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Fi ed for reoord9412/,Ps at : o? 1,i. ,An Bol;
<br />of Pa"s
<br />al Je 'Fisher, Register of Deeds,
<br />MORTGAGE i it i r+ „n+ir_` ?r b .. r1� .. .
<br />MORTGAGE LOAN;NO. L 21,554MGIC;
<br />KNOW ALL MEN BY THESE PRESENTS: That Mati 1 da M. Cannon ,' a single person Q�
<br />V.
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Five Thousand Four Hundred and No/100---------------------------------------------- DOLLARS'
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon ' 54. shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 ,554 MGICdo hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated, in I-Iall County, Nebraska:
<br />u
<br />LOT FOUR (4) IN.BLOCK ONE (1), OF GILBERT'S
<br />ADDITION TO GRAND 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 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 5 ,400.00 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 />do 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, areoupon 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 5 , 400 , 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 5 , 400.00this 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 Tlte'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 9assessments, 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 is 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 1 5th day of Apri 1 A. D., 1975
<br />r
<br />MatiTc�a 11 -Cannon
<br />STATE OF NEBRASKA, da of April 197-5 ,before me,
<br />ss. on this 15th Y
<br />COUNTY OF HALL.
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Matilda M. Cannon A single person who is personally known to
<br />me to be the idet?.tical person whose name i S affixed to the above instrument as mortgagor and She sevoraliy
<br />acknowledge the sai-.nstrument i6bt�S W. berUN luntary act and deed.
<br />WI `NESS my hain�rNo�a�1fS�1 t} date aforesaid.
<br />c or i e asxa
<br />1 ��ornmissidtljc&ptresiilssion Expires C ,
<br />-ice ber 12, 1975
<br />. Notary Public
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