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<br />MOICTGAGE _
<br />A10RTC,AGE LOAN NO. L z 3 , 6 riO
<br />ravowALLMt:NaYTHFSEPftFSP:NTS:rrtiaat Howard W. Legg and Lorene I. Legg, each in his and hem
<br />own right, and as spouse of each other
<br />Morigagar, whether one or more, in cotrsideration of the sum of
<br />rorty-four Thousand Eight Hundred and tdo/700------------------------------- _ pp/Iel2S
<br />loaned to said mortgagor by The Equitable awldirg and F.tsan Association of Grand Island, Nebraska, Mortgagce, upon 448 shares of storJc of
<br />said ASSOCIATION, Certificate No. L 23,660 , do It,reby grant, convey and mortgage wttu the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT SIX (6j IN WESTROADS ESTATES FOURTH SUBDIVISION IN
<br />HALL COUNTY, NEBRASKA.
<br />trsgatbar with alt the tenert~nts, hereditarnants and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, btinds, storm wirtdows, a vnings, heating, air cronditioning, and ptumbirtg and watr:r equipment and arccssoriea thereto, pttrtips,rioves,
<br />refrigerators, and other futures and equiprrsent now or hereafter attached to or used in cannectirtn with said real estate.
<br />And whereas the said nmrtgagor has agreed and does hereby agree that the mortgagor shat! and will pay all taxes attd as~tenta levied or
<br />assaAed upon said ptxtnises and upon this mortgage and the band secured thereby before ;he same shall become delinquent; [o furnish approved
<br />insurance upon tfie buildings on said premises siluated~in the sum of $ 44 , BDD. OD payable to said ASSOCIATION and [o deliver to sad
<br />ASSOCIATION the policies for said insuranm; and not to commit or permit any waste an or about aid premises;
<br />}n case aC default in the performance of any of the terms and conditions of this mortgage or the bond seewed hereby, the ttrortgagee shall,
<br />an detnatid, be entitled to immediate possession of the mortgaged premises and the mottgagor hereby assigns, transfers sad sets ovCr to the
<br />morigagee s}) the tents, re-/entxs and inwtrs to be derived from the mortgaged premises during such time as the mortgage isidtb[edrresa shall remain
<br />unpaid; end the nnxtgagee shall haws the power to appoint any agent ar agents it rrtay desire for the purpose of repairing said premises at[d rrntirtg
<br />the satrre and collecting the rents, revenues and income, and it may pay out of said income ail expenses of repairing said premises and neastary
<br />commissions and expenses incurred in renting and managing the sane and of collecting rentals therefrom; the balance rcntaining, if spy, to 1x
<br />applied toward the discharge of said mortgage ipdebtedneu= these tights af' the mortgagee may Ise exercised at any tirtte dui-ir~ the es:~nce o€ atrdt-
<br />default,irrespective of any temporary waiver of the same.
<br />TPtese Presents, Ptawever, are upon the Condition, That if the aid Mortgagor shall repay said loop on or before the mattrzity ~f said shares by
<br />payment; pay monthly to said ASSO(:SATIO,y of the sum specified in the ilcrrtd secured hereby as interest and principal on aid loan, on or before
<br />the Twentieth day of>_acl? and even irxnth, until said ?oar. is fully paid: pay all taxes and ass£sstttenis levi¢d against a~ premises acrd rm this Mortgags
<br />and the aond secured kfrereby, before delinquency; ftsrttictt apetoved irrvssa.~ open the tsu tdirtes Iherean in rite sorts of 5 ~Y , 4D(), v(,i pay~ab§
<br />to said A.SSt)CtATION; repay to said ASSOCIATION upon demand ail morrey by it paid for such taxes, assesstmnts and irrstiranea with interest at
<br />t:~ tnaxk.:um teg~-.t rate thereon fr=-. date of pxi;-rrrznt ati of wlris3t Morigarur hereby agrees to pay;,;,.rntit r:a wasiron aas°„ p<€r°~.; attd rr ,'y
<br />-with all the agraasrrents Bird rxrnditiacs of the Bond for $ ~~ , Bd~D. QD rbis day given ray rite said Mortgagor to sad ASSOCIATION, sad WmPIY
<br />with all the requirements of the Constitution and aY-Laws of said ASSOC:A'fION; then these presents shall become put) and void, otherwise they
<br />shall remain in furl force and troy Ire foreckssed at the option of the said ASSOCIATION after failure far throe months to make any of said
<br />payments of be three months in arrears in makipg said monthly paytrtents, or to keep and asmply with the agxaertrents and conditiops of said Hand;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure procxediirgs.
<br />if there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, tlup the entire remaining iMlebtedtxm hereby
<br />secured shale, •rt the option of The Equitable BuiMing and l aan Asociation of Grand Island, Nabraska,bewttx immediately due and payable without
<br />Curther notitx, and [he atnuwtt remaining due tmdcr said band, and any arbor bond for any additional advances rrtade thereunder, ahaH, from the
<br />data of exercise of said option, bear interest at the maximum legal rate, and this trrixtgage may then be forer~osed to satisfy the attarmt due on asid
<br />bond, sad any other bcsnd for vdditiorral advances, together with an sums paid by aid 'f ha Equitable auildwg and Lwn Assaaiatian of Grand Island,
<br />Nebraska fm insmaru-c, taxes and assasoriapts, snd abstracting extension rtuteges, with interest thereop, from date of payment at the maximum
<br />legal rata.
<br />As rovided in rite (lernd secured hereby, while this mortgage remains in effect the tnortgeget may hereafter advance additional sums to the
<br />makers uP said &md, their assigrts or succtst~:srs in mterast„which sums shall be within tht sacurify of this mortgage the aaaaF as the Fonda origittaHy
<br />aeewed thereby, the total amount of principal debt not to exceed at any time the original amount of this rrwttgage.
<br />o,t~ uria 7 8th day „f December A. n., l9 79
<br />t3 d Ft. L _tanr_._ .___..~__-_-_
<br />Lorena I. Legg )
<br />STATE OF NEBRASKA, } ss On tits 7 8th say of December l4 JJ , bePore tree,
<br />COtJN"I'Y OF F1A;d, f
<br />Howard W. Legg and Lorena I. Leog, each in his
<br />me to tee tfie identical person S whose name S d re affixed ter the strove
<br />adcnowkdged the said instrument to be their wluptary act and deed.
<br />WITNtSS my hand and Notarial Seat the date aforesaid.
<br />My C crtittrrissian expiraa
<br />~~
<br />lt4ra2ar AI xr ~,.y
<br />.~' " .tom"?/ ! ~"~ . ~~-~7 4' LrJ
<br />the undersignett, a Notary PubGe in and for said County, personally camp
<br />and her own right, as spous~g~f~~~~not~her
<br />are
<br />and they,,,,..sa+a~taPty
<br />j~ r
<br />~~~ /
<br />/!l~ /~-
<br />~GENERAI N'JTARY•State of Nebraska
<br />,MES W. OLSGN
<br />^`"-"i''~r°'~a hty Comm. Ezp. Nov. 12, 1H$3
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