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<br /> MORTGAGE
<br /> MORTGAGE LOAN N0. L 22 a 74'2
<br /> r KNOWALLMENBYTHESEPRESGNTS:That G20T'J2 D. TUb65 dtld O�1R/2 L. Tubbs, each in fl7S dnd
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<br /> her own right and as spouse of each other
<br /> Mortgagor,whether one ot more;in consideration of the sum of
<br /> � :Twenty-Two Thousand Four Nundred and No/100-----------------_______________________��A�
<br /> r loaned to said morkgagor by The EquiYable Building and Loan Association of Crand Island,Ne6raska,Mortgagee,upon 2Z4 shares of stock of
<br /> satd pSSOCIAT[ON,Certificate No.L' 92_7a2 ,do fiereby grant, convey and mortgage unto the said ASSOCIATIpN the following
<br /> descritied real estate,situated in Hall Counfy,3VeGraska:
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<br /> EASTERLY SIXTY FEET OF LOT EIGHT (8) IN
<br /> BLOCK TWELVE (12) IN ARNOLD AND ABBOTT'S
<br /> ? ADDITION CITY OF GRAND 3SLAND, HALL COUNTY,
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<br /> NEBRASKA.
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<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging, including ariached floor coverings,all window screens,
<br /> . window shades,�blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> �refrigerators,and other fixtures and equipment now or hereafter attached to or used'ui connection with said real estate.� �
<br /> � .� � �And whereas the said mortgagor has agreed and does hereby agrea tha[ the mortgagor sliall and wi11 pay all taxes and assestments levied ot
<br /> . . assessed.upon said premises and upon this mortgage and the bond secy�red thereby before [he same shall become delinquent;to furnish approved
<br /> �insurance upon die buildings on said premises situated in the sum of$L2,4�0.U� payable to said ASSOCIATION and to deliver tc said
<br /> . �� ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> i�..��` � � In case of default in the�performance of any of the terms xnd condi[ions of this mortgage or d�e bo�d secured hereby,the mortgagee shall,
<br /> � .�on demand,be entitied[o immediate possession of[he mortgaged premises and the murtgagor hereby assigns, transfers.and sets over to the
<br /> ;j� � � mortgagee�all.the renis,revenues and income to be derived from Ihe mortgaged premisas during such time as the mortgage indebtedness shall remain
<br /> unpaid;and the mortgagee shall heve the power to appoint any agent or agen�s it may desire for the purpose of repairing said premises and renting
<br /> . � ihe same and collecling the rents,revenues and income,and it may pay out o}'said income all expenses of repairing said premises and necessary
<br /> commissions and expenses incurred in renting and managing the same and of coilecting rentals thereFrom; the balance remaining, if any, to be
<br /> . . applied.toward the discharge of said mortgage indebtedness;thesa rights of the mortgagee may be exercised at any time during the exisLence�of such
<br /> � � default,irrespeclive of any temporary 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 maturity of said shares by
<br /> � . payment; pay monthly to said pSSOC1AT10N of the sum specified in the Band secured hereby xs interest and principal on said loan,on or before �
<br /> � � : the Twentieth day oC each and every mon[h,un[il said loan is fully paid;pay all[axes and assessments levied against said premises and on this Mortgage �
<br /> and the Bond secured thereby,before delinquency;fumish approved insurance upon the buildings thereon in the sum of S 22�4OO.OO payable
<br /> � �� � to said ASSOCIATION;repay ro�said ASSOCIATION upon demand a(2 money by it paid for such iaxes,assessments and insurance with in[erest at
<br /> . the maximum]egal rute thereon from date of payment all of which Mortgagor hereby agrees to pay;permit uo waste on said premises;keep and comply � �
<br /> ' � with al!the agreements and conditions of the Bond for$ 22��{QQ.QQ diis day given by the said Murtgagor to sa.id ASSOCIATION, and comply �
<br /> r wi[h all the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents sttall become null and void,othenvise they
<br /> . shall�remain in full.force and may be foreclosed at the option of the said ASSOCIATION af[er failure for three months to make any of.said
<br /> �. payments or be three months in arrears in making said monthiy payments,or to keep and comply with the agreements and conditions of said Bond;
<br /> . � � and Morlgagor agrees to have a receiver appointed fortgwith in such fureciosure proceedings. � � � . �
<br /> fi � � ��� .�If[here is any change in ownetship of the real estate mortgaged herein,by sale or otherwise, then the entire remaining indebtedness lierehy �
<br /> �� secured shall,at the option of The Equitable Building and Loan Association uf Grand Island,Nebraska,become immediately due and paya6le without � . �
<br /> . . ��further noYice,and the amount remaining due under said bond,and any other bond lur any addiiional advances made thereunder,shall,Crom the �
<br /> . � dace of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreciosed to satisfy the amount due on said� ` � �
<br /> ' bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Luan Association of Grand Lsland, ' �
<br /> i�. � ��IVebraska for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment aY the maximum
<br /> legaP rare.
<br /> . .� � As provided in the Bond secured liere6y,.while this mortgage remains in effect the morYgagee may herea![er 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 mortgage the same as the fun.ds originally �
<br /> � ���secured lhereby,the:total amount of principal debt not to exceed at any time the original amoun[of this mortgage. � � . .
<br /> .�S�ed�n� 13t aay or Jul y A.D.,�9 ��
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<br /> eorg . Tu s
<br /> �"JV � �C, � L�t-Q�
<br /> Olive L; Tubbs
<br /> = STATE OF NEBRASKA, ss. On this 13th day of �7U�y 14 77 ,betore me, �
<br /> ; COUiVTY OF FIALL� ,�s.�
<br /> � ihe undersigned,a Notary Public in and for said County,pers�onally came � ;., � yw;ro
<br /> a' �eorge D. Tubbs and Olive L. Tubbs, each in his and her own right and as spouse of each �; '
<br /> who are personally known to �'�
<br /> � other ,�
<br /> i � me to be the identicai personS whose nameS dY'Q affixed to the above instr mortgagocS and they severally ;�"
<br /> acknowledged the said instrument to be the7�' voluntary act and deed:
<br /> ` 4' � y-l�aad and Notarial Seal the date�aforesaid.� � � �
<br />� t q .��ef4E+eN�NCIHnY 'tia�eor Nb�r._� . .. . . � � L����� /
<br /> '.� :yM�� .blvCornm�ssion�xpires� . . .. . � �,�, .
<br /> � MYComni txp.�Nov.1Z.1J .F��1--v`'""-`f. . .
<br /> �—....y. � otary Public
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