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~9- vU1916
<br />MORTGAGE - _. -
<br />MoRTGncE LOAN No. L 23384MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Randy L: Bal and and Josephine V. Bal and , 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 />Twenty One Thousand Six Hundred and No/100----------------------------°------°--- DOLLARS
<br />baned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 216 shares of stock of
<br />said ASSOCIATION, Certificate No. L23384MGIC , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in HaB County, Nebraska:
<br />LOT SEVEN (]) IN BLOCK THIRTEEN (13) IN JOHN W.
<br />LAMBERT'S ADDITION TO THE CITY OF GRAND ISLAND,
<br />NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached door corerings, all window careens,
<br />window shades, blinds, storm windows, awnings, heatin¢, air conditioning, and plumbing and water equipment and accessories thereto, pumps,stoves,
<br />refrigeratars, and other fixtures and equipmem now or hereafter attached [o or used in wnnection with said real estate.
<br />Aod whereas the said mortgagor has agreed and does hereby agree that the mortgagor slrall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bend secured therebv before the same shall become delinquent: to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S2j ~6D0, 00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance: and not to rnmmit or permit any waste on or abut said premises;
<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 mottgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during ruch time as the mortgage indebtedness shall remain
<br />unpaid; and tht mortgagee 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 mBecfsn¢ the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />mtnmissions and expenses incurred in renting and managing the saax and of collecting rentals therefrom; the balance remaining, if any, t° 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 temporan waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay sa*.d 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, un or before
<br />the Twentieth day of each and even month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on ttus Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 2 j ~ 6D0, DO payable
<br />to said ASSOCIATION: repay to said 4SSCtCiAT10N upon demand all money by it paid for ruclt taxes, assessments and insurance with interest at
<br />the maximtnn legal rate thereon from date of payment aB of which Mortgagor hereby agrees to pay; permit no waste on said premius; keep and comply
<br />with all the agreements and conditions of the Bond for S 2j 6DD. DD ihts day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and Sy-Laws of said ASSOCIATION; then these presents shag become null and void, otherwise they
<br />shall remain m fuB fu;ce and may be foreclosed at the option of the said ASSOCIATION after (allure for three months to make any of said
<br />payroents or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />artd Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the rttl estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shalt, at the option of The Equitable Building and Loan Association of Grand Is1and,Nebraska.become immediately due and payable without
<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 ezerese of said option, bear interest at the maximum Legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />boad,and any other bond for additksnal advantxs, together with all corns paid b}° said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska far insurance, taxes and assessmrnu, and abs[ractirtg extension charges, with interest thereon, from date of payment at the maximum
<br />legal nts.
<br />As provided in i}x Bond secured hereby, while this mortgage remains in eITect the mortgagee may hereafter advance additional sums [o the
<br />maktrs of aid $and, their assigns or successors in interest, which sums shall be within the seturiry of [his mortgage the saute as the funds originally
<br />secured thereby, Lire tool amount of principal debt not to exceed at any time tfie original amoum of this mortgage.
<br />this 5th ' nay of Apri 1 A. D-. 19 79
<br />sS ~~~~LavQ~~
<br />y ana . r i
<br />dos ~ irre V. Baland
<br />STATE©F'NEBRAS%A, as. On this 5th daY of April 19]9 ,before me,
<br />COUN3`Y QF }lAi.L
<br />the undersigned, a Notary Public in and for said County, pers°nally wrrte
<br />(trendy L. 8a]and and Josephine V. Baland, each in his and her own ri ht and as s~~ou5 of
<br />-each other "~7O are Inr§o„ally~trtown to
<br />roc robe the identical person 5 whose name 5 are affixed to the above instrtrment as mortgagor 5 and they severally
<br />,dcetu,vbdgpd the raid ittrtrunrattt to be their voluntary act and deed.
<br />P7TNFSS snY hand and Notarial Seat the data aforesaid. ~' ~
<br />My C°mmission expires ~ `
<br />- ~~,.- Notary Public
<br />IiENERAL NOTARY • State of ticbr,
<br />`t.stYty JAMES W.OLSDN
<br />dy Gomm. Ezp. tiov. 12, 1479
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