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<br /> � �s_ ���1�47 �
<br /> MOR'IGAGE
<br /> MORTGAGE LOANNO. L 23.030
<br /> P KNOWALLMENBYTHESEPRESENTS:That Howard W_ Legg and Lorena I. Legg, each in his and her
<br /> �i own right and as spouse of each other, ;
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<br /> " Mortgagor,whether one or more,in conaideration of ths sum of "� �
<br /> ? Twenty Six Thousand Eight Hundred and No/100--------------------___________ _
<br /> ? notr.,nxs
<br /> �. loaned to sa�d mortgagor by The Equitable Building and Le�an Association of Grand Island,Nebraska,Mortgagee,up�n 268 shares of stock of
<br /> � said ASSOCIATION,Certifica[e No.L 23��3� ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> „��,.� described reai estate,situated in Hall County,Nebraska:
<br /> LOT TWO (2), BLOCK SEVENTEEN (17), OF
<br /> � COLLEGE ADDITION TO WEST LAWN, IN GRAND
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<br /> '' ISLAND, NEBRASKA.
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<br /> � together with all the tenements, hereditaments and appurtenances thereunto belonging,including attached Floor coverings,all window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> -j . refrigerators,and othnr fixtures and equipment now or hereaher attached to or uud in connection with said real estate.
<br /> �� And whereas the said mortgagor has agreed and does hereby agree [hat the mortgagor shall and will pay all taxes and assessmrnts levied oz t
<br /> .� assesaed upon said premises and upon this mortgage and the bond secured thereby befoce the same shail becomc delinqurnt;to furnish approved � 4
<br /> insurunce upon the buiidings on said premius situated in the sum of SQ(7�HOO.00 payable to said ASSOC►ATION and to deliver to said �
<br /> ASSOCIATION the policies for said insurance;and not to rnmmit or perm�t any was[e on or abouf said premius; �
<br /> '�� .� . In case of default in the performance of any of the terms and conditions of tttis mortgage or the bond secured hereby,the mortgagee shall, � i
<br /> .,-f on demand, be entitled to immediate posseuion oF the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> unpaid;and ihe mortgagee shall have the power to appoint any agent or agents it may desire for ihc purpou of ropairing said premiset and rcnting
<br /> ; the same and collecting the rents,revenues and income,and it may pay out of said income al) expenxs of repairing said premises and neauary
<br /> 'i � rnmmissions and expenses incurred in renting and managing the same and of collecting rentals therefrom: the balance «tnaining,if any,to be i,
<br /> �� . a�pep�d';oward the diuharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such -
<br /> i f spective of any temporary waiver of the same.
<br /> ;. . Thex Prexnts,however,are upon the Condition,Tha[if the said Mortgagor shall repay said Ioan on or before the msturity of said shares by � �
<br /> j payment;pay monthly to said ASSOCIpTION of the sum specified in the Bond ucured hercby as interost and principal on aaid loan,on or before
<br /> . the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> s� and the Bond ucured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of$26 s��.�� payabte � ' �
<br /> to said ASSOCIATION:repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> � the maximum legal rate thercon from date of payment all o(which Mortgagor hercby agrees to pay;permit no waste on said premius;keep and comply �
<br /> �� with all the agreements and conditions of the Bond for$26 s�0.�0 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> ? with all the requ'uements of the Constitution and By-Laws of said ASSOCIA'f(ON;then theu presents shsll become null and void,otherwix they
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for [hree months to make any of said
<br /> _ paymrnts or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond;
<br /> and Mortgagoz agrees to have a receiver appointed forthwith in such foroclosure proceedings.
<br /> If there is any change in ownership of the resl estate mortgaged herein,by sale or otherwise,then the ent've remaining indebtednes hereby ��
<br /> secured shaLL,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> j�, further notioe,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the
<br /> ± date of exerciu of said option,bear interest at the maximum tegal rate,and this mortgage may then be foreeloud to satisty the amount dut on said
<br /> ,.f bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Assoaiation of Grand Island, .; � � � �
<br /> � Nebraska for insurance,taxes and azxuments,and abstracting extension charges, with interest thereon, from date oF payment at the maximum
<br /> � legal rate.
<br /> }. . As provided in the Bond secured hereby,while this mortgage remains in eFfect the mortgagee may hereafter advance additional sums to the � � � � �
<br /> makers of said Bond,their assigns or successors in interes[,which sums shall be within the ucurity of[his mortgage the same as the funds originally
<br /> `� secured Yhercby,the total amount of principal deb[not to exceed at any tune[he original amount of this mortgaga . . . �
<br /> Dated t[�is 14th. a8y or March A'.D.,i9 78
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<br /> Howard W. Legg Lorena I. Legg ;
<br /> S�'ATE OF NEBRASKA,(ffi, o„u»S 14th. ae or March
<br /> COUNTY pF HpLL` Y 19 7$ ,beFore me,
<br /> the undersigned,a Notary Public in and for said County,perwnally wme �
<br /> Howard W_ legg and�Lorena I. Legg, each in his and her own right and as spouse of �
<br /> 2dCh U�h21^ who a�„e peraonally known to
<br /> me to be the identical person S whose mme 5 d►'2 alltxed to t3w above inst t as mortgagor S and they severapy
<br /> �. , adcnowled�ed the said inatrument to be 'thE�1' rpluntacy act and dxd.
<br /> WITNESS�++y}u�d md Notaria]Seal the date aforesaid.
<br /> • ��6E(IERAt NOfAR •� F$� ;Gxpi[ea ' ..
<br /> JAMES W.:OISON� � : �.� - � � . �
<br /> ' � �lIY Comns.Exp.Nov.12.1 �1. �Y I�1 7 Nohry Pub13c
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