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<br /> MURTGAGE
<br /> MORTGAG�LOAN NO. L 2�rO�JJ �
<br /> ,� KNOW ALL�IEN BY TFiESE FRESENTS:That Constan ce R. SCOt't� $ S 7 t19�E? pCl"50f1 � ��
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<br /> � Mortgagor,whether one or more,in conudention oF the aum of
<br /> ; Fifteen Thousand Two Hundred and NoI700---------------------------------------- noi,iaxs '
<br /> ,.;{. � loaned to said mort,gagor by The Equitable Building and C.oan Association of Crand Is2and,Nebraska,Mortgagee,upon ���J2 shares of steck of
<br /> � said ASSQCIATION, CeRiScxta No.[. 23,055 ,da hereby grant, convey and m�rtgage unto the said ASSOCIATION the following
<br /> ,�.`j� de5cribed real estate,situated fn Hall C:ounty,Nehraska:
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<br /> LOTS THIRTEEN (13) AND FIF"fEEN (1'5) IN
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<br /> BLdCK P(INE {9) IN UNVERSI'CY PLACE, AN
<br /> ;' ADDITION TO TWE CITY OF GRAND ISLAND,
<br /> ; HALL COUNTY, NEBRASKA. :
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<br /> ,{ together wieh all Ghr tenemants,hemditaments and appurtenances thercunto bdonging,induding aatached floor cover3ngs, all windaw seceens, '
<br /> ' window shades,blinds,storm windows,xwnings,heating,air conditioning,anii plumbing and water equipmentand accesspries thereto,pumps.stoves, �
<br /> , i rehigerators,and other fixturcs and equipmtnt nuw or hereafter atcached to or used in eonneciion with said real estate. j
<br /> ` -� �� And whereas thE said mortgagor has agteed and doas heteby agree Chat the mortgeKor shall and will pay all taxex and asse.smirnts levied ot '� t ,��?
<br /> t assesud upon said premises and upon thes mortgage and 3he bond sscured thereby before rhe same shall became delin.quent;to furnish approved ,
<br /> 7 insurance upan the build�ngs on said premises situated in Yhe sum�of S 1��2QQ.QQ payable to said ASSOCIATION and to delirer to said < < ��
<br /> . € . � ASSQCIATION the policies for said insunance;and not to commit or pzrmrt any wuie on or about said premius: :� �.
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<br /> ��f - In pu of default in the perfotmance of any of the terms and conditions of this mortgage or the bond secured hereby,.the morSgagee shall, : Cti
<br /> ' �. on demand,be entiUed to immediate pussession of�the mortgaged promises and. the martgagor hereby assigns, transfen �nd u[s ovet to the i >'�'�
<br /> tnoRgagee all the rents,revmua and incame to be detived from the�moztgaged premisss during such time as Che mortgage indebiedness shall remain s:
<br /> :3� � unpaid;and the mortgagee shall have ihe power to appoint any agent or agents it may desire for the purpou of repairing said premises and renting '� S �
<br /> the sanx and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premixs and necessary 7 ,C1.
<br /> �, � commissions and expenses iecurred in renting and managing the same and of wllecting rentals therefrom; the balance remaining,if any,to be � r�'�.
<br /> - ;j applied toward the discharge of said mortgage indebtedness;theu rights of the mortgagee may be exercised at any time during the existence of such r .�yij
<br /> .� default,irrespective of any temporary waiver of the same. � � _
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<br /> ; These Presents,however,arc upon the Condition,That if the said Mortgagor shall repay said loan on or beforc the maturity of said shara by ;
<br /> �� payment;pay monthly to said ASSOCIATION of the sum speciGed in the Bond secured hereby xs intercst and principal on said loan,on or before � �� �
<br /> :.i � �the Twentieth day of each and every month,until said loan is tutly paid;pay all taxes and asussments Ievied against said pmmises and on this Mortgage
<br /> t � � and the Bond secured thereby,before delinquency;fumish approved insurance upon the buildings thereon in the sum of S��J s 2�0.�� payable
<br /> '�`'. to said ASSOCIATION;repay to said ASSOCIA'f10N upon demand all money by it paid for such taxes,assessmrnts and insurance with intenrt at �"r
<br /> :� tbe maximum legal rate thereon from da[e of paymrnt ai�of which Mortgagor hereby agrees to pay:permit no waste on said premius:keep and comply `
<br /> with all the agreements and conditions of the Bond for S �5�2Q Q. Q this day given by the said Mortgagor to said ASSOCIATION,and tomply
<br /> �s� � with all the requirements of the Constitution and By-Laws of said AS�dCIATION:then theu preunts shall become null and wid,otherwise they .
<br /> ��� � shall�remain in !uU Corce and may be forecloxd at the option of the said ASSOCIATION aRer failure for three months to make any of seid � �
<br /> payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond;
<br /> .� sed Mortgagor agrees to have a receiver appointed Corthwith in such foredosure proceedings. .
<br /> ',�.� � IC there is any change in ownership of the rcal estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness�hereby �.
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebreska,become immediately due and payable without
<br /> � ''�� fwther notice,and the amount remaining due under said bond,and any other bond tor any additional advances made thercunder,shall,from the . �
<br /> ` date oC exercise of said op[ion,bear incercst at the maximum legal rate,and this mor[gage may[hen 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 Bw7ding and Loan Association of Grand Island,
<br /> � ,.�. Nebraska for insurance,ta�ces and asussments,and abstracting extension charges, with interest thereon, from date of payrttent at the ma�omum
<br /> � legal rate.
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> \ .1� roaken of said Bond,their assigns or successors in interest,which sums shall be within the:ecurity of this mortgsge the same as the funds originally .
<br /> Fsecured thereby,the total amount of principal debt not to eztted at any time the original amount of this mortgage.
<br /> Daad thia 315t. aey or March n.n.,i9 78
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<br /> � � Constance R. Scott
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<br /> SI'ATE OF NEBRASKA,t � On this 31 St. daY of March 19�$ ,befon me,
<br /> �� .cocnvrY oF rinr.z.j � �.�. �,
<br /> ,�^,� the undersigned,a Notary Pubiic in and for said County,personally came �
<br /> �i�� � R. $COtt� a singTe person, wno 75 personsllyknownto �,��,�„ `�!
<br /> C�p�Tle�ib�� itH ��twa � �whoae name� �� 7 5 af£ixed to the above instwnent as mortgagor and � She �� �.' �nl� n�
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<br /> �f ��Enowiedge�Yttti sai ent to be FI@ P wluntary act and deed. ���w
<br /> f� �� � �-NOTARY�� my hend and Notuial Sesl the date aforosaid. � M «,tv �,,�.
<br /> } � COMMiSS10[i� S ..., . ., ;�` J � � <.. �
<br /> 2 .� AEXPIRES �� -l�ty mmissionexp5res (�,,,• _ V�� i q g� I 1 � ��@/l� ,•Y'.
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<br />� ± ��.'•.C.�31��`�S��' O Notary Pubiic
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