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Filed for record sIf 7f. -St P M. , n B k 61
<br />of page
<br />iR0E1L Je Fisher, Register of Deeds,
<br />- - v,• '`-- Hall County_,, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NOL 21 '555 MGIC
<br />\(�Q KNOW ALL MEN BY THESE PRESENTS: That Donald R. Vance and Melinda S.. Vance, each -in his and
<br />v` her.own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty -Six Thousand One Hundred and No/100------------------------------ --------- --- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and -Loan Association of Grand Island, Nebraska, Mortgagee, upon _261 shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 ,555 MG , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />THE SOUTHERLY SIXTY-SIX (S 661) FEET OF THE
<br />NORTHERLY ONE HUNDRED THIRTY-TWO (N1321)
<br />FEET OF THE WEST ONE HALF (W-1,), OF BLOCK SIX
<br />(6) , OF PLEASANT HOME SUBDIVISION OF PART
<br />OF THE EAST HALF OF THE SOUTHEAST QUARTER
<br />(EI§Ej,-) OF SECTION TWENTY-ONE :(2.1 IN 'TOWN-
<br />SHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF
<br />THE 6TH P.M., INHALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, allwindow 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'' iereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 26 , 100.00 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 rent's, 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, 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 insuiance upon the buildings thereon in the sum of S 26 ,100.00 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 26100.00 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 failurefo three montlfs to make any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with titeeements and conditions of said Bond;
<br />and Mortgagor agrees to have a receivdr appointed forthwith in such foreclosure proceedings.
<br />If there is any -change in ownership of the real estate mortgaged herein, by sale or otherwise, thefi 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 thin 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 intergst thereon, from date of payment . at the'•maximum
<br />legal rate. I/ I.
<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 15th day of Apri 1! 4ei
<br />, 197 5
<br />Donal d R. 'Vance n a ance
<br />STATE OF NEBRASKA, ss.. On this 15th day of Aprl 1 .. 19 75 , before me,
<br />COUNTY OF HALL =
<br />tlie, undersi n d, a Notary Publicm and f r said County, erso all ca e.
<br />Donald R.' Vance and Melinda S. Vance, each in his an c� filer . own right ani as spouse off' c�ac i
<br />Other who are personally known to
<br />me to bethe identical person. S&, whose name s are affixed to the above'instrument as mortgagor S and. they severally .
<br />acknowled ed the said fnstru+*+Pnt in tiP ' th i r voluntary act and deed.
<br />WITAP861�Sn�It N arial Seal the date aforesaid.
<br />ENERAG'NOTARY
<br />• My �4P''415d�$
<br />—� My'commiss Expires
<br />' Novembei
<br />975 Notary Public
<br />
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