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<br /> Entered on r :rre i I ' ..a , t„ri 1
<br /> t-.. • art a C.-e--"1---4-14. 19 2L2
<br /> 7t-� 000.004 at 11/' I j _AM. t 1 true:;t No ` �'��__ a •
<br /> yf G�.2,r
<br /> MORTGAGE ._s t I[ilrr_ --
<br /> r r MORTGAGE LOAN NO. L 1MGI C
<br /> KNOW ALL MEN BY THESE PRESENTS:That Donald P. Whelan and Linda S. Whelan, each in his and
<br /> her own right and as spouse of each other,
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> Fifteen Thousand Two Hundred and No/100 DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 1 52 shares of stock of
<br /> said AS:OCIATION, Certificate No. L 2192B NGIICC ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> NV
<br /> described real estate,situated in Hall County, r
<br /> THE SOUTHERLY SEVENTY EIGHT AND NINETY FIVE HUNDREDTHS
<br /> FEET (78.95) OF LOT EIGHT (8) IN BLOCK FIVE (5) IN
<br /> A, WIEBE'S ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA. •
<br /> t
<br /> •r
<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> window shades,blinds,storm 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 attached to or used in connection with said real estate.
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay ail taxes and assessments levied or
<br /> r assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved
<br /> 1 insurance upon the buildings on said premises situated in the sum of S15,200.00 payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance;and not to commit or permt any waste on or about said premises:
<br /> In case of default 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 entitled to immediate possession of the 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 the mortgaged premises during such time 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 andrenting
<br /> the same and collecting the rents,revenues and 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 the same and of collecting rentals therefrom; the balance remaining,if any,to be 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 any temporary waiver of the same. - '
<br /> These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity 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 delinquency:furnish approved insurance upon the builr'ings thereon in the sum of S 15 200 0 payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and msdrance with interest at
<br /> the maximum legal rate thereon from date of payment ail of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> ` with all the agreements and conditions of the Bond for S 15 SS0 s day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> _ with all the requirements of the Constitution and By-Laws of sari!-ASSOCIATION:then these presents shall become null and void,otherwise they
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION 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 condition.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 Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> t 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 exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed 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 Grand Island,
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br /> legal rate. •
<br /> �; As provided in the Bond secured hereby,while this mortgage remr-ins in effect the mortgagee may hereafter advance 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 total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> /• ted ' Lr /dayof December A,;D.,19 .75
<br /> { �` r vi_ ria - jam '% i��.t -
<br /> .Donald P. !: elan, Linda S. Whelan
<br /> t
<br /> STATE OF EBRASKA, as. On this 31St day of December 19 75 ,before me.
<br /> F - COUNTY OF HALL
<br /> the undersigned,a Notary Public in and for said County,personally came I
<br /> Donald P. Whelan-and Linda S. Whelan, each in his and her ,�
<br /> Own right and� ..- --,..,1.6„e�, of each other who are personally known to
<br /> ,•;',...-_,..LLL, me to be the identi �' �'','.iv{i' .
<br /> .- etc name S affixed to the above instrument as mortgagor S and they severally
<br /> acknowledged th -irtrteuittenr c ,i' lei r voluntaryact d deed.
<br /> my bawl and.IR)t Seal an •
<br /> the date aforesaid- r
<br /> f My Comrrrissioar ekpires: 7 j47.7.6. l
<br /> iy,
<br /> 3732Mr Notary Public
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