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<br />!WR"fGAGE
<br />MoxrGACEtoANxo. L 23,805
<br />xrlowAU,MENSVTHESErBtsENTS:~fttat Charles F. Lange and Colleen E. Lange, each in his and
<br />her own right, and as spouse of each other
<br />Twenty-one Thousand and NoJ100 ---Matt~gor'wite~toaormorc';n~laatamoofw`>out~
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<br />_._ tour cite
<br />loaned to sad mortgagor by The Equitable Building arid I.oaa Association of Grand Island, Nehradca, Mortgagee, upon .270 abates of igodc of
<br />said ASSOCIATION, Certa"uate No. L 23,805 . do hereby grant, convey arid mortgage tmta the said ASSOCIATTON the folbating
<br />described real estate, situated !n Hall County, Nebraska:
<br />LOT ELEVEN (11) BLOCK ONE (1) IN BETTER NOMES SUBDIVISION,
<br />AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all fire tenements, hercditaments and appurtenances thereunto belonging, including attached floor wyt•rittgs, as window screens,
<br />wiadow shades, blinds, storm windows, awnings, heathtg, 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 said mortgagor has agreed and dcea hereby agree that the mortgagor shat! and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; m famish approved
<br />insurance upon the buildings on said premises situatedtin the sum of 3 21 , OOO. OO payabk to said ASSOCIATION and to deliver to said
<br />ASSOCIATION [he policies for said utsttrance: and not to wmmit ur permit any waste un or about said premixs;
<br />!n terse of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, rite tttortgagx shall,
<br />on demand, be entitled to immediate ttossessioa oC the mortgaged przmises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee ali the rents, rcvennea and income to be derived from rite rrwrtgaged premises during such time as the mortgage indebtedness shalt remain
<br />unpaid; and the morigagce shall have the power to appoint any agent or agents it may desire for the purpose of repairing Laid prendses and reotit~
<br />the saint and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said prcmiau and necessary
<br />catnndssions and expenses intwred in renting and managing the sarrx am! of collecting rentals therefrom; the balanrs remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedtrcss; these rights o! the mortgage may be exercised at any time daring the existence of such
<br />default, frrzspcctive of any temporary waiver of tfx s'tce,
<br />These Presents, however, are upon the Condition, That d the said Mortgagor sludl rzpay said loan on or belbre the maturity of said shares by
<br />pay:ceat; pay montF,iy to said ASStXtATION of the snm specified in the Bond secured hereby as interest and principal nn said loan, on err before
<br />[he Twentieth day of ^_ach and every month. until said luau is fully paid; pay all razes and assessments teykd against said peemi~s and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved inwrance upon the buildings [hereon m the sum of S 27 , OOO.OO payabk
<br />to said ASSOCIATION; retry to said ASSOCIATION up,n demand all rmmey by it paid for such taxes, asscssmm~[s arid insurance with in[e[es[ at
<br />the maximum legal rate therrnn Gom date of payment all of which Mortgagor hereby agrees to pay; pemtit nu waste on said premises; keep and covp!y
<br />with all the agreements and conditions of the Boml for S 21 , OOO.OQhis day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with alt the requirunents of the Constitution and BY-Laws of said ASSOCIATION; then these presents shalt become null and void, otherwise they
<br />shag remain in full fosse am! mvy ~ Eoreciosal at the option of the said ASSOCIATION al"ter failure foe three months tc make any of said
<br />paymems or be three months in arrears in nuking said monthly payments, w to keep and comply wish the agreements and conditions of said Band;
<br />and Mottgagm ogees to have a rreeiver appointed Forthwith in such forcclowre ptt>,;adings.
<br />If there is any cJuuge in owcership of tht real estate mortgaged herein, 6y sale or otherwise, then the entve remaining indebtedness hereby
<br />stxured sha8, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become irttntediatt!y due and payabk without
<br />further notice, and the amount remaining due under said bond, and any other twnd for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and thn t[wngage nuy then !x foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all awns paid by said The L=quitable Building and Loan Association of (',rand island,
<br />Nebraska for insuranrx, razes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal raft.
<br />ps provided in ttte Flood sactued hereby, while this mortgage renums in effect the mortgagee may hereafter adwntx additional sums to the
<br />mile of said d, their assigns or suu:eswrs in inkiest, which sutra shag be within the security ul this mortgage the saute as the funds originally
<br />red r rota! amouht of principal debt trot to exoaed at any titre the original amount of this titorlgsge.
<br />Sr .,.Gat September
<br />..
<br />es j n, G j~-~^- -.._
<br />G lees E. Lange ~ ,
<br />sT~TE of xaekASKR,1 $ ~~ oft thu 23rd. day err September !y 80 , btfare me,
<br />., CO(1NTY of> HA,~.L
<br />- ~- the undersigned, a Notary Public in and fur said County, personally canes
<br />Charles F. Lange and Colleen E. Lange, each in his and her own right, and as spouse of
<br />each other w~" are ~°"tully kttr>wn to
<br />roc to be the identical perwn S whose q)rrig;5t. `~p~;°',~_:;~`fixed to the above instrument as nwrtgagut .r artd they severally
<br />aekr,owlsd~td tM said !tutrtttttem to be ;~fl$i.M'.....~~~ynd deed.
<br />W"tTNPSS my loud aadNoraclalSeal tfte date afos#taid_
<br />asy Cemrnissior. expasg l.7 1~`-' L` J r i
<br />..-fr. ,'
<br />~t .. °:
<br />t:ra-ess as - Notary-Public
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