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Piled for recor �' 9 at 2 A n Bo
<br />of page ;
<br />0.'0904 J" an Fisher; ,R.egister of Deeds,
<br />MORTGAGE Ha11.County, Nebraska,
<br />MORTGAGE LOAN NO. L 21, 760' . MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That•.;Peter Mi rabi l e and Myrtle E. Mi rabi 1 e, each in his and
<br />her own"right, and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Thirtv Thousand Six Hundred and No/100-=-----_----------- -=-------------------=-----=DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska, Mortgagee, upon 306 shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 , 760 MG I C,'do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate',• situated in Hall County, Nebraska:
<br />THE EAST TWELVE -.AND FIFTY-SEVEN HUNDREDTHS MICRo11�FO
<br />(12.57) -FEET OF LOT TWELVE (12) AND THE WEST
<br />FIFTY-EIGHT AND -EIGHTY-SIX HUNDREDTHS.(58.86)
<br />FEET OF.LOT ELEVEN (11) IN -WEST SPELTS-SCHULTZ
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA..
<br />together with all : tiie tenements, hereditaments and appurtenances thereunto belonging,'.irtcluding 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 liereafter.attaclied to or used in connection with said real estate.
<br />And whereai•dhe 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 30 600. 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 liereby, 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 appoirit 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 sae.
<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 30 600, 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 30 , 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 tliese 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 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 Islarid, 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 bondXor 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 tllc, 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 . , `13th day of , AugUS t ;A.
<br />Peter Mirabile Myr/e E. Mira i e
<br />STATE OF NEBRASKA, ss. On this before me,
<br />COUNTY OF HALL�� day of�h. u 5 19 /
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Peter Mirabile.and Myrtle E. Mirabile, each in his and°her own right and as spouse of
<br />each other,. who are personally known to
<br />me to be the identical persons whose names are affixed to the above instrument as mortgagor s and they severally
<br />acknowledged the said instrument to be the; r voluntary act and -deed.
<br />WITNESS my hand and Notar' 1 Se 1 t}� dyate aforesaid. r
<br />My Commission expires Z
<br />3732M
<br />JW D- BUESCHER
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<br />lUP ��/
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