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Filed for recor -,7 197E:b z. t' Q �4, in ook`' �o
<br />of Page l io
<br />(�(� tJ�1 'Jean.Fisher, Register of Deeds,
<br />1.-,^i'i+ Qu G0
<br />Hall County, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO.:L 21,789
<br />KNOW ALL MEN BY THESE PRESENTS: That Gary L.- Etherton and Sally Anne Etherton , each in his
<br />and her own right and as spouse of each other, Mortgagor, whether on eormore, in consideration of the sum- of
<br />Thirty-four Thousand Four -Hundred and No/100-------------- -=----DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association'of Grand Island, Nebraska, Mortgagee, upon 34Q ; shares of stock of
<br />said ASSOCIATION, Certificate No. L .21 ]$q do hereby grant, convey and moitgage unto the said' ASSOCIATION the following
<br />described real estate, situated in Hall County; Nebraska:
<br />LOT FOUR (4) IN BLOCK TWO (2) IN WEST BEL
<br />AIR FOURTH 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.
<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 34 ,400.00 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 prdinises;
<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 duringisuch 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 iof 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 exeicised 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 the buildings thereon:in the sum of S 34 ,400.00 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 34 , 400. 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 reinain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months 4.0''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,Nebiaska,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 !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 27th day of August A,D., Ig 75
<br />J�"�M /` • ___ � OI r / sic. s � . . .
<br />Gary L.,Ethbrton Sa .1'Hne. Eth rton
<br />STATE OF NEBRASKA, ss. on this 27th day of. August V75 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public';in and for said County; personally came
<br />Gary L. Etherton and Sally Anne Etherton, each in his and`.her''own.right and as -spouse of
<br />each other; =�~1 who are personally known to
<br />me to be the identical p'ersonS.. whoseatames ,,,are4;,�iffixed'to the above instrument as mortgagor: s and:" -they. severally
<br />acknowledged the said instrument to be �thej'r l4 vEllui'tar bKand deed.
<br />WITNESS my hand,and;Notanal"Seal thf;date aforesaid.
<br />My Commission expires;• t:r :
<br />L r,it
<br />Notary Public
<br />3.73.2M tI Jr�• • :.>�•'� \�-�`t�
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