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<br />MORTGAC'diF
<br />Mo~TC,ACI:I.oA,aNO. L 23,633 MGIC
<br />xNOWALLMEhiBYTTiESEPRFSEty`T"S:That Gordon J. Scarborough, a single person
<br />Mortgagor, whether one or more, in consideration of t[u sum of
<br />Forty-seven Thousand Two Hundred and NoJ100--______________________________________ ~~~
<br />loaned to said mvngagor by The Equitabke Building and Loan Association of Grand Island, Nebrastu, Mortgagoe, upon 472 shams of storilt of
<br />said ASSOCIATION, Certifxate No. (_23,633 MGIC do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT SIX {6) IN BLOCK TWO (2) IN PLEASANT VIEW ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />ALSO
<br />EASTERLY SIX FEET (6') OF LOT FIVE (5) IN BLOCK TWO {2)
<br />IN PLEASANT VIEW ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />together with ail the tenements, hereditamen[s and appurtenances thereunto belonging, ineirrdirrg attached [loot coverings, aB window screens,
<br />window shades, blinds. storm windows, awnings, heating, air mnditioning,and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />" refrigerators, and other factures and equipment now or hereafter atlaclted to or used in mnnectio:r 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 [he band secured [hereby before [hc same shall btcorne deiingtrent; to furnish approved
<br />insurance upon itre buildings on said premises situated-in [he sum of $ 47 ,20~. 00 payable to said ASSOCIATION and to deliver ko said
<br />ASSOC
<br />IATTON'thc hcies fo: said insurance and not tam t
<br />Im' mmr or rmit an waste o
<br />pe y on r about said pretises;
<br />In case of defeat( iia the perforirrance of any of the terms and conditions of this mortgage or the bond secured hereby, the roortergee shall,
<br />on demand; be emit}ed to immediate possesion of the mortgaged premises and the rnvrtgagor hereby assigns, transfers and sets over to the
<br />mor[gagtt alt the mots, revenues and income to be derived from the morippged premises during such time as the mortgage indebtedness shaft retrain
<br />unpaid; and fhe mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairitg said premises and reoking
<br />the same and mBeding the cents, revenues and income, and it rtray pay out of said income aft expenses of repairing said premiua grid necessary
<br />commissions and expenses incurred in renting and managhrg t}re same and of mtlecting rentals therefrom; [Ix balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may fY exercised at any time during the existen,x o€ such
<br />- defautr, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upvn the Condition, That if the said Mortgagvr shaft repay said town on or before the maturity of said shares by
<br />payment; pay monthly to said ASS(7C:IATION of the sum specified in the Bond secured hereby as interest and principal err said town, on or before
<br />itrc Twentieth day oC each and every month, anti! said loan is fatty paid; pay act taxes and as~ssments ievred against said premises and on this Mortpge
<br />',.',and i[te Bund secured thereby, bffvre delinquency: famish approved insurance upon the buiklin~gs ther~an >n t~ sumo€ S 47 , 200. ~~ payable
<br />to said ilSSOCtATiON; repay .v said ASSOCIATION upon demand alt money by it paid for wch taxes, a~sssnents and insurance with inures( at
<br />~^ legs..o.,. „f p4Ktr~i act of wf, Mort r hereb ~rces to
<br />~. ', tM tr~ximu... r .s.,. !hereon frao: da°te .' gag=r Y 9 pay; pc....ii ro :.'as#e vn saw {uatnisra-a~p and auffipty -
<br />-with a!t the agretrrrents acrd mrrdtttoris of the Bend-far E 47 , ~QQ ~ (}{j this day given by the said Mortgagor to said ASSOCIA17tN[, and mmpy
<br />with aB the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shag became nuB and void, otherwise they
<br />shall remain in Cott force and ntay 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 kcep and comply with the agrcements and conditions of said Bnnd;
<br />and Mortgagor agrees to have a receiver appvinfed forthwith in wch foreclosure proceedings.
<br />It then is any change in ownership of the real estate mortgaged herein, by sale ur otherwise, (teen tare entire rcrosinirtg iadebtedtres9 lttreby
<br />second shall, at the option of T'he Equitable Building and Loan Association of Grand Island,Nebraska, become irneradiatety dtre and payable without
<br />further notice, and the armunt remaining due under said bend, and any other twnd far any additional advances made thereunder, s{talt, Erma the
<br />date of exercise of said option, bear interest ar the maximum ~gai rate, and this rnartgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other band for additional advances, together with all sums paid by said The Pgrtitabk Building sad [.oar Association of (;rand Island,
<br />Nebraska Cor insurance, taxes and assessments, and abstracting extension drarges, with interert thereon, from date of payment at the maximum
<br />Mgal rate.
<br />As provided in the $ond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional stuns to the
<br />makers of said Bond, their assigns or succeswrs in interest, which sums chap be within the security oC this mortgage the erne as the funds origittalty
<br />secured thereby, the total amount of pnnupat debt not to cxeced at any time the origins( sera~unt of this mortgage.
<br />Dated this / Y
<br />.~+~ day oi' ~'Iiio cf . A. D., 19 7
<br />UO'~~ CarDOr0i1~~_7r~~~_ -,
<br />SPATE OF NEBRASKA, 14 , before me,
<br />roUriT~r o~ HALL ~ ~' °r wa 20th des of November 79
<br />the undersigned, a Notary I?ub[ic in and for said Cowtty, penonaBy came
<br />Gordan J. Scarborough, a single person
<br />who j g persompy known to
<br />sre to be tt~ identical perm whose name i S affixed to the above instrument as mortgagor and he
<br />ackrwwledged ttre said irratrurtrent to ix hl S voluntary act and deed.
<br />1Y[T'NF.SS my 6ami and Matariat Seat the date aforesaid.
<br />My Corrtmission expires f ~~
<br />taraznr nt ,~~d;;! ~'1' ~ ;7ia ei ,,°:'u"bresttl Diary I'ubtic~
<br />inn
<br />i ~,, ~ ~" `ns~
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