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MORTGAGE
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<br /> a , MORTGAGE LOAN NO. L 21,967
<br /> ;,, kNOWALLMCNBYTtIESErltESENTS:That Robert A. Hays and Rita L. Hays, each in his and her
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<br /> • own right and as spouse ofeach other,
<br /> 1 ; Mortgagor,whether one or more,in consideration of the sum of
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<br /> Thirty-one Thousand Five Hundred and NO/100 -DOLLARS ;
<br /> >r loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 315 shares of stock of
<br /> said ASSOCIATION.Certificate No.L'21,967 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall.County,Nebraska:
<br /> •is
<br /> is;: - .:..:.
<br /> LOT THIRTEEN (13), WESTERN •
<br /> HEIGHTS SUBDIVISION, HALL
<br /> 's' COUNTY, NEBRASKA •
<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,puntps,storm,
<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 betbre the same shall become delinquent;to t'nsish approved •
<br /> insurance upon the buildings on said premises situated in the sum of$31 500.00 payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises;:
<br /> In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shaft,
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged.premises during such rime es the mortgage indebtedness shall remain
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br /> ",,?•,•: the same and collecting the rents,revenues and Income,and it may pay out of said income all expenses of repairing said premises and necessary
<br /> commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom;the balance remaining,if any,to:be
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> default,irrespective of any temporary waiver of the same.
<br /> These Presents,howeiet,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> the Twentieth day of each and every month;untrl said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> and the Bond secured thereby,before delinquency;furnish approved Insurance upon the buildings thereon in the sunt of$ 31,500.00 payable
<br /> to said ASSOCIATION;repay to said ASSOCIATiON upon demand all money by it paid for such taxes,assessments and insurance witinterest at
<br /> the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;pennit no waste on said premises;keep and comply ,,
<br /> • with all the agreements and conditions of the Bond for$ k nil this day given by the said Mortgagor to said ASSOCIATION,and comply •
<br /> with all the requirements of the Constitution and ByLawl tnfleitd fNSIOCIATION;then these presents shall become null and mid,otherwise they
<br /> shall remain in full force and may he foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br /> paynrents or be three months in arrears in making said monthly payments,or to keep and comply wills 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,beoome iuimediately 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 tine 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 maximurn •
<br /> legal rate.
<br /> As provided in the Mond secured hereby,while this mortgage remains hn effect the mortgagee may hereafter advance additional sums to the
<br /> makers of said Bond,their assigns or successors in interest;which stints shall be within the security of this mortgage the sante 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 •,I /( d v of Til,-; 1-1.-.vt-11r a A.1).,19 7(' r
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<br /> Robert A. Hays V' Rita L.tJiays • (/
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<br /> STATE.OF NEBRASKA, ss On ilnis 30th day of
<br /> COUNTY OFIIALL January 19 76 ,bel'dreme,
<br /> the undersigned,a Notary Public in and for said County,personally canoe
<br /> Robert-A. Hays and Rita L. Hays, each in his and her own right
<br /> and as spouse of:each other, who are personally known to
<br /> me lobe the identical person 5 whose name 5 affixed to the above instrument-la grottgagor S and they severally •
<br /> acknowledged the said instrument to be their voluntary act and deed. 11
<br /> WITNESS my hand and Notarial Seal the date aforesaid. C ' )
<br /> My Commission expires s ..
<br /> At t rix„st tv)r r, ,., r �1 Notary Pub it;
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