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79-~ ~~ i,
<br />MORTGAGE -
<br />MORTGAGE LOAN NO. _ L23362 T
<br />KNOW ALL MEN BY THESE PRESENTS: That Howard t~. Legg and Lorena I . Legg , each i n his and her
<br />own right and as spouse of each other
<br />Mortgagor, whether one or more, in wnsideration of the sum of
<br />Forty-Nine Thousand Six Hundred and NoJ200--------------------------°------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island, Nebraska, Mortgagee, upon 496 sleazes of stock of
<br />said ASS~IATION, Certifi,xte No_ L 23362 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Nall County, Nebraska:
<br />LOT NINE(9) WESTWOOD PARK ~UBDI4iISI0N, HALL COUNTY, 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 conditioning, and plumbing and water equipment and accessaries thereto, pumps,szot~s,
<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 mortgagor has agr-ed and does hereby agree that the m+~rtgagor shalt 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 [he sum of 5 4~ , 604. ~0 pspabte to said ASSOCIATION and to deliver '~ said
<br />ASSOCIAT[ON the pabcies for said insurance; and net to wmmit or perrttit any waste on or abaut said premises;
<br />[n case of default in khe performance of any of the terms and conditions of this mortgage or the bend secured hereby, the mortgagee shall,
<br />on demand, ae entitled to immediate possession of the mortgaged premises and the mortga~o*. hereby assigns, transfers and sets over to [he
<br />t:tartgagea a[i t!:e re.*.ts, revem!es and incamt to be derived fram thz mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the pewee to appaint any agent or agents ~ may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and i[ may pay aut of said income all expenses of repairing said premises and necessazy
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to bt
<br />applied toward the discharge oC said mortgage indebtedness: these rights of the mortgagee may be exercised at any time dttring the existencx of such
<br />default, irrespectivt of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan or, or before the matrsssty of said shares by
<br />payment: pay monthly to :aid ASSOC[ATION of the sum specified ifl the Band xcured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fuLy paid; pay alt taxes and assessments levied agairsi said premises and on this Mortgagt
<br />and the Bond secured thereby, befare delinquency: furnish approved insurance upon the buildings thereon in the sum of S 49,600. ~O payable
<br />to said ASSOCIAT[ON: repay' to said ASSOCIATION upon demand alt money by it paid for such :axes, assassrnent<_ and insraanec with interest at
<br />the maximum legal rate thereon fram date of payment alt of which Mortgagor hereby nacre to pay; permit no waste on said promises; keep nerd comply
<br />with alt the agreements and conditions of the Bond for S ~~ , 600.00 this day given by the said Mortgagor to said ASSOC1AT10N, and comply
<br />with all the requirements of the Cemstituticn and By-Laws of said ASSOCIATION; then these presents shall become null and vroid, otherwise thty
<br />shall remain in tali farce and may be foreclosed at the aption of :he said ASS~lAT10N after failure for three months to make any of said
<br />payments or bt- three months in artears in making said monthly payments, or to keep and comply with the agrcements and ~ronditions of said Bond;
<br />and Mortgagor agrees to have a receiver ap}winted forthwith in such foreclosure proceedings.
<br />if there is any change in ownership of [he real estate mortgaged herein, by sale or otherwise, Then the entire remaining indebtedness hereby
<br />secured shalt, ai the option of The Equitable Building and Loan Association of Grand Island, Nebraska, becatrte immediately due and payable vrithout
<br />further notice, and the amount remainirrg due under said band, and any other bond for any additional advances trade thereunder, shall, from the
<br />date of exer°ise of said option, beaz interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount ilea on said
<br />bond, and any other bond for additsona! advances, together with all sums paid by said The Equitable Building and Lawn Association of Grand Island,
<br />Nebraska for irsurarce, taxes and assessments, and abstracting extension charges, with interes::F~tcon, fzom date of payrtrcnt at Ute maximum
<br />iegairate.
<br />As provided in fire Bond secured hereby, while this mortgage remai~ts in effect the mortgagee may hereafter 2drutce additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the Sarre as rite funds originally
<br />secured thereby. the total amount of principal debt rat to exceed at any time the original amount of this mortgage.
<br />Dsted this j 5th day of MdrCh A. D., I97g
<br />iv .?~
<br />_,_,~ -
<br />G ,
<br />Lorena I. Legg ~;
<br />STATE OF NEBRASKA, ~ ss On this 15th day of March 1979 ,before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />'rfoward W, Legg -and Lorena i. Legg, each in his and her own right a~~aasar~ous~~~a~',~„„nta
<br />ether
<br />rae to be the identical persons whose.aizr~S ; a;i:~ at~ced to the above instrtument as mortgagor S and they severally
<br />adcntnvledgad the mid instrument #o be ,~heF~'- ' volitnta§y ~~rd deed.
<br />WITNESS my hand antl:}~+tota~a[ Seat#ho data af~resa~.
<br />My Commission axpue~ 1,rr7 '~~~'" ~' r
<br />{, ' ~ t ~ Notary Pubhc
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