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76 000827
<br /> MORTGAGE
<br /> k: MORTGAGE LOAN NO. L 21,992
<br /> rl`.' KNOW ALL MEN BY THESE PRESENTS:That Donald F. Moss and Betty J. Moss, each in his and her
<br /> own"right and as spouse of each other, Mortgagor,whether one or more,in consideration of the sum of
<br /> '" Forty Thousand'Eight Hundred and No/100 DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 408 shares of stock of
<br /> said ASSOCIATION,Certificate No.L 21 992 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> idescribed real estate,situated in Hall County,Nebraska:
<br /> LOT SIX (6), IN IMPERIAL VILLAGE THIRD SUBDIVISION 1
<br /> CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<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,stovea,
<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 S 40,800.00 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 /> 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 premisesand 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,andnecessary
<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 raid 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 40,800.00 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 agreements and conditions of the Bond for S40,800.00 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.
<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 aid
<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 nut to exceed at any time the original amount of this mortgage.
<br /> Irlrted this 19th day of February \.D.,19 76
<br /> �-1.,•
<br /> Donald F. Moss Betty J CP,cs
<br /> , STATE OF NEBRASKA,
<br /> � * 19th dayof February`i COUNTY OF.HALL ss. On this 19 76 ,before me,
<br /> the undersigned,a Notary Public' and for said County,personally came
<br /> Donald F. Moss and Betty J. Moss, each in his and her own right and as spouse of each
<br /> ' other, vs`, who are personally known to
<br /> C me to be the identi rVoni..A4s,vt name S are affixed to the above Instrument as mortgagor s and they severallyti acknowledged tI ';y.iusNrllbtnilt0< .c; ei r voluntary act and deed.
<br /> '�T SS-tTy/ tdan I Seal the date aforesaid. j/ /L
<br /> -tz 1 cn t 5 PueZ 7X '7 5 /0
<br /> 33-73-2M r d,•••`c >,\'' .;Q Notary Public
<br /> t tflie ,, ryEBR�S�
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