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Filed for record Z9�at IP M in BookL
<br />.•sem
<br />Je Fisher," Rejister of Deeds;
<br />MORTGAGE Nell County-* Nebraska
<br />MORTGAGE LOAN NO. L21,561'' MGIC
<br />L� KNOW ALL MEN BY THESE PRESENTS: That Charles B..Mllby nous Louise Milby, each' in his and
<br />her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty-seven Thousand Seven Hundred and No/100------------------------- --DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon, 377 • shares of stock of
<br />said ASSOCIATION.; 'Certificate No. L 21 ,561. MGICdo hereby grant, convey and mortgage unto the said 'ASSOCIATION the following
<br />described real estate, situated In Hall County, Nebraska:
<br />LOT.TEN (10) IN BLOCK TWO (2) IN WEST BEL
<br />AIR SECOND ADDITION TO 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 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 tile. same shall become delinquent; to. furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 37 ,700.00 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 tate 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, 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 37 ,700.00 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 37 ,700.00 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 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 tate option.of Tile 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 tits
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as tite funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Date this 18th da of Apri 1 A.D., i9 75
<br />Charles B. Milb --Louise Mi1by
<br />STATE OF NEBRASKA, April 19 , before me,
<br />ss. -0n this 18th day of 75
<br />COUNTY OF HALL }
<br />the under igned, a Notary, P bile in a d for said County, personally came
<br />Charles B. Mi l by and Louise . Mi l by, eachin n his and filer own rl g it 0 asaspou re p r on uea ewho ach
<br />other,
<br />me to be the identical person whose names are affixed to the above instrument as agor S and they severally
<br />ack' owledgedithe said insWaXgt 0.lt9LS01�he . r voluntary act and deed.
<br />WITNE%fAyTMh'dVifX&ari i Seal the date aforesaid.
<br />I M CStatq ofNgbraska•
<br />�n Prr QM�1Wlclwefxpires
<br />Novembe 5_ Notary ublic
<br />3-73-2M Ot� / /� 75
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