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8s- 000536
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 2Q, 310
<br />1 MOW ALL MEN BY T}iESE PRESENTS: That Kathy Brundage, a single person,
<br />Mortgagor, whether one or more, in considerate of the tom of
<br />Sixteen Thousand and no/ 100------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 160 shares. of stock of
<br />said ASSOCIATION, Certificate No. L 24,310 do hereby grant, convey and mortgage unto the said ASSOCIATION do following
<br />described real estate, situated in Ball County, Nebraska:
<br />The Southerly Seventy Five and One Third (75 1/3) feet of Lot Eight
<br />(8), and the Southerly Seventy Five and One Third (75 1/3) feet of
<br />the Easterly Six (6) feet of Lot Seven (7), all in Block one Hunarerd
<br />Twenty Seven (127) in Koenig and Wiebe's Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereditarnents and appurtenances thereunto belonging, including attached floor cover, all window scrcerts,
<br />window shades, blind.., 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 shall and will pay all taxes and assessments levied or
<br />annsed 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 premises situated in the sum of $ 16, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance ; and not to commit or permit any waste on or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bored secured hereby, the monplace shall,
<br />on demand. he 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 iWebtedres shall remain
<br />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 />ft saw 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 mortgagee may be exercised at any time during the existence of such
<br />oar arse of any temipmary waiver of the same.
<br />Thew Presents. however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said dares by
<br />payment, pay monthly to said A.SS(WIATiON of the sum specified in the Bond secured hereby as interest and principal on said k»n, on of 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 theichy, before delinquency: furnusht approved insurance upon the buildings thereon in the sum of $ 16, 000. 00 payable
<br />to said ASSOCIATION. repay tea said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the i rate thereon from date of payment all of which Mortgagor hereby agrees to pay-.permit no waste on said pm:mises; keep and comply
<br />with &H the agreements and coridittons Of the Bond for $ 16 000.00 this clay given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the ( "Matitutan and By-Laws of mid ASS7&IA "LION; then these presents shag become null and vim, otherwise they
<br />renum in full tram and may he forec cod at the option of the said ASSOCIATION after failure for three months to mate 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 conditions of said Bond;
<br />aod MOl'tailatiM apM to have a receiver appointed forthwith in such foieclosuie proceedings.
<br />if there is any choW in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured ". at the option of The P.quotable Building and Loan Association of Grams Island. Nebradta,fecome immediately due and payable without
<br />further iiamicirs aod the artaiunt remaining due uncle, -aid bond, and any other hond for any additional advances made thereunder, shall, from the
<br />rate cd exacm 14 said optic, heat interest at the maximum kgal rate, and this mottgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any Other huond for additional advances, together with all suns pairs by said 'ITte f:quitable Building and I:oan Association of (,rand Island.
<br />Nebraska For insurance. taxes and assirsamcnis, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />lelaw racer.
<br />As punniled in the Bond secured hereby, white this mortgage remains in effect the mortgagee nay Hereafter advance additional sums to the
<br />maken Of mid Hond. their assitirs or uict;Tsains in interest, which sums shall tee within the security of this Wont . the saute as the fonds originally
<br />secured thereby, the total amount of ptiric:ipul debt not io exceed at any fire alto original amount of this imut
<br />DOW this lst may of— —_FeJ' niary A. 11., I`t 85
<br />% ATF OV NEBRA.4KA, o. Ohl this l.st day of Pe?br.Uary IN b5 . before ne.
<br />COUNTY f li- IIA11
<br />the undrvagtlee @, a Nor aty Public to and Itit said County, lereinaltyctre
<br />t atlty B ^, a fri.ile 1At:r.tf =aft,
<br />who, L leroinally knc +con to
<br />rrroe ro he she OftificM FWler.n wliour nanx^ l.s affixed i., the shove I r sit as snort of And .-A)c setcra
<br />at*W'Y i*'1 the seal Gtr om"W'nt rn be her v.,lunlity art anal det,l
<br />rah t°NI SS my morn! and Nroattal Seal the date aloresand Fi
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<br />`;arvr•YC._. x' i;' , 'r`ll"J - �,. - -NoiRty Public
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