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0 8..87.. Fil reconq
<br />09
<br />Je07sher; Register. of Deeds,
<br />Hall County Nebraska
<br />MORTGAGE
<br />21,831
<br />MORTGAGE LOAN NO. L
<br />KNOW ALL �EN BY THESE PRESENTS:' That Kim E. Marco and Kathryn M� Marco,.each in his.and her
<br />own. right alid-as spouse of each other, Mortgagor, whether one or more, in c I onsideration of the sum of
<br />Twenty-three Thousand Two Hundre'd.and No/100 ------------ ----------------------- DOLLARS
<br />loaned to I said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska; Mortgagee, upon 232 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21,831 do hereby grant, convey 'and . mortgage unto the -said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT EIGHT (8)1IN JACK VOSS SUBDIVI*SION,-BEING
<br />PART OF W -,SW-, OF SECTION 2, TOWNSHIP 11 NORTH,
<br />RANGE 10, WEST OF.THE 6TH P.M., HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows,i awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equ pment 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 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 the sum of S 23 200. 00 . payable to said ASSOCIATION and 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 the performance of any pf the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of -the mortgaged premises and tile 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 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 remailing, 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 the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Cofidition, That if the said Mortgagor sliall 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 on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 23 , 2.00. 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 thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premisq; keep and comply
<br />with all the agreements and conditions of the Bond For s 23 200. 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 voidi otherwise they
<br />sliall 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 />pay * ments 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 the real estate mortgaged herein, by sale or otherwise, then the entire remaining ind . ebtedness -hereby
<br />secured shall, at the option of The Equitable Building and Loan Association ofGrand 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 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 Associati6n 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 Bond sccured -hereby, while this mortgage remains in effect the . mortgagee may hereafter advance addi - tional 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 t - he fur�ds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mort g
<br />Dated this 1 7th day of September 1975
<br />Kim E. Marco Kathry M. -Ma
<br />STATE OF NEBRASKA, ss. On this 1 7th day of September 19 7 5 before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Kim E. Marco and Kathryn M. Marco, each in his and her own ri,ght an4*as spouse.of gach
<br />othei-,- who are persona y known to
<br />me to be the identical person S whos e name s are - affixed to the above instrument as mortgagor S and they severally
<br />acknowledged the said.instrument to be their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />G 'ENERAL
<br />StCt:� of. Nebraska Notary Public
<br />3.13-2M*
<br />r.,,y Commission'Expires
<br />e
<br />J4.vcmbir 1.2, 1975
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