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<br /> hfORTGAG@ LOAN N0.._L z2�123
<br /> IKNOWALL�iGNDYTHCSGPRtiSCNTS:Thet Russell J. Martinez and Lydia J. Martinez, each lfl h15
<br /> and her own right and as spouse of each other, Mortgagor,whcthcroneurmore,incmuideraliono(thesumof
<br /> �- Thir y-two Thoucand Eight H�ndred and NpJ100---------------------------------------DOL�n�ts
<br /> bnned io said mortgagor by The Gquitable Building and Loan Association o(Grand Island,Nebruska,�turtgagce,upon 328 shares of smck of
<br /> said ASSOCIATION,CerUficare No.L 22,�Z3 ,do hereby grant,convey anJ mortguge untu the said ASSOCIATION the lollowing
<br /> described real estate,situated in liall County,Nebraska:
<br /> LOT SEVEN (7) IN KNICKREHM EIGHTH ADDITION
<br /> TO THE CITY OF GRAND ISLAND, HALL COUNTY `
<br /> NEBRASKA.
<br /> together wi�h all the tenements,herediiamenis and appurtenances themuntu belunging,including attached Ilum co�erings,all windou•s:rcens, ,
<br /> window shades,blinds,storm winduws,awnings,heating,air conditioning,and plumbing and water equipment and accessories thercto,pumps,stoves, . � �
<br /> refrigerators,and other fixtures and equipment now ur hereafler attaclied to or used in connectiun wilh said real estate. � �
<br /> And whcreas the said mortgagor has agreed and does hereby agree tlt�t thc mortgagor shull and will pay all taxes and assessments le�4ed ur
<br /> assessed upon mid premises and upon this mortgage and the 6onJ secureJ thereby before the ssme sliall become delinquenC to(umish approved �
<br /> insurance upon the buildings on said premises situa�ed in die sum ot 5 3Z�8��.QD payable to said ASSOCIATIOh and to deli�ror[o said
<br /> ASSOCIATION the policies for said insuranee:and not to commit or permit any waste on or abuut uid prentises: .�
<br /> In wse o(Jefault in the performance of eny of the terms and conditions uf this murtgage or Q�e bond seweed hereby,the mortgagee shall, �
<br /> d�-' on damand,6e entided to immediale pussession u(thc mortgaged premiscs nnd the mortgagor hercby assigns, tran:fers and se[s uver to Ihe �
<br /> mortgagee all the rents,revenues and income to be deri�•ed(rom the mortgaged premises during such time as the mortgage indebtedness shall remahi �
<br /> ❑npaid;and the mortgagee shali have tho powrr tu appuint any agent or agents it may desirc for the purposo ol repairing said premises and renting
<br /> d�e same and collec�ing tl�e rents,ueenues and incoma,and it m�y pay uut of said inmme all ezpenses o(rep�iting said premises and necessary � .
<br /> commissiuns and expenses incurred in�enting and managing lhe santr and uC collecling renlals them(rom;the 6alance remaining,if any,tu be �
<br /> applied toward�he diuharge uC said mortgage indebtedness;these rights u(tlie enurtgagee may be exerciud at any time during tlm exisunce of such , .
<br /> default,irrespecti�•e uf any lcmporary waiver of ihe sama . �
<br /> Tliese Pcesants,ho�vever,are upon dte Condition,Thal if the said t�turig�gur shali repay said luan on m befure the maturity u(said sharcs by � � �� �
<br /> paymrnt;pay monthlq to said ASSOCIATION uf the sum specified in the 6und secu�ed hereby as interest and princiF:al un said loan,on or be(ore �
<br /> z.��� Ihe T��•entieth day uf each and erery month,until said lo�n is fully paid;pay all taxes and asussments Invied against said premises and un this\turtgagc -
<br /> , and the Bond secured lhereby,befure delinyuenc};(umish uppruveJ insurance upun the buildings thereun in tlte sum uf 5 3Z�8��.�� payabk .
<br /> � tu said ASSOCIATION;repay m wid ASSOCIATION upon Jemand all munay by it paid(or such tases,ussessments and insurance with in�ercst ut .
<br /> � tht maximum legal rate thereon from Jate of paymeni all o(whicfi Dlorigagor hereby�grecs to p�y:permit no waste on said promises;keep and comply �
<br /> with all the agrcements and cundiiions ol the f3ond for S 3Z BOO.00 ���is day given by the said 9furtgagor to s:iid ASSOCIATION,and mmply �
<br /> with all the requimmrnts uC the Conetitulion and By-Laws ors�id ASS(KIATION:then these prosents shall becume nul!and��uid,uthenvise they �
<br /> shall�cmain in(ull force and may bc iu�cdoud at�he optiun uf thc said ASS(X:IA'1lON a(tcr failurc for three mun[hs to make any of said
<br /> F: psyments ur 6c three months in arrears in ntaking said ntmuld)•paymeuts,ur tu Arep and cumply with the agrecmtnts and cunditions oi eaiJ Uund;
<br /> . and 6lurtgagor agrees to ha��c a receiver appointed fmthwith in such forecloswe pruccedings. �
<br /> If thcre is an��thange in uwnership ul U�e real csiate nw�tgaged liercin,by sale or o�henvise,then the entire rcmaining indebudness he�e6y .
<br /> ' ucured shall,at the opliun ol The Gyuitable BuilSing anJ Luan Assuciatiun of G�and Islsnd,\ebrasl:a,become immediately due andpayable�vitlwut
<br /> k� �� furthrr outice,and the amuunt remuining due unde�said bond,and any other 6und(or any additiunal ad�unces made therounder,shall,Gum the
<br /> ; � date o(exercise of said optiun,bear interest at die maximum Iegal rale,and ttiis morlgage may Ihen he fureclosed tu satisfy the amuunt due on said
<br /> bond,and any other bonS(or addiliunal ad�anas,logetl�er with all sums paid Uy said"fhe Equilable BuilSing and Loan Aswciation ul Grand Island,
<br /> Nebrask�(or insurance,taxes�nd asxssments,and abslracling extensiun charges,wittt intecest diereon, (wm date o�paqment at lhe masimum
<br /> � legai rate.
<br /> As p�ovided in the Bond secured I�ereby,while this murtgage remains in effect the morlgagee may horeafter adrance addi�ional sums tu the
<br /> � : makers uC said Uond,their assigns ur successoa in inlerest,which sums shnll be widiin�he security of this murtgage the same as the funds originnlly
<br /> securcd thereby,the tmal amuunt uf princip�l debt not to excecd at sny iime the uriginal amount oi this mortgage.
<br /> �c�a u,;< 13th ,d;�y-� May ,�.o.,i� 76
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<br /> Russell . Martinez � I L�ia J. Maf�tinez °_-%
<br /> STATE OF NEURASKA, ss. On this �3th day o( ���dY I9 ]( ,bc(orc me,
<br /> COUNl'Y OF HALL} �
<br /> ' �he unde�si�neJ,a Notary Pubtic in and(w said l'ounty,personallq came . � - .
<br /> Russell J. Martinez and Lydia J. Martinez, each in his and her own right and as spouse � ��,: �
<br /> of each other, ���10 are Pcrmnallyknoa•nto � � r
<br /> m , ��al perwng whosc name S d pe aCfixed to thc above instrument as mortgagor S and they scvcrnlly
<br /> � �p��F��iFit�i�'`n�s-trumrnt to be thei r voluntary act and deed, i'^ ' .
<br /> v � �`,� y � � >:WITM+�S my hand and Notarial Seal the date atoresaid. ` ; � -- �
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