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<br />iJe Fisher,, Register of Deeds,
<br />Hall County,"Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO, L 21%83 MGI C
<br />KNOW ALL MEN BY THESE PRESENTS: That Marvin D. Humi stop and Sheila A.. Humi ston ,each in
<br />his.,and her own right and. as spouse: of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Seventeen Thousand One Hundred and No/100-----=------------------------- 'DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 171 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21783 MGI C ,-do hereby grant, convey and mortgage unto the said ASSOCIATION, the following
<br />described real estate, situated in- Hall County, Nebraska:
<br />Lot Six (6) in Block: Thirty -Eight (38), in �,cROF►WiEo
<br />Russel Wheeler's Addition to the. City of Grand
<br />Island, Nebraska.
<br />together with all the .tenements, hereditaments and appurtenances thereunto belonging, including attaclied � floor coverings,*all window screen's,
<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'sliall 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 17 ,1 00.00 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 the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in tite 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 oil this Mortgage
<br />and. the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 17 ,1 00 ..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 17 100 , QQ this day given by the said Mortgagor ;to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws o?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 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 Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest tliereon, 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 20th day of August A. D., 19': 75 / /
<br />916;
<br />[•; .�� a U N
<br />Marvin D_ Htlmiston ShEila A Humis'ton
<br />STATE OF NEBRASKA, ss. On this 20th 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 />Marvin D. Humi stop and - Shei'l a A. Humi'ston who personally known to
<br />me to be the identical person S whose name g affixed to the above instrument as t agor. S' and have_ severally
<br />a `know�ledr d the said imtF[1L9el�t tg igpN heir voluntary act and deed.
<br />\vITNESS- inAthdtid 6fld" Nqt rial Seal the date aforesaid. ,
<br />r State, of Nebraska
<br />r_ -r', Myn��P�sw�tox ire
<br />=� November 12, 197 Notary Public
<br />3-73-2M Z' �� 7�
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