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Fil d 'for records �Q �9�at 1•i. ,dBo k.f
<br />of rade
<br />,;;• Je Fisher,:Registei?zf Deeds,
<br />r Ha11 County,. Nebraska.
<br />N MORTGAGE .
<br />572 MGIC
<br />MORTGAGE LOAN NO. t 21 ,
<br />KNOW ALL MEN BY THESE PRESENTS: That Lloyd D. Rall and Kathleen L. Rall, each "i 6- hi s. and. -her
<br />own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty-one Thousand One Hundred Fifty and No/100-----------------------------------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 211 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 , 572 MGIC , do hereby grant, convey and mortgage unto the said ASSOCIATION ' the following
<br />described real estate, situated 'in Hall County, Nebraska:
<br />-
<br />LOT THIRTY SIX (36).AND THE SOUTHERLY ONE HALF (SZ) OF
<br />LOT THIRTY FIVE ,(35), IN WEST HEIGHTS SECOND -ADDITION, AN
<br />ADDITION TO THE CITY OF GRAND ISLAND, 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 sliall 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 21 , l 50.00 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 />derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />mortgagee all the rents, revenues and income to be
<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 />rid of collecting rentals therefrom; the balance remaining, t any,
<br />commissions and expenses incurred in renting and managing the same as ch
<br />applied toward tile 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 21 J 5.0. 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 21 150.00 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 sliall 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 />b�nd,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 />atprovided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to theAs .
<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. his 29th daY of Apri 1 A. D., 1975
<br />Lloyd D. all Kathleen L. Rall
<br />STATE OF NEBRASKA, ss. On this 29th day of April. 19 75 , before me,
<br />COUNTY OF. HALL ersonall came
<br />the undersigned, a Notary Public in and for said County, p Y
<br />Lloyd D. Rall. and Kathleen L. Rall, each in his and neer own right and asspouseso ny kh
<br />who are on to
<br />other,
<br />e tQ be tale identical person Ste_ whose name, s are affixed to the above instrument as mortgagor S and they severally
<br />Ia knowled d tire said iNsf'9n'ieiif•t6)be"Othe�l r voluntary act and deed.
<br />lig�h�r n�Not rial Seal the date aforesaid.
<br />A.
<br />�nT ERem i i euros a .
<br />MyiQ16inumDjsieatpiresires
<br />,..:_ Novembe Notary Public
<br />3-73.2M
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