|
•
<br /> 1`,- '00
<br /> i 7b•.
<br /> 1091
<br /> •
<br /> . f MORTGAGE
<br /> c r. MORTGAGE LOAN NO. L 22,014
<br /> lfi,, KNOW ALL MEN BY THESE PRESENTS:That Fred L. Carlgren and Carol Carlgren, each in his and her
<br /> own -
<br /> right and as s ouseof each other,p Mortgagor,whether one or more,in consideration of the sum of
<br /> Fifty-three Thousand and No/100 DOLLARS
<br /> h*i> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 530 shares of stock of
<br /> .r,% said ASSOCIATION,Certificate No.L 22 0 4Q ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> IV::. described real estate,situated in Hall County,Nebraska:
<br /> rx,
<br /> his
<br /> ti
<br /> 5 LOT THIRTEEN (13), BISHOP HEIGHTS SECOND
<br /> 7
<br /> . r; SUBDIVISION, HALL COUNTY, NEBRASKA.
<br /> i,,
<br /> r,
<br /> .t.,:.,
<br /> '4,
<br /> '.'j 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 /> ;I; refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> .al
<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 /> is 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$ 53 000.00 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 /> `' 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 premises and renting
<br /> . i" 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 /> 2`l default,irrespective of any temporary waiver of the same. .
<br /> s',;: 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 /> E. 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 53,000.00 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 /> mm
<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 /> ,k with all the agreements and conditions of the Bond for$ 53,000.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and Bylaws 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 /> 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 /> Iry 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 /> :12.• date
<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 /> a- legal rate.
<br /> t 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 not to exceed at any time the original amount of this mortgage.
<br /> t -r
<br /> Dated this -• day of Ain i c is A.D.,19 7 6
<br /> z.,« ter..Le t%(l�Ex-,t_l-��
<br /> ji Fred L. Carlgren) Carol Carlgren J
<br /> Ktc
<br /> •
<br /> k� STATE OF NEBRASKA,
<br /> at COUNTY OF HALL ss. On this 2nd day or March 19 76 ,before me,
<br /> a`z the undersigned,a Notary Public in and for said County,personally came
<br /> %y Fred L. Carlgren and Carol Carlgren, each in his and her own right and as spouse of each
<br /> •• oth- who are personally known to
<br /> �l lt�thM.ti.
<br /> t:rsons whose names are affixed to the above instrument as mortgagor S and they severally
<br /> k= ck c t
<br /> gr�g��tbgaQ•lit ry meet to be their voluntaact and deed.
<br /> 1 i .• IAN `• my hand and Notarial Seal the date aforesaid.
<br /> i
<br /> f' i L coNOTARY DklY tqr; 'on expires 11, _ t
<br /> EXPIRES S , ^ t GV1 ` Y ll t e t
<br /> ,t %_��,Cfe. 97/,. (( �) N ary Public
<br /> Si, 'WAS"' 1� Z,
<br /> tt9 OF NEBQ�S
<br />
|