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000981
<br />iTRTT :AGIi
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<br />_.4. �—_-----=----_—_=::_-_--___— �— _.�------- MORTGAGE LOAN NO. HI- 795 AFHAL
<br />KNOW ALL MEN BY THISE PROSENiS: That Roger L. Smith and E Ida M. Smith, each in his and her
<br />own right and as spouse of each other, Mortgagor, whether one or mnre, in consideration of the stun of
<br />FQeven 1118 }i pci_N eteen_and_ 12j�00 — ----- - - - -- _ -_- __ -- __ = - --T)OLLARS
<br />loaned to said reffirrigagor by The Equitable Buulding and Loan Association of grand '!stand, Nebraska, Mortgagee, upon 110 shares of stock of
<br />said ASSOCIATION, Certificate No. L HI -795 (FHA)do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in stall County, Nebraska
<br />Lot Five (5), in Fractional Block One Htulared Thirty Two (132),
<br />in Union Pacific Railway Company's :second Addition to the City
<br />of Gralia Island, Hall County, Nebraska.
<br />together with all the tenements, hereditaments anti appurtenances thereunto; helongtng, including attached floor coverings, all window screens,
<br />window shades. blinds, storm windows, awnings, heating, air conditioning, and plumbing and water cquiptnent 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 nxrrtgagot has agreed and does hereby agree that the mortgagot shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon ;his mortgage and the bond secured thereby hefore the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated fit the sum of S 11, 019.12 payable to .;aid ASSMIATION and to deliver to said
<br />ASSIX'IATION the policies for said insurance; and not to contmA ur permit any waste on or about said premises.
<br />In caw of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgaSce shall,
<br />cwt demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns. transfers and sets aver to the
<br />murigaget. 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 necessary
<br />cmmniasums and expenses incinied in renting and managing the saint` and cot 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 he exercised at any time during the existence of such
<br />default, irrespective of any lernporaiv waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of sand shares by
<br />payawill pay ninthly to sail ASS(M IAI ]ON mf the sum specified in the Bond sectored hereby as interest and principal on said loan, on for before
<br />the 1'wenteth day of each and every rmntb. until said loan is fully paid; pay all taxes anti assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before dchnquercy; furnish approved insurance upon the buildings thereon in the sum of S11, 019.12 payable
<br />to said A.SS(M'IATiON; repay to card A.SS(M'IATION upon demand all in oney by it paid for such taxes, assessments and insurance with mtcrest at
<br />the rraxrmurn legal rate thereon front date at payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and cornph.y
<br />with all the agreements and conditions of the Bond fior S ],1t 019.12 this day given by the said Mortgagor to said A,SSMIA'ITON, and comply
<br />with all the requirements of the 0nistitunon and ByLaws ti said ASS(M'IA hiON. then these presents shall become null and void, otherwise they
<br />slab remain in full force and may tic foreclosed at the option of the said ASSIM'IATION after failure for three nsonths to make any of said
<br />payments or he three months m arrears to making said nionahly payments, •1t to keep and comply with the agreements and conditions tit said lhnfd;
<br />and Mort :r 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 othetwtm. then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Budding and Loan Association of Grand Island, Nebraska, become emrtediately dire and payable without
<br />fruther notice, and the am ourit temaumng due under said bond, and any other Iond for any additional advances trade thereunder, shall, from the
<br />date of exercise if Will optmu, lean interest at the nuffunun legal talc, ail this mortgage may then he foreclosed to satisfy the amount die two saA
<br />borld.and any (other horns for additonal advances, togolici with all sums paid by said 1 h FtImiable, Building and Loan Association of Crand Island,
<br />Nebraska for msurance, taxes and : +sa•sattw nt5, and abstracting extension charges, with rnferest thereon, horn) date of payment at the naxintun
<br />leap fate.
<br />As pmovxled in fife Ikond wcured hereby, while ilm mattgage rentaim nn effect the mnrrtgagce may hereafter :advance additional slims to the
<br />makers of Said Mind. tficlr assigns ,I <uccesums in tntetest, which suits %hall he wnhtn the 1c111ty of this mortgage [lie one as the fundsorigmally
<br />secured tlefeby, flc total :mount of 111trtcipal debt nut tin exceed at any tmx the os,gnal arrauunt of this nnort
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