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<br /> t,fOR1'GAGIiL0ANN0. L ZZ,204
<br /> ; � I{NOWALLM1IL3NDYTfIGSL'PRGSf:NTS:'fhat David A. Ellington and Louise E. Ellington, each in his
<br /> and her own right and d5 spouse of each other, klortgagor,whcthcroneurmore,inwnsiderutionofthesumof
<br /> Twelve Thousand and No/100-------------------------------------------------------- D���Aas
<br /> loaned lo said mortgagor by The I;yuilable fluilding and Luau Assucia�ion of Grand Island,!�ebra�F:u,�fortgagee,upon �2Q shares of smck of . �
<br /> said ASSOCIATION,Certificate No.L Z2�2�4 ,do hereby grant, convey and nwrtgage untu thu saiS ASSOCIATION the Following
<br /> dcscribed real es�ate,siluated in Hall County,Ne6ruska: -
<br /> LOTS SEVENTEEN (17), EIGHTEEN (18) AND
<br /> NINETEEN (19) OF ROSS FIRST SUBDIVISION,
<br /> HALL COUNTY, NEBRASKA, LOCATED IN PART
<br /> OF THE NORTH HALf OF THE NORTHEAST QUARTER
<br /> OF THE NORTHWEST QUARTER (NZNE�;NW;) OF
<br /> SECTION ELEVEN (11), TOWNSHIP ELEVEN (11)
<br /> NORTH, RANGE TEN (10) 41EST OF THE 6TH P.M.,
<br /> HALL COUNTY, NEBRASKA.
<br /> Subject to a prior mortgage to the mortgagee herein
<br /> in the principal amount of $38,000.00 dated
<br /> January 15, 1976.
<br /> � lugether with all ihe tenemems,heieditaments�nd appurtenances thereunto belonging,including atmched tloor coverings,all window screens,
<br /> window shades,blinds,stonn windows,ax�nings,heating,air cunditioninE,and plumhing xnd water equipment�nd accessories thereto,pumps,smves,
<br /> refrigerators,and uther fixtures and eyuipmeN now or herealter attached tu or used in com�ection with said real estale.
<br /> And whereas thc said murtgagor has agrced and dues hereby agree tha� tlic mortgagor shall and will pay all taxes and assessments levied or
<br /> assessed upon said premises and upun ihis tnortgage and the bond secured U�ere6v betbre the same shall become delinquent;to f'umish approved �
<br /> insurance upon the buildings on said premiscs siivated in d�e sum of S �2�Q��.�0 payable to said ASSOCIATION and to deliver to said �
<br /> �; ;, ASSOCIATION the policics(ur said insur�nce:and nut�o commit or permit any waste on or about said premises;
<br /> . In cuse uf default in ihe performance o(any of the teems and conditions ul this mongage or the bond secured hereby,the mortgagee shall,
<br /> un demand,be enli�led W immediatc pussession uf the mortgaged premises and thr murtgaGur hereby assigns, trans(crs and sets over to the
<br /> � mortgagee all ihe rents,rerenues and income tu be derived(rum ihe murtgaged premiszs during such time as the murtguge indebtedness shall remain
<br /> unpeid;and�he mor[gagec shull ha�•e the power to appoint any agent m agents it may desire fur U�c purpose ot repairing said p:emises und renting �
<br /> the same and collecting the rents,rrvenues and income,and it may pay out ol'said mrome all expenses u(repairing ssid premises and neassary
<br /> mmmissions and expenses incurred in renting and managing the same and of cullecting rentals therefrom;the balance remaining,iC any,to be
<br /> � applied toward the discharge o(said mortgage indehtedness;these rights uf die nmrteagee may 6c exercised at any time during the existence of such
<br /> � default,irtespeciive o(any�emporary waiver oC the same.
<br /> . These Prescn[s,howevet,�re upun the Conditiun,That if the said Aturtg�gor sl:all rzp.iy said lo�n on or before the maturity u(said shares by
<br /> . paymen�;pay momhly to said ASSOCIATI04 uf the sum sprciiird in the liund m vred hereby as in[ercst and principal on said loan,on or beforc
<br /> thc T�rcmieth day uf each and even moNh,until said loan is lully paiJ;pay ull taxcs and ussessinents Icvied against said prcmises and on this lfurtgage
<br /> and the Bond secured thercby,be(ore delinyuency:lu�nisli appiuvrd insurance upon thc buildings thereon in ihe�um oC S�Z��QQ.QQ payable
<br /> io s�iJ ASSOCIATIOV;repay ro said ASS�CLITION upon dcmaud all money by it paid for such taxes,assessments and insurance with interest at
<br /> ihe maximum le@al r��c tl�ercun frum da�e of paymcm all of which!1lurtgagor here6y agrces to pay;pennit no waste un said premises:keep and cumply
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<br /> s - aiih all the agreemems and conditions of tl�e Uund(ur 5 12����.00����s day given by the said;�fortgugor io s:iid ASSOCIATION,and comply
<br /> � �ci�h all the requirements o(the Constimtion and ByLaws of saiJ ASSOCIATiOV;then these presents shall become null and void,otherN�ise they
<br /> - sh�ll remain in full furce and may be(oreclosed at the uptiun uf the said ASSO('IATION a(ter f�ilure for three munths w make any of said
<br /> � payments ur be threa moNhs in�nears in making said monthly paymcnts,or to keep and cumply with the agreements and conJitions of said fiund;
<br /> �� �nd�fongagor agrees to have a receivrr appointed(urthwith in such fnreclosure procecdings.
<br /> i(there is any change in ownership o(the real est�te mortgaged hcrein,by sale or uiherwise,then lhe entire remaining indebtednrss hereby
<br /> . securcd shall,at the upliun of The Gquitable Uuilding and Loan Association of Grand lsland,Nebra:ka,becume unmediately due and payable without
<br /> � furiher nutice,and the amuunt remaining duc under:aid bund,�nd any other bund for any additior�l advances made thereunder,shall,from the
<br /> � date of exercise of said optiun,bear interest at the m�ximum Iegal rate,and Ihis murtgage may then be Coreclomd to satisfy the amount due on said
<br /> � 6ond,and any other bund(or additiunal aJvances,together wiU�all sums paid by said 7�he L•quitnble Building and Luan Association of Crand Island,
<br /> , Nebraska(or insurance,taxes and assessments,and abstr�cling extension charges, �rith intecest thereon,from date of pxyment at the maximum
<br /> legalratc.
<br /> � As provided in the Bond ucured hereby,while�his mortgage remains in efl'ect the mortgagee may herea(mr advance additional sums to the
<br /> � mukers of said 13ond,their assigns or successors in interesl,which sums shall be within the security ot lhis murtgage the same as Ihe funds originally
<br /> ucured thereby,ihe tot�l amount u(principal debt not to exceed at any time the original amount of this mongage. �
<br /> urt�a u,�s 22nd d���r June n.n..�y 76
<br /> �,,-�.�� �J ��` ��
<br /> Dayid A. E1�ington�, . �
<br /> Louise E. Ellington `
<br /> STATE OF NEBRASKA,�ss. On tl�is 22nd day of June 19 �6 ,betore me,
<br /> COUNTY OF HALL ' �
<br /> the undersigned,�Notxry Public in and Cor said County,personally came _ ��'�����
<br /> David A. Ellington and Louise E. Ellington, each in his and her own right and as spouse ,�N:,:;-
<br /> of each other, "'�7O are personallyknownto �
<br /> c:'' I K
<br /> me to be the identical perwnS,�� { �hdsq��ti�e5 are affi�ed ro�he above instrument as murtgagor 5 and they se�emlly ;�,
<br /> acknowledged the saiJ m6trotitent to be '�.(lECar�„ voluntaq�act and deed. I'� '
<br /> WITY SS m' li�nd and Notar� �
<br /> �` y. �I b'�ul the date afbresaid.
<br /> � �ty(,pnunCssiUn expucs��` ;/� �7G ,1�sE�if O��/4�f/L� .� -�.
<br />� s.�.zn�a� Notary Public
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