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<br />010372 or- Page. 2ZA-Af - ` I I
<br />ezjste 'r
<br />Je vishe
<br />CROFILMED is, r, Rezist* r'of Deeds,
<br />MORTGAGE Hall, C ourity,, Nebraska
<br />MORTGAGE LOAN NO. L .21,836.
<br />KNOW ALL MEN BY THESE PRESENTS: That Beverly A. Redwine and William E. Redwine., her husband,
<br />. Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty-six. Thousand Five Hundred * and No/100 ----------------------------------- -IDOLLARS'
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 265 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 836 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT THREE (3) BISHOP HEIGHTS SUBDIVISION,
<br />PART OF THE SW3,--OF THE NWJ,- OF SECTION 11, TOWN-
<br />SHIP 11 NORTH, RANGE 10 WEST OF THE 6TH P.M.
<br />HALL COUNTY,'NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging; including attached floor coverings, all window screens,
<br />windo w* 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 hireafter attached to or used in connection with said real estate.
<br />And whereastthe 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 tI)e buildings on said premises situated in the sum of S 26 500. 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 &hall,
<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 dufing such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee sliall 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 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 �y
<br />payment; pay monthly to said ASSOCIATION of. the sum specified in the Bond secured hereby as interest and principal on silid loan, on or before
<br />the Twen.ticth 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 26 500. 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 tile agreements and conditions of the Bond for s 26 500. 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 void, otherwise they
<br />sliall remain in full, force and m ay 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 coinply with the agreements and conditions of said Bond;
<br />and Mortgagor agree �s 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 tlie�.option of The Equitable Building and Loan Association of Grand Islarfd, 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, togethe'r 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 inter�si, which sums sliall be within the security of this mortgage the same as the funds originaIly
<br />.secured thereby, th.e total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />ted this .23rd ay of September A. D., 197 5
<br />Beverly A.9edwine
<br />William E. Redwine
<br />STATE OF NEBRASKA, ss. On this 23rd 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 />Beverly A. Redwine andWilliam E.' Redwine, her husband
<br />'who are
<br />me to be the identical person S whose names . are affixed to the above instrument as mortgagor S
<br />acknowledged the said instrument to be ' their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />My Commission expires
<br />DOROTHY M. FERGUSOil
<br />3-73-2M GENERAL NOTARY
<br />State of Nebraska
<br />_i. , M -i Commi ssion ExHires
<br />July 3i, 1977
<br />personally known to
<br />and they severally
<br />Notary Pubffc
<br />
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