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<br />:r /f 7,-5 at ",.,6 _�I�naok
<br />..age _6�
<br />0 . 0999*0 Register -of'Deeds,
<br />Hall Cbuiity, Ne*bras'ka
<br />MORTGAGE
<br />MORTGAGEL . OAN NO. L 21827 MGIC
<br />. a
<br />KNOV�LL'MtN BY THESE PRESENTS: That
<br />Almira L. Michel, a single person
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Eighteen Tftousand Nine Hundred and No/100 ----------------------------------------- DOLLARS
<br />loaned to said mp'rtgagor by The Equitable Building and -Loan Association of Grand Island, Nebraska, Mortgagee, upon !89 shares of stock of
<br />sa . id ASSOCIAT16N, Certificate No. L 21827 MGICd. ; .
<br />I o hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in -Hall County, Nebraska:
<br />LOT THREE C3),.IN BLOCK FORTY TWO (4Z), IN RUSSELL
<br />WHEELER'S ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA
<br />ACCORDING TO THE. RECORDED PLAT THEREOF.
<br />together with all the tenements, hereditaments and appurtenances thercunto 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 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 assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secyrgd 616cyby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 5 .00 payBle 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 tile 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 the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall rem am
<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 minaging the same and of collecting rentals therefrom; the' balance remaining, if any I 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 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 />tile 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 sl 8 900 . 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; keep and comply
<br />with all the agreements andconditions of the Bond for Sl 8 90 PAPPO this day given by. the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By-La%ys ot sai CIATION; then these presents sliall.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 condi�ions of said Bond;
<br />and P-lortgagor 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, from�'tlie
<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 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 the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage 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 />,.,.Pated this 16t dayof — September A.D., ig 75
<br />Almira L. Michel
<br />STATE'OF NEBR ASKA, � ss. On this day of , before me,
<br />COUNTY OF. HALL 16th September IN
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Almira,L. Mich el, a single person who i S personally known to
<br />me to be the identical person whose name is affixed to the above instrument as mortgagor and he _%vmA�y
<br />a&nowletigcd-thnq�l- n rWn tT�p' her Voluntary act and dded.
<br />JiAkv i r . TL_
<br />MTNgSsiny.h:iffd-1`,4hd otariaIS61 the date aforesaid.
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