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<br /> 78- vi��267
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. � 2Z,972 � . � ..
<br /> KNOW ALLMEN BY THESE PRESENTS:That 6era1 d R. Rugg and Ruth E. Rugg, each i n hi s and her
<br /> own right and as spouse of each other
<br /> ______Mortgagor_whether one or more,in consideration of the sum oF . � � � . � �
<br /> Fourteen Thousand Five Hundred and No/100---- mLLAt�s
<br /> loaned to said moRgagor by The Equitable Building and Loan Association of Grand lslnnd,Nebraska,Mortgagee,upon 145 shares of stock of . � �� ,
<br /> said ASSOCIATION,Certificate No. L 22�972 ,do hereby grant, wnvey and mortgage unto the said ASSOCIATION the following � ��
<br /> described real estate,situated in Hall Counry,Nebraska: � .
<br /> LOT FOUR (4) IN BLOCK SIXTY EIGHT (68) IN WHEELER & BENNETT'S
<br /> SECOND ADDITION TO THE CITY OF r,RAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<br /> together wiih all the tenements,hereditaments and appurtenances thereunto belonging,including at[ached fluor coverings,all window screens. � � �
<br /> window shades,blinds,storm windows,awnings,heating,air wnditioning,and plumbing and water equipment and accessuries thercto,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 mortgagur has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or . . .
<br /> asxssed upon said premises and upon thim murtgage and the bond secured thereby bef'ore the same shall become delinquent:to furnish approved � �
<br /> � � insurance upon the buildings on said premises situated in the sum of 514�5��.U� payable to said ASSOCIAI'ION and to deliver to said ' .
<br /> ASSOCIATION the policies for said insurance;and not to commit ur permit any wasce on or about said premises; . �
<br /> [n case of default in the performance of any oC the terms and conditions of this mortgage ur the bond secured hereby,the mortgagee shall, � � �� � � �
<br /> on demand, be entiqed to immediate possession of the mortgaged premises and [he mortgagor hereby assigns, transfers and sets over to the �_ . � �
<br />� mortgagee all the rents,revenues and income to be derived from the mortgaged premius during such time as the morigage indebtedness shall remain . � � �
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desize for the purpose of repairing said premises and rrnting . � � ,� �
<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 oC collecting rentals therefrom; the balance rcmaining,if any,to be � �. � �
<br /> applied toward the diuharge 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 sama � �� �
<br /> These Preunts,howeveq are upon the Condition,Th•et if the said Mortgagor shall repay said loan on or beforo[he maturity of said sharos by � �
<br /> payment:pay monthly to said P.SSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or beforo � � � .� .
<br /> the Twentieth day of each aad 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 ddinquency:furnish approved insurance upon the buildings thereon in the sum of 5 14.�J�O.0� 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 . � � �
<br /> the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply �� . . � ��
<br /> with all the agreemrnts and eonditions of the Bond for 4 14 a 500.��this day given by the said Mortgagur ro said ASSOCIATION,and wmply . � .� �. �
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION;then these preunts shall become nuli and void,othenvise thry .. �
<br /> shall rertmin in full force and may be foreclosed at the option of the said ASSOCIATION xfter failure for three months to make any of said . �
<br /> payments or be three months in arrears in making said monthly paymen[s,or to keep and comply with the agreements and conditions of said Bond; � - �
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such forectosure proceedings. � �
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,[hen the entire remaining indebtedness hereby . � ,
<br /> secured shall,at the option o(The Equitable Building and Loan Association of Grand lsland,Nebraska,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 forecloud 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 Aswciation of Grand Island, �
<br /> Nebraska for insurance,taxes and asseuments,aad abstracting extension charges, with interest theroon, from date of payment at the maximum . � . .
<br /> legal rate. � .
<br /> As provided in the Bond ucured hereby,while this mortgage mmains 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 /> sewred thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga �
<br /> � a cn;s r January A.D.,19�H
<br /> e g
<br /> Ruth; E. Rugg ` -
<br /> STATE OF NEBRASKA,�� o��t�s l lth day of January 197H ,before me, = ��'
<br /> � h
<br /> COUNTY OF HALL
<br /> �� � the undersigned,a Notary Public in and for said County,personalty came �
<br /> Gerald R. Rugg and Ruth E. Rugg, each in his and her own right and �s spouse of each
<br /> other I W o are P�rsonally known to ;
<br /> � �'���me to be the identical person S whox name s are affixed to the above instrument as"mortgagor S and th2}/ uverally �� � �
<br /> acknowledged the said lnserument to be thei r voluntary act and deed. )
<br /> � Wi1NESS my hand and Notartal Seal the date aforesaid. . �- �'
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<br /> My Commission erxpu�es � ��` L � J � �� �
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