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tiled for recor =Z:Z,/574�at id., in Book ✓G X
<br />pale i 7 P�s.�—=� —
<br />Jean Fisher, Register of Deedgo
<br />MORTGAGE Nall County, Nebraska
<br />MORTGAGE LOAN NO. L '21'.500 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Janice C. James, a single person.
<br />\ ^\ Mortgagor, whether one or more, in consideration of the sum of
<br />VI Thirteen Thousand One Hundred and No/100------------------------------------------DOLLARS
<br />loaned to said -mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 131 shares of stock of
<br />said ASSOCIATION,. Certificate No. L21 ,500 MGI do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT SEVEN (7) IN BLOCK THREE (3) IN NAGY'S ADDITION,`��
<br />TO THE CITY OF 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 iliereto, 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'sliall 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 sliall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 13 ,100. 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 each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and.on this 14iortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 13,100.. 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 I' 3 ,100.00this day given by the said Mortgagor to said ASSOCIATION, and cornply
<br />with all the requirements of the Constitution and By-Lawsof said ASSOCIATION; then these presents shall becomenull 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 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 tlhe 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 tlhe 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 26th day of February A. D., 1975
<br />Janice C. James
<br />STATS OF NEBRASKA,
<br />COUNTY OF HALL ss. ;' On this 26th day of . February ig 75 , before me,
<br />the undersigned; a Notary Public in and for said County, personally came
<br />Janice 'C. James;_.a single person,
<br />who i S personally known to
<br />me to b the id gEgryy O�SajVI—homes name 15 affixed to the above instrument as mortgagor and She severai}y
<br />ackno,e ged the ssifs�in�iiPtTdtBd' er voluntary act and deed.`
<br />f N bra ka
<br />Njar3S�m�VM �nd otariai Seal the date aforesaid.
<br />i. Hiss on x,P res
<br />=` MjcQomhdss.[b ,ekplras`
<br />L,
<br />Notary Public
<br />3.73-2M
<br />i'79 `
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