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10ROFILtdE Filed for recordSd� mat
<br />Page -
<br />��3 Je Fisher, Register of Deeds,
<br />Hall County, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21,744:
<br />KNOW ALL MEN BY THESE PRESENTS: That John H. Sturgi l l and' Linda' L. '.Sturgi 1.1, each in his . and
<br />her own right andlas spouse of each other,
<br />----_Mortgagor whether one or more, in consideration of the sum of
<br />Nineteen Thousand Two Hundred and No/100------ ------ -- --- -DOLLARS
<br />loaned to said mortgagor by The' Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 192. `• shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 , 744 , do hereby grant, convey and mortgage unto the said* ASSOCIATION the following
<br />described real estate, situated. in Hall; County, Nebraska:
<br />LOT ONE (1) AND EASTERLY NINE; (9), ,FEET OF
<br />LOT TWO (2) ALL IN BLOCK ELEVEN (1 1) IN
<br />PARKHILL THIRD SUBDIVISION, AN ADDITION TO THE
<br />CITY .OF GRAND ISLAND, HALL COUNTY, 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 -shall and will- pay all taxes and.assessments levied. or
<br />assessed upon said premises an& upon this mortgage and the bond secured thereby before th6 same shall become delinquent; to',furnislt approved
<br />insurance upon the buildings onsaid premises situated in the sunt of S 19, 200 , 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 tite 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 s. id loan 'on or before the maturity cif 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 assessinents levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnislt:approved insurance upon the buildings thereon in the sum of S 19,.200'00 - 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 preniises;kd p and comply
<br />with all the agreements and conditions, of the Bond for S 19 1 200.00 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 thesepresents 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 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,bec'ome immediately due and.payable without
<br />further notice, and the amount'' remaining due under said bond, and any other bond for any additional' advances
<br />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 paymcht 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 1st 'day of AUJUSt A..D.,,1975
<br />\`� ' J ��
<br /><< _ x,1111 j �
<br />/John H. Sturgil-I+ Linda:L. Sturgill Q:
<br />STATE OF NEBRASKA, 1St AU USt 75
<br />ss. On this day of g, 19 :, , before me,
<br />• COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />John H. Sturgill and Linda L. Sturgill, each in his and.h'er own right'and as.spouse of each
<br />other, :j i who are personally known to
<br />me tp__' Hi Weptical person whose names are affixed to the above instrument as mortgagors and" the�i severally
<br />�ro.Va r moi.
<br />idAg, Tthe,sardlnstrument to be their 'voluntary act and deed.
<br />�A 1ITNF,4SS my hand Iand Notarial Seal the date aforesaid:
<br />1
<br />r)TA My on Mission expires
<br />CC !1SSIOr1
<br />Pi RES ry Public
<br />3432M.. o .�
<br />31.101 ° t
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