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<br />
<br />'.dOR1GAGE
<br />$IfikTGAGE LOA.-~,''~O. L233981!~IC
<br />K~+fpwAtLMENBVTHESEPRESE'~r3:That t~ev2rly A. Dt?LL~Sh, 3 STnyle ,rJerson
<br />Martggor. whether one or mom, i~ cotisidenisort of the susm of
<br />Seventeep Thousand and NoJIDO------------------------------------°--------------- DoLLAxs
<br />loaned to said rnortgagar by The Equitable Building and Loan Association of Grand Island. tiebrasica, Mortgagee, open 170 shares of stogy of
<br />said ASSOCIATION, Certificate No. L23398MGIC , do ftereby ¢rant. conve}- and mongage unto the said ASSOCIATION Lht followi,-~
<br />descr."bed real estate, situated in Hall County, Nebraska:
<br />LOT EIGHT (8) IN BLOCK SEVENTY-SEVEN (]]} IN
<br />WHEELER & BENNETT'S THIRD ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all [he tenements, heredi[aments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, bliads, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumpsstovrs,
<br />refrigerators, and ocher 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 taxis and assessments kvkd 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 $I] tOOQ, OQ payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and wt to commit or perm[[ any waste on or about 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 mortgagor hereby assigns, transfers and sets ovror to the
<br />mortgagee al! the rents, revenues and income to be derived from 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 desue 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 alt 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 arty, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee tray 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 bet`ore the maturity of said shares by
<br />payrisent; 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 />ami the Band secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ I ] s0(}0, OO gayabte
<br />to said ASSOCIATION; repay 20 said ASSOCIATION upon demand aiS money by it paid fat such taxes, assessments andvtsurantt with interest at
<br />the maximum legal rate thereon from date of payment alt of which Mortgagor hereby agrees to pay; permit no waste on said premises;keep and comply
<br />with all the agreements and conditions of the Bond for $ 1 ] , QOO.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requuernents of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shalt 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 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 shall, at the option of The Equinble Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond foe 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 6e 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 for insurance, taxes and assessments, and abstracting extension charges, wish interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee tray hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of [his rroRgage the same as the funds origirraBy
<br />secured !hereby, the total amount ofprincipal debt not to exceed a[ any time the original amount of this mortgage.
<br />Dated th;a 2bth aay of i Apri 1 A. D., 1979
<br />~ ` /
<br />-'~~ LO
<br />sraTE or NEBRASKA, ~ ~ thin 26th day of Apri I 1979 ,before mc,
<br />coLlrrrY oI~ I#AtL
<br />the undersigned, a Notary• Public in and for said County, personally came
<br />- I;EYBrI}+ ~. D Sh - 1
<br /> S personalty known to
<br />who
<br />ir. GAR
<br />rre to be the iden ' .. name 15 affixed to the above instrument as mortgagor and S h2 2fr74X~y7C
<br />~~A` ,~
<br />sdcnawkdgcd ip~atment to$~ y rr~f~ T' voluntary act and dud.
<br />ESS gpr'>>ts4a end3gota{al Seal the date aforesaid.
<br /> ,/
<br />~, , ': _ ~~ Natary Public
<br />a-i-eat R7 i'~h. cST ~'' .~_ .••~ ,~'- '~.~
<br />~~'~ ~'i's.ot'D'i~
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