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Filed dor ,record/%Za moi✓ 7. 197aat /02;: ad ti.,; .i. B k.. % (�Y
<br />• . o�� .,af- �, - , :Page •�•�/ �t�` `�.1�
<br />Je fisher; Re&ister of.:Deeds,
<br />MORTGAGE ,
<br />MORTGAGE LOAN N0; L 21 .527
<br />KNOW ALL MEN BY THESE PRESENTS: That' Gregory Wayne Baker.and Dale M faker, :his'wife, `IROE7l.INF:4;
<br />Mortgagor, whether one or more, in of the sum of
<br />Twenty -Five Thousand and No/100--------------=------------------------=--=--------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 250-- shares of stock of
<br />said ASSOCIATION; Certificate No. L 21,527 , do hereby grant, convey and mortgage unto the said' ASSOCIATION •tile following
<br />described real estate, situated in Hall County,,Nebiaska:.
<br />LOT TWO (2), BLOCK THREE (3), BOGGS &'HILL'S
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL .
<br />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 tlte' same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 25 ,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 tite 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 25 , 000.00 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 agreemdnts and conditions of the Bond for S 25 000. 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 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 />D ted this 27th day of March A.D. lv 75
<br />reg ry ayne X6ker Dale M.. Baker
<br />STATE OF NEBRASKA, ss. On this 27th day of March 1975 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Gregory Wayne Baker and Dale M. Baker, his wife,
<br />who are personally known to
<br />me to be the identical person S e S are affixed to the above instrument as mortgagor S and they severally,
<br />acknowledged the said instr �t\o jw _. � voluntary act and deed.
<br />WITNE my j��rtd�and I'� Hal Se the date aforesaid.
<br />My Cc
<br />3732M
<br />ergg�gsqRY •.
<br />COMMISSION
<br />EXPIRES
<br />z_OF
<br />•CSNiOno
<br />tary Public
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