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<br />Fi7.ed " i'or record
<br />page � � - -. .� � •
<br />Je Fisher'; Register. of Deeds,
<br />MORTGAGE Hall County; Nebraska
<br />e MORTGAGE LOAN NO. L 21,535
<br />w' KNOW ALLMEN.BYTHESE PRESENTS: That Jon A. Baker and Sharbn L. Baker, `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 />Eleven 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 11 9• shares -of stock of
<br />said ASSOCIATION; Certificate No. L 21 ,535 , do hereby grant, convey and mortgage unto the said- ASSOCIATION the following
<br />described real estate, situated,in Hall County, Nebraska:
<br />LOT THREE•(3) CONCANNON SUBDIVISION, AN
<br />ADDITION •T0 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 the same shall become delinquent; to furnish approved
<br />insuranceupon the buildings on said premises situated in the sum of S , 11 , 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 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 11 , 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 11 , 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 amount of this mortgage.
<br />led this 28tji
<br />day of March A. D., 1 5
<br />en Baker
<br />a aer
<br />STATE OF NEBRASKA; ssOn this. 28th day of March 1975 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, ersona y came
<br />Jon A Baker and Sharon L. Baker, each in his and her own right and as spouse•OT eaA
<br />who are personally known to
<br />other,
<br />me to be the identical person S : whose name s are affixed to thf
<br />acknowledged the said instrument, to -be their ' voluntary act and deed
<br />MAXWrics My han4a ial Seal the date aforesaid.
<br />My C JAMES W O"ON .
<br />gt eRb;iftY
<br />e f Nebraska
<br />3 0 Sion xpir9i G
<br />N t
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