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<br /> 76.()0048
<br /> MORTGAGE
<br /> MORTGAGE LOAN N0. L 21,965
<br /> KNOW ALL MEN BYTIIFSEPRESENTS:That Jacqueline J. Burns and Duane A. Burns, her husband,
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<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> F; Thirty Thousand and No/1O0 DOLLARS
<br /> r-• loaned to said mortgagor by The Equitable Building and.Loan Association of Grand Island,Nebraska,Mortgagee,upon 300 -shares of stock of -
<br /> } said ASSOCIATION,Certificate No.L 21,965do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> LOTS ONE (1) AND THE EASTERLY THIRTY SIX
<br /> ,` FEET (36') OF LOT NO (2) IN BLOCK FOUR (4)
<br /> ASHTON PLACE, AN ADDITION TO GRAND ISLAND,
<br /> 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.
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<br /> 1-1 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 mid premises situated in the sum of$30,000.00 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 /> 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-premiscs 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,G 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 Bend secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 30,000.00 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 agtcements and conditions of the Bond for S 30,000.VO this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> r ` with all the requirements of the Constitution and By-Laws of said ASSVCIATION;then these presents shall become null and void,otherwise they
<br /> shall retrain 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 Bund;
<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.witls interest thereon, from date of payment at the maximum
<br /> legal rate.
<br /> As provided in theSond 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 sisals be within the security of this mortgage the same as tire funds originally
<br /> secured thereby,the toial amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> i Dated this 30th day of January A.D.,19 76 •
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<br /> •,Jacqueline J.r$u'rns Duane A. Burns . .
<br /> STATE OF NEBRASKA, f•
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<br /> COUNTY OF HALL ss. On this i 0 day of v7 a I i 0(1 L i9. ,before me, •
<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> Jacqueline J. Burns and Duane A. Burns, her husband,
<br /> who are personally known to
<br /> me to be the identical person S whose name S are affixed to the above instrument as mortgagor S and they severally
<br /> acknowledged the mid instrument to be their voluntary act and deed.
<br /> WITNESS my hand and Notarial Seal the date aforesaid-
<br /> My Commission expires att... 1 3 r 9 7 9 P- •
<br /> ./ Notary Public •
<br /> 373-2M asaenCISEIALWAIT•State ot
<br /> VERA M.WIOSTONE
<br /> 1h 03trso.Ea9.Dat 13.1971
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