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<br /> MORTGAGE
<br /> D10R9'GAGE LOAN N0. L 22�8��
<br /> � IChOWALLMENBYTHESEPRESENTS:That Kimbal $. Babcock and Charlotte R. Babcock, 2dCfl ltl hl5
<br /> and her own right and as spouse of each ather
<br /> _____Mortgagor,whether one or more_in consideration of the sum of
<br /> Eighteen Thousand Eight Hundred and No/100---- DOLLAxs
<br /> � loaned�to said mortgagor by The Equitable Building and Luan Association ot Grand Island,Nebraska,Mor2gagee,upon� 188 shares of stock of
<br /> .� said ASSOCIATION, Certificate No. L 22�$Q] � ,do heraby grant,convcy and mortgage unto the said ASSOCIATION the following '.
<br /> desctibed real estate,situated in Hall County,Nebraslca:� � � . �
<br /> LOT SIX (6) IN BLOCK ONE HUNDRED THIRTY
<br /> (130) IN KOENIG AND WIEBE'S ADDITION TO
<br /> THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<br /> � together with all the tenements,hereditaments and appurtenances thereunxo belonging,inciuding at[ached ftoot coverings,all window screens,
<br /> � � window shades,blinds,storm windows,awnings,heating,air conditiuning,and plumbing and waterequipment and accessories[hereto,pumps,stoves,
<br /> re(rigerators,and other fixtures and eyuipment now or hereafter at[ached to or used in connection with said real estate. . � . .
<br /> And wMereas the said mortgagor has agreed and does liereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> assessed upon said premises and upon this mortgage and the bond secured thereby befure the same shall become delinquent;to Furnisli approved
<br /> . insurance opon the buildings on said premises situated in the sum of$ ],$�$0�.�� payable to 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 premises; � � � �� �
<br /> . ' � In case of deCault in the performance of any of the terms and conditions of this mortgage nr the bond secured hereby,the mortgagee shall,
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to�the
<br /> mortgagee aA[he rents,revenues and income to be derived frum[he mortgaged premises during such time as the mortgage indeb[edness shall remain
<br /> unpaid;and the mortgagee shall have[he power�to appoint any agent or agents i[ may desire for the purpose of repairing said premises and renting .
<br /> � the same and collecting the rents,revenues and income,and it may pay out of said income ail expenses of repairing said premises and necessary
<br /> commissions and expenses incuued in renting and managing the same and of cullecting rentals thereFrom; the balance remaining,if any,[o be
<br /> applied toward the d'rscharge of said mortgage indebcedness;these rights ot the mortgagee may be exercised at any time during the existence of such
<br /> default,irrespective of any[emporary waiver of the snme. �
<br /> j . � These Presents,however,are upon Ihe Condition,That if the said hlortgagor shall repay said loan wi or before the maturity uf said shares by
<br /> payment;pay monthly to said ASSOCIATION of the sum speci(ied in the Bond sewred hereby as interest and principal on said loan�,on or before
<br /> the Twentie[h day of each and every month,until said loan is fully paid;pay all taxes and�ssessments levied against said premises and on tliis Mortgage
<br /> �� and the Bond secured thereb before detin uenc fumish a HOO..00
<br /> y, q y; pproved insnrance upon the buildings thereon in the sum of 5 18 s payable
<br /> to said ASSOCIATiON;repxy to said ASSOCIA7ION upon demand all money by it paid fvr such taxes,assessments and insurance with interest at�
<br /> � the maximum lega)rate thereon from date of payanent all of which Mortgagor hereby agrees[o pay:permit no waste on said premises;keep and comply �
<br /> with ail the agreements and conditions of the Bond for$IH�$�0.�Q this day given by the said Mortgagor[o said ASSOCIATION,and comply .�
<br /> � � with al!the requircinen[s of the Constitution and By-Laws oC said ASSO(:1AT10N; then these presen[s shall become null and void,otherwise they .
<br /> shall remain in full force and may be foreclused at the option of the said ASSOCIATION after failure for three monihs to make any of said .
<br /> payments or be three months in arrears in making said monthly payments,or to keep and compiy with the agreeinents and conditions of said Bond;
<br /> and Morigagor agrees to have a recciver appointed forthwith in such forectosurz proceed;ngs. � � � .
<br /> 3 It there is any change in ownership of the rexl estate mdrtgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby . .
<br /> secured shail,at the option of The Equi[able Building and Loan Association of Grand Island,Nebraska,become unmediately due and payable without _ . ��
<br /> further notice,and the amount remaining due under said bond, an'd any other 6ond for any additional advances made thereunder,shall,from the � � � .
<br /> date of exercise of said option,bear interes[at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said � .
<br /> bond,and any other bond for additional advances,toge[her with all sums paid by said The F.,quitable Building and Loan Assucia[ion of Grand Island, � ' � ��
<br /> Nebraska foz insurance,taxes and assessments,and abs[racting extension charges, with interest thereon, from date of payment at the maximum � . �
<br /> legal rate. . �
<br /> As provided in the Bond secured hereby,while this mor[gage remains in efY'ect the mortgagee may hereafter advance additional sums to the � �. . � . .
<br /> makers of said Bond,their assigns or successo�s in interest,which sums shall be within the security of this mortgage[he same as the funds originally . � .
<br /> . secured thereby,the total amount of principal debt no[to exceed at any time the original amount of this mortgage. . . . .
<br /> Dated this 9tM day of September A.D.,19 77
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<br /> �Charlotte R. Babcock
<br /> sTwzs oF xEsxAsxw,� 9th Se tember k
<br /> ss. On this day of P 19�� ,before me,
<br /> COUNTY OF HALL
<br /> the underrigned,a Notary Public in and for said County,personally came _ �"� '�''
<br /> Kimbal S. Babcock and Charlotte R. Babcock, each in his and her own right and as s�ouse � '<� �` `
<br /> Of 2dCr1 OtflBl" �`'t1O are Person y known to y x�
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<br /> � ,. . �e to be�the identical persor6 � whose name S d P2 afYixed to the above instrument as mortgagor S and t h 2,y severally � =
<br /> . . . . .,,� , .
<br /> acknowledged the said instiument to be t h 2 7 Y' votuntary act and deed. ` �1 �/'�
<br /> . . � my�{�and and Notarial Seal the date aforesaid. � . �%Jr/ ' ) ,
<br />�' . �M .���, .GzhCRAI NRTar�YNl�t�.''ammissiop expires � . . � \./" i%%��• �f�,�� .
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<br /> �?+m� MY C,.as.ui ExV �u.�.n . 1 i'' . � . . . . Notary Public
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