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Filed forrecor
<br />00896.6 o
<br />MORTGAGE
<br />✓�at-2= tS ilk
<br />, Paged..... - _.. L'
<br />Jean Fisher, gister of:Deeds,
<br />Hall County, Nebraska
<br />19 75 , before me,
<br />MORTGAGE LOAN NOL 21,751 MGIC:
<br />KNOW ALL MEN BY THESE PRESENTS: That
<br />Ronald D. Tabor ald.� Carolyn C. Tabor,. ea•c • h i n .his and
<br />her own. right and as spouse'
<br />of each other,
<br />C. Tabor, each in his and her own right and
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty Three Thousand Four Hundred
<br />and.No/100---------------------------=----DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 234 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 , 751 MGIC , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />se names
<br />M►CRpF11 rnEO
<br />LOT TWENTY-ONE
<br />.(21) IN BARTELT SUBDIVISION OF PART OF LOTS
<br />7, 15, 16, 17,
<br />and 18 OF THE COUNTY'S'UbDIVISION,bF PART OF
<br />THE SOUTH HALF
<br />OF SECTION FIVE (5), TOWNSHIP NINE (9) NORTH
<br />RANGE NINE (9)
<br />WEST OF THE 6TH P'.M., IN.THE VILLAGE OF
<br />DONIPHAN, HALL
<br />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, treating, air conditioning, and plumbing and. water equipment and accessories tiiereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attaclredto or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does.hcreby 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 Turnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 23 , 400.00 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 Irereby,'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 sliall have the power to appoint any agent or agents it may desire *for the purpose of repairing said premises and renting
<br />t}ie 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 t}re 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 Rlortgagor 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 23 , 400. 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 23400•, 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 tile* 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 Tire 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 Tire 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 />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this 7thp day of August A. D.,'19 75
<br />d&Xa&
<br />Ronald D•. Tabor Carolyn C. Tabor
<br />STATE OF NEBRASKA,ss.
<br />On this 7th day of Aug ust
<br />19 75 , before me,
<br />COUNTY OF IIALL
<br />the undersigned; a Notary Public in and for said County; personally came
<br />Ronal'd'.D. Tabor -and
<br />Carolyn
<br />C. Tabor, each in his and her own right and
<br />as -spouse of
<br />personally known to
<br />each other,
<br />`who are
<br />me to be the identical person S w
<br />se names
<br />are affixed to the above instrument as mortgagor s and they' severally
<br />acknowledged the Saidlfrist ° MMC-@&
<br />thel r
<br />voluntary act and deed.
<br />NOTARY
<br />NITNCSS-rpy,ll�nd and
<br />otarial Seal the date aforesaid.
<br />,.•My. Cotnm'tssiotEexpiros
<br />"- ;, r 12, 1975
<br />ary Public
<br />3.73-2M .
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