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<br />MORTGAGE
<br />~~,~ Ip,~ lqp. L 23, 855
<br />xNOwA~I.t~eNBVTHPSErttFS~N~s:Tt'at Garry W. Bolles and Pauline K. Bolles, each in his artd
<br />her own right, and as spouse of each other
<br />Mortgagor, whether ate or rrorc, in co~deruitag of ffie ram o£
<br />Twenty-two Thousand Nine Hundred and No/100 -------------------------------------- I>DLL~
<br />leaned to said mortgagor by The Equitabk Buildinng and Loan Assocation of Grad Islarnd, Nebns[a, Mortgage, upon 229 aura ~ neck aP
<br />said ASSOCIATION, Certificate No. L 23, 855 , do hereby gnat, convey and mortgage rtato t~ said ASSOCIATION the foBawur6
<br />desc3iba! «al estate, sitwted in Hall County, Nebraska:
<br />LOT FOURTEEN (14) IN BLOCK TWO (2) IN PLEASANT
<br />VIEW ADDITION TO THE CITY OF 'GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />together with a6 the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings,. all window sraeens,
<br />window shades, blinds, storm windows, awnings, heating, air conditianing,and plumbing and water equipment and accessories thereto, pttrtrps, stoves,
<br />refrr~ntors, 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 agred and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured therebv before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated inihe sum of ; 22 , 9DD . DD payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance: and not to wmmit or permit any waste on or about said premises;
<br />In case of default in the performance of any ~t the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession oC the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee ail the rents, revenues end income to be derived from the mortgaged premises during such time as the mortgage indebtedness shah remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />xhe carne and collecting the renu, revenues and income, and it may pay out of said income alt expenses of repairing said premises and naeessary
<br />wmmissions and expenses incurred in renting and managing the same and uC collecting rentals therefrom; the balance remairing, if any, to 6e
<br />applied towazd the discharge of said mortgage indebtedness: these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor :hat! repay std loan ^_n cr beCcrs the maturity of said shares by
<br />payment; pay monthly w said ASSOCIATION of the sum specified in the Bond secured hereby as interr'. and prinnpai on card loan, on or before
<br />the Twemieth day of each and every month, until said loan is ftdiy paid; pay all taxes and assessments levied against said premises and on this Mortggge
<br />and the Bond secured thereby, before delinquency: tarnish approved insurance upon the brildings therron in the sum of 3 22, 9DO. DD payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all nrnoney by it paid for such taxes, assessments and insurance with interest at
<br />the maximum Legal rata thereon from date of payment all of wtich Mortgagor hereby agrees to pay; permit nu waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 22 , 9DQ. DDtlis day given by the said Mortgagor to said ASSOCIATION, and wmply
<br />with alt the requirements of the Constitution and liy-Laws of said ASSOCIATION; then thex presents shall become null and void, otherwise they
<br />shall remain in foil force and tnay be foreclosed at the option of the said ASS<KIATION after failure Cor three months to make any of said
<br />payments or be three months in arreazs in making said monthly payments, or to keep and comply with the agrerrrents and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such forecloswe proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option oC The Equitable Building and Loan Association of C:and Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exerciae of said option, bear (merest at the maximum legal rate, and tlis mortgage may [hen be foreclosed to satisfy the amount due on said
<br />bond, arrd any other bond for additional advances, together with all surrrs paid by said The Bquitabk Bru7ding and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maxinum
<br />Iegai rate. ---
<br />As provided in the Bond secured hereby, while ores mortgage remains in effect the mortgagee may hereafter advanu additional Burns to the
<br />makers of said Boud, then assigns or successors in interest, wtich sums shah be within ehe security of this mortgage the saint as the funds originally
<br />secured thereby, the total amount of principal debt not to exrxed at any time the original amount oC this mortgage.
<br />natedths 14th:: ~ynf Povember A. n., 1v 80
<br />~~ o: e ,~ ~..-,
<br />gauline K. BaTles ,
<br />$TATB OE NfiBt2ASMA, (~; On tn;s 14th. nay of November 19 BD ,before rare,
<br />- fr117NTY hn Halt
<br />the undersigned, a Notary Public yr and for said County, perwnaliy carne
<br />Garry W. Bolles and Pauline K, Bolles, each in tits and her own right and as spouse of
<br />each, other wfi3 are rwnally known to
<br />me to bs the iden[itad perwn S whoae names are affixed to the above; mortgagor 5 and they severally
<br />acknowkAged the said insiruraent ro be that r votuntarY act and deed. ll ~
<br />WITNESS my hand and Notarial Seal the date atocecaid. ~` ~ ~,` ~
<br />M Commission ex ues ~ ~`'~~ ~' f~ '~^-'
<br />~~ Gii#EFA1ti4Tl,NY-Snip eof tkbrasj - ~ Notarti Public
<br />tysu err m
<br />lAtlES Kr. OLSON
<br />° MY Cectat. Esp. Nov. t2, 1983
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