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<br /> �7 �:�C1�511
<br /> MORTCAGE
<br /> ' ' MORTGAGELOANNO. L22��3 MGIC
<br /> r KNOWALLMENBYTHESEPRESENTS:That LeW1S H. McKenzie and Marguerite R. McKenzie, each
<br /> !:
<br /> in his and her own right and as spouse of each other
<br /> � � Mortgagor,whether one or more,in consideration of the sum of�
<br /> Thirty One Thousand Four Hundred and No/100---------------------------------------�LLAxs
<br /> � � loaned to said mor[gagor by The Equitable Building and Loan Association of Crand Island,Nebraska,Mortgagee,upon� 314 shares of stock�of.
<br /> said ASSOCIATION, Cer2ificate No.L 22773 MGIC,do hereby grant, convey and mortgage unta the said ASSOCIATION the following
<br /> . described�real estate, situated in Hall County,Nebraska: . � � � �
<br /> LOT SEVEN (7), IN BL6CK TEN (10) IN
<br /> ASHTON PLACE, AN ADDITION TO THE CITY
<br /> OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> together with all the tenements,hereditaments snd appurtenances thereunto belonging,induding attached floor coverings,all window screens, _
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,anJ plumbing and waterequipment and accessories there[o,pumps,stoves,
<br /> reGigeraturs,and ather fixiures and equipmen[now or hereafter attached to or used in cunnection with said real estate. �
<br /> . � And whereas the said mortgagor has agreed and does hereby agrec that the mortgagor shall and will pay alt taxes and assessments levied�or
<br /> t assessed upon said premises and upon this mortgage and the bond seci rkd J� e ebX before the same shall become delinquent;to furnish approved
<br /> � insurance upon the buildings on said premises situated in the sum of$�1��`+��•UD payable to said ASSOCIATION and tp deliver to said ��
<br /> . ASSOCIATtOAT the policies for said insurance;and not to commit or perinit any�wa'ste on or about said premises; �
<br /> In case of default in. the performance of xny of tlie terms and cor.ditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> on demand,be entiUed�to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over [o [he
<br /> mortgagee all the rents,revenues and income to be derived from the moctgaged premises during such time as the mortgage indebtedness shall remain
<br /> � unpaid;snd the mwtgagee shall have the power to appoint any agent or�gents ii may desire for the purpcse of repairing said premises and renting . ��
<br /> the same and c:ollectuig 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 managing the same and of collec[ing rentals [herefrom; the balance remaining,if any, to be
<br /> applied toward die discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any tirne during the ezis[ence of such
<br /> defauli,irrespeclive of any temporary waiver of the same. � �
<br /> These Presents,however,are upon the Condition,That if the said A9ortgagor shall repay said loan on or before the maturi[y of said shazes by
<br /> � payment;pay monthly to said ASSOCIATION of the sum speciGed in the Bond secured hereby as interest xnd principal on said loan,on or before .
<br /> the Twentieth day of each and every month,until said toan is fully paid;pay xll[axes and assessenents levied against said premises and on this Mortgage
<br /> � and the Bond secured thereby,before delinquency:furnish approved insurance upon the buildings thereon in tlte sum of S 31.�{�0.�� payable
<br /> � �, � to said ASSOCIATION;repay to said ASSOC[ATION upon demand al1 money by it paid for such ta�ces,assessments and insurance with interesTat
<br /> the maximum tegal rate thereon from date of payment ell of which lNortgagor hereby agrees to pay;permit ao waste on said prerttises;keep and:umply
<br /> with xll the agreements and conditions of the 6ond for$ 31 a4��•��this day given by thz said I�lortgagor to said ASSOCIATION,and contply .
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIA7'ION;then these presents sha11 become null and void,otherwise[hey � �
<br /> shall remain in Cull force and may be foreclos�d at the uption uf the said ASSOCIATION after failure for three months to make any of�said ��
<br /> payments or be three months in xrrears in making uid mon[hly payments,or to keep and comply with the agreements and conditions of said Bond; `� , � ..
<br /> and Mortgagor agrees to have a receivcr uppointed forthwith in such Coreclosure proceedings. � . ,
<br /> lf there is any change in ownerslup 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 Island,NebrasF:a,become immediately due and payable without� � � � ��
<br /> � fur[her notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder,shail,from the � � � � �
<br /> date of exercise of said.option,bear interest a[the maximum legal rate,and this mor[gage may then be foreclosed to satisfy[he amount due on said � � � �
<br /> ' � � bond,and any other bond for additional advances,togetlier with all sums paid by said The F.quitable Buffding and Loan Association of Grand Island, - � � �
<br /> �. � Nebraska for insurance,taxes and assessments,and abstracting ex[ension charges, with interest thereon, from date of payment at the ma�cimum �
<br /> . legal rala . �
<br /> As provided in the$ond secured hereby,while this mortgxge remains in effect the morxgagee may hereafter advance additional sums to the �
<br /> makers of�said Bond,[heir assigns or successors in interest,which sums shall 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 originai amount of this mortgage. � . .
<br /> Datedthis 5th aay�,r August n.n.,i9 77
<br /> � � /�f�)1>c�,�//� '
<br /> d h1J ( L—C'�-
<br /> ewi's . McKenzi€��
<br /> Margu ite;R. McKenzie
<br /> STATE OF NEERASKA, ss On this 5th day of Augus t 19�� ,before me,
<br /> COUNTY+DF HALL� � �. F�,'�
<br /> . � ihe undersigned,a Notar Public in and for said Count ,personally csme � � ry
<br /> Lewis H. McKenzie and Marguerite R. McKenzie, eacfi in his andYher own right ancras spouse �r � �'�Y,`�
<br /> � O'f.L'dC 4q,t�����„� who dY'G' Personallyknownto . J
<br /> v�� . +:
<br /> m�to he�3tiqpjj� whnse name S dpe affixed to the above instrument as mortgagor5 and they severally �,`�
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<br /> ac wler�}W'h�s�d�zum to be thel Y' yoluntary act and deed.
<br /> �U�QT�'�N m.y d and Notarial Seal:the date aforesaid.
<br /> � . �..��, CO£Xf'IR�5�iss�o expires . . . � ` ��� � � ` ,t, . � .�:.
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<br /> � � s:i. 4f+J,'��;G 31,�5�'rQ' . � ' � tary Yublic .
<br /> qrf of�ri�e�°'S�
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