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79~, ~t.i3238
<br />MORTGAGE.
<br />A10RTGAGE LOAN NO. ~, 23432
<br />KNOW ALL MEN BY" THESE PRESENTS: That Mary L. Otto , a s i ngl a person
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twerrl:y Five Thousand Seven Hundred and No/100------------------------------------- DOLLARS
<br />loaned to said mortgagor try The Equitable Building and Loan Association of Grand Island, Nebraska. !vorgagee, upon 257 shares of stock of
<br />said ASSOCIATION, Certifipte No. L 23432 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />dtstribed real estate, situated in ilalI County, Ntbraska:
<br />LOT TWELVE (12) AND THE SOUTH HALF (S a) OF LOT
<br />THIRTEEN (13} IN BLOCK THREE (3} PLEASANT HILL
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />and
<br />THE SOUTH FIFTY-SIX (55) FEET OF L07 FIVE (5}
<br />IN 6LOCK NINETEEN (, I9) IN H, G. CLARK'S
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />together with aIl the tenements, hereditatnents and apputtenances thereunio belonging, including attachtd floor coverings, all wine:ow screens,
<br />window shades, blinds, storm windows, aw~tings, heating, air wnditioning, and plumbing and wa[er equipment and accessories thereto, pumps, stoves,
<br />refrigerator, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor ha; agreed and dots hereby agree that the mortgagor shall and will pay all taxes and assessmtnts levied or
<br />assessed upon said premius and upon thu mortgage and the bond secured thereby before the same shall become detinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 25 X700, 00 payable to said ASSOCIATION and to deliver to said
<br />ASSflC1ATiON the polities €or said insurance: and pox to commit or permit any waste on or about said premises;
<br />[n case of defauh in the performance of any of the terms and conditions of this ritorigage or the bond secured hereby, the mortgagee shall,
<br />oa demand, be entitled to immediate possession of [he mortgaged premises and the mortgagor hereby assigns, transitn and sets over to the
<br />mortgagce aU the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />tmpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the propose of repairing said premises and renting
<br />the same and collecting the Tenn, revenues and income, and it may pay out of said income a1! 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 may be exercised at any tithe during tht existentt of such
<br />de.fault, irrespective of any temporary waivtz of the same.
<br />These Presents, however, art upon the Condition, That if the said Norzgagor shall repay said toan on or briore tht maturity of said shams by
<br />payment; pay rtionthl-y io said ASSOC1AT10N of the sum specified in the Bond strurrd hereby as interest and principal on said loan, en er before
<br />the Twtnti~th day of eacdt and ever}' month, until said ioae is fully paid; pay ail [axes aced assessments levied against said prtmists and on this Mortgage
<br />and the Bond secwed thereby, before delinquency: fumish approved insursnce upon the buildings thereon in the sum of $ 25 ,700.00 payabk
<br />to said ASSOCIA'I°ION; repay to said ASSOCIATION upon demand all money by 9t paid for such texts, assessments and insurance with interest at
<br />the maximum kgai me thereon from date of payment all cf which Mortgagor htrehy agrces to pay; permit no wash on said premists;ksep and comply
<br />with ail the agrtemenis and ronditions of tfie Bond for S 25 700.00 this day given by the said Mortgagor io said ASSOCIATION, and comply
<br />with ati ttte rrquiretrreats a3 the Constitution and B}°-Laws a~said ASSOCIATION: then these presents shall become null and void, otherwise they
<br />~1 rerttain in fuC force and may be forecloud at the option of the said ASSOCIATION after failurt for tltrce months to make any of said
<br />~ymenn or t~ three inonths in arrcar in making said monthly payments, or to kcep and campty with the agterments and cendnians of said Bond:
<br />and Mottgagos agrees to have a receiver appointed forihwi[h in such foreclosure proceedings.
<br />If there is any change in oumership of the real estate mortgaged herein, by sate or otherwise, then the rntue remaining indebtedness hereby
<br />secured shall, at ilx option of Tice Equitabk Building and Loan Assor:istion of Grand [slsnd. Nebraska, become immediately due acrd payabk without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances aside thereunder, shaft, ftam the
<br />date of exercise at said option, bear interest at the maximum legal tact, and this mortgage may then be foretloxd to satisfy [he amount dot on said
<br />Ito~,and any ot;xr band for addititir•.=t aavances, together wa h a3 sums paid by said The Equitable Bnv'dmg and Loan Association of Grand Island,
<br />Nebraska for insurant, texts and assesettents, and abstratting exunsion charges, with ;pretest the..*eon, from date of payment at the maximum
<br />legal ra[t. -
<br />4s provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional stems to tht
<br />ttvkets of said Bond, then assigns or successor in interest, which sums shall be within the security of ibis mortgage the same as the funds originally
<br />_ srcuctd thereby, t#u: total amount of principal debt not to exceed at any tune iht original amount of this mortgage.
<br />Deed this 24L~1 day of Mdy A. D., 19~~
<br />Elary L.
<br />~~' ~~~ }ace. On this 24th day of May 1979 ,before me,
<br />tilt uadersagaied, a Notary Public in and for said County, personally nme
<br />Mary ~,, Otto, d Si ngI e ~ who 1 S ptraonally known to
<br />me to ba the idaatitat person ~ ~ g~Tlzai to the above instrument as mortgagor and She s1Nli01t)I
<br />aeei flu saiel itraivmait to he a~~' vmta~l4aiy t, rid deal.
<br />WffNESS rtry Band Seat the daft ~
<br />j ~a. /
<br />My Commissimt txpne! 1~- ~,,~~ 3 { ~ ,~7 ~ ,~ai%L~GLsy
<br />i -
<br />r isa st ., - ~ Notary Public
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