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<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. I. '
<br /> ✓ � KNOWALLMENBYTHESEPRESENTS:That $t@phG'0'�. Durbin and Katherine A. Durbin, each ltl h15
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<br /> and her own right` and as -spouse of each other,
<br /> $ Mortgagor;whether one or more,in consideration of the sum of '
<br /> ." Thirt�Fnur�Thnueanrl Fnur Hnn � . . . ��� � � DOLLARS
<br /> � drE.d and Nc�/700------------------------------------
<br /> y loaned to sa3d m�rtgagor by The Equitable Buiiding and Loan Association of Grand Island,Ne6raska,Mortgagee,upon 344 shares of stock of
<br /> :i said ASSOCIATION, Cer4ificate No. L 22�784 ,do hereby grant, convey and mortgage`uato the said ASSOCIATION the following
<br /> i described:real estBte,situated in Hall County,Nebraska:
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<br /> ; � LOT SEVEN (77 WESTERN HET�HTS SUBDIVISION, �
<br /> � HALL COUNTY, NEBRASKA
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<br /> �:� � . � together with�all the tenements,hereditaments and appurtenances thereunto belonging, induding attached floor coverings,all window screens,�
<br /> window sliades,blinds,storm winduws,awnings,heating,xir conditioning,and plwnbing and wa[er equipment and accessories thereto,pumps,stoves.
<br /> ' refrigerators,and other�fixtures and equipment now or hereafter attaclted to or used in connection wi[h said real estate. . . �. . � . .
<br /> 1 And whereat the said mortgagor has agreed and does hereby agree that the inortgagoi shall and.witl pay all taxes and assessments levied or
<br /> ; J �assessed�upoq.said premises and upon tltis mortgage and the bond secured thereby befote the same shall become delinquent;to furnish approved .
<br /> ; � ��insurance upon the buildings on said premises situated in the sum of$3L�, !}OO.00 Payable to said ASSOCIATION and to deliver [o said �.
<br /> ASSOCIATCON the policies for said insurance;and not to commit or permit'any waste on or about said premises;
<br /> 1 In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured he�eby,the moRgagee sttatl,
<br /> � on demand, be entitled to immediate possession of the mortgaged premises and the mortgegor hereby assigns, transfers and sexs over to the
<br /> � mortgagee aH the rents,revenues and income to be derived from lhe mortgaged premises during such time xs the mortgage indebtedness shall remain
<br /> unpaid;and the mortgagee sliall have the powar to appoint any agent vr agents it may desire for the purpose of repairing said premises and renting
<br /> r� the same and collecting the rents,revenues a�d income,and it may pay out of said income all expenses of repairing said premises and necessary
<br /> ggg commissions and expenses incurred in renting and rnanaging the same and of collecting rentals thereFrom; the balance remuining,if any,to be
<br /> ' y applied toward the dischar�e of said mortgage indebiedness;these rights of[he mortgagee tnay be exercised at any tirte during the existence of such
<br /> � �. defeult,irrespective of any temporary waiver of the same. .
<br /> �. : .. These Presents,however,are upon t.he CondHion,That if the said Mortgagor shall repay said loan on or before�ihe maturity of said shures by ��
<br /> paymen[;pay monthly to said ASSOCIATION of the sum spec�ed in[he Bond secured liereby as interest and principal on said loan,on or hefore�
<br /> �� ; .the Twentieth day of each and every month,until suid loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage _
<br /> � and the Bond secured thereby,before delinyuency;Furnish approved insurance upon the buiidings theraon in the sum of S 34,4��.�0 , payable �
<br /> !�� to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance.wi[h interest at'
<br /> . � . �the maximum legal Yate[hereon from date oF payment ali of which Moctgagor hereby agrees to pay;permit no wasee on said premises;keep and comply� �
<br /> � �� �with all the agreements and wnditions of the Bond for$ 3�}�Q.Q�.�Q this day given by.the said Mortgagor to said ASSOCIATION,and comply
<br /> � .with all the requirements oC the:Constitution and By-Laws of said ASSOCIATION;then these presents shall become null and void,otherwise they �
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three rnonths to make any of said
<br /> pxyments or be three months in arrears in making said monthly payments,or to keep and comply with the agreemenu and conditions of said Bond;
<br /> � � �and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. � � � � �
<br /> ; ff 2here is any change in ownership of the rexl estate mortgaged herein,by sale ur otherwise,then the entire remaining indebtedness hereby
<br /> secured shail,abthe option of The Equitable BuIIding and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> 1'' further notice,and the amount remaining due under said bond,and any other bond For any additional advances made thereunder,shall,from the
<br /> ,� � . date of exercise of said option,bear�interest at the maximum legal rate,and this mortgage may then be foredosed 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 /> Nebraslca for insurance,taxes and assessments,and a6stracting extension charges, with interest thereon, from date of payment a2 the mazimum
<br /> ' � ' legal rate.
<br /> g>� � � � ' ��A5 provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> .. - �makers of said Bond,their assigns or successors in interest,which sums shall be within the secwity of this mortgage the ssme as the funds originally . �
<br /> � �. secured there y,the totat amoun[of principal debt not to exceed at any time the original amount of this mortgage. . .
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<br /> P t 's lr'J'th � day of AUgUSt // A.D.,1977 J} ,
<br /> ` /1 C�C.�L.C/�G�?.� G..(� • /�'.l,//L-7�L�/-C
<br /> � ephe� J. rbin a herine A. Durbin
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<br /> ti S�'ATE OF NEBRASKA> 4 .
<br /> ss. Onthis 15tf1 dayof AU9USt 19�7 ,beforeme, �
<br /> } COUNT'Y OF jiALL�
<br /> � the undersigned,a Notary Public in and for said County,personally came ��"
<br /> °� Stephen J. Durbin and Katherine A. Durbin, each in his and her own hoght and ap r o�ally�no nf o �;�;' � :�`� !
<br /> � eaeh other, are
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<br /> � me to be the i �ers� whose name S affixed to the above instrument as mortgagor S and they severally .���
<br /> acknowiad ,�'�� e t�'1�01 Y' �voluntary act and deed. � a�,r
<br /> Y � � MJ �5 NeLarfttl Seal th�3ete atoresaid. � �. . . . . � . . . ..
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<br /> {� . Exr,r�s ;,�r -r.c.� .
<br /> Notary Public
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<br /> JJ RG�:2..�`'�•'•Q.
<br /> q�F 0�-N EBRPS�
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