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<br />Fil d for recon �� �6at�L—.. ,
<br />of aye_ __----
<br />Jea Fisher, ReEister of D
<br />eods,
<br />P
<br />MORTGAGE iiol i County Nebraska:
<br />hIORTGAGE LOAN N0. L" 21,4g5
<br />'KNOW ALL MEN BY -THESE PRESENTS: That F1 oyde "R. Norton and Donna M. Norton, each i n hi s and
<br />her own right and as spouse of each other; Mortgagor; whether one or more, in"consideration of the sum of
<br />Sixteen Thousand and No/100--------------------------------=------------------------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 160 shares of stock of "
<br />said ASSOCIATION, Certificate No. L ; do hereby grant, convey and niortgage unto the said ASSOCIATION"the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT FOUR (4) IN BLOCK SEVEN (7) OF SCHIMMER'S
<br />ADDITION TO THE -CITY OF GRAND ISLAND; HALL
<br />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 there to, 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 securedthereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the'sum of S 16 , 000.00 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 rentais '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 each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and ori this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 16 , 000.00 '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 the agreements and conditions of the Bond for S 16 ,000.00 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 become null and void, otherwise they
<br />shall remain in full 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 tite 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 tile,
<br />date of exercise of said option, bear interest of the maximum legal rate, and this mortgage may then be foreclosed to satisfy the -amount due on said
<br />boi,d, 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 anytime the original amount of this mortgage.
<br />I-Dated•this 21st day of February (.,1975 _
<br />oytie K. Norron, Donna M. Norton
<br />STATE OF NEBRASKA, 21st da February 75
<br />ss. On this: y of Y 19 ,before me,
<br />COUNTY OF HALL } "
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Floyde R. Norton and Donna M. Norton, each in his and her:own right and as spouse of
<br />who are personally known to
<br />each other,
<br />me tu b� �E�S OLSANnivbose name S are affixed to the above instrument as mortgagors and they. severally
<br />aek ledged thr4Sri&i"tjuntonhtogbe their voluntary act and deed.
<br />VITNE!;§1 %fia" a an Notarial Seal the date aforesaid.
<br />My
<br />x" M �ommisslon cypirP
<br />ire L -
<br />Notary Public
<br />3732M �/ Zr :/,:f 7X
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