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<br />Filed for record mat -S i. , i 000l ti
<br />�� of Page _
<br />Je Fisher, Register of Deeds,,
<br />MORTGAGE Hall County, Nebraska ,
<br />MORTGAGE LOAN NO.L 91 546
<br />KNOW ALL MEN BY THESE PRESENTS: That Rudolf F. Plate and Jea nni ce R. Plate, each . i n his and
<br />her own right•and as spouse of each other, Mortgagor, whether one or more, in consideration ofthe'sumof
<br />Forty Thousand and No/100--------=-=--------------------------------------=------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 400 shares of stock of
<br />said ASSOCIATION; Certificate No.� L 21 , 546 , do hereby grant, convey and mortgage unto "the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT EIGHT (8) IN BLOCK SEVENTY-
<br />SEVEN (77) IN THE ORIGINAL TOWN
<br />NOW THE CITY OF GRAND ISLAND,;
<br />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 40 000 , 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 rentalstherefrom; 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 tite 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 40 , 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 5. 40 , 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 tluee 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,lfrom 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, wWch 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 />DAated this 9th dayof April A. D.,1g 75 ~� /
<br />/f�`!/��L �j� tti ( i _ �� .�F��a �c -✓ "'I`
<br />u o (F./P ate Je'anni ce R. Plate
<br />STATE OF NEBRASKA, ss. On this- 9th day of April 1975 , 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 right and as spouse of
<br />each other, �`ti who are personally known to
<br />me to be the identical,person S. wltose_-iam�kSIL. dY�^�affixcd to the above instrument as mortgagors and they severally
<br />acknowledged the said instrument to be nth(, 1 r: C1 woiuntaiy,,t4 and deed.
<br />WITNESS my hand and Notarial'S��>lt11R.Pa4e°afo. esaid.
<br />M Commission expire °,C� t ION
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