|
1:,„
<br />:, .
<br /> ____
<br />,,.:,,.., r ,
<br /> --1
<br /> t .
<br />.., .
<br /> CM. 000277
<br /> nJ
<br /> MORTGAGE
<br /> t MORTGAGE LOAN NO. L 21 ,944
<br /> cKNOWALLMENBYTHESEPRESENTS:TIutt Darrel R. Olson and Linda M. Olson, each in his and her
<br /> own right and as spouse of each other,
<br /> •
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> Forty Thousand and No/100
<br /> y
<br /> DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Islsad,Nebraska,Mortgagee,upon 400 shares of stock of
<br /> r1.:::. A:'
<br /> said ASSOCIATION,Certificate No. L 21 ,944 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the followingdescribed.real estate,situated in Hall County,Nebraska:
<br />,t
<br /> LOT SEVEN (7) , IN BLOCK "B", IN "PARK-VIEW SUBDIVISION",
<br /> LOCATED IN THE NORTHEAST QUARTER (NE;) OF SECTION TWENTY
<br />�rNINE (29), AND THE NORTHWEST QUARTER (NWQ) OF SECTION
<br /> c,!. TWENTY-EIGHT (28) , IN TOWNSHIP ELEVEN (11) , NORTH, RANGE
<br /> NINE (9), 'JEST OF THE 6TH P.M. , HALL COUNTY, NEBRASKA.
<br /> It
<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 S 40 000.00 payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit teny waste on or about said premises;
<br /> zs 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 /> 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 /> 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 /> 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 /> V,."-' 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 /> 1 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 S 40,000.00 payable
<br /> K to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> r.t 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
<br /> with all the agreements and conditions of the Bond for S (� his day given b•the said Mortgagor to said ASSOCIATION,and comply
<br /> r with all the requirements of the Constitution and By-Laws nf9 rd ASSOCIATION; then these presents salbecome null and void.othrrwise 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 /> •
<br /> 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 /> arid Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> F2-..:-.-. If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br /> Vsecured 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 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 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 /> tea this 6tty day of January -s D 9 76 ,�
<br /> Darrel R. Olson Lyrttia t!. bison
<br /> . _STATEOFNEBRASKA, 16th January76 •
<br /> ss. On this day of 19 ,before me,
<br /> .--xr COUNTY OF HALL yet,
<br /> the undersigned,a Notary Public in and for said County,personally came -.,..•"._
<br /> Y' Darrel R. Olson and Linda M. Olson, each in his and her own ri ht
<br /> .� 9 who are personally known to
<br /> and as spouse of each other
<br /> me to be the identical persons whose name s affixed to the above instrument as mortgagor s and they severally
<br /> acknowledged the silikfttstrument to be their voluntary act and deed. t
<br /> WITNESS•any hand and Notarial Seal the date aforesaid. r.
<br /> My Commission expires t\ \ 1\ _
<br /> �l \ Notary Public
<br /> 3--73-2M' -
<br /> J
<br /> d
<br /> .
<br />
|