|
p�,►c1�OF►tsIEo Fil d for record sat
<br />of Page- 7�d
<br />Je , isher, Register of eeds,.
<br />Hall County, Nebraska
<br />MORTGAGE
<br />DORTGAGE LOAN N0. L 21-;718 MGIC
<br />KNOW ALL MEN BY THESEPRESENTS::That Gregory A. Manka, a single person
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirteen Thousand Nine Hundred Fifty, and No/100---------77----= -------------=--------
<br />DOLLARS
<br />loaned•to said`mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 139: shares of stock of
<br />said ASSOCIATION, Certificate No.'L 21 , 718 MGI Q do hereby grant, convey and mortgage unto the said. ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:,
<br />THE SOUTH HALF OF THE EAST HALF (S ZE 2) OF !LOT FOUR (4)
<br />IN VANTINE'S SUBDIVISION- OF THE NORTHWEST`QUARTER (NW4)
<br />OF SECTION TWENTY TWO (22), TOWNSHIP ELEVEN -01) NORTH
<br />RANGE NINE (9)' WEST OFA THE 6TH PRINCIPAL MERIDIAN.
<br />together, with all the tenements, hereditaments and appurtenances thereunto belonging, induding'attached floor coverings, 511'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 heieafter 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 scoured thereby before the;same sliall become delinquent;: to f&nish, approved
<br />insurance upon the buildings on said premises situated in'the sum of S13 1950 , 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; 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 13 ;95'0.00 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 15:950 . 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 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:tlie 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 estafc 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 sliall 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 17th day of July A. D.,' 0 75
<br />i
<br />G(reg ,ry�,_ff.� aNf
<br />STATE OF NEBRASKA,
<br />COUNTY OF HALL ss. On thus` 17th day of July.v. ig75 , before me,
<br />the undersigned, a Notary Public in and for said County 'personally came
<br />Gregory.A. Manka, a',single person .
<br />who i g personally known to
<br />\,tgj�' tuft c t �1 person . whose name S affixed to the above instrument as mortgagor and: he severally
<br />a�kpoiJ�(ec�ge-r tllc �li�i{�strument to be h 1 S voluntary act and deed.
<br />o v ���VIT SS my hand and Notarial Seal the date aforesaid.
<br />,r ��
<br />mission
<br />1 r � ? in7� My, Goliiexpires •
<br />�_
<br />.� Notary Public
<br />cti•jJ'S-?M'T 31,1Q Y
<br />
|