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t x'61...0007,4 6,
<br /> 4 '!MORTGAGE _ _
<br /> tr MORTGAGE LOAN NO. L 21,984 MGIC
<br /> M
<br /> t KNOW ALL MEN BYTHESEPRESENTS:That: James:.R, Frank and Renee-T. Frank, each in his and her
<br />`•
<br /> own right and:`as spouse:of each:other
<br /> l Mortgagor,whether one or more,in consideration of the sum of
<br /> Forty Thousand Four Hundred.Fifty and.No/100' DOLLARS
<br /> 'loaned•to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 404 shares of stock of
<br /> said ASSOCIATION,Certificate No.L. 21,984 MGI Cdo hereby grant,convey and mortgage unto the said.ASSOCIATION the following
<br /> 3lst described real estate,situated In Hall County,Nebraska:
<br /> I' LOT THIRTEEN (13), IN BLOCK THREE (3) •
<br /> NORMANDY ESTATES, AN ADDITION OT THE
<br /> l'• CITY OF GRAND ISLAND, HALL COUNTY,
<br /> 4,;f-t-,
<br /> NEBRASKA.
<br /> gi
<br />.,3
<br /> togetherwith 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 />'+
<br /> t'„.4insuranceupon the buildings on said premises situated in the sum of S 4Q,450.00 payable to said ASSOCIATION and to deliver to said
<br /> LL, 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 /> y..:; 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 />�i 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 /> C: 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 /> tdefault,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 /> t 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 40.450.00 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 mid prntiscs;keep and comply _
<br /> with all the agreements and conditions of the Bond for S 40.450.0001hday given by the said Mortgagor to said ASSOCIATION,and comply
<br /> l with all the requirements of the Constitution and Bylaws 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 /> 14, 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 />.p, 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 /> 4 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 /> Dated this 13th , day Of February 19 76
<br />' % 8efnes R. rankc •
<br /> T "� Renee T. Frankt
<br /> 4k
<br /> Fgi' STATE OF NEBRASKA,
<br /> f ss. On this 13th day of February 19 76 ,before me,
<br /> ''. COUNTY OF HALL '
<br /> e - - the undersigned,a Notary Public in and for said County,personally came
<br /> James R. Frank and Renee T. Frank, each in his and her-own
<br /> ri.t, — _ •s spouse of each other who are personally known to
<br /> e v me -+ tlge Id .i • S whose name.S, affixed to the above instrument as mortgagor S and they severally
<br /> ey 1
<br />,' a diK said, nt to be their voluntary act and deed.
<br /> 2 ` WITNE¢S m�t hand and Notarial Seal the date aforesaid.
<br /> r
<br />, MyCPttlm[fsn expires % �1 �(A�� N
<br /> 14 Nt.
<br /> Jt 3.734M i I Notary Public
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