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<br />J n fisher, Ro ister of Deeds, , - , ' .
<br />MORTGAGE Ha7.1 County. Nebraska
<br />/ MORTGAGE LOAN NO. L 21,503 MGIC
<br />aS KNOW ALL MEN BY THESE PRESENTS: That, Robert K. Muirhead and Julie R.. Muirhead, each in his and
<br />her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty-three Thousand Three Hundred Fifty and No/100------------------------------- DOLLARS
<br />loaned to said -mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon Z33 shares of stock of
<br />said ASSOCIATION, Certificate No. L21 , 503 MGI p, do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT THREE (3) IN BERNHARD VOSS FIRST SUBDIVISION
<br />BEING A PART OF LOT NUMBERED ONE (1) VOSS
<br />SUBDIVISION BEING ALL THAT PART OF THE EZ OF THE
<br />SW4 AND THE W, OF THE SE4 OF SECTION 11, TOWNSHIP
<br />11, RANGE 9,' 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 tile sum of S 23 , 350.00 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 sliall,
<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 stall 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 insuiance upon the buildings thereon in the sum of S 23',-350. 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 23 ,350.00 this day given by the said Mortgagor to said ASSOCIATION, and cofnply
<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 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-mortgagcd 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 abstidcting 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 t}tis 28th day of February A.D., 19 75
<br />Robert K. MuirheadY t0� J lie.R. Muirhead
<br />STATE OF. NEBRASKA,
<br />HALL r:h
<br />COUNTY OF ss. On this day of . >���`/'{�y 19 75 , before me,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Robert K•: Muirhead and Julie R. Muirhead, each i,n h.is and her own right and as souse of
<br />each other , : who are perso Mouse known to
<br />me to be the identical person S whose namPr affixed to the above instrument as Mortgagor a
<br />L g g S andthey severally
<br />acknowled ed the said instrument to be `
<br />g t 1�'C',.11".•a�wolt}ntary,; ct and deed.'
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<br />E .
<br />WITNESS my hand an 'No the date'.aforeiaid:
<br />My,Commission expire PA N,r
<br />EXPlR�S
<br />a s Notary Public
<br />3.73-2M .,
<br />LPI
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