� �
<br /> 7s-f3030(�4
<br /> MORTGAGE
<br /> ,( MORTGACF.LOAN NO.L Z3,��Z MGIC :
<br /> KNOWALLMENBYTHESEPRESENTS:That Stephen R, Speck, d single P21'SOCI
<br /> �� _Mortgagor,whether one or more,in consideration of the sum of -��
<br /> Thirteen Thousand Fifty and No/100-------------- ooLLAas '
<br /> loaned to said mortgagor by The Equitable Building and Luan Association of Crand(sland,Nebraska,Mortgagee,upon �3� shazes of stock of .� � �
<br /> said ASSOCIATION, Certificate No. L23���2 MGI C ,do hereby grant, convey and mortgage unto the said ASSOCIATION the fotlowing �
<br /> described real estate,situated in Hall County,Nebraska: ��
<br /> THE SOUTHERtY SEVENTY-EIGHT (S. 78') FEET
<br /> OF LOT ONE (1), IN BLOCK SIX (6j, IN THE '
<br /> ORI6INAL TOWN, NOW CITY, OF GRAND ISLAND,
<br /> NEBRASKA.
<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,induding attached floor coverings,ell window sczeens, . ''
<br /> , window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thercto,pumps,stoves, . � -�
<br /> . rofrigerators,and other fix[uros and equipment now or hereafter attached to or used in connectiort with said real estate. .
<br /> . And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and asseuments levied or
<br /> assesud upon said premius and upon this mortgage and the bond xcured thereby before the same shall become delinquent:to furnish appzoved � -
<br /> � insurance upon the buildings on said premises situated in[he sum of$ �3��$�.�� payable to said ASSOCIATION and to deliver to xiid �
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premiur, �
<br /> . , In cax of deCault 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 entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and uts over [o the - � . '`"4
<br /> �3 mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain � . - '.-
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire For the purpose of repairing said premises and rrn[ing � �.��'
<br /> the same and collecting the rents,revenues and income,and it may pay out ot said income al] expe�ses of repairing said premises and necessary � � � . �
<br /> . commissions and expenses incurred in rrnting 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 the mortgagee may be exerciud at any time during the existence of such ' �
<br /> default,irrespective 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 before the maturity of said shares by
<br /> �� '. payment;pay monthly tu said ASSOClATION of the sum speciFed in the Bond sewred hereby as interest and principal on said loan,on or beforc � � � .
<br /> the Twentieth day oC each and every month,until said loan is fully paid;pay all taxes and assessmmts levied against said premius and on this Mortgage � �
<br /> ' and the Bond secured thercby,before delinqurncy;fumish approved insurance upon the buildings thereon in the sum of S�3 s�rJO.�0 payable � .
<br /> �j to raid ASSOCIATlON;repay to said ASSOCIATION upon demand all money by it paid for such taxes,ass.essmmts and insurance with interest at � �� � � '
<br /> the maximum legal rate thereon from date of payment aU of which Mortgagor hereby agrecs to pay:permit no waste on said premises;keep and comply � � � � .
<br /> ��.�� with all the agreemmts and conditions of the Bond for S �3.�50.�0 this day given by the said Mortgagor to said ASSOCIATION,and comply � � �
<br /> with all[he requirements of the Constitution and ByLaws of said ASSOCIATION; thrn these prexnts shatl become null and void,otherwise they .�
<br /> shall remain in Cull force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said � � � �
<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 /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings . � .
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale or o[herwise,then the m[ire remaining indebtedness hereby � � � �
<br /> seeured shall,at the option of The Equitable Building and Loan Association of Grand Island,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,Gom the � . ,:;:;
<br /> date of exerciu of said option,bear inrerest at the maximum legal rate,and this mortgage may then be forcclosed 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 pssociation of Grand Island, �
<br /> Nebraska for insurance,taxes and asseuments,and abstracting extension charges, with interest thereon, from date of payment at the maximum � � ���
<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 /> makers of said Bond,their assigns or successors in inurcst,which sums shall be within the security of this mortgage the same as the funds originally . . . � � �
<br /> xcurcd thmeby,the total amount of principal debt not to exaed at any time the original amount of this mortgage. � . � �. .
<br /> this �6t . day o May A.D.,]9 7$
<br /> � - '
<br /> St hen R. Speck
<br /> y �
<br /> '.5 , . . . . . � ,rF �..
<br /> ? STAiE OF NEBRASKA,j _
<br /> � as. On this �6$h. day of May 19�$ ,before mc, {
<br /> � COUNTY OF HALL j . . �
<br /> the undersigned,a Noury Publlc in and for seid County,personally came '- "'� �
<br /> 5 }
<br /> t � Cx . Speck� d single petson who l5 petsonallyknownto k! '
<br /> a . � oA�j�.1t E ipdp�n�ll�1 n whose name 7 5 afFixed to the above instrummt as mortgagor and he ktj(��j( ,�r ' �
<br /> � � adcr6 Izdged'tt�e�aid in ment to be �h�S wluntary ut and deed. .
<br /> NOTARY��� my hand and Notsrial Seal the date aforesaid. �
<br /> , � �� COMMSSSlOt�Y�o ' 'on expirea ( �
<br /> EXPiRES `�����` I(J��� ` .
<br /> � ��qGC 31.�9$�:�P � 1 .o ry Public �
<br /> �oF N�.e�°'S�r
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