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Filed for record" /Sat' bi. in 130ol
<br />of Pago__ —
<br />•Je 'fisher, Register of Deeds,,
<br />MORTGAGE Hall County, Nebraska
<br />\ MORTGAGE LOAN NO.L" 21 -548 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That;James- C. Anderson and Grace E. Anderson, each in his and
<br />her own right and as spouse" - of each other,
<br />Mortgagor, whether one or more, to consideration of the sum of
<br />Twenty Seven -Thousand Three Hundred Fifty and No/100------------------------ =------- DOLLARS
<br />loaned to said nfortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 273 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 , 548 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, •situated in Hall County, Nebraska:
<br />LOT ONE (1),, IN BLOCK EIGHT (8), IN
<br />SCHIMMER'S ADDITION TO THE'`: CITY OF
<br />GRAND ISLAND, HALL COUNTY, . NEBRASKA.
<br />together with all the tenements, hereditaments andt;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 agrbed 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 pre mises'situated"in the sum of S27,,350.00 . 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 sarrie.
<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 27 , 350.00 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 27 , 350.00 'this day given by the said Mortgagor to said ASSOCIATION, and 'confply
<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 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 />Dated this 11th day of Apri 1 A. 19 75 /}
<br />- JzQe C. Anderson ` race n erson
<br />STATE OF NEBRASKA, i ss. On this 11th day of Apri 1 .197.5 before me,
<br />COUNTY OF IIALL )(
<br />the undersigned; a Notary Public in and for said County, personally came
<br />James C. Anderson and Grace E: Anderson , each in his and her own:ri�ght and as spouse of
<br />each other w to are " personally known to
<br />(� ,.
<br />me to be the identical porsons whose anies' areixed to the above instrument as mortgagor s and they " severally_
<br />acknowledged the said instrument to be thel r voinntary act.,and deed.
<br />WITNESS my hand and Nothrial Seal the date afarosaid; 9
<br />y Commission expires �,i✓t.`;
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<br />3.73-2M J; _% 1 cC ✓'
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