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Fil or recorry 21 M.
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<br />J Fisher, Register of Deeds,
<br />MORTGAGE Hall County, Nebrarj 0Fl��Er
<br />MORTGAGE LOAN NO. L 21,763 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: Tfiat Mi chea:l J. Mori dge 'and E11 en K. Mori edge, each in hi.s
<br />0
<br />and her"own right and as Spouse of the other,
<br />— Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty Six Thousand and No/100-----------=---------- -------------------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 260 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,763 MGIC, do hereby grant, convey and mortgage unto ;the said, ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT FIVE (5), BLOCK ONE (1), IN SECOND ADDITION TO HOLCOMB'S HIGHWAY HOMES SUBDIVISION,
<br />BEING A PART OF THE NORTHEAST QUARTER OF THE NORTHEAST ,QUARTER (NE 4 NE 4) OF. SECTION
<br />TWENTY EIGHT (28), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9), WEST OF THE 6TH P.M.,
<br />IN 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 saidreal estate.
<br />And whereas the said mortgagorhas agreed and does hereby agree that the mortgagor shall and will pay all takes and 'assessments levied or
<br />assessed upon said premises and upowthis mortgage and the bond secured thereby ibefore the 'same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 26.' 000 00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permd 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 tile mortgagor liereby 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 flie buildings thereon in the sum of S 26 , 000. 00 payable
<br />to said ASSOCIATION; repay to said:ASSOCIATION upon demand all money by it apaid 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; Beep and comply
<br />with all the agreements and conditions of the Bond for S 26 , OQO , 00 this day given by the said Aortgagor 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 Tile 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 Buflding',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 anytime the original amount of this mortgage.
<br />Dated this 14th day of August A..D.19 75
<br />Mi c :ea] J . orl edge -
<br />STATE OF NEBRASKA, ss On this 14th day of
<br />• COUNTY OF HALL
<br />Micheal J. Morledge and Ellen
<br />the u
<br />K. Morledge, each
<br />the'other,
<br />me to be the idenilcal persons whose names
<br />are affixed to the a
<br />acknowledged the said instrument to be their
<br />voluntary act and deed.
<br />WITNESS my hand and Notarial Seal
<br />the date aforesaid.
<br />My Commission expires
<br />DOROTHY h9. FERGUSON
<br />GENERALI�OiARY,
<br />3-73-2M.. . Aiebrasha
<br />State of
<br />My Commission Expires
<br />July 31, 1977
<br />r. lien Ic. mor teage
<br />August 19 75 ,before me,
<br />ersined, a No Public in and for said County, personally came
<br />nj Ai s . and her. -own right and as spouse -of
<br />who are, personal y known to
<br />ve instrument as mortgagor S and ..they severally
<br />yn.
<br />�ota
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