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Filed for recor
<br />St M i Boo J �.
<br />of _, Page___._
<br />Jc Register of Deeds,
<br />. MORTGAGE
<br />MORTGAGE LOAN NO. L 21.519
<br />J` KNOW ALL MEN BY THESE PRESENTS: That Steven M. Lundell, a single person,x
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Six Thousand Eight Hundred and No/100 -------------- -----------------------------------------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebiaska, Mortgagee, upon 68 shares of stock of .
<br />said ASSOCIATION, Certificate No. L 21,519 , do hereby grant, convey and mortgage unto -the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />ALL OF THE NORTHERLY FIFTY-FOUR FEET
<br />(N54') OF LOT ONE (1),IN BLOCK SIX
<br />(6) IN THE ORIGINAL TOWN, NOW CITY,
<br />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 p'ay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same sliall become. delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in•the sum of S 6 ,800.00 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 40 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 6,800.00 - 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 6 ,800.00 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 sliall 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, sliall,•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 cliarges, 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 Seventeenth day of March A. 9 75����z
<br />ii•r
<br />Steven.M. Lundell
<br />STATE OF NEBRASKA ss. ' On this Seventeenthy of March 19 75 , before me,
<br />COUNTY OF HALL i
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Steven .M. Lundell., a single person,
<br />who 1 g personally known to'
<br />me to be the .identica)' person whose name -is- affixed to the above instrument as mortgagor and he-severalir
<br />acl,cwWkilged-the said-instrument-to•be---}T S voluntary act and ;eeWITN nyy ia�kasrt� �iot ial Seal the date aforesaid.
<br />My Cmtutnssi6iP �Cpiltc3!rtlaclnn Expires,,1h75Notar:�<tiovei3 2 .
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