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<br /> � MORTGACE � � � � ;,i�y���c��
<br /> � : MORTGAGE LOAN NO. L Z3 s�2S MGI C ' ��`'`� A-
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<br /> KNOWALLMENBYTHESEPRESENI'S:That StEVEtI A. Grubbs and Arlene A. Grubbs, each in his > ''� � � � "rr
<br /> ;� and f�er own ri ght and as spouse of each other, � ' ' ,?"<!
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<br /> °�'� � � � � � Mortgagor,whether one or more,in considaration oF the sum of�� ' n ` � ����
<br /> Thirty Thousand Five Hundred and No/100---------------------------------------- r .' r ;' n„
<br /> not.i.wxs ��'„
<br /> � losned to:said�moRgagor byThe�Equitable Building and Iw�an Association of Crand Island,Nebraska,Mortgagee,upon 305 st�ares of rtock�of. i ` `{fn' ,t�*�:,
<br /> ,Y� sald ASSOCIATION,Certificate No.L 23.128 MGIC,do hezeby grani, convey and moRgage unto the said ASSOCIATTON the followin S< r; � ' �
<br /> deun'bed real estate,vtuated in Hall County,Nebraska: g � y����;
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<br /> ,°� LOT THREE (3) IN BLOCK SEVENTY (70) IN WHEELER AND � ,' 4 �' ;
<br /> ^� ; BENNETT'S SECOND ADDITIOFt, CITY OF GRAND ISLAND, ' -:, �� `'
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<br /> '� HALL COUNTY, NEBRASKA p " .,�>>
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<br /> �� � toge[her with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,alt�window�screens, � �'Y +. �f M'��; �,
<br /> " window shades,blinds,storm windows,awninga,heating,air conditioning,and plumbing and water equipmrnt and accessories thereto,pumps,s[oves,� � � �
<br /> ',� refrigerators,and other Fixtuzes and equipmrnt now or hereafter attached to or used in connection with raid real estate. � �' � t i�:.� t�^ '��;�
<br /> :� ���And�wheress[he said�mortgegor haz agreed and does hereby agree that�the mortgagor:hell and will pay all taxes and assessments levied or �� � � ��"�' �
<br /> i4 assessed upon said.premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to Furniali approyed � � � �.:,��'�'�
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<br /> insurance upon the buildings on said premises situated in the sum of$3O�5OO.00 payable to sa3d ASSOCIATION and to deliver to said �, v ��-��,, e���
<br /> r' ASSOCIATTON the policies for said insurance;and not to commit or perm�t any waste on or about said premises; � . {� r � }r k��' �
<br /> $� In cax of default in the performance of any of the terms and conditlons of this mortgage or the bond xcured hereby,the mortgagee shall, � ' � �; �t:�'
<br /> on-0emand,�be entided to immediate�possession of the mortgaged premises and the mortgagor hereby auigns, transfers and sets over�to the � '� .��. �''x�-�
<br /> b� mortgagee all the renta,revrnues and income to be derived�From the mortgaged premises during such time as the mortgage indeb[edness shall remain. w 3;`���'�`�
<br /> 1; unpsid;and�the.mortgagee shall have the power to appoint any agent or agents it may desire For the purpox of repairing said prcmises and�renting � � -;z�' ��-�
<br /> .�, the same and.collecting thc renb,revenues and income,and it may pay out of said income all expenses of repairing said.�promixs and necessary. � � �,t w a L �;�.
<br /> commiaions�and�expenses incurrcd in renting and managing the same and of collecting rrntals thercfrom;the balance remaining,if any,tp be . �
<br /> •, applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised•at any time during the existence of such. � � � F � j�..
<br /> default,irrespechve of any temporary wsiver of the sama � � �
<br /> � �.� These Ptesents,however,arc upon the Condition,That if the said Mortgagor shall rcpay said loan on or before the maturity of said shares by � � ? 'st -
<br /> payment;�pay monthly to.said qSSOCIATION of the sum specified in the Bond secured hereby as interest and p�incipal on said loan,on or before . � � '� z� '
<br /> the Twentieth day of�ach and every month,until said loan is fu�ly paid;pay all taxes and avessments levied against said premises and on this Mortgage �� ; r` -�,
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<br /> � and the Bond secured thereby,before delinqurncy furnish approved insurance upon the bw7dings[hereon in the sum of S 3O,5�0.��
<br /> : to said ASSOCIATIpN;repay to said ASSOCIA710N upon demand all money by it paid for such[axes,assessments and insurance with interest at� . � � - ' �, k` ��''�
<br /> , the maximum legal rate.thereon from date of payment aU of which Mortgagor hereby agrees to pay;permit no wute on said premixs;keep and comply � . '���`' .,��?
<br /> �+ with all the agreemrnts and conditions of the Bond for S 3O S(�O�(�(� �h�$�Y Blven by the said Mortgagor to mid qSSOCIATION,and comply ,��;" �'
<br /> with��.all the7equirements of the Constitution�and By-Laws ot eaia A��CIATION;then these preunts shall become null and void,otherwix they *�zt�
<br /> � shall.remain in full�force and may�be foreclosed at the option of[he said ASSOCLqTIpN after fa�7ure for tluee months to make any of said � �"''�
<br /> y� ; payments�or be three months in arrears in making said monthly paymenu,or to keep and comply with the agreements and wnditions ot said Bond; �� t
<br /> M,,� and Mo r t g a goc a gees to have a receiver a p p o i n t e d f o r t h w i t h i n s u c h f o m c l o s u r e p ro c e e d i ngs. � . � �f g,��•�
<br /> ;� ��.-If�there�is any ct�ange in ownenhip of the real estate mortgaged herein,by sale or otheiwise,then the entire remaining indebtedness hereby F.�r i�r,
<br /> secured�shall,at the option of The Equitable Buildiag and Loan Associstion of Grand Island,Nebraska,become immediately due and payabk without E�, Y;
<br /> ; furthet�notice,and��the:amount remaining�due under said bond,and any other bond for any additional advances made thercunder,shall,from the � �
<br /> � date of exerciu of said optioa,bnr inurcst 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 al]su�paid by said The Equitable Bu�ding and Loan Asaociation of Grand Ialand, �t„i
<br /> � Nebeaska for insu:ance,.taxes and assesstnents,and abstracting exiension charges, with interest thereon,from date�of payment at the mazimum ;,��;w
<br /> tegal�cate. � � � � . � �
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<br /> As provided�in the Boad secured henby,whHe this mortgage remains in effect the mortgagee may hereafter advana additional sums to the � � +a;�j;
<br /> makeu of ssid Bond;their attigns or succeasors in interest,which sums shall be within tha security of this mortgage the same as the funds originally
<br /> aecured thereby,tfie tota�amount of principal debt aot to exceed at any time the original arrwunt of this mortgage. � �' ' i.w;;�'
<br /> _� nu�a tw: 25th. day of May A.D.,iv 78 � �`
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<br /> '�A SMTB OF NEB�1tA5KA.�
<br /> �° a.,.. ou u,;., 25th. aay of May 1978 ,beruro me, •�'
<br /> �d`fCp�OF Ei'AI.L ,
<br /> � s � '�"a ' � $< ` the undersigned,a Notary Public Sn and for aid CountY.Pezsons�lY ame �
<br /> �,�Steven A Grubbs and Arlene..A. Grubbs, each in his and her own,_,right and as spouse pf `,'
<br /> $T x '"k c'�'r'EaCh othEr, ; � , ; ;.• wno are P°n°'�alty knoavn to
<br /> sGffia id�ns� s? wl,ose n.ro� s+ are af�Cea w sn�.uove•
<br /> �F �IDOi��. „ �OD matryrnmt u mo gsgor S and they severa(ty _
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<br /> a ai�rnoaylay�ed,t�iesud�+iitci�ment,totie. 't}�EI,J' winetaryaM��mddeed. e �,.:
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<br /> ,=:WiT1V8S3 my 6aad and Not�ciai Seal the date aforeaaid. � : '� �.:r. >;
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