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MINTGAGb
<br />MORTGAGE LOAN Nfl.
<br />KNOW And. MEN BY THESE PRESENIV That Darrell W. Elkin- and Gretchen L, E'lkina , each in li 3
<br />and tier own right and as spouse of each other,
<br />Mortgagor, whether one or more, in conaideratim of the twat of
<br />TenThousand and no/lUU ---------------------------------- - - - - -. ----------------- DOLI Alts
<br />loaned to said mortgagor by The Equitable Budding and Loan Association of Grand Island, Nebraska, Mtmgaptie, upon 100 (,hares of stoat of
<br />said ASSOCIATION, Certificate N6. L 24,641 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hail County, Nebraska:
<br />Lot Eleven (11), Block Twelve (12), Parkhill Third
<br />:aubdivi,iori, an addition to the City of (,,rand island,
<br />Hall Co., tiE
<br />together with all the tenements, hered►taments and appurtenances theretento belonging, including attached floor coverings, all window sons,
<br />window shades, blinds, storm windows, awnings. heating, an 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 to connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the rnorigagor shall arid 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 />insurance upon the buildings on said piemrses situated in the sum of S 10 , OUO . UO 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 case of default in the performance of any of the terms and conditions of this ffloagage or the bond secured hereby, the mortgagee shall.
<br />on demand, be entitled to immediate possession of the (,mortgaged premises and the mi.irtgagor 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 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 saute and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and rwAxuary
<br />commissions and expenses incurred in renting and managing the came arul of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness, these tights of the tortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the saute.
<br />These Presents, however, are upon the Condillcm, That if the said Mortgagor shall repay said loan on or before the maturity of said shoes by
<br />payment; pay monthly to said ASSOCIATION of the surn specified to the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every ro►nih, 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 sum of $ 10, 000.00 payable
<br />to said ASSCX'IATION; repay to said A.SS%OCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal tale thereon 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 1 U , 0UU . UU this 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 mull and void, otherwise they
<br />shad retrain 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 retaking said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagot agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate rtiortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />stewed shall, at the option of The Equitable Building and Loan Association of (*,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 maximum legal rate, and this mortgage may then bt foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sum paid by said The Equitable Building and Loan 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 />kgal rate.
<br />As provided in the Bond secured hereby, while thus mortgage remains ut effect the mortgagee ntay hereafter advance additional suns; to the
<br />makers of said Bond, their assigns or wccessors in interest, which suits shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this rortgage.
<br />ted this 23rd d 17 of September A. 1) , 0 fk)
<br />re ins
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<br />3 t ATI °, !()I NEBRASKA,
<br />sx lhf tills 23rc_t day of ,` epte'mhe L i`) ,"iE° befcorc me,
<br />CCAJI+i"IY Oh MALI.
<br />file undersigned, a Notary Public to and firm said County, personally Mme
<br />Darrell W. E;lkiris iind : +_a; };i.; ,hied OW&i thu�'ittcit otc-.�1 n�rni�a�y itirv.n to
<br />or each ot;hear,
<br />rive sty IX, the identical perutn whow t►an►d . to the at>a,re 111sttx itu!ttt its tfa>etra or severally
<br />ackrmwit4ged the said institiotent to heat l W A t., vcrlunlmy act And deed
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