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<br />'Filed forrecor
<br />Je hisher, Register of Deeds„ ;
<br />Hall County, Nebraska `.
<br />MORTGAGE
<br />MORTGAGE LOAN, NO. L �] �i47 MGIC_
<br />KNONALL MEN BYTHESE PRESENTS: That Paul R. Darling and Patricia A' DarTing,. each in his
<br />and her own right and as spouse of each -other, Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty-one Thousand Five Hundred and No/100----------------------------------------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 215 shares of stock of
<br />said ASSOCIATION, Certificate No. L21 ,537 . MGIC, do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated' in Hall County, Nebraska:
<br />. l�JCR4F:1=tdt=i9
<br />LOT SIX.(6) IN BLOCK FOURTEEN (14) IN
<br />BAKER'S ADDITION TO 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'samc shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S21 , 500.00 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 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 21 ,500.00 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 Ifor S 21 , 500.00 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 threemonths 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 adtlances made thereunder, sliall, 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 />Datfrd this 31st day of March D., 19 75
<br />vPabl .-Darling 1 Patricia A. Darling
<br />STATE OF NEBRASKA,ss. On this 31st day of March 1975 , before me,
<br />COUNTY OF HALL }
<br />g , ti n "�iisg ede NotryOWnrclrrLagd for�sa Count , personally me
<br />Paul R. Darling and Patricia A - Darling, each g A as spouse 0�
<br />each Other who are personally known to
<br />,.:
<br />me to be the identical persons whose name s are affixed to the above instrument as mortgagor S and they severally
<br />acknowledged tlte:said instrument to be their ,voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />My Commission expires
<br />—+ JAMES bV. OLSON I Nota Public
<br />3 73 2M GENERAL NOT +f2Y 1
<br />k
<br />State of NC t)r _� -) /
<br />ior
<br />r^ t.N overmber^12,E19755
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