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<br />I a 1 o r r e ir ri r _�d Z 9 -S� at _zl in,Boo' -if
<br />Fil d for re dx4— - --7-.
<br />gag'e
<br />Of — Je isher, Register of Deeds, OZ
<br />009860- raska,
<br />Hall CountY, Neb
<br />MORTGAGE
<br />1,834� MGIC
<br />MORTGAGE LOAN NO. L
<br />KNOW ALL ME . N BY THESE PRESENTS: that Steven G. Durham and Roberta K. Durham, eachjn his and
<br />her own right and as spouse of each'o.ther, Mortgagor, whether one or more, in consideiationof the sum of
<br />Nineteen Thousand Five Hundred and No/100 ----------------------------------------
<br />DOLLARS
<br />loaned to said mortgagor by The Equitab.le Buildi I ng and Loan Association. of Grand Island, Nebraska, Mortgagee, upon 195 �sh I ar.es of stock of
<br />said ASSOCIATION, Certificate No. L' 21 834' MG I Cdo hereby grant, convey and 'mortgage unto tile. said ASSOCIATION ille following
<br />described real estate,, situ�tcd in Hall County, Nebraska:
<br />THE NORTH FORTY-FIVE (45) FEET OF LOT SIX (6),
<br />IN,BLOCK ONE (1), OF HEYDE'S ADDITION TO GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA, BEING A
<br />RECTANGULAR PIECE OF GROUND 45 BY 151 -FEET
<br />IN SIZE,.HAVING A WEST FRONTAGE OF 45 FEET
<br />ON.PINE STREET'AND EXTENDING TO THE ALLEY IN
<br />SAID BLOCK.
<br />together with all the tenements, hereditaments and appurtenances thercunto belonging, including attached floor coverings, all window screensi
<br />window shades, blinds, storm windows, awnings,- heating, air conditioning, and plumbing and water equipment and accessories tlierkd, 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 t . his 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 the sum of S 19 500 . 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 conditions of this mortgage -or the bond secured hereby, th.e mortgagee shall,
<br />on demand, be entitled to immedi i ate possession of the mortgaged premises and the mortgagor hereby -assigns, transfers and sets over to the
<br />mortgagee all tile 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 tile 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 tile same and of collecting renta S. therefrom; the balance remaining, if any, to be
<br />applied toward the discharge o ' f said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, a . re 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 s�id,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 19 5 00. 0 0 pa�able
<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 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 19'9 5 00 . 00 this day given b� the said Mortgagor to said ASSOCIATION, and comply
<br />with all tile requirements of tile 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 liereby
<br />secured shall, at the option of Tile Equitable Building and Loan Association.of Grand Island, Nebraska, become immediately due andpdyable without
<br />further notice,'and the amount remaining due under said bond, and any other bond for any additional advancesillade thereunder, shall, from the
<br />date of exercise of said optionj 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 extensi6n charges, with interest thereon, from date of payment' at the maximum
<br />legal rate.
<br />As provided in tile Bond secured hereby, while this mo*rtgage 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 t1lis 1910 day of September A.D., 19 7 5
<br />7 A-1
<br />5te-ven G. Durham Rbberta 1 11
<br />'STATE OF NEBRAS", ss. On this 1 9th day of September 19!75 beforeme,
<br />COUNTY OF HAL L
<br />the uhilersigned, a Notary Public in and for said County,:Personal�y came
<br />Steven G. Durham and Roberta K. Durham, each in his.and.her own right and as spouse OT
<br />pers6nally known to
<br />each,other,,. who are
<br />me to be the ideritical -person S whow-AaMe'S." ar and they severally
<br />ixed to the above instrument as mortgagor S
<br />%,A E
<br />acknowledged the said.instrument to be nd deed.
<br />'o
<br />WITNESS my hand a4'N�talia ealjtfte�date e d.
<br />;5_S1
<br />xpires
<br />My Commission e' . i;"
<br />Notary Public
<br />A
<br />3-73-2M,
<br />
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