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YORTGAC,E 86— lQ365V
<br />MORTGAGE LOAN NO. L 24,541
<br />KNOW ALL MFN BY INESF PRESENTS That Virginia L. Mlddleswart, a single person,
<br />Mortgagor, whether Otte or more, in consideratiat of the farm of
<br />Thirty Eight Thousand Eight Hundred and no /100 - - -- - - -DOERS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of (;rand Island, Nebraska, Mortgagee, upon 388 shares of stock of
<br />Wild ASSOCIATION, Certificate No. L 24,541 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in flail County, Nebraska:
<br />Fractional Lot Eight (8), of the County Subdivision of Lots
<br />Thirteen (13), and Sixteen (16), and part of Lots Eight (8),
<br />Eleven (11), Twelve (12), and Fourteen (14), of County
<br />Subdivision of the Southeast Quarter of the Southwest Quarter
<br />(M4SW'�) of Section Sixteen (16), in Tiownship Eleven (11) North,
<br />Lange Nine (9) West of the 6th P.M. and easterly Fifty Two
<br />and Eight Tenths (52.8) Fee*_ of Fractional Lot Eight (8), in
<br />Block Eight (8), of Arnold Place, in the Cityof Grand Island,
<br />Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, au 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 thereby before the same shall become delinquent; to furnish approved
<br />m
<br />insurance upon the buildings on said preises situated in the sum of S 38, 800.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit of permit any waste on or about said premises;
<br />In cue of default in the performance of any of ine terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate po. =sion oI the rortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to he 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 tot the purpose of repairing said premises and renting
<br />the same and collecting the 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 the same and of collecting rentals therefrom: the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness, these rights of the in-tgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the sane
<br />Them Presents, however, are upon the Condrta: That if the said Mortgagor shall repay said Tian 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 mtemst and principal on said loan, on or before
<br />the Twentieth day of each and every month, until aid loan is fully paid; pay all taxes and assessments levied agnnst said premises said on this Mortgage
<br />and the Bond secured thereby, before dchnquenvY; furnish approved insuraerx upon the buildings thereon in the sum of S 38, 800.00 payable
<br />to said ASSOCIATION; repay to said AS.i(XIA7'I0N upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon, from date of payrnent 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 fix 5 38, 800.00 thus day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION. then these presents shall become mill 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 />prytnenls ur le three months in arrears in making said inorohty 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 suchi foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by We or otherwise, then the entire remaining trmfebterincu hereby
<br />secured shall, at the option of The Egui(abk Budding and Loan Association of t ;rand Island. Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option. bear interest at the naumunt legal rate, slid the ntot (gage nay then be foreclosed to satisfy the amount due on said
<br />borrd,and any other bond for additional advances, together with all sums paid by said The [ quotable Building and Wan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the tnartgagm may hereafter advance additional sutras to the
<br />makels oI aid Bond, their assigns of successors it, interest, which sums shall be within the securely of this rnrrtgage the same as the funds originally
<br />/ thereby, the tc \W amount of pyamapal debt nut r exceed at any titre the ongmal anniunt of this mortgage.
<br />I waled thn /sue "i of ��:r- _�� M1 1, . d6
<br />STATE OF NFBRASK.A,
<br />COUNTY OF BALI
<br />Ptlrsot1,
<br />day of ^- L._ !v $before one,
<br />the uWerugrted, a Nolan, Public in coed lot sail oturry. petumallyeame
<br />use la he the identical Peru," -,how nanm 1S affixed iv rho at.,.vc ur.lru:tn ni as uxnavia;.,i
<br />acknowledged the vatd m>tiutroent ro tie -wr "Ouota-v -i and t(:ed
<br />WITTIE_SVyhai�d s1143'�c terse! \cal ifi> date i ,.rev',
<br />s9vr�i *+ieaaaant►wtttfltis t . a. r �,� �_ ~J '
<br />saho 1g perwrially known to
<br />and :SaE m.craih,
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