|
C t .1 . % S at z h1d, , iA Boo
<br />Filed for` record._ --
<br />°f '. Page`s—� _
<br />\ Je Fisher, Register of Deeds, '
<br />Hall County, Nebraska
<br />MORTGAGE -
<br />MORTGAGE LOAN NO.L 21 :539
<br />KNOW ALL MEN BY THESE PRESENTS: That Rudolf F. Plate and Jeannice R. Plate each i n his
<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------------------- �---- ----"-7DoLLARs
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Is Nebraska, Mortgagee, upon 260 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,539 , do hereby grant, convey and mortgage unto'the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:.
<br />ALL OF LOT SIXTEEN-(16) AND :THE SOUTHERLY
<br />FIFTEEN FEET .(15') OF LOT FOURTEEN ('14) ALL
<br />IN-BLOCK ELEVEN (11) IN COLLEGE ADDITION TO
<br />WEST LAWN IN•: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,1teating, 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 ias agreed and does liereby•agree that the mortgagor shall and will pay all taxes and.assessmentslevied 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 uponthe 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 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 morfgage• 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 anytime 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 sliall 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 Iierdby 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 26 ,000 , 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by itpaid 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 />ted tis 1 "t y o pri 1 A.D., 1975
<br />f C7
<br />Rudolf a e ; Jinni ce R. Plate
<br />STATE OF NEBRASKA,ss. " On this 1St day of April 19.75 , before me,
<br />COUNTY OF HALL }
<br />the undersigned,' a Notary Public in and for said County, personally came
<br />Rudolf F: Plate and Jeannice R..Plate, each in his and. her own richt and as. spouse of.
<br />edGi t}t r b are pe sona y known to
<br />ta4e t�'i�G�Eq{i L ersonS• whose names are affixed to the above instrument mortgagors and they severally
<br />�ac`knowIed�ed�the, d �trument'to`be' their. voluntary act and deed.
<br />fr�qTNE my hand and Notarial Seal the date aforesaid.
<br />MyCbjni4tission expires (n�
<br />/\Notary Public
<br />(` aF •N [z%1
<br />
|