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<br />MORTCAC,E
<br />MORTGAGE LOAN NO. L 23, H50
<br />tCNOw ALL MEN BV THESE PRESENTS: Thar Stanley H. P;e'son and Connie K. Pelson, each in his and
<br />her own right and as spouse of each other,
<br />fifteen Thousand Four Hundred and NO/100------- Mortgagor,whether one or elate, in consideration oftM sttm of
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<br />-- - noLr.ARs
<br />loaned to said mortgagor by The EquitabM Building and I.aart Association of C,rand Island, Nebraska, Mortgagce, upon 154 strares of :lode of
<br />said ASSOCIATION, Certificate No. L 2B 85D , do hereby grant, convey and mortgage unto the said ASSOCIATION the foRowisig
<br />described real estate, situated in Hall County, Nebraska:
<br />THE NORTHERLY FORTY FIVE (45j FEET OF LOT EIGHT (8) IPJ
<br />BLOCK SEVEN (7), IN KERNOHAN 8 DEf,KER'S ADDITION TO THE
<br />CITY OF GRAPID ISLAND, NEBRASKA.
<br />together with aD the tenements, hereditamen[s and appurtenances [hereunto belonging, including attached float coverings, all window aacens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water eyuipmen[ and accessories thereto, pumps,atoves,
<br />refrigerators, and other futures and equipment nave ur hereafter attached to ur useJ m connection with said real estate.
<br />And whereas the said rtwrtgagor has agreed and does hereby agree that :he mortgagor shall and will pay all taxes and asaesarnents levied or
<br />assesseJ upon said premises and upon this nwrtgage and the bond securcJ thereby bet"ore the same shall become delinquent; to flattish approved
<br />insurance upan the buildings an said premises situated in [he sum of 5 15 4DD. DD payable to sail ASSOY.'tATtON and to deliver to said
<br />ASSOCIATION the pohcies (or said insurance; and not to commit ur permrl any waste un or about sand premises:
<br />In case of default in the performance of any of the terms anJ canJairons ut ihts tnorigage ur the hood severed hereby, the «wrigaget sitaB,
<br />on demand, br entitled to nnmediate possession of the mongagrd prcrntsns and !lu• mortgagor hereby assigns, transfers and sets aver to the
<br />nwrtgagee ail the rents, revenues and uicume to he Jenved fiurn th+: rnurtgaged prem,ses durunt~, sucSr tm,r as the rnurigage indebtedness shall remain
<br />:anparJl anJ the mortgagee sitatl havx the power to appoint any again ur agents n may des:ur for the purpose of repairing said p¢mises and renting
<br />the same and collecting the rents, revenues and income, anJ it may pay seat of sarsl +na,mr all expenses of repairing said premises and necessary
<br />cr>muirssiarts aced expenses incurred m rcniirrg anJ nu,-.aging the same and of c,rilectlmg [cniats titeretrurn: [he basnae rcrrrairting, if any, to be
<br />applied toward the Jischargc of said mortgage mdehcedness; these rrglrts rat ;Lc mar tgagee may be exercise) at ary thtte drtring the existence of such
<br />M_faolt, irre:.}~ci:vr e:{ any [rrnpurary waiver of the >me.
<br />7'hex Prcsenls, huwevx;r, art upon the Cand~t ur+, l'h~t 1 ~h4 sarJ Mu Ra a rs!! repay ;,:n! :uan :;a ur .:f e - -,-.a: s' o `said shahs by
<br />{*aymrn[, pay r[u+nthiy to sa+d ASStX.'iATION ut he sum spr ~ttted m the Wend se ~uteJ hert•by as interest anJ pnn cipal on said loan, on os before
<br />the "fwen!:rth day cat each and ::eery nwnth, rm[:t said loan +; lolly yard, pay ail razes and assessrrxn[s iened against said premixs and an [his Mortgage
<br />and the &md secured thereby, before Jelinyuency, fwmst+ approved msuranm upon lire buddmgs thereon m the sum uC S t 5 400 _ DG payable
<br />to said ASSOCIATION; repay n. said ASS(X~IATI6N upon demand aW nux,ey by n pa+d for wch taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from Jate of payment al} of whmh Mortgagor hereby agrees to pay; permit nu waste on said premises; keep and Wmply
<br />with all [he agreements and amdrhons u( [he F1anJ tors 15 , 40D. DD this Jay gtveu by the card Mortgagor to said ASSOCIATION, and camply
<br />with all the requrrernents of the Ccros4tuuon and Wy ~L:,ws of aid ASSOCIATION; then these presents >hall bewrrx null and void, otherwise they
<br />shall [ernain in futl force anJ nay be furedoseJ :u the uptian of the vid ASSOCIATION after failure for three months to make any of said
<br />payments ar be three rnunths m arrears m mskwg said monthly payments, ur to keep anJ comply with the agreements and condmons u#~ said Bond;
<br />and Mortgagor agrees W have a rr.nver appumieJ inrthwuh m such fureciusare pneccedmgs.
<br />tf there is any ctuutge in uwnersteip of the real estate mortgaged herein, 6y sale or otherwise, thin the entree remaining indehtednesa hereby
<br />senurcd sliail, at the uptian u(Thc Equitable Building and t.aan hssaciation of Grand Island, Nebraska, beconw irimxdiately due and payable without
<br />further notice, and the amawtt rcrnaining dix under :mid !vend, sad any artier band far any additional sdvarices made thereunder, mall, from the
<br />date al ezereise of said optwn, bear interest at the imximum legal rate, and this martgage niay then be tbreclosed ro satisfy the amount due on said
<br />land, artd any other land fix additional advances, together with all sums yard by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurnnce, taxes anJ assessments, and abstract mg cxtatsiuu charges, ~xith !nterrst [hereon, tram dace aE payment at [he maximum
<br />legtil mate.
<br />As pruvtdeJ m [hr Bond szwred hereby, while tkus nwrtgagr tannins m etleur tlw nwrigagee ntny hereafter advance addiGOnat soma [o the
<br />makers of sarJ [kind, that[ assigns ur sUCCesxxs in interest, which sums shall 6e within the secuniy of this martgage [he same as the fiords ariginalty
<br />secured thereby, the total amount of principal debt oat to exceed at any torte the original amount of this mortgage.
<br />l~isd this 11t/h. ,~q„y„t November A i, I~aO
<br />=~j~ tva tl J ltl2~la VM ~- v~,.T~._- _
<br />Gonnie K. Nelson
<br />STA'f13 Y3F' NksBRASt;A, ~ ~. On ihu 1 i tit .
<br />Ja,ar ''doveniber to RO i,.r.~_m.
<br />COiiNT'r OE tiALL ~ . - ry=-~~,
<br />the undersrgneJ, a Notary Public m and for sail County, personally cants
<br />Stanley H. Nelson and Connie K. 'lelsen,
<br />each in his and her oNn right and as spouse of sacra other', was are perronafty kuawn to
<br />me to be [he +drnurat permm 5 whoa: rsan~ S are striae) to she store tns4 Wncw as murtl~gur 5
<br />acknowledged the s:ud ms[nrruent to 6e the 1 r voluntary act anJ decd.
<br />H7TNl-:S,S my hand seed N,.r~r tai `;cat r:,c :fate e(,•re•~ri +
<br />M_y t'orzrrurs=u,n a __
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<br />anc, the}' severally
<br />\ rar}~['rf6~c
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