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<br /> MORTCAGE
<br /> MORTGAGB LOAN N0.�22��6Z
<br /> � , KNOWALLMENBYTHESGPRESENTS:Thai Dennis R. McGee and Ruth M. McGee, each 711 h7S dild
<br /> her own right and as spouse of each other
<br /> - � � � � � � � � Mortgagor,whether one or more,in consideration oP the sum of�
<br /> Sixteen Thousand and No/100--------------------------------------------------------t�oLLwRs
<br /> � � �loaned to said mor[gagor by The Equitable Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon . .160 . �ares of srock of �
<br /> '� �'said ASSOCIATION, Cer[ificate No.L� 22��62� ,do hereby grant, convey and mortgage unto the said ASSOCIAT[ON the following�
<br /> described real estate,situated in Hall County,Nebraska:
<br /> �OT FIVE (5) IN BLOCK FOUR (4) OF SCHIMMER'S
<br /> ADDITION TO THE CITY OF GRAND ISLRND, HALL
<br /> COUNTY, NEBRASKA. �
<br /> t �;�
<br /> � y � together with all the tenements,hereditaments xnd appurter�ances thereunto belonging,including attached floor coverings,all window screens,
<br /> � .., � window shades,blinds,stonn windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> � refrigerators,and other fixtures and equipment now or hereafter at[ached to or used in connection with said reat es[ate.
<br /> � . And whereas the said mortgagor hus agreed and does hereby agree that the mo�tgagor shall and will pay all taxes and assessments levied or .
<br /> i assessed upon said premises and upon this mortgage and the bond secured 2�J,ereby before the sxme shall become delinquent;to fumish approved
<br /> ; . .� insurance upon the buildings on said premises sit.uated in the sum of$ 16 sU��.�� payable to said ASSOCIATION and to deliver�to said
<br /> �ASSOCIATION the policies Cor said insurance;and not io wmmit or permit any waste on or about said premises; � �
<br /> . � �� � In case of defautt in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> .� . on demand, be entitied to immediate possession of die mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the.
<br /> . ..�mor[gagee ali[he rents,revenues and income[o be derived from the mor[gaged premises during such[ime as[he mortgage indebtedness shall remain
<br /> � ��unpaid;and the mortgagee shall have the power to appoint any agent ur agents i[ may desire for[he purpose of repairing said premises and renting
<br /> � � � the same and collecting the rents,revenues and income,and it may pay out o!said income all expenses of�repairing said premises and necessary
<br /> � � commissions end expenses incurred in renting and mana�ing the same and of collecting rentals therefrom;the balanee remaining,if any, to be .�
<br /> applied toward the discharge uf said mortgage indebtedness;these riy,hts uf the mortgagee may be exercised at any time during the existence of such
<br /> � � � �. default,irrzspective of any temporary waiver of the sxme. . . . �
<br /> � � These Presents,however,are upon [he Condition,That if the said Mortgagor shali repay said loan on or before the maturity of said shares by
<br /> paymenh psy monthly to said ASSOCIATION of the sum specified 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 assassinents levied against said premises and on this Mortgage
<br /> and ihe Bond secured thereby,be1'ore delinquency;fumish approved insurance upon the buildin�s thereon in[he sum of$ 16�OOO.OO � payabie.
<br /> .'.� �to said ASSOC1ATfON;repay to said ASSOCIATION upon demand all money by it paid for such taxes,asses•sments and insurance with interest at
<br /> � "4 the maximum legal rate thereon from date ot paymeni nll uf which Mortgagor hereby agrees to pay;permit no waste on said prenvses;keep and compty
<br /> { with all the agreements and conditions of the Bond for 5 1(�0��.�0 this day given by the said Mortgagor to said ASSOCIATION,and comply ,
<br /> with all the requirements of the Cvnstitution and By-Laws of said ASSOC[ATION;then these presents shall becorne null and wid,otherwise they
<br /> � shall remain in full force and may be Foreclosed at the optiun of the said ASSOCIAT[ON after failure for three months to make any of said �
<br /> � payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond; „
<br /> �� and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. �
<br /> . . If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby
<br /> secured shall,at the option of The Gquitable Building and Loan Association of Crand Island,Nebraska,become unmediately 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,shall,&om the � � ��
<br /> � � date ot exercise of said option,bear intezest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy lhe amount due on said � .
<br /> �bond,and any other bond for additional advances,togethec with atl sums paid by said 7'he Equitable BuIIding and Loan Association of Grand Island, . .
<br /> . Nebraska for insurance,taxes aad assessments,and abstracting extension charges, wit17 interesi thereon, from date of payment at the maximam �� ..
<br /> ' legal rata.
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums[o the �� �
<br /> �makers uf said Band,their assigns or successors in interest,which sums shall be within the security of this murtgaga the same as the funds originally ' .�
<br /> secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage_ �. ..
<br /> ,. � � � � �acea u1�s 29th aay of July A.�.,i9 77
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<br /> Ru h�M. McGee
<br /> STATE OF NEBRASKA,�ss. On this 29th day of J u1 y 19�7 ,before me, �
<br /> COUNTY OF kiALL �
<br /> � � � � � [he undersigned,a Notary Public in and for said County,persnnally came . ""��`^, '�
<br /> Dennis R. McGee and Ruth M. McGee, each in his and her own right and as spouse of each. � �;,.-
<br /> otfier -�,,� Wno ap�g personaliyknownto � 5�.y
<br /> ' me to be the idantical person g �a��SF��r�„fi affixed to the above instrument as mortgagor 5 and they severally �' �
<br /> acknowledged the said instrument ����'`'•Y`voCty�t�y act and deed. ��"„
<br /> WITNESS my cS�nlCl�ot�1,ia1$KAJ YhedAte g{oresaid. � /� /L
<br /> . . � � �ty Cummiasion�x�u0s �u�°�.4 �� '� /J�� � i� �f `"7 y1, d!'. .
<br /> l' /..ea.d+� '�e �1•�S/�c .0 /�=-(/l��l.G^Z, C7'- "�C%�L%C�L�J
<br /> OF„ :• �f� � � Notary Public
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