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<br />~tr[:rit:r: _
<br />- _.____ _~ _._ _~~__._ - - - hiSJRTt::AGE LOAS+ NC1. L 2 "x47 7 MG I y
<br />~nvAU,T~~BrT»FS~I~ES~rrs:~~r3t ,;obis S. Nelson and Karen Ct. fielson, eac%: in isle and ;Ter
<br />own right and as spouse of each other
<br />1Aortgagw, wbnlltsr one or more, in er~tioe of the s~ ra€
<br />Twentl Seven Thousand Nine Nundred and NQ~OG________________________ __~
<br />leased to said mortgagor by The Equitable Buildiag and Lean Association of Graad l;bnd, Nehrasita, Mortgaget., upon 279 shua of stack of
<br />said ASSOCIATION, Certifrate No. L 2.34]7 , do hereby grant, wn-.ey arul mortg~ unto the ~ ASSOCIATION the fob
<br />ttt~ebed real estate, situated in Hall Ccuaty, Nebra~a:
<br />Lots Eight{$) and Nine{g} in Block Fourteen{i4) in Meth's Addition
<br />to Grand Island, Hail County, Nebraska.
<br />together with afl ihr: ienentenis, hereditatntnts and appwttnanccs thereunto txlangiog, including attached floor coverings, all window screens,
<br />win.low shades, binds, storm windows, awnings. treating. air asnditinning,and plwnbingand water atuipment and acceuwies there[o,pumpa,sfoses,
<br />refr~rators, std other futtwes and equipment raw or hereafter attached to or used in connection with said real r.state.
<br />And whereas the said mortgagor has agreed and does hereby agrce that the mortgagor shall and will pay a6 taxes aad aase~teats levied or
<br />assessed upon said premixs and upon then tnorigagc and the bond secured thereby before the saw shall become deBrtgtaerit; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 27, 9d~. ~Q payable to raid ASSOCIATION xad to deBser to aid
<br />ASSCtC1ATiON [he policies for said insuranix; and not tq commit w perrint any waste on or abaui said premises;
<br />In ®se of dcfanif in the .wrf_r_.runrr of any of the rerrrtc and r_n_ndit3nnc of ~h:e mn.t~ge n. this hngd ._. ..a tray L~ wrtgabw~ ~,~n
<br />on demand, be entitled to immediate possession oC the mortgaged premiss and the ixtortgagor hereby assiglis,4tnnsfers and sets otter to the
<br />martt~agee all the rents, revenues and income to be derived from the mortgaged premises dwirig such time as the mortgage iadebtedatss shah remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents ii maY desve for the purpose of repairvng said premises sad renting
<br />f!st ar.x sled callecting the rents, revene,.,-s and irt~rortx. andet rnaY paY out of sit! inwat2 aH expenses of repairing aid pramiaes and necetaary
<br />toamissions and eapenss incurred in renting and managing the same and of wTlecting rentals therefrom; the batattce remaining,ff any, to 6e
<br />applied toward the disdiarge of said mortgage iridtbtedtiess;tbese rights of the mortgagee inay be txsrosed at any titer dttrirrg the e.u/.n.,. ~ atr~
<br />default, itrespectite o€ any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, Thai if the said Mortgagor shay repay said loan on or before the maturity of said shares by
<br />psyattnt; pay rrwrithly to said ASSOCIATION of the sum specified in llse Bond secwed hereby as interest and grinagal ar_ said loan, on or before
<br />the Twertisth day of ash and entry month. until said loan is folly paid; pay all taxes grid ;~~?ients !!--vied a~*~ aid pr~~s vnd~ &hs m~it~
<br />arm t=.a °~rrd szcwe : t~rtby, bzfarz dclulquzn ~; furrtislt approved ir>3urartra; iraon lire `vuudings thereon is rho nrm of 3 ~ i , `~~t`I . Q~t sayab~
<br />to ffid k~Ot:IATiON; repay to aid ASSOClP.TION upon derrazid alt massy by it ~ €or sue.`. ta_zes, asre~,eats and iasurarrtx wit$ ia[ere~ at
<br />the es~rzimnm inml ¢ate IMrmn from ,lain of „avmant .li ,.r o,6:..1, l/,..ta.~n... I,,e..h...,..,...~ e,..,_..- - ~ _i_
<br />- ---'-,_~.._ ~~ ._~ __-. ~._ ___... ~._ _. ,._~........ _.. .,.......-. ,...,.~r~.,, .w~ o~.w~ .v wr, Krmti Pw waatt iw amiss p~ntss~a-; as&g ~1c4~~-y
<br />wi/~ all:~ ~arrArr~sits are? €^^.~a~.s ~* the b?ti=td far 3 ~ 7 €s'33. (j('j this day g;_x by 3:re aid ;~ar~g~. to saa. AS~iATisiR, sad izrra~y
<br />with alt the requirements of [he Constitution and By-laws of'said ASSOCIATION; then these presents shall become null sad wid, otherwix they
<br />shag remain in full force and may be foreclosed at the option of the said ASSOCIATION after failwe for three itmnths to matte say of ant
<br />payments or be duce months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of aid Boad;
<br />sad lortgagor agrees fo have a receiver appointed forthwith in such foreclosure proceedntgs.
<br />If then is any change in ownership of the real estate mortgaged herein, by ale or otherwise, then the entire retnminiag indebtednea hereby
<br />secured shall, at the option of The Equitable Btulding and Loan Association of Grand Island, Nebraata, become ivimediatety due std payable without
<br />fwther notice, ;rid the atmtmt remaining due under said bond, and any outer bond for any additional advances made thereunder, shag, from the
<br />date of estercise of amid option, bear interest at the trlaximum Itgal rate, and this mortgage may then be foreciored to atiafy the atomrat due oa aid
<br />6oad,:nd any other bond for additional advances, together with all sums paid by said The Equitable Buadiag and Loan Asrocistimi of Grand Isiard,
<br />Nebra>ttca for inataanse, taxes and assessments, and abstnc[ing eatetis;on durges, with interest thereon, from date of payment at i)x nmxintunt
<br />legal raft.
<br />As provided in the Bond aH?!red hereby, while fh3 tnertga~ rcrrar~ is e!ft~ the airrt~-ee n:ay F-rafter advance additio;,:3 sums to the
<br />makers of said- Bond, their assigns or successors in interest, which sums shall 6e within the security of this mortgage the sattx as the funds origimlly
<br />si~tu:.d thereby, the fatal amount of principal debt sot to exceed at any tint the origitul amount of this mostg~e.
<br />1 th ~Yof 3Uly A. D., 79 74
<br />j/J~/}Dated /f'3~
<br />~it*.iti#i-Ja N~1 sCltl ~ ~,A h
<br />~~ /~
<br />Karen d, Nelson
<br />~'~~~ ~ ~. on this 13th
<br />day of ~ulY l9 79,6r$oreme,
<br />the wdersryyied, a Notary Ptdd~ iri sad fw aid Cottaty, personally came
<br />3oltn S. Nelson and Karen d. ?:eison, each in his and her own right and as s nose of each other
<br />who a ~e t~~-y knows to
<br />tm fo be the itlantical pe[soa s whose names are affixed to tits about
<br />aticnuwkdged t!w said in#ruroent to be ihei r vttlttatary ad sad dead.
<br />WITIVES.S my hand and Notaria: Seal the data aforesaid.
<br />My Comrnissiat expire
<br />:~ tw /~~
<br />as mortgagors and they ~~,
<br />6EtttRA1 NOTARY . Shh of Nebr.
<br />JAMES W. OLSON
<br />!a My Comm. Esp. tfcv. i2. 1375
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