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<br /> 77- ����4�2
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 92][7 MG T C
<br /> KNOWALLMENBYTHESEPRESfiNTS:That Monte J. Malone and Tami v. Malone, each 1tl h15 and her
<br /> � own right and as spouse of each other
<br /> Mortgagor,whether one or more,in wnsideration of the sum of
<br /> Twenty-Thousand Five Hundred and NO/ZOO-----------^-------------------------------DOLLARS
<br /> � 'loaned to said mottgagor by The Equitable Buitding and Luan Association of Grand Island,Nebraska,Mortgagee,upon �Z�5 shares of stock of��
<br /> said ASSOCIATION, Certificate No. L22�6� MGI�doherebygrant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real e:tate,situated in Hall County,Nebrxska:
<br /> LOT FOUR (4) IN BLOCK SIXTEEN (16) IN
<br /> ASHTON PLACE AN ADDITION TO THE CITY OF
<br /> GRAND ISLAM1(0, HALL COUNTY, NEBRASKR.
<br /> ; :y
<br /> � . together.with all the tenements,hereditaments and appurtenances thereuntu belonging,including attached floor coverings,all window screens, � •�y �-
<br /> � � window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and acc:essories thereto,pumps,stoves,.
<br /> , � refrigera[ors,and oiher fixtures and equipment now or he�eafter at[ached[o or used in connection with said real estate. � . .
<br /> �� � And�whereas the said mortgagor has�greed and doeshereby agree tliat the mortga.gor shall and will pay all taxes�and assessments�levied or��
<br /> ' � . assessed upon said premises and upon tlxis mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved
<br /> � insurance upon the buildings on said premises situated in the sum of 5 2��50�.�� payable to said ASSOCIATION and to delivet [o said �
<br /> � � � ASSOCIATION the policies for said insurance;and not to commit or permi[any waste on or about said premises; � � - �
<br /> - [n case o(default in the performance of any of the terms and conditions of xhis mortgage or the bond secured hereby,the mortgagee shall,���
<br /> � � on demand, be�entitled to immediate possession of[he mortgaged premises and the mortgagor hereby assigns, transfars and se[s over to the. .
<br /> mortgagee all tlie ren[s,revenues xnd income to be derived&om[he mortgaged premises during such[ime 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 /> .. . � the same and collecting the rents,revenues and inwme,and it may pay out of 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;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> �� . default,irrespective of a�y temporary waiver of the same. . � .: � � � ��
<br /> � These Presen[s,however,are.upon the Condition,Thdt if the said Mortgagor shall repay said loan on or betbre the maturity of said shares by . �
<br /> � . payment;pay.monthfy to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before �
<br /> . .' the'hventieth 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 /> � xnd the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of$2��SQ�.�Q payable
<br /> . to said ASSOCIATION;repay.to said ASSOCIATION upon demand all money by it paid fot such taxes,assessmen[s and insurance with in[erest at
<br /> � the�maximum legal race thereon Gum date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> �. with all the agreements and wnditions of tl�e Bond for$ 20��jQ�.QQ this day given by.the said Mortgagor to said ASSOC[ATION,and comply .
<br /> . with all the requirements of the Consiitution and By-Laws of said ASSOCIATION;then these presents shall become null and void,otherwise they.
<br /> � shall remain in futl t'orce and may be foreclpsed at the option of the said ASSOCIATION after failure for [hree months to make xny of said. �
<br /> i� � payments or be three months in arrears in making said manthly payments,or to keep and comply with the agreemenis and condi[ions oC said Bond;
<br /> 4 and Mortgegor agrees to have a receiver appointed furthwith in such foreclosure proceedings. .� � '
<br /> � If[here is any change in ownership of the real estate mortgaged herein, by sale or otherwise,then�[he entire remaining indebtedness l�ereby �
<br /> � � secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately 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,from the �� �
<br /> . . date of exercisa of said option,bear interest at the maximum legal rate,and this mor[gage may then be forociosed 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 Gtand Istand, � � � .
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension chazges, with interest thereon, from date of payment at the max'unum
<br /> tegal rate.
<br /> � ���As p[ovided in the$ond secured here6y,while this mortgage remains in effec[ the mortgagee may hereafter advance additional sums to the
<br /> . makers af said Bond,their assigns or successors in interest,which sums shall be wi[ttin the security of this mortgage the same as the funds originally � �
<br /> . secured thereby,the�total amount of principai 3ebi not to exceed at any time tlie original amount of this moRgage. � � . � �
<br /> Dated this nd. day of AUf}USt A.D.,19 ]]
<br /> "7�'�'I cT�� '�'�'1�
<br /> ; .�I,n on� , .,
<br /> qteJ. M
<br /> =. , . , .�
<br /> �. � , 1,y Sr r. �j�,'
<br /> Tami V. Malone
<br /> STATEOFNEBRASKA,j �, anthis 211d, dayof August r�77 ,beforeme,
<br /> COUNTY OF HALL S �
<br /> ' � the undersigned,a Notary PubGc in and for said County,personaliy came � �
<br /> Monte J. Maione and Tami V. Malone, each in his and her own right and as spouse of each „� ,�,,,�
<br /> Otf1EY' who personally known to a �,�K
<br /> , � me r�7�ye�f� n5 whose nameS ITY'E affixed to the above instrument as mortgagor g and t�ey severally � a`�si�
<br /> iA"l'v�e�tt�e' ` inst ent to be 'C11B7 P voluntary act anddeed. 7''�"�'
<br /> ``'' SVX'1''11��SS hand and N anai Sea1 the date aforesaic� j� � �,
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