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<br /> MORTGAGE
<br /> MORTGAG�LOANNO.�796 MGIC
<br /> r TQJOWALLMENBYTHESEPRESENTS:That Ernest C. Butler and aEbOPdh A. BUt�eY'
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<br /> Mortgagor,whetlter one or more,in consideration of the sum of
<br /> � Twenty-0ne Thoosand Nine Hundred Fifty and No/100--------------------------------- �tLA�s
<br /> ' loaned!o said mortgagor by The Equitable Building xnd Loan Associxtion of Grand lsland,Nebraska,Murt
<br /> gagee,upon Z I9 shares of stock of
<br /> r , said ASSOCIATiON, Certificate IYo:L 22,�2( MGI Cr do hereby grant, convey and mortgage unto the said ASSOCIATIOri1 the following
<br /> described real estate, situated in Ha11 County,Nebraska:
<br /> LOT ONE (.1), IN BLOCK NINE (9), IN �1EVES FIRST
<br /> ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<br /> � together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings,all window screens,
<br /> window shades,blinds,storm windows,awnings,}iea[ing,air conditioning,and plumbing and waterequipmen[and accessories thereto,pumps,stoves, .
<br /> . refrigerators,and other fixtures and equipment now or hereaf[er xttached ro or used in connection with said real estate.
<br /> And whereas the said mortgagor has agreed and does hereby agree ihat the moRgagor shall and will pay.all taxes and assessments Ievied or
<br /> . assessed upon said premiszs and upon this mortgaga and the bond secured thereby before the same shall become delinquent;io furnish approved
<br /> insurence upon the buildings on said prcrnises situated in the sum of$ ZZ,950.00 payable to said ASSOCIATION and to deliver to said �
<br /> ASSOCIATION the policies Cor said insurance;and not to coinmit or permit any waste on or about said prernises; �
<br /> In case of default in the performance of any of Ihe terms and conditions of tl�is morYgage or the bond secured hereby,the mortgagee shall,
<br /> on demand,be entided to immediate possession uf the mortgaged premises and [he mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the murtgage indebtedness shall remain
<br /> unpaid;and thc�nurtgagee shail have the power�o.�ppoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br /> . the same and collecting the rents,revenues xnd income,and it may pay out of said income al! expenses oi repairing said premises and necessary
<br /> commissions and expen.ses incutred in renting xnd managing ihe same and of collecting rentuls theretrom; the balance remaining, if any,to be
<br /> applied toward the dischnrge of said mortgage indebtedness;these rights oP the�nortgagee may be exercised at any time during tlte existence of such.
<br /> default,irrespective of any temporary waiver of the same. �
<br /> . These Presents,however,are upon the Condition,'Chat if the said�1ortgagor shall repay said loan on or before the maturity of said shares by
<br /> : paymenr,pay man�hly 2o said ASSOCIATION oC the sum specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> the Tweneieth day of each and avery month,until s�id loan is Fully paid;pay all taxes and assessments levied against uid premises and on this Martgage
<br /> � and the$ond secured thereby,before delinquency;furnish approved irtsuraace upon the buildings chereon in the swn of�21,950.�0 payable
<br /> .. to said ASSOCIATION: repay to said ASSOC:IATION upon demand all money by it paid Foz such tuxes,assessmenis and insurance with intarest at
<br /> the maximum Iega]rnte thereon from date uf p�yment all oC which Mortgagor hereby agrees to pay;permit no waste un said premises;keep and comply
<br /> � �� with all Uie xgreemenis and conditiuns of the Bond for S ZL,950.00 this day given by the said Murtgagor to said ASSOCIATION,and comply ��
<br /> with all the requirements of the Constitution and F3y-Laws of sai�ASSOCIATION; then these presen[s shal! become null and void,otherwise they
<br /> . shall remain in tull furce and may be foreclosed et Uie option uf the said qSSOC1A770N after Failure for three months to make any of said � ���
<br /> payments or be three munths in arrears in ma.king said monUily pxyments,or to keep and comply with t}�e agreements and conditions of said dond; �
<br /> and Mortgagor agrees lo have a receiver appointed Cvrthwith in sueh foreclusuce proceedings. � � �
<br /> '� If there is any change in ownership of the real estate mortgaged herein,by sale or o[herwise,[hen the entire remaining indebtedness hereby -
<br /> secured shall,at the option o(The Equitable Building and Loan Association of Grand lsiand,Nebraska,become immediately due and pa�'able without .�. � �.
<br /> further notice,snd the amou�t remaining due under said bond, and any other bond for any addi[ional advances made diereunder,shalI,frum the � � � � �
<br /> . date oI exercise uf said option,bear interest at Ihe maximum legal rate,and this mc�.rtgage may tlien 6e toreclosed to satisfy tl�e amount due on said � . �- � �
<br /> bond,and any uther bond for additional advances,together with all sums paid by said The 6quitable Building and Loan Association of Grand Island,' " . � .
<br /> Nebraska for insurance,taxes and assessments,and abstracting extensian charges, w�id� interest thereon, from date of paymenf at the maximum � � � �
<br /> Ie�al rate. . . . . . . .
<br /> -. As piovided in the Bund secured hereby,while this mor[gage remains in effect the martgagee may hereafter advance additional sums to the . � �
<br /> �� makers oF said Bond,their assigns or successors in interest,which sums shall be within the security of this morigage the same as tl�e funds originally � � � � � ' ��
<br /> , secured thereby,the total amount of principal debt no[to exceed at eny time the original amount of this mortgage. � � � � �
<br /> Dated this 5t{1 3uy of July A.D.,19 7]
<br /> �'l..->r��a_S ���L���
<br /> Ernest . But er �;ti � � r�• 4�
<br /> ` •,'�:�.��;��,V l i i. 1�`��l tc�
<br /> Deborah A. Butler �
<br /> STATFOFNEBRASKA, ss. pnthis 5th dayof �U�y �9�� ,beforeme,
<br /> COUNTY OF HALL� .,,,ay,.� , ��
<br /> the undersigned,a Notary Public Li u�d for said Couniy,pezsonallycume ' �` �,
<br /> Ernest C. Butler and Deborah A. Butler, each in his and her own right and as spouse of each
<br /> other . `"nO are personaliy known to �
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<br /> me xo be the identical person5 whose na �C�'Y�d�,�„�"'���to the ahove instrument as mortgagor S and t hE,Y severally . �^,'
<br /> acknowledged the said insteument to be t 1� 'y,bDl�ln'I'ary"acf�,nt,��deed. � �
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<br />,'��� WITNBSS my hand and N mvelJeal t,(�e,ldat��atbresa5ti.�j� /��
<br />"+^' My Commission expires ' ���y -+i. �` 1,! '"_. �` �i y� .
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<br /> � Notary Public
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