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<br />jel it'isher, ReEi'ste'.r of D;eds 77
<br />Hal� CountY, Ilebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21,747 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Clay 'K. Hagman and Deborah K..Hagman, each An his and
<br />her own right and as spouse ofthe other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirteen*.Thousand Fifty and No/100 ------------------------------ I -----------------
<br />DOLLARS'
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 131 sharesofstock of
<br />said ASSOCIATION, Certificate No. L21,747 MGICd6hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Fiall County, Nebraska:
<br />LOT SIX -(6), IN BLOCK SEVENTY SIX (76) IN THE ORIGINAL
<br />TOWN, NOW CITY, OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all tile tenements, liereditaments 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 c-quipinent and accessories thereto, pumps,stoves,
<br />refrigeiators, 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 liereby agree that the mortgagor sliall and will pay all taxes and assessments levied or
<br />askssed upon said premises and upon this mortgage and the bond secured thereby before the same sliall beconle delinquent; to furnish approved
<br />insurance upon tile buildings on said premises situated in the sum of S 13 050 . 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 t lie 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 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 pi-emises 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 ofsuch
<br />default, irrespective of any temporary waiver of tile same.
<br />These Presents, however, are upon the Condition, That if the said .Nlortgagor sliall 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 Twen.fiet . li day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on thisMortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 13 050 . 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 agreembrits and conditions of the Bond for S 13 050 . 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 />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 montli� in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Murtgagor 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 Islatid, Nebraska, become immediately due and payable without
<br />further notice, afid the amount remaining due undei said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise o( 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 foradditional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxc� and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in tile 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 the same as the funds originally
<br />secured thereby, the total amount of principal debt not io exceed at any time tile original amount of this mortgage.
<br />Dated this day of August A. D., ig 75
<br />CTayj� Ragii!ldn r Deborah K. Ha�gman
<br />D_.
<br />STATE OF NEBRASKA,) ss On this 4th day of August 19 75 'beforeme,
<br />COUNTY OF HALL
<br />tile undersigned, a Notary Public in and for said County, personally came
<br />Clay K. Hagman and Deborah-K'T,,Hagman,..each,-i,ri his and her own right and as spouse of the
<br />personally known to
<br />otheri who are
<br />C -/J i -11 -
<br />whose nami), $"�ar
<br />me to be the identical person S %,.. Wi46d t to the above instrument as mortgagor S and they severally
<br />E a -'- <: '
<br />acknowledged the said instrument to be t h 0,10� �oo u 1,1 r� �'d e e dh
<br />WITNESS my hand and N;�,U118e It'
<br />d 1pAfore�,i'J.
<br />My Commission expires
<br />3-73-2M
<br />4-1,5—
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