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F
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 24,629
<br />- KNOW ALL MEN BY THFSE PRESENTS: That Keith J. McTavish an d Debra J. McTavish, each in his
<br />and her own right and as spouse of each other, Mortgagor, whether one or more, inconsideatianof the stunOf
<br />Thirty Four Thousand Eht Hundred and
<br />loaned to said mortgagor by The Equitable Budding and Loan Association of Grand Island, Nebraska, Mortgagee, upon 348 shares of stock of
<br />said ASSOCIATION; Certificate No. L 24 x 529 do hereby grand, coney and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in liaB County, Nebraska:
<br />Lot Two (2), Block Two (2), West. North Lawn Second
<br />Addition to the City of Wood River, Hall County,
<br />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, 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 shad and will pay all taxes and assemnmts levied or-
<br />assewed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to famish approved
<br />insurance upon the buildings on said premises situated in the shun of S 34, 800.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance: and not to commit or permit any waste an or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shad,,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shalt 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 the rents, revenues and income, and it may pay out of said income an expenses of repairing said premises and necessary -
<br />commissions and expenses incurred in renting and managing the same and of collecting rental therefrom; the balance remaining, if any, to be
<br />- - - applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during, the existence of such
<br />default, irrespective of any temporary waiver of the same. - -
<br />These Presents, however, are upon the Condition. That if the said -M_orro_r ,t,-n repay sasid lira: o or be£ a the malty or 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, on or before'.
<br />the Twentieth day of each 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 the stun of S 34 t 300. 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION 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 payment all of which Mortgagor hereby agrees to pay ;permit no waste an said premismiceep and comply
<br />with all the agreements and conditions of the Bond for S 34 , 800. 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -taws of said ASSOCIATION; then them presents stall become- null and voW. otherwise they
<br />shag 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 cooditionsof 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 re mahm:zi indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand tsland,Nebraska,become immediately due andpayabk without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances mirk thereunder, shall, from the
<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 fond for additional advances, together with all "sums paid by said The Equitable Budding and Loan Assocatain of Grand island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maxitmunnr
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional aunts to the
<br />makers of said Bond, their assigns or successors in interest, which suns shall he within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of prnncrpal debt not to exceed at any time the original amount of this mortgage.
<br />see 15 day of Septerttber A. D., is 86
<br />� 7* PCTa�2sh
<br />STATE OF NEBRASKA. ss. On this 15th day of
<br />September 14 rsG ,before me,
<br />COUNTY OF HALL.
<br />the undersigned, a Notary Public in and rot said County, personally came
<br />Keith J. McTavish and Debra G;, McTavish, each in his and her own '.Jght and as s >oIl se of
<br />each other, w are per�raUy known to
<br />me it, be the identical person „ whose name :; are affixed to the above instrument as mt rtgagor s and t:e y severalty
<br />ackn+owleilged the said instrument to be tlruiC voluntary act and deed_
<br />Wil N1P SS may hand and Notar al Seal the date aforrsaid.
<br />My Cnmmasvon rxpues; -� ? / <
<br />Notar) Futtlrc
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