsnt, money and mortgage unto the slid ASSOCIATION the fo8owieg
<br />tks¢ibed real estate, situated in Nall County, Nebraska:
<br />LOT EIGHT (8), IN BLOCK TWO (2) IN CLAUSSEN COUNTRY
<br />VIEW ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />together with aU the tenements, hereditaments and appurtenanws thereunto belonging, including attached flour mvermgs, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, av conditioning, and plumbing and water equipment and accessories thereto, pumps, rtoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached tour used in connection with said real estate.
<br />And whereu the card nx,rtgagor hes agreed and dues hereby agree teat the mortgagor shall and will pay aU taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond sccwed +herebv heli+re the same shall became delinyuent; to frsmislt approved
<br />insurance upon [ha buddirrgs on surd premises situated in the sum of S 26 , 250, DD payable to said ASSOCIATION and to deliser to sail
<br />ASSOCIATION the policies for said inswance; and nui to commit or oermtt any canoe on or about said premises;
<br />In case ul default in the ptrfisrrrtane of any ul the terms and asndilions of thrs mortgage or the bond semred hereby, the mortgagee shall,
<br />on demand, he entitled to irmrrediate possesvon of the rmutgaged prtmitts anJ the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and intx+rnr to he derive I from the murtgpgtd prcmrtts dunng such time as [he mortgage mdebttdrxss shall rerrsain
<br />unpaid; and the mortgage shalt hale the power to appoint any agtnt ur agents i[ may desire for the purpose oC repairirg said pr..mises artd rrntigq
<br />the same and mllectmg the rents, rrxnues and income, arrd it tray (rev nut uC mid incurrsa alt exptnxs u( repairing said premises turd necessan
<br />mrrunissk>ns and expenrts incurred in renting amt rrunagirrg [he settee and of collecting rentals [herefmm: tht balmrc remaining, if any, [o be
<br />applied toward the discbxrge u( said tr,urtgage indebtcdntss: thaae rights ul the rnurtgsgee may trc rxercrsed at any time during !ht existence n1 strdt
<br />default, nrtspective of any tenyasrary wasver o[ [he same.
<br />1lrese Presents, huwewr, are upon [he Condittat. Tlut d the stud Murtgngw shall repay said loan nn nr before the tnatwity of card shoes be
<br />payment; pay rrsunthly hr said ASSOCIATION of the sum specified in the Bund secured hereby ns mtercst and principal un said loan, on ur before
<br />the Twentieth day of each and every month, until sand loan is fully yard; pay all texts and assessments levied against said premises and un this Mortgage
<br />and the Bond stewed thereby, beib¢ delinquency; furnish approved insurance upon the buildings thereon m the sum u($ 26 , 250. DD payable
<br />m mid ASSOCIATION: repay to said ASSOCIATION upon demand all money by rt paid fur such taxes, assessments and mswnnc:e with interest at
<br />the maximum legal rate thereon (rum date of payment all of which Mortgagor hereby agrees to pay: permit nu waste on said promises, keep and wmpty
<br />with all the agreements and mndi[ions of the Bond for S 26,25D. DD thu day given by the swd Mortgagor w said ASSOCIATION, and amply
<br />wrth all the requirements ul the Cunati[ution arM By-laws o(said ASSOIIATION; then thex presents shall become ntdl and void, othcrwtm they
<br />shall reimm m full force and may be foreclosed at the option of the said ASSUCIATION alter failure fur three months w make any of card
<br />payments or be three months in arreus m making card monthly payments, ur to keep and comply wtlh the agretrrents and renditions of said Sond;
<br />and Mortgagor agees to have a rerxivrr appointed Curthwith m such foreclnwe proceedings.
<br />!f (here is any clwrge in uwrorahip of the roil estate mortgaged herein, by sale ur otherwise, then the entire rcnutnirig mdebtednass hereby
<br />secured stall, at the option of The liytiitable Building and Luan Association o(Crand Island. Nrbraaka,btmrne itnmedutely dot wed payable without
<br />fwther notice, and the arrarunt remaining due under said bond, and any other bond for any additonal advances etude thereunder, shall, Irum the
<br />date nl exorcise a(said option, bear imerest at the muimum legal rate, and this rtmrtgagc nay then be foreclosed to satisfy the amount due un said
<br />bond, and any other hand fur additksrul advances, together with all xutw paid by said 11ie Equitable Building and L.ran Aauscunon of grand Island.
<br />Nebraxka for inswancx, taxes and assessments, and abstncuttg extension charges, with interest therwn, from date of luyrnent at the ntaxrmum
<br />legal rate.
<br />As provided in the Bund semred hereby, while this mortgage rnrrterns m r.ITect the mortgagee may hereafter advamx additional sums to the
<br />makers of said Bond, their assigns or straxssurs in interert, which sums.dull ht within the security of this mortgage the same as thr lands originally
<br />xv-wutJ tbamhy, the total anaunt of prirtcipal debt rmt to txmed at any time thr original amrmM of this rmrrtgage.
<br />Drited thu ,~9f/,$ 'day I~Z'~ptember a. n.. lrr 80
<br />~c:~c. W' '%C!
<br />Richer L. Woo ~~~-~~
<br />f,c~ 11L'th., t t t~ , . r,
<br />Sharon K. Pelster
<br />STATE OF NEBRASKA, ~ ~- On this 9th day ul' September Iq BO , hefwc me,
<br />COUNTY OF HALL
<br />the umkraignel, a Notary Public in and for said Cowuy, personally came
<br />Richard L. Wood, a single person, and Sharon K. Pelster, a single person
<br />__. _+`~ s.` ~i,, :~.. who d re personilly krrown to
<br />rrc tb ire the idential ptrwn s whose nxmt-S~ . arE~ ,, a'PRAe}t atxm instrument as nwrtgagor S and they ttvar~Y
<br />aeknuwkdged [he said inrtrumen[ to lx the,3d^-._ ~ voluntsr) ~acl•artd
<br />Y11'ITIFa"S mY hand and Natal the data aforesaid. ~' r.
<br />t ~ t.
<br />My Comrrtissipn expi ' ~ --! -
<br />;1~~ ~ ~v ,
<br />,~ . ll~l'i - .fir: `.
<br />t-tasae ru - .- . __ Notary Public -
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