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<br />79~~~~445U
<br />biORTC.AGE _
<br />MORTGAGE LOAN N0. ~ 23470
<br />KNOW ALL MEN BY THESE PRESENTS: That Thomas E. Martin and Nancy J. Martin, each in his dnd
<br />her own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sort[ of
<br />Forty-four Thousand and NQ/100--------------------------------------------------- DottARs
<br />loaned to said mortgagar by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 440 shares of stock of
<br />said ASSOCIATION, Certificate No. L 2347D , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situaced in Hall County, Nebraska:
<br />LOT SEVEN (7) IN BLOCK THREE (3) IN LE HEIGHTS
<br />SECOND SUBDIVISION, BEING A PART OF THE NOP,TH-
<br />~JEST QUARTER OF THE NORTHt•JEST QUARTER OF SECTION
<br />ELEVEN (71) TOWNSHIP ELE`JEN (11) NORTH, RANGE
<br />TEN (10) (JEST OF THE 6TH P.M., IN HALL COUNTY,
<br />NEBRASKA.
<br />together with all the tenements, hrreditaments and appunenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, Minds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and acxssories thereto, pumps, stoves,
<br />refrigrra[ars, and other nxturas and equipment now or he; esf ter attached to ar used in connection with said real estate.
<br />And whereas the said mortgagar has agreed and daes hereby agree that the moateagor shall and will pay a!I taxes and assessments levied or
<br />asxssed upan said premises and upan finis mortgagr and the bond sect•~ed the~ebs- before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated m the sum of S 44,000.OD payable to said .~iSSOC1ATION and to deliver to said
<br />ASSOCIATION the policies for said inutrance; and riot to commit or prtmn amp waste an or about slid premises;
<br />In rs: of defau`i in the performance of ant of the tr: ms and cendiitans of this mortgage ar the bond secured hereby, the mortgagee shaL',
<br />on detttand, )x entitled to immediate possession of the mortgaerd premiers and the mortgagor hereb}' assigns, transfers and sets over to the
<br />mortgagar all the rents, revenues and income to be derived from the mortgaged premises during such time as the mar[gage indebtedness shall remain
<br />unpaid; and [he mortgagee shall base the rower to appoint any agent er agents it rtay desire tar the purpose of repairing slid premiss and renting
<br />the same and evlleaing *.he rents, revenues and income, and it n-uy pay out of said income all expenses of repairing said premises an3 necessary
<br />comtnisswns and expenses mcurred in renting and managing the same and oC collecting rentals therefrom; the balance remauting, if an}', to be
<br />applied tawaid the discharge of said mortgage tndebied,--~°ss: these riehts of the margager may be exercised at an}- time during the existrnce of such
<br />default, irrespecdse of any :emp<ra: ~ waiter of the sanx.
<br />These Presznts, h:+wes~et, arz upon thz Car,3tivan. Ti;at :r the sa[d 3ortgagar shalt rapes said loan an or tmtnre the maturity of said share by
<br />payment: pay monihiv to said ASSLYIATIOS of the sr,-; cperitied m the Bemd secured hereby as imerest and prin.;~~ ~ or. said loan, an of befort
<br />the 7wemirih day of raeh and errs rix~nth,ur,;il said ;oar :s full} patd; pay at! taxes and assrssnren[s trs~rd against said p-rmtsrs and on this Mortgage
<br />and the 8nnd secured thereby, tuFne delinquency .furnish approved insurance upon the buildings thereon in the sum of 544, DDO. QO pay able
<br />to said .ASSOCIATIO\: repay :c seed .ASSOC L4TI0\ upan demand ail money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum Saga! rate rhrrran from date or patrrer.t ati of whi4h Morigagar hereby agrees w pay; prrr[ut no waste en said premiers; keep and a mply
<br />with aL the agreements and rondo±~ns ai the ~.nd fiat 544 QQQ, QD this °ay g>Len by the said ilorigagor to said ASSOCIATIO\, and comply
<br />w~tit all the regs:irerixris of the Constnutiun and By-L :ws a~ said ASSOCIATIO\: thin three prrsrnis shat become Wait and yard, othe;wZSe they
<br />shall remain in full farce and may t+e fotrrlased a[ the option of the said ASSOCIATION after fedora for three months to n[akc any of said
<br />payrrenis w br three months m arrears m making std monthly payrnen[s, ar to keep and comply wtth the agreemerts and rond;tions of said Bond;
<br />and Mart_¢agar agrees w have n rrxtvrr apmrmtrd forthwith m such forrciosure pracredmgs-
<br />iC inure is any change in awnrrslup of the :rat estate morigagrd herein, b} s•[le or o[herxise, then [he artier remaining indebtedness hereby
<br />secured shall, at the opuon of Thr Equnxbir Bu]ding and Loan Association of Grand tsland, Nebraska, become immediately due and payable without
<br />further notice, and the a*n+:unt remarrmg Sue undrs satd bond, and any other bond far any additional advances made thereunder, shall, from the
<br />dart of exezcise of said option bear anterrst at ihr maximum legal rate, and this mortgage may rhea br [oteclosed to satisfy the amount due on said
<br />Lund, and any niter bond roe additra^xl adtances, tuaether with alt sums paid by satd The Egtitabfe Building and fain Assxiatioa of Grand Island,
<br />Nebraska far ittsurarrer, txxrs and assrs:•.•rxr!~. end absirac[mg extenvan charges, with sourest thereon, from date ai payrrieni at the maximum
<br />legal rate-
<br />As pravi~d in the Bond secured hereby. while thi mortgagr remains- m rifest the mortgagee may hrzealur advance additional sums t° the
<br />maker of said Bond, heir assigns <~r s•.l.;.cessars rn inurrst. which sums shag br wsthm the security of this marigage the carne as the funds originally
<br />sexcrrd thereby, the fatal atnaunt of ptmcipa3 deb*. nc+t to ercec-d at any° tinre the original amount of this mortgage.
<br />oted the 11th day :,f July ~. D., 1`79
<br />nines E~ r in _
<br />~~t~1~
<br />~'. rtin
<br />STATE OF NEBRASKA, ~ i 1 th day of July 1979 , berore me,
<br />COU'I.'7Y OF H,At1 ~ On this
<br />the undersigned. a Notary Public in and for said County, personally came
<br />Thomas E. Martin and Nancy J. Martin, each who
<br />in, his and her orm right and as spouse of each other, are personally krmwYS [o
<br />tree. to be the identiai pstson S whose name S dre af5ztd t° the above instrtunent ai mortgagors and they/ severally
<br />adcaowitedged the eaid ittstrumen[ to be t}ie i r voluntary act and decd. ,{
<br />WITNESS ntY hand and Notarial Sea! the date aforesaid. / ~ ~ ,
<br />Aiy Comrniai°a exptrs ~ _
<br />at.sY ~ _ .~'' ~ ~~ tary Public -
<br />~e'Z--x,..' ~ ->- ~/ ;j~^ p®p®p® GfN{RAL frOIARY • State of Nebr.
<br />~ - / JAMES W. CISON
<br />My Comm. {sn, rvov. 12, 1779
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