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<br /> - ,.�035�3
<br /> MORTGACE
<br /> MORTGAGE LOAN NO. L ZZ,744 MG I C
<br /> KNOWALLMENBYTHESEPRESENTS:That M1CF112� L. McCord and Cindy R. McCord, each lfl f11S dfld
<br /> I ', her own'righ� and as spouse of each other
<br /> ; Mortgagor,whethe=one ur more,in considaration of the sum of
<br /> • � Thirty-Six Thousand and No/100-------------------- ---------------- �LLaxs
<br /> loaned to said morfgagor by The f:quitable Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon 360 shares of stock of �
<br /> said ASSOCIA7'iON, Certificate.�No.L ��22�744 MGI��o hereby grant, convey and mortgage un[o the said�ASSOCIAT[ON the following
<br /> . � -.� described rexl esixte,�situaled in HaI1�Coun[y, Nebraska: � �
<br /> � A TRACT OF LAND COMPRISING PART OF LOTS TEN (10) AND ELEVEN (.il�, IN BLOCK ONE (1) ,
<br /> TN"STE4tART PLACE SUBDTVTSION," BEING A PART OF THE NORTHWESi' QUARTER OF THE NORTH-
<br /> EAST QUARTER (NVJQNEq) OF SECTION TWENTY-NINE (29), IN TOWNSHIP ELEVEN (11) NORTH,
<br /> `+, RANGE NTNE (9J WEST OF THE SIXTN P.M. , IN HALL COUNTY, NEBRASKA, MORE PARTICULARLY
<br /> DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF SAID LOT IQ, BLOCK 1,
<br /> STEWART PLACE SUBDIVISION; THENCE RUNNING SOUTHERLY ALONG AND UPON THE WESTERLY LINE
<br /> OF SRID LOTS IO RND I1, A DISTANCE OF 130.0 FEET; THENCE RUNNING EASTERLY PARALLEL
<br /> TO THE NORTHERLY LINE OF SAID LOT l0, A DISTANCE OF 92.0 FEET; THENCE RUNNING NORTHERLY
<br /> ?ARALLEL TO ?HE WESTERLY LINE OF SI�x:D LOTS 10 AND 11, A DISTANCE OF 130.0 FEET TO THE
<br /> ; ; NORTHERLY LINE OF SAID LOT 10; THENCE RUNNING WESTERLY ALONG AND UPON THE NORTHERLY
<br /> LINE OF SAID LOT 10, A DISTANCE OF 92.0 FEET TO THE PLACE OF BEGINNING AND CONTAINING
<br /> 0.275 ACRES, MORE OR LESS.
<br /> � . together witli ail the tenements,hereditaments and appurtenxnces qiereuntu belonging, ;nchrding attached tloor coverings,ail window screens, �� . . .
<br /> � window shades,blinds,srorm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, ' � �
<br /> .refrigerafors,and other fixtures and equi}�ment now or hereafter attached to or used in connection with sxid real estate. . �
<br /> ..::t I .� � ..
<br /> And wheieas the said mortgagor has agreed and does here6y agree that the mortgagor shall and will pay all taxes and assessments levied or � � � �
<br /> assessed�upon said premises and upun this mortgage and the bond secured Uiereby before the same shali become delinquen[;to furnish approved . � . . �
<br /> insurance upon thz buildings un said premises situated in ihe sum of$ 3.� 000 00 Payable [o said ASSOCIATION and to deliver to said .. �
<br /> ASSOCiATION the policies for said insurance;and not to commit or permi 3ny waste on or about said premises; ` �
<br /> In case of default in ihe performance of any of the terms nnd conditions of this mortgage or the bond secured hereby,the murtgagee shall, - �.
<br /> on demand,be entitled to immediate possession of the mortgaged premix.s and the mortgagor hereby assigns, transfets and sets over to ttie . � . � �
<br /> mortgxgee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain � �
<br /> unp�id;and tlie mor(gagee sh311 have the power to ttppoint any xgent or agents it may desire (or the purpose of repairing said premises and renting � � �� �
<br /> the same and collecting the rents,revenues and income,and it may pay out oC said income all expenses of repairing said premises and necessary �� � . .
<br /> {� commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to be � . �
<br /> . applied toward the discharge of said mortgage indebtedness;tliese rights of the mortgagee may be exercised at any time during the existence of such � �
<br /> default,irrespective of any temporary wai�rer of the same. ' - �
<br /> �. These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said losn un or before the maturity of said shares by �. � �
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,un or before � � � �� �
<br /> the Twentieth day o(each and every mon[h,until said loxn is fully paid;pay xll taxes und assessments levied against said p:emises and on this Mortgage � . � ..
<br /> � and the Bond secured thereby,before delinyuency;fumish approved ins�ranee upon the buildings thereon in dte sum ot'S 3F)����.�� payable � �
<br /> to said ASSOCIATION;repay to snid ASSOCIATION upon demand al]money by it paid fur such[axes,assessments and insurance with interest at ,. � � �
<br /> � the maximum legal rate thereqn from date of p�yment all of which Mortgagur hereby agrees to pay;permit no waste on sxid premises;keep and comply �� . . � . � � �
<br /> with all the egreements and wnditions uf the Bond for S 36���0.��this day given by the said Mor[gagor to said ASSOCIATIUI�,and comply � .� . �
<br /> with al1 the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void,otherwise they .. � � � . �� � � .
<br /> shall remain in fi�ll ibrce and mry be foreclosed at the option of lhe said ASSOCIA710N after failure [or three months to make any oC said �. � . . � � .
<br /> �payments or be tl�ree munths in xrrears in making said monthly pxyments,or to keep and comply with the agreements and cunditiom of said Bund; � � �
<br /> and Mortgagor agrees[o have a receiver appointed forthwith in such foreclosure proceedings. � � � .
<br /> If there is aay change in ownership of the real estate mortgaged herein,by sale or o[herwise,then the entire remaining indebtedness hereby � � �
<br /> , seeured shall,at the option of The Equitable Bullding and Loan Association ui Grand;sland,Nebraska,become immediateLy due and payable without . � �
<br /> : further notice,and Ihe amount remaining due under said bond,and any other bond for:�ny additional advan�;es made thereundez,shall,from the � � .� �
<br /> � date of exercise of said option,bear imeresi at the maximum legal rate,and this mortgage may then be foreclosed to satisiy the amount due on said . � � � � �
<br /> �:. bond,and any other bond for additional advances,together with alt sums paid by said The Gquitable Building and Luan Associxtion oP Grand Island, � � � .
<br /> Nebraska for insurance,taxes and assessments,and abstracting extensio� -harges, wi�h interest thereon, fran date of payment az the maximum
<br /> - legalrate. �� � .
<br /> . As provided 'ui the$ond secured hereby,while this mortgage ains in effect the mortgagee may hereafter advance xdditional sums to the . .� �
<br /> makers of said Bond,their assigns or successors in interest,which su shall be wi[hin the recurity oC this murtgage the same as the funds originally �
<br /> secured thereby,the total ounY principal debt not to exceed� any time the original amount of this mortgxge. � - �
<br /> Dafed this 1 of 7 �U�y A.D.,19 ��
<br /> �c�� -^ _'�/
<br /> �y'y�¢chael L. M or /' �
<br /> � (i. /sr>iY�l/ !Y" �����f-i,�.G�iL���� .
<br /> Cindy . hicCord
<br /> STATE OF NEBRASKA,� ss. On this 14th day of �V�.y 19 77 ,before me,
<br /> COUNTY OF HALL
<br /> - . � tl�e undersigned,a Noiary Pubiic in and tor said County,personaily came � -.,t,� -� ,,,,�`;
<br /> Mich , McCord and Cindy R. McCord, each in his and her owrr right and as spouse of each `'
<br /> 0 {y��/�� who d re personally known to K' •
<br /> �� � et�1�p�1��d�Mi��pe � n 5 whose name s are afCixed to[he above instrurnent as mortgagorS and '�hey severally � ���
<br /> _ "9�'• � . 'tft@'I 1' . . ,�
<br /> ack�"Yedged the aSi3ins[ ent tc be voluntary act and deed. . ,
<br /> �,.' . � PlOTARY��� Y}�d and Notarial Sea1 the da[e a(oresaid. , .
<br /> CDMMiSSi . .� a ..
<br />• . . � EXP RE�yGram. sior,expires `� ��` %''t
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<br /> f••G 31�� �.1.Q' {}�� � ��o Notary Public
<br /> � lF Of iVE'��PS '�--
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