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<br /> TG- 000028 -
<br /> MORTGAGE Register of D.t.ds H..II County, Ni..isku
<br /> MORTGAGE LOAN NO. L 21929
<br /> KNOW ALL MEN BYTHFSEPRESENTS:That Harold A. Gibson and Helen E. Gibson, each in his and
<br /> her own right and as spouse of each other,
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> Nine Thousand Four Hundred and Fifty and No/100 -•----I�oLLnRs
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon :94 shares of stock of
<br /> s L said ASSOCIATION,Certificate No. 1 21929 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in flail County,Nebraska:
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<br /> r�r NORTHERLY HALF (N1/2) OF FRACTIONAL LOT FIVE (5) IN FPACTIONAL
<br /> BLOCK THREE (3) , IN THE ORIGINAL TOWN, NOW CITY OF GRAND ISLAND,
<br /> NEBRASKA, AND OF ITS COMPLEMENT, TO—'1iT; FRACTIONAL LOT FIVE (5)
<br /> IN FRACTIONAL BLOCK THREE (3) , IN NAGY'S ADDITION, BOTH BEING
<br /> ADDITIONS TO THE CITY OF GRAND ISLAND, NEBRASKA. BEING A RECTANGULAR •
<br /> TRACT OF GROUND HAVING A WESTERLY FRONTAGE OF 66 FEET ON OAK STREET,
<br /> IN SAID CITY, AND A DEPTH OF 66 FEET, AND BOUNDED ON THE NORTH BY
<br /> THE ALLEY IN SAID BLOCK.
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<br /> i.. together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> window dtades,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 /> S` 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 upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved
<br /> insurance upon the buildings on said premises situated in the sum of S 9,450.00 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 default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
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<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 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 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 tents,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 balance remaining,if any,to be
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such -
<br /> default,irrespective of any temporary waiver of the sante. •
<br />”' These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by - r
<br /> payment;pay monthly 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 loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the suns of S 9,450.00 payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> the maximum legal rate thereon from date 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$ 9,450.00 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 ASSOCIATION:then these presents shall become null and void,otherwise they
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any 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 Bond: - •
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure 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 - "
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<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand 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 additional advances made thereunder,shall,from the -
<br /> date of exercise of said option,bear interest 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,together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br /> Nebraska for insurance,taxes and assessments,and abstracting 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 mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally
<br /> secured,hereby,the Iota,'amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> ted this 2nd da of January A D.,19 76
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<br /> e,,', a o d A. Gibs rf - Helen E. Gibson
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<br /> STATE OF NEBRASKA,
<br /> 0,- ss. On this 2nd day of January 19 76 ,before me,
<br /> COUNTY OF HALL
<br /> i the undersigned,a Notary Public in and for said County,personally came �, h %
<br /> Harold A. Gibson and Helen E. Gibson, each in his and her own right
<br /> and as spouse of each Other, who are personally known to
<br /> r' 3��' , t..
<br /> me to be the identical persons whose S{..- t t rt`affixed to the above instrument as mortgagor s and the severally
<br /> acknowledged the said instrument to be `4211 r . sralnetaryactand deed.
<br /> WITNESS my hand an dal,tieai the dine'e{orest}id. •.,
<br /> My Commission exp'rr • _ � '�GjLy''1 fes' Qif/l,/
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<br /> Notary f�t,blic •
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