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<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 22746 MGIC
<br /> KNOWALLh1ENBYTHESEPRL•SENTS:That LdPC,Y G. G1'8ff dlld WE'Ildy S. GPdf'F, each 'lll F115 and her
<br /> � own right and as spouse of each other
<br /> ; __ Mortgago-,whetl�er one or more,in consideration of the sum of " ' ' ,
<br /> , Twelve Thousand One Hundred and No/1D0---------- -----------------�LLaxs "
<br /> loaned tti said mortgxgor by The Hquitable Building and Loan Association of Grand lsland,Nebrxska,Mortgagee,upon I21 shazes of stock of
<br /> said ASSOCIAT[ON, CertiGcate No.L 9 a� MGI C,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate, situated in Ilall Co�f'n�jl ITebraska:
<br /> � '
<br /> , LOT SIX (6), BLOCK ELEVEN (11), OF COLIEGE ADDITION
<br /> �,
<br /> " TO WEST LAWN, IN THE CITY OF GRAND I�LAND, HALL
<br /> COUNTY, NEBRASKA.
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<br /> together with atl Ihe tenements,hereditaments :isd appurtenances thereunto belonging, including attached f3oor coverings,all window screens,
<br /> � windpw shades,blinds,storm windows,awnings,healing,air condi[ioning,and plumbing and waler equipment and accessories thereto,pumps,stoves,
<br /> refrigerators,and other fixwres and equipment now or hereafier a[tached to or used in connection with said real estate. � �
<br /> ` :And whereas the said mortgagor has agreed and dues nereby agree that the mortgagor shal! and will pay al] taxes and assessments levied ot�
<br /> v assessed upon said premises and upon this mortgage and the bond secured thereby brfore the same shall become delinquent;to furnish approved
<br /> � ` , insurance upon the buildings on said premixs situaied in the sum of 5 j Q�j QQ.Q� payable to said ASSOCIATION and to delivez[o said �
<br /> 3: � � �� pSSOCI�TION the policies for said insurance;and not to commit or permit any waste on or about said premises; . � � �
<br /> ° In case of default in the pexformance of any of the terms and conditions of this mortgage or the br�nd secured hereby,the moregagee shall,
<br /> �r '� .'�� on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets ovea [o the.
<br /> ; �.. � � mortgagee alt.the rents,revenues and ir.come to be derived from die mortgaged premises during such time as thc mortgage indebcedness shall remain�
<br /> . � �unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire (or the purpose of repairing said premises and renting ��
<br /> . .� the same and collecting the rents,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 maneging the same and of collecting rentals therefrom; the balance remaining, if any,to be �
<br /> � ��applied towurd the discharge of said mortgage indebtedness;these righYs of the mortgagee mey be exercised a[any[irne during the exi&tence vf suclt�
<br /> default,irrespective of any temporxry waiver of the same.
<br /> �� � � � These Fresents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or betbre tt�e maturity oF said shares by
<br /> . payment;pay monthly to said ASSOCIATION of the sum specitied in the Bond secured hereby as interest and principal on said loxn,on or before
<br /> � � . �the Twen[ieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this hlortgage
<br /> �� ���and the Bond secured thereby,before delinquency;fumish approved insurance upon the buildings thereon in the sum of� 12 s 10�•QQ payable
<br /> - ; � ro said ASSOi.IATION:repay�to said ASSOCIATION upon demand all money by it paid�for such taaes,assessments and insurance with interest ai
<br /> ' .p� . the maximum legal rate thereon From date of payment all af which Mort�agor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> ;i . � :� with all the ugreements and conditions of the Sond for 3 12�1��.��this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> - . . with all[he requi�emenxs oC the Constitution and By-Luws of said ASSOCIATION; then these presents shall become nuII and void,othetwise they ���
<br /> �shall remain in Pull force and may be foreclosed at the opcion of t}le said ASSOCIATION atter failure for ihree muntlis to make any of�said �
<br /> � � payments�or be three months in�arrexrs in making said monthly payments,or to keep and comply with the agreements and conditions of said 9ond; �
<br /> . � and Mortgagor agrees to heve a receiver appointed forthwith in such foreclosure proceedings. � . � �
<br /> � If there is any change in ownctship of[he real estate morlgaged herein, by sale or otherwise,then the entire remaining indebtedness hereby
<br /> � ..secured shall,at the option of Tl:e Equitable Building and Loan Association of Grand Island,Nebraska,become imrt�ediately due and payable without �
<br /> �� � further notice,and the amount remxining due�under said bond,and any other bond for any additional advances made thereunder,shall,from[he � � � � � - �
<br /> i.� � date of exercise of said option,bexr interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the arnoun[due on said � ..
<br /> bond,and any otfier bond far additiqnal advances,together with all sums paid by said The Equitnble Building and Loan Association of Crand Island,
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br /> � IegaTrale. � . . �
<br /> � � � As provided in the Bond secured hereby,whlle tl�is mortgage remains in effect the mortgagee may hereafter advance additional sums to ihe �' �� �
<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 funds originally � .
<br /> �. � . secured the�eby,the toiaPamount of principal debt not to exceed at any time the original amaunt of[his mortgage. � � � � � � �
<br /> � Dated this �5t}l day of auly A.D.,19 �]
<br /> �
<br /> r ra
<br /> ; ` Wendy S. G ff
<br /> ; STATE OF NEBRASKA,� ss. On qus �5th day of �U�y 19 7] ,before me,
<br /> COUNTY OF HALL ,,�t� •.
<br /> � � � � � � .. the undersigned,a Notary Public in and for said Coanty,personxlly came _ �. � ,°�{
<br /> larry G. Graff and Wendy,S. Graff, each i n hi s and her own ri ght a w�as s�ouse o n�yac�own to �� � y �F
<br /> :. .� oth�r ar � ^�;:
<br /> Y' � me:to be the idet�tical person S whose name S dPE aft`ixed to ihe above instru ortgagor 5 and tf12,y severally i ��?h
<br /> � ������ � y�«�.
<br /> acknowledged the said instrument to 6e thel%!" voluntary act and deed. �
<br /> WITNESS my hand rand Notarial Seal the date aforesaid.
<br /> � M�Commission ex ires ''�/ , �� ��i��G��
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<br /> ��GENERAL NtlTARY-State of Nebt, - � � . . Notery Public
<br /> � �,y,�� .� JAM_S W.C)LSON ��y ��/ a,' /� � � �
<br /> � i YAy f:vmrr EzP..Nov I2.35'9n;I����"'"�^'T/_ � !, ���% �
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