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<br />81- s)u3b`~~
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L23970
<br />IQ~SOIY ALL MEN BY THESE !'RESENTS: That Raympnd . L. Vang and Florence M. Vang, each In hiS alld Yler
<br />AWfi right and as spouse of each other, Mortgagor, whether one or more, in consideration of t(te sum of
<br />'ItrT23YP T~Y.Y1aanrl anr3 Nc>,/7j10--°___-------_--__--___---__..._-----.----~-__--DOLLARS
<br />bsned to said trwrigsgor by The Equitable Baildirrg and [.crate Association of Crand Island, Nebraska, Mortgagee, upon 12O shares of atodt of
<br />said ASSOCIATION, Certificate No. L 23970 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foBovviag
<br />described real estate, situated in Hal! County, Nebraska:
<br />LOT FOUR (4) , IN BIACi{ ONE (1) 11d "LE
<br />I-IEIGEii25 SUBDIVISI(~I" IN THE NOR3gi14EST
<br />~1R'1x;K -t7>' 'dl'iri ivcixriwr~i };t~iAiciTrt (iv'rvy
<br />NW;) OF SECTION ELEVEN (11) , 'IC7Gd~ISHIP
<br />ELEVF~7 (11) NOR`Ii-I, RANGE TEN (10) tdEST
<br />OF THE 6TH P.M. , IN HATS. COLIIVTY, NEI3RASXP,.
<br />together with aU the tenements, hereditaments and appurtenances thereunto belonging, including a[tad:ed floor wverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories [hereto, purrrys,s[oves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to cr used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree drat the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and [he band secured therebv before the carne shat becottie delingtxnt; [o furnish approved
<br />itrstuance upon the buildings an said premises situated in the sum of S 12, 000.00 payable [o said ASSOCIATION creed to deliver lu s.id
<br />ASSOCIATION the policies Cor said imuratrce; and not to wmmi[ or permit any waste on or about said pretises;
<br />!n case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagce shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, ttaatfers and setr aver to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises druutg such time as the mortgage indebtedness shag rettuin
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desere for the purpose of repairing said premises and renting
<br />the same and wBecting the rents, revenues and income, and it may pay out oC said income all expenses of repairing said premises and necessary
<br />mmtnissions and expenses incurred in renting and managing the came and oC collecting trotak thtrefrom; the balance r~•^+%^~^g, iC any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the trror[gagex may be exercised at any [mre during the existrnce of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, ere upon the Condition, That if the said Mortgagor stall repay sand loan on or txfore the maturity oC said shoes by
<br />payment; pay monthly to said ASSOCL1TtON of the soot specified in the Bond secured hereby as SnEtrest and prinapal on said loan, on or before
<br />the Twentieth day of each and every wnth, until said loan is fully pan]; pay aB fazes and assessments levied a~~ •t said premoes and on this Mortgage
<br />and the Bond sa:ured [hereby, txfore delinyuency; Furnish approved insurance upon the buildings thereon in the sum oC Slz, OOO, OO payable
<br />to said .ASSOCIATION; repay to said ASSOCIATION upon demand alt rnuney by it paid for such taxes, asstxmten[s and insurance with interest a[
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; ptrmit no waste on said premises;keep sod comply
<br />with all the agreements and a+nditions of the Bond for E 12 OOO.OO this day giver[ by the swirl Mortgagor to said ASSOCIATION, and comply
<br />with a8 the rcyuirernents a(thc Constrtutioa wad By-Caws at said ASSOCIATION; then these presents shall Ixwrrre null and wid, otherwise they
<br />shall renurn in fat! force and may !>r foreclosed at :he option of the cant ASSOCIATION after failure for throe manihs ro matte any of said
<br />payments ar Ire three nwnths in a,trars in tt,akmg said rtronthly payrrtrntr, ur to keep and wmply with the agrcements and curati[ions of said Bond;
<br />and Moregagur agrees to love a rccesver appumted forthwith in such foreclosure prueeed3ngs.
<br />if there is way charrgr N ownership of the real estate mortgaged herein, by sale ur otherwise, then the entire rerrtsirring indebtedness hereby
<br />sa:ured shall, a[ the optnrn ut The i~quitable Building and Loan Association of Grand Island, Nebraska, txcome irmnediately dtre creed payable without
<br />feather erotica, acrd the anwuut rema,ning due under sari bond, wad any other bored for any additional advances made thereunder, shag, from the
<br />date of exercise of said option, bear interest at [fir maximum legal rate, and this mortgage troy then be foredossd to satisfy the amotm[ due on said
<br />bead, and way other bond foe additional advances, together with all sure. paid by said The Equitable Building and Loan Association oC Grand Island,
<br />Nebraska fa insurance, taxes and assesattents, and abstracting extension c}targes, with interest thereon, Crom date of payrsrent at [he nuximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains m effect the mortgagee may hereafter adva.tex additional starts [a the
<br />makers oC said Bund, their assigns ur stuceswrs in interest, wtuch sums sMll be wrthm the security of this mortgage [ht carne as the funds originally
<br />seemed thereby, the total arturunt of prmcrpal debt oat to exceed at any time the urigrnal amount aC this rnurtgage.
<br />tasted this 24th day of July ~. a.,1e81
<br />r
<br />Florence M. Vartg
<br />STATE or NEBxASxA, ~ ~ o„ tn;s
<br />COUNTY OE HALL. 14th day of July lU 81 .before rrx,
<br />the under ~ ed, a Notary Pri6llc in and far seal County, persutrally came
<br />Rayttloatd L. Vang and Florence M. Vang, each in his an~her awn right and as spouse of each
<br />ot}p;,rr 'r'hu. are ~ txrsur,ally known to
<br />ere is ere the +dentiwl pezson g whux rueur 5 are affixed to the atwvr coca rrmert as t,tortgagur5 an~ they aszratly
<br />arka.+wledgrd dre xaid mstrumrnt w be thelY vu3untaiy act and dead. ~ .~
<br />tYt7"Nt;SS ^tv food aril Nu area! ties3 the dstc afaresaid.
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<br />My t:omnr+asror. cxpurs ~~, r ,/~ J; _ ..~ - ,
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<br />rs,s nr a -. votary twhl;c-..
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