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<br />I
<br />
<br />83-'005341
<br />
<br />MORTGAGE
<br />
<br />r
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: That
<br />
<br />MORTGAGE LOAN NO. . L 7.4,111
<br />Dixie A. Best, a single F€rson
<br />
<br />Mortgagor. whether one OT more, in eonsideration of the sum of
<br />Fifty One Thousand Two Hundred and no/lOO~---------------------------------------DOLLARS
<br />
<br />loaned to said mortgllgoT by The Equitable Building and Loan Associat;on of Grand Island, Nebraska, Mortgasee, upon 512 sluues of stock of
<br />said ASSOCIATION, Certificate No. L 24, III , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />desaibed real estate. situated in HaD County. Nebraska:
<br />
<br />Lot Four (4), in Block Four (4), in
<br />
<br />aIde Mill Subdivision, to the City
<br />
<br />of Grand Island, Hall County, Nebraska.
<br />
<br />IOgether with aU the tenements. hereditaments and appunenances thereunto belonging, including attached floor coverings. all window screens,
<br />window shades, blinds, storm windows. awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps. stows,
<br />refrigeutors. and other Ilxtures 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 />assessed upon said premises and upon this roortgagt: and the bond !lecured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 51, 200.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIA nON the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of default ill the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be enlitled to immediate possession of the mortgaged prell1ises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be deri..-ed from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee sha.l1 have the power to appoint any agent or agents it may desire for the purpose of repairing said prenmes and renting.
<br />the same and collecting the rents. revenues and income. and it may payout of said income aU expenses of repairing said premises and necessary
<br />commissions and expenses ine-uned in renting and managing lhC" same anti. of collecting rentals therefrom; the balance remaining, if any. to be
<br />a.pplied toward the discharge of Said mortgage indebtedncss~ 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 />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 e<tch and every month, untiJ said loan is fully pOlid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured [hereby. befo~e delinquency~ furrush approved Insurance upon the buildings Lhereon in the sum of S 51,200.00 payable
<br />to said ASSOCIATION; rcpay to said ASSOCIATION upon demand aU money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of p;ayment aU of which Mortgagor hereby agrees to pay; permit no waste 00 said premises;keep and comply
<br />with aU the agreeuients and conditions or the Bond for S 51 200.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with aU the requirements of the Constiiution and By-Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failwe for three month.,; to make any of said
<br />payments or be three monlhs in arrears in making said monthly payments, 0{ to k.eep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a n:::ccivet appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise. then the entire remaining indebtedness hereby
<br />sceUled shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immew.tely due and payable without
<br />further noUce, and the amount remaining due under said bond, and any other bond for any additional advances made thereundcl, shall, from the
<br />date of exercise of said option. bear interest at the muimum legal rate. and this mortgage may then be foreclosed to satisfy the amount due on sa.id
<br />bond, and any other bond for additioruil advances, together with aII.ums paid by said The Equitable Building and Loan Association of Gnmd Island,
<br />Nebcaska for insurance, lues and assessments. and abstracting extension charges. with interest thereon, from date of payment at the maximum
<br />Iegal..te.
<br />As provided in the Bond SCCUfed hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional swns to the
<br />makers of said Bond, their assigns or successors in interest.~ which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt 001 to exceed at any time the original amount of this mortgage.
<br />
<br />Dated this 12th ilayof July,
<br />
<br />-Pd1th~------~
<br />
<br />A, I)" 19 83
<br />
<br />SlATE O. F NEBRASKA, I ..,
<br />COUNTY Of HALL I
<br />
<br />On this
<br />
<br />12th
<br />
<br />ilayof
<br />
<br />July,
<br />
<br />19 83 , before me,
<br />
<br />L
<br />
<br />tht:: undersigned, a Notary Public in and fOf said COWlty, personally came
<br />
<br />DiXie A. Best, a single person,
<br />
<br />who is
<br />
<br />penonally Irnown to
<br />
<br />me to be the identif;:al penon whose nvne is affIXed tu the above instrument as mortgagor
<br />><:b<>wled8ed the said in.."",..ntl" be her vol....Ulry act and d""d.
<br />\1/lTNESS my b.n4 .nd N"tariaJ S<at tbe d"'e .rore:iaJd,
<br />!oly();"..m_"'<xl'''~v./ /,f,. /9/11
<br />
<br />1J::a~~~
<br />
<br />llndshe
<br />
<br />....rally
<br />
<br />///---.)
<br />( / (/1,
<br />:'';r'"~:h1c.._\~l' ,,-J:2Yc:t~,
<br />Notary !'ubI"
<br />
<br />...It.UI .~
<br />
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