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<br /> 78-� 'UO2� 24
<br /> ;� MORTCkGE ' ' � .
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<br /> MOIZTGAGE 40AN NO. 1 Z3�Q6O � ,i
<br /> : � � ,� y,
<br /> ' KNOWALLM�NBYTHESEPRE5Eh'TS:Thst Robert John Ba:ker dnd Jwdy f,, Baker each in his and '„
<br /> ' he'r own right a�d as spouse of each oth2r
<br /> t'.� . A4orGgsgor,wherhsr one qr mure,in consideration of tht su�n qf �
<br /> Sixtu Fbur Thousand and No/lOU----------.----�----------__..--------- -------------noc.tntts , : �-
<br /> � loaned to said mortgagor by 7he Equitable Building and Li�an Association of Grand.Island.,Nebraske�,Mortgagtr,upon 6Q'� shares of stock of
<br /> said ASSOCIA'r10N.Certifiwte No,L z3 s�60 ,do hereby granf, cont^ey and moRgage unto the said ASSQC[ATIUN the foIIowing
<br /> described reaf rstate,si'Cuated in Hall Cuunty,Nebraska�
<br /> LOT TWE'NTY ONE (21), IN BLQCK 7W0 (2), IN
<br /> i REPLAT OF RIVERSIDE ACR,ES, AN ADDITTON Tp
<br /> TME CITY OF GRAND ISLAND, NEBRASICA AGCORDING
<br /> TQ THE RECORpED PLAT TMEREOF. �`�
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<br /> � togexher wiYh d11 4he ten.ements,fieredit�ments and appurtenanccs thereunto bel�nging, including attached iloar cov�rings,a11 wSndow screeq5: � � .°�.:':
<br /> window shades,blinds.,storm windaws,awnings,heating,a�r cond�itianing,.and pluMbing and water equiprnsn�t amd apctxsorits�thcreto,;�umps,stovrY�, � 'e
<br /> reLrigerators,and n�her�xt��.ures and equipmenc now or hereafter attached to or use3 in cunnectican wiYh said reat estata , i� �;
<br /> ;� �ad whereas the sa.id mac[g:tgor has agreed and does hereby�agres that t�he moezgag�r shall and will pey alf taxes and assessments lee4ed nr �
<br /> assessed upon said pretrtises and upon this mai-tgage and the bond seGyrgd e edy before�the same shall Mecame delinqurnt;to furniah approved
<br /> ,� inatuance upon[he buildings on said premises situated in�the sum of 5 b4 s���.U� p��yabla to said ASSOCIpT10N and to deliver So sa�d.
<br /> : � ASSQCIA7[ON Che paliolqs for said insurarlce;.and not to commit or perttvt any waste on.o.r about said premnses; ,ti
<br /> � . In ca3e uf defaull in the performance of any of the tezms anii cnndiiions of�this�mar[Kage or the band sewred hereby,the mortgsg,ee shall,
<br /> on demand,be entitled to immedi�te posse3sion of the mortgaged premises and che mortgagor hereby assigns, transfen and sexs over to lhe
<br /> �� mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain i v�_
<br /> unpaid;and the martgagee shsll have the power to appoint any agent or agents it may desire for the purpou of repairing said premisee and rcnting '
<br /> � the same.and collecting the rrnts,revenues and income,and it may Pay out oC said income all expenxs of repairing said premixs and necessary '��`
<br /> commiasions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balantt remaining,if any,to be
<br /> :� � apptied toward the d'ischarge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the esistmce of such �
<br /> default,irrespective of any temporary waiver of the same.
<br /> 'I'hex Prcsents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of raid shares by :�i
<br /> Y payment;pay monthly to said ASSOCIATION of the sum specified in the Bond sewred hereby as interest and principal on said loan,on or before c,,',.
<br /> the T\vtntieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage n .�
<br /> � and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S G4����.�Q payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,asxssments 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 compty
<br /> with atl the agreements and conditions of the Bond for$ 64����.�Qhis day gi.ven by the said Mortgagor to said ASSOCIpTION,and comply �
<br /> � � with all the requirtmmts oF tht Constitution and By-Laws of said ASSOCIATION;then these presents shall become null and roid,othe[wix they �
<br /> � shalt remain in fnll force and may be forcclosed at the option of the said ASSOCIATION after failurc for three months to make any of said � _
<br /> � payments or be[hree months in arrears in making said mon[hiy payments,or to keep and comply with the agreements and conditions of said Bond; -
<br /> j . and Mortgagor agrces to have a receiver appointed for[hwith in such fomclosure proceedings. �
<br /> �.. if there is any change in ownership of the teal estate mortgaged herein,by sale or otherwiu, then the entire remaining indebtedness hereby
<br /> � , secured shall,at tiu option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without �
<br /> further notice,end the amoun[ remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the � �
<br /> date of exercix of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed 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 Bwlding and Loan Auocistion of Grand Island, � �
<br /> � Nebraska for insurance,taxes and assessments,and abstracting extmsion charges, with interest thereon, from date of payment at the maximum
<br /> legal rate_� , .
<br /> .�. As provided In the Bond xcurcd hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the � ��
<br /> makers of said Bond,the'u assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally �
<br /> � . secured�thereby,the[otal amount of p'ncipal debt not to exaed at any time the original amount of this mortgage. ,
<br /> a ctus 12th �oe Apri 1 A.D..ie 78
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<br /> ' dy�:t. aker � � � � �-•
<br /> STATE OF NEBRASKA,�� o„�h;, 12th day of Apri 1 �s78 ,before me, "Y~�
<br /> '� COUNTY OF HALL
<br /> ^ ` �� the undersigned,a Notary Public in and for said County,personally eame � �+
<br /> Itobert John Bakerand Judy L. Baker, each in his and her own right d as spou ch � f •
<br /> � i ptheX' _ �i'o �Segso�afiy�iown to �:
<br /> .�. .me to be the identical pecroa5 whose name5 dT'e affixed to the above instrument as ortgagorS and tf7ey severally ��w�i:
<br /> '' a�knowledged the�aid inatruinent to be OLLr wtuntary act and deed. —� �`: '
<br /> , ' : . f,�' �.�a :f
<br /> . .�. WITNESS my.hand and AIotarisl Seal the date aforesaid. , `j -�
<br /> b!y CommisaS
<br /> . _ � � � � . �. CEMEMF#OiANY-StaG.ol..Nabns4r . � � �� � � �
<br /> .�'Fl��-. . , . JOYM..BEA2LEY
<br /> � . . . My Comm.Exp_Sept 1.1981 � 1 .
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