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MORTGAGE
<br />MORTGAGE LOAN NO. _ 2L 1 551 (dGI C'
<br />KNOWALL• MEN BY THESE PRESENTS: That Lonnie J. Conner and Carolyn D. Conner, each in his and
<br />her own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Seven Thousand Six Hundred Fifty'and No/IM----------- �---------------- "------DOLLAtts
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska,, Mortgagee, upon 76 _hares of.stock of
<br />said ASSOCIATION; Certificate No. L 21 ,551 MGIC, do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska: ,
<br />LOT TWO (2) , •'BLOCK ELEVEN (11) ''BONNIE
<br />BRAE ADDITION, 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 connctition with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagbr, shall and will` liay 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•furnisltapproved
<br />insurance upon the buildings on said premises situated in the sum of 57;650.00. payable to said ASSOCIATION .and .to deliver: to said
<br />ASSOCIATION the policies for said insurance; and not io 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 liereby, 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 .tile 'existence of sucli
<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 tlieieon iii the sum of S 7, 650.00' payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all'monev 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 ,7 ,650.00 • 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 :uid vgid, 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 aiy, 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 for; closed 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 •,14th day of April A. D., 19 75
<br />Lonnie .o nTi� ((� Caro. y
<br />STATE OF NEBRASKA, ss. On this 14th da of A rl l <75
<br />COUNTY OF HALL y p I) before me,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Lonnie''J. Conner and Carolyn D. Conner, each in his and her ohm right and.as spouse
<br />of each other, who are personally known to'
<br />me to'be the identical person $ whose name s are affixed to the above instrument as mortgagor S , and they severally
<br />acknowledged the said instrument tobe their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal'the date aforesaid.
<br />My Commission expires..
<br />4 "1
<br />t gotary Public
<br />3.73-2M.
<br />g 7s' atf
<br />n Boo'_—�-----
<br />Fled for record`— -
<br />of PwJ�i Fisho- register of Deeds,;
<br />Hall,Cotuity, i\Iebraska
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