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<br /> MORTCACE
<br /> MORTGAGIi LOAN N0._ � Zz�097
<br /> KNOWALLMENUYTIIL'SEPRGSENTS:'fhat John W. Legg and Judith M. Legg, each in his and her own �
<br /> ° right and as Sp0U5e Of edCh OtheY', Mortgegor,whetheroneormore,inwnsiderationofthesumof
<br /> `' Twenty-four Thousand and No/100---------------------------------------------------not,�ntzs
<br /> '` loaned to said mortgagor by The Gquitable Duilding and Luan Association otGrand Island,Nebraska,Mortgagee,upon 24� shares of stock of
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<br /> said ASSOCIATION,Certific^te No.L 22�04� ,do hereby grant,convey and mortgage un[u the said ASSOCIATION lhe following . . .
<br /> described real estnte,si�uated in ilall County,Nebraska:
<br /> LOT NINETEEN (19), BLOCK fIVE (5), VALLEY
<br /> VIEW SUBDIVISION, BEING PART OF NORTH
<br /> <
<br /> 1,103.0 FEET OF EZ Of NE; OF SECTION
<br /> � TWENTY-TWO (22), TOWNSHIP ELEUEN (11),
<br /> NORTH, RANGE NINE (9), WEST OF THE 6TH P.M.
<br /> together with all Ate tenemenis,hercditamenls and appurlenances thereuntu belunging,induding attached floor cuverings,all window screens, � ��
<br /> window shades,blinds,slorm winduws,awnings,heating,air cunditioning,and plumbing end water eyuipntent and accessories thereto,pumps,stoves,
<br /> re(rigeralors,and other fixtums and equipmeut now or hereafter attached to or used in connection with s:iid real estate. � � .
<br /> And whereas the said mortgagor has agreed and Joes hereby agrce that the mortgagor sliall and will pay all taxes and assessmen[s levied or � .�
<br /> essessed upon said premises and upon this mortgage and the bond securcd thereby befure the same shull becume delinquent;to(umish approved
<br /> insurance upon the buildinge on said pcemises situated in thc sum ol'$2/} OOO.00 puYable tu said ASSOCIATION and to delivor m said
<br /> ASSOCIATION die policies for said insurance;and not to cummit or permit any waste un or about said premises; � �
<br /> In cuse uf default in ihe perCormance o(any uf the[erms and conditions of tl�is morigage or the bund secured Itereby,the mortgagee shatl, �
<br /> on dcmand,6e entitled to immediate possession of the murtgaged premises and lhe mortgagor hereby assigns, transCers and sets over to the �
<br /> modgagee all lhe rents,revenues and income to be derived(rom the mortgaged premises during such time as q�e murtgsge indebtedness shall cemain � -
<br /> unpaid;and Ihe mortgagee shall have the power to appuint any agent or agents it nmy desice(or tha purpose of repairing said premises anS renting �
<br /> the same and cullec�ing the rents,revenues and income,and it may pay out o(said income all expenses of repuiting said premius and necessary
<br /> commissions and expense:incurred in renting vnd managing d�e samc and o(collecting �entals thercfrom:the balance remuining.i(xny,to be
<br /> applied toward the discharge o(said murtguge indebtedness;�hese�ights of the morlgagee m�y be exercised at any time during the existence of such �
<br /> de(ault,irrrspective o(any�empurary waiver o(thc same. .
<br /> ` Thesc Yresents,however,are upun the Condi�ion,That i(the said\tongagur shall repay said loan on m beCore the tna[uriry of said shares by
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<br /> payment;pay monthly to said ASSOCIATION of the swn speciGed in the Bond secured hereby as interest and principal on said loan,un or beforc
<br /> the Twentieth day of each and every month,until said luan is(ully paid:pay all taxes end assesvnents Icvied against said premises and un this rlortgage .
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<br /> and the Bond secured thereby,before delinquency;fumish approved insurance upun the buildings dierewi in the sum o(S Z4����.�� p�yable . �
<br /> to saiJ ASSOCIATION;repay�o said ASSOCIATION upon Jemand all money hy it paid for such taxes,assessments and insurance Hi:h interest a! ' . �
<br /> � the mnximum legal rate thereon(rom dale uf payment all uf which 6lorlgagor hereby agrezs tu pay;permit nu waste un suid premises;keep and comply
<br /> with all the agrcemems:+nd conditions u(the eonS for 524+���•�� this d�y given by the said�tortgogor to said ASSOCIATION,and comply
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<br /> u•ith all Ihc reyuircments u(the ConstiWtion and By-Laws o(said ASSOCIATION:then these presents shall become null and�vid,utherwise they
<br />�, � shall remain in tull Poree and may be fureclused at the uptiun u(thc said ASSOCIA7'ION after failure fur three munths to make any u(said
<br /> � N:tyiiiciii5 i, 1!l: :!:.... ..... ••��n, �.1..� �FI„ . ,. . � :J�"."�.�'f�.wiiY 7� i.i����'c d�T2CP�iciiii uiiu�uliu�iiulia ui s:llu uuiiu.
<br /> and hlortgagur agrees�o�have a receiver appoin�ed Ibrihwil6 in sud��(ureclusuce proceedings....
<br /> � If there is any diange in ownership of the real es�_te mnrtgaged herein,by salc or otherwise,then the entire«maining indebtedness heceby
<br /> � securcd shall,at the oplion of 1'he EquiWble Building and Loan Association uf Grand Island,Nebraska,becume immedictely due and payable withuut
<br /> further notice,and thc amuunt remaining due undcr said bond,and any uther bond(or any additional advances madz q�ereundtr,shall,frum the
<br /> date of exercise uf said opliun,bear interest at the maximwn legal rate,and this murtgage may then be foreclosed to satisfy the amuunt due on said
<br /> bond,and any uther bond for edditional advances,todether with all sums paid by said The Equitable IIuilding and Luan Association uf Grand Islxnd,
<br /> _d_ - - - :.;� ; 'ro:: •�ate r.. � �i
<br /> � :tSra - .,r,rsurarcc, -,.�s aru a�.xssmcn•-, � o,..,.�actir,g cxten,ion c,�;,:g.s. „ ,.,..�..�, i�e.,. , e. ,.,^:en! 2. ie n��simu!n
<br /> legal ralc.�
<br /> As provided in the Uond secured hereby,while q�is mortgage remains in effect the murtgagee may herenfter advance sdditional smns to the
<br /> makers of said BonJ,lheir assigns ur successors in in�erest,which sums shali'oe within the security of this mortg:tge[he same as the Cunds ori�inally
<br /> ` � scc�red thereby,Ihe total amount of principal debt nul to exceed at any time the original amount of this mungage.
<br /> i����a u��5 2 th day uf Apri 1 n.n.,i� 76 .
<br /> '�-�,�. !I/f y ' '-�tc"t�� ,17/( �.'r:;i_
<br /> � John W. Legg � Judith M. Legg '�
<br />� ' STATEOFNLIIRASKA,,y ...�:; �Qth uq...a Onri� 1q76 ,6cCoreme,
<br /> COUNTY OF I(ALL���� V"� '"' r� i
<br /> . the undersigned,a Notxr Public in and for said County,personally came
<br /> John W. Legg and �udith M. Legg, each in his and her own rig�ht and as spouse of each N ,
<br /> , Othe who dre Pecsonally known to � .
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<br /> ,t0e'[�e t}ftCillk ermn 5 whose name S hc'E? a(fixed to the above instrument as mortgagorS and theY severally ,�.
<br /> . .h a�iwb%�dge�i#K�id trument to bc thei r voluntary act and decd. .�����` �
<br /> Pf l c>' ���q'(TI S my hznd and Notarial Seal the date aCoresaid. . � � ��.."
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