|
�-�:
<br />�a �
<br />.� t - _��
<br /> :t
<br /> ���:
<br /> .. � _ _ _ -- �
<br /> :�;%... t��h5��54
<br /> MORTGAGL
<br /> MORTCAGE LOAN NO.�__2281 1
<br /> r KNOW ALL MEN BY THESE PRESENTS:That Pd U� I-�. Lowel l and Di ane L. Lowel l� 2d Ch 1 t1 fl l S and
<br /> 1
<br /> ;her own right and as spouse of each other
<br /> � � � � Mortgagor,whether one ot more,in consideration of the sum of
<br /> Twenty-Six Thousand Four Hundred and No/100--------------------------------------- p�L�A�ts '
<br /> � � loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 264� shares of stock of
<br /> said ASSOCIA"FION, Certificate No. L 22$�� ,do hereby grant, convey and mortgage unto the said ASSOCIATION the followxng
<br /> described real estate,situxted in Hall County,Nebraska:
<br /> ; .�
<br /> LOT TEN (10), IN BLOCK T�n1ELVE (12), IN ASHTON
<br /> PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND,
<br /> NEBRASKA
<br /> }
<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging, including attached floor coverings,all window screens,� �
<br /> window shudes,blinds,storrn windows,awnings,heating,air conditioning,and plumbing and wa:er equipment and accessories[heteto,pumps,stoves, �
<br /> refrigerators,�and other fixtures ar,�:.equipment now or hereafter atYached to or useC ir connedi�n with said real estatz.
<br /> And wl�ereas the said mortgagor has agreed and does tiereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> assessed upon said premises and upon this mortgage and the bond secu e t,}� r by}jefore the same shall become delinquent;ro furnish approved ��
<br /> � � insurance upon the buildings on said premises situated in[he sum of S ��s`+��•�v payable to said ASSOCIATION and to deliver to said
<br /> � � ASSOCIATION the policies for said insurance;an3 not to cornmit or permit any waste on or abou[said premises; �
<br /> � In case of default in the performance of any of the rerms and conditions of dus mortgage ur the bond secured hereby,the mortgagee shall, �
<br /> on demand,be entitled to immediate possession of the mortgaged premises and [he aiortgagor hereby assigr.s, transfers and sets over to the
<br /> � mortgagee all the rents,revenues and income to be derived from the rnortga�ed premises during such time as the mortgage indebtedness shall rema"ui
<br /> � unpaid;and ihe mortgagee shall have the power to appoint any agent or agents it may desire fur the purpose of repairing said premises and renting
<br /> the�same and collecting the rents,revenues and income,and it may pay out of said incame all expenses oC repaicing said premises and necessary
<br /> � commissions and expenses incurred in renting and managing[he same and of collecting ren[als therefrom; the balance remaining,if any, to be �
<br /> � applied toward the discharge of said mortgage indebtedness;these rights of'[he mortgagee may be exercised at any time during the exis[ence of such
<br /> default,irrespective oC any temporary waiver of qie same. . �
<br /> . � These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the ma[urity of said shares by
<br /> � payment;pay 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 assessments levied against said premises and on this Mortgage �
<br /> and the Bond secured thereby,before delinyuency;fucnish xpproved insurance upon the buildings thereon in the sum of� 26�4��.�0 payxble �
<br /> � � to said ASSOCIATION;repay[o said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance wi[h interest at� . .
<br /> � die maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste mi said premises,keep and comply
<br /> with all the agreements and conditions of the Bond for� 26�Q�Q ��this day given 6y the said Alortgagor to said ASSOCIAT[ON,and comply ' . �
<br /> with all the requirements of the Cunstit ution and By-Laws of said ASSOCIATION;then [hese presents shall become null and void,otherwise they .
<br /> shall remain in full force and may be foreclosed at the option of[he said ASSOCIATION after failure for three months to make any uf said ��
<br /> � payments m be chree months in arrears in making said monthly payments,or to keep and cumply with the agreements and cunditions of said Bond; � � �.�
<br /> and Mortaagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. .
<br /> � i � �
<br /> � lf there is any change in ownership of the real estate mortgaged herein, by sale�r otherwise, then ihe entire remaining indebtedness hereby �.. � . �
<br /> . secured sliall,at ilie option oP The Equitable$uilding and Loan Association of Grand Island,Nebraska,become immedia[ely due and payabte withou[ . � �
<br /> further notice,aad the amount remaining due under said bond, and any other bond for any additionul advances made[hereunder,shall,from the � � � �
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mor[gage may then be foreclosed to satisfy the amount due on said
<br /> bond,:uid any other bond for additional advances,together with all sums paid by said The L'quitable Building and Loan Associatiun of Grand Island, ` �
<br /> � � � Nebraska.for insurance,[axes and assessmen[s,and abstracting extension charges, with interest thereon, from date of payment st the maximum :
<br /> � legal rate. - .. �
<br /> . � As provided in the Bond secured hereby,while[his mortgage remains in effect the mortgagee may hareafter advance addiLional sums t�the .
<br /> . makers of sxid Bond,tbeir assigns or successors in ir.terest,wtiich sums shall be within the security of this mortgage the same as the funds originally � �
<br /> � secured thereby,the total amount of principal debt not to ezceed at any[ime the original amount of this mortgage. �� � .
<br /> acea��,s 14th. day of September A•�•,19 77
<br /> ��1���,,,,�.t:i�5'`"'�
<br /> ,�1 H : Lowel l/ ���/� o
<br /> r'/h..» -�5'� '7`iP-��,s f"!%
<br /> Diane L. Lowell
<br /> STATE OF NEBRASKA, ss. On this 14th. a3y of Septembe r i9 77 ,before me,
<br /> COUNTY OF HALL� ,,,�� . -y
<br /> � th.e undersigned,a Notary Public in and for said County,personally came � ,�,J'�� '
<br /> Pau7 H. Lowell and Diane L. Lowell, each in his and her own right and as spouse of each
<br /> : O�her ) whO dre Personally known to � ?�r
<br /> __ .
<br /> I me to be the identical persorS whose name 5 d P0 affixed to the above instrument as tndrtgagor 5 and th ey severaily ri�
<br /> acknowledged tfie said instrument to be the�r voluratary act and deed. '� '� �
<br /> �, �� � � � WiTNESS my hand and Notarial Seal the date aforesaid. �'�� f� /,i-'' � �
<br /> � ' f�
<br /> �� � �My�Commission expires �v r1'� J q t r �.__.._.. �l .-.r.%li'! !� ! /� ' -
<br /> ` . � 1..� ' � G^° � / �.,.-�-'� .�..2
<br /> '� ENF,��70T;�� a ie,F r .�r �a �� *N ary Pu c �
<br /> &1.2M RI � . �..Q yY�j�l�V}�#3,�..�i�c�.GY�` :: � .
<br /> �,'
<br /> � � '_ . ._.�.,_._ M1�j(`ahzt:t.FxS.`SPhi.1,7981'd
<br />, �
<br />�� ..._.__. . . . . � --_..
<br />� �. � � . � � � . � �.� � �
<br />,�
<br />
|