|
/24 Filed Yor, recor mat—M' min �o�.�-- .
<br />of,Y�MICROFILMED,
<br />Jain Fisher, Register of Deeds,t
<br />Hall County, Nebraska
<br />MORTGAGE '
<br />ItIORTGAGE LOAN N0: L 21 , 739 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Terry D. Randolph and Janice A. Randol ph , each in his -and
<br />D her own_ right and as 'spouse of each other, `•
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty .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 301 shares of stock of
<br />said ASSOCIATION, Certificate No, L 21 ,739 . MG1@o hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate; situated in Hall County,, Nebraska:
<br />LOT SIX (6) IN BLOCK ONE HUNDRED TWENTY.FOUR (124) IN
<br />UNION PACIFIC RAILWAY COMPANY'S SECOND ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, 'includ ing 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 $30 150 OD Payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the.policies for said insurance; and not to commit or permit any tvas a 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; 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 s30 ,150.00 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 303150.00this 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 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 lierein, 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 secuiity 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 31St day of July A. D., 19 7.5
<br />Terr D. Ran of ph - a ice A. R o
<br />O
<br />STATE OF NEBRASKA, ss. On this 31 St day of July 19 75 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Te�rr �D• Randolph an.d Janice A. Randolph, each in his and her own right.and as spouse of
<br />who are personally known to
<br />mel o•.the iJ`deenti�c�TpNi'in;sment
<br />S whose name s are affixed to the above instrument as mortgagor S and they severally
<br />• ` their
<br />acknowledged the, a d to be voluntary act and deed.
<br />rtin"iliRYWIYmy hand and Ngtarial Seal the date aforesaid.
<br />Y " expires
<br />i
<br />(;,pi;�Fg M �'om tssion a fires
<br />cL�'° °'U� • �� �� Notary Public
<br />
|