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<br />MORTGAGE ~~' `~ (l U l O 5 4
<br />MORTGAGE LOAN NO. i. 9d, j$7 hY]TC`
<br />KNOW ALL MEN BY THESE PRESENTS: That Troy I . Gregg and Patricia A. Gregg, each in his and her
<br />t7nt71 right and as spouse of each other, Mortgagor, whether one or more, in-consideration of the ntm of
<br />74a~t?n~~ Six Thnnsarv3 tv9 no~lOD-------------------------------------~____~~___~_~~DOLLARS
<br />loaned to said mortgagor by The Equitable Budding and Loan Association of C.rand Island, Nebradca, Mortgagce, upon 260 shares ofstodt of
<br />said ASSOCIATION, Certificate No. L 24,187 , do hereby grant, conrey and mortgage unto the said ASSOCIATION the folbwing
<br />described real estate, situated in Hall County, Nebraska
<br />Lot Eight (S), in Block Seventy (70) in
<br />Wheeler & Hennett's Second Addition to the
<br />City of Grand Island, Hall Cotutty, 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 ~ronditioning, and plumbing and water equipment and accesaoriea thereto,putttps,atoves; -
<br />refrigerators, and other tlxtures and equpment now or hereafter attached to or used k connection with said tell estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and asseasmmts-kvied-.or
<br />assessed upon said premises and upon this mortgage and the bond secwed thereby before the same shall become delinquent; to famish approved-- -
<br />insurance upon the buildings on said premises situated in the sum of 5 25, OOO.OO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to mmmit or permit any waste on or about said premises; -
<br />In case of default in the performance of any of the terms and wnditions of this mortgage-or the bond secured hereby; the: tnortgi~ee -shah,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, tratisfen--ate-sets over to the -
<br />rnortgagce all the rents, revenues and inmme to be Derived from the rrwrtgaged premises during such.time as tlte:mortgage-indeb[ednesa sl~Il remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of rcpaisiag slid premises and rrn[irtg
<br />the same and collecting the rents, revenues and income, and it may pay out of said inwme all expenses of iepairliig tadipreittisn.and necetavy
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; We balance-remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the morigagce may be exercised at any time:dttritt6 the ettistence of such
<br />default, irrespective of any temporary waiver of the same. -
<br />These Presents, however, aze upon the Condition, That if the said Mortgagor shall repay said loan.on or before. the maturity of said shoes by -
<br />payment; pay monthly to said ASSOCiAT1UN of the sum specified in the Bond secured hereby as interest and principal;onsaid.loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all [axes and assessments levied against.said~prcmixsandon-thtsMortgage_
<br />and the Bond secured thereby, before delinquency, Cwnish approved insurance upon the buildings thereon in the sum-of S Z(,aQOQ, OQ-_ payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand a6 money by it paid for-such taxes, assessments and insurance witA interest at. _..
<br />the maxhnum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permiGno waste ogsaitl prcmia~;keep and comply- -.
<br />with all the agreements and wnditions of the Bond for 3 26 OOO.OO this day given by the said Mortgagor to said ASSOCIATION, and comply. -
<br />with al! [he requirernenrs of the Constitution and By-Laws otrsaid ASSOCIATION; then these presents ,shall become null .and: wid, othtstwise they --
<br />shah remain in full force and may be foreclosed at the option of [he said ASSOCIATION after faihue for three ttsodtls td make. any;,pf satd~-. .
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agrcements and conditions of said-Bond;
<br />and Mortgagor agrees to have x receiver appointed forthwith in such forecloswe proceedings. -
<br />Itthere is any clangs in ownership of the real estate mortgaged herein, by sile or otherwise, then the entire retrunuttg iodebedrress, hereby -
<br />securcd shah, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, bscome immediarclydue_>nd-pyabk-vt!itltotit.
<br />further notice, and the anwunt remaining due under said hood, and any other bond for any additionil advartcas-rtudathercttnder,shall;_(rom tAe
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy-the amounldue on said.
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Crandislattd;
<br />Nebraska for insurance, taxes and assessrnents, and abstracting extension charges, with interest thereon, from date of payment at the maxitnttm
<br />legal rate.
<br />As provided m the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said-Bond, their assigns or successors iu interest, which sums shall be within the security of this mortgage the same as the fimds originally
<br />secured thereby, the total amount of principal debt nut to exceed at any time the original amount of this mortgage.
<br />Dated [his ,; ~ Lt`s day of i. ,, f A. D., 19 ' ~ f
<br />X . .~ ~ ~ .~ i i'%
<br />' '~ . Y 1., c egr ~-r---- ---
<br />Patricia A. Gregg ~~ ; `
<br />STATE OF NEBRASKA, ~ ss On this ., f da oI ..
<br />COUNTY OF fiALL Y l9 84 ,before me,
<br />the undersigned, a Notary Public in and for said County, personally pros
<br />Syr I. Gregg and Patricia A. Gregg, each in his and her own rightwh~nda a spte~yftrtov~tt~a
<br />r
<br />me to be the identical ptsrson g w}rose name g are affixed to the above insirwrwnt as mortgagor B and they severally
<br />acknowledged the said [etsirument to be tlvBlr vnluniary act and deed. -
<br />,f~"`^°`~^-----.,,,_ [ 'NPSi my hand and Nataria7 Saal thm date aforesaid. - _.._. _ . - - - ' - ~ `~-
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