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76- 000778
<br /> --,,,, MORTGAGE
<br /> MORTGAGE LOAN NO. L 21,977
<br /> V KNOW ALL MEN BY THESE PRESENTS:That Rudolf F. Plate and Jeannice R. Plate, each in his and
<br /> her own right and as spouse of each other, and Tim C. Plate, a single person,
<br /> Mortgagor,whether one or more,In consideration of the sum of
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<br /> Seventeen Thousand Six Hundred and No/100 DOLLARS
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<br /> ,`; loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,htortgagee,upon 176 shares of stock of
<br /> said ASSOCIATION,Certificate No.L 21,977 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> 4' described real estate,situated in Hall County,Nebraska:
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<br /> siF LOT ONE (1) IN BLOCK SEVEN (7) IN SCHIMMER'S
<br /> ,.,. ADDITION TO THE CITY OF GRAND ISLAND, HALL
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<br /> .7',, COUNTY, 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.
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<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
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<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 17,600.UO 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 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 /> 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 /> it,: 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 /> r i default,irrespective of any temporary waiver of the same.
<br /> :', These Presents,however,are upon the Condition,That if the said Mortgagor gagor 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 /> 'r" 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 5 17,600.00 payable
<br /> Y' 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 17,600 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 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.
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<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 /> t 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 /> y, Dated this 10th day of February A.D.,19 76
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<br /> 1g1 e
<br /> Tim Plate
<br /> 91fPe, L ,
<br /> • -Jeannice R. Pla
<br /> • STATE OF NEBRASKA, ss. On this 10th day of February 1976 before me,
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<br /> COUNTY OF HALL'
<br /> ithe undersigned,a Notary Public in and for said County,personallycame
<br /> ,_; Rudolf F. Plate. anJeannice R. Plate, each in his and her own right and as spouse of
<br /> ', each other, an . Plate, a single person, who are personally known to
<br /> S'' the to be the identti o�5 GAS hose name 5 are affixed to the above instrument as mortgagor 5 and they severally •
<br /> a ;acknowled ed'tr
<br /> g Fparrttnleist SAbt��Iheir voluntary act and deed.
<br /> e , S my hon t aitd� ial Seal the date aforesaid. %
<br /> NOTARY • l // �f�jj ��--
<br /> MiCv�ttmissionexpireit 7r )g7.6 ,// /yl/lli�t -f/��y�G-i
<br /> 3732M ��f O''•/t, Notary Public
<br /> ....OF Nvki?J'4;"
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