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<br />:iIORTGAGELO?_N NO. LZ3385 M6IC
<br />KNOW ALL MEN BY THESE PRESENTS:7hat Michael A, Mitchell and Carta M. Mitchell, edCh in his
<br />and her own rightaand as spouse of each other
<br />Mortgagor, whither oru or more, in consideration of the sum of
<br />Thirty Eight Thousand Nine Hundred and NoJ2Q0-------------------------------------~rLLAxs
<br />loaned to said mortgagor 6y The Equitabl<_ Building and Lvan Association of Grand Island, Nebraska, Mortgagee, upon 389 shares of stock of
<br />said ASSOCIATION, Certificate No. L23385 MGIC , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT THIRTY FOUR (34), POTASH SUBDIVISION IN
<br />HALL COUNTY, NEBRASKA.
<br />together with aU the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, ail window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning,and plumbing and waterequipmentand accessories thereto,pumps,stoves,
<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 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 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 33B,900. DO payable tv said ASSOCIATION and to deliver to said
<br />ASSOCIATION the paliei2s fes said irs'~~r~r~; and ref to commit ar permit any waste ar. or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the band secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and se[s over to the
<br />mortgagee all the rents, revenues and income to be derived Crom the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the 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 collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee map 6e exercised at any time during the existence of such
<br />default, irresaective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That iF the said Aiortgagor 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 each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance aeon the buildings thereon in the sum of 3 3B,9OO.OD payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum Legal rate thereon from date of payrnent all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with aB the agreements and mnditiom of the Bond for S 3$,900. DO this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirenxnts of the Constitution 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 failure for three months to make any of said
<br />payments 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 />and Mortgagor agrees to have a receiver appointed forthwith in such Coreclosure proceedings.
<br />if there is any change i_r, ownershsp of the real estate mcrtgaged he:eir., by sale a: ctherwise, .l:en the entire rerrraining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Gland Island, 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 />da±e of exercise 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 />bond,and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska Cor insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at tht 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 successors in interest, which twos shall be vrithin the security of this mortgage the same as the fonds originally
<br />seetued thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this ] daX of pri 1 A. D., re 79
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<br />e
<br />STATE OF NEBRASKA, ss. On this ] th day of Apr 11 19 ] 9 ,before me,
<br />cOtINTY OE-HALL
<br />the underaigr[ed, a Notary Public in and for said County, persanaUy came
<br />Mich;le7 A. i~litchelY and Garla M. Mitchell, each in his and her own right and as spouse
<br />of edch other who are personally known to
<br />me to be the identical parson S whose oaths 5 are affixed to the above instrumental mort r S and th2,}r severally
<br />k~gad the said Irtatritmettt to isz their voluntary-act and dad. , j~
<br />WITtiESS my }rand and Notariil-sea! the date aforesaid.
<br />My commission sxpirea j _ f >, : ~~. ~" ~ _,~=,~ ? _ _
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