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<br />J, Jean Fisher, -R egister of Deeds,�
<br />H a �e'
<br />11 County, �raska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21811
<br />KNOW 'ALL MEN.BY THESE PRESENTS: That C harles-R., Babel and Mary F. Babel, -each in His and her
<br />own right and.. -as spouse.of each other, Mortgagor; whether one o . r more, in consideration of the surn of
<br />Six Thousand Eight �undred and No/100--� ------------------------------------------ 7 ---
<br />..DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 68 Shaies of stock'of
<br />said ASSOCIATION,, Certificate No. L 21811 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />�1011
<br />THE NORTH HALF (N-,) OF LOTS SEVEN (7),
<br />EIGHT (8) AND NINE (9), IN BLOCK.TWELVE (12),
<br />OF BRETT AND. JOHNSON'S ADDITIONJO- THE TOWN
<br />OF WOOD RIVER, NEBRASKA.
<br />together with all the tenements, hereditamc.nts and a0purtenances thereunto belonging, i'cl6ding attached floor coverings, all *window screen"s
<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 ass6ssments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the. same sliall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 6 800. 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, tll� mortgagee slial , 1,
<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 niortgagee sliall 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 ofstich
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said 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 in the Bond secured hereby as interest and principal on said loan, on or before
<br />tile Twentieth day ofleach 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 iliereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 6 800. 00' payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance i 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 6 800. 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />wiih all the requirements of the Constitution and By -Laws of'said ASSOCIATION; then. these �resents shall become null and voi ' d, otherwise they
<br />sliall remain in full force. and may be foreclosed at the op . tign of the said ASSOCIATION after failure for, three months to ' make any of said
<br />payments or be three ionths in arrears in making said niontlil payments, or to keep and cornp�y with the agreements and conditions of said Bond;
<br />in y
<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 sliall, at the option of The Equitable Building and Loan Association of Grand Island, Nbbraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additiohal advances made thereunder, sliall, fr6m the
<br />date of exercise. of said option, bear interest at the maximum legal rate, and this mortgage nia�. then be foreclosed to satisfy the amount due on said
<br />bond, and any other bo - nd for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insuranc�, 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 in I ortgage 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 sliali 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 />Q d this 9th dayof September A.D., 19 7 5
<br />n-
<br />--Cff arTe s R-. b a b el Marj F. B bel
<br />STATE OF NEBRASKA, ss.' Oil this 9th day of September 19 7 5 before me,
<br />COUNT' j
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Charles R. Babel and, Mary F. Babel, each in his and her own right and as spouse of each
<br />who are personally known to
<br />ersons whose na 'me s are affixed to the above instrument as mortgagor -S and they severally
<br />a ck-*4�'i6 g their volu
<br />d*e�tji'&-�aid i��trument to be ntary act and deed.
<br />NVITNE5S my hand and Notarial Seal the date aforesaid.
<br />NM Y Co
<br />minission expires
<br />E., 12,
<br />V Notary Public
<br />�3-73�2M.�
<br />1", /�, , 9.
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