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<br /> 7?- �l�519�
<br /> MORTGAGE
<br /> ` MORTGACE LOAN NO. 22806 " `
<br /> KNOWALLMENBYTHESEPRESENTS:That R1Chd1"d L. Sanford and Patricia L. Sanford each 'In hlS dt1Cl
<br /> � her own right' and as spouse of each other "�
<br /> z „ ,
<br /> ,, � ____Mortgagor_whethec one or more_m consideration_of the sum of. '
<br /> Forty Thousand and No/100---------------------- DOLLarzs `
<br /> loaned to said mongagor oy Tnc cKuuai;ia^nu,.w,,,�a,... ..se,.. s;ia^�e r.a.,�rclT�nd;NebrasY.a.Mortvagee,upon 4QQ shares of stock of
<br /> ; a,
<br /> sald ASSOCIATION;Certificate No.L 228�6 ,do hereby grant, convey and mortgage unto the said ASSOCIATIpN the following �
<br /> described real estate,situated in Hall County,Nebraska:
<br /> i�� � . . . � . � . .. . . . . . � � .
<br /> F. . . . � . . .. � .. � .. . . . . . � . ' .
<br /> i� .. . . . . . � � � � . . . , �
<br /> ,t.� .. . . . . . � � . . .. . . � � � � ' .
<br /> � LOT SIXTEEN (16) IN HLOCK THREE (3) IN TNE REPLAT
<br /> 4
<br /> � DF RIIIERSIDE ACRES, AN ADDITION TO THE CITY OF ' •
<br /> � ; GRAND ISLAND, NEBRASKA.
<br /> ; �;.
<br /> �.:
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<br /> Y�.. . . . � . . .
<br /> . .. . .. � � � . � � . � � � . �'.
<br /> � together�with all�the tenements,hereditaments and�appurtenances thereunto belonging,including attached floor coverings, all window.screens,
<br /> ����window slixdes,blinds,storm windows,awnings,heating,air�conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,��
<br /> ��� �� xefrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. � ��� . � � ��
<br /> a� AnJ whereas the said mortgavor has agreed and does hereby�agree that the mortgagor shall and will pay alt�taxes and�assessmep[s levied br
<br /> assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved
<br /> ' �:insurance upom the buildings on said premises si[uated in tl�e sum of$ 4O,���.�� payable to said ASSOCIATION and to deliver m�said�.
<br /> � ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises; . . . �. . .
<br /> In case of default in the performance of any of Uie terms and conditions of this mortgage or the bond secured heceby,the mortgagee shall,
<br /> �on demand,be entit]ed to immediate possession of the mortgaged premises and the mortgagor hereby assigns,.transfers and sets over.�to tlie- -
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> ���unpaid;�and Uie mortgagee shall have the power to appoint any agent oragents it may desire for the purpose of repairing said premises and renting�.
<br /> the same and collecting the cents,revenues and income,and it may pay out of said income all expenses of repa'uing said premises and necessary
<br /> commissions snd expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to be
<br /> i ��applied loward�the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any tiine during the existence of such:
<br /> t defaulf,irrespective of any terreporary waiver of the same.
<br /> � � �� These Presents,however,are upon the Condition,That if[]te said Mortgagor shall repay said loan on or before the�ma[urity of said shares by
<br /> 1i� . . �pxyment;pay monthly to said ASSOCIATION of the sum speciFed in the Bond secured hereby as interest and principal.on said loan,on or before�
<br /> theTwentiethday of each and every month,until said loan is fulty paid;pay xIl taxes and assessments levied against said premisesand on this Mortgage
<br /> � and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of$4O�OOO.00 payable
<br /> . � to�said ASSOCIATION;repay xo said ASSOC[ATION upon demand all money by it paid for such taxes,assessments and insurance with in[erest at
<br /> � � �the�maximum legal rate thereon from date of payment all of which Mor[gagor hereby agrees to pay;permit no waste on said premises;keep and compiy�
<br /> f �, � . . � . .. . . � � . . . � � � � � .� . ;
<br /> j with all Lhe agreements and conditions of the Bond for$ 4O OOO.�0 this day given by the said Mortgagor to said ASSOCIATION,and comply h`
<br /> ; with all Yhe requirements of the Constitution and By-Laws of said ASSOCIATION;then these presents shall become null and void,otherwise they
<br /> � . .shall�remain�in full force.and may be foreclosed at the.option of the said ASSOCIATION�after failure for three months�to make any of said
<br /> � payments or�be xhree months in arrears in making said monthly payments,or to keep and comply with the agreementsand conditions of said Bond;.
<br /> � � ��and Mortgegor egrees.to.have a receiver.appointed forthwith in such.fvreclosure ptocecdings. .�. . . � � �.
<br /> � . �� If there is�any clixnge in ownership of�the real estate mortgaged herein,by sale or otherwise,then�the entire remaining indebtedness heieby�
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> - Curther 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 exercise of said oplion,beaz interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said
<br /> j bond,and any other bond tor additional advances,together with all sums paid by said The Eqtitable Bullding and Loan AssociaYion oP Grand Isiand,
<br /> Nebraska for-insurance,taxes and assessments,and abstracting extension charges,with interest thereon, from date of payment at the maacimum
<br /> � . legal�rate. � . � � . . . : � . . .
<br /> j�� . � .. . . .
<br /> As provided in the Bond secured hereby,while this mortgage remains in eFfect the mortgagee may hereafter advance additional sums to the
<br /> �i.. makers ot�said$ond,their xssigns or successors in intecest,which sums shall be within the security of this mortgage the same as the�funds originally.
<br /> secured ihereby,ihe total amount of principal debt not to exce at any time the original amount of this mortgage.
<br /> ted� 9 `�ayof t P A.D.,19 �7
<br /> �,--"'
<br /> an or
<br /> � ..�J-'�,,.-.f'
<br /> y' Patricia L."San ord`
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<br /> ' STATE UFNEBRASKA,�ss. On this 4th. day of S2pteII�2Y' 19 7� ,befo:e me, �
<br /> t C4UNTY OF HALL
<br /> ythe undersi ed,a No• Publia in.�nd fo said Co ty,personally came x� ���+`:
<br /> Richard L. Sanford and Patricia 1. Sanford, each in �iis an��her owrr rig�t and as spouse � �
<br /> � of e ther who are ��gonelly known to �s *��s ;
<br /> �; affixed to the above iastrument as mort or and th@ severall ���"'
<br /> c� ersons ' whose namo5 dY'2 P,aB S y Y �
<br /> a e rumenL to be ���Lh23 C'� votunta act and deed_ � � � � '
<br /> i ���� ry , n ;
<br /> �..� �II my hand and Notazial Seal ffie date aforesaid. 1 . l ` �� -
<br /> .: r�,. -�� tJC��f2V��� .. . . ... . ,y .. i �, . � . ` -�4 . . . � .,
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<br /> Ni� fssson esp3res �, y �j\ 1. '�'
<br /> '^?� CQlvrMtSSIflN . � ! �" � � � \Lt�u,,•d
<br /> ExP�REs Ju
<br /> :' Notary Public
<br /> s-.t 2N'�G, ,. y`n� '� . .� .. . � .
<br />�.. . +J'r • 11 y.,�`
<br /> ;' � �� '�rE�OF NEg���
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