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<br /> MORTGAGE
<br /> MORTGAGC LOAN NO. � 22,�92
<br /> rKNOWALLMENBYTHESCPRESENTS:That BUY'h� Gilpin and Bonnie L. Gilpin, fll5 W1f2
<br /> ' _____ Mortgagor,wl�ether one or more_in consideration of the sum of ;
<br /> Twenty Thousand and No/100------------------- �oLLA�s
<br /> � loaned to said mortgagor by The Equitable Building and Loan Association of Crand island,Nebraska,Mortgagee,upon 2�� shares of stock of
<br /> said ASSOCIATION,Certificate No:L 22�]92 ,do hereby grant, convey and mortgage unto the said ASSOCIATION.the following
<br /> described real zstate,situated in Hall County,Nebraska: �
<br /> LOT EIGHT (8) IN BLOCK NINETEEN (19) IN
<br /> THF ORIGINRL TOWN, NOW CITY, OF GRAND
<br /> ISLAND, NEBRASKA.
<br /> � �[ogether with all �he tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings, al! window screens,
<br /> �. wmdnw shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,sioves,
<br /> refrigerators,and other fixtures and equipment now or hereafter a[tached to or used in connectiun with said reai estate.
<br /> � And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> . assessed upon said premises and apon this mortgage and the bond secured Uiereby before the same shall become delinquent;to furnish approved
<br /> insurance upon the buildings on said premises situa[ed in the sum of$2O�OOO.OO payable to said ASSOCIATION and to deliver to said �
<br /> ASSOOIATION the pulicies for said insurance;and not to comrnit or pertmt any wasie on or;�bout said premises;
<br /> In case of default in the performance of any of the terms and conditions ot this mortgage or the bond secured hereby,the mortgagee shall,
<br /> on demand, be ecvitled to immediate pussession oC the murtgaged premises and the mortgagor hereby assigns, [ransfers and sets over to the
<br /> murtgagee all tlie rents,revenues and income to be derived from the mortgaged premises during svch time as the mortgage inde6tedness shall remain�
<br /> unpaid;and the mor[gagee shall have the power to appoint any agent or agents it may desire for rhe purpose of repairing said premises and renting
<br /> tha same and collecting the rents,revenues and income,and i[may pay out of said income all expenses of repairing said premises and necessary
<br /> cornmissions and eapenses incurred in reniing and managing the same and of wllecting rentals therefrom; the balance re�naining, if any,to be
<br /> . applied toward the discharge of said mortgage indebtedness;d�ese rights of the mortgagee may be exercised at any time during t}�e exis[era;e of suclt
<br /> default,irrespective of any temporary waiver oF the same. �
<br /> These Presents,however,are upon thc Condition,Tha[if the said Mortgagor shall rzpay said loan on or before the maturity of sxid shares by
<br /> paymem;nay monthly to said ASSOCIATION of the sum specified in tlie Bond secured hereby as interest and principal on said loan,on or befbre
<br /> the Twentieth day of each and evcry month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on diis Mortgage
<br /> and the Bond secured thereby,before delinquen�y;Curnish approved insurance upon the buildings thereun in the sum of$ 20�000.Q� . payable
<br /> to said ASSOCIATION;repay to suid ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with�interest at
<br /> the maximum legal rate thereon frum date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply .
<br /> with ali the agreements and condifions��f the Bond for$ ZD����.�� tiiis day given by the said Mortgagoz to said ASSOCIATION,and comply ' �
<br /> with all the requirements of the Cons[itution and By-Laws of said ASSOCIATION;then these presents shall become null and void,othenvise they � �
<br /> shall remain in full f�rce and may�be foreclosed at[ha opti�n of[he said ASSOCIATION after failure for three months to make any of said "
<br /> payments ar be three months in arrears in making said monthly payments,or to keep and wmply with the agreements and wnditions of said Bond; � �
<br /> and Marigagor agrees to have a receiver appointed for[hwith in such foreclosure proceedings. � . � .
<br /> .� 1f there is any change in owi�ership of the real estate mortgaged herein, by sale or otherwise,then the entire remaining indebtedness hereby �� �
<br /> � secured shatl,a[the option otThe Equitable Building xnd l.,oan Association of Grand Island,Nebraska,become immediaiely due and payable without .
<br /> � fuKher nuticc,and the amount remaining due under said bond,an�any orher bond for any additional advances made thereunder,shall,from the �
<br /> date o}'exercise of said option,bear interest at tlie maximum]egal rate,and this mortgage may then be foceclosed to satisfy the amount due on said �
<br /> bond,and any other bond for additiona]advances,togeiher with al)sums paid by said The Equitable puitding and Loan Association oF Grand Island, � �� � �
<br /> � �Nebraslca for 'rnsurance,taxes and vssessments,and abstracting extension charges, with interest thereon, from date of payment at the ma�cimum � �
<br /> legal rate. �, � � .
<br /> . As provided in the Bond secured hereby,while this mortgage remains in effect the mortgegee may hereafter advance additional sums to the ' � �
<br /> makers o(said Bond,their assigns or successurs in interest,which sums shall be within the security of ihis mortgage the same as xhe funds originally ' � � �
<br /> . secured thereby,the to[a!amount of principal debt not to exceed at any time the origina!amount of this mortgage. �. �
<br /> Dated this � Q.th day of August A.n.,��77 .� � . � �
<br /> ''�,1�,.«,i'l r� ��--- ., —
<br /> Bonnie L. 6ilpin
<br /> STATE OF NEBRASKA,� ss, On this 24th da of /�U USt �
<br /> COlJNTYOF NALL y 9 19�� ,before me, �-."' ���.
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<br /> � � �� � � the undersigned,a No[ary Public in and for said County,peru�nally came � � ���'p"`
<br /> Burh7 G�lpin and Bannie t. Gilpin, his wife �
<br /> �� who d Y'2 personally known to x y,
<br /> ��e tb,De��e� �'; �perwn5 whose name5 dP2 affixed to the above instrument as mortgagoj5 and tI12,Y severally � '
<br /> ac�cfiioisle2gEct.fLe said �sxn�menx to br thei r vo!untsry act u.d decd. A , .
<br />� � �- 1�KITN S my hand and Netaria!Seal:he date afozesai3. ``
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<br /> � �CO�sP ti 5�>G d��,"o�mission exp'ue ��� /1 f! ��� .
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