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<br /> MORTCAGE
<br /> MORTGAGE LOAN NO. � 22�83�
<br /> - r KNOWALLMENBYTHL•SEPRESENTS:That Howard W. Legg d11� Lorena 1. Legg, each in his dnd
<br /> her own right and as spouse of each other,
<br /> . : � �� � � � � . . __Mortgagor,whether one or more,in consideration of the sum of� �
<br /> � Fifty Thousand and NO/�QO---------------------- DOLLARS
<br /> loaned to said mortgagor by The Equiiable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 5�� shares of stock of
<br /> said ASSOC[ATION, Certiflcate No_L � 2Q_R3Q ,do hereby grani, convey and mortgage unto the said ASSOCIATION the Following
<br /> �described rea!estate�,situated in Hatl County,�Nebraska: : � �
<br /> LOT ELEVEN (71) WESTERN NEIGHTS THIRD
<br /> SlJBDIVISION NRLL COUPlTY, NEBRASKA
<br /> together witli ull the tenemen[s,hereditaments and appurtenances thereunio belonging,ineJuding at[ached t7oor coverings,all window screens,
<br /> window shzdes,blinds,storm windaws,awnings,heating,air conditioning,and plumbing and water equipment And accessories thereto,pumps,szoves,
<br /> rairigera[ors,and other fixturcs and equipment now or hereafter attached to or used in conneciion with said real estate. �
<br /> And whereas the said mortgagor has agreed and does hereby agree that ihe mortgagor shall and will pay all taxes and assessments levied or � � �
<br /> assessed upon said premisas and upon this mortgage and the bonJ secured thereby beCore the same shall become delinquent;to furnisli appraved � � �.�
<br /> � insurance upon the buildings on said premises situated in the sum of$5�.�0�.UO payable to said ASSOCIATION and to deliver to said
<br /> . ASSOCIATION the policies for said insurance;and not to commii or permit any waste on or about said premiser, �
<br /> Li case of default in the performance of uny ot[he[erms and conditions of this mortgage ur the bond secured hereby,the mortgagee shall, �
<br /> � on dema;td, be er:iiled io immediate possession o:¢he moatg::ged premises and the mortgagor hereby assigns, trausfers and sets ovcr to thc � �
<br /> . mortgagee all the rents,revenues and income to be derived from ilte mo�igageci prem:ses during such time as the mortgage indebtedness shall remain �
<br /> � unpaid;and tlie 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 collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary . .
<br /> � commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balaace remaining,if any, to be �
<br /> . applied toward[he discharge of said mor[gage indebtedness;these rights of the mortgagee may be exercised at any time ducing the existence of such ..
<br /> Jefault,irrespec[ive of any tempurary waiver of the same. � �
<br /> These Presen[s;however,are upon the Condition,That if Che said Mor[gagor shall repay said loan on ar before the maturity of said shares by � �
<br /> � pxyment;pay monthty to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before �
<br /> the Twentieth day of each and every month,until said luan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage - .
<br /> and the Bond secured thereby,before delinquency;fumish approved insurance upon the buildings thereon in Ihe sum of S 5O����.�0 payable .
<br /> � � to said ASSOCIATION;repay to said ASSOCIATION upon de�nand all money by it paid for such taxes,assessments and insurance with in[ecest at .
<br /> the maximum legal rate thereon from dute of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply � � �
<br /> with all the agreements and conditions of the Bond for$ 5Q�OQQ.QQ this day given by the said Mortgagor to said ASSOCIATION,and comply � � � .
<br /> with all the requirements of the Constitution and By•Laws of said ASSOCIAT(ON;[hen these presen[s shall become null and void,otherwise ihey � . �
<br /> sliall remain in full force and may be foreclosed at the option of the said ASSOCIAT[ON afrer failure for three mondts to make uny of said � �
<br /> . � payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bund;� .� �
<br /> and Mortgagor agrees to have a receiver appoin[ed forthwith in such foreclusure praceedings. � � � �
<br /> If ihere is any change in ownership of[he reat estate mortgaged herein,by sale or otherwise,then the entire remaining inde6tedness hereby � . �
<br /> � secured shall,at the option oT The EquitaUle Building and Loan Associativn of Grand Island,Nebraska,bec�me immediately duz and payabie without �
<br /> � � further nulice,and [he amount remeining due unde� said bond,and any other bond for xny additional advances made thereunder,shall,from the � � � �
<br /> . date of exercise of said option,bear interest at d�e maximum(egal rate,xnd this mortgflge may then be foreclosed to sa[isfy the antount due on said . . � � �
<br /> , bond,and any olher bond for additional advances,together wi[h all sums paid by said The Equitable Building and Loan Association of Grxnd Island, � . �
<br /> . Nebraska for insurance,taxes and assessments,and abs[racting extension charges, with interest thereon, from date of payment at the maximum � . � . � �
<br /> � legal rate. � � � , � � .
<br /> � � ps provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to thz � � � � � �..
<br /> � makers of said Bond,the"u assigns or successors in interest,which sums shall be within the security of this mox[gage the same as the funds originally . � � .
<br /> � secured thereby,the[otal amoun[of principal debt not to exceed at any iime the original amount of this�nortgage. � � �
<br /> Dated this $t'd' day of October � A.D_,19]]
<br /> , �c''#t.� .�'i .,�a.e...r, .� ,,. rY'- ��%.r� . � . . �.
<br />� Howar— d W. L�egg Lorena�I. Legg i
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<br /> STATE OF NEBRASKA,� , �
<br /> ss: On this 3r� day of October 19 77 ,beCore me, ��'"
<br /> COUNTY OF HALL � �� `
<br /> � the undersigned,a Notary Public in a d for said County,p rsonal came �� �� '� � ,
<br /> � Howard W. Legg and Lorena I. Legg, each in his and her own right an� as spouse ofi eac�i
<br /> .Ot�12Y'� . � � WhO are Personally known to y��j.� -�
<br /> . me to be Ihe identical.person 5 A n�pe�C�� af£xed io[he above instrument as mortgagor S and they severally . � - - `?
<br />� �acknowledg�d che said instcumcnt i� �� :.$t1A'Xl'•..w4w ��� .�.a�t nn�•_Pe�, � � ��qp�p —
<br />— � . . �4_. +T .ts`I1'_ Rawk,
<br /> — WITNESS my h `d.i+tbtanal Seai�'�i6 dtr� oresazd. .� � _ / �,t
<br /> My Commission �� QT t f �%�V �.lJc�!`__�/�'L /� /�(�j�
<br /> � t�n p_�
<br />� � � 6-1-2M RI . :,'4(/r `150.'• ' .
<br /> . . j� JJ. . t L ., S� .�* .
<br /> ` "�TF.Ot NE��P y �
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