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<br />83-003679
<br />
<br />MOR'I1GAGE
<br />
<br />
<br />MORTGAGE LOAN NO.
<br />
<br />L ?L.. lOR
<br />.
<br />
<br />KNOW ALL MI;N BY TIIESE PRESENTS: That Steven L. Glenn and Annette Y. Glen..'L, each in his and her
<br />
<br />ownright and as spouse of each other, Mortgagor, whether one or more, inconsideration of the sum of
<br />'!'hi rty 'T'hrpp Thc)!J!-><"lnd Five Hun4r:p.d auLmLlQO- -------- ----DOLLARS
<br />loaned to said mortgagor by The Equ.itableBuilding and Loan Association of Grand Island, Nebraska, Mortgagee, upon 335 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,108 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />
<br />Lot Ten (10), in Block Two (2), in Schimmer's
<br />
<br />Addition to the City of Grand Island, Hall
<br />
<br />County, Nebraska.
<br />
<br />
<br />together with aU the tenements, hereditamcnts and appurtenanccs thereunto belonging, induding attached floor coverings. all window screens,
<br />window shades, bl.inds, 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 at.tached to or used in connection with said real estate"
<br />
<br />And whereas the said mortgagor has agreed and does hereby ag,ree that the mortgagor shall and 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 premises situated in the sum of $ 33 f 500.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOC.lA nON the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />On demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee a/l the rcents, revenues and incame ta be derived from the mortgaged premises during such time as the martgage indebtedness shall remain
<br />unpaid; and the mOlrtgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income. and it may payout of said income all expenses of repairing said premises and necessary
<br />commissions and expenses inculIed in renting and managing the same and of collecting rent:lls therefrom; the balan~'e 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 />default, irrespective of any temporary waiver of the same"
<br />
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of cach and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on tltis Mortgage
<br />
<br />and the Bond securl~d thereby, before delinquency; furnish approved illsurance upon the buildings thereon in the sum of $ 33,500.00 payable
<br />to saidASSOCIATlON; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rat,e thereon from date of payment all of which Mortgagor hereby agrees to pay; penn.;t no waste on said premises; keep and comply
<br />
<br />with all the agreements and conditions of the Bond for $ 33~ 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 ot said ASSOCIATION; then these presents shall be~'Qme null and void, otherwise they
<br />shall remain in full j;lrCC and may be foreclosed at the option of the said ASSOCIATION after failure lar three months to make any of said
<br />payments or be th,,:e months in arrears in making said 1II0nthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proet.'Cdings.
<br />
<br />jftbereis any change in ownership of the real estate mortgaged herein, by sale Or otherwise, then the entire. remaining indebtedness hereby
<br />SCl;ured shall, at the option of The Equitable Building and Loan Associ3tion of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amQuot. remaining due under said bond, and any othe.r bond for any additional advances made thereunder, Shall. from the
<br />date of exercise of r.aid option, bear interest at the maximum legal rate, and this mortgage may then be fOreclosed to satisfy the amount due on said
<br />bond, and arlY other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebrasi;,;t for insur3ince, taxes andassessmcllts, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate,
<br />
<br />remains in eftt,'Ct the mortgagee may hereafter advance additional sums to the
<br />shall be within the security of this mortgage the same as the funds originally
<br />not to time the original amount of this mortgage.
<br />
<br />July A. D" 19 83
<br />
<br />On this
<br />
<br />12th
<br />
<br />day of
<br />
<br />July
<br />
<br />1983
<br />
<br />, before m<:,
<br />
<br />Annette
<br />
<br />Glenn, each
<br />
<br />the undersigned, a Notary Public in and for said County,personally came
<br />in his imd her own ri9ht and as spo. use of.each
<br />who are ]i<lrsonally known to
<br />
<br />a.nd they sevcl1llly
<br />
<br />their
<br />
<br />s are "ffixed to the ~bove
<br />
<br />vvlulitary ~cl and deed.
<br />the dale aforesaid.
<br />
<br />
<br />11:1
<br />
<br />-_IltfrMf ....r. .,......
<br />JOY M. IIAZLIV
<br />.,.... r.... .._
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