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<br /> MORTGAGE
<br /> MORTGAGE LOAN NO,L TYb-O
<br /> KNOW ALL MEN BY THESE PRESENTS;That James S. Gruntorad and Caralee A. Gruntorad, each in
<br /> his and her own right and as spouse of each other,Mortgagor,whether one or more,in consideration of the sum of
<br /> Thirty-one Thousand Four Hundred and No/100 DOLLARS
<br /> ` loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 314 shares of stock of
<br /> ' said ASSOCIATION,Certificate No.L 21,9_60 ,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 /> LOT FOUR (4) MARYLANE SUBDIVISION, HALL COUNTY,
<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 tirades,blinds,storm windows,awnings,treating,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 31,4O0.00 payable to said ASSOCIATION and to deliver to mid
<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 /> i 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 sante and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary • -
<br /> s 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$31,400.00 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 31,400.00 this day given by the said Mortgagor to said ASSOCIATION,arid 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 /> • 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 rate.
<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 thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> d this 28th da of January A.D.,19 76
<br /> ' James S. Gruntorad Caralee A. Gruntorad
<br /> STATE OF NEBRASKA;'ssof On this 28th da
<br /> COUNTY OF HALL y January 19 76,before me,
<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> James S. Gruntorad and Caralee A. Gruntorad, each in his and her or righht apersonally spouseo
<br /> of each other,
<br /> me to be the identical person S whose names are affixed to the above instrument as mortgagors and they severally ,.. •
<br /> acknowledged the said instrtunent to be their voluntary act and deed.
<br /> WITNESS my hand and Notarial Seal the date aforesaid.
<br /> My Commission expires / ,
<br /> ��GENEr OTt RY 14th
<br /> r.,e of r, /' fl r' %2.. ,./ 7 Notary Public
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