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MORTGAGE 86, 103768
<br />MORWAG11'.. LOAN NO. 1, 24,546
<br />KNOW ALL MEN BY THESE PRFSEVB: That Clark A. Gauthier and Stephanie R. Gauthier, each in his
<br />and her own right and as spouse of each other
<br />Morlpilsof.whether (ine, or more, in consideration of the sum of
<br />Forgive_ I(jk Hundred and
<br />LARS
<br />barred to said mortgagor by The Equitable Building and Ioan Association of Grand Island, Nebraska, Mortgagee, upon 458 shares of stock of
<br />said ASSOCIATION, Certificate No- L 24,546 7 do hereby grant, convey and nx)rtpgc unto the said ASSOCIATION the following
<br />described real estate, situated in Hall Cilounty. Nebraska:
<br />Lot 7Uoo (2) , Block Two (2) , i) Normandy Estates,
<br />an addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />together with all the tcli•meols, hcreditarzuata and appnrtcnarces the.,einii,o he `)ropin2- includin , - � attached floor coverings, all window screens,
<br />window shades, blinds, gtwin windows, awnings, heatmg.ai; :t)ndztwrint,-.and plunihmp and ",ilefelluipirientand accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equition-icrit n- or hereaftei attached I(, or axed in �-HWU•UI w1111 said 1031 estate.
<br />And whereas the said rnorqwgor has agreed and does hcrch, agree thzli the morittagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and uR)n this mmigage and the ition-` wcu.roj ?hcicbN be*-c the same siiall become delinquent: to furnish approved
<br />insurance upon the huildirog3 on said tircrill- situat-t u< the sum of S 45, 800.00 payable to said ASSOCIATION and to deliver to said
<br />MSOCFATION the policivi for Ito] insurance. and 11�14 Coltninn Ili FI•.-In't any -avc %:, al-ut said premises:
<br />In c= of default in the perforaoatncr if any uf the tcluts and C-nillio's of this nnorlgage or file hoed wcured fierrfiv, the mot.,Agole shall,
<br />on demand, he emilled to immediate possession !f the Milllg3gotd PrCIMWI And the ff-ttipgliT lIt`feb% asiagns. transfers -Ts And sets over to the
<br />mortgagee all the rents, o.wo-lues and ur-con to lie derived front the molartzged prcrniscs durine, such little As the mortgage indebtedness "I remain
<br />unpaid: and the mcwtitastore shall have the power ro api-int any agent ;or a2i-nt: it play do size 1- the piloorwise of repairing said premises and renting
<br />the same and ciollecting the rents, revenuct And incrime, and it may pay •oel of said !n,umt .0] expenses 7f repairing said premises and necessary
<br />commussirons and expenses incurred in i�nion.r and ntaujorip, the cone aria ••l -declont rcroials therortzoin: the balance ictnaining, if any, to be
<br />applied toward the discharge ,' said nxrfirRge md,hwdntss- they itgnis h, -,rrgagrr o-liav Iw exercised at any time during the existence of such
<br />default, urespecilve lit amt III the %avic
<br />These Presents. however, are up- tb--- O'lldilloil. I IIAT of III, said ,jmy said ],)art on of Ietote the rnaturity of said shares by
<br />payment, Vas utiniffily to sand ASS(K-IA I ION t the swn -;;k-cifieJ ;r. Bow! v'-cumd ht-rchi is intereI And principal on said loan, on of before
<br />tile Twentieth itao, of each and cvetI, wad )",in c fittiv pas :III !r%,:% ind 4,,ws%n)cnts levied against said premises and on this Mortgage
<br />and the H,)nd secured tht:rch-. , t,cl,,fe ti;onsh approved ul-I :1-c 6ulldllo * P-s thereon I' the sum of S 4" , 800. 00 payable
<br />to said ASZSO('IA HON, o•pa, !to said ASS(X IA tION q-1 1vin2nd All no-wo, Inv , paid f- such taxes- assessments and insurance with interest at
<br />the maximum leg
<br />;fl life then,..n horn date z>! pa";nvP! 1110 -hich 1wrrt7 gl-rs to pay . "Vrollit no waste on said premises ; keep and mmiltily
<br />with all the agitcitients and omdtlions ol III, Bond ha 5.,5,_60U. 0() till, Jas bN 'tic said Mortgagor it, said ASSOCIATION, and comply
<br />with all the requacultnis Ili the ( i,nktitu I 'I'n Anil HV I 3W% of sand •NSS(,X'f,% I ION P�rn these pr;sctils dial; become null and void, otherwise they
<br />shall ictuain to fail lmct and :na% 1,,• , !o,c,:1,,sr-,! it the option ai ific said 'VoISO(AA I ION alter f3duie it,), three months to make any of said
<br />payments or he fht,�, niomth, no arrears :-, IT-Ak2ng said nitiIiiihiv pavritents. ur to ioe.zp and corr.iply with th, agreements and clridatonsof said illond.
<br />and Mortgagor Atil-'es to have a scow' f0ithillnth in -I, pr,Icei,dmgs,
<br />If their is any cluster in owneisrup of the real estate mcirlraged herein, by sale or iother•isor. then Lie entire remaining indebtedineu. hereby
<br />secured shall, A the "Pti'lit of The I 4ull3l"k building. and Loan of Grand Island, Nebraska. beellffic immediately due and payable without
<br />further noticr, and tht: juloutil trinatning JIw and said Kind, and any olh<r bond for any additional advances made thereunder, shall, from the
<br />date Of elielCM of sail Oplholl, ! ran Wk:cst at I tic maxilnum legal rate, and !his -morti
<br />gage may then be foreclosed to satisfy the Amount due on said
<br />bond.and any ,(hei th,:,nd too addlimnal aJ ant:e,. f"gEfie, with All sum p.jid hv said I he I-quitable Building and Loan Association of (,rand Island.
<br />Nebraska for insurance. talcs 1,1d chailirs. -Iii interest the,evn. I-lom dale of payment at the maximum
<br />iepi rate.
<br />As togowded in the fimd .--i h-bii. wain, M•• -,ftPF1 -r-rs i,, •ftco the inorigagee tray hereafter advance additional sums to the
<br />mitisers of saki Bond. il:ejr axsiyis ou 7:,tc es l, vti:n-j, sins stiall t within the -w,:njIIN of this znortizage thir.- same as the lundsorigulaily
<br />wcured thereby, the iota{ ztt!-in, ol pimoval alert not 31 a5's I'mc sh, oolglrl4i arn."Int psi ;his mortgage
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