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Filed :for record 1 Sat ' / `/�. ti in ook '
<br />008869 of Page
<br />ariFisher, Register of Deeds,
<br />MORTGAGE h41CROfILh1ED ;Hall County, Nebraska
<br />MORTGAGE LOAN NO. —L-21',145
<br />KNOW ALL MEN BY THESE PRESENTS: That .'Jack S. Richards and Shi rl:ey J. Richards ; each in his
<br />and her own right and as spouse'of -the other;
<br />I1lortgagor_whether one or more in consideration of the sum of
<br />Twenty Two Thousand 'an d No/100-=------------=--------=__________
<br />"DOLLARS
<br />loaned'to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon220. ' shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,745 , do hereby grant, convey and inorigage unto the said. ASSOCIATION the following
<br />described real,estate, situated in Hall County, Nebraska:
<br />LOT FIVE (5)� IN JACK VOSS HORSE COUNTRY CLUB SUBDIVISION,,IN HALL
<br />COUNTY; NEBRASKA
<br />'s
<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•conneciioit llwith 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'imthe sum of S 22 000.00 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 mdrtgaged 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 6e 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 clay of each and every month, until said loah 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 22 , OOO.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 22 ,000 , 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 paymedts, 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.tli'e 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 meas he funds originally
<br />secured thereby, the total amounbof principal debt not to exceed at any time the original amount;of this age.
<br />Dated this 1st day of August, A. 75
<br />Olack S. Richards S ir,ley;Ji9,ards
<br />STATE OF NEBRASKA, l ss. n this /--t day of 1 .1975—,b efore me,
<br />COUNTY OF HALL J /} �b
<br />L�'i(rt the undersigned, a Notary Public in and for said County, personally came
<br />Jack S. Richards and;Shirley J. Richards, each in his and her own right and as'spouse of
<br />the ,Other, who are personally known to
<br />me to be the identical persons whose name S are affixed to the above instrument as mortgagor S and they severally
<br />their. . CHARLES E. DeLARM
<br />acknowledged the said.instrument to be voluntary act and deed. General tl0tary•State of NIOr.
<br />WITNESS my hand'andNotarial Seal the date aforesaid: I y Commission Expires
<br />My Commission'expires f , • %� April 7, 1978
<br />otary Pu lie
<br />3-73-2M
<br />/00
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