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<br /> IL: .
<br /> 76- 00015:
<br /> MORTGAGE
<br /> Vl it gym.® -
<br /> i',. MORTGAGE LOAN NO. L 21,935
<br /> 7 a
<br />-47,
<br />� ' KNOWALLMENBYTHESEPRESENTS:TIwt John R. Mc Mullen Jr. and Carolee R. Mc Mullen, each in
<br /> d his and her own right and as spouse of each other,
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<br /> fi Twenty-six Thousand and NO/ OO Mortgagor,whether one or more,in consideration of the sum of
<br /> DOLLARS
<br /> r,k loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 260 shares of stock of
<br /> said ASSOCIATION, Certificate No. L 21 ,935 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> ra described real estate,situated in Hall County,Nebraska:
<br /> FRACTIONAL LOT SIX (6) IN FRACTIONAL BLOCK SEVEN
<br /> (7) TN WOOD BINE ADDITION, AND ITS COMPLEMENT, TO-
<br /> WIT: FRACTIONAL LOT SIX (6) IN FRACTIONAL BLOCK
<br /> SEVENTEEN (17) IN MORRILL'S ADDITION, BOTH BEING
<br /> sS ADDITIONS TO THE CITY OF GRAND ISLAND, NEBRASKA.
<br /> 3n
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<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 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$ 26 000,00 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 /> ea, on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> .'i,-•,,,;.,...-1:, 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 /> 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
<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 /> default,irrespective of any temporary waiver of the same.
<br /> r„. .
<br /> These Presents,however.arc 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 /> V.,- and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings
<br /> thereon in the sum of S 26,000.00 payable
<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 rare 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 agreements and conditions of the Bond for S 26,010000 this 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 rosy be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />[...17':'-''' payments or be three months in arrears in snaking said monthly payments,or to keep and comply with the agreements and conditions 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 remains in effect the mortgagee may hereafter advance additional aunts to the
<br />.J.,!-- 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.
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<br /> itsted•tltis 9th day of January /-A-.43Irl 76
<br /> J \a R. ffc Men-Jit. (f arolee R Mc Mullen
<br /> 1rt STATE OF NEBRASKA, ,s,. _ on this 9th da „f January
<br /> } _.. COUNTY OF HALL Y l9 76 ,before mc,
<br /> '•1 -: , Y
<br /> -r; the undersigned,a Notary Public in and for said County,personally came
<br /> John:.R, Mullett.Jr:` and Carolee R. Mc Mullen, each in his and who are personally known to
<br /> heo li ft�.and,.as spouse of each other
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<br /> s Y -meto be the iden`flirgITrersosgs whose name S affixed to the above instrunent as mortgagor and t `
<br /> Bag S they severally f
<br /> -. - r
<br /> acknowledged the said inylrument to be voluntary act and deed.
<br /> WITNESS my hand and Notarial Seal the date aforesaid. \ {
<br /> MyCommission expires 1-.) 1
<br /> '''e.)> \Ckl , JL. 1� .,
<br /> 3-73-2M r 1 , I otary Public
<br /> — - c - 11 r - ,..n. .. ,...
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