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f- 76- 000783
<br />,,. MORTGAGE _, _ .
<br /> MORTGAGE LOAN NO. L 21,981 MGI C
<br /> KNOW ALL MEN BY THESE PRESENTS:That Floyd C. Lundy and Jane A. Lundy, each in his and her own
<br /> right and as spouse of each other,
<br /> _ Mortgagor,whether one or more,in consideration of the sum of
<br /> t
<br /> Thirty-five Thousand Nine Hundred and No/100 DOLLARS
<br /> a„ loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 359 shares of stock of
<br />#j.:' said ASSOCIATION,Certificate No.L 21,981 MGIC ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br />'4y; described seal estate,situated in Hall County,Nebraska:
<br /> LOT THIRTY-SEVEN (37) CAPITAL HEIGHTS SEVENTH
<br /> SUBDIVISION, HALL COUNTY, NEBRASKA.
<br /> r,
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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 /> insurance upon the buildings on said premises situated in the sum of$35,900,00 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 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 />;z;': 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 /> s- ' 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 /> 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 35,900.00 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 all the a reements and conditions of the Bond for S0n0(� 0(�0(�this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Laws 35f aiidAS'SOCIATLON: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 /> 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
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<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 /> d • 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 /> ?'s secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> Dated this 11th day of February A.0.,19 76
<br /> Floyd C. Lundy mane Lund
<br /> •f
<br /> STATE OF NEBRASKA, 11 th February1976 before me,
<br /> r ss. On this day of
<br /> COUNTY.OF HALE
<br /> F.. r-. :. i the undersigned,a Notary Public in and for said County,personally came
<br /> Floyd C. Lundy,and Jane A. Lundy, each in his and her own who are peraonauyknpwntn
<br /> right and as spouse of each other
<br /> , -me to be the identical persons whose name$ affixed to the above instrument as mortgagor S and they severally
<br /> .-acknowledged the said instrument to be their voluntary act and deed. 0111 _
<br /> •.3-:. WITNESS my hand and Notarial Seal the date aforesaid. ' 7(t--2-0—cik
<br /> MyCpiionexires G3
<br /> GENERAL NOTARY•Sten N Nobr. //�f/y/� Notary Public
<br /> SAM S i- CLJ • O�-va• /Yi /l!7
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