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In Bo r-
<br />Filed for recon Page '
<br />of J Fisher, Register of Deeds,
<br />MORTGAGE Hall County'. Nebraska
<br />MORTGAGE LOAN NO. L21 ,569 MGIC `
<br />KNOW ALL MEN BY THESE PRESENTS: That Mel vi n D. Harlan and Darothy J. Harlan, each in. his and
<br />her own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty Two Thousand Four Hundred and No/100--------------------------------------
<br />loaned
<br />-------- - -- loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 324 shares of stock of
<br />said ASSOCIATION; Certificate No. L 216 . do hereby grant, convey and mortgage unto the said ASSOCIATION. the following
<br />described real estate, situated in Hall County, NeGraska:
<br />LOT SEVENTEEN (17.) . IN BLOCK ..TWO (2) ,. IN 01'
<br />BEL-AIR ADDITION TO
<br />• THE CITY OF GRAND
<br />ISLAND, NEBRASKA
<br />together with all the tenements, liereditaments 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 32', 400.00 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 itj 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 insurance upon the buildings thereon in the sum of S 32 ,400, 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid'for�suclt 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 condition's of the Bond for S,32 ,400.00this 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 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'max}mum
<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 interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, tthh�e'total amount of principal debt ;not to exceed at any time the original amount of this mortgage.
<br />Dated this Zl'�pc .-/' day of AD., 19 ;_/CL�;,
<br />`pie1vi n Diar i d1l UUP'U Lily ,)r. pr 101.11
<br />STATE OF NEBRASKA, C /7� �y
<br />COUNTY OF HALL ss. On this day day of C / 19 before me,
<br />the gdersi ne , Nota Public.in a d for id Count ersonal came
<br />Melvin, D. Harlan and Dorothy J. Harlan, each i n �i s nc .bier awn right an as sF6 Se P. •
<br />each other, who are- . personally known to
<br />me to be the identical person' S'; whose name s are affixed to the above instrument as mortgagor S and they severally .
<br />acknowledged the said instrument-to be their• voluntary act and deed.' +
<br />I • to aforessaid.
<br />My C ` fission efRAL?�9Ti(gy / y % d .: J ..
<br />state of Nebraska
<br />>�
<br />3 73 2M My•doi /mission Expires /, otary u lie
<br />�.....
<br />JUNE 11. 1978 , .
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