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<br />of
<br />t ,Page
<br />J an Fisher, Retgister of Deeds,
<br />MORTGAGE
<br />Hall County, Nebraska--.
<br />MORTGAGE LOAN NO. L 21,501 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That
<br />Donald L. Bannister and Trina L. Bannister, each in his
<br />and her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty-one Thousand Six Hundred and No/100--------=--------------------------------DOLLARS
<br />loaned to said.mortgagor by The Equitable Building and -Loan Association of Grand Island, Nebraska, Mortgagee, upon 216 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 , 501 MGI Ct 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 (15) FEET OF LOT EIGHT
<br />(8) AND ALL OF LOT TEN (10) IN BLOCK
<br />THIRTEEN (13) IN COLLEGE ADDITION TO
<br />WEST LAWN, IN THE CITY OF GRAND ISLAND,
<br />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 21 ,600.00 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 Mortgage .
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 21 , 600.00 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 21 600.00 -this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws o?said ASSOCIATION; then these presents shall become. mill 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 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 26th day of February A.D., 19 75
<br />o
<br />Dona d L.. Bannister Tina L. Ban ser
<br />STATE-OF.NEBRASKA, ss. On this 26th day of February 19 75 , before me,
<br />COUNTY OF HALL
<br />the • ndersig ed, a Not ry Public in and fpr aid Cou ty, personally came
<br />Donald •L.. Banni•ster.and Trina L. Bannister, eac' in �iis ani her own rig It and as spouse
<br />of each other,., who are personally known to
<br />me to be the identical person S whose name S are affixed to the above instrument as mortgagor S and they severally
<br />acknow),edged t to sad wm their voluntary act and deed.'
<br />1 W lr$,.,Lnyjbjyt4-wd I lotarial Seal the date aforesaid. -
<br />M ft - �65is���r�5� Iles
<br />(iOtnT�en101 EXj;i;9S
<br />,'November 1975. Notary Public
<br />140
<br />iz, j75
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