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<br />Filed for
<br />recor� a
<br />oPa , Paged--- �CRCC►
<br />jedn Fisher, Register of Deeds,
<br />Hall County, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21,506
<br />d KNOW ALL MEN BY THESE PRESENTS: That Larry V. Trosper and Norma M. Trosper, each in his and her
<br />own right and as spouse of each Other,Mortgagor, whether one or more, in consideration of the sum of
<br />Fifteen Thousand Nine Hundred and No/100------ ---" ------ DOLLARS
<br />loaned to said -mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 159 shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County', NeTraska:
<br />LOT TEN (10) IN BLOCK THREE
<br />(3) IN THE BONNIE BRAE
<br />ADDITION TOJHE CITY OF
<br />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 thismortgage and the bond secu ed thereby before .the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 5 , 900.00 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 sliall 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 15 , 900.00 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 15 , 900.00 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 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 amourit of this mortgage.
<br />Dated this 3rd day of March A. D., 19 75
<br />Larr�i; .'Trosper Norma M. Trosper
<br />STATE OF NEBRASKA,
<br />ss..
<br />COUNTY.OF HALL.
<br />Larry. V., Trosper and Norma NF.>
<br />each other, ,
<br />me.to be the identical persons whose nam
<br />acknowledged the said insfrument•to be the
<br />WITNESS my hand and Notar'
<br />My Commission expires tE
<br />3.73-2M
<br />On this 3Rd_ day of - N fj RG H 19%6 , before me,
<br />the undersigned a Notary Public in and for said County, personally came
<br />rifs �n hi's and her own right and as spouse of
<br />1.� who are personally known to
<br />Eejd`tOttg above instrument as mortgagor S and they severally
<br />y may
<br />12/.►?�S4 t and deed:
<br />Seaf tht;cdhtb1W ` d
<br />[;( 01.
<br />��
<br />'•0£�:: 7,1� Notary Public
<br />,��� 0F, U
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