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<br />88-= 101627
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<br />MORTGAGE
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<br />MORTGAGE LOAN NO. L 25007
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<br />KNOW ALL MEN DV TI-lESEPRESENTS: ThaI Leonard E. Embree and Lela E, Embree, each in his and
<br />her own right. and as spouse of each other,
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Four Thousand and nollOO ---------------------------------------------------------~LLARS
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<br />loaned 10 said morlgagor by The Equitable Building and Luan Associatiun of Grand hland, Nebraska, Mortgagee, upon 40 shares of stock of
<br />said ASSOCIATION. Certificate No. L 25007 ,do hereby granl, cnnvey and lIlortgage unto the said ASSOCIATION the fGUowing
<br />describe<.! relll estate, situated in lIall Counly, Nebraska:
<br />
<br />Lot Six (6), in Block Five (5), in Claussen Country View Addition to the City of Grand
<br />Island, Hall County, Nebraska.
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<br />together with aB the lenements, lll~reditamenl' and appUrll'n:Uil'cs thereunto belonging, including attached floor roveringll, all window screens,
<br />window shades, blinds, storm windows, awnings, healin~. air con,htioning, and plumbing and water cquipmcnt and accessories thereto. pumps, stoves,
<br />refrigerators. and other fixtures and equipment now or hereafter attached to OJ used in connecliun with said real estate.
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<br />And whereas the said mortgagor has agreed and does hereby agree thaI the morlgagor shall and will pay all taxes and assessments levied or
<br />llSSCli."iCd upon said premises and llpon lhis morlgagc and the bDnd $CCUJed lll~reb\' ocfore lhe same shall become delinquent; tD furnish approved
<br />insurance upon Ihe buildings on said premises silualt'<l in the sum of S 4, OOU , au payable to said ASSOCI A nON and to ddiver to said
<br />ASSOCIATION the policies for said insurance; and nolto commit Dr permil any waste Oil or about said premises;
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<br />In case of default in the perforl113nce of any uf the lerms and conditions of this mortgage or lhe bond secured hereby, the mortgagee shan,
<br />on del113nd, be emilled to immediale possession of the mortgaged premise~ ~ml the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee alllhe rents, revenues and income 10 be de"...ed from lhe morlgaged premises during such time as lhe mortgage indebtedness shaI1 remain
<br />unpaid; and the mOltgagce shall have the power 10 appoinl any agenl 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 Ullt of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing Ihe same and of collecting rentals therefrom; lhe balance remaining, if any, to be
<br />applied loward the discharge Df said morlgage indebledness; lhese righls of Ihe mortgagee may be exercised at any time during the existence of such
<br />default, irrespeclive of any temporary waiver of the same.
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<br />These Presenls, huwever, arc upon lhe Condition, ThaI if Ihe saId MIlIIgagnr shall repay S:lid luan un OJ before the maturity of said shares by
<br />payment; pay monthly 10 said ASSOCIATION IIf Ihe sum spl!cified m Ihe Bond se.:\ucd hereby as interesl and principal on said loan, on or before
<br />the Twentieth day of each and every IllOllth, unlil said loan is fully paid; pa)' alllnes all\t aSSCl-'illlenls levied against said premises and on this Mortgage
<br />
<br />and the Bond secured lhereby, before delinquency; furnish approved In~\lIai1Ce UIM'" Ihe hmldings Ihereun in lhe sum ofS4. 000.00 payable
<br />10 said ASSOCIATION; repay 10 said ASSOCIATION upon demand allllllllley hy II !,ald fill such taxes, assessmenls and insurance wilh interest at
<br />lhe maximum legal rate Ihereon from date of payment all uf which Mllllp.agm heleby af,lces to pay; pl!rmil no wasle on said premises; keep and comply
<br />
<br />wilh aU the agreerr.enls and cunditions of the Bond for S 4 .000.00 II1IS .by gl~n by Ihe said MIIIlgagor to said ASSOCIATION, and romply
<br />wilh all the requiremcnts of the Conslitulion and By-Laws of said AS$OI.'lATION; thell lhese presents shall become nun and void, otherwise they
<br />shall rel113in in full force and may be foreclosed at the option of Ihe 5;l/l1 ASSOCIATION after failure for lhree months 10 make any of said
<br />paymcnts or be lhr~ months in anears in making said rnumhly paymenls, 01 lu keep and comply wilh the agreemenls and ronditions of said Bond;
<br />and Morlgagor agrees to have a receiver appointed fDrlhwilh in such foreclusure proceedingi_
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<br />If lhere is any change in ownership of lhe real eslate mortgaged herein. by sale III olherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Crand Island, Nebraska, berome immediately due lIJId payable without
<br />further notice, and the amounl remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />dlle of exercise of said option, bear inlerest al the I113ximum tegal rale, and Ihis mortgage I113Y lhen be foreclosed to satisfy the amount due on said
<br />bond, and any ot!:!:r bond for additional advances. togelher wilh all sums paid by said The Equitable Building and Loan Association of Grand Isbmd,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest lhereon, from date of payment al lhe maximum
<br />legal rate.
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<br />As provided in the Bond secured hereby, wbile this mortgage remains ;n effect the mortgagee may hereafler advance additional sums to the
<br />makers of said Bond, their assigns or suceessol'> in inlerest, whieh sums shall be wilhin the securily of this mortgage the same as the funds originally
<br />secured thereby. the lottt amounl nf.nmcipal deblnol 10 exceed at any time the original amollnl of Ihis mortgage.
<br />
<br />
<br />)i~Cl4d i~L~~k An."~~
<br />~-~' ,~~~ ~
<br />
<br />Lela E. Embree
<br />
<br />STATE OF NEBRASKA, l ss.
<br />COUNTY OF IIALL i
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<br />On lhis
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<br />2~J day uf
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<br />\tU ~d.
<br />
<br />19 ~ ,before mc,
<br />
<br />L
<br />
<br />Leonard E. Embree and
<br />other,
<br />me 10 be lhe identiClI person s whuse name 5 are affixJ'd 10 Ihe abo\'e instrument as mOIlg.lf.OI S
<br />12-_'" th... ~,lu""'Y'" "d do,d.
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<br />_ - ~~No':";',:h::~:t,,",d ~.~~~ 'd?:::.._.~_
<br />
<br />!!!!!] .- NOlar)' Public
<br />..nJ:lilIU
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<br />the undersigned, a Notary Public in and for said County, personally came:
<br />Lela E. Embree. each in his and her own right\ and as spouse of each
<br />Who are personally known 10
<br />
<br />and they
<br />
<br />seYerally
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