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Filed for recor 7� at 'S %'�i.:, in oo
<br />of ^Paye/
<br />de i'i.6her, Re t,
<br />of Doedg„ ,
<br />Hall Cou,Ity, Nebraska-
<br />Q MORTGAGE
<br />MORTGAGE LOAN, NO..L L 1 ,534
<br />KNOW ALL MENBY THESE PRESENTS: C.. G. Dinsdale and Ellen L. Dlnsdale, each' in his and her
<br />V own right and as spouse of each other,
<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 • 1 32 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,534 , 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) IN-BLOCK TWENTY - SIX (26) IN
<br />CHARLES WASMER'S ADDITION TO THE CITY .OF GRAND
<br />ISLAND, HALL COUNTY NEBRASKA.
<br />together- with all the tenements, liereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, Beating, 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 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 13 ,200.00 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 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 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 agreenients,and conditions of the Bond for S 13 ,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, onto 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 />hnd,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, dw total amount of principal debt not to exceed. at any time;the original amount of this mortgage.
<br />at th 28th day of March A. D., 19 75
<br />ins a e. Ellen L. Dinsciale
<br />STATE OF NEBRASKA, ss. On this .28th day of March . 1975 , before me,
<br />COUNTY OF HALL}
<br />the undersigned, a Notary Public in and for said County, personally came .
<br />C. G. Dinsdale•and Ellen L. Dinsdale, each in his and her own rigWoaae
<br />and as spoon�lyknownto
<br />each other,
<br />me to be the identical person S whose name s are affixed to the above instrument as mortgagor S and . they everally
<br />acknowledged the said instrument to be the r voluntary act and deed.
<br />Wil 1+i&SS mac hand an aLar'al.Seal the date aforesaid.
<br />ES W. OLSON
<br />My Co��c e VRY
<br />P:ecras11 . Notary Public
<br />3-7 t My ssion Expires
<br />ate i . N 1975/
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