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<br />Fi! lti© re,t}o ! . ;.� .Pale Q , ReGister�of Deeds,i a .. �-o 7 • Je FisherNebraska '
<br />Hall C ountY
<br />(� MORTGAGE
<br />�\. MORTGAGE LOAN NO. L 21 , 560
<br />KNOW ALL MEN BY THESE PRESENTS: That Robert T. Barlow and Josephine J. Barlow;. each i n his
<br />and her own right -and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Four Thousand and No/100-----------------------------------------=--=-=-----=---DOLLARS
<br />loaned to said mortgagor'by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 40 - siiares.of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,560 do hereby grant, convey and mortgage unto the said ASSOCIATION'. the following
<br />described real estate, situated 'in Hall County, Nebraska:
<br />THE SOUTHERLY ONE-HALF (S2)OF LOT FIVE (5),
<br />IN BLOCK SEVENTEEN (17),.OF FAIRVIEW'•PARK
<br />ADDITION TO THEi CITY OF GRAND ISLAND, HALL
<br />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 4 ,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 mortgageor 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 />the same and of .collecting rentals therefrom; thebalance remaining; if any, to be
<br />commissions and expenses incurred in renting and managing
<br />.
<br />applied toward the discharge of said mortgage indebtedness;,these rights of the mortgagee may be exercised at any time during thc-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 4 , 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 />this da given b the said Mortgagor to said ASSOCIATION, and comply
<br />with all the agreements and conditions of the Bond for S 4,000 , 00 Y o Y
<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, 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 tile. Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />ms sliall be within the security of this mortgage the same as the funds originally
<br />makers of said Bond, their assigns or successors in interest,:which su
<br />secured thereby, the total amount of principal debt not taexeeed at any time the original amount of this mortgage.
<br />Dated this 18th day of Apri 1•., D., 19.75/
<br />osep ane J. Bar'low
<br />STATE OF NEBRASKA, ss. On this 18th day of April, . 19 75 before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Robert .T. Barlow and Josephine J. Harlow, each in his. and her oy10 are apesas llyk spouse
<br />of eac her,
<br />pb��rr� ical person g whose namts are , affixed to the above instrument as mortgagor S and they severally
<br />Tj ,c�ltti�e �F( e -s instrument to be the.i r• voluntary act and deed.
<br />�<• C ?'Z WI ESS my hand and Notarial Seal the date aforesaid.
<br />^ ^Y poly mmission expires l j
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