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<br /> �$-'U02402
<br /> MORTGAGE 4
<br /> � MORTGAGE LOAN NO. L 23�O�7 ��
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<br /> KNOW ALL MEN BY THESE PRESENTS:That qrthur R. Goodwi n and Irene M. Goodwi n, each i n hi s
<br /> � � and her own right and as spo�se of each other
<br /> � Mortgagor,whether one or more,in consideration of the sum of
<br /> i Fortv Thousand Eiaht Hundred and No/100------------------------------------------- ��LA� � ` :.
<br /> ��.j loaned to said morigagor by The Equitable Buildin and Loan Association of Grand Island,Nebraska,Mortgagee,upon 408 shares of stock of
<br /> said ASSOCIATION,Certificate No. L 23�0�7 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska: �
<br /> LOT NINE (9), KENTISH HILLS SUBDIYISIDN, LOCATED IN TNE SOUFH �
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<br /> HALF OF THE NORTHWEST QUARTER OF THE SOUTHWEST QUARTER (SZNWQSW4)
<br /> OF SECTION TWENTY-FIVE (25), TOWNSHIP ELEVEN (11) NORTH, RANGE •y_ ,
<br /> TEN (10), WEST OF THE 6TH P.M. , HALL COUNTY, NEBRASKA. �'
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<br /> ' together with all the tenements,hercditaments and appurtenances thereunto belonging,including attached tloor coverings,all window screens, ��
<br /> --�.! window shades,btinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, 3��
<br /> ..:{ refrigerators,and other fixwres and equipment rtow or hereafter attached to or used in connection with said real estata iz._
<br /> .� i And whereaz ihe said mortgagor has agreed and dces hereby agree that the mortgagor shall and wilt pay all taxes and asseuments levied or � ��
<br /> j assesud upon said premius and upon this mortgage and the bond ucured thereby before the same shall beeome delinquent;to furnish approved .��
<br /> 7 insurance upon the buildings on said premises siivated in the sum of$ 4��g00.�� payable to said ASSOCIATION and to deliver to said � ta�
<br /> �-i ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or xboui said premius; � �i r :3
<br /> �� In case of default in tlie performance of any oF the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, , � �'.
<br /> § on demand,be entitled to immediate posussion of the mortgaged premixs and the mortgagor hereby assigns, transfers and sets over to the �`'
<br /> � mortgagee all the rents,revenaes and income to be derived from the morigaged premises during such time as the mortgage indebtedness shall«main � � -•;�
<br /> �� unpaid;and the mortgagee shalt have the power to appoint any agent or agcnts it may desire for the purpou of repairing said prcmises and zenting � u�`""'^
<br /> the same and cotleeting the rents,rcvenues and income,and it may pay out of said income all expenus of repairing said premixs and necessary < '` �- .`
<br /> commissions and expenus incurred in renting e.nd managing the same and of coqecting rentals therefrom; the balance remaining,if any,to be
<br /> �) applied roward the dixharge of said mortgage indebtedness;thex rights of the mortgagee may be exercised at any time during the existence of such �
<br /> -��.9 . defa�ilt,irrespective of any temporary waiver of the sama .
<br /> �-i. These Presents,however,are upon the Condition,That if the said Mortgagor shall ropay said Ioan on or before the maturity of said shares by
<br /> payment;pay monthly to said ASSOCIAT(ON of the sum specifled in the Bond secured hereby as interest and principal on said loan,on or before �
<br /> ��;L the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied agains[said premises and on this Mortgage � .
<br /> ��j and the Bond secured thereby,before detinquency:furnish approved insurar�ce upon the buildings thereon in the sum of$40�8��.�� payabte �
<br /> � to said ASSOCIATION;repay to said ASSOCIAT[ON upon demand all money by it paid for such taxes,assessments and insurance with interest at - � -
<br /> the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees ro pay;permit no waste on said premises;keep and comply � � -
<br /> with all the agreements and conditions of the Bond for S 4��HOO.OO«s day given by the said Mortgagor to said ASSOCIA'I'ION,and comply .
<br /> with all[he requirements of Ihe Constitution and ByLaws oF said ASSOCtATION:then these presenis shall become null and void,othenvise they �. . �
<br /> .�:.? � shall remain in fuII force and may be foreclosed at the option of the said pSSOCIATION after failure for three months to make any of said . � �
<br /> payments or be three months in arrears in makiag said monthly payments,or to keep and comply with the agreemrnts and conditions of mid Bond; � �
<br /> � and Mortgagor agees to have a receiver appoin[ed forthwith in such foreclosure proceedings. � � �
<br /> �� If therc is an chan e in owaershi of the real estate mort ' ��
<br /> y g p gaged herein,by sale or otherwiu,then the entire remaining indebtedness hemby . �
<br /> seeured shall,at the option of The Equitable Buiiding and Loan puociation of Grand Island,Nebraska,become immediauty due and payable without � �
<br /> further notice,and the amount rcmaining duc under said bond,and any other bond for xny additional advances made thereunder,shall,from the �
<br /> date of exercisc of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said �. � . �
<br /> ���-F bond,snd any other bond for additional advances,together with all sums paid by said The Equitabie Bu�7ding and Loan Association of Grand Ialand, . - �
<br /> `+,� �Nebrasica for insurance,taxes and asussments,and abstracting ex[ension charges, with interest thereon, from date of payment at the maximum � �
<br /> i lepl rate.
<br /> �-� �As provided�in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the � �
<br /> .,,,j �makers of said Bond,the'v assigns or suceessors in interest,which sums shall be within the security of this mortgage the same as the funds originally . � . � �
<br /> �.� ��securod thereby,the rotal amount of principal debt not to exceed a[any time the originat amount of this mortgaga � � �
<br />' i . n�c� 2 h �r of Apri 1 A.D..iv78 '
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<br /> Ir,ene M. Goodwin �
<br /> STATE OF NEBRASKA,) �.,r---.,
<br /> }ss. On this 25th �y of Apri 1 19 �$ ,before me, �
<br /> COUNTY OF HALL�
<br /> u � � � � the undenigned,a Notary Public in and for said County,perwnally came � � � •� � � �
<br /> Arthur R. Goodwin and Irene M_ Goodwin each in his and her own ri ht and as s�ousg of �,; '
<br /> ��p @dC�l Ot�'12P ' � �hO are nonal y known to �* u
<br /> r � mc to be the identieal peraon S whose name_S d►^e aff'ixed to the above inatrument as mortgagtir S and they severally g,..
<br /> � acknowledged the eaid inatrument to be thEl 1^ voluntary act and d«d. i '; '��a "�?�
<br /> WITNFSS my hand snd NotarLl Seai the date aforosaid_ � F . '
<br /> � �� �� . � � My Commission expires 6FNERA�tlOTARY-Stata el Me�IDtka �' z-�:�- �I
<br /> � JOY M.BEAZLEY '�—�"�I'��� �i��-' '-�'� ����S tl`/
<br /> . at-sai rt[ � � � �MY Comrh.ExP.SepL 1.1981 �� ? ,/ Notary� ubN�c
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