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<br />i.led dor x. _.., -parte l�o�i;Ler of Deeasuf;
<br />�b MORTGAGE'
<br />a@..-}Fisher, S
<br />ofQLd� r_a,v, i3ebraskar
<br />MORTGAGE LOAN NO. L21,55$
<br />KNOW ALL MEDT BY THESE PRESENTS: That Donald • L . ,Day, a single person,
<br />— __ — Mortgagor, whether one or more, in consideration of the sum of
<br />Seven Thousand Six Hundred and No/100-------- ----------------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 76 ' ' shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,558 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />SOUTH 47 2' OF LOT ONE (1 } , BLOCK FOUR (4:) ,
<br />RUSSEL WHEELER ADDITION TO THE CITY OF
<br />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 heteafter 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•tile sum of S 7 ,600; OD 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 hcreby,;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 theiefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee bray be exercised.at any time during the 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 sura of S 75600.00 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 INIortgagor 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 , 600.00 Etltis 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 maybe foreclosed at the.option of the said ASSOCIATION after -failure for three months to snake any of said
<br />payments or be three months -in arrears in making said monthly payments, or to keep and comply with tite 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 owncship of the real estate mortgcged 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 interesf,'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 17th day of Apri 1 A D,,1975
<br />• Donald L. Day
<br />STATE OF NEBRASKA,• ss. On this % ` h- day of :,'7i— 19 7> , before me,
<br />COUNTY OF HALL - .
<br />the undersigned, a Notary Public in and for said County:; personally came
<br />Donald.L. Day, a single person,
<br />who is personally known to
<br />me to be the identical, person whose name ,,ti, IYS<- hi; to the above instrument as mortgagor and he -sevzralfy
<br />acknowiedged the said itistrtiment•to be ( �h 15�` voluntary 6nand deed.
<br />WITNESS in hand and Notaiial Seal dic'o(1atee aforesaid.
<br />My Commission expires ` .'b ESrC�,7t� • �( ,,,���/� % j `--
<br />1 coo` -C 7- i9ti� ", P r Notary Public
<br />3-73-2M.
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