|
,5, .
<br /> --1
<br /> O.,,,.' 74..000208
<br /> MORTGAGE
<br /> PM
<br /> MORTGAGE LOAN NO.L 21 ,942
<br /> KNOW ALL MEN BYTHESE PRESENTS;That David A. Ellington and Louise E. Ellington, each in
<br /> Ur his and her own right and as spouse of each other,
<br /> •
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> Thirty-eight Thousand and No/100
<br /> DOLLARS
<br />•
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 880 shares of stock of
<br /> k • said ASSOCIATION, Certificate No. L 21 ,942 .do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> ir(
<br />+'' LOTS SEVENTEEN (17), EIGHTEEN (18) AND NINETEEN (19)
<br /> ;: OF ROSS FIRST SUBDIVISION, HALL COUNTY, NEBRASKA.
<br /> LOCATED IN PART OF THE NORTH HALF OF THE NORTHEAST
<br />} QUARTER OF THE NORTHWEST QUARTER (N1/211E1.4\114/34) OF
<br /> SECTION ELEVEN (11) , TOWNSHIP ELEVEN (11) NORTH
<br /> RANGE TEN (10) WEST OF THE 6TH P.M. , HALL COUNTY,
<br /> NEBRASKA.
<br /> together with all the tenements,hereditaments and appurtenances thereunto 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 thereto,pumps,stoves,
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> 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$ 38,000.00 payable to =id 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,
<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 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 balance remaining,if any,to be
<br /> s 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 /> •
<br /> and the Bond secured thereby,before delinquency:furnish approved insurance upon the buildings thereon in the sum of$ 38,000.00 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$38000 00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Laws o'f 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 inmaking said monthly payments,of 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
<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 bend 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 />•s.. 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 thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> Dated this 15th day of January A.D.,19 76
<br /> Ua� R. I i r5gton-r'...1.74.14,..I', , . ,-.1---e-,...c-v..-.---, �'- --,,:...e.„...4;;;;.„_,...„.„7..,; ,„... ..�
<br /> Louise E. Ellington
<br /> STATE OF NEBRASKA, on this 15th day of January
<br /> COUNTY OF HALL :9 76 ,before me,
<br /> the undersigned,a Notary Public in and for said County,personally came p r+
<br /> ^'''' '' David A. Ellington and.Louise E. Ellington, each in his and her who are personally known to
<br /> own right anti._-, -t of each other
<br /> k me to be the identical parrot 1S. n oc name S affixed to the above instrument as mortgagor S and they severally
<br /> acknowledged the sasAlltitryu$vnt l tsa e i r voluntary act and deed. r _
<br /> ESS thy hand andSvq}u l Seal the date aforesaid." �`/'1
<br /> �ylyComrmssioneitpirw VA_ 7 �Y 7.� 4)-W)7•0G-i
<br /> �'1_/C�..��/��_
<br /> 1
<br /> L. 3-73-2M 'ty Notary Public •
<br /> r � ,
<br /> ,„ Ler.......—
<br /> i —r
<br />
|