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<br /> 76.0004'7;i
<br /> MORTGAGE
<br /> V.`t MORTGAGE LOAN NO. I 71 966
<br /> 0,,', KNOW ALL MEN BYTHESEPRESENTS'That Ralph A. Bradley and Gayle K. Bradley, each in his
<br /> r+,: and her own right and as spouse of each other
<br /> l' Mortgagor,whether one or more,in consideration of the sum of --
<br /> It , •Twenty-two.Thousand Four Hundred and No/100 DOLLARS
<br /> f� loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 224 shares of stock of
<br /> -said.ASSOCIATION,Certificate No.L 21,966 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> ., .' • .described real estate,situated in Hal County,Nebraska:
<br /> s LOT NINE (9) IN BLOCK FIVE (5)
<br /> IN ASHTON PLACE, AN ADDITION
<br /> TO THE CITY OF GRAND ISLAND,
<br /> HALL COUNTY, NEBRASKA. T •a
<br /> tri
<br /> P-',.',` together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> s window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, •
<br /> r�,' 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 a reed and does herebyagree that the mortgagorpay
<br /> - B 8r shall and.will a all> taxes and assessments levied or s.
<br /> assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved
<br /> t insurance upon the buildings on said premises situated in the sum of 5 22 400.00 payable to said ASSOCIATION and to deliver to mid
<br /> i s: 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 tine 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 desirefor 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 /> p;,4 commissions and expenses incurred in renting and managing thesame 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 /> 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 buildings thereon in the sum of S 22,400.00 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 rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> .'S-...".‘,, with all the agreements and conditions of the Bond for S22 400.00 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 /> 1,:.';',1, 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 mid 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 /> n i` secured shall,at the option of The Equitable Building and Loan Association of Grand lsland,Nebraska,become immediately due and payable without
<br /> furthernotice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the
<br /> +i ; 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,tire.total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> Dated this 30,th day of January A.D.,1976
<br /> A..a . I �
<br />,� . -Ra 1phIA.' Brad ey, 6ayie Bradley
<br /> STATE OF NEBRASKA, ss. On this
<br /> COUNTY OF HALL 30th da y of January 19 U before me,
<br /> i'
<br /> the undersigned a Notary Public in and for said County,personally came
<br /> Ralph A. Bradley and Gayle K.Bradley, each in his and her
<br /> •` own'right and as spouse of each other who are personally known to •
<br /> me to be the identical pesipacgy'1 ttwhose name g affixed to the above instrument as mortgagor S and they severally
<br /> acknowledged the inattum Cnalsts? their voluntary act and deed.
<br /> tr6yth $ to sal Seal the date aforesaid.
<br /> vcm•s• qt}s
<br /> ybnrexi /(')/1/4-41
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<br /> 3732M Jr T. ` -c. 'i, Notary Public
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<br /> n_ c OF ItO '.
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