|
� �
<br /> .78-s !.�t1?�Q 3
<br /> NIORTGAGE
<br /> �� MOR7'GAGE LOAN NO. L ' � �� ��
<br /> KNOWALLMENBYTHESEPRESENTS:That Gregory W. Baker dild Dale M. Baker, each lfl f17S dfld
<br /> her own right and as spouse of each other
<br /> � � __Mongagor_whether one or more,in consideration of the sum of �� � � � .
<br /> Thirty Thousand and No/100--------------------
<br /> DOLLARS
<br /> : loaned m said mortgagor by The Equitable Building and Loan Association of Crand Istand,Nebraska,Mortgagee,upon 30� shares of stock of . � �
<br /> �� said ASSOCIATION,Certificate No.L 2$,093 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following . � . - �
<br /> described real estate,situated in Hall County,Nebraska: . � . -
<br /> LOT TWENTY (20) IN MEADOW LANE FOURTH
<br /> SUBDIVISION, HALL COUNTY, NEBRASKA
<br /> � together with all the tenements,hereditamertts and appurtenances thereunto belonging,including attached tloor coverings,all window ureens, � . .
<br /> � window shades,blinds,srorm windows,awnings,heating,air conditioning,and plumhing and water equipment and accessories thercto,pumps,stova, �. .-
<br /> rcfrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said rcal estate. ' � �
<br /> � And whereas the said mortgagor has agreed and doeshereby agree cha[ the murtgagor shall and will pay all taxes and assessments levied or . � ..�. �
<br /> assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquenr,to fumish approved: ��
<br /> insurance upon the buildings on said premises situated in the sum of S 30�ODU_�� payable to said ASSOCIATION and to deliver to said �
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premiser, � � � �
<br /> In case of default in the performance of any of the urms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, � �
<br /> on demand,be entitled to immediate possession 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 the mortgagce shall have[he power to appoint any agent or agents it may desire for the purpose of repairing said premises and rcnting � ' � �
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repa'uing 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,[o be � . � . . .
<br /> applied toward the discharge of said mortgage indebtedness;theu rights o(the mortgagee may be exercised at any time during the existence of such � �
<br /> deFault,irrcspective of any temporary waiver of the same. '. . . � .
<br /> Theu Preunts,however,are upon the Condition,That if the wid Dlortgagor shall repay said loan on or beforo the maturity of said shares by � .� .
<br /> payment;pay monthly to said ASSOCIA7'ION of the sum speci�ed in the Bond secured hereby as interest and principal on said loan,on or before - � � � � .
<br /> the Twentieth day of each and evcry month,until said loan is fully paid;pay all taxes and asussments levied against said premises and on this Mortgage � .
<br /> and the Bond secured thereby,before detinquency;furnish approved insurance upon the buildings thereon in the sum of S 3Q�QQQ.QQ paYable , � . �
<br /> to said ASSOCIATION:repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interost at _ . .
<br /> the maximum legal rate thereon from date of payment all oFwhich Mortgagor hereby agrees to pay:permit no waste on sxid premises;keep and comply . : �
<br /> �� � with all the agreements and conditions of the Bond for$ 3�����.�0 this day given by the said Mortgagor to said ASSOCIATION,and comply �. . �
<br /> with all the requuements of the Constitution and By-Laws of said ASSOCIATION: then these presents shall become null and void,otherwix thry � ��
<br /> �,� � . shall remain in full force and may be toreclosed at the op[ion 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 keep and comply with the agreements and conditions of said Bond: � � � �
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. � �
<br /> � �� if there is any change in owaership ofthe real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby . ' � � � �
<br /> :� !• secured shatl,at the option of The Equitable Building and Loan Association of Crand Island,Nebraska,become immediately due and payable without � �.. � �
<br /> further notice,and the amount remaining due under said bond,and any uther bond for any additional advances made thereunder,shall,from the �
<br /> � date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foredoud to satisfy the amount due on said � -
<br /> bond,and any other bond for additional advances,together with alI sums paid by said The Equitable Building and Loan Association of Grand Island, � � �� � �
<br /> ��j � Nebraska for inswana,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum . � �
<br /> 1ega1 rata
<br /> As provided in the Bond ucured hereby,while this mortgage remains in eFfeet the morigagee may hereafter advance additional sums to the . � . .
<br /> makers of said Bond,the"u assigns or successors in interest,which sum:shall be within the xcurity of this mongage the same as the funds originally .
<br /> secured thereby,the tatal amount of principal debt not to exceed at any time the originat amount of this mortgaga � . . �
<br /> nac a tt�s 2nd day of May A.D.,iv 78
<br /> :t �
<br /> e , a .
<br /> .i ale M. B ker ?
<br /> ��i � STA�E�O��B�RAS�,� � On this ZIIC� day of Ma,y 1978 ,before me, °- - � .��
<br /> jthe undersi ed,a Notary Public in and tor said County,personally came '��'' '-j
<br /> � Gre �,�. Baker and Dale M. Baker, each in his and �ier own right and as spouse of each � �
<br />� � � � 1'MC{;E3 who d1^@ perwnaily known to .:
<br /> - d ,',
<br /> �!��� � . to,bs�ht,�i�l son5 whou name5 `are affixed to the above instrument as mortgagor 5 and 'tfley severally �'` ws.�
<br /> ' acl�owledged i}�p stid in ent to be thei r voluntary ad and deed. T � ";1�,
<br /> { � ��. ? p C �" my hand and Notarial Seal the date aforeeaid. � x'' '*�'..:'
<br /> ��_ .cr� • 1 l
<br /> cxr Nc5 MZCCo 'on expires � ]1 ��go �\ �� �; � � �t�
<br /> .rp • d \ ����a-�
<br /> ��qUG 31.�`:•�•�,Q� ' N ry Pubtic �
<br /> �Qf�:i G�`���
<br /> �
<br />
|