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<br /> 76. 001473
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO.. L 22,033 —
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<br /> KNOW ALL MEN BY THESE PRESENTS:That Derald W. Deselms, a single person, . ,, . ,,.. ..,
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<br /> „:.., Mortgagor,whether one or more,in consideration of the sum of
<br /> Fifteen Thousand and No/100 DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand island,Nebraska,Mortgagee,upon 150 shares of stock of
<br /> said ASSOCIATION,Certificate No.L 22,033 do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County.Nebraska:
<br /> LOT FOUR (4) IN BLOCK FIVE (5) IN CHARLES
<br /> WASHER'S ADDITION TO THE CITY OF GRAND
<br /> 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,stoves,
<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 wall 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 5 15,000:00 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 /> 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,arc 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 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 5 1 5,000.00 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 y��"
<br /> the maximum legal rate thereon from date of payment all of w high Mortgagor hereby agrees to pay;permit no waste on said premises:keep and comply .t,
<br /> with all the agreements and conditions of the Bond for 5 15,000.00this day given by the said Mortgagor to said ASSOCIATION,and comply Lex
<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 atter 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 suds 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.Ncbraska,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 /> secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> Dated this 19th day of March :t.D..l° 76 ;.l
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<br /> Derald W. Deselms
<br /> STATE OF NEBRASKA,C S On this 19th day of March 19 76,before me,
<br /> COUNTI'OFHALL
<br /> the undersigned,a Notary Public in and for said County,personally came I '
<br /> t Derald.Ii. Deselms, a single person, �x who 1 S personally known to _ .>
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<br /> t "` ,-1i,• non whose name j S affixed to the above instrument as mortgagor and he ver* D,v.., L
<br /> ra« wis eaS aid i'�rumeot to be hi S vohmtary act and deed. :„.,,,l'ifi.,. ..
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<br /> * r �, :y h1 my hand and Notarial Seal the date aforesaid. 1, a j
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