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Fs ed for record, EU X 9 75 at e/9 obi. , 'n B ok /�o
<br />V.ICROMNPage_-` s4� ���rJ "
<br />�` no 319 �" Jeaen�Fisher, Register of Deeds,
<br />Hall County; Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 2.1 ,792•
<br />KNOW ALL MEN BY THESE PRESENTS: That Wayne E Stearl ey and Joyce Stearl ey, each i n his and
<br />her own right and as spouse of each Other, Mortgagor, whether one or more, in consideration of.the.sumof
<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 ,792 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />i
<br />LOT SIX (6), IN BLOCK FOURTEEN (14), IN COLLEGE ADDITION
<br />TO WEST LAWN, IN THE CITY OF GRAND ISLAND, NEBRASKA.
<br />i
<br />to 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 Sl 0 , 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 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 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 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 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 therednder, 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 th6 amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said Tile 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 />Da d this 27th August D., 1975
<br />/ '
<br />Wayne Stearley Joy¢ 'Stearley `
<br />STATE OF NEBRASKA, ss. On this 27th
<br />COUNTY OF HALL
<br />Wayne E. Stearl*ey.and Joyce Stearley, each in
<br />other
<br />day of August 1975 , before me,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />his and her own right'and as spouse of each
<br />who are personally known to
<br />me to be the identical person whose name S are affixed to the above instrument as mortgagor S and theyseverally
<br />acknowledged the said instrument to be their voluntary act and deed..
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />�i MyCdifin1 ksi61id9c fr1res
<br />Gri f AL I\OTARY
<br />1 GCt-r/ 7
<br />Notary Publ ,
<br />3-.73.2M 7 • r: nines
<br />�� -- i', 1975
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