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79-' t~ti3234
<br />MORTGAGE _
<br />MORTGAGE LOAN No. L 23433
<br />KNOW ALL MEN BY THESE PRESENTS: That Norman R, Bennett and Eleanor F. Bennett, each in his
<br />and her own right and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty Six Thousand Five Hundred and NoJ100-------------------------------------- afiLLARs
<br />loaned to said mortgagoc by The Equitable Building and Luan Aswciation of Grand island, Nebraska, Mortgagee, upon 365 shares of stock of
<br />said ASSOCIATION, Certificate No. L 23433 , do hereby gran[, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT THIRTY ONE (31} AND THE SOUTH TWENTY SEVEN AND
<br />ONE HALF FEET (27 z'} OF LOT THIRTY TWO (32} IN
<br />WEST HEIGHTS SECOND ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditamznts and appurtenances thereunto belonging, including attached fluor coverings, all window screens,
<br />vrirsdaw shades, blinds, storm windows, awnirigs, heating, air m nditianing, and plumbing and water equipment attd acexssaria thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereaftec attached to or used in connection with raid real estate.
<br />And whereas the said tttortgager 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 She frond secured thereby before the same shall become delinquent: to furnish approved
<br />insiuancx upon the builsiirigs an said premises situated is the sum of S 36 , 500, QQ payable to slid ASSOCIATION and to deliver to said
<br />ASSOCIA730N the policies for sa;d insurance; and not to commit or permit 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 band secured hereby, the mortgagee shall,
<br />art demand, be entitled to itrunediate possession of the mortgaged premises and the tnorigagor hereby assigns, transfers and sets over to the
<br />rnnrtgaga all iht ecru, reventus and income to be dezived f rom 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 artd renting
<br />the erne and collecting Litt rents, avenues and incornt, and ii may pay out of said insrome cell expen~s of repairing said prerttixs and ttttxsssry
<br />commissions and expenses ittcurrrd in renting, and mnnncng the same and of collecting rentals thtrcfrom: the ba3ance retraining, U any, to be
<br />applied toward fix di=-^Itarge of said mortgage ittdebtetiness; these rights of the mortgagee tray be exercised at am• time 3ttring the existence of sutdt
<br />default, irrespective of any temporary waiver of the satrte.
<br />These Presents, howxvtr, are upon ifte Condition, That if the said Mortgagor shall repay slid loan an or before tht maturity of said shares by
<br />payatent; pay rrianthly to said AS-SOCiATION of the sum specified in the Band secured hereb} as interest and princi~! on said loan, an or befott
<br />ttx Twentieth day of each and evxn' tstanth, until said loan is fully paid; pay all taxes and assessments levied against said pretttises and on this Mortgage
<br />attd the Bond secuad thtreby, before delinquency; fwnish approved insurance upon the bttddings therrnn in the sum of S 36 , 500. DO payable
<br />w said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes. assessments and instrance with interest at
<br />the mncimutn legal rate Lhsreon from dais of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; kecp and comply
<br />with apt the agreettxnts and conditions of the Bond for S 36 , 500. ~ this day given b} the said Mortgagor to said ASSOCIATION, and comply
<br />with cell tht :eq.,irttmms of tlx Constitution and By-laws of said ASSOCIATION; tlten these presents shall become null and void, otherwix they
<br />~iaB rerttain in foil fors" and troy be foreclosed ai ttie option of the said ASSOCIATION after failu:e for three months to make any of said
<br />paytntnts ar be three rtwnths in araars in trtakir>g said monthly payments, or to keep and amply with the agreements and conditions of said Bond;
<br />ate hlortgsgor agrees to have a receivYr appointed forthwith in such foreciusure praceedings_
<br />tf ihea is any change in ownerliip of the real estate mortgaged hrzrin, by sale or otherwise, then the entirt remaining indebtedness heaby
<br />secured sfialf, at tIrc option of The E.gtntahk $uildirtg attd Lawn Association of Grand tsland,.Nebrailca, became immedtatety due and payable w4thout
<br />further ratite, amd the amount rertninine else under said bond, and any u[hcr bond for any additional advances made thereundu, shag, from the
<br />date of ezerese of txid option, bear intrrey at the maximum legal rate, and this marteage troy then be foreclosed to satisfy the arttotmt dtte on said
<br />band; slid any other bond fns additional advanm, toaeU,cr with all sums paid by said The Equitable Buflding and LOan Association of Grand Island,
<br />Irebraaka for insurancee, taxes and assessments, and ahsiraciirg extension charges. withtntsrest thereon, from date of payment at tht maximum
<br />legal late.
<br />As provided is tht Hord sertred heaby, while thu ittwtgage remains in effect the mortgagm_ trffiy htreafter advance additions! autos xo tht
<br />awkrrs ~ aaai'$ottd, then stets or stucrsson in interest. whxh sums shaD be within the security ni this tiwrtgage the same as the funds origiaaBy
<br />- scarred thereby, the fatal amount of ptvrt`tQal debt rat to tzcud at any tittle the original amount of thu rtturtgage.
<br />~ this 24th day of t'~; May A. a..19 79
<br />R. ~ttit tt f~.
<br />- canoe nne " _.._ a T_
<br />SYA2E flF ~~-, ~ On thh 24th day of ray is79 ,before rte,
<br />C'fltRttlY F3F•~tAI:L ~-
<br />afXCii'~dti R. Sennett and £1 eal~r E. Bennett , the ttnderttigned, a Notary Public it and for said County. personally tame
<br />each in his and-her own right and as spouse oi' each other who are petsorwllyknownta
<br />ma w be the identical peratm S whose mriie 5 are afftxed to the above ins mortgagor 5 and they severally
<br />aduiawieddtd dte slid atstrurrtent to be their roit+rstary act and deed. "1
<br />RRTNESS my hand sad Alatarisl Seal the date afattsaid. ''
<br />Sly ~orara3ssiioa exoirea -~
<br />Notary Public
<br />st-aatt at tiERAL AlOTARY -Stott of Mabr.
<br />.FAMES W. 01:5s~.t
<br />MY Gttnm. ExG. ruv. 12, 197?
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