|
/Aa_
<br />Fil for re6n-rfl 1h 'J.2 Book
<br />a?-) Page
<br />Je egister 6f Deeds,.
<br />Hall Co�litY, Nebj�aska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L
<br />41
<br />KNOWALL MEN. BY THESE PRESENTS: That Darlene Peterson, a single person '/0
<br />`P0.
<br />1 -No
<br />Mortgagor . . whether one or more, in considerati6ii of the sum 'of
<br />Fifteen Thousand Six Hundred and No/100 ---- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 156 shares of stock of
<br />said ASSOCIATION, teitificate No.L 21V do hereby grant, convey and nlortgage unto the said ASSOCIATION -the following
<br />described real estate, �ituatcd in Hall County, ejraska:
<br />LOT FOUR (4) JN BLOCK THIRTY EIG�T (38) IN
<br />RUSSEL WHEELEVS ADDITION TO TH�t-ITY OF
<br />GRAND ISLAND NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thercunto 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 connectioh with said real estate.
<br />And whereas tile 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 tile sum of S 15 600 . 00 payable to said ASSOCIATION and to, deliver to said
<br />ASSOCIATION tile 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 conditibris of this mortgage br the bond'secured hereby, the'mortgagee shall,
<br />on demand, be entitled to immediate possession of tile mortgaged premises and the mortgagor hereby assigns, transfers and s6ts 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 />tile. 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 -expen§6s 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 tile mortgagee may be exercised at any time during the 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 tb. 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'cacfi and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and bn� this Mortgage
<br />and tlic Bond secured theieby, before deli nquency; furnish approved insurance upon the buildings thereon in the sum of S 15 606. 06 payable
<br />to said ASSOCIATION; repiiy to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insuranc6 with interest at
<br />the maximum legal rate thcreon from date of payment all of which Mortgagor hereby agrees to pay�, permit no waste on said premises; keep and comply
<br />with all tile a
<br />greements and conditions of the Bond for sl 5 6�00 .00 this day given by the said Mortgagor to said ASSOCIATION, and comply'
<br />with all the requirementsb(the Constitution and By -Laws of.said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full forc� and may he foreclosed at the option of tile 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 tile 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 cliange'in ownership of tile real estate mortgaged herein, by sale or otherwis ' 6, then the entire remaining indebtedness hereby
<br />secured shall, ' at tile optio i n of The Equitable Building and Loan Association of Grand I�land, 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 713ond 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 tile same as the, funds originally
<br />secured thereby, tile, total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this . 12th. day of September A.D., 19 -'.7 5
<br />-7
<br />Darlene Peterson
<br />STATE OF NEBRASKA, ss.
<br />on this I Zth day of
<br />September
<br />19 7 5 before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Darl ene Peters on, a
<br />single person
<br />who
<br />IS personally known to
<br />%A - S affixed to the above instrument as mortgagor
<br />r, to �q -thq j. eron whose name
<br />and she s=erzft
<br />ack fifi.,,�il'edj4 th'&,,aid 1 i,rument to be
<br />�w
<br />her voluntiry act and deed.
<br />F" '�NqTN S my hand and
<br />"My Ci5mmission
<br />Notarial Seal the date aforesaid.
<br />expires
<br />S
<br />1E.
<br />Notary Public
<br />3-73:2M
<br />e0r
<br />(2
<br />
|