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<br /> 77• u�)3'7�1
<br /> MORTCAGE
<br /> t MORTGAGL•LOAN NO. L ZZ�7Z8
<br /> � KNOWALLMENBYTHESEPRESENTS:That Gerald E. Daly and Susan M. Daly, each in his and {12P
<br /> �wn right and 'as spouse of each other '
<br /> Mortgagor_whether one or more,in consideration of iha sum of
<br /> , , Forty-Three Thousand Two Hundred and No/100-------- ooLLwxs '
<br /> i loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 432 shares of stock of
<br /> ; � said ASSOC1AT10N,Certiflcate No.L 22��2$ ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> �c�escribed real esfa[e,.situated�in Hall County,Nebrasica: . � . . . � � . . � . ��.
<br /> , ;. � . . � . . .. � . � . � . . . .
<br /> � LOT SIX (6), iN BLOCK SEVEN (7), IN ARNOLD
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<br /> PLACE, IN THE CITY OF GRAND ISLAND, NEBRASKA.
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<br /> � together with all the tenemenis,hereditamen[s and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> �� � window stiades,blinds,siorm windows,awnings,heating,air conditioning,and plumbing and wa[er equipment and�accessories theteto,pumps,sYoves, �
<br /> � � refrigerators,and other fix[ures and equipmen[now or hereafler attached to or used in connection wi[h said real estate. . � � �
<br /> � � � And�whereas[he said mortgagor has agreed and doas hereby agree that the mortgagor shall and will pay all [axes and assessments levied or
<br /> 4 ��assessed.upon�said premises and upon this mortgxge and the bond secured Uierzby before the same shatl become delinquent;to furnish approved
<br /> ` insura�ce upon the buildings on said premises situated in the sum of 5 43�QQQ.QQ payable to sxid ASSOCIATION and to delivzc 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,[he�mortgagee shall,
<br /> a � � on demand;be entitled to immediate possession of tl�e morfgaged premises and the mwtgagor hereby assigns, transfers and seis ovet to the i �
<br /> � mortgagee atl the rents,revenues and income[o be derived from the mortgaged pretnises during such[ime as the mortgage indebtedness shall remain�
<br /> ��� � unpaid;and the mor[gagee shall have the power to appoint any agent or agents it may desire foc the purpose�of repairing said premises and renting
<br /> � � the same and collecting the rents,revenues and income,and il may pay ou[ of said income al] expenses of repairing said premises and,necessary
<br /> � i �� cqmmissions and expenses incuzred in renting and managing[he same and of collecting rentals therefrom; the balance remaining,if any,to be � � ' „� -�
<br /> � � �applied loward the discharge of said mortgage indebtedness;these riglits o(the moztgagee may be exercised at any time during the e�cistence of such��
<br /> desault,irrespactive of any temporary waiver of the same.
<br /> � � � �These Presents,however,are�upon the Condition,That if the said Alortgagor shall repay said loan on or before the maturiYy of said shares by
<br /> payment;pay monthly ta said ASSOCIATION of the sum speciGed in the Bond secured hereby as interest and principai on said loan,on or before..
<br /> the.Twentieth day uf each and every month,until said loan is fully paiu;pay all taxes and assessments levied against said premises and on this Mortgage .
<br /> � and the Bond secured Uiereby,before delinquency;furnis.h approved insurance upon the buildings[hereon in the sum of S/���2Q0.�Q payable ��
<br /> � � to said ASSOC[AT10N;repay[o said ASSOCIATION upon demand all money by it paid for such taxes,assessments and msurance wi[h interest at.
<br /> ('. �� �the maximum legal rate thereon from date of payment all of which Mortgagorhereby agrees to pay;permit no wyste on said premises;keep and compiy
<br /> with all the agreements and conditions of the Bond for$43�2��.�� this day given by the said hlortgagor to said ASSOCIATION,and comply
<br /> � .�with all the requirements of the Constitu[ion and ByLaws of said ASSOCIATION; then these presents shall become null and void,otherwise they
<br /> � shall remain in full force and may be foreclosed at the option of the said ASSOCLATION after failure For three months to maka any�of said
<br /> . . payments or be three mon[hs in arrears in making said mon[hly pxyments,or to keep and cumply with the agreements and condi[ions of said Bond;
<br /> . �and Mortgagor agrees to hnve a receiver appointed forthwith in such foreclosure proceedings. � .� ��
<br /> Lf there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire cemaining indebtedness hereby
<br /> secured shall,at the option of The Equitable IIuilding and Loan Association oF Grand Is1and,Nebraska,become immediately due and payable without
<br /> � further notice,and the amount remaining dae under said bond,and any other bond for any additional advances�made thereunder,shall,from the � � �
<br /> .� date of exercise of said optiar,bear interest at the maximum legal ra[e,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�Equitable Building and Loan Association of Grand Island, � , � � �
<br /> Nebraska For insurance,taxes and assessmenis,and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br /> legal rata
<br /> � � As provided�in the Bond secured hereby,while ttus mortgage remains in effect�the mortgagee may hereafter advance additional sums to the �
<br /> � �� makers of said Bond,their assigns or successors in interest,which sums shall be within the�security of this mortgage�the same as the funds originaily �
<br /> .� ��secured thereby,�the[otal amoun[of principal debt not to exceed at any time the original amount of this mortgage. � . � � .
<br /> tea cr�s _5��aay r J uly A.D.,19 77
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<br /> 6er d E. Daly
<br /> .�.,,< /z_
<br /> Susan M. Daly
<br /> STATEOFNEBRASKA, ss. Onthis 5th dayof �U�,Y 19]] ,beforeme, �
<br /> COUNTY OF HALL� � ,,,.�wy
<br /> the undersigned,a Notary Public in and for said County,personally came ,_ �'
<br /> Gerald E. Qaly and Susan M. Daly, each ia hiis and her own right and as s�ause o� e�ckh ;r � a':s���.
<br /> OxF1eP who a e ��on y nownto �'�d,,
<br /> �j me to be the identical person S whose name S dre affixed to the nbove in t as mortgagor g and they severally i
<br /> acknowledged the said instrument to be t�1E 1 P , voluntary act and deed. �� "
<br /> WITNFSS my hand_and Notanat Seal the date aForesazd. /'�'' )
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<br /> MyCommissionexpires,� uEWEupf wmqRy ,��1� ! ,�t:v. � \'y! C"•.G-�L-(��� / . �
<br /> �AP,�SER W '3L5�J J �...� „ �
<br /> � � Na[ary PubBc
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