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<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 22,�3J
<br /> � KNOWALLMENBYTHESEPRESENTS:That LdV2T'lle G. Tf1Y'OOP and Dorothy F. Throop, each iCl h7S
<br /> and her own right and as spouse of each other
<br /> . Mortgagor,whether one or more,in considecation oF the sum of:
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<br /> Forty-Five Thousand and No/100---------------------------------------------------- DOLLAxs "
<br /> ; - loaned to said mottgagor by The Equitable Building and Loan Association of Crand Is]and,Nebraska,Mortgagee,upon 45� shares of stock of
<br /> said ASSOCIATION; Certificate No.L 22��3� ,do hereby grant, convey and mortgage unto the sai3 ASSOCIATION the following
<br /> desoribed�eal estate, situated in Ha11 County,Nebraska:
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<br /> ; LOT T4lELVE (12), IN IMPERIAL VILLAGE THIRD
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<br /> ; SUBDIVISION, TO THE CITY OF GRAND ISIAND,
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<br /> � HAIL COUNTY, NEBRASKA.
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<br /> i �together with all�the tenements,hereditaments and appurtenances thereunto belonging,including aztached ❑oor coverings, all window screens,
<br /> ,�.�..4�� window shades,blinds,storm windows,awnings,heating,air condi[ioning,and plumbing and water equipmen[and accessories thereto,pumps,stoves,��
<br /> . refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate_. � � �
<br /> � �� �And whereas fhe said mortgagor has agreed and does liereby agree that the mortgagor shall and will pay all taxes and assessments]evicd or
<br /> ; assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to Curnish approved
<br /> 9 insuranee upon the buildings on said pre�nises situated in the sum of$45����.U� payable to said ASSOCIATION and to deliver to s2id
<br /> �;. ASSOt�'�ATION[he policies for said insurance;and no[[o commit or permit any waste on or about said premises, . .
<br /> � In case of��de(ault.in the performance of any of the terms and condi[ions of this mortgage or the bond secuced hereby,the mortgagce shall, �
<br /> �on demand,be entided to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to�the
<br /> � �r:.�� .:mortgagee aU the rents,xevenues and income to be derived from the mortgaged premises during such[ime as the mortgage indebtedness shall remain
<br /> . � unpaid;and the mor[gagee shall have the power to appoint any agent or xgents it may desire for the purpose of repairing said�premises and renting .
<br /> the same and collerting the rents,revenues and income,and it may pay out of said income atl expenses of repairing said premises and necessary
<br /> commissions and expenses incurred in renting and managing die same and of wllecting ren[als therefrom; the balance remaining,if any,to 6e
<br /> � �applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercise3 at any time during the existence of sucli
<br /> � default,irrespective of any temporary waiver of the same. .
<br /> � .. . These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the matucity of said shares by� �
<br /> . . payment;pay mon[hly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and ptincipal on said loan,on or before .
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage
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<br /> � j � ��and the Bond secured thereby,before delinquency;fumish approved insurance upun[he buildings thereon in the sum of$45�QQQ.Qp� payable � �
<br /> � to said ASSpC1AT10N;tepuy xu said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance wi[h interest at .
<br /> � � the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
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<br /> - �� with all the agreements and wndiiions of the Bond for$ Q.�j�QQQ QQ this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> � with all the requiren�ents of the ConstitutSon and By-Laws of said ASSOCIATION;then these ptesents shaA become null and void,otherwise they
<br /> � shall remain�in full(orce�und may be foreclosed at the option of Uie said ASSOCIATION after failure for [hree months to make any of said �.
<br /> � �payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and wnditions oF said Bond; .
<br /> . and Murtgagor agcees to have a.receiver appointed forthwith in such foreclosure proceedings. . �
<br /> � If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby �
<br /> ' secured shall,at the option of The Equitable Building and Loan Association of Grand lsland,Nebraska,become immediately due and payable without
<br /> f '' further notice,and the amount remaining due under said bond,and any other bond foc any additional advances made thereunder,shall,from the
<br /> � date of exercise of said option,bear interest ai the maxunum legal rate,and this mortgage may then�be foreclosed to satisfy the amount due on said �. � .
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Gquitabte Buffding and Loan pssocisiion of Grand Island,
<br /> � Nebraska for insurance,taaes and assessments,and.abstracting extension charges, with interest thereon, from date of payment at the maximum .� � � �
<br /> legalrate. . . � � �. � � �
<br /> . � � As provided in the Bond secured hereby,while this mortgage remains in eFfect the mortgagee may hereafter advance additional sums to the � �
<br /> makers of said Bond,their assigns o�successors in in[erest,which sums shal(be within the security of this mortgage the same as the funds originally � � �
<br /> �� secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage. �� � � ' � �
<br /> dthis 8th da JUIy .a..D.,197]
<br /> averne G. roop" ` �, / �
<br /> yf .^�`.,_:. :ti� J E,..1!e_.--''
<br /> Dorothy F. Throop � ,,;<°'
<br /> STATE OF NEBRASKA,� °
<br /> ss. On this 8th day of JU�y 19 �� ,before me,
<br /> ' COUNTY OF HALL ,,�� . ,k�
<br /> ..� � � �� � � � � � the undersigned,a Notary Public in and for said County:,personally came .' �
<br /> LavErne G. Throop and Dorothy F, Throop, each in his and her own ri ht and as s o o� . `� •� '`
<br /> each Ot�12t' w�o per�ona�ly f no n to I �i +'
<br /> � me to be the identica!per Q-����..,��� d►^e affixed to theabove i�tstrument as mortgagor 5 and 'the�r severally `=
<br /> acxnowledged the said' qn�j�3`l�e R,srq[7�@��tp voluntary act and deed. �
<br /> wt �ty�a��oCattia!'Se the date aforesaid. /1 , �
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