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Filed for record ;69-. ,' �� f'M. ; i Boo
<br />oPage_.- .
<br />Je Usher Register.of Deeds,
<br />Hall County,Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN N0. L'21 .529
<br />KNOW ALL MEN BY THESE PRESENTS: That Dale L:. Skow and S,hi rl ey .M. Skow, each in his and her own
<br />right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Eorty-nnP Thousand and No/100--------------------------------------------- --- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Is Nebraska, Mortgagee, upon 410 shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 2529 ,-do hereby grant, convey and mortgage unto'the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOTS THREE (3) AND;FIVE (5) IN.BLOCK.SEVEN (7) IN UNIVERSITY PLACE, AN ADDITION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY-, NEBRASKA.
<br />AND
<br />NORTHERLY FIFTY (50) FEET OF LOT EIGHT (8) IN BLOCK ONE HUNDRED TWENTY FOUR (124)
<br />IN UNION-PACIFIC RAILWAY COMPANY'S SECOND ADDITION TO THE CITY OF GRAND.ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />AND
<br />LOT ONE (1) IN_BLOCK SEVEN (7) IN SCHIMMER'S ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL 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 />insurance upon the buildings on said premises situated in the sum of S 41 ,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 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 bg
<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 shalt 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 S41 ,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 4;l ,000.00 this day, given by the said Mortgagor to said ASSOCIATION, and comAly
<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 />sliall 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 />aqd 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 saleor otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building andtoan 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 saidTlie Equitable Building and Loan Association of GrandIsland,
<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 t al amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this th da March aD�eY9, 175
<br />•
<br />Dale ow -S
<br />STATE OF NEBRASKA ss. On this 27th- day of March': 1975 , before me,
<br />COUNTY OF HALL
<br />the undersigned,'a Notary Public in and for said County, personally came.
<br />Dale L'. Skow and Shirley M. Skow, each in his and her own righ1h nd as sp$eySgatl$ n `ncA '
<br />other are
<br />me to be the identicai,personS . whose names affixed to the aboveinstrument as mortgagors and they severally
<br />acknowledged the said instrument to be' their t and deed
<br />WITIs ESS my And and Noi&Mf §eNitI9ld%?cafo said.
<br />My mmissi z fires GENERAL NOTARY
<br />M
<br />�� p Stn.e of Nebraska
<br />< Vy Commisslon E pines
<br />3.73.2M
<br />,,* �{' - ti'Iovember 12; 1975• Notary Public
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