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Filed for record lL� at - M. , ink o
<br />Page�a�s� - 2-Grt/
<br />3e fisher, Register of Deeds,
<br />Hall County, Nebraska tz,
<br />MORTGAGE _
<br />NIJ MORTGAGE LOAN N0. L 21,570 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Robert R. Stevens and Twyl l a M. Stevens, each An his
<br />and her own right and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Seventeen Thousand Five Hundred and N.0/100------------ DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon .175 ' shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 , 570 MGIC , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska: '
<br />NORTHERLY FORTY=ONE FEET (41') OF.LOT TWENTY-SEVEN (27) AND SOUTHERLY.
<br />t TWENTY-EIGHT FEET (28') OF.LOT TWENTY-EIGHT (28), IN WEST HEIGHTS SECOND
<br />A
<br />THE CITY OF GRAND ISLAND', NEBRASKA.
<br />0
<br />ADDITION TO
<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 sec r d 96debXX efore the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 9 • U� 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 liereby, 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 lents, 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 insurance upon the buildings thereon in the sum of S 17 , 500.00 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 17 , 500.00 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 maybe 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 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 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 26th ay o April A.D., 19 75
<br />Robert R. Stevens
<br />STATE OF NEBRASKA, ss. On this 26th day of April 19 75 ,before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Robert R: Stevens and Twylla M. Stevens, each in his and her own right and as spouse
<br />who are personally known to
<br />of each other:_
<br />me to be the identical persons, whose names are. affixed to the above instru ortgagor S and they severally
<br />ledgeri�tltesat�Ait�ett�c�g"" heir voluntary act and deed.
<br />WI�S�tyfl}d N Mariaiseal the date aforesaid.
<br />` MyoStlmnsibtt'eit�i[ibs .
<br />r hiyCorr' lres'
<br />Notary Public
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