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<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 214954MGIC
<br /> KNOW ALL MEN BY THESE PRESENTS:That Kelly 'Stevens and Alice E. Stevens, each in his and
<br />• her own rightrand as spouse of each other,
<br /> ,. Mortgagor,whether one or more,In consideration of the sum of
<br /> Thirteen•Thousand'.Five Hundred and No/100 DOLLARS
<br /> a, • loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon. 135 shares of stock of
<br /> 'said ASSOCIATION,Certificate,No.L 21,954 MGIC do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> 54--4 described real estate;situated In Hall County,;Nebraska:.
<br /> rpt - :
<br /> t'';'' LOT FOUR (4) IN BLOCK FOURTEEN (14)
<br /> `, IN H. G. CLARK'S ADDITION TO THE CITY
<br /> I,r •
<br /> '' OF GRAND ISLAND, HALL COUNTY, NEBRASKA,
<br /> together,with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> ?;-4,4 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 /> K, 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 sameshall become delinquent;to furnish approved
<br /> „.1,'.1,-. insurance upon the buildings on said premises situated in the sum of 5 13 son no payable to said ASSOCIATION and to deliver to said
<br /> ";1`,;";.'
<br /> st - ASSOCIATION the policies for said insurance;and not to commit or permit an;'waatebn 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 mortshall,
<br /> u , on demand,be entitled to imediate possession of the mortgaged premises and the mortgagor.hereby assigns,transfers nd 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 /> s• the same and collecting the rents,revenues and income,and it may pay outof said income all expenses ofrepairing said premises and necessary.
<br /> ; commissions and expenses incurred in renting and managing the same ansi of collecting rentals therefrom;the•balance remaining,ifany,:tobe- •
<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 /> ?r'- 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 13,500.00 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 horn 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 13 con an this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Laws of I'at ASSOCIATION;then these presents shall become null and void,otherwise they
<br /> shall remain in full farce 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 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 tate.
<br /> rr.' As provided in the.Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the '
<br /> k 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 26th. day of January
<br /> ) cc.0„,:extda
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<br /> .5.r,'.- .v'y
<br /> K-lly '4everTS Alice L. Stevens
<br /> 1
<br />;,`,,:4-',': STATE OF NEBRASKA, ss On this 26th day of January 19 76 ,before me,
<br /> - COUNTY OF HALL
<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> 'Kelly Stevens and Alice E. Stevens, each in his and her own rightmm are personally known to
<br /> and as spouse of each.other,
<br />• me to be the identical person's whose name S affixed to the above instrument as mortgagors and they severally -
<br /> acknowledged the said instrument to be their voluntary act and deed.
<br /> 4;4-+.4,.. WITNESS my hand and Notarial Seal the date aforesaid.
<br /> My Commission expires//�
<br /> , e3 7,. (2.4,-- c . ...
<br /> � GENR}141 Ht)i ARY tt.!e of N:.r. / i'
<br /> Notary Pub
<br /> • 373 M FIs. TAMES L4Ur.1 Gam'"
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