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<br />J�a?mF ish6r,:Rd-i'ster of Deeds,
<br />MORTGAGE
<br />1401 n
<br />MORTGAGE LOAN 90. L 21,504 .
<br />KNOWALL MEN BY THESE PRESENTS: That Robert S S. Gruntorad and Linda S . Gruntorad, 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 Thousand Four Hundred and No/100-=-----------------------------------------DOLLnRs.
<br />loaned to said mortgagor by The. Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 204 ` • shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,504 ,.do hereby grant, convey and mortgage unto the said ASSOCIATION the.following
<br />described real estate, situated ill Hall County, Nebraska:
<br />LOT NINE (9) IN BLOCK SIX (6) IN DILL AND HUSTON'S
<br />ADDITION TO THE CITY OF GRAND ISLAND, 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 20 , 400.00 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 20 , 400. 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 20,400.00 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 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 iliereon, from date of payment at the maximum
<br />legal_ratc.
<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 thus mortgage.
<br />Dated this 28th day of February A.D.,1(9�75 `\
<br />'Robert S. Gruntorad Linda S. Gruntorad
<br />STATE OF NEBRASKA,z4
<br />ss. On this 1;2$'— day of CE�6Att.rRy 19 ,before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County,• personally came
<br />Robert S. Gruntorad and Linda S. Gruntorad, each in hi's and her own right and as ��ouse
<br />who .are personal known to
<br />of "each other, ti-�
<br />me to be the identical person S whose nat�r�e�Qg'1–..are i,,�'afff ed to the above instrument as mortgagor Sand they severally
<br />acknowledged the said instrument to be . fh&4Y:N -�olugt�ry acPand deed.
<br />G.
<br />.WITNESS my hand and, otanal Sea�Mjthetld f to af'or�saidl
<br />O*%!SSIQ7�
<br />My. Commission expiresE Ei(LRh�S % •�f �;
<br />5ry o e
<br />Notary Public
<br />373-2M f1f7C��-b�� �
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