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76- 00415
<br /> MORTGAGE
<br /> etc
<br /> MORTGAGE LOAN NO. L21,956
<br /> KNOW ALL MEN BY THESE PRESENTS:That Rudolf F. Plate and Jeannice R. Plate, his wife and
<br /> Timothy C. Plate, a single person •
<br /> Mortgagor,whether one or more,in consideration of the sum of •
<br /> Ten Thousand Eight Hundred and No/lOO 'DOLLARS
<br /> loaned You'd mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 108 shares of stock of
<br /> said ASSOCIATION,Certificate No.L 21,956 .do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> •
<br /> •
<br /> LOT FOURTEEN (14) IN BLOCK ONE (1) IN BETTER HOMES SUBDIVISION,
<br /> SAID BLOCK ONE (1) BEING A SUBDIVISION OF LOTS 4, 5, 6, 7 and •
<br /> •
<br /> •
<br /> NORTH 38.3 FEET OF LOT 8, IN BLOCK ONE (1) OF WILLIAM FRANK
<br /> ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> together with all the tencrnents,.hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> "..S., 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 end 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 satiated in the sum of S 10 803 00 payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance:and not to commit or permit try waste on or about said premises;
<br /> In case of default in the performance of any of the terns 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 rnortgaeed premises during such time es the mortgage indebtedness shall remain
<br /> unpaid;and the mortgagee shallhave the power to appoint any agent or agents it may desire for the purpose of repairing said premiw*s and renting - '
<br /> '
<br /> E_ the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairina 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 10,800.00. 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 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 /> • wish all the agreements and conditions of the Bond for Sl 0,800.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all therequirements 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 slid 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,beeome immediately due and payable without
<br /> further notice,and the amount remaining due under said bond,and any other bond for any additional advancesmade thereunder,shall,from the
<br /> date of exercise of said option,bear interest at the maxi^nmm legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said
<br /> bond,and any other band 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 /> 5 - As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee Tray hereafter advance additional sums to the
<br /> makers of said Bond.their assigns or successors in interest,,which stuns shall be within the security of this mortgage the same as the funds originally
<br /> secured thereby,the total amount of principal debtnot to exceed at any time the original amount of this mortgage..
<br /> /'91edthis ,26t}' +ay of January A.D.,19 76
<br /> ;T
<br /> 'i _ •anni ce R. Plate
<br /> Timoth/C. Plate
<br /> • STATE OF NEBRASKA, ss On this 26th day
<br /> COIJNTYOFHALLof January 1476 before me,
<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> ` Rudolf F. Plate and Jeannice R. Plate, his wife and Timothy C.
<br /> • Plate, a single p ran who are personal known to
<br /> '` me to tie the identical Lz
<br /> PCJ'sett5y =;*lease name S affixed to the above instrument as mortgagor 5 and they severally
<br /> acknowledged the satu3skiuinenfter '' lei r voluntary act and deed.
<br /> � handandA6Li.
<br /> I Seal the-date aforesaid.
<br /> v%otmnstune ex res 6.
<br /> " ' z ,
<br /> Notary Public •
<br /> 3.73-2M rµ
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