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P iled f or. in �Bool� Z7
<br />_"r, ek-
<br />J e ayel' i 01 R a 0 t 0 r - 0 51e e d s
<br />ko) Hall County, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21,899
<br />KNOW ALL MEN BY THESE PRESENTS: That Larry J. Eastwood and Mary L. Eastwood, each,in his
<br />and her own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />..SPyPntPPn Thmisand Six Hiindrpd and Noj1OO — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,* Nebraska, Mortgagee, upon 176 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21,899 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in .1 -fall County, Nebraska:
<br />THE SOUTHERLY EIGM-SEVEN FEET (87') AND,TWO
<br />INCHES (2") OF LOT SIX (6) AND THE SOUTHERLY
<br />EIGHTY-SEVEN FEET (87') AND TWO INCHES (211) OF
<br />THE WESTERLY SIX AND EIGHT TENTHS FEET (6.8')
<br />OF LOT SEVEN ALL BEING IN BLOCK FIFTEEN (15),
<br />ROLLINS ADDITION TOJHE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />together with all the 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 equipment and accessories thereto, pumps, stoves,
<br />refrigerators, 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 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 tlicrcbv before* the same shall become delinquent; to furnish approved
<br />insurance upon the'buildings oil said premises situated in the sum of S 17-,600 . 00 payable to said ASSOCIATION and to deliver to �aid
<br />ASSOCIATION tile, 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 conditiofis of this mortgage or the bond secured hereby, the mortgagee sh all,
<br />on demand, be entitled to immediate possession of tile mortgaged premises and the mortgagor hereby assigns, transfers' and sets over to tile
<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 tile 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 tile same and of collecting rentals therefrom; the balance remaining, if any, to, be
<br />applied toward the discharge of said morigage indebtedness; these rights of tile mortgagee may be exercised at any time during the existence ofs6ch
<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 by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, oil or before
<br />tile Twentieth day of 6ch 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 tile sum of S 17 600 . 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and inslurance with interest at
<br />the maximum legal rate thercon 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 agreements and conditions of the Bond for S 17 69RSPacthis day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all tile requirements of the Constitution and By -Laws of M IATION; 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 months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor 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 Ishnd, Nebraska, become immediately due and payable wit , flout
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from tile
<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, together with all sums paid by said Tile Equitable Building and Loan Association of Gr ' and Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension diarges, with 'interest thereon, from da.te of. payment at tile 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 tile
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as tile funds originally
<br />secured thereby, the total amount of principal debt not,to exceed at any time the original amount of this mortgage.
<br />Dated this 2rTd daypf December A.'D., 19 7 5
<br />rry- j *�/P Stwooa Tiary V. Lastwoo
<br />STATE OF NEBRASKA, ss. On I this 2nd day of December 19 75 beforeme,
<br />COUNT)
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Larry J. . East . wood and Mary L. East ' wood, each in his and her own who are personally known to
<br />right and.as spouse of each other
<br />me to be the identical person S whose names affixed to the above en as mortgagorS and t�ey severally
<br />acknowledged the said instrument to be - thei r voluntary act and deed.
<br />WITNESS my hand and Not arial Seal the date aforesaid.
<br />Commission expires
<br />GENERAL NOTAIVI - S1:1!c of Neb
<br />JAMES W. oLSON
<br />Woniri. b p. Nov. 12, 1971�
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