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<br /> MORTGAGE
<br /> � . . �� � MORTGAGELOANNO. � ,637 MGIC : �
<br /> KNOWALLDIENBYTHESEPRESENTS:That Duane H. Morgan dtld Esther Y. Morgan, each 1t1 f17S and her
<br /> � own right and as spouse of each other
<br /> � � � b7ortgagor,whether one or more,in consideration of the sum of
<br /> Fort_y Three Thousand Six Hundred Fiftv dt1CI NO/ZOO----------------------------------DOLLARS
<br /> �. �. loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon �{36 shares of s[ock of
<br /> said ASSOCIATION, Certificate No.L 22,637 MGIG a�hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> . described real estate,si[uated in H�ll County,.Nebraska:
<br /> THE EASTERLY THIRTY-FOUR FEET (E 34') OF LOT FOUR
<br /> (4) AND THE WESTERLY FIFTY-TWO FEET {W 52') OF LOT
<br /> FIVE (5) , PLEASANT VIEW FIFTH SUBDIVISION, IN THE
<br /> CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br /> together with all tlie tenements,hereditaments and appurtenances diereunto 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[here[o,pumps,stoves, ' .
<br /> � refrigerators,and oiher fixtures and equipment now or hereafter attached to or used in connection with snid real estate. �
<br /> And whereas the said mortgagor has agreed and does hereby agrce tha� the mortg�gor shall and will pay all taxes and assessments levied or
<br /> � assessed upon said p�e�nises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnisli approved � �
<br /> insurance upon the buildings on said premises situuted in the sum of S Q.3,650.00 payable [o said ASSOCIATION xnd to deliver to said . - ..
<br /> ASSOCIATION the policies for sxid insurance;and not to commit or permit any waste on or about said premises; - .. �
<br /> In case of default in the per(ormance of any of[he terms and conditions of diis mortgage ur the bond sewred hereby,the mor[gagee shall,. � � � �
<br /> i � on demand,be znti�led ro immediate possession of'the mortgagnd premises and the mortgagor hzreby assigns, transCers and sets over to the � .
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness�shall remain �
<br /> unpaid;and the mongagee shall have ihe power to appoint any agent or agents it may desire for the purpose oC repairing said premises and ren[ing �
<br /> the same and collecting the rents,rzvenues and income,and it may pay out of said income all expenses of repairing said premises and necessary �
<br /> commissions and expenses incurred in rcnting and managing the same and of collecting rentals therefrom; the balance remaining, if any,to be . �
<br /> � applied towxrd the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any ti�ne during the euistence of sueh .
<br /> . default,irrespective of any temporary waiver ot the same. ��
<br /> � These Presents,however,are upon the Condition,That if the said Alortgagor shall repay said loan on or before the ma[urity of said shares by � � �
<br /> p�yment;pay monthly to said ASSOCIATION of thc sum specified in the Bond secured hereby as intezest and principal on said loan,on or before �
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mor[gage �. �
<br /> and the Bond secured thereby,beCore delinquency;furnish approved insurance upon the buildings thereon in the sum of$ 43 650.0(� Payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upo��demand all money by it paid fur such taxes,assessments and insJrance wrth interest at � � .
<br /> the maximum legal rate thereon from date of payment all uf which Mortgagor hereby agrees to pay;permit no waste on uid premises;keep and cornply � �
<br /> with all the agreements and conditions of the Bond(or S 43 650.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> � with all the reyuirements ot the Constitu[ion and By-Laws uf said ASSOCIATION;then these presents shall become null and void,otherwise they . . � .
<br /> shall remain in tull (orce and may be Coreclosed at the option uf the said ASSOCIATION after failure for three months to make any of said �
<br /> � ' paymen*s ur be rt,�Ne,.,.�,�,rt,���a�rPar.in rt,akEng said�nnnthy gxy�„ents,er to keep aed ce•,,ply y,er1:r.he ao--•.^::ts=nd co.^.,�f::or.s of sai3 Bead; ..� . .
<br /> and Mortgagor agrees to have a receiver appointed furthwith in such forectosure proceedings. � �� � �
<br /> If'there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby . � � � .�
<br /> secured shall,at the uption of Tlie Equitable Building xnd Loan Association uf Grand 1sland,Nebraska,become immediately due and payable without . � . � . �
<br /> further notice,and ihe amount remaining due under said bond,and any u[her bond for any additional advances made thereunder,shall,from the - �
<br /> date of exercise of said op[ion,bear interest at the maximum legal rate,and[his mortgage may then be foreclosed to satisfy the amount due on said � � �. � .
<br /> bond,and any other bond for additional advances,tugether with al!sums paid by said Tlie Equitable Building an3 Loan Associa[ion of Grand Island, � � . � �
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges, with in[erest thereon, from date of payment at the maximum � � � ��
<br /> legal rate. � � � � �
<br /> As provided in tlie Bond secured hereby,while this mortgage remxins in effect the mortgagee may hereafter advance additional sums to the - �� � � . .
<br /> makers of said Bond,their assigns ar successors in interest,which sums shali 6e within the security of this mortgage the same as the funds originally � �
<br /> secured thereby,the total amount of principal debt not ro exceed at any time the originaJ amount�f tlus murtgage. � � � � . � .� � �
<br /> Dated this 1Qth day of May A.11.,iy 77
<br /> ���..�---��2ro`Z-�m�-�''
<br /> —�, . Morgan �e�. ?
<br /> C�� � J
<br /> Esther Y. MorQan
<br /> STATE OF NEBRASKA, ss. On tlus 1 Qtt7 day of ,
<br /> COUNT'Y OF HALL� May 19]] ,beCure me, n �
<br /> � ,
<br /> . ��� � � the undersi ned,a No[ary Public in and for said County,personallycarne � � ,,.,
<br /> Duane H. Morgan and Esther Y. Morgan, each in his an� her own right and as spouse of each
<br /> -,�
<br /> � . Othe�^ . �. who d�.,e Personallyknownto .
<br /> me xo be the identical person S wliose name s are afSxed to the above instrument as mortgagor 5 and tfl(?,Y severa2ly
<br /> acknowledge¢the said instrumeni to be thei r voluntary act and deed. �
<br /> � � WITNESS my hand and Notaria!Seal the date aforesaid. / ��/%�%1%' .
<br />� � �� � MyCommission expires � �
<br /> �
<br /> ���R/IL NOTARY StaYe t ta.-��.�'~a � G Y �
<br /> / y' /� Notar Publs_c
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