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<br />009889. JedK Fisher,: Register of Deeds
<br />Hall'County', Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L21,835 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Vance A. Stott and Linda S. Stott, each i.n',.h i s and her—
<br />own right a'nd as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty—two,Thousand Three Hundred and No/100 -------------------------------------- UOULARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 323 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 835 MG .do hereby grant, convey and mortgage unto the said ASSOCIATION the . following
<br />described real estate, situated in, Hall County, Nebraska:
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<br />Lot Eight (8) in "Husman's Subdivision", to the
<br />city of Grand Island,.Hall Counity, Nebraska.
<br />together with all tile tenements, hereditaments 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 thereto, pumps, stoves,
<br />refrigerators, and o,the.r fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And wlicrcai 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 tile buildings on said premises situated in the sum of S 32 300 . 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 of 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 the mortgagor hereby assigns, transfers and sets over to *tile
<br />mortgagee all the rentsi revd * nues and income to be derived from the mortgaged premises during such time as tile mortgage indebtedness shall remain
<br />unpaid; and tile 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; tile balance remaining, if any, to' be
<br />applied toward tli6 discharge of said mottgage 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 sam6.
<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 p ' f 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 securc&thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 32 300 . 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 premises;ke&o and comply
<br />with all tile agreementi and conditions of the Bond for S 32 300 . 00his day given by'the said Mortgagor to said ASSOCIATION, and comply
<br />with all [lie requirements of tile Constitution and By -Law§ 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 the 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 />f�rtlicr notice, and the amount remaining due under said bond, and any other bond'for any additional advances made thereunder, shall, ftdm'tlie
<br />date of exercise of said option, bear interest at tile maximum legal rate, and this mortgage may then be foreclosed to satisfy tile 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 />A I s provided:in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to tile
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the'security of this mortgage the same as tile funds originally
<br />secured thereby, the --total amount of principal debt not to exceed at any time tlic-original amount of this mortgage.
<br />Dated this C I? I?— day of A. D., 191"6-
<br />1 J,; � , . :4, ) —
<br />Vance A. Stott Linda S. Stott
<br />STATE OF NEBRASKA, ss On this 22nd day o f September 19 7 5 before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />.Vance A..Stott and Lin,da S. Stott, each in his and, her own right
<br />a as spous6 of each.oth.er who are personally known to
<br />eMeff person s whose nam I e S affixed to the above instrument as mortgagor S, and they severally
<br />e
<br />i str,ument to.be. their voluntary act and deed.
<br />TN S my hand and Notarial Sea] the date aforesaid.
<br />ission expires
<br />Ek
<br />Notary Public
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