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MORTGAGE •
<br /> } _ _. -_-__ __._T__.__-._.— _--_- ----._-_—. MORTGAGE LOAN NO. L 21,974
<br /> i ''_ KNOW ALL MEN BY THESE PRESENTS;That John M. Greene,.Jr. and JoAnne Greene, each in his and
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<br /> her own right and as spouse of each other, Mortgagor,whether one or more,in consideration of the sum of
<br /> Forty-six Thousand Four Hundred and No/100 DOLLARS
<br /> ;:i',.-; oaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 464 shares of stock of
<br /> said ASSOCIATION,Certificate No.L 21,974 ,do hereby grunt,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> ig: ..
<br /> LOT EIGHT (8), EXCEPT THE SOUTH ONE (1)
<br /> FOOT THEREOF, IN SPELTS-SCHULTZ ADDITION
<br /> TO THE CITY OF GRAND ISLAND, 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 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 /> E insurance upon the buildings on said premises situated in the sum of S 46,400.00 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 stall, •
<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 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 /> cified in the Bond secured
<br /> '- the Tsvenuent;etin day of av le each and everyto said month,until saiIATION of d loan is fully paid;pay t taxes and assessments cots levied against y as interest and said premises principal and on this Mortgage
<br /> and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 46,400.00 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 tate 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 546,400.00 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
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<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 Istand,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 tire Bonn 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 /> secure thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage,
<br /> this 4 , day P--- Fbruary A.D.,19 76 7 /
<br /> e,,g1
<br /> John M. Greene, Jr. f 6Anne Greene •
<br /> STATE OP NEBRASKA,
<br /> COUNTY OF HALL ss. On this 4thday of February 19 76 ,before me,
<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> John M. Greene, Jr. and JoAnne Greene, each in his and her own right and as spouse f
<br /> each_oxber, nare personally Known to
<br /> mgto hadellaiiiife77'tpersons whose name s are affixed to the above instrument as mortgagor s and they severally
<br /> acknowledged the said instrument to be their voluntary act and deed.
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<br />. .. .. WITNEdS my hand and Notarial Seal the date aforesaid.
<br /> My Commission expires( �\wY '' 4�I Aik . ..1U / \NotaryPublic
<br /> 3732M , 7./ .�
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