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<br /> 7 000133
<br /> t MORTGAGE ..
<br />"•",.,.)--,'.'2", MORTGAGE LOAN NO. L 21 ,934
<br /> , , KNawALL meNBYTHPSEPRESENTS:That Ronald L. Smith and Sharon K. Smith, each in his and here
<br /> ,,' ''fi own right and as spouse of each other,
<br /> � Mortgagor,whether one or more,in consideration of the stun of
<br /> i " • fight Thousand Eight Hundred and No/100 • DOLLARS
<br /> i loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 88 shares of stock of
<br /> e-to,S said ASSOCIATION,Certificate No:L 21 ,934 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> 1-2.4",-I.-4:•',-.2-, deecibed real estate;situated in Hall County,Nebraska:
<br /> tp.:
<br /> 1
<br />= , LOT TWO HUNDRED SEVENTY ONE (271) IN WEST LAWN
<br /> _ i. IN THE CITY OF GRAND ISLAND, NEBRASKA
<br /> t
<br /> N.t together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> fwindow 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.
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<br /> And whereas the said mortgagor has agreed and does hereby agree thatthe 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 onlaid premises situated in the sum of S 8,800.00 . , - . ...... .,,
<br /> 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 t.bout said premises;
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<br /> i 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,
<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 /> a 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 rents,revenues and income,and it may pay out of said income all expenses of repairing said premises And necessary
<br /> • i 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 same.
<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
<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 sum of$8,800.00 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 maxitnum 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 5 8,800.00 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 /> shallremain 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 forer'^sure proceedings.
<br /> It 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 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 /> yF 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 /> 3 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 y, remains in effect the mortgagee may hereaiter:td once 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 thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> tea this 9.1h day of January A.D.,19 76
<br /> xi
<br /> • cRonald L. Smit - Sharon K. Smith
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<br /> r NATE OF NEBRASKA, On this da of 19 before me,
<br /> • 5
<br /> COUNTY OF HALL 9th y January 76
<br /> ? the under' ed a Notary Publicistand or said Count personally me ,44,,, "f
<br /> Ronald L. Smith-and Sharon K. Smith, each in his and'-Ilei• own right and f as spouse of each
<br /> —o ,Ss PRC([ who are personally known to 'r
<br /> t'` Irtth'�dtdnt�`t x'nS whose names are affixed to the above instrument as mortgagors and they severally
<br /> ackaorvledged the;aid ins larment to be their voluntary act and deed.
<br /> WITh lSS\my hand and Notarial Seal the date aforesaid.
<br /> r x
<br /> My Comtdiasion expires n��a ,�
<br /> 3732N1 •~��* �J / Notary Public
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