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Fil d for reoo mat :In Boot
<br />Je hisuer, Register of Deeds,
<br />Hall County, Nebraska''
<br />MORTGAGE
<br />O MORTGAGE LOAN NO. L 21 :533
<br />KNOW ALL MEN BY THESE PRESENTS: That Denni s P., S hel ton , a single person,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirteen Thousand Two Hundred and No/100---------------------------------- --- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 132 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 2533 , do hereby grant, convey and mortgage unto. the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />14.
<br />c
<br />LOT ONE HUNDRED THREE (103), IN "BUENAVISTA SUBDIVISION,"
<br />AN ADDITION TO THE CITY.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 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-furnisli approved
<br />insurance upon the buildings on said premise's situated in the sum of $ 13 X0. 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 premi;es 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 13,200.00 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 1:3 , 200: 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 anytime the original amount of this mortgage.
<br />.I
<br />Dated this 27th day of March D., 19 75
<br />Dennis P. Shelton
<br />STATE OF.NEBRASKA,
<br />ss.: On this 27th day of Marche 19,%5 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Dennis P. Shelton, a single person,
<br />who is personally known to
<br />me th a erson whose name 1 s affixed to the above instrument as mortgagor and he s¢vesally
<br />.JOrd J rument,to;be his voluntary act and deed
<br />�•�C9 R CC NE my:hand and Notarial Seal the date aforesaid.
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