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76- 000 706
<br /> MORTGAGE
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<br /> MORTGAGE LOAN NO. L 21,979
<br /> KNOW ALL MEN BY THESE PRESENTS:That Robert John Baker and Judy L. Baker, each in his and •
<br /> her own right and as spouse of each other,
<br /> Mortgagor,whether one or more,in consideration of the sum of •
<br /> Twenty Thousand and No/100 DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 200 shares of stock of
<br /> said ASSOCIATION,Certificate No.L 21,979 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> THE SOUTHERLY ONE HUNDRED ( S 100') FEET OF
<br /> LOT EIGHT (8), BLOCK ONE (1) LAt16EP.T'S ••
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<br /> SECOND ADDITION TO THE CITY OF GRAND ISLAND,
<br /> HALL COUNTY, NEBRASKA.
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<br /> togetherwith allthe 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 th,(Ctrf},ryh fore the same shall become.delinquent;to furnish approved _-
<br /> insurance upon the buildings on said premises situated in the sum of S d 0,UUU•UU payable to said ASSOCIATION and to deliver to:aid •
<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 he 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;aid income all expenses of repairine said premises and necessary
<br /> commissions and expenses incurred in=tine 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 Mortgaeor 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 S 20,000.00 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 ail the agreements and conditions of the Bond for S 2O 000.00 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 /> payments or be three months in arrears eer making said monthly payments,or to keep and comply with the agreements and conditions of said Bond:
<br /> and Mortgagor agrees to hove 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 Islend,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 cif 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 rums 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 /> Dated thi•s ,11,th ,day of February A.D,t976
<br /> t` 7,741-its--,
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<br /> Rooert John Baker Judy;L. Baker
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<br /> -STATE OFNEBRASK.A,. 11th February 76
<br /> ss. Ont s day of 19 beton me.
<br /> COUNTY OF HALL
<br /> the undersigned,a hota-,'Public in and for said County,personally came
<br /> • Robert John Baker and Judy L. Baker, each in his and her
<br /> .. r 9ht and as spouse of each other who are personal}yknownto
<br /> ; to be the rd mica-person s whose name S affixed to the above instrument as mortgagor s and they severally
<br /> ack,,noaledged thbsaid inntnimentto be their voluntary act and deed.
<br /> rrt ' 'i<7TNESs my hand and Notarial Seal the date aforesaid. •
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<br /> My Crmtmission expires . ,u,k 3, t‘.0 i., ut
<br /> 3732x1
<br /> \ Notary Public
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