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Fi or record 4JZ,5-/z0A- A, 11,�n B A
<br />-0 9,"2 Pase—
<br />t dr of Deeds,
<br />01032T JJ Fisher, Resis
<br />MORTGAGE Hall County, Nebraska
<br />MORTGAGE LOAN NO. L 21,852
<br />KNOW �LL MEN BY THESE PRESENTS: That Ben L., Robertson and Tedda L. Robertso n, each in his 'and
<br />her own right and as.spouse of each other, Mortgagor, whether one or more, in consideration of the . sum 6f
<br />Nineteen Thousand and No/100 ------------ 7 ------------------------------------------
<br />DOLLARS
<br />loaned to said mortgagor by The Equitable Building andLoan Association of Grand Island., Nebraska, Mortgagee, upon 190 ' shares of stock of'
<br />said ASSOCIATION, Certificate No. L 21 852 do-liereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT FOUR .(4) IN BLOCK ELEVEN (1.1.) IN
<br />ASHTON PLACE, AN ADDITION TO THE CITY OF
<br />GRAND ISUAND, HALL COUNTY, NEBRASKA.
<br />together with all tile tenements, liereditaments and apourtcnances 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 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 shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in tile sum of S 19 , 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;
<br />In case of default in tile 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 the
<br />mortgagee all the -rents, revenues and income to be derived from the moitgaged 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 remaining, if any, to be
<br />applied toward tile discharge of said mortgage indebtedness; these rights of the mortgagee. may be exercised at any time during the existence ofsuch
<br />default, irrespective of any temporary waiver of the same.
<br />These Prese�ts, however, are upon the Conditi . on I , That if the said Mortgagor shall rep . ay 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 19 , 000. 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 legM 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 , 000. 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all tile requirements of the 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 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 />ft�rtlier notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, frorh-,the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisf� tile amount due on iaid
<br />bond, and any other bond for additional advances, together with all surris paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxe's and assessments, and abstracting extension charges, with -interest thereon, from date of payment at tile maximum
<br />legal rate. . 'I
<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, tile total amount of principal debt not to exceed at any time tile original amount of this mortgage.
<br />Dated this 14th day of October A.D.,ig 75
<br />1':Q,0
<br />Ben L. Robertson Tedda L. Robertson
<br />STATE OF NEBRASKA, ss On this I 4th day of October 19 75 beforeme,
<br />COUNTY OFHALL : '
<br />Ile uTdqrsigned, a Notary Public irl aqd for sai Count personal ame
<br />Ben L. Robertson and Tedda L. Robertson, eachtin is and her own righ- as �, 10
<br />pouse
<br />each her., who are personally known to
<br />persons whose name S are affixed to the above instrument as mortgagor S - and they, severally
<br />their
<br />'9"tbe strument to be -voluntary act and deed.
<br />&A
<br />'/-%VTN S my hand and Notarial Seal the date aforesaid.
<br />(-:0TARY
<br />Y. issioh exf
<br />)ires
<br />EXPIRES Z
<br />ary Public
<br />OF N VA.
<br />
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