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<br />MORTGAGE
<br />MoItTGAGf: LaAN Na.L 23550
<br />KNOwALLMEPiBYTHEBEPItESENTS:That David A. Ellington and Louise E. Ellinyton, each in his
<br />and her man right, and as spouse of each other
<br />Mortgagor, whether otx or more, in wasderation of [he Brun of
<br />Twenty-eight Thousand and No/100-------------------------------------------------_~L~~
<br />loaned to Bait( mortgagor by The Equitable Building and Lunn Association of Grand }~¢d, Nebraska. Mortgagee, upon 2$D shares of stock of
<br />said ASSOCIATION, Certificate No. L 23550 , do hereby grant, wnwy and mortgage unto the said ASSOCIATION the foltowitg
<br />described real estate, situated in Hall County, Nebraska:
<br />LOTS FIFTEEN (15) AND SIXTEEN (16)
<br />IN ROSS FIRST SUBDIVISION, HALL COUNTY,
<br />NEBRASKA
<br />together with aU the tenements, hercditaments and appurtenantxs thereunto 6etongirtg, including attached !loot wveritrgs, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, tit wndition"rng,and plumbing and fi~ Ater equiprrgrtt artd accessoxks thereto, pumps, stoves,
<br />refrigerators, and other iixtnres and equipment now er hereafter attached to or used in wnnectn~n with said seal estate.
<br />And whereas the said nwrtgagur has agreed and dues hereby agree [hat the mortgagor shall and will pay all taxes and assessments levied or
<br />assessd upon said premises and upon [his mortgage and the bond secured thereb before the same shall become delirtgt~ni; Eo furnish appanvgd
<br />insurance upon the buildings on said premises situated-in the sum of S 2$ , DD~. DD payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the pol[cies for said insurance; and nut to commit or pertrat any waste un or aboat said premises;
<br />in r~u of default in the performance of any of the terms and wndilions of this mortgage or the bond scarred hereby, the mortgagee shall,
<br />on demand, be entitled to imrrtediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and .Bata over io the
<br />mortbagec all the rents, revenues and inwme to be derived from the mortgaged pren»ses dwing such tirrre as the mortgage indebtedness shall temtin
<br />unpaid; and the rrtartgagse shad have the power to appoint any agent or agents it may desire Cor the purpose of repairing said premises and rentittg
<br />the same and wIlecting the rents, revenues and inwme, artd it tray pay out u( said inwme all expenses of repairing said premises and tY
<br />commissions and expenses incurred in renting and managing the same and of :xsllecting rentals therefrom; the balarttx remaining, if any, to be
<br />applied (award the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existentx of sludr
<br />default, irrespxctive of any temporary waiver of the setrz.
<br />Trrssz Presents-, however, art upon the t onditian, That if the said Mortgagor shad repay said loan an ar before the maturity of said shares by
<br />payment; pay monthly to :aid ASSOCIA'CtON of the sum specified in the Hand secured hereby as interest and principal un said bran, an or before
<br />tlre'I\veniiethdcry of each and every month, until said tarn is fully paid; pay ail taxes and acv:_sstttcnts levied ae~;o.n said premises and ua this Martyge
<br />aced Elie t3ond secured thereby; be€urc dcinguency; furr'~r apprr:vrtt irt=_usartee upon th,-6uildtngs ther~s=:st the sent .^,Ci 20 ,GuD. OD l~Y~bk
<br />_- .k; ;.~S:z,IAT'st., :c,.r..y to s~.:.= A'A`iA;:f:N ul>~;:t dzmar:d a;l mar,ry vy ii paid for such taxes, ~~ncrtts and insuratr~ with interest at
<br />the nrxximum legal rate thatcun from date of payment aU oC whir:h Matte, gut hereby agrees to nay: Hermit nu waste on said pre,n'r~aec_, keep ....t ~..~ y
<br />with all the agreertunts ands ,nditions nt the Bond for S 2$,OOD, D(~ris day given by Lhe saw Mr?rrr Ee ~~ ?£SOClA1~1:3sk, ~.;d ;~-~.r'F
<br />with alt the sequirernerts ut the Constitution and By-Laws of ,aid ASSOCIATION; then these presents shah 6ewme null and void, atherwise tltcy
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three ttto¢ths iu make a¢y of said
<br />payntenLS or be three manihs in arrears in making said monthly payments, or to keep and wmply with lire agreerrunts and conditiotu of said t3o:rd;
<br />and Mortgagor agrees to have a receiver appointed furtlrwittr in sut:h ferecknure proceedings.
<br />if there is any change in ownerslnp of the seat estate nnxtgaged Ircrein, by sale or otherwiaa, then tha entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Neboska,txcutne imirrediate(y due arut payable without
<br />further notice, and the arnusmt retrrainrrg due under said bond, and any other bond fur airy additional advances made thereunder, slrali, Crom Iht
<br />date of excreta at said optitur, hear interest et the maximum Icgai rate, and this mortgage rrtay then be foreclosed to satisfy ttte amauni due on raid
<br />hand, and any other Mtnd for additional advanes, together with all Buttes paid by said The Equitlbk Building artd L.uarr Azaociatiun of Grath [skmd,
<br />Nebraska far insurance, tax-s and assesnnents, and abstracting extension charges, with interest thermn, Cram date of payment at thx rrraaimum
<br />legal rate.
<br />As provided in the Nund secured hereby, while this murtgxgc rornains in effect the mortgagee may hereafter advantx additional Burns to the
<br />makers of said $ond, their assigns ur sucusuns in interest, which sums shalt br within the secunty of this mortgage the same as the funds ongiruUy
<br />scored (!tetchy, She iota! asnaunt ut' principaE dzht not to exceed at any time the original amount of this mortgage.
<br />sett tlds 19th Clay ar September n. a . 1979
<br />~ ,..~ ,
<br />D~~ Ell-~ ~=' rat-,a~_.'.__ _~.__.-_
<br />Louise E. Ellington
<br />SCATFi °~ Np.BItASKA' ss. on this 19th ~Y at' September 1979 . ixforc me,
<br />COUNTY Op HALL
<br />the undersigned, a Notary lsu~.gi and for said County, personalty carne
<br />David A. Ellington and Louise E. Ellington, each in his and-fir own right, and as~l~use
<br />of- each other who are per'O IIOW° tO
<br />me fa be the ideoticat person , whose name 5 are affixed iu the above i rtrment as nrortgag~$ and they seve
<br />acknowledged ttte said instrument to be their voluntary act a¢d dad. /
<br />A+iTN~;S$ eery han+t and Notarial Seal the date aforesaid. `
<br />My Comm-r+~nn e_ Errs __ ~` ~
<br />~6E81F.".t°t}TA°Y-S:stastNshs;,kai f.• - °"~..._ otarv~ c
<br />twrazar m JOY tR. 13~"ZLEY ~~-
<br />L My Comm. Exq SeDt.1, 1981
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