|
� ..
<br />�; ��'�' a
<br /> � __='ri�.
<br /> � �
<br /> ��� :�a2�4�
<br /> MORTGAGE _
<br /> ntpK�rcwCCs LOAI+1 NO._L 22,632
<br /> KNOW ALL MkiN I3Y THESE PRESENTS:TLnt John R. Cochran Jr. and Penel ope R. Cochran, 2dCh l t1 1118
<br /> '? and her own right and as spouse ofi eaeh other,
<br /> PtartHag�r,whether one or more,in consideration uf the sum oF
<br /> ' ` Twenty-seven 7housand Five Hundred and No/100--------------------------------------���KS
<br /> � E �: � �1<�xned tu said�mvrtgagurby TIre�Equitable.Building�und�Loan Assuciation of Gxund:[slund,Nebraska,Mortgagee,up�n �L 75. sh,�res ot stock of.�
<br /> said ASSOCIATION,Ccrti#icate No. L 2��($� ,do 1i�rebp grant, cr�nvey and moctga�e untu tlie suid ASSOCIATlON tho Cutlqwin�
<br /> S�scribed rea!estaie,situaYed in Fiall C�unty,Nebrxska:
<br /> '' LO7 FIFTY EIGNT (58) IN WOLFE'S SUBDIVISION,
<br /> ; ���
<br /> � IN THE �ITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> s
<br /> ����� � �
<br /> �,
<br /> �
<br /> � q
<br /> 3r,-'
<br /> X
<br /> � � .
<br /> �
<br /> ��together with �I! the tenements,hexeditamenfs �nd appurtenances tliereunto betonging,including attached�f2oor cuverings,all window sczeens,
<br /> �� �window shades,blinds,storm�windows,awain$s,hexting,air condit.ioning,and plumbing and wuter eyuipmont and uccsssvdes ihereto,punips,stoves,
<br /> C� � � �. re2'rigerators,�and othnr f'ixtures xnd ryuipment.now or hereaftm�nttached to or used in conneceion wilh suid real est�ta� � � .
<br /> �� �� � � A�td whe�eas thc suid rnurtgagor has agreud and does here6y agree [hat th� rnntl�,agur sltult and will pay al! taxes and vssessrnants leviad or
<br /> �� � �� assessed�upon said premises and upon.this mortgage and the�6ar�d seaued dicreby befc�re the same slialt becon�e delinquent;to Furnisl�approved
<br /> � insurance upon the buildings on said prcmiscs situa[ed in the sum of$ Z��50�.OQ payable to said ASSOCIATION and tu deliver to sai3 . .
<br /> � i �ASSQCIAT'ION tlte pu�icies fbr said insurance;and not to comrnit ox permit any waste un or abcut a�id premises; � �
<br /> ? � �tn ease of defuult in tlre performance.vE any oC thc terms and conditions o[this mortgage or qae bund secored�liereby,the mvrtgc�ea.ahatl,�
<br /> on demand,be�en[itled to�unntediatr possession o(the murtgaged�remises and the mortgugix herehy ussigray, transle.ts and sets crver to tlie
<br /> t' � mortgagee�all t}te rents,:revenuas xnJ incume to Ue derived f'rom the morxgaged premises during such time as rhm murtgage indebtednnss shall remain.
<br /> �..� � � -unpaid:aud zhr mortgagee�shali have the pvwer m appoint oiny agent or agents it muy desire for the purpose of repuirin�said premises and rrnting
<br /> � d�e same and colleMing the rents,revenues und income,and it may pay c�ut uf s�id income all expenses�of repairing said prmmisrs nnd�necossary�
<br /> � coirunissions and expenses incurred in renting and m�naging the samr and of culicctitrg rentale ttxereCru�n; the buiMc.� remainin�, iC aay, tc�be �
<br /> `� applied toward the disrherge of said mortgage indebte�iness;these rights uf ihe mortgaKee may be exercised at any time duiing the eaistence uf such
<br /> } � default,irrrspective oF uny tr.mporary waiver af Ihc same.�
<br /> '��� . � 'Phese}'resents.howevcr,are upun the Conditiun.,"I'haf if d�e snid Mortgagor slisll cepay said loan on ar beibre die m;�turity of said sharas 6y . �
<br /> �� � psy�nent;pay monttily to said ASSOC1AT10N uf the surn speciGed in the Bund secured hereby as intecesi and principal on wid loan,un or before -
<br /> � � thn Twrntieth day ai exch and every month,wzt.il said lo�n is fully paid;pay all taxes and assessments levierl agsinst said pre3niscs and un ttiis Mortgage
<br /> } 1 �� � . and the l3and secur�3 theraby;befm'e delinyuency;(urnish approved insw�ance upon the buildings thereon in the sum of$ 2],SQQ.QQ � payable � .
<br /> r : �� to said ASSOCIATION;rupay to s:tid ASSOCIATION upon demand all money by i[pxid for such taxes,assessments and insurance with interes2 at.
<br /> �� � the maximurn legul rate thareon fcom dste of payment all of'which Mortgagur here6y agrees to pay;permit no weste on suldpremises;keep nnd cumply � �� � �
<br /> �� � a�ith al}the agreements and cunditior�s of the Bond fur 52] SQQ.QQ thi�da,Y given by the said 3�4ortgagc�r to said ASSQI:IATION,�and�comply �� �
<br /> .�.� �� with uil the requirements of thc Cunstitutipn and$yLaws of said ASSOCIATION:lhen thest presents shull become null 3nd ve�id,atherwisn they�� � �� ..
<br /> shail.remain. in (ull�lbrce and rnay be�iorectased at tlie optiun of thu said r1.SSCX.lATION alter fuilurc for thrre mun[tis tu mulce any of'syid � . �. .
<br /> payments or be.thr�e months in arresrs in mak.in$suid monthly payanents,ur to keep a.nd comply.a�ith tl�e agreements anti conditlons of said Bond; �� � � � . �
<br /> � �. . � and Mortgagor agraes to hrve.a i�eceio'e+'appui�ited forthwith in sucli foreclosure procoedings. � �� . � � .
<br /> � � if Aiere is any change in owncrship of tltie real estete mortgnged hereu�,by sal� ur uthcrwise, then llta eniire rernaining indebtedness I�ereby . �. � � � �
<br /> secured shali,nt the option ot Tixe F.yuiiabte 13uilding and Loan Asuacivtion of Grand Island,NeUrusks,becomc�imm�dintely due and paya6le witimut �- � .
<br /> � further notice,ssnd tiie amoanc remaining due undet s��d bond,and any other band f'or any xdditional advencns mada thereundex,shall..froxn Uie � � � . . .
<br /> d:ttr uf cxercise of said option,bear intemst at the fnaximum legal rste,and this rnortgage msy then be tbteclosed ta sa[isfy the amvunt due on snid
<br /> � bond,and any uther bond For additionai.ndvunnes,togethcr with all�sums paid by said The Equitable Building end Luan Associacion of(:rund Island, � � � � � � .
<br /> , i��. � Nebraska for insurance,taxes a.nd�assessments,and abstractiing extension cliarges, witl� intecast thereon. Crom d•nte of payment at Yhe nta�cimum . � . .. . . .
<br /> legal rate. � . . .
<br /> � As pt�avided in the Bond secured hereby,whi�e this mor[gage remains�in elfecl.the mo.rtgegce may hereafter a�wance additionai sums t�the. �� �
<br /> -� makers of said�Bond,their assigps:or successors in interest,which spms shall be within the security of this mortgage tlte samt.as the funds urigiiwlly . � �
<br /> � secuccd.thereby,the total amount uf principal debt nut tc�cxceed at viy time tl�c originat amount oF lhis mcirtgrga. � . . � � �
<br /> �� Da d this 5th dayoC Ma�r •� A D.19 ] r
<br /> 4,�;,�.�.._..._.;�r_ ---�.., �;�:.',� 1�-'�%—
<br /> �l R. Cochran Jr. f�o e R. oc��
<br /> • .
<br /> ° sxAr�o�Nca�twsx,�,i
<br /> ss. Un this $tl1 aay�,r� May 19 �7 ,before me,
<br /> S COU',�TY OF F�ALL�
<br /> the undcrsi ned,a Notary Public in und for said Caunty,p�raonally came �S �
<br /> 3chn R. :Cochran Jr. and Penelope R. Cachran, each in �his and her own right and as spouse of ,�y, ;,r�y%�
<br /> , r� wleo a re Ferac>nally known to e
<br /> tdc�o�� xson 5 wtiosc name S dre affixed to the xbove instrument as mortgagur S und they severally , ',�
<br /> � a Wtb8ga6�fe�id trument to bc �hl'7 Y' voluntary act and deed. l'+» '��'
<br /> n ti, t
<br /> 1�. 6t '''t^T�: S my l�.:.^d :d;ypta.s;Sc�.tf:e dste sfo:essid. !� j
<br />�W �� Ga..a �`~ r,tfiTS.. . : � . t.,,�, .. ;-1,. /1'�� tt � �
<br /> : i.Z f ��;��7M+i iwsypp/Ynia�iun cxpicas �����w�i.. ��.�A y t\ � .�t _ ,,/ . .
<br /> L.. 4 Y.'f:,�J '� � 1 . �� �"�` u'��"� :
<br /> . �,6tT`e�� .3I, y .,�, � � � . �\ Notary Yublic . �
<br /> '. ,`+. �f 1
<br /> � rytE'OF t?�tb��z�>, J
<br /> �_.__
<br />� �
<br />
|