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MICROFILMED
<br />00t( 204
<br />MORTGAGE
<br />Hall courmy, Beprasm
<br />MORTGAGE LOAN NO. L 21,774,
<br />KNOW ALL MEN BY THESE PRESENTS: That Larry D.- Burmood and SUndraK Burmood, each. -in :his and
<br />her own right and as spouse Of each. other , Mortgagorwhether one or more, in consideration of the sum of
<br />Nineteen Thousand Eight Hundred and No/100 --------------
<br />--------r---------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 198 shares of stock of
<br />said ASSOCIATION, Certificate No. °L 21,774 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate,, situated in Mall County, Nebraska:
<br />i
<br />LOT FOUR (4) IN BLOCK TGJENTY-EIGHT (28) IN i-
<br />I .
<br />PACKER AND BARR'S'SECOND ADDITION TOiTHE,
<br />CITY OF GRAND ISLAND, NEBRASKA ACCORDING'TO
<br />THE RECORDED PLAT THEREOF.
<br />.
<br />1
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, *all mindow 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 isame sliall become delinquent; to, furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 19 800 . 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 iexpenses 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. i
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan oil 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 m the sum of S 19 8 QQ • QQ 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 1.9 ,$00.00 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 owner9hip 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,Neliraska;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. there under, 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 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 orsuccessors in interest, which sums shall be within the security of tltis'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 />Datgd this th day of AugustA.. i9 75
<br />arr D. Burmood Sundra K. Burmood
<br />STATE OF NEBRASKA,1 18th dAU S t 75
<br />)j ss. On this ay of U
<br />g 19 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />.Larry D. Burmood and tundra K. Burmood, each in his and.her own right and as spouse of
<br />eaC who are personally known to
<br />bAhe son s whose names are affixed to the above instrument as mortgagorS and they severally
<br />.........••
<br />kn �vlbdge&t:Pi ins ment to'be their voluntary act and deed.
<br />w[i yES y hand and Notarial Seal the date aforesaid.
<br />i. NOTARY
<br />CUn't�4i L?mAISSImbi CDsio I cipires
<br />EXPIRES j` I
<br />7t10l.�cUST tip;: • Q, Notary Public
<br />31,
<br />OF N E6RP
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