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gg-.. 103139 VOID W113
<br />MORTGAGE _
<br />MoRTt :ACE LOAN Nn. _. L 24,517
<br />KNOW ALL MEN BY THESE PRESENTS: That Brian Allen Mustion and Angela Sue Musti.on, each in his
<br />and her own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the stun of
<br />Thirty-Five Thousand and no/ 100------------------------- ---- -- ---- ----------- - - ---- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Crand island, Nebraska. Mortgagee, upon 350 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24 r 517 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />The East Half of the South Thirty -Eight (EiS38) Feet
<br />of Lot Nine (4), and the East Half of Lot Ten (10), Block Fourteen (14),
<br />in West Park Addition to the City of Grand Island, Hall County, Nebraska,
<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, am conditioning, and plumbing and Witter equipmentand accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attar.hed to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the inortgaeor shall and will pay all taxes and assessments levied or
<br />a
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />a;
<br />insurance upon the buildings on said premises situated in the sum of S 35.000.00 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 premises;
<br />in case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
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<br />on demand, be entitled to immediate possession of the origaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to he derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to a Tint any agent or agents it may desire for the nu pose of repairing Pa Ex PP= 6' F ) i [ p' g said Premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting tentais therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage mdebtedntms these tights of the nnrrtpger., may he exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however. are upon the Condition. That if thr mid Morgagor shall repay >aid loan oil or before the maturity of said shares by
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<br />payment; pay monthly In said ASS(x1AT']ON al Itic sc-n sficcdled in the llood secured hercby is interest and principa! on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid, pay ell taxes and :cements levied against said premises and on this Mortgage
<br />and the Bond secured thereby, `.fore delinquency, liunish approved insurance up—i ilie hmldntgs thereon in the sum of S 35 , 000.00 payable
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<br />to said ASSOCIATION. repay to said ASSOCIATION upon demand all moocv by n paid lot such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon irum dace of payment all of which Mou,,aguI hereby art ecs Its pay, [let nut no waste on said premises; keep and comply
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<br />with all the agreements and conditions of the Bond for S 351000 - 00 this Jay riven by ttte said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSMA I I(1N. ihe;: these presents shall become null and void, otherwise they
<br />shall remain in full force and may be forecloseJ at the option of the said ASS(.X'IAITON after failure for three months to make any of said
<br />payments or be three months tit arrears in making said monthly payments, o r ) keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure pn.rcxedtngs.
<br />If there is any change in ownership of the real estate iortgaged herein, by sale of otherwise, then the entire remaining indebtedness 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 />further notice, and the amount remaining due under said bond, and any other build 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 foreclosed to satisfy the amount due on said
<br />bond,and any other bond for additional advances, together with all sums paid by said The Fquitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and aswssrnents, and abstracting extension charges, with interest thereon, front date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while !his mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, then assigns or successors tit interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any lime the original amount of this mortgage
<br />Dated this day of June A. D.. 19 8b
<br />13th
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<br />lr1j,.n M u flail
<br />Rngeba
<br />STATE" OF NEBRASKA. J On this
<br />CtH1NTY OF [CALL 13t-% 'by of Tune 14 Rr; , befote me,
<br />the undersign i i Nr tai) !'ubli . it and for said County, peruinaliy cattle
<br />Briar. Ap'- it :_uz;ttun and Arj,el -r MuSt.on, each Tn ni.; and her wet f'r;ht. -:nil j`,� tr��
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