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:. Sat = n ]3 oke
<br />Filed for. ecor, �� s�
<br />Pape
<br />0 U U 9 of i
<br />Je�11 Fisher, Register of Deeds,
<br />Hall County,..Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L
<br />KNOW ALL MEN BY THESE PRESENTS: That ' :1 Robert E.- Walker and Ferral l Y! Wal ke.r,, each in his . and
<br />her own right and a9 spouse of each:other, Mortgagor, whether one or more, in consideration of the sum of
<br />Twelve Thousand Six Hundred and No/100--------------- --7 --------------------------
<br />DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island; Nebraska, Mortgagee, upon 126 shares of stock of
<br />said ASSOCIATION,'Certificate No. L 21 ,755• do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate," -situated in Hall County, Nebraska:
<br />. `• µtoRpFILMEO .
<br />LOT FIVE (5), IN BLOCK TWENTY-TWO
<br />(22), IN PACKER AND BARR'S SECOND
<br />ADDITION TO THE CITY OF GRAND ISLAND,
<br />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 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 S 12 , 600: 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 sliall,
<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 resits, revenues and income to be derived from the mortgaged premises a.i.ring 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 p1remises 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 shalt 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 lie1reby 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 'ihereby, before delinquency; furnis(t approved insurance upon the buildings thereon in the sum of S 12 a 600. 00 payable
<br />to said ASSOCIATION.; repay to said ASSOCIATION upon demand all money by it paid. fof 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 12 ,600.00 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 aitd 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 tite 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 the3ecurity of this mortgage the same as the.funds originally
<br />secured thereby, the total amount of principal debt noGto exceed at. any time the original amount of this mortgage.
<br />Iter his thf� f August A.b., 19 75
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<br />Robert E. Walker Ferral l Y. Walker y
<br />STATE OF NEBRASKA, ss. On this 9th day of August :19.75 , before me,
<br />COUNTY OF HALL
<br />the undersigned,; a Notary Public in and for said County, personally came
<br />Robert E. Walker and Ferral1 Y :Walker, each in his and':,her own right and as' -spouse of
<br />each other who are , ,•personallyknown to
<br />me to be the identical person.S whose name S. are affixed to the above instrument as mortgagors and -..they severally
<br />acknowledged the said instrument to•be their voluntary act and deed.
<br />VITNE I
<br />iM. OL(�bRtari I Seal the date aforesaid. /
<br />My Conflfilssiol1 bxpI�§ARY
<br />:r State of Nebraska
<br />JI
<br />My v^rmn len Expires Notary Public
<br />3.73-� z ��l_
<br />iJOvc 'r 2 19 5 �/' 7
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