|
�y:.. r •4,:
<br />��`. � ,�,�a..-:�.
<br /> e � �
<br /> ��a �)�}��fZ�
<br /> MORTGAGE
<br /> MORTGACELOAN N0. 22�6$1 MGIC
<br /> � KNOWALLMENBYTHESEPRESENTS:That T2YPy L. Hallowell and Jean M. Hallowell, each 1!1 }lT5
<br /> and her own right and as spouse of each other
<br /> � � � � � Mortgagor,whether one or more,in consideration of the sum oF
<br /> ' Thirty-three Thousand Three Nundred and NO/IOO------------------------------------ DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebrasl:a,Mortgagee,upon 333 shaies of stock of
<br /> said ASSOCIATION, Certificate No.L 22 6$ MGI C,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real es[ate,situated in Hall Coun�y,�ebraska:
<br /> LOT TWENTY-FOUR (24), BLOCK ONE (lj,
<br /> IN KNICKREHM ADDITION, AN ADDITION
<br /> TO THE CITY OF GRAND ISLAND, NEBRASKA
<br /> together with all the tenements,hereditaments snd appurtenances thereunto belonging, 3ncluding attached floor coverings,all window screens,
<br /> � window shndes,blinds,5torm windows,awnings,heating,air conditioning,andplumbing and waterequipmentand accessories thereto,pumps,stoves, �
<br /> ref'rigerators,and other fixtures and equipment now or herea(ter attached to or used in connection wi[h said real estate. �
<br /> And�whercas Ute said mortgagor has agreed and does hereby agree that the mortgago;shall and will pay all taxes and assessments levied or
<br /> assessed upon said premises and upon this mvr[gage and the bond secured thereby be}ore the same shall become delinquent;to furnish approved
<br /> ? insurance upon the buildings on said premises situated in the sum of$ 33 300 QO Payuble to said ASSOCIATION and to deliver[o�said
<br /> � ASSOCIATION the policies for said insurance;and not to commit or permit�any was e on or abou[said premises, � � �
<br /> In case of default in die performance of any uf the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, � �
<br /> on demand,be entitled to immediate possession of thc mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived from[he morigaged premises during such time as the mortgage indebtedness shall remain �
<br /> - unpaid;and the mortgagee shall have the power to appoint any agent ur agents it may desire for the purpose of repairing said premises and renting .
<br /> Ihe same and collecting�he rents,revenues xnd income,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[he same and of collecting rentals therefrom; the balance remaining,i(any,to be
<br /> applied toward the discharge of said mortgage indebtedness;these riglits of the mortgagee may be exercised at any time during the existence of such ��
<br /> default,irrespective of any tempurary waiver of Ihe same. .
<br /> These Yresents,however,are upon the Condition,"That if tlze said Mortgagor shall repay said loan on or before the maturity of said shares by �
<br /> payment;pay monthly to said ASSOCIATION af tl�c sum specified in the[3ond secured hereby ns 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 assessments lzvied against suid premises and on tliis Morigage � —
<br /> and the Bond secured thereby,before delinquency:fumish approved insurxnce upon the buildings thereon in the sum of$ 33�3QQ.QQ payable �
<br /> � to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interes4 at � � . .
<br /> . the maximum legal ra[e thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply .
<br /> � with all the ngreements and conditions of the Bond for$ 33�30�.�� Ihis day given by the said A7ortgagur to said ASSOCIATION,and comply � .
<br /> ' with all the requirements of the Conslitution and By-Laws of said ASSOCIATION;then these presents shall become null and vpid,otlterwise they . � �
<br /> � shall remain in fuil force and mny be foreclosed at ihe option of the uid ASSOCIATION atter faiture for tiuee months [o make any of said . . �
<br /> peyments or be three months in arrears in making said monUily payments,or tu keep and comply wi[h the agreements and conditions of said$ond; � �
<br /> and Mortgagor agrees to have a receiver appointed fbrthwith in such foreclosure proceedings. � �
<br /> I(there is any change in ownership of[he real esta[e mortgaged herein, by sale or otherwise,then the entire remaining indebtedness hereby � . �
<br /> � secured sha11,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, xnd any other 6ond for any addi[ional advances made thereunder,shall,from the . � � �� � �
<br /> dale of exercise of said option,bear interes[st the mrucimum legal rate,and this mortgage may Uien be foreclosed to satisfy the amount due on said � . � � �
<br /> bond,and any othe�bond for additional advances,together with all sums paid by said The Equitable Building and Loan Associa[ion of Grand Island, � � � . �. �
<br /> � Nebraska fur insurance,taxes and assessments,and abstracting extensiun charges, with interest lhereon, from date uf payment at [he maximwn . � � � �
<br /> � legal rate. - � � . �
<br /> As provided in the Bond secured hereby,while this murtgage remains in effect the mor[gagee may hereafter advxnce additional sums to the � � . � �
<br /> 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 /> secured thereby,the tota]amount of principal debt not to exceed ai any time the original amount of this mortgage. . . .� � .. ..
<br /> �/Dated this th d�f aUne A.D.,19 �7
<br /> T
<br /> ' .�Urc.�",7, � � ..��,^�-tc�C >.
<br /> d�ean M.Hallowell
<br /> STATE OF NEBRASKA,� Ss. On this 7th day of J un e 19�� ,before me, �
<br /> COUNTY OF HALL
<br /> � � � the undersigned,a Notary Public in and For said County,personally came ��
<br /> Terry L. Hallowell and Jean M. Hallowell , each in his and her own ri ht and as sp� Se of �� 'N �X ' ;
<br /> � 2dCf1 O'CE121^ �'h� dt'E persohalNy7cnuwnto �y
<br /> � ��me to be the identical personS whose name5 8Y'2 . affixed to the above insi ent as m rtgagor S and th�severally �•
<br /> �c�.
<br /> acknowledged tl�e said instrument to be th@l r voluntary act and deed.
<br /> . WiTNESS my hand and Notarial Seal the date afo:resaid. �/�/ � �/ �
<br /> � '-�— �.. • ss�on.expires ' �. � � � �
<br /> G ttie NAL N07ARY.�i�e rf ,t;r. f
<br /> � JdIMFC W Qi {y.� f � . Notary Public� .
<br /> ,_�� .�.�,:x„��,� x �-=° a ��.�,�!� , ,; i� ��,
<br /> _. : ,
<br />� � � ■
<br /> �_ _ ,r
<br /> �
<br />
|