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Boo
<br />Filed for recor
<br />mat `
<br />of Page_si--
<br />Je Fisher; Register of Deeds,
<br />Hall County; Nebraska:
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21,568- MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That :Gregory D. Roberts and Dixie .A. Roberts , each in his and
<br />(t her own right and as spouse of each other, :Mortgagor_ whether one or more, inconsideration of the sum of
<br />�7
<br />Thirty-two Thousand Three Hundred ' and No/100------- --- — — — -- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 323 shares of stock of
<br />said ASSOCIATION; Certificate No. L21 ,568 MGIC, do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT FIVE (5) BLOCK TWO (2) IN CAPITAL HEIGHTS ,
<br />FOURTH.SUB•DIVISION, BEING A PART OF THE SW4 OF
<br />SECTION 2, TOWNSHIP -11 NORTH, RANGE 10 WEST OF THE
<br />6TH P.M., 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 assessmentslevied 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 intlie sum of s 32,300.00 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 />dnpaid; 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 maybe 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; furnishapproved insurance upon the buildings thereon in the sum of S 32 , 300.00 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 • 32 , 300.00 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 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, 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 theimaxirnum
<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 interests 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 24tb day of : , April A. D. 19 75
<br />-. ;
<br />.� e A
<br />Gregor D. Roberts Dixie A. Roberts
<br />STATE OF NEBRASKA; ss. On this 24th- day of April 19] 5 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Gregory D Roberts and Dixie A. Roberts, -each in his and her own riq�ht and as sponse of
<br />each other, 1% are personally known to
<br />me to.be the identical peisonS whose names are affixed to the above instrument as mortgagor S and they verally . .
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />1 the date aforesaid.
<br />JAMES ;W. OLSON
<br />Y .Commis04EifCe�!OTARY
<br />St a�L
<br />Notary ublic
<br />3-73.2M1,1\tA. 75
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