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76- 000986
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 22,005
<br /> INOWALLMENBYTHESEPRESENTS:That Gary L. Eilenstine and Linda L. Eilenstine, each in his
<br /> s,j and her own right and as spouse of each other, Mortgagor,whether one or more,inconsidereono
<br /> tlfthe sum af
<br /> Twenty Thousand and No/100 DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 200 shares of stock of
<br /> rra said ASSOCIATION,Certificate No.L 22,005 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> r•' described real estate,situated in Hall County,Nebraska:
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<br /> ri. LOTS FOUR (4) AND FIVE (5) IN DEAN'S SUBDIVISION
<br /> %:• OF LOT SIX (6) IN FAIRACRES SUBDIVISION LOCATED
<br /> IN SOUTHWEST QUARTER (SW;) OF SECTION THREE (3),
<br /> -" TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST
<br /> OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA.
<br /> %F,. together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> 4iii, 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
<br /> tie,' assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved
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<br /> - insurance upon the buildings on said premises situated in the sum of S
<br /> 20,000.00 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 /> t,Zr 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 /> s- on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> G,, 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 /> 1a,, 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 /> 14 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 /> l? 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 /> Y. 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
<br /> ;" Y. q y approved insurance upon the buildings thereon in the sum of$ 20,000.00 payable
<br /> y•f„p, to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> :1.. 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 complywith all the agreements and conditions of the Bond for s20 000.00 this daygiven bythe said
<br /> Mortgagort to said ASSOCIATION,o,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 /> -y, 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
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<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 /> t. If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby
<br /> Vi11::, secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> z'' 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 wt h all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br /> $i„:„ 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 /> 'sr.- 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 /> c+" 7th
<br /> �jDated thisday of February A.D..19 76
<br /> pay .o
<br /> �te nda� �`
<br /> nn,.. Gary b Eilenstine Linda L. Eilenstinep
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<br /> •STATE OF NEBRASKA,
<br /> i' ss, On this 27th day of February 19 76 ,before me,
<br /> " COUNTY OF HALL
<br /> C the undersigned,a Notary Public in and for said Count
<br /> Gary-L. Eilenstineand Linda L. Eilenstine, each in his and her own right and as spouse of
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<br /> P '. each other i - sY.,,,sr:.--...c.:7_,,, who are personally known to
<br /> me to be the identical peraosi5 P,%1--wnoselrtt5 are affixed to the above instrument as mortgagors and they severally
<br /> " ' acknowledged the said in �otrobe drfi&7 � voluntary act and deed.
<br /> WITH f�fitful ancgtlo4arlal SL the date aforesaid. C
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<br /> 3732M %1:• 'i`'. Notary Public
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