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<br /> MORTGACE
<br /> MORTGAGE LOAN NO. L 23,OH2 MGI C
<br /> KNOWALLMENBYTHESEPRESENTS:That Steven E. Morris and Cynthia A. Morris, EdCFI 1� h15 dlld 1
<br /> her own right and as spouse of each other,
<br /> -.i�- . __Mortgagor_whether one or more_in consideratlon of the sum of ..�. �
<br /> � Ei hteen Thausand and No 100------------------- ��yA�
<br /> �oaned to said mortgagor by The Equitable Building and I.oan Auociation of Grand[sland,Nebraska,Mortgagee,upon shares of stock of � �
<br /> said ASSOCIAT[ON,Certificate No.L 23>082 MGI C do hereby grant,convey and mortgage unto the said ASSOCIATION the foLLowing �
<br /> ;�i described�real estate,situated in Hall County,Nebraska: . . �' �
<br /> ' LOT EIGHT (8) IN BLOCK ONE-TWENTY-SEVEN (127)
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<br /> UNION PACIFIC RAILWAY CO'S SECOND ADDITION TO
<br /> CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> �r together with all the tenements,hereditaments and a urtenances thereunro bdon n � ?��
<br /> pp gi g,including attached floor wverings,all window screens, . e�.
<br /> ��� window shades,blinds,storm windows,awnings,hexting,air wnditioning,and plumbing and water equipment and acceswries theroto,pumps,stoves, s��
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. . ` � ,
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagur:ha►1 and will pay all taxes and assessments Ievied or • ��-� � - r ,s'-
<br /> ' assessed upon said premises and upon this mortgage and[he bond sec e,Q t r by efore the same shall become delinquent;to Curnish approved � -�
<br /> '� insurance upon the buildings on said premises situated in the sum of S�6 a���•�� payable to said ASSOCIATION and to deliver to said �� y t ti
<br /> _{,� ASSOCIAT[ON 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 the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, . `."
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the �
<br /> . mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedneu shall remain .
<br /> ' unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting .�
<br /> � , the same and rnllecting the mnts,reveaues and income,and it may pay out of said income alt expenses of repairing said premises and necessery � '�' ��
<br /> .{ commissions and expenses incurred in renting and managing the same and of collecting rentals thereGom: the batance remaining,if any,to be �
<br /> . applied toward the discharge of said mortgage indebtedness;these rights of ttie mortgagee may be exercised at any time during the exirtence oF such �
<br /> default,irrespective of any ttmporary waiver of the same. � . , �
<br /> . These Presents,howevtr,are upon the Condition,That if the said Mortgagor shalt repay said loan on or beforc the maturity of said shares by �� .
<br /> " payment;pay monthly to said ASSOCIAT/ON of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before �
<br /> '� � the Twentieth day of each and every month,until said loan is fully paid;pay aIl taxes and assessments levied against said premises and on this Mortgage � -
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<br /> y � and the Bond secured thereby,before delinquency;fumish approved insurance upon[he buildings thereon in the sum of$�$���0.�Q payable �
<br /> { to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessmenss and insurance with interrst at
<br /> ! the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply , � � . � �
<br /> `j�� with all the agreements and condi[ions of the Bond for 5 �$a���•�0 this day given by the said Mortgagor to said pSSOCIATION,and comply � .
<br /> � with all the requirements of the Constitution and By-Laws of said ASSOCIATION;then these presents shall become null and void,otherwiu they � �
<br /> shall remain in Cull force and may be foreclosed at the option of the said ASSOCIATION aRer failurc for three months to make any of said � � �
<br /> � paymrnts or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond; � -
<br /> _�,j and Mortgagor agees to have a receiver appointed forthwith in such foreclosure proceedings. . � �
<br /> ,{ If there is any change in ownership of the real estate mortgaged herein, by sale or otherwiu,then the entire remaining indebtedness hereby � . �
<br /> �� secured shall,at the option of The Equitable Building and Loan pssociation of Grand Island,Nebraska,become immediately due and payabte without �
<br /> further notice,and tht amount remaining due under said bond,and any oiher bond for any additional advances made thereunder,shall,from the
<br /> �3� date of exerciu of said option.bear iniercst at the maximum legal rate,and this mortgage may then be forodoud to satisfy the amount due on said � � �
<br /> bond,and arey other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Istand, -
<br /> t � Nebraska for insurana,taxes and asussments,and abstracting extension charges,with in[erest thmeon, from date of payment at the maximum � �
<br /> t . legal 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 /> ... makers of said Bond,their assigns or successors in interest,which sums shall bo within the security of this mortgage the same as the funds originally � ��
<br /> j , securcd thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga � � �
<br /> 3 Deted this 26tr1 da of A Y'1�
<br /> : . . . Y P � A.D.,19 7$ .
<br /> � Srs,_.-�'=___—�F ?tJ��o �:iYt�'�C'�`lL.c� �� �',1�0�`��'�
<br /> '� -�Steven E. Morris Cyn ia A. Morris
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<br /> STATE'OF NEBRASKA, � On this 26th day of Apri 1 19 7$ ,before me,
<br /> COUNTY OF HALL� E
<br /> the undersigned,a Notary Public iq snd for said County,personally e � �. _i �
<br /> �Steven E. Morris and Cynthia A. Morris, each in his and her own ri ght and as spouse o�' � �" ' u
<br /> each other, :-') wfio dPe perwnally known to '' �
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<br /> me to�be thc�identical person 5 whose name S � are affixed to the above instrument as�rtgegor S and they x��y �;,;'; '
<br /> thei r ,=� ;
<br /> a6knowledged the aaid instrumeat to be wluntary act and deed. � j x.�� ;
<br /> WITNESS my hand and Notariai Seal the date dorcssid. � LL''"
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<br /> MyCommi ' ires �/_.--,���`/' " /l � /' •
<br /> � � � � � �6ENERAI NOTdAY•Si�te ol MeLnsta ��/ / / � �i~�'�G�
<br /> � JOY M. BEAZLEY N c
<br /> .�.s�.s�t Rl � � ��
<br /> : �Y�.ettten.ExP-Scx I.lSol . �
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