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Fie for recor
<br />at S M. , Bo 3t_ /
<br />Q 0 J 0,Vi3 •: of ,Page�� "
<br />Je Fisher,'Register of Deeds; �.
<br />Hall County, Nebraska
<br />MORTGAGE*
<br />MORTGAGE LOAN NO. 21 , 757 FO
<br />KNOW ALL MEN BYTHESE PRESENTS: That 'Janet A. Cochran and Micheal. E. Cochran,• her husband,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Seven Thousand Three Hundred Fifty:.and'No/100---------- --------------------------- = DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,.Nebraska, Mortgagee, upon 73 shares of stock, of
<br />said ASSOCIATION., Certificate No. L 21 ,757 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />THE EAST SIXTEEN AND FIVE TENTHS (16.5) FEET OF LOT TWENTY
<br />EIGHT (28), AND THE WEST THIRTY.TWO AND FIVE TENTHS (32.5)
<br />FEET OF LOT TWENTY NINE (29), IN BUENAVISTA SUBDIVISION,.
<br />IN THE CITY OF GRAND ISLAND,,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 sunt of S 7 , 350.00 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 tite 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.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 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.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 7 , 350•. 00 " payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid fo'r 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 -7 , 350.00 this day given by the said 117ortgagor 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 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, become immediately due and payable•without .
<br />further notice, and tite 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 Eqditable 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 deli[ not to exceed at any time the original amount of this mortgage.
<br />Dated this 1.1 th day of August' A. D;, 1975
<br />666�--
<br />Janet A. Cochran Micheal E-. Cochran
<br />STATE OF NEBRASKA, ss. On this' l l th ' day of August 19'75 , before me,
<br />COUNTY OF HALL }
<br />the and rsi n d, a.Notary Public in and for said County, personally came
<br />Janet A. Cochran and Micheal E. Cochran, her hus�ba�nc�,
<br />who are personally known to
<br />o Hey 4� .q isonS whose names are, affixed to the above instrument as mortgagor S and.they " severally
<br />�
<br />••�
<br />ackW'vUe%ed'b �%qid in ument to be their voluntary act and'deed.
<br />NOTARY MINE my hand and Notarial Seal the date aforesaid.
<br />COMMIss10 �,, rr
<br />EXPIRESY* fission expires ' (CI b , �` I ►`t
<br />. V�
<br />A41
<br />GS X91 Notary Public
<br />ST 31, �.•�
<br />OF NEBRAS�Q
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