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Filed for rec.or -e ,97C at 'U/ I'M, , Bo 6 �.
<br />oft, Pa;e—!�
<br />JeadFish6r, Legis uer of Deeds,
<br />Hall County.. Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NOS: 21 , 526 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Thomas M. Budler and Barbara A. Budl er, 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 />Twenty-Six Thousand and No/100-------------------------------- -------------------LLARs
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 260 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,526 MGIC, do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT FIVE (5) , ISLAND ACRES NUMBER SIX (6) , A��
<br />REPLAT OF LOTS NINETEEN (19) AND TWENTY (20),
<br />ISLAND ACRES.; 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 iltat the mortgagor sliall 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 26 000 00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to dommit 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-tile'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 loa.wis 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 26 , 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 agreements and conditions of the Bond for S 26 , 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 />Dated this 26th day of March A. D., i9 75'
<br />Thomas M. Budler Barbara A. Budler
<br />STATE OF NEBRASKA, ss. On this 26th day of March 19 75 ,before me,
<br />COUNTY OF HALL 1(
<br />the undersigned, a Notary Public in and for said County,' personally came
<br />Thomas`M.-Budler and Barbara A. Budler, each in his alid her own.right and as spouse of
<br />each 0 who are personally known to
<br />r to b enw S. whose names are affixed to the above instrument as mortgagors and they severally
<br />ack IQbge Lt"MAd.in ' nbto�be their voluntary act and deed.
<br />Wl?i� S
<br />in and and Notarial Seal the date aforesaid.
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