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'5- 005681
<br />MORTGAGE _ See L 23,230
<br />MORTGAGE LOAN NO. L 24 1,426
<br />KNOW ALL MEN BY THESE PRESENTS: That Kim E. Maroc and Kathryn M. Marco, each' in his and her
<br />own right and as spouse of each other, Mtrtgagor, whether one or more, in consideration of the sum of
<br />Four ____ WLLARS
<br />lamed to said martpgor by 'The Equitable Budding and Loan Association of Grand Island, Nebraska, Mortgagee, upon 45 shares of stock of
<br />said ASSOCIATION, Certificate No, 1. 24,426 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described teal estate, situated in Hall County, Nebraska:
<br />Lot Two (2) in Amick Acres Second Subdivisicn
<br />located in part of the North Half of the Southwest
<br />Quarter (N'SWk) and part of the South Half of
<br />the Northwest Quarter (S'V1k,) of Section Two (2) ,
<br />Township Nine (9).North, Range Ten (10) West of the
<br />6t1f P.M., in Hall County, Nebraska.
<br />together with all the !enemenfs, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm window%, awnings, heating, air conditioning,and plumbing and water equipment
<br />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 rroarippor has agreed and does hereby agree that the mortgagor shall and will pay all razes and 1,a....... is levied or
<br />amessed upon said premises and upon this mortgage and the tend secured thereby before
<br />the same shall become delinquent; to furnish approved
<br />insurance uptm the buildings on said premises situated in the sum of S 4,500.60 payable to said ASSOCIATION and to deliver to sa W
<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 bond secured hereby, the mortpgee shall,
<br />on demand, be entitled to immediate pos won of the mortgaged premises and the mortgagor hereby
<br />a%-Aps, 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
<br />purpose of repairing said premises and renting
<br />the ante 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 acne and of collecting rentals therefrom: the balance remaining, if any, to be
<br />applied toward the discharge Of said mottgage indebtedness: these rights of the ins• tgager may be exercised at any time during the existence of such
<br />NO
<br />default, ifrespoc-trvi of any temporary waiver of the acne.
<br />These Presents, however, are upon the Condition. What if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said AWWIATION of the sum specified in the Rk nd sensed hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, umil said Ilan 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 S 4 , 500.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest
<br />at
<br />the maximum legal rate ilietcor, from date of payrnent all of which Mortgagor hereby agrees Io pay; permit no waste on said premises; keep and comply
<br />'nth 1,0 the agreements and ctmditnns of the Mond for S 4r 500 .00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of Saul ASSOCIATION ' then these presents shall become null and void, otherwise they
<br />shall r muW in full forty and tray be foreclosed at the option of the said ASSOCIATION after failure for three months to crake any of said
<br />payments w be three months in amass in snaking said monthly payments, or to keep and comply with the agreements and conditions of aid Bond;
<br />aid Mnrtppsr agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If There rs any change in /ownership of the real estate mortgaged herein, by ale or otherwise, then the entire retraining indebtedness hereby
<br />secured $11180, at the option of The I quttable Building and Looan Association of grand Island, Nebranka,becotne
<br />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 life
<br />doe- of exercise of aid option, bear mteres at the maximum legal rate, and this m ottgage tiny then be foreclosed to satisfy the amount due on Ovid
<br />batd,and any Whir bond for additional advances, together with all sums paid by said The Equitable Building and loan Association of C ;rand Island,
<br />Ndwaaka for itmwans=, taxes and amesments, and abstracting extensim charges, with interest thereon, from date of payment at the maximum
<br />It&l rate.
<br />As provwled in the Bond wcuied hereby, while this rrnrtgafc remains in effect tine mortgagee may hereafter advance additional sums to the
<br />makers ref said Bond. their assns ,rr succcxsors in interest, which sums shall he within the security of this murlgW tie same as the funds originally
<br />secured thereby. the total amount of priacipid debt not to exceed at any time the original amount of this mortgage.
<br />Dated this 11th day of November A 1) . eta 85
<br />Co
<br />.a IT o -
<br />STATE O ' NI:ORA A
<br />a t)n this 11th day of iJoVem x r 19tl5 txlorr roc,
<br />COUNTY OI' IIALI.
<br />I he untstpd
<br />dem. a Notary Public in and for said county, personally came
<br />L Kiln L. Marou arxi Katlayrn M. Marco, each in his arri l'ir sawn right atw spotasr�cy
<br />all
<br />rag
<br />other, l `�sllvnto
<br />are
<br />n1e to he the td,nricai perms S wto w nactie attived to the above ors urricnt aajmurt or and
<br />S are Rag Uk::y - ,vitally
<br />xtren.wledprd the cord rnstranrenl w iK- tkxl1r voluntary air and d, e., -"
<br />1vTh!V},SS my tixrid and N<rtasiil Sera! the Aare al ureuol
<br />j
<br />My f omlrflttytllll cy.pllP'A �
<br />temm at wrar^3 ynr ,'. ? "i %,'t f - -.. - (� _,.....___, Notery l'mblo:
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