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Filed for record aty.'iG G' td:, n Book i_2o
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<br />L%; Jean Fisher,'Register, of Deeds,
<br />MORTGAGEJ,1ICROFILME1T Hall County, Nebraska
<br />MORTGAGE LOAN NO. L-21810
<br />KNOW ALL MEN BY THESE PRESENTS: That C1 arenCe F. Burris and. E1 i zabeth R. Burris ,' each in-
<br />;
<br />his and her own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideraiion_ of the sum of
<br />Twenty. -eight Thousand Seven Hundred and No/100--------------------------------=-
<br />DOLLARS
<br />loaned to said mortgagor by The .Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 287 shares of stock of
<br />said ASSOCIATION; Certificate No. 1,21810 ,.do.hereby grant, convey and*' mortgage unto the said ASSOCIATION the following
<br />described real-estate, ,situated in Hall County, Nebraska: '
<br />THE. NORTH SEVENTY-FIVE (75) FEET OF THE WEST
<br />ONE-HALF OF BLOCK.SEVEN (7), PLEASANT HOME
<br />SUBDIVISION, AN. ADDITION TO THE CITY OF GRAND
<br />ISLAND, NEBRASKA.-
<br />together
<br />EBRASKA:
<br />together with all the' tenements, liereditaments 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 28 700 , 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 defaultin the performance of any of the terms and conditions of this mortgage or the bond secured hereby, themortgagee 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- tliere'from;: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, lio>vever, 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 lieieby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan isfully paid; pay all taxes and assessments levied against said premises and.on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnisliapproved insurance upon the buildings thereon in the sum of S 28 , 700.00 : payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid forsuch taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees topay; permit no waste on said premises;keep and comply
<br />with all the agreements"and conditions of the Bond for S 28 700 , 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 foree 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 areceiver 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 tl!e 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 tine
<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 />gated this 8th day of September /,A. D.;.19 75
<br />Clarence F. Burris h 11 zQn
<br />th K. Burris
<br />STATE OF NEBRASKA, ss. On this 8th day of September 19 75 , before me,
<br />COUNTY OF HALL
<br />Clarence F: Burris and .E1 i zabeth R. Burris, ea�'i� uTAegjgpgd,�I.�jjtjj uba�Cl t t aida�8nnty, personallycamc
<br />as.. se of each other, who are personally known to
<br />tlZ be M9(delllthei r
<br />nerson S whose name S are affixed to the above instrument as mortgagors and they severally
<br />a��,aaose a ,(l�
<br />Itwledgec the s�aid'ihstrument to be voluntary act and deed.
<br />o '<NITNESS my hand and otarial Seal the date aforesaid.
<br />ommission ex!res
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<br />otary Public
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