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<br /> :Y,
<br /> l MORTGAGE
<br /> MORTGAGE LOAN NO. 121933
<br /> -,e,.,,,, KNOW ALL MEN BY THESE PRESENTS:That Rodney L. Carlson and Donna R. Carlson, each in his and
<br /> r her own right and as spouse of each other,
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<br /> Twenty-nine Thousand Six Hundred and No/l OD Mortgagor whether one or more,in consideration of the sum
<br /> DOLLARS •
<br /> loaned to mid mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 296 shares of stock of
<br /> said-ASSOCIATION,Certificate No.L 21933 do hereby gram,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska:
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<br /> LOT ELEVEN (11) IN CAPITAL HEIGHTS FIFTH
<br /> SUBDIVISION, BEING A PART OF THE SOUTHWEST •
<br /> QUARTER (SW4) OF SECTION TWO (2), TOWNSHIP
<br /> ELEVEN (11) NORTH, RANGE TEN (10) WEST OF
<br /> j THE 6TH P.M., IN HALL COUNTY, NEBRASKA. -
<br /> • together with allthe 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 529600.DD 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 mid premises;
<br /> In cast 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 /> 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 S 29,600.00 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 S 29,600.00 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
<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 theretmder,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
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<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 thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> Dated this 9th day of January A.D,1976 -
<br /> Rodney L. Carlson n /� C..rt L4tG>r/
<br /> :ma N. `Carlson
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<br /> STATE OF NEBRASKA,
<br /> COUNTY OF HALL f ss. On this 9th day of January 19 76 ,before me,
<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> Rodn arlson and Donna R. Carlson, each in his and her own who are personally known to
<br /> r ghtIan„ spouse of each other,
<br /> me to bd thetdentlta1.' on S whose name S affixed to the above instrument as mortgagor 5 and they severally
<br /> .acknowledged the said instrument to be their voluntary act and deed.
<br /> i WITNESS''uty hand and Notarial Seal the date aforesaid.
<br /> My Gbtnrri sson expires , '11\7 Y ,f I c1� ) - 1\
<br /> 3732M' - � �f A +r Notary Public _
<br /> I ail t I i I — 't"r PA} �rtftrltl Il pfd �'I'' I.
<br /> N ��I• -5. .1..
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