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<br />�Jea Fisher, Rei-ister of Deeds,
<br />MORTGAGE Hall. County, Nebraska
<br />MORTGAGE LOAN NO. L 21,540
<br />KNOW ALL MEN BY THESE PRESENTS: That Gr2gory T . Au Sti n and Gay L . Au st.i n:; .'eacV�, in .his and .
<br />• her own •right and . asSpouse of each other, Mortgagor; whether one or more, in consideration of the sum of
<br />Thirty-six Thousand Seven Hundred and No/100----------
<br />-- --DOLLARS
<br />loaned to said mortgagor' b 367:•.
<br />y The Equitable Building Loan Association of Grand Island, Nebraska, Mortgagee, upon shares of stock of
<br />said ASSOCIATION, Certificate No. L , do hereby grant, convey and mortgage unto the said -ASSOCIATION. the following -
<br />described real estate, situated ,in Hall County, Nebraska:
<br />LOT TEN (10) IN FRACTIONAL BLOCK TWO (2) o
<br />IN GILBERT'S ADDITION TO THE CITY OF ,,++
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />AND
<br />LOT ONE (1), IN BLOCK EIGHT (8), OF
<br />KOEHLER PLACE, IN THE CITY OF GRAND
<br />ISLAND,: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 Itcreby 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 36 ,700.00 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 'br 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 shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly io 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 365700.00 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
<br />omplywith all the agreements and conditions of the Bond for s36 ,700.00 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 Associhtion 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 rale.
<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 />4a� d this 2n day of Apri 1 A. , 19 7
<br />Gy ustin —Gay us in
<br />STATE OF NEBRASKA, ss Ori this 2nd day of April 19 75 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Pupli in and f r said County, personally came
<br />Gregory T. Austin and Gay L. Austin, each in his and her own right and as spouse of
<br />who are personally known to
<br />each other,
<br />me to be the identical•person S whose name.Sti-e {T�;2'j� liffixed to the above instrument as mortgagor S and they severally
<br />�ln.t �,
<br />acknowledged_ the said instrument to be t�e x N EvbltiritaVacf and deed.
<br />WITNESS my hand and QariiFSea�lithq �daie af&Qss id.
<br />My Commission expire s % 4' /
<br />`�i., f�rc_
<br />Notary Public
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