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76- 040795
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<br /> MORTGAGE
<br /> – —JL .��' MGIC
<br /> ,r MORTGAGE LOAN NO.
<br /> KNOW ALL MEN BY'THESE PRESENTS:That Jerald J. Allen and Patricia L. Allen, each in his and
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<br /> her own right and as spouse of each other, Mortgagor,whether one or more,in consideration of the sum of
<br /> ii.AThirty-six Thousand and No/100 .DOLLARS
<br /> ,v-•-` loaned to said mortgagor.by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 360 shares of stock of
<br /> •-'> said ASSOCIATION,Certificate No,L 21 98B'IGIC,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> Vht„ described real estate,situated in Hall County,Nebraska:
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<br /> 'k`' LOT THIRTY-FOUR (34) IN SASS SECOND SUBDIVISION
<br /> "'' LOCATED IN SECTION FOURTEEN (14), TOWNSHIP ELEVEN
<br /> (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M.,
<br /> R,.. IN HALL COUNTY, NEBRASKA, ACCORDING TO THE
<br /> Y'' RECORDED PLAT THEREOF.
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<br /> is 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 /> .h` 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 /> ri 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 36,000.00 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 /> i" 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 /> +i' 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 gab premises during such time as the mortgage indebtedness spall remain
<br /> ti!-• 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 /> 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 /> Vit: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 /> ii' and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of 536,000.00 payable
<br /> •F';3 to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> tS` 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 /> f., with all the agreements and conditions of the Bond for S this daygiven bythe said
<br /> g36,000.0 Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Laws of said ASS IATION;then these presents shall become null and void,otherwise they
<br /> ?'g 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;
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<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 /> 0,- 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 /> A provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> g.' makers f said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally
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<br /> c secure• thereby,the tot. a ount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> Dated t 18th/ �a oo February -)A..D.,19 76 �/ /
<br /> r= erald J. Al en Patricia L. Allen
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<br /> §TATE OF NEBRASKA, :ss On this day ofFebruary I9 6 before me,
<br /> COUNTY orHALL — 18th 7
<br /> the ersi a Notary Public in and for said County,personallycame
<br /> •y,1s p^r Allen and Patricia L. Allen, each in lis ina her own right and as spouse of
<br /> 'Micro 9 v t who are personally known to
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<br /> r-,! ,..-peto'be tke,iden. al persons whose name S are affixed to the above instrument as mortgagor S and they severally
<br /> e r acknowledgedehe d instrument to be their voluntary act and deed.
<br /> i ESS any hand and Notarial Seal the date aforesaid. n1` L
<br /> Y Commission expires C�xa;, / t 1 i ` \ iP \V`1�Lo
<br /> 4 •-•-.2,7 (/J�' . iill / rotary Public .
<br /> •:\'3.73;2Mi.7,:,
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