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<br /> 78-+U02684
<br /> MORTGAGE �
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<br /> MORTGAGE LOAN NO. L Z3.09H MGIC � 3�;
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<br /> KNOWALLMENBYTHESEPRESENTS:That Clay K. Hagman and Deborah K. Hagman, each in his and
<br /> ;, her own right and as spouse of each other,
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<br /> ,��� � � Mortgagor,whether one or more,in consideration of the sum of �
<br /> ° Thirtv Eiqht Thousand Six Hundred Ffftv and No/100--------------------------------- not,l,Axs �
<br /> �,a loaned to said mortgagor by The Equltable Building and L,oan Association of Grand Island,Nebraska,Mortgagee,upon 38B sheres of stock of
<br /> � aaid ASSOCIATION,CertiFcate No.L 23,098 MGI C,do hereby grent, convey and mortgage unto the sald ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska: .
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<br /> i LOT FOUR (4), IN CAPITAL HEIGHTS EIGHTH
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<br /> SUBDIVISION, HALL COUNTY, NEBRASKA.
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<br /> :��j together with all the tenements,hereditaments and appurcrnances thereunto belonging,including attached floor wverings,all window screens, r °"F
<br /> ' �window shades,blinds,storm windows,awnings,heating,air wnditioning,and plumbing and water equipment and acceuories theroto,pumps,stoves, �`''
<br /> ��.r rofrigerators,and other fixtures and equipment now or hereafter attached to or used in connection wi[h said real cetate. � �r,`�r;.`
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<br /> :.i And whereas the said mortgagor has agreed and dces hcreby agree thal the mortgagor shall and will pay all taxes anG assessmrnts levied or
<br /> aaxssed upon said p�emises and upon this morigage and the bond secured thereby before the same shall become delinquenC to furniah approved : ;� s,,;,.:
<br /> � insurance upon the buildings on said premises situated in the sum of S 38,650.00 payable to said ASSOC[ATION and to deliwz to said 4 � ` w �:
<br /> ,�a . ASSOCIATION ehe policies for said insurance;and not to commit or permit any waste on or about said premises; Nfi����
<br /> ; Ia cau of default in the performance of any oC the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, ��.r
<br /> " on demand,be entided to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the ,,,.�^`
<br /> > � mortgagee all the rents,revenuea and inrnme to be derived from the mortg,aged premises during such time as the mortgage indebtedness shall remsin � � i '�-
<br /> �'� � unpaid:and the mortgagee shall have the power tu appoint any agent or agmts it znay desire for the purpose of repairing sald premises and renting �'�� �
<br /> �,j the same and collecting the rents,revenues and income,and it may pay out of said income aU expenses of repairing said premises and necessary�
<br /> �1 commissions and expenses incurred in rmting and managing the same and of collecting rentals thmefrom; the balance remain5ng,if aay,to be `
<br /> ;� � applied toward the dixharge 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 /> 1 These Presents,however,are upon the Condition,7'hat if the said Mortgagor shall repay said loan an or before the maturity of said shares by r
<br /> -.j. payment;pay mon[hly to said ASSOCIATION of the sum specified in the Bond secured hereby as iaterest and principal on said loan,on or before
<br /> .,i the Twentieth 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 �
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<br /> �,i � � and the Bond securod thereby,before delinquency;furnish approved insurance upon the baildings thereon in the sum of 5 38,650.00 payable
<br /> �i to said ASSOCIATION;repay to said ASSOC[ATION upon demand all money by it paid for such ta�ees,assessments and insurance with interest at
<br /> '-j [he maximum legal rate thereon from date of payment all of which Mortgagor hereby agrces to pay:permit no waste on said prertuus;keep and mmply �;
<br /> ��y with all the agreements and conditions of the Bond for S$8,650.�0 this day given by the said Mortgagor to said ASSOCIATION,and comply � �
<br /> S wi[h all the requirements of the Cons[itution and ByLaws of said ASSOCIATION: thm these prexnts shall bocome nuli and wid,otherwise they
<br /> shall rcmain in full force and may be foredosed at the option uf the said ASSOCIATION after failurc for three months to make any of sald .
<br /> ;��� � payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreemrnts and conditions of said Bond; � �
<br /> �� and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. � �
<br /> �x If�there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby �
<br /> : �i� secured shall,at the oplion of The Equitable Building and Loan Association of Crand Island,Nebraska,become irnmediately due and payable without . � �
<br /> � �further notice, and the amount remaining due under said bond,and any other bond for any additional advsnces made thereunder,ahalt,from the - �
<br /> �--i date of exercise of said option,bear interest at the mazimum legal rate,and this mortgaga may then be forecloud to satisfy the amount due on sald
<br /> S.{ bond,and any other bond for additional advanees,together with all sums paid by said The Equitable Building and Loan Association of Grand Ialsnd, � �
<br /> ,,1 � Nebnska for insurance,taxes and assessments,and abstrac[ing extension charges, with interest thereon, from date of payment at the tnaximum �
<br /> � legal rate. . � .
<br /> � As provided in the Bond ucuced hereby,while this mortgage remains in efFect the mortgsgee may hereaker advance additional sums to the
<br /> � . makers of said Bond,the'u assigns or succeswrs in interest,which sums shall be within the security of Uus moftgsge the same as the funds originally �
<br /> ,;;i � �. �secured�.thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage. - �
<br /> :,i Dac eh;s . 3rd aay or May � A.D.,i9 78 ,`
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<br /> . m � Deborah K. Hagman
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<br /> STATE OF NEBRASKA,t ffi. On this 3rd �Y of Mdy 19 ]$ .before me,
<br /> '� ,COUNTY OF HALL� � � � �
<br /> � . . the undersigned,a Notary Public in and for said County,personallZ came .
<br /> Clay K. Hagman and Deborah K. Hagman, each in his and her own right and as spouse of ''
<br /> , .. . .. . . . .. . who ape perwnally known to �,� .
<br /> � each other, �
<br /> :� me to be the ideaticsl peraon S whoae name S dY'E affixed to the above instrume ortgagor S �d they x�relly ^ '
<br /> � acknowledged the said ins[rument ro be LhE�t' voluntary act and deed. � *"� ���
<br /> ,i 6 1Vi1'NESS�hand and Notariel Seat the date aforessid. / , � • ? .�a..�
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<br /> r ��th . My��ominmeion expires �
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<br /> ; �Annes�•r < 4 �—''"G
<br /> � �My l:mnm.E p Nu�.1'1.1,`�7�''.�'� � �. Notary Public
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