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Fi o� ecord'Din o0
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<br />1O' page o2 ��
<br />Q 0 91 v 8 J Fisher, Register of Deeds,
<br />!; Hall County, Nebraska
<br />MORTGAGE VICROFILMEO
<br />MORTGAGE LOAN N0. L21,754 _MGI C
<br />KNOW ALL MEN BY THESE PRESENTS: That . Michael A. Mitchell and 'Carla M: � Mi tchel l , each i n his and
<br />her own right and as spouse of the%other, is
<br />Mortgagor„whether one or more, in consideration of the sum of
<br />Fourteen Thousand Eight Hundred Fifty and No/100------------------------------
<br />loaned -to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 148 shares of stock of
<br />said ASSOCIATION, Certificate No. L21 , 754 MGI C , do hereby grant, convey and mortgage unto the said. ASSOCIATION the following
<br />described real estate, situated in Hall.County, Nebraska:
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<br />LOTS TWENTY-NINE (29) , ANDITHIRTYi s(30) , IN
<br />WEST HEIGHTS ADDITION TO THE CITY ;OF GRAND
<br />ISLAND, HALL 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, 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.
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<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 Isame shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 14 , 850 , 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 mortgase or the bond secured hereby', the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and tie 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 forjthe 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.
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<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 assessincnts 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 4850.OQ payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it�paid for such taxes, assessments and ingurance with interest at
<br />the maximum legal rate thereon from'date of payment all of which Mortgagor hereby agrees to pay; permit no waste onlaid premiseskeep and comply
<br />with all the agreements and conditions of the Bond for S 14850 , 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 other%ise, 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 the amount remaining due under said bond, and any other bond for anyadditional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may jthen 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 8th day f August A.
<br />D., 19 75 �t j
<br />Michael A. MMitc el Carla -M. Mitchel I
<br />STATE OF NEBRASKA, ss. On this 8th 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 />Michael A. Mitchell and Carla M. Mitchell, each in his and°.her own ri.ght and as spouse of
<br />tide er who are personally known to
<br />Wb al person S whose name S are affixed to the ab.01e instrument as mortgagor S and they severally
<br />instrument to be their voluntary act and deed.;wlT 'SS my hand and Notarial Seal the date aforesaid.
<br />NOTARY �j �* "1
<br />•;' 1}t� mission expires \ -(
<br />v COMMISSION W.
<br />'EXPIRES
<br />Notary Public,
<br />•31. �9
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