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<br /> 77-. i�t��193
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 2P,755 MGI C �
<br /> KNOWALLMENBYTHESEPI2ESENTS:That Joseph C. Mohanna and Marilyn K. Mohanna, each �Il f17S �
<br /> ; and her own right and as spouse of each other,
<br /> �
<br /> __- Mortgagor-wheiher one or more_in conside-ation of the sum of �
<br /> Thirty One Thousand Fifty and No/100--------- �oLLAtzs
<br /> loaned to said mortgagor by The Equitable Building and Loa�Association of Grand Island,Nebraska,Mortgagee,upon 3�Q shares of stock oF
<br /> said ASSOCIATION, CertiCcate No.L22,755 "^.GI C ��o hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real es[ate, situated in�HaU County,Nebraska: . � �
<br /> THE EASTERLY FIFTY (50) FEET OF LOT THREE (3) IN
<br /> 6LOCK ONE (7) OF ELM PLACE, AN ADDITION TO THE
<br /> CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br /> s
<br /> � � toge[he��with all the� tenements,hereditaments and appurtenances thereunto belonging,including attached floar coverings,all window screens,
<br /> � � . window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereio,pumps,stoves,
<br /> � � aefrigerators,and other fixtures and equipment now or herealter attached to or used in connection with said real estate. .
<br /> �� � And whereas the said mortgagor tias xgeed and does hereby agree tha[ [he mortgagur shall and will pay all taxes and assessments levied or �
<br /> ' . .. .�.assessed upon said premises and�upon this tnor[gage and the bond secp ed t e�e before Yhe same shall become delinquent;to furnish approved
<br /> 3 �. � insurance�u}wn ttte buildings on said premises situated in Ihe sum of$s� s��U•�0 payable to said ASSOCIATION and to deliver to said
<br /> , � . ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises; � �
<br /> " � � In case of default in the performance of any of the[erms and conditions of this mor[gage or the bond secured hereby,the mortgagee shall,
<br /> r�.� � on demand,be en[itled to immediate possession oF the mortgaged premises and Ihe mortgagor hereby assigns, transfers and sets ovcr to the
<br /> �� .mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shali remain �
<br /> �$� � .��unpaid;and the mor[gagee shall have the power to appoint any agent or agen[s it may desire for the purpose of repair:�g said premises and renting
<br /> � � � the same and collecting the rents,revenues xnd income,and it may pay out of said income all ex nses of re airin said ��
<br /> .. .�exrs:dssi^ns.�^d^� e.,e,' - ted in renti�a ' � P B �P�ertti g and�cessary .
<br /> 'K � �� • - • � F '""����" g anu nianagmg[he same and of collecting rentals therefrom; the balance remainin f an to be
<br /> .. ., ...
<br /> g � ..applied toward Ihe discharee of said mortoage indebted�ess;these r'ghts oF the mertgno e may be exert�sed aS anv r+me�ud:tg the exes.e.cc o;s;::.h
<br /> ,..z � default,icrespective o£any temporary waiver of the same. '
<br /> .These Presents,however,are upon the Condition,That if the said Mortgagor shail repay said loan on or before the maturity of said shares by �
<br /> payment;pay monthly to said ASSOCIATION of[he sum spr.cified in the Bond secured hereby as interest xnd principal on said loan,on or before�
<br /> ` � the Twentielh day of each and every munth,until said loan is fully paid;pay all taxes and assessmen[s levied against said premises and on this Mortgage
<br /> i
<br /> i � � and the Bond secured thereby,before delinquency;furnish appruved insurance upon the buildings thereon in the sum of$$� ��5�.�Q payable � '
<br /> � to said ASSOCIATION;Tepay to said ASSOCIATION upon demand all money by it puid for such taxes,assessments and insurance with interest at �
<br /> the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply � � - � —
<br /> `•"'^'•"'^^ag:�eri�Eiiis ailu cunciiiiuns ui[}i�Dunu iur a .'�i�`��Jv.`JL' tttis aay given by the said hlottgagor to said ASSOCIATION,and comply .��
<br /> � wi[h al1[he requirements of the Constitution and By-Laws oC said ASSOCIATION;then these presents shall bewrue null and void,o[herwise they . . � .
<br /> shall zemain in full (orce and xnay be foreclosed at the option uf the said ASSOCIATION after failure for three months to make any of said .� . ��
<br /> � payments or be�three months in arrears in making said monthly peyments,or[o keep and comply with the agreements and conditions of said Bond; � �
<br /> � , and Mortgagor agrees to have x receiver appointed for[hwith in such foreclosure proceedings. � ..
<br /> �� Tf there is any change in ownership of[he real estate mortgaged herein,by sale or o[herwise,then the entire remaining indebtedness hereby �
<br /> . secured shall,at[he op[ion of The Gquitable Building and Loan Associa[ion of Crand Island,Nebraska,become immediately due and payable without �� �
<br /> further notice,and the amount remaining due under said bond,and any o[her bond for any additional advances made thereunder,shall,from the � � �
<br /> �� date of exercise of said op[ion,bear interest a2[he m�cimum lega)rate,xnd this mortgage may then be foreclosed to satisfy the amount due on said � �
<br /> bond,and any other bond for additional advances,together wiih all sums paid by said The Equitable Building and Loan Association of Grand ltland, �
<br /> . Nebraska��for insurance, taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum �
<br /> . � ��� (egal rate. . . .
<br /> ' � As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereaffer advance additional sums to the �
<br /> i ' � ���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 /> �� f� thereby,the total amount of principal debt not to exceed at any time the original amount of tMs mor[gage. � � � �
<br /> atedthis 25th dayof July A.D.,iv77
<br /> '` �� r�?��{,i�.•� ,�l //c"�C��LJ4�C �
<br /> Joseph C. Moha�na M'ar:]yn Y..='Motarra
<br /> ; STATEOFNEBRASKA,�ss. Onthis 25th da oC JU�
<br /> COUN7'Y OF HALL y y 19�� ,before me, �
<br /> �.,
<br /> ? '� �� � � the undersigned,a Notary Public in and for said County,personally came ,�v �,.
<br /> Joseph C. Mohanna and Marilyn K. Nbhanna, each in his and her own r7 ht and as s p5e of � `
<br /> ; ' � u �: ,n
<br /> , each OthL'Y`� wh� are Persdnally known to � �` ,
<br /> � me io be the identical peison S whose name s are affixed to ove ins eni as mortgagor 5 ,�a they severally ��;'
<br /> acknowledged tho said.instrument to be�� tI�811' voluntary act and d d. )
<br /> �� �� �� WITNESS my t�and and Notarial Seal the date aforesaid. �`���� � � /�� ,�
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<br />� � � A RFIlFRAi 11YnattYMw4)enqAflaninn expire5 � � ., .
<br /> .IAAR£S bJ,pLS.00t � �� ✓�i'
<br /> � �f+Gomm.E�p,Hvs�12,T9T�� Notary Pubiic
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