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<br />MORTGAGE
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<br />88-101474
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<br />MORTGAGE LOAN NO.
<br />
<br />L
<br />
<br />24999
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<br />KNOW ALL MEN BYTIIESEPRESENTS:That Harry 1. Nadeau and Kelly Kay Nadeau, each in his and her
<br />own right, and as spouse of each other,
<br />
<br />Mortgagor, whether one ur more, in consideration of the sum of
<br />Twenty Thousand and no/IDa ----------------------------------------------------noLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island, Nebraska, Mortgagee, upon 200 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24999 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in lIall County, Nebraska:
<br />
<br />Lot Eight (8). Block Thirty-six (36), in Russel Wheeler's Addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />
<br />together with all the lenements, heredilaments and appurtenances thereuntu belonging, including attached 1100r coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, healing, air condilioning,and plombing and waler equipment and accessories thereto, pumps,stoves,
<br />refrigerators, and other fixlures and equipment now or here<!ofler attached tu or used in cunnccLion with said real estate.
<br />
<br />And whereas the slid mortgagor has agreed and docs hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon Ihis mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situaled in the sum of S 20.000. UO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIA nON the policies for said insurance; and not to commit or permit any waste on or about said premises;
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<br />In case of default in the perfolmance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entilled to immediate possession of the mortgag~d premises and the mOItgagor hereby assigns, ltansfers and sets over to the
<br />mortgagee all the lenis, revenues and income to be deriyed from the mOltgaged premises during such time as the mortgage indebtedness shall reD'.ain
<br />unpaid; and Ihe 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 collecting the rents, revenues and income, and it may payout of said im:ume all expenses of lepaiIing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and (If collecling renlals therefrom; the balanl.C remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; the:;.: rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary wai\'er of the same
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<br />These Presents, howeyer, are upon Ihe Condition, That if the said Mortgagor shall repay said loan on or befole the maturity of said shares by
<br />paymenl; pay monthly to said ASSOC!ATION 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, unlil Slid loan is fully paid; pay all taxes and assessments levied against said premises and on th.is Mortgage
<br />
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thercon in the sum of $20.000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate Ihereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />
<br />with all the agreemenls and conditions of the Bond for S20. 000.00 Ihis day given by the said Murtgagor to said ASSOCIATION, and comply
<br />with all the 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 foreclused at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and cum ply wilh the agreements and conditions of said Bond;
<br />ilnd MOllgagor agrees tu have a receiver appointed forthwith in such foreclosure proceedings.
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<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherv.'ise, then the entire remaining indebtednes3 hereby
<br />at.CUred shall, at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br />fwtller notice. and the amount remaining due under said bund, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal raIl', and this mortgage I1l3Y then be foreclosed to satisfy the amount due on said
<br />bond,and any other bond for additional ad\'lUlces, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of plyment at the maximum
<br />Iepl rate.
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<br />As pro'iided in the Bond secured hereby, whiie 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 be wilhin the security of this mortgage th~ same as the funds uriginally
<br />secured thereby, the total amuunt of principal debt nut to exceed at an)' time the original amount of this mortgage.
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<br />
<br />
<br />ell ay
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<br />STATE OF NEBRASKA,l 55.
<br />COUNTY OF HALL'
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<br />On I his 24th
<br />
<br />day of
<br />
<br />l>larch
<br />
<br />19 88 ,before me,
<br />
<br />..nr.. ..
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<br />Harry L. Nadeau and Kelly Kay Nadeau,
<br />right, and as spouse of each other,
<br />me II.. be lhe identical ~n(Jn s whose name,. s are affixed to the above inst~um/nt as lOrtgagurs and ~ they severally
<br />
<br />lIclcnowkdgcd the uld m~~rumeut to be, the 1 ~ . "olUnltuy act a~d deed. ~/ . _ --~)
<br />WITNESS my hAud amI Nolaual Se.!.! Ihe d~afures;ud, / L.---./
<br />
<br />My ('('nllni"i"n tllpl.u 9/ / /? / ~ / f/7'?7 .--#--J' . _ L
<br />
<br />
<br />I.,L-:G=.:-trl L/ /; . .~fP. .~~r-
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<br />Ihe un.lersigned, a Notary Public in and fOI said County, personally came
<br />each in his and her own who are
<br />
<br />personally known to
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