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<br /> 7b 000748
<br /> MORTGAGE, --' — —_ -- .
<br /> ---,-- MORTGAGE LOAN NO.
<br /> L 21,985
<br /> it •
<br /> KNOW ALLMENBYTHESE PRESENTS:That Richard R. Robertson and Sheila K. Robertson, each in
<br /> his and'her own right and as spouse of each other,
<br /> na
<br /> r Mortgagor,whether one or more,in consideration of the aunt of
<br />�; Seventeen Thousand Two Hundred Fifty and No/100 DOLLARS
<br /> s loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 172 shares of stock of
<br /> iT`: said.ASSOCIATION,Certificate No.L 21,985 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> i}' described real estate,situated In Ball County,Nebraska:
<br /> P
<br /> is
<br /> s;
<br /> ire`
<br /> w_ LOTFIVE (5) I'N BLOCK ELEVEN (11)
<br /> r' IN SCHIMMER'S ADDITION TO THE CITY
<br /> OF GRAND ISLAND, NEBRASKA.
<br /> 3:>
<br /> r,;
<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br />°'t' window shades,blinds,storm windows,awnings,beating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br />(4', refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />',,;i:„.' And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes andassessments levied or
<br /> assessed upon said premises and upon this mortgage and the bond secured thereby before the sante shall become delinquent;to furnish approved
<br /> Vii•:. insurance upon the buildings on said premises situated in the sum of S 17,250.00 payable to said ASSOCIATION and to deliver to said
<br />;a; 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 tenor 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 be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />)1.,:,..
<br /> = unpaid;and the mortgagee stall have thepower to appoint an agent or agents it maydesire for the purpose of repairing said remises and renting
<br /> ': p' income, Y B P P P B P
<br />=:, the same and collecting the rents,revenues and 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 ex:rcised at any time during the existence of such
<br /> default,irrespective of any temporary waiver of the same.
<br />`}; These Presents,however,ate upon the Condition,That if tire said Mortgagor shall repay said loan ors or before the maturity of said shares by
<br />?;; payment;pay monthly to said ASSOCIATION of the suns specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> fir. 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 1 7 250. (n� payable
<br /> ' to said ASSOCIATION:repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and rnsdrance vTrth 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 /> •t•
<br /> ,; with all the agreements and conditions of the Bond for 5 17 2;n nn this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> 4' with all the requirements of the Constitution and By-Laws of 3artf SSUCIATION:then these presents shall become null and void,otherwise they
<br /> Wr shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure fur three months to make any of said
<br /> l='
<br /> payments or be three months in arca;:a making said monthly payments,or to keep and comply with the agreements and conditions of said Bond;
<br /> fand 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 /> 1T; secured shall,at tire option of The Equitable Building and Loan Association of Grand Island,Nebraska,beconte 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 /> f"" 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 /> t*' bond,and any other bond for additional advances,together with all sums paid by said The Equitable Budding 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 ntaxinmrn
<br /> ..1.-,. legal rate.
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to tire
<br /> f'•, makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the sante as the funds originally
<br />`4 secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> ' Dated this tday of February A.fl.,19 76
<br /> '1.�'F'�/t r') —/ t-e/7---/-- / r-
<br /> Richard R. Robertson `-Sheila K. Robertson
<br /> .y:,.
<br /> STATE OF NEBRASKA, 19 76 ,before me,
<br /> V..:, ss. Ontms 16th dayof FEbruary
<br /> r COUNTY OF HALL
<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> �,
<br /> Richard.R. Robertson and Sheila K. Robertson, each in his and
<br /> , who are personally known to
<br /> '.,i; fuer own right and as spouse of each other
<br /> .�,t.�, tae to be the identical person S, whose name S affixed to the above instrument es mortgagor S and they severally
<br /> a'' acknowledged the said instrument to be their voluntary act and deed.
<br /> WITNESS my hand and Notarial Seal the date aforesaid. �/�
<br /> My Commission expires 'G/! J '''''',274,..r Y ' Notary Public• 1
<br /> (,.' 3-7&2fj1 ;rNrcS+nn 5 y C;ie of N,hr,
<br /> "'i5 My Cum'n Cu" 'rot.1_',iSl1
<br /> o — n
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