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<br /> MORTCACE LOAN N0.��9�.]�R
<br /> � KNOWALLMENBYTHESEPRESENTS:That E1mer Tibbs and Irene Tibbs, each 1CI �i15 and h2Y' OW►1
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<br /> right and as spouse of each other
<br /> � Mortgagor,whether one or more,in consideration of[he sum bf
<br /> Twenty-one Thousand Two Hundred and NO/IOO----------------------------------------- DpLLARS
<br /> � � loaned to said mortgagor by The Hquitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 212 shares of stock of
<br /> said�ASSOClATION,Certificate No. L 2Q]5$ ,do hereby grant, convey and mortgage untu the said ASSOCIATION the following
<br /> � described �eal estate,situated in Hall County,Nebraska: � ���
<br /> LOT SIX (6) BLOCK TWELVE (12), GILBERT'S SECOND
<br /> ADDITION TO THE CITY OF GRAND ISLAND, NALL COUNTY
<br /> NEBRASKA.
<br /> � together with all the tenements,hereditaments xnd appurtenances thereunto belonging,incl�iding attached t7oor coverings,ail window screens, �
<br /> . window shades,blinds,stonn windows,awnings,heuting,air conditioning,and plumbing and watereqaipmentand accessories thereto,pumps,stoves, �
<br /> refrigerators,and other fixtures and equipment now oz hereaFter attached to or used in connection widi said rwl estate. .
<br /> �� And whereas the said inortga�or has agreed and does hereby agree tliat the mortgagor sliall and will pay all taxes and assessments levied or
<br /> � assessed upun said premises and upon this mortgage and the bond secured thereby before the same shall becane delinquent;[o furnish approved �
<br /> insurance upon the buildings on said prernises situated in the sum uf$ Q1�2QQ.QQ payable to said ASSOGATION and to deliver to said � � �
<br /> � ASSOCIATION the pulicies for said insurance;and not tu commit or pennit any was[e on or about s�id premises;
<br /> In case of default in the perfomiance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, �
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagur 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 mortgage indebtedness shall remain
<br /> � unpaid;xnd the mortgagee shall have the power io appoint any agent or agents it may desire for the purpose of repairing said premises and renting�
<br /> the same and collecting the rents,revenues and income,and it mey pay out of said income all expanses of repairing said premises and necessary
<br /> . commissions and expenses incurred in renting and managing the same and oF collecting rentats therefrom, the bxlance reinain.ing,if any,tu be �
<br /> xpplied t�ward the dischnrge of said mortgage indebtedness;these rights of the mortgagee mxy be exercised at any time during the existence of sud�
<br /> default,irrespective of any temporary waiver of the same. � � ,
<br /> These Presrnts,however,are upon the Condition,That if the said Mortgagor shall repay said]o�n on or before the maturity of said shares by � �
<br /> payment;pay monthly to sxid ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before .
<br /> the Twentieth day of each and every month,until s:aid luan is fully paid;pay all taxes xnd assessments levied against said premises and on this Mortgage ��
<br /> and the Bond secured thereby,befure delinquency;fumish approved insurance upon the buildings thereon in the sum ot$�1 2��.�Q Payabie �
<br /> to said ASSOC1AT10N;repay to said ASSOCIATION upen demand all money by it paid for such taxes,assessments an m§urance w�th in[erest at . . ��
<br /> . the maximum legal rate thereon from date of paytnent all of which Murtgagor hereby agrees to pay;permit no waste on said premises;keep and wtnply � �
<br /> ' with all the agree�nents and conditions of the Bond for S ZZ�2��.�� this day given by the said Mortgagor[o said ASSOCIATION,and compty
<br /> with all the requirements of the Constitution and ByL•aws of said ASSOCIATION;then these presents shall become null and void,otherwise they � �
<br /> � shalt remain in full torce and may be foreclosed at the option of'the said ASSOCIATION after failure for three months to make any o!said � ' � �
<br /> payments or be three munths in arrexrs in making sxid monthly payments,or to keep and comply with the agreements and conditions of saidBond; ' � � � �� �
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. � � �
<br /> If there is any change in ownership o(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 Is1and,Nebraska,become immediately due and payable without � � . � � � �
<br /> further notice,and the amount remaining due under seid bond,and any other bond for any additional advxnces made ihereunder,shall,from the �� . � �
<br /> date of exercise of said option,bear interest at the maximum legat rate,and this mor[gage 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 Equitable Building and Loan Association of Grand Island, �. � � �
<br /> Nebraska for insurxnce,taxes and assessments,and abst[acting extension charges, with interest thereon, from date of payment at the maximum �. � '
<br /> legalrate.
<br /> As provided in the Bond secured hereby,white this mortgage remains in effect Ihe mor[gagee may hereafrer advance additional sums m the � ��
<br /> � makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgxge the same as the funds originally . � � � .
<br /> secured thereby,tlte totat amounl of principal debt not to exceed a[any[ime Yhe uriginal amount.of this mortgage. �� . � �
<br /> D ed this 2]th day oC July �1-D-,19 �]
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<br /> J.t��.e ��_..�-r�.-�.
<br /> Irene Tibbs
<br /> STATE OP NEBf2A5KA, ss. On this 2�th day of July 197� ,before me,
<br /> COUNTY OF HALL� +-��n, �," .,
<br /> � ' � ' the undersigned,a Notery Pubtic in and Cor said County,personally came ' �
<br /> Elmer Tibbs and Irene Tibbs, each in his and her own right and as spouse of each other � `� ��
<br /> ��. . . . � . � . �Jho personally known to .. . .. �'". '�
<br /> me to be[he identical persorS who ^�¢��� �"��^aft`ixed to the above instrument as mortgagor S and tf12,y severally �
<br /> acknowledged the said instrument to be �'�#��1�'�,PN t�y�i�qt�y� t and deed.
<br /> C,.- �
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<br /> MyCommissionexp sM c. �htf(�(p��t, —1S.f�c�'1�1--s �-""'✓�r2'LI.�rJ
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<br /> � � '.O ��e ' `� . Notary Pub�Yic
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