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<br />J e -Zn Lr -i s h e r Reg I i s . ter of Deeds,
<br />MORTGAGE Hall County, Nebraska
<br />'T C
<br />MORTGAGE LOAN NO. L 21817 MG
<br />KNOW ALLAEN BY THESE PRESENTS: That
<br />Steven C. Avila and.,Cindy J. Avila, each in'his and her
<br />ow6 ri-g'h.t and as spouse of each other,
<br />M
<br />ortgagor, whether one or more, in consideration of the sum of
<br />Twenty—T�r6� Thousand Five hundred and No/100 ------------------------------ ------- DOLLARS
<br />]called to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon . 2�5: shares of stock of
<br />said ASSOCIATi ' ON, Certificate No. L 218J 71 . GIC do hereby grant, convey' 'and mortgage unto tile said ASSOCIATION the following
<br />described real estate, situated in Hall County, ebraska:
<br />LOT THIRTEEN (13), IN BLOCK "C" IN PARKVIEW SUBDIVISION,
<br />AN ADDITIO.N-TO THE CITY OF. GRAND ISLANQ, HALL COUNTY.,:
<br />NEBRASKA,.,LOCATED IN THE NORTHEAST QUARTER (NEQ OF
<br />SECTION TWENTY-NINE (29), AND THE NORTHWEST QUARTER
<br />(NW -'4) OF*SECTION TWENTY-EIGHT (28),.ALL IN TOWNSHIP,
<br />ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M.,
<br />HALL COUNTY, NEBRASKA.
<br />together with q'11 the tenements, liereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storin windows, awnings, heating, air conditioning, and plumbing.and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or'liereafter attached to or used in connection with said real, estate.
<br />And wlierda� 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 silid premises and upon this mortgag'c.and the bond secured. thereby �61`brc the same shall become delinquent; to furnish approved
<br />I I
<br />insurance upon,tl�e buildings on said premises situated in the sum of S 23 . 500 00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION -the policies for said insurance; and rio,t to commit or perirji� any ��aste,on, or about said premises;
<br />III case 6�1` default in the performance of any of the terms and conditi6ns of tllis�mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, bq -entitled to immediate possession of. file mortgaged premises and th6 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 tile, mortgagee shall have the power to appoint any agent or agents it ma�: , 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 r ' enting 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 mortgag�e may be exercised at any time during the existence ofsuch
<br />default, irrespc'ctive of any temporary waiver of the same.
<br />These Presents, however, are upon tile 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 seculed 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 leviedagainst said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon t ' liebuildiiigstliereonintliesumofS 23,500.00 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 liereby.agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 2 th is day given.by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws .4 95MRSSRIATION; then these presents shall become null and void, otherwise they
<br />a
<br />shall remain in full force and may be foreclosed at tile 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 ofsaid Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If iliere.1 - s'any change in ownership of tile real estate mortgaged herein, by sale* or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at tile 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 tile 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 sunis paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, wit li:�in te rest thereon, from date of payment at the inaximurn
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sunis to th I c
<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 originall I y
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Datcd* I his 1 Oth day of September A.D., 19 7 5
<br />Steven C� Avila
<br />Cindy J. �Avij/a,
<br />STATE Or, ' NEBRASKA, ss. On this 10th day of. September 19 75 before m6,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Steven..C. Avi*la and Ci*ndy J. Avila, each in his and. her.own right
<br />who a re personally known to
<br />and as..spouse'of each other
<br />r
<br />me to be the identical person S whose name' i'aitiked to the abo�c instrument as mortgagor.' and seveially
<br />they
<br />acknowledged the said instrument to be t h'lbi� -,�oiuR a'n'd deed.
<br />WITNESS my hand and Notarial.s�dl thedate afollesaid
<br />My Commission expires I
<br />Notary Public
<br />3-73-2M 7,
<br />.4i
<br />OF Ili
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