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<br /> 76. 00047)
<br /> MORTGAGE
<br /> r• MORTGAGE LOAN NO. L 91.g,7
<br /> KNOW ALL MEN BY THESE PRESENTS:That Charles F. Lange and Colleen E. Lange, each in his and •
<br /> her own right and as spouse of each other,
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<br /> tt Mortgagor,whether one or more in consideration of the sum of
<br /> Nineteen Thousand One Hundred and No/100 -- ---
<br /> – DOLLARS _
<br /> §` loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon 191 shares of stock of
<br /> said ASSOCIATION.Certificate No,L 21,957 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> + '• described real estate,situated in Hall County,Nebraska:
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<br /> THE SOUTHERLY SEVENTY SEVEN (77) FEET •
<br /> OF LOT EIGHT (8), IN BLOCK SIXTEEN (16),
<br /> IN THE ORIGINAL TOWN, NOW CITY OF GRAND
<br /> ISLAND, NEBRASKA.
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<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 S 19 100.00 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 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 /> r 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 tire 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 /> 1 ' 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,arc 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$ 19,100.00 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 19,100.00 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 /> t• 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 /> rNebraska for insurance;taxes and assessments,and abstracting extension charges,with interest thereon,from date of payment at the maximum
<br /> .'legal rate.
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<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 there. ,the total,amount of princi.; debt not to exceed at any time the original amount of this mortgage.
<br /> �' i his 28th January A.D.,19 76 •
<br /> ar es ange Col een h. Lange
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<br /> STATE OF NEBRASKA,
<br /> ss. On this 28th dayJanuary76
<br /> COUNTY OF HALL)rj of 19 before me,
<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> Charles F. Lange and Colleen E. Lange, each in his and her own
<br /> r `` as spouse of each other who are personally known to
<br /> *brt fir Jt , person S whose name S affixed to the above instrument as mortgagor S and they severally
<br /> faclttiowledgmd the sairryinstrument to be their voluntary act and deed.
<br /> te WITNESS my hand and Notarial Seal the date aforesaid.
<br /> L } My ClY1MRaarOR expires �
<br /> eft M Notary Public
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<br /> l 'I e r
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