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Fi ed for recor/97-sat 'OG P. hi., in ook_
<br />of 1 Page L- _ —
<br />J i, lsh�cr, sister of Deeds„
<br />MORTGAGE Hall County, Nebraska
<br />MORTGAGE LOAN N0. L21,493
<br />KNOW ALL MEN BY THESE PRESENTS: That Harry R. Husman and Leanna P Husman, each in his
<br />\ _ her Own right and as spouse of each Other, . Mortgagor,whether one or more in consideration of the sum of
<br />-----------
<br />Sixteen Thousand Two Hundred and No/100----------------------------- DOLLARS
<br />loaned to said'mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 162 shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 9493 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />THE SOUTH FIFTEEN AND TWO-THIRDS(15 2/3)
<br />FEET OF LOT ONE (1) AND THE NORTH THIRTY-
<br />ONE AND ONE-THIRD (31.1/3) FEET OF LOT TWO
<br />(2) IN BLOCK ONE (1) OF HEYDE'S ADDITION
<br />TO GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection 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 assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 16 , 200.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of default 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 sets over to the
<br />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 renting ,
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting 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 exercised 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 to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of cacti and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and tile Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 16 , 200.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments 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 comply
<br />with all tite agreements and conditions of the Bond for S 16 , 20000 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents `shall becomenull . and void, otherwise they
<br />shall remain in full force and may be foreclosed at tite 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 otherwise, then the entire remaining indebtedness hereby
<br />secured 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, from the
<br />date of exercise 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 Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, 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 interest, which sums shall be within the .security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this 19th day of February A. D., Ig 75
<br />4"_14_14 %� �1(�t t/ , r�-r ✓c , C� c _, EKG_ �,_ �,� ,�.
<br />' —(harry Husman Leanna P. Husman
<br />STATE OF NEBRASKA, ss. On this da of 19 before me
<br />COUNTY OF HALL J'. 19th Y February 75
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Harry R.`Husman and Leanna P. Husman, each in.his and her own right and as spouse o
<br />each Other, who are personally nown to
<br />me to be the identical person S whose name S a.re --.affixed to the above instrument as mortgagorS and they severally
<br />acknowledged the said instrument to be
<br />S their t�wdluhtary'act'-and deed.
<br />WITNESS my hand and Notar'ialScal'the date aforesald\ i
<br />• • My'Commission expires
<br />t •';L�� b t �:1 Notary Public
<br />3-73-2M
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