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led for n I
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<br />010973
<br />0 i J e.-.' 111W drier, Rol,,`ister of Deeds,
<br />afi County, Nebraska
<br />MORTGAGE
<br />L 21883
<br />MORTGAGE LC AN NO.
<br />KNOW ALL MEN BY THESE PRESENTS: That A111 en R. Garton and�!,Iheila A. Garton, each in his and.
<br />her own right'and as spouse of, each other,
<br />Moitgagor, whether one pr more, in consideration of the sum of
<br />Nine Thousand and No/100 ----------- ------------ _�l ------------ ----------- 1.
<br />7 DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loin Association of Grand Island, Nebraska,Mortgag e, upon 90. shares of stock of
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<br />said ASSOCIATION, Certificate No. L 21883 1 do hereby grant, convey a I mortgage unto the. said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />ok
<br />THE NORTHERL) NINEITY TWO AND THIRIYi�[IvEiONE HUN
<br />(92.35) FEET OF LOT FIVE (5) AND THEINORTHEiRLY NINETY TI -10
<br />AND THIRTY FIVE ONE HUNDREDTHS (92.30 E E t�, OF T�E WESTERLY
<br />FOUR (4) FEET OF LOT FOUR (4), ALL I![ BLOCK" TWENry-EIGHT (�8)
<br />RUSSEL WHEELER'S -A I DDITION TO THE CIT' OF�GRAND ISLAND, HALL;
<br />COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thercunto belongingl includinglatt
<br />I aclied floor coverings,,all window screens,
<br />window shades, blinds, storm windows, awnings, lieking,aiir conditioning, and plumbing pr,d watercqllipmenland accessories tli'e,elo, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in coni ecticin'with said re I estate.
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<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgiig )r sh ; all arid will ay all taxes and as'sessments levied or
<br />assessed upon said premises and upon this mortgage and th6 bond secured thereby ber6re �tllc same! sliall bep2me delinquent;lto furnish approved
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<br />insurance upon the buildings oil said premises situated in tli6 sum of S 9.,, 000 . 00 , , ayable t6 said �SOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and [lot to coinmit or permit any waste on'01 about' said p�remis s;
<br />In case of default in tile performance of any of the terlms and conditions of this md tgage �or the secured liereby',ithe mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the riic �tgagor lidreby as igns, transfers and. sets over to the
<br />mortgagee all the rents, revenues and.income to be derived from the mortgaged premisesid ring such �time as fie mortgage indebtedness sliall remain
<br />unpaid; and the mortgagee sliall have ific power to appoint ahy agent or agents it may de'si e for the purpose' of repairing said premises and renting
<br />tile same and collecting the rents, revenues and income, and'it may pay out of said incom all � expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collectin� lientalsli the'refrom; tile balance rernAining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness;' these rights 6f the mortgagee �lay be exercised a 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 sliall r�Jay said loan on or before the inattifity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified -in tl*e Bond secured fiereby �as interest a id principal on said loan, on or before
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<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and dssLsslllcllts levied aga nst said premisesand on this Mortgage
<br />and the Bond secured tlicreby,beforcdelinquency;�furiiisliz�ipproveditistiranceupoii tlicbujldin�s�ther'Lon in tl7e sum of S 9 000.00 Ijayable
<br />to said ASSOCIATION; repay to said ASSOCIATION uponldemand all money by it paid for such taxes, asse'sments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agre6s1to ay, perinit no N aste on said premises; keep and comply
<br />P J
<br />with all the agreements and conditions of the Bond for S
<br />, .99CIhis day given �byl the said Mortgago to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By-LaWs ATION; then ill se presents shall ecome null and 'void, otherwise they
<br />shall. remain in full force and may be foreclosed at the op�,tion of the said ASSOCIATIO14 after 6ilurc fo three months to make any of said
<br />payments or be three months in arrears in making said nionflily payments, or to keep and 11compl'y with the al reements and coriditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith I in such foreclosure proccedin gsli
<br />If there is any change in ownership of the real estate niortgaged herein, by sale or ot ierwise, then the -ntire reiiiaining'iiidebtedness hereby
<br />secured sliall, at tile option of The Equitable Building and Loan Association of Grand Island �, Nebraska�l becorric immediately due and payable' without
<br />further notice, and the amount remaining due under said bond, and any other bond f�rjiariy additional advances made therciinder, sliall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be forecl sed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sunis paid by said TIi6 i,.,quitable Building ind Loan Association of Grand Island,
<br />Nebraska for insurance, taxcs and assessments, and abstractihg extension charges, with in V'rest thereon, from date of payment at tile maximum
<br />legal rate.
<br />As provided in tile Bond secured hereby, while this rr�ortgagc remains in effect tile Inortg1gee!may hereafter advance additional sunis to the
<br />makers of said Bond, their assigns or successors in interest, which surns sliall be within t116 �,ccurity of�tllis mo tgagc the same as the funds originally
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<br />secured thereby, the total amount of'principal debt not to exlcccd at any time the original a Tiount of this mortgage.
<br />Dated this 14th 'day November A. D.,,� 97 5 1
<br />. Garto
<br />STATE OF NEBRASKA, I
<br />ss. On this
<br />COUNTY OF HALL
<br />Allen R. Garton and Sheila A. Gart
<br />.'and as spouse of each 'other
<br />os"
<br />me to be the identical person S wit : n i
<br />acknowledged the said instr ument to be t
<br />14th day of November
<br />the undersigne a NoltaryiPublic
<br />i, each'in his and her�own ri
<br />111�z#f , -to the above instr intent as niortgagi
<br />Ite)Y'a deed.
<br />WITNESS my liand'and N tgfaOscallt�!p.datqafor�sA.
<br />My Commissio
<br />n expires
<br />, )1�7 :
<br />3-73-2M 71. N
<br />A*
<br />ig 75 beforeme,
<br />and for said County, personally came
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<br />'110 are; personally known to
<br />S and :they severally
<br />Notary v
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