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<br /> MORTGAGE
<br /> MpRTCAGC•,LOAN NO. LZZ,71I � i
<br /> r KNOWALLMENBYTHESEPRESENTS:That Melvin /�. �UC�7t, d single person
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<br /> `� � � � _ Mortgagor,whether one or more_in consideration of the sum of ; �
<br /> Thirty-four Thousand and No/100------------------
<br /> DOLLARS �
<br /> � loaned.to�said mortgzgor by The Equitablc Building and Loan Association of G�and Island,Nebraska,Mortgagee,upon 34� shazes of srock of j . �
<br /> said ASSOCIATION, Cer[if3cate No.L22,711 ,do hereby grant,convey ai�d mortgage unro the said ASSOCIATION the following 3
<br /> described rea] estate,situated in Hall County,Nebraska:
<br /> LOT TWO (2) , Itd BLOCK SEVEN (7) IN WINDOLPN'S
<br /> ADDITIOtJ TO THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA.
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<br /> together with all�the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens, {: �
<br /> windoEv shades,6linds,storra windows,awnings,heating,air conditioning,and plumbing and waterequipmen[and accessories thereto,pumps,stoves, �:. �� �
<br /> reGigera�ors,and other fixturesand equipment now or hercatter attached to or used in connection with said real estate. � .�
<br /> � And whereas the said mortgngor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessmen[s]evied or I� � �
<br /> assessed upon said premises and upon Ihis mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved j �. � � . � . � �
<br /> � � . insurance upon the buildings on said premises situated in the sum oF 5 34 000.OQ payable to said ASSOCIATION and to deliver to said ;-� � � � �
<br /> � ASSOCIAT(ON the policies for said insurance;and not to commit or permii any waste on or about said premises; i � : � �.
<br /> r, � In case of default in the pedormance nC any of the terms and conditions of this mortgage or the bond secured hereby,the rnortgagee shail, �
<br /> on demand,be entiUed to immediate possession oC[he mortgaged premiscs azid the mortgagor hereby azsigns, transfers and sets over to the �
<br /> mortgagee all the rents,reven ues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shatl remain � �� �
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents ii rnay desire for the purpose o(repairing said premises and renting � � � �
<br /> a the same and collecting the renls,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary � � :
<br /> commissions and expenses incurred in renting and managing the same and of collecting rentals theretrom; the balance remaining,�if any,to be ��� � � ��
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the exis[ence of such
<br /> defau)t;irrespective of any temporary weiver o(the same. � � � �
<br /> , These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by . �
<br /> ; �� payment;pny monthly to said ASSOCIATION vf the sum specified in the Bond secured hereby as inierest and principal on said loan,on or before ; � �
<br /> ¢` .� the Twentieth day of each and every month,untii said loan is fully paid;pay all taxes and assessments levied against safd premises and on this Mortgage � �. �
<br /> 4' . and ihe Bond secured thereby,before delinquency;fumish approved insurance upon the buildings thereon in the sum of S 34,��Q.�� payable � �
<br /> to said ASSOC1ATlON;repay to said ASSOGATION upon demand all money fiy it paid Cor such taxes, assessments and insurance with in[erest at �
<br /> the maximum legal rate thereon from date of payment al1 u(which Mortgagor hereby agrees to pay;pemiit no waste on said premites;keep and comply . � � �
<br /> with all the agreements and conditions o([he Bond tor 5 34,���.�� this day given by the said htortgagur to said ASSOCIA7'ION,and comply � .�
<br /> with all the reyuirements of the Constitution and By-Laws of said ASSOCIpTI ON;then these presents shall become null and void, otherwise they � . .
<br /> shall remain in tull foree and may be foreclosed at the option oC the said ASSOClA7'ION aftac failure for three months to mal<e a�y of said �� �
<br /> paymenu oz be three montl�s in arrears in making said monthly peyments,or to keep and comply with the agreements and conditions vf said Rond; j �. �
<br /> . and Mortgagor agrees to have a�eceiver appointed forthwith in such foreclosure proceedings. t � � � �
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<br /> If there is any change in ownership of the real estace mortgaged herein, by saJe or otherwise,then ihe entire remeining indebxedness hereby . .
<br /> � secured shall,at the option of The Equitable I3uilding and Loan pssociation of C'sr:�nd Island,Nebraska,become immediately due and payable without � � �
<br /> Further notice,.and the xmoun�remaining duc under said bond,and any olh��bond for eny additional advances made thereunder,shall,from the
<br /> � date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amovnt due on said �
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand lsland,
<br /> Nebraska (or insu7ance,taxes and assessments,and abstracting extension charges,with interest thereon, from date of paymen[ at the maximum �
<br /> �. Iegalrate.
<br /> � As provided in the Bond secured hereby,while this mortgzge remains in etfect the mortgagee,��ha�oa;.c;aL.�nce �dditional surns to the
<br /> makers of said Bond,their assigns or successors in interesi,which sums shall be within the security ot this mortgage the same as th���mds originally
<br /> � secured thereby,the total ama�unt of principal debt not to exceed xt any time ihe original amount olthis mortgage. �
<br /> tra,n;s 2I�t� aayor June ,�_n.,i9 77
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<br /> STATEOPNEBfL1SKA, ss. Onthis 27t}1 �a�oj June i �,,i.
<br /> COL'NTY OF IiALL�
<br /> 19�7 ,before me, � ��-�•�
<br /> the Lndersigned,a Notary Yublic in and for said County,personally came i � `
<br /> t:� � Lucht , a single person Wn� � �
<br /> : � \ N- • f{C� l 5 personally known to , ,,, . . "'�
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<br /> m�toli@theqdyqt3�l��son whosc name j c� affixed�u the above instrument as moztgagor and he X����� . �'� �
<br />� adcmiwledged thQ 4aid in�irumem to be h j S vohmtary act and deed. �' �
<br /> �-y ' �1 WfJTl£j�my hand and hotarial Seal the date aforesaid. '
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