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<br /> 77• d�Uh€394
<br /> MORTGACE
<br /> MORTGAGE LOAN NO. t s 911
<br /> � KNOW ALL MEN BY THESE PRESENTS:That Thomas J. McAI oon and N. Audrey McAloon, each i n hi s
<br /> and her own right and as spouse of each other
<br /> _—_ Mortgagor,whether one ur mvre,in considention of the tum of
<br /> Thirty Three Thousand Two Hundred and No/100----- ----------------------------�LLA�s
<br /> loaned to said mortgagor by The Equitable Building and Luan Aesocixtiun of Grand►slxnd,Nebraska,Mortgagee,upon 3 32 shares of stocic of
<br /> caid ASSOCIATION,Certificate Nu. L Z2�911 ,do hereby grant, cunvey xnd mor[gage unw the said ASSOCIATION the fo►lowing
<br /> deu.ribed rexl estate,situated in Hall County,Nebraska:
<br /> LOT SEVEN (7) IN BLOCK ONE (1) IN
<br /> PARKHILL SUBDIVISION, AN ADDITION
<br /> TO THE CITY OF GRAND ISLAND,
<br /> NEBRASKA.
<br /> to�ether with all the cenemems, hercditamrnts nnd appunenances �hrreunto belongmg, mcludmg ettached tluur cuvenngs,all winduw screens,
<br /> window shades,blinds, sturm winduws,awnings,hrating,au cundi�iuning,and plwnbing xnd water eyuipment and acceswries thercto,pumpc,stoves,
<br /> refrigerators,and othrr fixtures and ryuipment nuw or herealter attached w ur used m cunnec�iw�with said real rstate.
<br /> And whereas the s�id mortgagor hys agreed and does hereby agree that thr murtgaqur shall rnd will pay all taxes and asaeacments Ievied or
<br /> assessed upon said premisrs and upem this mortgage and the bund src rrd t�ereb befurr the same shyll bewme delinqumt to furnieh approved
<br /> inxurance upun thr buildin�,s on safd premisrs siWated in che sum u(S�3.�0�.�� pyyable w syid ASSOC'IATION and tu deliver to said
<br /> ASSOCIATlON ihe pulicies lor said insurance:anJ nui to wmmi�ur permit any waste un or abuut w�d prrmiaes:
<br /> In case uf de(ault m the performance of'any ul[he terms end conditions oC this murtgagr or ihe bond secured hereby,the murtgaeee shall,
<br /> un demxnd, be rntiUed tu immediate possession uf the murtgaged premiirs and the murtgagur hrreby assy}ns, trxnsfen and sets over [o the
<br /> mortgagee all the rentc, revenues xnd incomn w be derived from the mort�ed premises during such tinu xs ehe murtgage indabtednesc shall remain
<br /> unpaid;and the murtgrgee shall hxvr the puwer w eppuint any agem u�agnnts it may drsirr fur the purpuxe uf repairing said premises and rentinQ
<br /> the eame and collectin¢the rents,revenues and inwme,and it mry pay uut uf syid inwme dl expensrs uf repxiring nid prem/sec and neceuxry
<br /> commissions and ezpenaes incurred in renting auid manyging the same end uf collrcting reiaals there(rom; the balrnce remaining,if xny,to be
<br /> applxd toward �he discharge uf seid mortguge indebtednesc:theye rights o(thr mort�gre may be exercised at any ume during lhe exietena u(such
<br /> default,irzrspective uC xny lernpurery waiver uf the same.
<br /> These Presents,however,arc upun the CundiGon,Th�t�f thr sa�d Mort�{ur shxll rcpay uid lonn on or befbre the mrturity uf said ahares by
<br /> payment;pay munthly [u sxid ASS(X'IATION .�(thr sum specified m the Fkmd secured hrreby ns mtercst xnd principal un said loan,on or before
<br /> [he Twentieth day uf tach and every munth,until sy�d luan is(ully paid:pxy all tazes and xssessments levied against said premises and on[his Murtga�e
<br /> •nd the Bond secured thereby,brtorr drlinyuency�,lu�nish appruved insurxnu upun thr buildings thereun in the sum ul 5 33.ZQO.� payabte
<br /> to said ASS(X'IATION: repay �u sx�d ASS(X'IA7'IUN upun demxnd all munry by it peid fur such tazes,assessmm�ts and msurance with interest at
<br /> the maximum legxl rate thereon Irum date oP payment all�f wtuch Mungagur hereby agrees tu pay;permit nu wasu un�id premius;keep and�wmply
<br /> wrth all the agrcements xnd wnditiuns uf thr Bond fur$ 33.20�.��this day �ven by the said Mortgugur to sxid ASSOCIA7'ION,xnd wmply
<br /> with aU the requicemert[s of thr Constitution and By-Lxws uf said ASS(X'IAT'ION;then these precents shall becomt null and void,otherwiae they
<br /> shall remxin in full fura and may be (oreclused at the opGon ul the mid ASSO('IA7'ION af[er f'ailure fur three munths w make rny uC srid
<br /> payments ur br three munths in arrears in making wid mun[hly payments,ur w kerp and cumply wi[h the agreements and conJitions of said Bond;
<br /> and Murt�or agrees to have n recerver appointrd furthwnh in such foreclosw�e proceedings.
<br /> If there is any change in ownership uf the real es[a[e murtgaged hercin, by ealr ur utherwlse,then the entire rcmainiry{indebtednea hereby
<br /> aecured shall,at the option of Tfie Equitabk Building rnd L.uan As�uciation of Grand Island,Nebnska,become immedutely due and payable withuut
<br /> further notict,and the amouni rcmrining due under said bond,and any uther bund for uny rdditional advanas rtude thereunder,ehall,from the
<br /> date of exercise of said option,beu interest yt the rtmxunum k�al nte,and this mortgage may then be(orecluaed to s�tiefy the umount due on eaid
<br /> bond,and yny uther Iwnd f�r addi[ional ydvances,tugether with all sums pa�d by said The Eqwtable Building rnd Luar�Aswcirtiun of Gnnd ltland,
<br /> Nebradea Cor ineurance,taxes and asaesaments,ur�d abrtractin�extension charges, with intercst [hereon, from date uf payment at the rtuximum
<br /> b�al rate.
<br /> As pmvided in the Bund secured hercby,whilr thia murtgxge temxu�s m effect the mort�ee may herea(ter advancr addi[ional sumc w[he
<br /> tn�JCers of sa,id Bond,tlfei�aeciy��s or successurs in interest,which aums shail be wrttun the security o(this mortgage the same as the fmds uriginally
<br /> aecured thereby,[he total amount of principal debt not w exceed a�any time the original xmuunt of this mortgxye.
<br /> ��tea cn;� 2eth �,y�r November a,i�,�v 77
<br /> ,t,��:�-� �r-%l
<br /> c�s oon _ { .
<br /> ._.._
<br /> N. Audrey McA1 n
<br /> STATEOFNEiRASlCA.� 2$th Iv 77 °S
<br /> COUNTY OF NALL �. �thie day uf November ,eeewe me. F
<br /> [tu undersigned a Notary Public in and for stid County,personally artu � �
<br /> � Triaeas J. McAloan a�d M, Audrey McAloon, each in his and her own right and as spouse of �'.
<br /> each otfKr _ w� are �r���o
<br /> w�e to be et�e identipl peewn S w1�tr�g i� `��#`ixed to t!u ebove instrumrnt u mort�or5 and they severally
<br /> adrooWledNO the oid iw�truwfe�t to M' ��1lf M' voly�7yiy Jqt and deed. '
<br /> Ni1TAtF.SS w�Y�#iPd N�tr+di�f q�t d�te afe�id. r.
<br /> My Coeis�uro�eup�le� �-�
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<br /> . . Kuirry PubLc
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