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<br /> AfORTGAGE LOAN N0, L 2P,340
<br /> KNOWALLMENDYTHESCPRGSGNTS:Thet Howard W. Legg and Lorena I. Legg, each in his and her
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<br /> OWO ri ght and as spouse Of edCh other, hfortgagor,whether one or more,in consideration of the sum of
<br /> ' Tnirty=one Thousand Five Hundred and No/100-----------------------------------------�LLnrts
<br /> loaned to said mortgagor by Thc Equitablc Building and Loan Asmciation oCCrand[sland,Nebraska,M1fortgagee,upon 315 sha�es of stock oC
<br /> �said ASSOCIATION,Certificate No.L q4n ,du hereby grant,convey and mortgage wrto the said ASSOCIATION the Collowing � �� - -
<br /> descri6ed real estate,situated in Hall�u��1Cy,Nebraska:
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<br /> LOT FOUR (4) WESTERN HEIGHTS THIRD
<br /> SUBDIVISION, IN NALL COUNTY, NEBRASKA. _
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<br /> �ogelher with all the tenemems,I�ercditamenls�nd appurienanres QiereuNo belonging,including x[tached fluor coverings,all window xreens, . . � .
<br /> Y winJow shaJes,blinds,siorm�vindows,awnings,l�eating,air conditioning,and plumbing end water equipment and accessories[hereto,pumps,stoves,
<br /> {� refrigerators,and uther fixtures and equipment now ur herealler at�ached to or used in wmiection with said real estate. .. � �
<br /> � And whereas thc said mor�gagor has ag�ced and does herzb}'agree that the mortgagor shall and will pay all taxes and assessments levied or � . . �
<br /> �'��� assessed upon said premixs and upon this morlgage and die bond secured thereby betbre ihe same shall become delinquent;ro fumish approved �
<br /> T , insurnnce upon thc buildings un saiJ premises situaccd in the sum of 5 31�500.�� p�vable to s:iid ASSOCfAT10N and to deliver to said
<br /> ASSOCIATION the poticies(or taid ineurance;and nut to cummit or permit any waste on ur about s�id pumises; �� . .� � . .
<br /> In case of default in!he perfmmance of any uf the terms and conditions of this murtgage or the bond secured hereby,the murtgagee shall, � � �
<br /> f� �� on demand,be cntitled to immcdiate possessiun o(�he murtgaged premises �nd the mortgagur hereby assigns, lransfers and sets over to the �� �
<br /> mongagee all the rents,revenues and income to be derived from lhe mortgaged premises during such time as the mortgage indebledness shall remain
<br /> � unpaid;and lhe mortgagee shull havc ihc power to appoint any agent or agenis it may desire for the purpose o(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 /> commissiuns and expenses incurred in renting end manxging ihe same anS uf collecting ren�als therefrom;the balance remaining,if any,m be � . - � �� -
<br /> applied toward ihe discharge o(said murlgage indebtedness;theu rights of the mortgagee may be exercised at any time during the exislence oC such . .
<br /> � deCault,irrespective of any tempurary waiver of the same. ' � .
<br /> �' � Theu Prcsenis,however,arc upon the Cundition,That iC the said Murigagor shall repay eaid loan on or be(ore the muturity of said sharos by �
<br /> � payment;pay mumhly to said ASSOGATION u(the sum specificd in the Bond secured hereby as intcrest and principal on said loan,on or be(orc
<br /> the Twentielh day of each anJ every mon�h,unlil s�id luan is full}•paid;pay xll taxes and asseesments levied�gxinst said premises and on tt�is\tortgage �
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<br /> �} and lhe Band securcd thereby,befure delinyuency;f�urnish approved insurance upon ihe buildings thereun in the sum of S 3� SOO.0(� PaYable . . � �
<br /> �. �o said ASSOCIATIO\:repay�o said ASSOCIATIO.�'upon demand all money by it paid fur such taxes,assessmems and ms�rance w�th interest at �
<br /> ��� � the maximum legal rate ihereon(rom date of payment all of which Dlurlgagor hereby agrees to pay;permit nu waste on said premises;keep and cumply � . � �
<br /> � with all�he agrerments and wndi�ions o(A�e Bond for S 3� 500.00 �his Jay given by the said�furtgsgoc to said ASSOCIATION,and comply
<br /> � aith�II the reyuircments of die Cunstitution and By-Laws of said ASSOCIATION:lhen ihese presenu shall become null and void,otherwise they
<br /> shall remain in full(oece and may be foreclosed at lhe option o(the said ASSOCIA7'ION aGer failure for three monihs to make any o(said �
<br /> payments or be three months in erre�rs in making said moNhly payments,or lu Aeep and comply with the agrcements and cunditions of said Bond;
<br /> � and htortgagor agcees io have a receiver appuinted torihwith in such foreclusure pmceedings.
<br /> ff Ihere is any change in ownership of the real estate mungagcd herein,by sale or otherwisz,then the entirc remaining indebtedness hercby
<br /> . secuced shall,at thr uption uf"fhe @yuitable 9uilding and Loan Aswciation uf Grand Islund,Nebrasl:a,become immediatdy due and payabie without
<br /> .h I'urther notice,and the amount cemaining due under:aid bonJ,anJ any other bund for any additional advances made thereunJer,shall,(mm the
<br /> dale of exercise of said option,bcar intc�esl at the maximum Icgal rale,and diis mortgage mey then be foreclosed[o satisCy the amount due on said
<br /> ; bond,and any other bund for additional advances,together with all sums paid by said The L'quitable Iluilding and Loan Associatiun of Grand Island,
<br /> , Nebraska for insurance,taxes and assessments,and abstracling cxlension charges,with interest thereon, fmm dare o(payment at the maximum
<br /> Icgalralc.
<br /> . As prorided in the Bond securcd hereby,while�his mortgage remains in effect the morigagee may hereaCcer advance aJditional sums to the
<br /> makers of saiJ DonJ,tlieir assigns or successurt in interest,which sums sliall be within lhe security o(this mortgage the ztme as the funds originally
<br /> � secured thereby,the total amuunt of principal debi nut to exceed at any time the original atnoun[of ihis mortgage.
<br /> o"��`i"S 16th �J �'YO� September G'—��16
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<br /> wE�d ar . egg Lorena . egg
<br /> S7'ATC OF NHBRASKA, ss. On lhis da o( t J ,before me,
<br />� COUNTY OF HALL} 16th Y September 76 �
<br /> � the un dersigned,a Notary Pu blic in an d(or sai d Countv,perwna l ly came . - `' . r��'��
<br /> Howard W. Legg and Lorena I. Legg, each in his and her own right and as spouse of each other, � N _
<br /> �� who dY'2 p:rsonatly known to . �
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<br /> me to be the idcntlwl persun S WtiosF namA�S�,Qh1tt, a(fued to the above instrumcnt as mort6�6o� S ��d th0y scti•erally �,
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<br /> acknowledged ihe said insirument W`�c�th2;11';;';•..'ve�fuhiary act and deed.
<br />;,z, WITNESS my h�aqd�Yo ial$eal lhe dbtw'(oresaid. � '
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