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<br />MORTGAGE.
<br />^c_V sinuTrer_~ t ~antt~n L ?~~pi?
<br />IiNONr ALL MEN BY" THESE FRESENTS: That Micheal J . Moil edge and Ellen K. Moil edge, each i n hi s
<br />and her own right and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the Sum of
<br />Forty Six Thousand Four Hundred and No/100-------------------------------------__ I)oLLARs
<br />taared to said mortgagor by The €quitable Building and Luan Association of Grand Island, Nebraska, Mortgagee, upon t} j4 shares of stack of
<br />said ASSOCIATION, Certificate No. L 23352 , do hereby gent, convey and mortgage ante the said ASSf~tATIDN the fallowing
<br />described real estate, ~tuated in Na?t Ceun#y, Nebraska: -
<br />LOT TWENTY TWO (22} IN BLOCK THREE (3) LAKE DAMS
<br />ACRES SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />together wkh all the teneman[s, hereditaments and appurtenances thereunto beioneing, including attached floor covert.-tgs, all window screens,
<br />window shades, blinds, storm xindows, awnings, heating, alt conditioning, and pltrmbirtg and water equipment and accessories thereto,gmngs, stoves, -
<br />refrigerators, aad other factures and equipment now ar hereafter attached fo or used in connection with said real estate. -
<br />And whereas the said mortgagor has ageed and does hereby agree that the mortttagar shall and will pay elf taxes and assesst[rents levied or
<br />assessed upon said premises and upon this mortgage and the bond secured theneb~ before the same shaII become delinquent; to furnish approved
<br />insurance upon the buildings nn said premises situatgd in the sum of S 46,4D(~. DO payable to said ASSOCIATION and #a deriver to sgid
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on nr about said premises;
<br />In case of defaal± in the performance of any of the [arms and conditions of ibis mortgage or the bond secured hereby, rite mortgagee-shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the rttartgagor hereby assigns, ttan~ers and sets nver to the.
<br />mnrtgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall retrtaia
<br />unpaid; and the mortgagee shall have the power to appoint any ager,_r ar agents i* may desire for the pu€pose of repairing mid-promlus sad rrztirta_: -- -
<br />the same and collecting the rents, revenues and i..came, and Tt may psy out of said income all expenses of tegairirtg said premises and necessary
<br />cernmissians and expenses incurred in renting artd managing the same aad a[ collecting rsnta1 t_t,erafrom; the balance re[nainirtg; if ary to 6e'
<br />applied reward-the dischaege of said ntartgage mdebtedness; these rights of the mertga~+~e may be exercised at any :im. dtuirrg rile existence «d. •it
<br />default, irtesgective of any temporary waiver of the same.
<br />These preser.TS,however, are upon the Condition, That if the said Mortgagor shalt repay said loan nn or before themsturity of saidxhares by
<br />payment; pay monthly to said ASSOCIATION of the sue,[ speafied in the Bond secured hereby as httsrest and principal an said loan; on or before
<br />the Twentieth day of each and ever}• montis, tintit said loan is fully paid: pay all taxes and assessments levied against said premises and an this Mortgage
<br />and the Bond secured thereby; before delinquerzcy; tarnish approved insurance upon the buildngs thereon in.the sum of a ~ ,40Q, ©() .payable - .-
<br />to said ASStxIAT10N; repay to said ASSOCIATION upon demand all money by it paid Far such taxes, assessments and itrstuance wiih interest ~
<br />the maximum regal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises;keep and comply
<br />with alT the agreements and cnnditinns of the $and far 5 46 , 4DD. QQ this day given by the said lL4origagas ro said ASSOCIATION, and comply
<br />with aII the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure far three months to ruake-any of said
<br />gaytnents ar be three months in arrears in making said monthly payments, or to keep and comply with the ageements and conditions of said Bond;
<br />and Mortgagor 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 otherwise, then the entire remaining indebtedness hereby
<br />secured shag, at the option of The Equitable Building and Loan Association of Grand island. Nebraska,become imrrtediately due and payable withoaz
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and -This mortgage may then be foreclosed to satisfy tht amount dtu an said
<br />bond, and arty other bond far additional advances, together with aB sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for ittsuraace, taxes and assessments, and abstracting extetaion charges, with interest thereon, from data of payment at the maximum
<br />legal rate. _
<br />As provided in 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 successorsrn interest, which sums shad be within tfie security of this mortgage the same as the funds originatfy
<br />secured thereby, the- #otal atrtount of principal deb[ net [o exceed at arty time the original amounT of this mortgage.
<br />Dated this h day of February A. D., 1974
<br />a
<br />` I K 4dor1 e ~ ~~~a`°°"` f~~~
<br />atAin t)F PIEiRASSIfA' x. On this 28th day of February 1979 , before tire,
<br />couNTx d~ tIALd,
<br />- the undersigned, a hrotary ptsbliein and-for said County, pertly came
<br />wEiciteal rl. l~iorledge and Ellen ~C. Morledge, each ~n his and tier ownght and ~ersnnauyx3r~ivnta
<br />ref each other are
<br />me tv he the identical person S whtue nartt6 die afCixad to the above ins#r~nottgagor S and. they severally
<br />ackr+owledged rite said instrument to be tbF'~ r voluntary ac# and deed. { ~~ ~ i ~~
<br />WITNESS' lay head and Notarial Seal the date afoies~ld: } i`~ ~ j t ,~
<br />MY Camarissio'nJ~e/xfpi~res ,~~ ~ j'" J,~'', ~~~`
<br />s-t~su ut `~(! ~~ y-.r ~ ~ J ., 4 Notary Pubic
<br />~~,- t 4~ r ~~r' rrr~ip~! eil~raar,st=T~4~traebr-
<br />/ ~ ~ ~~~. e>so~;
<br />- - - ~ ,~- - `:p Cr;!xr;.i. ix{. ;:o':. 12. 1915
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