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<br />MORTGAGE
<br />MoRTGAGe LOAN rlo. 23, 857
<br />lavrnv AU. Mt:N av These PUrst~N~IS: 7>mt Charles R. P3ea 1 and Connie J . Neal , each i n his and
<br />her own right, and as spouse of each other
<br />Eight Thousand and NoJ100 Mot1~,whethesam or rttixe,m oottodentton of thea~af
<br />---------------------------------------------------°--- .,..,,.,.e
<br />loaned to said mortgag<r 6y The Fgtritabk Buadusg and Loan Association of Grand IshrM, Nebnaka, Mortgagee, upon , ~ $D shoo of stndi of
<br />said ASSOCIATION, Certificate No. L 23, 857 , do ttere:by grant, ronKY and mortgage utttn the said ASSOCIATION the ftsflox3og
<br />described rest estate, sitsnfed in Hall County, Nebraska:
<br />LOT FOUR (4) IN BLOCK THIRTY (30) IM
<br />RUSSEL WHEELER'S ADDITION TO THE CT.TY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRAS~'.A.
<br />together with all the tenements, hercditaments and appunenanas thereunto belonging, including attached floor coverings,. all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditiorsing, and plumbing and water equipment and accessories Ihereta, pumps, staves,
<br />reirigerators, and other fixtures and eyuipment now or hereafter attached to or tmd in connection with said real estate.
<br />- And whereas the said mortgagor has agrced and does hereby agree That the mangagor shall and will pay a6 taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinyuent: to furnish apprmed
<br />insurance upon the buildings on said premises situated is the sum of 5 $ , DDD. DD payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies Cor said insurance; and not to commit or permit any waste on ur about said premius;
<br />3n cast of deCaul[ k the perforrtrwce of any of the terms and condrtions of this mortgage or the bond secured hereby, the mortgagee shag,
<br />on demand, be entitled to immediate possession of [he mortgaged premises and the mortgagor hereby assigns, Iransftrs and sets ovxr to the
<br />mortgagee all the rents, revenues and inwme to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the nortgagee stall have the power to appoint any agent or agents it may desire for the purpose of :epairirsg said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out oC said vtcome alt expenus o[ repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and o[ collecting rentals therefrom; rite balwce remaining, S any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />dzfault, irrespective of any temporary waiver of tht same.
<br />T!rse Presents, however, are upon -the Condition. That if thz said Mortgagor shad repay said loan on ur before the ataturity o[ said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or 6tfaro
<br />the Twentieth day o[ each and every month, until said lawn is fully paid; pay all [axes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon N the sum of $ $ , DOD. OQ payable
<br />to said ASSOCIATION; repay to said ASSOClAT10N upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximtun legal rate therean from date of payment all of which Mortgagor hereby agrees to pay; permit nu waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond tot $ $, ODD , DD this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with alt the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall rerrtain k Cull force and may be Coredosed et the option of the said ASSOCIATION after failure for three months [o make any of said
<br />payments or be three monhs al arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />It there is any change in ownership oC the real acute mortgaged heroin, by sak or otherwise, then the zntire remaining indebtedness hereby
<br />soured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payabk without
<br />ftuthet rtoti; e, and the amount remaining due under said bond, and any other bond for any additionat advances made thereunder, shall, from the
<br />dart of exercise of said option, bear interost at the tisaxim+un legal rate, and this mortgage may then be foreclosed to satisfy the amount dce on said
<br />bond, and any other bend for additional advances, together with all sums paid by said 'Rte Fquiubk Building wd Low Association of Grand isiartd,
<br />Nebraska Coc insurance, taxes and assessments, and absuacting extension charges, with interest thereon, Crom date of payment at the maximum
<br />kgal rate.
<br />As provided k the Band secured Iwrnhy, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to tha
<br />- makers of said Band, their atmigtrs or sisccessors in interest, whi::h sums shall be within the security of this mortgage the same as the-fwds originally
<br />secured thereby, the total aglount ai principal debt nut to txxed at any time the origirsal amount oC tCtis mortgage.
<br />!>~d t 14tf~, day of November A. n.,14 SQ
<br />~-
<br />si -
<br />r es t~
<br />.~tnnie J. Neale
<br />3TATEOFNEBRASKA,~~ On this 14th.
<br />day of November 19 $0 , before tne.
<br />_~ ..w,... s,v r,+u.r. I _. _
<br />thz undersigned, a Notary Public in and for said Cotmty, petsottally came,
<br />Charles R. Neal and Connie J. Neal, each in his and her own right, and s spouse of each
<br />other who ire peraonatly known is
<br />me to lit the identical perunt S wtwse name S art af'Fixed to Ilse above insvunxnt a~mor[gagor 5 and they severally
<br />aeknawkdgad the said iastrurnent to be the 7 r voluntary act wd deed. _ ..-.l
<br />WITNf:SS my hand aztd Notarial Seal the date afortsaid.
<br />My C anusvsann expires _ -a ~~-1 t ~~ /t
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<br />ssazvt ar ~v ," _ . ,. _.. , vptaky' pub
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