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<br />MORTGAGE
<br />
<br />MORTGAGE LOA~~ '-'0, L 25032
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<br />KNOW ALL MEN BY THESE PRESENTS: ThaI Emily J. Collins, an unmarried person, and C. LeRoy Noll,
<br />an unmarried person
<br />
<br />Morlgagor, whether one or more, in consideration ofthe sum of
<br />Thirty Five Thousand Six Hundred Forty and no/IOO -------------------------------- DOLLARS
<br />
<br />loaned to said mortgagor by The Equilable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 357 shares of stock of
<br />
<br />said ASSOCIATION, Certificate No. L 25032 ,do hereby grant. convey and mortgage unto the said ASSOCIATION the following
<br />described real eslate, siluated in HaU County, Nebraska:
<br />
<br />Lot Eight (8), Westwood Park Subdivision, Hall County, Nebraska.
<br />
<br />together with all the lenements, hereditaments and appurtenanccs thereunto belonging, induding attached Ooor coverings. all windo..' screens,
<br />window shades, blinds, storm windows, awnings, heating, all conditioning, and plumbing and water equipment and accessories thereto. pumps,stO\'es,
<br />refrigerators, and other fixtures and equipment now or hereafter att3ched to or used In connection With said real estate.
<br />
<br />And whereas Ihe said mortgagor has agreed and does hereby agree th.l the mortgagor shall and will pay all Iaxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; 10 furnish approved
<br />insurance upon Ihe buildings on said premISes "tualed in the sum of $ ]5,640.00 parable to said ASSOCIATION and to deli\'er to said
<br />ASSOCIATION the policies for said insurance; and uot to comlml or pernll! any waste on or about said premises;
<br />
<br />In case of default in the performance of any of the terms and condl\lons of Ilus mortgage or Ihe bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to imm..diate possessIOn of the morlgaged premISes and the mongagor hereb~' assigns. Ir:msfers and selS o\'cr 10 the
<br />mortgagee all lhe rents, revenues and income to be derived from lhe mortgaged premises during such time as the mortgage indebtedness shaJI remain
<br />unpaid; and the mmtgagee shall have the power 10 appomt auy agent or agents It ma)' desire for the purpose of rep2iring said premises and renling
<br />the same and collc~c[ing thc rents, rcvcnUC5 and income, ilnd It may p..y uut of said income all expenscs of repairing said prell'lis::s and nccrss:uy
<br />commissions and expenses incurred in rent 109 and managlOg the same and nf collect 109 renlals therefrom; the balance remaining, if any, to be
<br />applied loward the discharge of said mortgage indebledness; Ihese right' of the mortgagee may be exercised at any lime during the existence of such
<br />default, irrespective of any temporary waiver of lhe same.
<br />
<br />These Presenls. however. are upon the Condilion, That If lhe saId Mnrtgagur ,hall repay said loan on or before the maturity of said shares by
<br />payment; pay monlhly to said .\SSOCI.\TlON nf the sum specified in lhe Bond secuted hereby as IOterest and principal on said loan, on or before
<br />lhe Twentieth day of each and ever)' month, unlll ,aid loan is fully patd; pal' all taxes and assessment' levied againsl said premises and or. this Mortgllge
<br />
<br />and lhe Bond secuted lhereby, before dehnquency; I urmsh approved IOsurance upon the buildings lhereon in the sum of S 35.640.00 payable
<br />to ..id ASSOCIATION; repay 10 said ASSOCIATION upon demand all money by It pa.d for snch taxes, assessments and insuran~ \\ilh inleresl a.
<br />lhe maximum legal rale thereon from dale of payment all of wluch Mortgagor hereby agrees to pay; permit no wasle on said premises: keep and cumply
<br />
<br />wllh all the agreements and condilions of the Bond fOl S]5 640.00 this day given by the ",id Mortgagor to said ASSOCIATION, and comply
<br />wilh all lhe requirements of the Conslitulion and By-Laws of said ASSOCIA nON; then these presenls shall become null and void, olherwise they
<br />shall remain in full force and may be foredosed al Ihe option of lhe said ASSOCIATION after failure for three months 10 make any of S3id
<br />paymenls or be three monlhs in arrears 111 making said monthly payments, or to keep and comply wilh the agreements and condilions of said Bond;
<br />and Mortgagor agrees 10 have a receiver appoinled forthwllh in such foreclosure proceedings,
<br />
<br />If there is an}' change in ownership of Ihe reul eslale mortgaged herein, by sale or otherwise, then lhe enlire remaining indebtedness hereby
<br />secured shall. a' the oplion of The Equitable Building and Loun Association of Grand Island, Nebraska, become immediately due and payable without
<br />furlher nnlice, and Ihe amount remaining due under said bond, and any other bond for any additional advances made thereunder. shaD. from the
<br />dale of exercise of said option, beat inlerest al Ihe maximum legal rale, and this mortgage may Ihen be foreclosed 10 salisfy the amount due on said
<br />bond, and any olher bond for additional advances, together with all sums paid by said The Equitable Building and Loan Assocution of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, wilh interesl thereon, from dale of paymenl at the maximum
<br />legal rale.
<br />
<br />As provided in Ihe Bond secured hereby. while lhis mortgage remains in effect lhe mortgagee may hereafter advance addilional sums to the
<br />makers of said Bond, their assigns or successors in inlerest. which sums shall be within Ihe securily of lhis mortgage lhe same as the funds originally
<br />secured thereby, the tOlal amount of principal debl not 10 exceed al any time lhe original amounl of this morlgage,
<br />
<br />Daled this lOt h day of
<br />
<br />~~ W C-~
<br />E~~. o~~
<br />C. 1.eRoy ~11
<br />STATE OF NEBRASKA, (
<br />...
<br />COUNTY OF HALL
<br />
<br />May
<br />
<br />A,D"I9
<br />
<br />88
<br />
<br />On this
<br />
<br />10th
<br />
<br />day of
<br />
<br />May
<br />
<br />1<1 88 ,heforeme.
<br />
<br />Emily J. Collins,
<br />unmarried person,
<br />me to be the Idenlical perlOn s whose name S are affixetlto lhe above inslrument ..mortgagor 5
<br />
<br />acknowledged th. ..id Instrument to be the i r ,,,Iun.ury uet and deed" -J
<br />WITNESS my hand and Nolarial Seal the date .fme.aid ( //
<br />
<br />My Commi..,ion explrel//_.:-;( S _,/;'I' "::o.,..,:;:;ii;iJ~'l;,-:, ' i
<br />
<br />__.....111....... ,.,-
<br />~Q.1lCUIH
<br />IIr CIII& _ 1lIr. 25.1.
<br />
<br />Ihe undersigned, a Notary Public III and for sauJ Cuunty. personally C:lme
<br />an unmarried person, and C. LeRoy Noll, an
<br />
<br />who
<br />
<br />arl:>
<br />
<br />perillnally k nowo 10
<br />
<br />and they
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<br />""...rally
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