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Filed for recorder—_-.,y.�at-1 Z3 i at Z
<br />T 1d. , .in Book • /�_ �
<br />Jea't+fisher, Register of Deeds;
<br />MORTGAGE >re�TB5}
<br />MORTGAGE LOAN N0. L Zl', 514
<br />KNOW ALL MEN BY THESE PRESENTS: That Carl W. Lumbard and Harriet T. Lumbard, 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 />Seventy Thousand and No/100-------=----------------------------------------- ---
<br />-- DOLLARS
<br />loaned to said_mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 7 ��. shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 , 514 do hereby grant, convey and: mortgage unto the said ASSOCIATION the following
<br />.described real estate; situated in Hall County, Nebraska:
<br />THE WESTERLY FORTY-FOUR FEET (W44') OF LOT TWO
<br />(2) AND ALL OF LOT THREE (3), AND THE NORTHERLY 0��
<br />SEVENTY-FIVE FEET'(N75') OF THE EASTERLY SEVENTEEN
<br />P
<br />FEET (E17') OF LOT FOUR '(4), ALL IN BLOCK SIXTY-
<br />SEVEN (67) IN THE ORIGINAL TOWN, NOW'CITY OF GRAND
<br />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 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 70 , 000. 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 7 0 , 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all [Honey 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 S70 , 000.00 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 stall, at tate 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, the}ir 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 t tial amount f principal debt not exceed at anytime the original -amount of this mortgage.
<br />led 13 `13 h day March A. D., 19 75 n
<br />a um al^ Harriet T. Lumbard
<br />STATE OF NEBRASKA, :
<br />COUNTY -0F HAEL s',,.,
<br />s On this. 13th day of March 19 :75 , before me,
<br />.''� •
<br />the u dersigned a otary Public in a for sa d Count ersonall ame
<br />Carl ,W..-: Lumbard and Harriet T. Lumbard, each in �iis and hoer own right ani as sY�.use oyf
<br />ltd h �,pCt who are personally known to
<br />a. n)e to be the [dent a� terson S whose names are affixed to the above instrument as mortgagorS and they severally
<br />%acknowledged 1lte said'in trument to be their voluntary act and deed:.
<br />WIIN S my hand and Notarial Seal the date aforesaid.
<br />U
<br />�VMj Co ' mission expires
<br />10
<br />' Pi�.n
<br />X otary Public
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