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<br /> 77- Q03722 .
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 22���$ MGI C
<br /> � KNOWALLMBNBYTHESGPRESENTS:That T'eryy P. Turner and Ronda R. Turner, each lil h15 and her
<br /> own right and as spouse of each other, .
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> � ' Thirty-Five Thousand and No/100----------------------------------------------- DpLtnRs
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 350 �azes of stock of
<br /> said ASSOCIATION,Certificate No.L 22��Q$ MGI�,do hereby grant, convey and mortgage unto the said ASSOCIpTION the`following
<br /> described real estate,situated in Hall County,Nebraska:
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<br /> LOT TWO HUNDRED FORTY (240) AND 7NE SOUTH THIRTEEN AND ONE THIRD FEET
<br /> , s (13-1/3) OF LOT TWO HUNDRED THIRTY-NINE (239) IN BELMONT, AN ADDITION
<br /> � ; TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> " # . . together with all the tenements,hereditaments and appur[enances thereunto belonging,including attached Floor coverings,aA window screens, .
<br /> � � window sliades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and wxter equipment and accessories thereto,pumps.,stoves, ..
<br /> . E�. �.�re&igerators,and other fixtures and equipment now or�hereafter attached tu or used in connectivn with said rexl estate. ,
<br /> � � �And wlierexs the said mor[gagor has agreed and does hereby agree tltat the mortgagor shall and will pay all taxes and assessments levird or
<br /> . �.assessed upon said premises and upon tMs moctgage and the bond sec qrgd jt�e ebx]�efore the same shall bzcome delinquent;to furnish approved
<br /> '� insurance upon th�e buildings on said premises situxted in the sum of$ db�UO�.UU� payable to said ASSOCIATION and [o deliver to.said�
<br /> . .. .ASSOCIATION the policies for sai3 insurance;and not to commit or permit any waste on or about said premises: �� �
<br /> } � � In case of default in the performance of any of the terms and conditions of Ihis mortgage or the bond secured hereby,the mortgagee shall,
<br /> � �on demand,be entitled to immediate possession uf the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived frum the mortgaged premises during such time as[he mortgage indeb[edness shall remain
<br /> �� ���. . �unpaid;and.the mortgagee shall have the power to appoin[any age�t or agents it may desire for the purpose o(repairing said premises and renting �
<br /> - �the same and collecting Uze rents,revenues and income,and it may pay out of said income all expenses oP repairing said premises and necessary
<br /> commissions and expenses incurred in renting and managing the same and of collec[ing rentals Uierefrom; the balance remaining, if eny,to be
<br /> �.�applied toward the discharge of sxid mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such � .
<br /> . default,irrespective of any temporxry waiver of the same. . - .
<br /> �. . � These Presents,however,are upon the Condition,That if the said Murtgagor shall repay said loan on or before the maturiry of said shares by �
<br /> � � � . .�payment;�pay monthly to said ASSOCiATION of the sum specified in the Bond sewred hereby as interes[and principal on said loan,qn or before .
<br /> � . :the Twentieth day of each and every monih,until said loan is fully paid;pay all taxes and assessmen[s levied against said premises and on tlus Mortgage �
<br /> . ��and the 6ond secured thereby,before delinquency;fumish approved insurance upon the buildings thereon in the sum of}.'�5�DOQ.�� payable
<br /> � �to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessmenYs and insurance with interest at .
<br /> ;� . �the maximum legal rate thereon from date of pxyment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and compty
<br /> with all the agreements and conditions of the Bond for$35 OQp (�� this day given by the said�4ortgagor co said ASSOCIATION,and comply
<br /> witti•att the requirements of the Constitution and By-Laws o�saidASSOCIATION;then these presents shall become null and void,oiherwise they
<br /> �:� . � shall.remain in full force and may be foreclosed at the option of the said ASSOCIAT[ON after fxilure for three montlis to make any of said
<br /> e x . �. �payments or be thre�e months in arrears in making said monthlypayments,or to keep und comply with the agreements and conditions of said Bond; � �
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<br /> and Mortgsgor agrees lo have u receiver appointed forthwith in such foreclosure proceedings. .
<br /> ` ,g . � �. If tl�ere is any change in ownership of the rea(estate mortgaged herein,by sale or othenvise,then Lhe entire remaining indebtedness hereby .
<br /> .�� secured sheU,at the option of The Equitable Building and Loan Assceiation of Grand[sland,Nebraska,become unmediately due and payable without ,
<br /> further notice,and the amount remaining due under sai4 bond,and any other bond for any addi�ional advances made thereunder,shall,ftom the
<br /> ;, � � date of axercise of said option,bear interes[a[tlie maximwn legal ra[e,and this mortgege may then be foreclosed to sa[isfy the amount due on said � �
<br /> . . bond,and any other bond for additional advances,together with all surrvti paid by uid The Equitable Building and Loan Association of Grand Island, : �
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the ma�cimum
<br /> legal rate.
<br /> . . � � As provided in the Bond secured hereby,while this mortgage remains in effect the mort�agee may hereafter advance addi[ionaT sums to the � � �
<br /> makers of said Bond,their assigns or successors in interest,which sums shall be within the security of[his mortgage the same as the funds originally
<br /> � � .�� � secured Ihereby,the[o[al amount of prin�f�ral debt not to exceed at any time the original amount of this mortgage. i�� � �
<br /> DBie�t� 5 27th �ay of June A.D.,iy 77 �
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<br /> ' � �� —�.C�-�"''`x�� �''�C--d�d c�. ���-s�`-� t � � �
<br /> , ' • Ronda R. Turner �
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<br /> � STATE OF NEBRASKA,�� On tlus 27th ady oc June iv �� ,before me,
<br /> ' ceurrzY o�xnu. � ,.
<br /> i the undersigned,a Notary Public in and for said County,personally came -•: '�''�
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<br /> Terry P•, Turner and Ronda R. Tu ����ach in his and her own Wno are �z�on�iy�oWnco �- � ,n
<br /> °� ri$ht�and a� sp�ouse of each e1c. GA"'�` ' �`y
<br /> �� me to e e 3dentica per n S , whosa� ��, �, ., �`� to the above instrument as mortgagor S � and they severally j � "'N �F
<br /> acknowledged the said instrument to be t �,•'4.Nvo�ui�tSrj�•a�F deed. �
<br /> WITNESS my hand and �a i�1 Seslr�j�grrttia+q afoiysaid �
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<br /> � � My Gommission expirea �"��r����L= � �!� z. i�' —�� .G"� � - ' ..
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