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01098"(1 Fj,,Ied for recor&�L__/d
<br />PZ
<br />MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS: That Terrance D. Ott
<br />own right and as spouse of each lother
<br />Elghteen Thousand and No/100------, --------- --------- i
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Islan
<br />said ASSOCIATION, Certificate No. L 21876 do hereby grant.' convey
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT SIX (6)
<br />7-S—
<br />J.n Took---:!�7/
<br />Je a --h Re-- S r of Deeds,
<br />uo
<br />Hall County, Nebraska
<br />MORTGAGE LOAN NO. L 21876
<br />d Pamela S. Ott, each inihis and her
<br />pgor, whether on or more in con"i
<br />derittion of the sum of
<br />----- ----- DOLLARS
<br />Nebraskaj� Mortgagee, upon 180 shares of stock of
<br />d mortgage unto the said ASSOCIATION the following
<br />INIBLOCK ONE (1) IN H!:' G. C!LA�RVS
<br />ADDITION TO THE CITY OF GRAND ISL),ND,�,: H L
<br />COUNTY, NEBRASkA.
<br />together with all the tenements, hereditaments and appu'rtenances thercunto belonginj
<br />i
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing�a
<br />refrigerators, and other fixtures and equipment now or liere�ftcr attached to or used in c6n
<br />I i
<br />Arld whereas the said mortgagor has agreed and doesiliereby agree that the mortga
<br />assessed upon said premises and upon this mortgage and the bond secured thereby befol
<br />insurance upon the buildings on said premises situated in the sum of S 18 000 . 00
<br />ASSOCIATION tile policies for said insurance; and not to cd I mmit or permi? any waste on
<br />II
<br />In case of default in the performance of any of the terms and conditions of this I
<br />on demand, be entitled to immediate possession of the mortgaged premises and t T
<br />lie in
<br />mortgagee all the rents, revenues and income to be derivedfrom tile mortgaged premises I
<br />unpaid; and tile mortgagee shall have the power to appoint �ny agent or ag'ents it may des
<br />tile same and collecting the rents, revenues and income, andlit may pay out of said incoll
<br />commissions and expenses incurred in renting and managi4 the same and of collecting
<br />applied toward the discharge of said mortgage indebtedness�, these rights of the mortgagee
<br />default, irrespective of any temporary waiver of the same. I
<br />These Presents, however, are upon the Condition, Thk if the said Mortgagor shall r,e
<br />payment; pay monthly to said ASSOCIATION of the sum s'pecified'in the Bond secured
<br />the Twentieth day of each and every month, until said loan i� fully paid; pay all taxes and as
<br />and the Bond secured thereby, before delinquency; furnish �pproved insurance upon the bi.
<br />to said ASSOCIATION; repay to said ASSOCIATION upon� demand all money by it paid
<br />the maximum legal rate thereon from date of payment all of I which Mortgagor hereby agrc�!
<br />with all the agreements and conditions of the Bond for S 1,8 , 000 - 00this day given �3
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then ill
<br />shall rernaiii in full force and may be foreclosed at the option of the said ASSOCIATR
<br />payments or be three months in arrears in making said mon0ily payments, or to keep and
<br />and Mortgagor agrees to have a receiver appointed forthwith I in such foreclosure proceeding
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or 1 0
<br />secured shall, at the option of Tile Equitable Building and L'an Association of Grand Islan
<br />0
<br />further notice, and the amount remaining due under said lbond, and any other bond fo
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgag6
<br />bond, and any other bond for additional advances, together %�ith all sums paid by said T116
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, With il:lt
<br />legal rate.
<br />As provided in the Bond secured hereby, while this Mortgage remains in effect the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within thii
<br />secured thereby, the total amount of principal debt not to ckcced at any time the original
<br />Dated this 12th day of A
<br />November
<br />lerrance IT Utt
<br />STATE OF NEBRASKA, ss. On this
<br />COUNTY OF HALL 12th day of
<br />the unders
<br />Terrance D. Ott and Pamela S. Ott� each in his an
<br />right and as spouse of each other,
<br />me to be the identical person s whose name S affixed to the,above
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />WITNESS my hand and Notarial S�al the date aforesaid.
<br />My Commission expires
<br />r
<br />3.73-2M
<br />14y Cuniiii. iw,�. 12, H7G
<br />including' attacliep floor coverings, all window screens,
<br />d waterequipmeneand accessories thereto, pumps, stoves,
<br />ection with said relal estate.
<br />)r shall and will ay all taxes and assessments levied or
<br />tile same shall bc come delinquent�l to furnish approved
<br />payable to said ASSOCIATION and to deliver to said
<br />about said premis s;
<br />or the bond secured hereby, tile mortgagee shall,
<br />rtgagor hereby a igns, transfers and sets over to the
<br />aring siich� time as lie mortgage indebtedness shall remain
<br />c for the 'purpose of repairing said premises and renting
<br />� all expenses of repairing said premises and necessary
<br />entals ' therefrom; the balance remaining, if any, to be
<br />nay be exercised a � any time during'the existence of such
<br />ay said loan on o before the maturity of said shares by
<br />ereby�as interest a d principal on said loan, on or before
<br />,ssments 16vi mst said premises,and on this Mortgage
<br />ldings�tlic�con in tl e sum of S 18,000. OQ)ayable
<br />Dr such taxes, asselsments and insurance with interest at
<br />to pay i ;per . nlit no %4aste on said premises; keep and ciomply
<br />the said Mortgago� to said ASSOCIATION, and comply
<br />se presents shall become null and :t,void, otherwise they
<br />,4 after failure 174 three months to make any of said
<br />with the a�recmen ts and conditions of said Bond;
<br />lenvise, tiriell tile Lire remaining 'indebtedness hereby
<br />, Nebraska, become' immediately dud and payable without
<br />any additional advhnces made thereunder, shall, from the
<br />iay then be foreclbsed to satisfy tile amount due on said
<br />:quitable Building �nd Loan Association of Grand Island,,
<br />rest'there'on, from date of payment at the maximum
<br />nortgagee �may lie after advance additional sums to tile
<br />.curity of this mo I tgage the same as the funds originally
<br />nount ! of this mort age.
<br />n I r . rr. ),j A
<br />Nolber 75 before me�
<br />em
<br />;ned,, a Notary Public it and for said County, personally came
<br />I Ar own
<br />10
<br />are personally known to
<br />Isirt t a,s m1ortgago),Vs and'. they severally
<br />Notary
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