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<br />MORTGAGE LOAN L"L"3 851
<br />Subject to L#~S;Z57-~-
<br />KNOWALl.MEN BYTHFSEPR"rSEN'IS:That Harold P. Gravengaard and Dorothy J. Gravengaard, each
<br />ir, his and her own right, and as spouse of each other
<br />Mortgagor, whether one ar trwte, i¢ mrisidaatioo of the yam of
<br />Twenty Thousand an' Ho/1.00 ----------------------------------------- _ r,,,r.,nQ
<br />barred to said rr>orit'a$ar by T1rc Equitable Building and Loan Assodatio¢ o(Grarid Itdand, Nebraska, Mortgages, upon ,200 aUusa of Rode of
<br />raid ASSOCIATION, Ctrtit'rsxte No. L 23, 851 , do hereby grant, convey and mortgage unto the acid ASSOCIATION the foELariag
<br />datatbcd real eraau, situated in hall Cou ty, Nebraska:
<br />LOT ONE (1) IN BLOCK THREE (3) OF SECOND
<br />ADDITION TO HOLCOMB'S HIGHWAY HOMES SUB-
<br />DIVISION, ASUBDIVISION OF PART OF THE
<br />NORTHEAST QUARTER OF THE'NORTHEAST QUARTER
<br />(NEt,NE'-;) AND A PART OF LOT FOUk (4) MAINLAND
<br />IN SECTION TWENTY-EIGHT (23), TOWNSHIP
<br />ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE
<br />5TH P.M., IN I1ALL COUNTY, NEBRASKA.
<br />Subject to prior mortgage to the mortgagee herein, in the principal amount of Twenty
<br />Thousand Two Hundred Fifty (520,250.00) dated July 74, 1956.
<br />together with all the terteuants, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window sraeens,
<br />window shades, blinds, storm windows, awnings, heating, air conditiunhtg, and plumbing and water equiprrrcn[ and accessories thereto, pttr¢pa, stmres,
<br />refrigerators, and other fixtures and tgitipmert now ur hereafter attached to or used in conntetiun with said real estate.
<br />And whereas [he said mortgagor has agreed and does hereby agree that the mortgagor shall and wilt pay all [axes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond sec~/~(,,rd t reby before [he same shall become deli¢gtx¢t; to furnish approved
<br />insurons upon the buitditigs on said premises situated in the sum of SCI/ , Orb. UO payable to said ASSOCIATION and to deliver to said
<br />ASSOCfA'fION the policies for said insurance: and nut to commit or permn any waste un or about said premises;
<br />In case of default N the performance oCany of the terms and conditions of this mortgage ur the band secured hereby, [he mortgagee shalt,
<br />on demand, be entitled to immediate possession of the mortgaged premrses sod the mortgagor hereby assigns, tranxfers and sets over [o the
<br />mmtgayree all the rents, rerenues and ma>rrre to be derived from the rnurigaged premises during such time as the mortgage indebtedness shall remain
<br />tmpaid; and the nwrtgagte shall have the power to appoint any agent ur agents it may desne fur [he purpose or repairing said premises and rentirtg
<br />tip srr:>;: and ca'tlecting !fx rents, revenues attd inconx, and it may pay out of rid inwmc alt ezpentts of repairing said premises and necemry
<br />commissions and expenses incurred in rerfing and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied reward the discttatgt cxr said rtwrtgagt indebterlrtess; ihesr rights of the mu: tgagtc ntay be exercised at any Brix during the txistcnce of such
<br />default, irrespective oCany temporary waiver ut the same.
<br />These Presents, however, are upon [he Condiuun, That i(the said Mortgagor shall repay said loan un or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the t3und secured hereby as interest and principal on said loan, on or hcCore
<br />the Twenliethday of each and every rtwn[h, until said loan is fully paid; pay ail razes and assessments levied against said premises and on :his Mortgage
<br />grid the Bond secured thereby, before delinquency; furush approved insurance upon the buildings thereon in [he sum of S 2O , OOO. OO payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand alt money by it paid ter sueh taxes, assessmrnts and insurance with inteest at
<br />the nuzimum legal rate thereon from date of p~aynxnt x6 0l •.vhich Mortgagor hereby agrees [o pay; pernut nu waste on said premises; keepand comply
<br />with all the agreemenla and ecnditions of the Bond for S 2O , ODO . OO the day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirernen[s of the Constitution and By-Laws of said ASSOCIATION; then these presents shall became null and void, otlxrwise they
<br />shall remain in (u(t force and may be foreclosed at the option of the recd ASSIXaA'1'ION after faJure fm three months to metre any of said
<br />paytrtenU or be three months in artears in making said monthly payments, or w keep and comply with [he agreements and conditions of said Boma;
<br />and Mongagur agrees to h:.ve a receiver appointed forthwith m such furectosure proceedings.
<br />If there is any charge in r*wnarsfup ul the real tsate mortgaged hereut, by sale or otherwise, thtn the entire remairtirzg indebtedness hereby
<br />secured shalt, a[ the option uf'Phe Equitable Building and Wan Aswciation of Crand Island, Nebraska, became itmtxdialely due and payable without
<br />further notice, and the anwuret remaining due under said bond, and any other bond for any additional advances made [hereunder, shah, from the
<br />dale of exercise of said option, bear interest at the mwxintum legal rate, and this mortgage ntay then be (ureclosed to satisfy the anxount due on said
<br />bond, and arty other bond for adSlilkxnaf advances, together with ail sums paid by said The fiquitable Building and Lunn Assw;ia[ion of Grand Island,
<br />Nebraska br insurance, taxes alai asstssirten[s, and abstracting extension charges, with intereri [hereon, from date u( payrnenl at t}te maximum
<br />legal rate.
<br />As provided in the Bond secueed hereby, while this mortgage remains m effect the mortgagee stay hernal ter xdvana additional surna to the
<br />ntaka,rs of said flood, thrir assigns or suu:rswrs in mterest, which sums shall be within [he secwity of ibis mortgage [he same as the funds originally
<br />secttfed thsreiz_y, the total wtwwtl uC prios:inal debt not m ezaaed at any tin>? the original amount of this rmrigage_
<br />'";Oa~ad tldx .-12t1t. day nF.- November A. o., 1980
<br />d Viral ngadr
<br />' ~-
<br />Dorothy J. Gravengaa
<br />__ l
<br />'~RCOUNTY OF MALL ~ ~' On utix 12th. day nr November 19 80 , bcfort me,
<br />the undersigned, a Notary public m and tar said County
<br />Harold P. Gravengaard and Dorothy.J;,~G,avengaard, each in his and h~~ own right~anral~yknuwnto
<br />as spouse of each other ~~,~~d ° are
<br />me to be the idauica7 perwn 5 whore r~di_. S _-are.., ~' ~~,-~-~ to the above instrwixnt as mortgagor S and they severally
<br />aeYnrrwledged the said instrrrinent io be fp`t~l j'~ vuluntary,act.a~rfsdeed.
<br />w7I`NI:SS my head arui N,p[atta(Seal [hu datgaforisnid.;4?~~,
<br />,~
<br />My Cos~iaslort expires ~ t _] Ate f ~ !7 • ,~
<br />~ twy PubBc
<br />latyaar Rt •
<br />personally came
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