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<br /> 78�' UU0614
<br /> MORTGAGE
<br /> MORTGACE LOAN NO. � � ..
<br /> � IINOWALLMENBYTHESEPRFSENTS:That Eugene M. Essink and Sharon K. Essink, each in his and �� $
<br /> j her own right and as spouse of each other,
<br /> i. � Mortgegor�whether one or more,in consideratfon oF the sum of �- �' � �� �
<br /> ' Twpnt�/ Fi va Thn��cand Ci x Nundrarl and NOJ7�0-----_ ___ ��A� -
<br /> � loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon 256 shares of stock of
<br /> � said ASSOCIATION,Certificate No. L 22,990 ,do heroby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> '.� described real estate,situated in Hall County,Nebraska:
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<br /> :-3 LOT THREE (3) IN BLOCK FORTY-THREE (43) <;
<br /> IN RUSSEL WHEELER'S ADDITION TO THE CITY
<br /> �� OF GRAND ISLAND, HALL COUNTY, NEBRASKA
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<br /> �.j together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> � � window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and acceuories thereto,pumps,stoves,
<br /> ,� � refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. - �
<br /> �f � � And whereaz the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and auessments levied or
<br /> asussed upon said premises and upon this mortgage and the bond sec�d thrseb�.before the same shal!become delinquent;to furnish approved
<br /> insurance upon the buildings on snid premises situated in the sum of$ a bUl1 U Payable to said ASSOCIATION and to deliver to said
<br /> � . ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premixs;
<br /> In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> % on demand,be enti[led to immediate posussion of the mortgaged premises and the mortgagor hereby assigns, transfers and uts over to the �
<br /> 'i mortgagee atl the rents,revenues and income to be derived from the mortgaged premius during such time as the mortgege indebtedness shall remain �
<br /> ,1 unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpou of repairing said premius and rmting
<br /> } the same and collecting the rents,revenues and income,and it may pay out of said inwme all expenses of repairing said premises and necessary
<br /> i commissions and expenus incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to be
<br /> ' applied toward the discharge of said mortgage indebtedness;these rights of ffie mortgagee may be exercised at any time during the existence of such �
<br /> + default,irrcspective of any temporary waiver of the same. � �
<br /> These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or beforo the maturity of said shares by � i�
<br /> `€ � payment;pay monthly to said ASSOCIATION of the sum specified in the Band ucured hereby as interest and principal on said loan,on or before �
<br /> the Twentie[h day of each and every month,until said loan is fully paid;pay all taxes and asussments levied against said premises and on this Mortgage
<br /> t} and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of 525 s 6�0•�� payabie
<br /> i 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 paymenl all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply �
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<br /> with all the agreements and conditions of the Bond for S 25�60�.��this day given by the said Mortgagor to said ASSOCIATION,and eomply .
<br /> with all the requirements of the Constit�tion and ByLaws of said ASSOCIATION;then these presents shall bewme null and void,otherwise they - . �
<br /> :.�� shall remain in full force and may be forccloud at the option of the said ASSOCIATION after Cailure for three months to make any of said � - � �
<br /> payments or be three months in arrears in meking said monthly payments,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 foreclosure proceedings. ; � � �. �
<br /> -i If there is any change in ownership of the real estate mmtgaged heroin,by sale or otherwix,then the entire remaining indebtedness hereby � �
<br /> secured shatl,at the option of The Equitable Building and Loan Auociation of Grand I�land,Nebrasks,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 thercunder,shall,from the .. .:.
<br /> i date of exercise of said option,bwr interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on snid �
<br /> � bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island, � � � .
<br /> Nebraska for insurance,taxa and asussments,and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br /> J3 legatrate. � �
<br /> As protided in the Bond ucured hereby,while this mortgage remains in effeM the mortgagee may hereafter advance additional sums to the
<br /> r��� makers oC said Bond,the'u assigns or successors in interest,which sums shall be within the ucurity of this mortgage the same as the funds originally . �� �
<br /> .�. sectued thereby,the total amount of principa!debt not to exceed at any time the original amount of this mortgage. � � -
<br /> ::� Dated this 30th. aey ot January A.D. 9]$ � ^
<br /> :.S � � iics �� /��-. J . .i'/ � ���t_--�a�''�/1LUG�--
<br /> '� EOg e M_ Essink Sharon K.�in�k
<br /> � STATE OF NESRASKA> „z
<br /> S as• On this 30th. aey ot January 19 78 ,beFore me, ""�'"�'' �
<br /> COUNTY OF HALL}
<br /> � �� �� � � the updersi n ,a Nota Public" d for d Count rso came � � :��'�^
<br /> Eugene M. Essink and Sharon K. Essink, each in his a��her o�rn rig}�i� an�as s�dr�s`e o'� �,
<br /> . each othen, Who dre perwnallYknownto
<br /> :-me so be the;dent3cal : �"�*
<br /> . . person 5 . whose name 5 are aEfixed[o the above instrumenf�as mort�agor5 and they severepy . ,�,�i e
<br /> . .� acknowledged�the�.said inatrument to be thei r voluntary act and deed. � � ._� �*' w'�*�.
<br /> ! ' W[7TVESS my hand and Notarial Seal the date aforcuid. , �"i "
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<br /> � My Commieaion expires y.�, �[�A'{� /f./�}, //'�'J�
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