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<br /> 14.. ()00 x.35 •
<br /> 1$ MORTGAGE
<br /> MORTGAGE LOAN NO. L21926 MGIC
<br /> i„,y,'.t.:0,,. . KNOW ALL MEN BY THESE PRESENTS:That George B. Lomasney and Elizabeth B. Lomasney, each in
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<br /> his and her own right and as spouse of each other, Mortgagor,whether one or more,in consideration of the sum of
<br /> Viz; Twenty-one Thousand Five Hundred and No/100 -DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 215 shares of stock of
<br /> said ASSOCIATION;Certificate No.L MGIC do hereby 2,Nebraska: grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,
<br /> I
<br /> THE SOUTHERLY FORTY NINE AND THIRTY-THREE
<br /> HUNDREDTHS FEET (49.33) OF LOT FOUR (4) IN
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<br /> BLOCK SEVENTY-SIX (76), ORIGINAL TOWN, NOW CITY,
<br /> OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> tri 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 all taxes and assessments levied or
<br /> assessed upon said premises and upon this 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$ 21,500.00 payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit 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 /> zN 4 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 and renting
<br /> w the same and collecting the rents,revenues and income,and it may pay out of said inc..-me 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 /> lr 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 /> p • 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 /> V.;.,', 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 buildings thereon in the sum of$ 21 500.0a
<br /> payable 0
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay:permit no waste on said premises;keep and comply • J
<br /> with all the agreements and conditions of the Bond for$ 21 ,500.OOthis day given by the said Mortgagor to said ASSOCIATION,and comply - -
<br /> with all the requirements of the Constitution and By-Laws of said 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 /> t payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond;
<br /> F 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 /> further notice,and the amount remaining due under said bond,and any other bon'for any additional advances made thereunder,shall,from the
<br /> s 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 remains 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 /> S-,,,,.."-'‘ Da this 31st day of December A.D.,19 75
<br /> ({tPi 'z%l1 !r Le). '»'7/I,t ,)--L ('�.
<br /> eo,. smasgey El iZabeth B. Lomasney ./
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<br /> STATE OF NEIS:QASKA,
<br /> ti -- COUNTY OF HALL ssOn this 31st day of December 1975 before me,
<br /> George B. Lomasnj and Elizabeth B B. Lomasney the updetsigngd,a Notary Public in and for said County,personally came - 1,A i
<br /> each in Itis and her own right ane as spouse
<br /> s
<br /> , c.Qf each other, • who are personally known to
<br /> r -try to be the identical person S whose name S are affixed to the above instrument as mortgagor s and they severally -a, 1
<br /> acknowledged the said instrument to be their voluntary act and deed. j "
<br /> 1 � t • + -
<br /> WITNESS my hand and Notarial Seal the date aforesaid.
<br /> y L / ;
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<br /> My Commission expires -. - a
<br /> 3-73-2M Notary Public .
<br /> 4_. •1 • . L. & . .. e . • , l
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