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Filed for recor, ' S 11 ys at ;` .4� in Boo �7o
<br />.003074- of Page_
<br />J �n Fishor', Register of Deeds,
<br />MORTGAGE MICROPL IEr) Hall County, Nebraska
<br />MORTGAGE LOAN NO. 1 21 .730.
<br />KNOW ALL MEN BY THESE PRESENTS: That James E. White . and Carl een White, each in his and her 'own
<br />right and as -spouse of each other•,
<br />`Mortgagor, whether one br more, in consideration of the sum of
<br />Thirteen Thousand and No/100------------------------------------------------ ------
<br />_ DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 130 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 , 730 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT SEVEN (7), IN BLOCK TEN (10) IN THE ORIGINAL VILLAGE
<br />OF DONIPHAN, 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 thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or lydreafter 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 13 000.00 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 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 tine maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of- tile 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 agaipst 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 13, 000.00 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 13 000.00 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 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 tsland,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 Tile 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 />aced this 22nd day of
<br />Judy A. -D., 19 75
<br />L/James .E. W ito mar eel Wh1te
<br />STATE OF NEBRASKA, ss. On this 22nd day of July •19 75 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary. Public i and for said County, personal y cam
<br />James E. White and Carleen White, each in his and her own right and as spouse oT each ogler,
<br />who are personally known to
<br />c tb betue
<br />the identicl�rerson S whose name S are affixed to the above instrument as mortgagor'S and they severally
<br />,•y • .� .: .,�
<br />acknowledged.tlre said` nstrumcnt to be theirvoluntaryact and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />c! j; ! My C mmission expires
<br />c: 1 I
<br />Notary Public
<br />•'�f' 3;73-2i1111 '' ^°,i". �i
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