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<br /> i MORTGACE
<br /> �10RTCACELOANNO. � 92,,�,R(l MGIC
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<br /> � KNOW ALLMEN BY THESL'PRGSENTS:That (�j��1 dI11.F. Mucfiow and Sharon S. MUC`IOW� eacn 1 t1 h75 dfld
<br /> her own'right and as spouse of each other
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<br /> Mortgagor,whether one or more,in convderatiun of the sum of
<br /> : Seventeen Thousand One Hundred and No/100------------------------------------------ ooitnas
<br /> :? loaned to said modgagor by The Equitable Building and Loan Association oF Crund[sland,Nebrnske,Mortgagee,upon'��� sftnres of stock of
<br /> `; snid ASSOCIATION,Certificate No.L z2�580 MG�(�lol�e�eby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> , � ' descri6ed real estate,situated-in Hall County,Nebraska:
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<br /> � LOT TWENTY (20j; AND THE WEST QNE-HA!F QF L4T
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<br /> i TWENTY-ONE (21), IN WEST HEIGHTS ADDITION, AN
<br /> : ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> R � ' NEBRASKA.
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<br /> �j �� together.with all the tenements,hereditaments and appurtenances thereunto belonging,including.attached tloor coverings,all window screens,� � _.
<br /> jwindow shades,blinds,srorm N�indows,awnings,lieating,air conditioning,and ylumbing and water equipmen[and accessuries tliereto,pumps,stoves,
<br /> 3 refcigerators,snd other fixturos and equipment now ar hereafter a[tacl�ed m or used in connection with said rea(estate.
<br /> `� � And whereas the said mortgagoc has agceed and does hereby agree tf�at the mortgagor shall and will pay all taxes and assessments levied ar
<br /> �.� asxssed upon said premises and upon this mortgage and tlie bond secured thcreby before du same shail become delinquent;[o turnish approvrd
<br /> ;;� insurance upon the buildings on said promises situated in the sum of S ����D0.0� payabk to said ASSOCIAT10N and lo deliver to said
<br /> ASSOCIATION 1he pulicies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> � In case of default in the perCormana oFany of the terms and conditions o(this mortgage or the bond secured hereby,the mortgagee shall, _.
<br /> `` } on demand,be entitled to immediate posseuion of the mortgaged premises und the mortgagor here6y assigns, transCers and:ets over to the
<br /> r ; mortgagee alt the rents,revenues and income ro be derived Irom the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> _.1 unpaid;and the mortgagee shall have the power ro appoint any agen[or agents it may desire for the purpose oC repairing said premaes and renting
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income ali expenses ot repaicing said premises and necessary
<br /> : i commiuions and expenses incurred in renting and managing the same and of collec[ing rentats therefrom;the balantt remaining,if any,to be
<br /> applied towrrd the discharge of s:tid mortgage indebtedness;these rights of the mort�gce may be exercised at any time during the existence ot such
<br /> � default,irrespective ot any tcmpocary waiver of the same.
<br /> a j Theu Presents,however,are upon the Condition,'Ihat i(tlie said�fortgagor shall repay sxid loan on or before the maturity of said shares by
<br /> payment;pay monthly to said ASSOGATION o(the sum specified in the Bond secured hereby as interes[and principal on said lnan,on oc before
<br /> ,i the Twentieth day of each and every month,until said loan is Cully paid;pay all taxes and asscssments levied against said premises and on this l�fortgage
<br /> aud the Bond secumd thereby,beCore delinquency;furnish approved insurance upon the buildings.hereon in the sum of 5 �7,�OQ.Qp payable
<br /> { to said ASSOCIA'fION:�epay ro s;�id ASSOCIA770N upon demand all money by it paid for such taxes,assessmmts and insuranca witF�intecest at
<br /> ,;�.�.{ the mauimum Iegal rate thereon from date ot payment all uf which M1lortgagur hereby agrees ro pay;permit no wasta on said premises;keep and comply . � � �.
<br /> wi�h ail the ag�eements and conditions oF the Bond for 5�� �Q(� (�(� this day given by the said Afoctgagor to said ASSOCIAT►ON,and comply
<br /> ,:� with all tlie requirements of the Constitution and I�y-Laws ol said"�SS�C[ATION;then these pmsenu shall becume null and void,otherwiu they
<br /> `' F shall rcmain in full force and may be foreclosed at the option o(the said ASSOC(AT;ON x(ter failurc for thcee months to make any of said
<br /> " 3 payments or be three months in areears in making mid monthly payments,o�tu keep and cumply w�ith the agreements and conditions oC s�id Uond;
<br /> ',.,.�� and htortgagor agrees to have a teceiver appointed(orthwith in such fureclosure proceedings. � � � . �
<br /> ;; } If thcre is any change in ownership oC the rcal estate mortgaged herein,by salc ur otherwise,then the entiro remaining indebttdneu hereby
<br /> secured shall,at the option of The Equita6le Duilding and Loan Association otCrand Island,I�cb�aska,beconu immediately due and payable without
<br /> "j further notice,and the amount remaining due under saiJ bund,and any other bond for any aJditional advances made thereunder,sha!!,Crom the
<br /> ,".'r datc of exarcise of said option,bear interat at the maximum legat rate,and this mortgage may then be Co�cetoud to utisCy the amount due on said
<br /> 6onJ,and any other bond for additional advances,toge[her with all sums paid by said The Equitable Building and Loan Association of Crand Island,
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension chuges,with interest thereon, from date of payment at the maximum
<br /> � legal rate.
<br /> _-'� As provided in lhe Bond ucured hereby,while this mortgage remains in effect the mortgagee rcuy heceafter advance additional sums[o the
<br /> make�:of said Bond,their assigns ar sucussocs in interest,which sums shall be within the security of this mortg�ge the same as the funds originatly
<br /> secured lhere6y,the[otal amount of principal de6t not to exceed at any time q�e original amount oC this martgage. -
<br /> "; � o�«a�h� 14th day of March ,�.o..�9 77
<br /> s _-G�� j��[�IyGrvr/-- �Y-`��17,1`�l 4d^ i/-a/lC.�lj/'L(/'�
<br /> � William F. MucMow �Sharon S. Muchow
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<br /> STATE OF NEBRASKA,�ss. On this 14th day of Mareh 19 �� ,bdore me,
<br /> COUNTY OF HALL �»� �
<br /> the undersigned,a Notary Public in and tor said County,personally came N ` i '
<br /> �Ailliam F. Muchow and Sharon S. Mucho�v, each in his and her own right W�d asa��oup e�ofy��o�,��Sther, � � ,,
<br /> � `T��w��
<br /> me to be the idrntical petwn 5 whose naryr,��'.S�(�dP��;,t�p�ted to the above instrutnent as mortgagor S and th2y severelly �At
<br /> • �r t:� ...., .���,�, � t�
<br /> acknowledged Uie said instrument to be t�1�,(� :'�vbldntaryqctdna�deed.
<br /> ? WITNFSS my hand and No ti3Y$e�ithe date aCaiesaidl�A �j . �
<br /> Aty Commission expires � � n� � � d_���y ���Q���� ,
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<br /> ���� . � �;jl Notary Public
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