|
0 �'�.v .�� Filed for reoor a1� �y7S at X111.2 z �t in Boo�a
<br />0 1i� �u iCi�� , • Page 44::t61 - ,
<br />Jean Fisher, ,Register of Deeds,
<br />MORTGAGE Hall County, Nebraska .
<br />MORTGAGE LOAN N0. L 21,772
<br />KNOW ALL MEN BY THESE PRESENTS: That Burh.l Gilpin and Bonnie L. Gilpin, each .i n:, hi s and her"
<br />own right and as Spouse of each other, Mortgagor, whether one or more, in consideration of the sum of -
<br />Ten Thousand and No/100'------------------------------------------------------------DOLLARS
<br />loaned to said mortgagor by The' Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 100 shares, of stock of
<br />said ASSOCIATION, Certificate No. L 21�7�7?� do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall Count a raska:.
<br />'LOT -ONE HUNDRED FIFTY-FIVE (155) IN BUENAVISTA
<br />SUBDIVISION,.,AN 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 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 1 O , 000.00 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 rdnts, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness sliall 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 the buildings thereon in the sum of S 10 000.00 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` 10 , 000.00 this day given by'dhe 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 fall 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 remainingindebtedness hereby
<br />•secured sliall, 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 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 18th day of August A.D., 19 75 ,
<br />urhl Gilpin_' Bonnie L. Gilpin
<br />STATE OF NEBRASKA, ss. On this 18th day of August i9 75 , before me,
<br />COUNTY OF HALL
<br />the un er i red, a Nota P blit in a d for said County, personallycame
<br />Burhl Gil pin' and Bonnie. L. Gilpin, each in his and �i�er own r` g it anT as spouse of . eacn
<br />other,.- who are ' personally known to
<br />me t be the ii entrcai personS ---whose names are affixed to the above instrument as mortgagor' S and they severally
<br />�.. JAbir� �;V ryL,^ t
<br />ack wled e f ie said ms rument.to'be thej r voluntary act and deed.
<br />t_
<br />WITNESS,my hand :and N& axial Seal the date aforesaid.
<br />Cnt
<br />Co�nod ex�riesYpires
<br />bei
<br />/ Notary Public
<br />3-73-2M
<br />
|