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<br /> 77' 003725
<br /> MORTGAGE
<br /> MORTGAGE LOAIJ N�J. � Z2,729 MGI C
<br /> � r KNOWALLMENBYTHESEPRESF,NTS:That Gary A. Flynn and Kathlearr Flynn, each in his dllt� h2Y' OW� , °
<br /> 1i
<br /> right and as spouse of each other,
<br /> Mwtgagor,whether one or more,in consideratiun of the sum of
<br /> = Twenty-six Thousand Five Hundred and Ko/100--------------------------------------- DOLt,ARs
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Crand Island,Nebraska,Morigagee,upon 2(5 ;hares of stock oF
<br /> t' said ASSOCIATIpN,Certificate No. L 22��Zg MGIGdo hereby grant,convey and mongage unto the said ASSOCIATION the following
<br /> described real estate,siivated in Hall County,Nebraska:
<br /> NORTHERLY FIFTY SIX (56) FEET OF LOT TEN (10)
<br /> IN BLOCK SIX (6) IN RUSSEL WHEELER'S ADDITION
<br /> TO THE CITY OF GRAND ISLAND, NALL COUNTY, NEBRASKA.
<br /> i � � � � � � � � �
<br /> � � � � � � �.'
<br /> �
<br /> �
<br /> ''� �. .� � together wi[h all�the tenements,hereditaments xnd appurtenances [hereun[o belonging,including attached floor coverings,all�window screens,
<br /> . . window shades,blinds,s[orm windows,awnings,heating,air conditioning,and plumbing and wa[er equipment and accessories thereto,pumps,stoves,
<br /> refrigers[ors,and u[her extures and equipment now or hereafter attached to or used in connection with said real estate. � �
<br /> And whereas the said mor[gagor has agreed and does hereby agree [hat the mongagw�shall and will pay all taxes and assessments levied oT
<br /> `i assessed upon said premises and upon this mortgage 3nd die bond secured thereby before tlie same shall become delinquent;to furnish approved
<br /> ' 9nsurancz upon the buildings on said premises situated in the sum of$ 2( SOO.�O Payable to said ASSOCIATION and to deliver to said
<br /> � ASSQCIATION the policies for said insurance;and not to commit or perm�t any was e on or about.said premises; . .
<br /> � � - !n case of default in Ihe pekformxnce of�any vf the le�ms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> . �on demand,be enti[!ed to immediate possession of the mortgaged premisas and the mortgagor hereby assigns, transfers and se[s over to [he
<br /> � . � mortgagee ali the rents,revenues and income to be derived from the mortgaged premises durin�such time as the mortgage.indebtedness shall remain
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting.�
<br /> � �ihe same and collecting the rents,revenues and income,and i[may pay out of said income all expenses of repairing said premises and necessary �
<br /> � commissions and expenses incurced in renting snd managing[he same and of collecting eentals therefrom; the balance remaining,�if any,�to be
<br /> r .� � applied toward the digcharge of said mor[gage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such �
<br /> bdefault;irrespective of any temporary waiver of the same.
<br /> These Pre�ents,�huwever,are upon the Condition,That if the said Mortgagor shall repay said loaa on�or before[he maturity of said shares by
<br /> .. � payment;pay mon[hly to said ASSOCIAT[ON of the sum speciGed in the Bond secured hereby as interest and principal on said loan,on or before
<br /> � � the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage���
<br /> � � .and the Bond sewred thereby,before delinyuency;furn;sh approved insurance upon.the buildings[hereon in the sum of$ 26��jOO.O� �payable
<br /> � to said ASSOC1ATfON;repay to said ASSOCtAT10N upon demand all money 6y i[paid 1br such taxes,assessments and insurance wi[h in[erest at
<br /> � . tke maximum legal rate thereon from date oC payment all of which Mortgagor hzreby agrees w pay;permit no waste on suid premises;keep and comply
<br /> with all the agreements and conditions oFthe Bond for$ 2(��j��.QQ[his day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> ��with all the requirements of the Constitution and By-Laws of said A$SOCIATION;then these presents shall 6ecome null and void,oiherwise they
<br /> shall remain in full farce and may be foreciosed at the option of Ihe said ASSOCIAT[ON after faih�re fur three months [o make any of said
<br /> � payments or be three months in arrears in making said monthly payments,or to keep and comply wi[h the agreements and conditions of said Bond;.
<br /> ��and Mortgxgor agrees W have a receiver appointed forthwith in such foreclosure pruceedings. . � .
<br /> ►f there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby
<br /> secured sLall,at the option of The Equitable Building and Loan Association of Grand Istand,Nebraska,become immediatnly due and payable without
<br /> further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shalt,from the
<br /> date of exercase of said option,bear interest at the rnaxirnum legal ra[e,and this mor[gage may then be foreclosed to satisfy the amount due on said ���
<br /> � bond,and any other bond for additional advances,toge[lier with all sums paid Uy said The L'quitable Bu�7ding and Loan Association of Grand Island,
<br /> � � � Nebraska for insurance,iaxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the ma�cimum
<br /> � legal rate. . � �
<br /> � � As provided in the Bond secured l�ereby,while this 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 originally .
<br /> � secur thereby,the total amount of principal de6t not to exceed at any time the original amount of this mortgage. � -
<br /> e this th,` dayof JU��r �A.D.,,t9]]
<br /> // � �� )
<br /> '� �%1! U
<br /> �ar,� A. f nn Ka�lean Flynn
<br /> STATb OF NEBRASKA,� ss. On this �th day oC �U�y 197� ,before me,
<br /> COUNTY OF HALL
<br /> �� � � � � the undersigned,a Notary Public in and for said County,personally came , „ - k,� � *�<
<br /> �ary A. Flynn and Kathlean Flynn, each in his and her own right and as spouse of each other, > ,� ;�� '
<br /> who d r e personally known to s r
<br /> ` �„ me Yo be the identical pezson 5 w \�4m������� a�xed to Lhe above instrument as mortgagor g and they ��e�»Y � �`"��k
<br /> acknowiedged the said instzument to ���y!�,��7��E�'y�4ya� ct and deed. �� '
<br /> WlTNESS my hand �tydt—ari�l�e�da�e af' said. �t
<br /> � MyC�mmissionex rc � C�O�t� ei �i ` J�l^/1_ ~ 1 �����,�z /��
<br /> , .,, . .. .�� q� .. �.+' 'SY C/�. � . . --Z, .Natary Public �a.'.
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