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<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23 , 95 2
<br />KNOW Au MEN BY THESE PRESENTS: That i::. Marsden Carey and Jaculyn J. Carey, each in his and
<br />her o~nt right and as spouse of each other,
<br />Mortgagor, whether one or more, in camideration of the swn of
<br />FC?Lt37_~.V2_~~ 7LaU87*+~ arv3 Nn / 100 _ DOLLARS
<br />barred to said mortgagor by The Equitable Btrildirrg and Loan Association of Grand [shed, Nebraska, Mortgagee, upon ,450 chorea of stack of
<br />ssid ASSOCIATION, Certificate No. L 23,952 , do hereby grant, convey and mortga~ unto the said ASSOCIATION the foBovving
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot F,leven (11), in Block Five (5), in Clausen Country View Addition to the City of-Grand
<br />Islam, Nebraska
<br />together with all the tenements, hcreditatturtis and appurtenances thereunto belonging, inducting attached floor covermga, all window sveero,
<br />window shades, blirrds, norm win~ws, awnings, heating, air conditioning, and plumbing and water equipment and acceswries thereto, pumps, stoves,
<br />refri~rators, and other fixtures and equipment now or hereafter attached to or used m connedian with said real eriats.
<br />A~ whereas the said mortgagor has agreed and doss hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assexscd upon said premixs and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon She burldetgs on said premises situated in the sum of S 45, 000.00 payable to said ASSOCIATION sad to deliver to said
<br />ASSOCIATION the policies far said insurance; and no[ to commit or permit any waste on or about said premises;
<br />In was of default in the performance of any of the iertns and conditions of this mortgage or the bond se~vred hereby, the mortgagee shall,
<br />~ demand, be enNtkd to immediate possession of fix mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues sad inwme to be derived from the mortgaged premises during such time as the mortgage indebtedrcss shall rennin
<br />unpaid; and [he motgagee shall have the power to appoint any agent or agents it may delve for the purpose of repairing said premises and teatitrg
<br />the ssrne sad colkctirg tht rents, revenues and income, and it may pay out of said income all expenses of repairing said ptemfxa and necessary
<br />m and expeaxs incorrect in renting and rttatsaging the same and of coL4cling rontals iheretrom; the bahcce rem mm, if any, tr t+e
<br />applied toward the discharge of said rr^~tgage indebtedness; these rights of the mortgagee may be exerdxd at any time durng the exoteoce of atxlr
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said irsrr o0 or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATTON of the sum specified in the Bond secured hereby as interest and prindpal on saw bur, w or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied agavW said premises and on this Mortgage
<br />and the Bond secured thereby, before delioquancy; furnish approved insurance upon the buBdvegs thereon in the sum of 345, 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand ail money by it paid for such taxes, asseasmrn[s sad innuarrce with intereri at
<br />the maximum kptl rate ttxreon from date of payment alt of wtdch Mortgagor hrreby agrees to pay; permit no waste un said premises; keep and comp-y
<br />with ail the agreements and conditroos of the Bond for S45 000.00 this day given by the said Mortpgor to said ASSOCIATION, and Damply
<br />with all the requiremsnts of six Constitution and By-laws orf said ASSOCIATION; thou these presents ahsll become null acct void. otherwise tltry
<br />shall remain in fedt force and may be fnrcdoaed at th- option of tba said ASSOCIATION after facture fns three trtonths to mdse anq of said
<br />WYments or be thra ntonttu in arrears in making said m«rtlrty payments, or to kelp and comply with the apreenaents and conditiom of acid Boad~
<br />sad Mortgagor agrees to have a receiver appointed forthwitG in such fortclostuc '.rocudmgs.
<br />[t there is soy durrge fn ownership of the red estate mortgaged herein, by sale or otherwee, thaw the entire remaining indebtedneR hereby
<br />secured altaB, at the option of The Equitable Building sad Lawn Association of Graff Island, Nebraska become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, sad nay other band fa nay additional advanaa made thereunder, shag, from the
<br />dale of exercise of said option, bear interest ai the maximum legal rate, acct ibis mortgage cony thou be forecLrfed to satisfy the amount due on Did
<br />bond, and any other bond for additional advances, together with all sty paid by said The Equitable Burld"otg and loan Aaaoriatiera of Gtaod Island,
<br />Nebraska for irtsurmce, taxes and assessments, and abstracting extension charges, with interest tbereoa, from date of pyment at the toa:imum
<br />kpl rate.
<br />As psorided in the Bond secured hereby, while thh mortgage revsains in effect the mortgagee may hereafttt advance additional soma to the
<br />tinkers of said Bond, their assigns or auccessws in interest, which sums shalt be wither the seaarrity of this mortgage the same as the ftmds originally
<br />secured thereby, fix total anrouni of prirrdpal debt trot to exoesd at nay time the original amount of this mortgage.
<br />Dated this Qtjt day of June A. D., 19 81
<br />~~ t~
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<br />3 _ 3'
<br />t' A7F OF a ~ this 4th day of June 19 81 ,before me,
<br />COUNTY OF HALL
<br />the undersagoed, a Notary Ptrblfc in sad f~ said County, persoofguBye~awroe
<br />pttlBi,~l Carey dnd Jaculyn J. Garet, each ist his and htx owti right~and~ s-~wByOtrmrn`it~o
<br />tan W be the identipd parmn g tahoae rwM S are affixed to the above ' t as et tgrgorS and thl:y reveraUy
<br />thcsakf inrtrutaeat to be their volmtary act and deed. t i
<br />91T'I'1rfESS my frond-and Notarid Seal the daee aforesahi. .~
<br />MY Conmti~ion ewes f~+-` f~ -_
<br />sstaaa at J%^~'R'!/. 7 % C ~ L tary Ptrblk
<br />f / © fiENEltAL Nit7ARY State at IftbralN
<br />JAAtE5 W, t.`i9QN -
<br />'s~ -h tamm. Esp. Nov. !~. lik4i
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