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<br />MOR'TG'AGE _
<br />MORTGAGE LOAN NO. L 23 , 566
<br />EQ+iOWALLMENBYTNESEPRESENTS:That Arthur W, Ferguson and Sharon E. Ferguson, each in his and
<br />her own right, and as spouse of each other
<br />Mortgagor, whether orte or more, in consideration of the sum of
<br />Thirty!--one Thousand Three Hundred and Nof100-------------------------------------- ~~~
<br />loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island, Nebraska, Mortgagee, upon 313 shares of stodt of
<br />said ASSOCIATION, Certificate No. L 23, 566 , do hereby grant, convey and mortgage unto the said ASSOI:IATiON the foUowtog
<br />desraibed real estate, situated in Hall County, Nebraska:
<br />LOT NINE {9), IN BLOCK EIGNT {8), IN
<br />SCHIMMER'S ADDITION TO GRAND ISLAND,
<br />NEBRASKA.
<br />together with all th<~ tenements, Ixreditaments and appurtestan+xs thereunto belonging, including attached flour povcrings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air +xrnditioning,astd plumbing and waterequiprrtent and amsxorits there[o,pumps,stovrs,
<br />refrigerators, and other @xtures and eyuiprnent now ur hereafter attached tour used ut wnsxc[iun with said real estate-
<br />And whereas [he said mortgagor has agreed and does hereby agru that the mortgagor slsall and will pay all taxes and assessments levied or
<br />asressed upon said premises and upon this mortgage and the bond secured thereby before the same shah become delirtquept; to furnish approved
<br />insurance upon the buildings on snot prritrises situated N the sum of S 31 ,300, OD payab:~ to said ASSOCIATION and to >wL':°r to said
<br />ASSOCtATION [he policies fur said insurance; and nut to commit or permit any waste on or about said premises;
<br />to rase oC default in the perforrnarrce of any of the terms and conditions of this rnprtgage or the bond secured hereby, the mortgagee dull,
<br />on dtmard, be enhtied to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and nets ovee to the
<br />mortgagee all the rents, revenues artd ina~me io be derived from the mortgaged preritises during such time as [hc mortgage indebtedrxKS ,toll remain
<br />unpaid; and the mortgagee shah have the power to appoint any agent or agents it rosy desire for the purpose of repairing said premises attd ren[ittg
<br />the aasrx and collecting the rents, revenues and in+nme, artd it may pay out of said income all expenses of repairing said prett»aes and neszsary
<br />pommissions and expenses incurreu in rrnting and managing the saute acrd of coBectirtg rentals therefrom: the balance remaining, if nay, to be
<br />applied tutvard the discharge of said nwrtgage indebtedness; these rights of the mortgagee may be exercised at any tithe during the exiuenoe of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the C~undition, That it the said Mortgagor shall repay said loan un or before tht maturity of said shares by
<br />payment; pay sn+,nthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal an said loan, ao ur before
<br />the TvrentietF; day of each and every rru?nth, until said Iran is folly paid: pay all texas sad asse~vnents levied against said premises nerd oa the Mortgage
<br />and the tiopd seeurni then by, txtsrrr deiinytrti+cy; furnish approved irtsursuce upon tine buddutgs thorn in the sum of S 3I , 300. Q(} payable
<br />to said ASSOCIATION; repay t+s s=td ASSOCiA`ftON upon demand alt nxuxy by it paid for such taxes, arscasrmnis sad insurance with interest ai
<br />-tt:e traxirnum ",eel rate t;~Ar,..,n fr::m date c;f pau^xnt a!! trf which Mort~~or!xreby ay. .s to pay: permit tie waste rm Dui p€cmr~s;kesp ~~~
<br />,,. ._
<br />_._ with sti the agrerr.:-nts and eenditians of tile--Errn+i fees 3 ~~ s ~Q0 - QQttis day give-r by t!M ~i+t 2ef:.rtgagae to sah# ASStX:tATlt~s, 3~S ~.1mpl~i - __ --
<br />with at! the requirrnrcnts of the Cunstitutian and By-laws of said ASSOCIATION: then [hest presents shall be+wme nub and wid, otherwise they
<br />Mall remain in full force and rosy br furecA>sed at the option of the said ASSC~GlAT10N after failure far throe tttonths to make any of said
<br />paytnents ur be three months in ar tears to making s~aW rtratthty payments, or to keep artd c+rmpiy with the agreements and ronditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in sue![ foreclosure pruueedatgs-
<br />i!' there rs any change in ownership of the real estate tttortga~ged herein, by sale or otherwise, then the entire remaining irt~btedttem bercby
<br />secured shah, at the option of Tix Equitable Building and I,+ran Association of Grand Island,Nebreska,brcarne immediately due and payable without
<br />further notice, sad ti+e anwunt rerntinirrg due usulcr said bond, and any other bond for any additional advattpes trade themunder, Shah, from the
<br />date nl' exercise of said option, bear intrrext at the maximum kgnt rate, and this atortgage may then he foredused tp sa[ixfy the amount due eta said
<br />bond,and any atlxr bond Cur additional advanucs, together with all luau paid by said The Equitable Building and Loan Asmciation of Grand Idmd,
<br />Nrbraxka for insurance, taxes and assessments, and ahstractirgt rxtensi+m charges, with interest thereon, from data of payment at the maximum
<br />legal rate.
<br />Ax provided iu the Bunt shored hereby, while this ntrrrtgagc rernaists in eQect the m+artgagee [nay hereafter advance additiptul auras to the
<br />ntakars of saW B+,nd, their asxig+rs nr xuceess+us in iettrreat, which wens tha6 be within the svetuity pf this mortgage the Eaate as the funds uriginaUy
<br />aecurce; thereby, tits total amount ui principal debt nut to cxcent st any time the origins! arnpurtt of"this mortgage.
<br />1 this ,~~-~dayof ~(~'~'(sV1J(,~ A. D.,i9'~~
<br />~-
<br />t ~ W. Fir .
<br />Sharon E. Ferguson ~
<br />STi4TL3 Of+ NEBRASKA, ~ ss. On this ~r•}t ~E; day of ~~;~j~=~-~..' 19 ~~ , befpre me,
<br />COUNTY OF I IALI.
<br />the undersigned, a Notary Public in and for aril Cotuuy, personally twos
<br />Arthur W. Ferguson and Sharon E. Ferguson, each in his and her ownw~ight, and a use Lp
<br />of each other are
<br />nlC is be the idt+ntieal perx+vn $ whost name S dre afi`ixcd to the above irutrumcnt as mortgagor S and they setsnlly
<br />at~unrwfedged the said insirurexrrt to be their voluntary act artd dead,
<br />Wt7NiiS,S my hand artd Notarial S`,e//al the date aforesaid. /// %'
<br />6Iy Catittttissioa axpua~ ~LkC. ~'Jt t Y ~_- 4. „ - ~~
<br />.~,-~, ~~ - ~ ~` ~3G /~i~-~.~...-e:. __ /~l ~^Z f ~ ~ tic -.-
<br />UrFIC1FiL. SEA ~ ~ Notary Public
<br />rarsasr ar `~ .; ~ ~„ GfNE.'IEVE AAAINNUR,:T '(
<br />u '`:i,.. .; , _~J hL7TAR'r RUHl1C • Cl1t ~ 7~iJ1~1 I~
<br />I:~s ,;r~lcn as couriw
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<br />-` -- car^m. a::pi+es APR _0 h-~
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