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<br />Hlctll County, Nell)
<br />MORTGAGE ra:sha
<br />MOR AGE LOAN NO. L 21891
<br />KNOW ALL MEN BY THESE PRESENTS: That Lonnie R. Batten ani Vi C i b L.,Batten, each in his and
<br />her own right and as spouse of each other,
<br />Mortgagor' liether onelor more, in consideration of the sum of
<br />Thirty Thousand Two Hundred and Fifty and No/100 ------ I , --,7,w I ---
<br />--71 DOLLARS
<br />loaned to said mortgagor by The Eguitable Building and Loan Association of Grand Island, ebraska, ortgagee, upon 302 , s itires o stoc o
<br />said ASSOCIATION, Certificate �.o'. L 21891 MGI C, do lierebygrant, convey a �d mortg un I to the said ASSociATioN the following
<br />ge�
<br />described real estate, situated in Hall County, Nebraska:
<br />:THE EASTERLY SIXTY AND''SIX TENTHS (60�.6) FEET�IOF LOT
<br />:SEVEN (7), IN BLOCK THREE (3), IN WESTt1RHOFF'S FIRST
<br />�SUBDIVISION IN THE CITY OF GRAND 11SL Nu,1 HALL! COUNTY,
<br />:NEBRASKA, ACCORDING TO"THE RECORD) D' P LATI T6 E 1RE' OF.
<br />d
<br />together with all tile tenements, Ilereditaments and appurtenances thereunto belonging, includin attached floor covcrings,'i all ��indow screens,
<br />window shades, blinds, storm windows, awnings, hearing, air conditioning, and plumbing at, d watiere'cidipmen't and accessories theicto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attaelied-to or used in cont ection withsaid real estate.
<br />Arid whereas the said mortgigo� has a )rsl; d 11
<br />greed and does hereby agree that the niortgag, tall an wr pay all taxes and hssessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby bcfo r� I , tlie� sam I e sliall become delinquent; . to furnish approved
<br />insurance upon the buildings on s�aid premises situated in the sum of 80 250 . 00 payable tol said ASSOCIATION and 'to' deliver to said
<br />ASSOCIATION tire policies for said insurance; and not to commit or permit any waste on o. about salid1premises';
<br />In case of default in the performance of an of the terms and conditions of this nidrtgagci orl t1lic bond Isecured fiereby,;tlie mortgagee shall,
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<br />on demand, be entitled to immediate possession of the mortgaged premises and the ni(lirtgagor hereby assigns, transfers and *sets over to-ilic
<br />mortgagee all the rents, revenues �nd-incomc to be derived from the mortgaged premises i tirrl� as,the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee sliall 11#c the power to appoint any agent or agents it may dcsi c for the' purpose o repairing said �remises and renting
<br />tire same and collecting the rents, revenues and income, and it may pay oht of said incomif� all; expenses � of � r6pairing said premises and necessary
<br />commissions and expenses incurrea in renting and managing the same and of collecting entals tllerc 'ni;: file balance rernainin*g, if any, to be
<br />ro
<br />applied toward the discharge of said mortgage' indebtedness; these rights of the mortgagee nay be ex'cicised at I any time during the existence of such
<br />default, irrespective of any tcmpor:iry waiver of the same.
<br />before the inatu r�ity -of said shares by
<br />These Presents, however, are: upon tile Condition, That if the said Mortgagor sliall rei �lay said I an on or
<br />payment; pay monthly to said AS�OCIATION of tile sum specified -in the Bond secured I �1 lereb'y',as in'terest and principal on said loan, on or before
<br />tile Twentieth day of each and every month, until said loan is fully paid; pay all taxes a !Issmchts lev e agai n1st said premises,and on this Mortgage
<br />and tile Bond secured thereby, before delinquency; furnish approved insurance upon ti Idingsith . . . . . . . 1— __ _rS 30,250.00 liayable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all nioney by it paid or s6ch tax'esl'asses,�ments and insurance with interest at
<br />the maximum legal rate thereon fr6in date of payment all of which Mortgagor hereby agree's to pay; pe'rinit no waste on said premises; keep and comply
<br />with all the agreements and conditi6iis of the Bond for S 30 250 . 00 this day given -b) the s�i %lortgagorlto said ASSOCIX'TION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then se 'res nib' sliall become null and ',void,'otherwisc they
<br />sliall remain in full force and nia � be foreclosed at the option of tile said ASSOCIATIC N after 0 1 , lure forl three. months to make any of said
<br />payments or be three months in arrears ill inaking said monthly payments, or to keep and coin I with the agreements and conditions of said Boild;
<br />and Mortgagor agrees to have a rec6iv6r appointed forthwith in such foreclosure proceeding! .
<br />If there is any change in owriership of' the real estate mortgaged herein, by sale or o lierwise, then the'entire remaininglindebtedness hereby
<br />secured sliall, at the option of The�Eq�itablc Building and Loan Association of Grand Isian'i' Nebraska,'bec I orn e immediately due I and payable' without
<br />further notice, and the amount remaining due under said bond, and any other bond to,. any a itionalladvances made there6nder, sliall, from tile
<br />date of exercise of said option, bc�r interest at the maximum legal rate, and this mortgage na 'tlicnl e' foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The uitable Building d nd Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with int rest � thereon, from' date of payment at tile maximum
<br />legal rate.
<br />As provided in tile Bond secured hereby, while this mortgage remains in effect the mortgagee m1a hereafter advance additional sums to the
<br />makers of said Bond, their assigns 6r successors in interest, which sums sliall be within the crity of fhis� mor gage the same as tile funds originally
<br />secured thereby, the total amounCof,principal debt not to exceed at any time the original mount of this mortgage.
<br />.25th day of' November
<br />D ed tills -A D. 19 5
<br />,)a
<br />Tonnie R. batten VlMe L. battenj
<br />STATE OF NEBRASKA,
<br />ss. Oil this 25th day of N vembe r f[ 9 75 before tile,
<br />COUNTY OF HALL
<br />the undersigne, , a Notary Public in and for said County, personally came
<br />Lonnie R. Batten andAlckie L. Batten, each in his an her:own'
<br />who are personally known to
<br />right_.-.a-ndzp spouse�df each other
<br />me to'.66 t 44 41 f n s whose names affixed to the above instr intent as mortgagor; S and- they severally
<br />ac�n'70wle s2rid�&tr entio be their voluntary act and deed.
<br />T SS
<br />Iran 'and Notarial Seal the date afbresaid�
<br />kNESS
<br />M� qommJs i It C�xoires
<br />11 ca -1
<br />s
<br />Notary Public
<br />-2M
<br />671
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