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Fifor ecorc� o? ssia/t . , in oo
<br />ed
<br />MICROFILMED n of J–� p%' age__L' �/
<br />�! 19 3) 8 11 1. Je Fisher,. Register of Deeds,
<br />-- Ha11County,;Nebraska-
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21;777.:
<br />KNOW ALL MEN BY THESE PRESENTS: That Roscoe r. Heater and Evelyn ,'Heater, each i n . his and her
<br />own right and.as spouse of each other,
<br />Mortgagor, whether one or'more, in consideraiionof the sum of
<br />Thirteen Thousand Six Hundred and Noltoo------------------------=--=---=-=----=- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Associa IhIion of Grand Island, Nebraska, Mortgagee; upon .136 shares of stock of
<br />said 'ASSOCIATION, Certificate No. L 21,777 , do her by grant, convey and mortgage.unto the said ASSOCIATION ,the following
<br />described real estate, situated in Hall County, Nebraska: .
<br />LOT SEVEN (7) •Iii O'NEILL SUBDIVISION OF A
<br />PORTION OF BLOC-. THREE (3), PLEASANT HOME
<br />SUBDIVISION IN "HE :CITY OF GRAND! ISLAND,':
<br />HALL COUNTY, NEkRASKA.
<br />i
<br />together with all the tenements, hereditaments and appurtenances hereunto belonging, including attached -floor coverings, all ;window screens,
<br />window shades, blinds, storm windows ;• awnings, heating, air conditio ling, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attach d t$ -or used in connection with said real, estate.
<br />And whereas the said mortgagor has agreed and does hereby ag ,e 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 se'ured=,thereby before the'same shall'beeome delinquent, to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S �13 ,600.00 payable to said ASSOCIATION and :to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or p rmit'any waste on or about said premise's;
<br />In case of default in the performance of any of the terms and c Inditions of this mortgage or the bond] secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged p �mises and the mortgagor; liereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the r�iortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent c agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and.1t may pa3 out 'of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in 'renting and managing the sam and of collecting rentals ;therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these righ�s 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 sai I Mortgagor sliall repay said loan on, or before the maturity of.*said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified it the Bond secured hereby as interest grid 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 i �su6hce upon the buildings thereon in the sum of S 13,6'00.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand a 1 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 Mo tgagor 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 '13',600 . 0 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 ASS JCIATION; 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 paym nts :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 fo fefclo'sure proceedings.
<br />If there is any change in ownership of the real estate mortgaged I Grein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Associ tion of Grand Island, Nebraska, become immediately due and'payable without
<br />further notice, and the amount remaining due under said bond, an 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 />bend, and any other bond for additional advances, togetherwith all suris paid by said The Equitable Building And Loan Association,of Grand Island,
<br />Nebraska for insurance, taxes and asse$sments, and abstracting extensi n charges, with interest 'thereon; from date of payment at ;the maximum
<br />legal rate. F
<br />As provided in the Bond secured hereby; while this mortgage re pains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interesv,-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 a �y time the original amount of this mortgage-.
<br />Dated this 9t day of August.A. D., 19 175
<br />Ci
<br />R scoe T. Heater Evel Heater
<br />STATE OF NEBRASKA,
<br />ss. On this 19th August' 75'
<br />COUNTY OF HALL } 4 day of g 19 ;before me,
<br />the undersigned, a Notary Public in 'and for said County; person 11 came
<br />Roscoe T. Heater and Evelyn Heater,. 'each in his and• her own right and as spouse of.eaci, other,
<br />who are ,personally known to
<br />me to be. the identical person S whose names are affix `d to the above instru ortgagor S and they severally
<br />cknowledged-the-Sa�dN �nl iC�C�' e— heir voluntary act "nd deed.
<br />Iu
<br />W ; � �lityj p o pd otarial Seal. the date afores id
<br />M�1Gomfilis§i es 4
<br />My Commision Ex /
<br />'`ovcmber 72, 197 Notary Public . .
<br />373-2M
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