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<br />I G of. Pag'e SRO
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<br />e a Fisher, Register of D�;o
<br />Hall County,"Nebraska
<br />MORTGAGE
<br />�818
<br />MORTGAGE LOAN NO. L 21,
<br />KNOW ALL MEN BY THESE PRESENTS: That Karen A. Paro, a single person,
<br />Mortgagor, whether one.or more, in consideration of the sum of
<br />Five Thousand Six Hundred and No/100 ------------------------------------------------ DOLLARS
<br />loaned to said mortgagor by Tile Equitable Building iind Loan Associationof Grand Island, Nebraska, Mortgagee, upon 56 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 818 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estatb, situated in Hall County, Nebraska:
<br />LOT TEN (10) IN.BLOCK SEVEN (7)
<br />IN BOGGS AND HILL'S ADDITION TO
<br />JHE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA, ASSURVEYED,
<br />PLATTED AND RECORDED.
<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.asse.ssments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same sliall become delinquent'; io furnish approved
<br />insurance upon the.buildings on said premises situated in tile sum of S 5 600 00 payable to� said ASSOCIATION and to. deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permi� any ;�aste 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; ilie mortgagee sliall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers arid s6ts over to tile
<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-�he existence ofsuch
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if tile 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 oil 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 5 600. 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it . paid for such taxes, assessments and insuiplice'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 5 600. 00 this day given by the said Mortgagor to said ASSOCIATION, and comply.
<br />with all.the requirements of the Constitution and By -Laws o� said ASSOCIATION; then these. presents sliall become null an& voidi otherwise they
<br />shall remain in full force and may be foreclosed at the option of the s*aid ASSOCIATION after failure for three months t . o 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 con - ditions 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 Ifereby
<br />secured shall, at,the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due andpayable without
<br />further notice, and tile amount remaining due under said bond, and any other bond for any additional advances made'thercdnder,c 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 thd 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 1 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 1 Oth day of September A.D., 1975
<br />Karen A. Paro
<br />STATE OF NEBRASKA,
<br />COUNTY OF HALL ss. On this 10th day of September 19 7.5 before me,
<br />the undersigned, a Notary Public in and for said County', personally came
<br />Karen A. Paro, a si*ngle person,
<br />who S. !personally known to
<br />Ned to the above instrument as mortgago and she. —seyeraily
<br />.me to be the identical person whose. iffi
<br />E
<br />acknowledged the.said instrument to �be voluri�iry �ct and deed.
<br />WITNESS my hand andN rihl qqLliwdste afb,resai
<br />X
<br />My Commission
<br />ii expires
<br />ires
<br />E7 7)0
<br />3 7'3-2M ec. '7 Notary Public
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