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<br /> MORTGtGELOANNO L 21,994 MGIC
<br /> 0, H....-:••'iu.'..':KNOW ALLMEN BY THFSE PRESENTS:That.le Wil bur>D.•.-Nielsen--and•-,Conni e.R.' Nielsen, each in-his•.••, 2 .!- -..,
<br /> .1.,•••-..'.‘,-„,,-,.:.„-',;-:"-,..,...---.;',„'„:";-•.:-.f:.".•":.;,,,,--:,,,,•.-:':-..3;•:-,••-;,.,.-;-... ...:r. ••.• '• ' . . - ' :`•".. -•,..-:',-'.
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<br /> and her own right-and,:rai-. priuse.-of.-'eaCh.Other, Mortgagor-whether one or MOM'in consideration of the tutO of.'7' •.'''.'''
<br /> Twenty-eiiiht.Thotisand,Three-HUndred -Fifty'.and.No/100 . " ' ' 'DOLLARS:(,...,
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<br /> loaned to said mortgagor by The Equitable.Building and Loan Association of Grand Island,Nebraska,Mortgagee;upon..283 shares of stock of.,:,,•-,--,•-
<br /> e'.:.'-.sitirir.,ASSOC1ATION,Certificeie No.L 21,994MGICdo hereby grant;convey and mortgage unto the said.ASSOCIATION the following'',''‘'''.•''-.•'..: •
<br /> described real:estate,-Situated in Hall County,Nebraska::.
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<br /> LOT ONE .(1) IN BLOCK ELEVEN (11) IN BOGGS'f:AND.;
<br /> HILL'S ADDITION TO GRAND z• ISLAND, HALL COUNTY, • '•• •-•'•;':',"-:-' . .4.
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<br /> ..,-:!-?',, . - • NEBRASKA. • :•-,''
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<br /> .1,..- 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,.1',... 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
<br /> I;• 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 28,350,00 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 /> it,.• on-demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over-to the•:;2;
<br /> ..t. 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.,....., unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises andrenting
<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 />- rj.,... commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom;the balance remaining,if any,to be
<br /> Y., 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 /> .f,... default,irrespective of any temporary waiver of the same.
<br /> it., 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 /> ;.1 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-,
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<br /> and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S28,350.09, payable
<br /> ..:.' to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance wit interest at - •
<br /> 4. 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 28 35m 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 then these presents shall become null and void,otherwise they
<br /> i,- 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 /> 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 /> I secured thereby,
<br /> the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> *,•• Dated this 20th. dayof February
<br /> ..,.3.-... A.D.,19 76 •.
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<br /> P:7,--4-,-,--...", 4%52 ..4.3,e,Z.,".......si
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<br /> .ALI 1 bur D. Nielsen. Connie R. Nielsen
<br /> STATE OF NEBRASICAf
<br /> On this 20th day of February ig6 ,before me,
<br /> el, . COUNTY OF kali., -
<br /> ..;-- . • . the undersigned,*Notary Public in and for said County,personally came
<br /> t.-... . t-Vitibiir;.D.•::,Nielsen.and.Connie R. Nielsen, each in his and her own right-and as spouse of
<br /> .:— each'other.,-;•.,. :‘-. . -- - who are. personally known to
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<br /> ki.. . me to be the identical persons.. ;whose name S are. affixed to the above instrument as m•i• goes and they severally
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<br /> . acknowledgedd ilia t their voluntary
<br /> ,..• the sai tftmen to be act and deed.
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<br /> . WITNESS my hand and Notarial Seal the date aforesaid.
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<br /> AO4c , •• My Commission expires-
<br /> Notary Public
<br /> 3.:XNERAL NOTARY.State of Nebr. C.1414-t")- /2', /4 7 "I°1" 4;1/7°P. ---""r
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<br /> .• . to yJACoMmEmS.YE:(0..014LoyS.01N2,1979
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