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80. ~)ti~'418
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23,8$7
<br />IINON ALL MEN BY THESE PRF5k2ft5: Thee David Lynn Nelson and Rhoda S. Nels~t, each it his and
<br />her own right and as spouse of each outer, Mortg~or..rhether oec or mac, is wrmdaatloa d the a~ d
<br />~' ty-six TYnusand and No/I00-- ~~
<br />bared to aid erortgagor by Tile Equitabk BttfMisg and lean Apociatiaa of coed IaYod, Nebrrfa, , upon 360 shareaaf pot of
<br />aid ASSOCIATION, Certificate No. L 23,887 , dir hereby gent, wmey sad tntxtgase ®to the raid ASSOCIATIONt the faBoarfas
<br />descbed real estate, situated in Hal! Comty, Nebraska:
<br />IL71' `iWi3gTY ONE (21) AND THE rv'ESTfRLY EIQ~I` FEED (8')
<br />OF I,OI' Tv4F2PIY (20) IN LiT,OCK ONE (1) IAI PLEASANT VIEW
<br />FOURTH ADDITION ~ THE CITY OF CaRAtTB ISLAND, HALL
<br />CO~t'~tTY, Nr'~RASICA.
<br />tog[her with all [he tenements, hereditaments and appurtenances [hereunto belonging, including attached door wverings, aU window saeeaa,
<br />window shades, blinds, storm windows, awnings, heating, air wnditioning, arrd plumbing and waur equipment and accesaoria thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached [o or used in connection with said real estate.
<br />And whereaz the said mortgagor has agced and does hereby agce that the mortgagor shall and will pay aU [axes and amsmrents kvkd or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; [o furnish approved
<br />insurance upon the buildings on said premixa atuaudut iht sum of 3 35, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance: and not to commit or permit any waste on or about said prerttisea;
<br />In case of default in the performance of any of tbe terms and conditions of this rttortgagt or [he boor" secured hereby, the mortgagee attsB,
<br />on demand, be entitled to immediate possewon of the mortgaged premixs and the mortgagor hereby assigns, transfers and sets over to the
<br />trwrtgagce ail the rents, avenues and mwrm ro be derived from the mortgaged pro:uses during such tune as the mortgage indebtedmss shall amain
<br />unpaid: and the mortgagee shalt have the power to appoint any agent or agents it tray desire for the purpose of repairing said premises sad rea!!ag
<br />the same and wBecting the rents, revznrus and income, artd it may pay out of said income all expenses of repairing said premises and necemry
<br />commissions and expenses incurred in renting and ntartagirtg the same and of collecting rentals therefrom: the balance remaining, if any, to be
<br />applied inward the discharge of said mortgage indebtedness; tfiese rights of the mortgagce rosy be exercised at any [itm dorirtg the existence of such
<br />3erauit, irrtspecMive of any tempo[ary waiver of [he same.
<br />These Presents, however, are upon the Condition, Fhat if the said Merigagur shall repay said loan on or before the maturity of said stores by
<br />payment; pay mm~thiy to said ASSOCIA i lON of tfit sum s~citiad ir, the &sttd second htuby as interest and principal on said loan, on or btfmn
<br />the Twentieth day of each and every rwnth, until said Iran is fully paid; pay all taxes and assesrmnts levied against said premises and on this Mortgage
<br />and the Bond sewred thereby, before delinquency; furnish approved insurance upon the buildings thereon N [he sum of 3 36, OOO.OO payable
<br />to aid ASSOCIATION; repay to said ASSOCIATION upon demand aB rriomy by rt paid for such taxes, assessments and insrrance with inurest at
<br />[he maximum legal ran [hereon from date of payment ail of which Mortgagor hereby agrees to pay; permit no waste on said premises; ketp and comply
<br />with all the agcetmnts and wnditions of the Bond fur S 36 000. OD this day given by the said Mortgagor to said ASSOCIATION, and wmply
<br />with all the requheemnts of the Constitution and By-laws orsaid ASSOCIATION: then thex presents shall become null and void, otherwise they
<br />shall remain in fu6 force and may be foreclosed at the option of the saki ASSOCIATION after failure (or thr« months to stake any of said
<br />payments or be three rtionths b arrears in making said month{y payments, or to keep and wmpty with the agcements and wnditions of said Bond;
<br />and Mortgagor agr«s to have a receiver appointed forthwith N such foreclosure proceedings.
<br />tC them is any change io ownership of the real tsure morigaged herein, by sale or otherwise, then the tntire remaining indebtedness hereby
<br />secured shag, at the option oC The Egtiitabk Building and Loan Association of Grand laland, Nebraska, hewme immediately due and payable without
<br />feather nMice, and the amount remaining dot under said bond, and any other bond for any additional adwnces made thereunder, shill, from [he
<br />date of exercise o£ said op[bn, bear inures[ at the maximum legal rate, and this tnor[gage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, togther with all sums paid by said The Equitable Bolding and loan Association of Grand Island,
<br />Nebraska tot insurance, taxes and assessrmnts, and abstracting extension charges, with interest thereon, from date of payment a[ the maximum
<br />Itgil rate.
<br />Aa provided in the Bond secured hereby, while this mortgage remains b effect :..t mortgagee rmy hereafter advance additional sums to the
<br />trrakers of said Bond, tlseu assigns or successors N interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />aecumd thereby, the total amount of priricipil debt not to exceed at any time the origins! arttoimt of this tnortgsge.
<br />,' Dated this 23rd day o£ Decsaber A. D., 19 80
<br />5, Nelson ~--/
<br />STATE OF NEBRASKA,
<br />COUNTY OF HALL ~~ ~' this 23Ld daY of Dec~tiber 19 80 .before nee,
<br />[ d Nnmrv A.hli~'n ~ A for ~ r`nnneu n., ,......
<br />David Lynn Nelson and Rhonda S. Nelson, each in l~t~ra~-Yid tier ohm rigth~'"arid as"spbtfse `of"'"°
<br />each other, who am personally known to
<br />me to be the identical persons whose rearms are affixed to the above inatrupient as modgagor s and 1heY severtuy
<br />adtmwkdged the said instrument to be thEi.r voiun[uq act and d«d.
<br />K7TNESS my hand and Notarial Sea! the date aforesaid.
<br />'~.
<br />~ s
<br />My Commashn expuer } ~ , ~ ~ ~~~ ~
<br />tatarss at ~ E - _ Marv P~
<br />L~ ~.. u yi - -" e
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