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<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 22�95
<br /> � KNOW ALL MEN BY THBSE PRESENTS:That BObby L. TY'Ott2Y' d11C� b�l�qtd L. Trotter, each i n {l1 S hcld
<br /> her own right and as spouse of each other
<br /> i'' Mortgagor,whether one or more,in consideration of the sum of ` ` .
<br /> , Eiqhteen Thousand and No/100------------------------------------------------------noLtntts , ,
<br /> loaned tA said mortgagor by The Equitahle Building and Loan Association of Grand[sland,Nebraska,Mortgagee,upon 18� shares of stock bf
<br /> said ASSOCIATION,Certi6cate No. L 22�95 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> � ` `described real estate,situated in Hall County,Nebraska: -
<br /> LOT FIVE (5), IN BLOCK NINETEEN (19},
<br /> IN PACKER AND BARR'S SECOND ADDITION
<br /> TO THE CITY -0F GRAND ISLAND, HALL
<br /> ;
<br /> COUNTY, NEBRASKA.
<br /> tagether with all the tenements,hereditaments and appurtenances thereunto belonging, including attached floor coverings,all window screens,
<br /> � window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,.pumps,stoves,
<br /> �� � refrigerators,�and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. � � .
<br /> � � �Anc3 whereas the said�mortgagor.has agreed end does hereby agree that the mortgagor shall and will pay all taxes�and�asse�ssments levied or��
<br /> s�� � assessed�upon said premises and upon this rnortgage and the bond secureQ tI�e eb}�before the�same shall become delinquent;to furnish appcoved
<br /> z.' insurance upon the bvildings on said premises si[uated in the sum of 5 la,0��.�� payable io said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premiser, �� . .
<br /> In ease qf defaWt in the performance of any of the terms and conditions of xhis mortgage or the 6ond secured here6y,the mortgagee sha11,
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over ta the
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the murtgage indebtedness shall remain
<br /> unpaid;and tl�e mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br /> the same and callecting the rents,revenues and income,and it may pay out of said incume all expenses oC repairing said premises and necessary
<br /> � contmissions and�expenses incurred in renting and mannging Ihe same xnd of collecting rentals therefrom; the balance remaining,if�any, ro be ��
<br /> �applied toward the discharge of said morigage indebtedness;these ri�;h[s of the mortgagee may be exercised at any time during the existence of such�.
<br /> default,irmspective of any temporary waiver of the same.
<br /> . � �These Presents,however,are upon the Condition,That if the said Mur[gagor shall repay�said loan on or before Ihe maturity of said shares by ���
<br /> . payment; pay montlily[o said ASSOCIATION of tlie sum specified in the Bond secured hereby as interest and principal on said loan,on or before.,-�
<br /> tlte Tw�entieth day of each and every month,until said loan is fully paid;pay all taxes and assessments]evied against said premises and on this Mortgage ,
<br /> �� � � xnd the Sond sewred thereby,betore delinquency;furnish approved insurance upon the buildings thereon in the sum�of S ],$���Q.QQ payabte .
<br /> � �fo said ASSOCIATION;repay to said ASSOCIATION upon demand alI money by it paid for such[axes,assessments and insurance with interest at.�
<br /> �. the maximum legal race therean hom daie of pxyment all oF which Mortgegor hereby agreas to pay;perrnit no wasm on said premises;keep and comply
<br /> with al(the agreements and conditions of the Bond fqr S 18����.�Qltis day given by the said hturtgagor to said ASSOCIATION,and comply
<br /> �with all thc requirements�of the Constitution and By-Laws of said ASSOCIATION;ihen these presents shall�become nu11 and void,othenvise they
<br /> � � shall remain in full force and may be foreclased a[the option of the said ASSOCIATfON after failure for three months to make any of said .
<br /> payments or be three months in auears in making said mon[hly payments,or[o keep and compty with the agreements and conditions of said Bond; �
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<br /> � � �and Morty,agor agrees to have a receiver appuin[ed forthwith in such foreclosure proceedings. . . � � . . .
<br /> If there is any ck�ange in ownership of the real estate mortgaged herein,by sale or othcrwise,then the entire remaitung indebtedness hereby
<br /> secured shall,ai the ogtion of The Equitable Building and Loan Association of Crand Island,Nebraska,become immediately due and payable without
<br /> � further notice,and the amount remaining due under said bond.,and any other bond for any additionat advances made thereunder,shall,fram the ��
<br /> � ��� � date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be(oroclused to satisfy the�emount due on said�� �� �
<br /> band,and any i�ther bond fm additiunal advances,together with al1 sums paid by said The Equitable Building and Loan Association of Grand Island,
<br /> Nebraskx for insurance,taxes and assessments,and abstracting extension charges, with interest thereon,from date of payment at the maximum
<br /> legal ratc.
<br /> � As provided in the Bond secured hereby,while this mortgage remnins in effect the�mor[gagee may hereafter advance additional sums to the
<br /> makers uf said Bond,their as�igns or suceessors in interest,which sums shall be within the security of this mortgage the same as the funds originally
<br /> 'secwed thereby,the�[otal amount of principul debt not to exceed at any time the original amount of this mortgage. �
<br /> D'� 26th. day of /�UgUSt A.D.,19]]
<br /> Bp��b� �'z:���'''o�er:��2"�_ '
<br /> kiilma L:<Trotter
<br /> STATE dF NEBRASKA,�ss. On tMs 2(th. day of /�U9US t 19]] ,before me, `
<br /> COUNTY'OF HALL p
<br /> - � � � � � � � the undersigned,a Notary Public in and for said County,personally came � ,, � � ��^
<br /> � , .... � �p .
<br /> 6obby L. Trotter and Wilma L. Trotter, each in his and her own right an�dres s ouse pf each '
<br /> Oth�Y• � .� . . . �. . � . � � � � .who � �ersonally known to � �4� .
<br /> me to be#he idenGcai pe *��'�e 1"y�(}p4�, affixed to the above instrument as mort a or and severall �w�''
<br /> . t�L 5 dY'2 8 B s they Y ' "� �a
<br /> acknowledged tha said in�µ�e,pi to be`' `•u'�7��, votuntary act and deed. /} `��''
<br /> � � � 1VITN�rn@ hand aiod NotBriai� the date aforesaid. � � � � >/� �f � � �
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