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<br />Filed` for record 1C3"' o?�� at _
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<br />MORTGAGE
<br />]19`11C6 unty, Nebraska ,
<br />MORTGAGE LOAN•N0: L 21524'• MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Jert y . A. Rosno and. Phyl i s E. Rosno , each., in • hi;s -and her
<br />own right and as. spouse of each other, Mor tgagor, 'whether one ormore, inconsiderationofthe sum of
<br />Thirty-four Thousand -Four Hundred Fifty -and No/100------- -------------------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 344' shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 ,524 MGICdo hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT TEN (10) IN SUNSET SEVENTH SUBDIVISION,
<br />BEING A PART OF -THE NORTHWEST QUARTER'(NW4)
<br />OF SECTION ELEVEN (11), TOWNSHIP ELEVEN (11)
<br />NORTH, RANGE TEN (10) WEST:OF THE 6THP,M.,
<br />IN 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 secred thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of $ 3 ,450. 0 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 thismortgage 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 sucli
<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 34 ,450.00 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 34 ,450.00 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 amount of this mortgage.
<br />Dated this 21st day of March A. D., 19 75
<br />J ry A. Xosno Phyli E. Rosno
<br />STATE OF NEBRASKA, March 75 ,
<br />�, On this 21St day of � 19 before me
<br />COUNTY OF HALL
<br />the undersigned, a Notary, in and for said County, personally came
<br />Jerry A., Rosno:-and Phylis E. Rosno, each in his and her,own right and as spouse of each
<br />who are personally known to
<br />other-,
<br />* NOTis ,
<br />COMMIS
<br />EXPIRES
<br />i 31. ��.
<br />n
<br />on s whose name s are affixed to the above_instrument as mortgagors and they severally
<br />ent to be thei r. voluntary act and deed.
<br />S hand and Notarial Seal the date aforesaid.
<br />oriexpires 3a. \
<br />otary Public
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