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<br />101C.RnFlINIM
<br />010005 Je& Fisher, Register of.Deeds,'
<br />MORTGAGE Hall County, Nebraska
<br />MORTGAGELOANNO. .'L 21,787
<br />KNOW ALL MEN BY THESE PRESENTS: That
<br />Lynn K. Grabill and Donna M. Grabill, each"in his and
<br />her own right and as spouse of the.other, Mortgagor, whether one or more, in consideration of the sum of
<br />.Ten Thousand and,No/100 ------------------------------------------------------- 7 -----DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 100 -! shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 787 1 do hereby grant, convey and mortgage unto the- said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT NUMBER FIVE (5) ISLAND ACRES NO 9, BEING A SUBDIVISION
<br />OF LOT;22, ISLAND ACRES SUBDIVISION, IN GRAND ISLAND, HALL
<br />COUNTY NEBRASKA.
<br />together with all the tenements, here ' ditaments 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 theyeto, 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 assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured, thereby before the same sliall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of Sl 0 000 . 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; i .
<br />In case of default in the perform ' ance 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 posse ' ssion of the mortgaged premises and the mortgagor licreb� 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 indebiedness shall remain
<br />unpaid; and tile mortgagee sliall have the power to appoint any agent or agents it may desire for the purpose of repairing said piernises 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 remaining, if any, to be
<br />applied toward the discharge. of said mortgage indebtedness; these rig!its of the mortgagee may be exercised at any time during the existence ofsucli
<br />default, irrespective of any temporary %�aiver of the same.
<br />These Presents, however, are up6n the Condition, 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 tile 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 �l 0 0 00.00 . payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and in?urance 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 prcmises;keeo and comply
<br />with all tile agreements and conditions of the Bond for S . 10 000. 00 this day given iiy 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 sliall become null and void, otherwise they
<br />shall * remain in full force and may be foreclosed at the option of the sai ' d 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 herci n, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured sliall, 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 the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy tlic.amount due on said
<br />bond, and any other bond for additional hdvances, 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 />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 sliall be within the security of this mortgage tile same as:tlie Rinds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated tl 5 day of August A. D., 19 7 5
<br />4.XM AfjtJV
<br />n C-Gr`abill Donna M. Grabill
<br />STATE OF NEBRASKA,
<br />ss. On this 25th day. of August 1975 , before me;
<br />COUNTY OF HALL
<br />tAe� undersigned, a Notary Public in and for said County,personally ca
<br />Lynn K. Grabill and Donna M. Grabill, each in is and her own right -and as spou e of eac
<br />personally known to
<br />other, who are
<br />me to be the ideIntical person S whose name s are affixed to the above strumen as mortgagor S and.' t severally
<br />t�h
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />WITNESS my hand and Notarial e date aforesaid
<br />My-icommissioliriiiii-reP. OLSON
<br />RAL NOTAIRY
<br />�_-,qe of Nebraska - otary Pub&C
<br />3-73-2M Cor hmission Expires
<br />N ve ber 12, 1975
<br />o m
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