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<br />Filed for recor
<br />�at3M. Bo
<br />page / O� _�'1� �, o� _
<br />°f J Fisher, Register of Deeds„ j
<br />MORTGAGE Hall County, Nebraska
<br />MORTGAGE LOAN N0. L L-.515 MGIC
<br />That Steven D. oseman and Mar A. Moseman each 'in .his and
<br />ICNOW.ALL MEN BY THESE PRESENTS: Tha $ V M y s
<br />her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Thirteen Thousand Fifty and No/100------------
<br />------------------------------------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon .130 shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 ,575 MGIC, do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />NORTH ONE FOURTH (4) OF LOTS THIRTEEN (13)
<br />AND FOURTEEN (14) IN "SASS SUBDIVISION", LOCATED ON
<br />PART OF THE"NE4NE4 OF SECTION 14, TOWNSHIP 11. NORTH,
<br />RANGE 9 WEST OF THE SIXTH PRINCIPAL MERIDIAN.
<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 secured thereby before the same sliall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 13 , 05 0.00 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 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; payall 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 13 , 05 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 Sl 3 , 050.00 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 agieements 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 />recur thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />D ted fliis 0th )ay of Apri 1 A. D., i9 75
<br />• Steven D. eman Mary A. oseman
<br />STATE OF NEBRA "K7
<br />COUNTY OF HALL )P ss. On this 30th day of April 19' S ,before me,
<br />the undersigned,:a Notary Public in and for said County, personally came
<br />Steven D'r•, Moseman and Mary A. Moseman, each in his and her own right aandeas spoou alPiy nown'to'
<br />each other,
<br />me to'be the identical person S whose name s are. affixed to the above in as mortgagors and they severally
<br />acknowle ged the 'd instrumed.AlbE1Se l++ffiN voluntary act and deed.ESS myClia�Q tf�eal the date aforesaid.
<br />Stste of
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<br />,1Commt�L+l9rlllRsslonresNovmber 5
<br />�� t % " Notary Public'
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