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MMIX;ACE $s_. 101965
<br />MORTCAGG LOAN NO.. L 24,482
<br />dtattaw ALL MEN By Titrse IaRI'Sf.NTS_ That Phyllis F. Nelson, and :Tack L. Nelson, wife and husband,
<br />MortgWf, whether one or more, in consideration of the sum of
<br />Twelve Thousand Five Hundred and nD� 100 —�--� - -_--_« ------- _ ---_ -- ---- DOLLARS
<br />— - - -- - - - - -- _ _ - -- - - _- - -- - - -- _ -- - -_ . _.. -- -
<br />loarsed to aid mortgag sr by The Equitable Building and Ulan Assnciation oft ranch i stand, Nebraska, Mortgagee, upon 125 aloes of stock of
<br />said ASSOCIATION, Certificate No. L24,482 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska
<br />Lot One Hundred Forty Seven (147) in Buena Vista
<br />Subdivision, Ha 11 County, Nebraska.
<br />torlher with all ttic Ienetments, tereditarnems anal appurtenamrs thereunto WonKin$, including attached floor coverings, all window screens,
<br />window shades, burnt,, storm wrndelws, awnings, heating, ai• cooditioning,and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refriplerafcars,and other fixtures and equipment now, cu hereafter attached to or used m connection with said real estate.
<br />And whereas the said mortgagcn has W,,cd and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />messed upon said premises and upon this morigagc and the hand secured thereby before the same shall become delinquent: to furnish approved
<br />Insurance ups the buitdinp on said prenuses xnuated in the sum of $ 12, 500.00 payable to said ASStx'1 ATION and to deliver to said
<br />ASSCIATION the policies for said insurance, and not to cnmmit tar permit any waste tan or about sand premtiscs;
<br />In cam of default in the performance of any Of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee gall,
<br />eIn demand, be entitled to immedixte possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />nnentgpgec all the rests, rcv¢ntaes taild income to be derived from the mongaged ptnnuses during such time as the rrwrtgagc indebtedness shalt remain
<br />unpaid; said the nantpgm shall have the power to app iml any age.ot or agents it tray desire for the purpose of repairing said premises and renting
<br />the arse and collecting the tents, revenues and trtctime, and it r.-ay pay Out tat said tnculte .;l . xpenses of repairing said premises and necessary
<br />amrrtussxrns and expemes incurred on rrntityt amt managing the .uric and of ctdlacting rentals therefrom; the balance rernafning, if any, to be
<br />applied toward the discharge of said incntyagr indebtedness; these rights Of the mortgagee may be exercised at any time during the existence of-such
<br />Mauh. irrespective 4 ally temp nafy waiver of the sYmR
<br />These Presents, hwwvver, arc upon Cite ('ondttiun. That if the said MoiIgaW)r shall repay said loan On or before the maturity, of said shares by
<br />payment: pay monthly to said! ASS(X'IATI()S' A the suer aprcified In Ole tkmd secured hereby as interest and principal on said loan, on or before
<br />the Twertteth kby Of each and evrsy inonlh, until said loan sex tuhly paid: pay all eases and ass ssmerits levied against said premises and on this Mortgage
<br />and the Bond acc:ured ttrcrcby, before delinquency., furnish approved irranrance upon ehrr buildings thereon in the sum of S 12r500 .00 payable
<br />tor said A..M"AAl -I Nl, te{rsy u) said ASSMIATION ups drinand all rrnrney by it paid for such taxes, assessments and uestuance, with interest at
<br />the rraextmtrm lt7tal role tfttranr tins date serf payment all of which McKtpagrn hereby agrees to pay: permit no waste on said premises; keep and comply
<br />wrtlt all the Alg!Vententr And uanditnrns of the Bond lui S 12, 500.00 alai, day green by the said Mortgagor to said ASSOCIATION, and comply
<br />With an the requetements tai the l .smstitut on and By of said A.WX'IATION, then these presents shall become null and void, otherwise they
<br />shag remain in fun fence and relay be toreclo," at the option of the saki ASSOCIATION after failure for three months to make any of said
<br />payments of be three moirtibI, W arrears in making said monthly payments, in to keep and comply with the agreements and conditions of aid Bend.
<br />and fMcbrtpgerr x0fit" it) have A Accetwi, Appointed fntthwith to such fores;kisurr pfoccedings-
<br />If thin u any edamw in ownership tat the real estate ntubtppagcd herein, by sak or Otherwise, then the entire remaining indebtedness hereby
<br />Wilted shtdi, at rite uplitirt 4,4 The Fkluitable Building and Loan Asacxvtion of Grand Island, Nebraska, becumc immediately due and payable without
<br />fuuther otikx, and the arttrtumrt rrnu or.mg due urnki said harms,. And arty utter bond for any additional advances evade thereunder, shall. from the
<br />rate Of exercise of said opterarl, bear interest at the maximum kgal rate, and this mortgage may then be foreclowd to atisfy the amount due on said
<br />brntd,and any otlrct hood tar aldviunaf atvarrces, together with alt soon paid by said 'Rte Equitable Building and Loan Association of Grand Island,
<br />Nrhraoka for iraflramtx, taxes and asseastnenis, and abstracting extrmicrtt charges, with interest thereon, from date of payment at the maximum
<br />tat{.
<br />As Provided in the Barad secured hereby, while this miangap icinitin, in etlett the rotrtgagec inay hereafter advance additional sums to the
<br />ttaadsei s of mail Bond. their Assigns .0 suc:cclsars its inreiest, whtc h surfs shall be. within the security of this mortgage the carne as the funds originally
<br />100004-thiftehy, the filial amount .fl` princgtall debt nut to exceed at any lime tie .itwunal amount of this nwrtgage.
<br />tMod ti 22nd day of Apr i 1. A. D-19 86
<br />✓�r?A'Tt> lY1 "tipBttAeSKA,
<br />sr sit. t)n this ;,l) c3 lay of A i.1 tv 86 , before me,
<br />O't ")OilYp`Y ciF ttAl.l_
<br />the urnlersilo d, a Notaav Public sal and tin utd O'ounly, personallycarne
<br />Ptty119.ta �. tielr., cad ..l;�a ?a: i.. c :•isc :a�, 'rvif<� sad it „Slaas;<;r
<br />who 15 personally known to
<br />tmr
<br />to fait if* hlvo katl wfwt, *tarot na.,aw 1.fi alfrxrd t.. lit, ah a g g
<br />, tr utstnurrrnt a; Haar. a sits and :911 severally
<br />wil of wirk*d the aaxf 1'"A'Wi t Ica h, l -'t avatar „tray aaa ar"I drrd
<br />9 if 1iii -M my hcusd raid Notarial "seat tfua data x&rrewni
<br />Apr t'rrtt.utoy+ urn t^apn +:a
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<br />f tl • NOW /aaraaM r s _ c ..t.
<br />a rtk tar sit ■
<br />�tiw a 1M'�f �tiotat y Public
<br />ai�w � Milt, i�, 3llt
<br />Mi
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