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<br />MORTGAG]Yt-611410'.It_�, NaMN
<br />KNOW ALL MEN BY THESE PRESENTS: That Melvin G. Munsinger and Cheryl M
<br />.,unsinger, each in his and
<br />her own right and as spouse of each other, 'ide r
<br />Mortgagor, whether one or more, in cons ation of the,sum of
<br />Twenty-four�Thousand Eight Hundred and No/100 ------------------------------------------ DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon -248 1 �'sfiares of stock of
<br />said ASSOCIATION, Certificate No.,L 21 820 do hereby grant, convey and mortgage unto the said ASSOCIA�IbN tile following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT TEN (10) IN BLOCK EIGHlY NINE (89)
<br />IN WHEELER AND BENNETT'S FOURTH ADDITION
<br />p
<br />TO THE CITY OF GRAND ISLAND, NEBRASKA.
<br />togetller� with all the tenements, her ' editaments 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 th�rcto, 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 tile mortgagor shall and will pay all taxes and a'ss6ssments levied or
<br />assessed upon said premises and uport' this mortgage and the bond secured thereby before tile same shall become delinquent;!to'furnisli approved
<br />insurance upon the buildings on said premises situated in tile sum of S 24 800. 00 payable to said 'ASSOCIATION arild. 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 tile performance of any of the terms and conditions of this mortgage or the bond secured hereby,'tlie mortgagee shall,
<br />on demand, be entitled to immediate possession of tile mortgaged premises and the mortgagor hereby assigns, transfers afid 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 tile 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 tile same and of collecting rentals therefrom;, the balance remainin" , if any, to be
<br />. 9
<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 tile 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 6n this' Mort g*age
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thercon in the sum of S 24 8 00.00 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 thercon.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 24 800. 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 tile 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 thereunder, shall, fronithe
<br />date of exercise of iaid 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 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 tile' maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage, remains in effect the mortgagee may herea'fter advance additional sums to tile
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the scicurity of this mortgage tile sa 'me 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 thY 1 Oth ay of September A.D., ig 75
<br />Melvin G. Munsino' Cheryl Vnsinger
<br />STATE OF NEBRASKA,
<br />ss. On this 10th day of September '19 75 before me,
<br />COUNTY OF�HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />.Me.lvi,n G. Munsi-nger and Cheryl Munsinger, each in'hi's and her own ri -spouse,of
<br />wh2ht and as
<br />each other,. are personally known to
<br />me to be tile identical person S whose namcS;��ai�e G,�af
<br />9"ed to.the above instrument as mortgagor S and they severally
<br />,act dnd,�Ieed.
<br />acknowledged the said instrument to be their7-.A, voltintafy
<br />re;aia,p
<br />WITNESS my hand and NotaflafSpQi&'�iate'a o'
<br />MyCom mission expires
<br />0
<br />Notary Public
<br />3-73-2M
<br />7.,
<br />0,
<br />
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