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76- 000627 .
<br />• '. MORTGAGE
<br /> ,'F MORTGAGE LOAN T O. L 21,973
<br /> .'A,.',.., 1aaOWAud..MEN)3Y THESE PRESENTS:That David W. Maney•and 'Kristine S. Maney, each in his and
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<br /> i, her own right and as spouse of each others; Mort arswltetherone-ormore,inconsiderationofthesumof
<br /> Twenty-eight Thousand and No/TOO --DOLLARS
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<br /> ' ' •loaned lo.sai saki:mortgagor Thetgagor by Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 280 shares of stock of
<br /> • said ASSOCIATION,Certificate No.1. 21,973 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the Following ' '
<br /> i 'described seal estate,situated in Hall County,Nebraska.
<br /> r LOT TWELVE (12) IN BLOCK ONE (1) IN KNICKREHM
<br /> '' SIXTH ADDITION TO THE CITY OF GRAND ISLAND, HALL'
<br /> COUNTY, NEBRASKA.
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<br /> together with all the Ienearus,hereditaments and appurtenances thereunto belonging,including attached into coverings,all window screens,
<br /> window shades.blinds,norm windows,awnings,heating,air conditioning,and plumbing end water equipment and accessories thereto,pumps,stoves,
<br /> .4,,,.." refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
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<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 band se-•fired thereby before the mine shall became delinquent;to furnish approved •
<br /> insurance upon the huildings on said premises situated in the sum of S 28,000.00 payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance:and not to commit sir permit any waste on or about said premises;
<br /> in case,of:detaulf 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.irmae'lien possession of the mortgaged premims and the mortgagor hereby assigns,transfers and sets over to the
<br /> enoregae,ee: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 aver v it may desire for the purpose of repairing said premised and renting
<br /> the same and collecting the rents,reveaves end income,.and it way pay out of mid income all expenses of repairing said premises and necessary
<br /> commissions end expenses incurred in renting and managing the same and of collecting tennis therefrom:the b ltnrr 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 /> 'i.• default,irrespective.of any temporary waiver of the same.
<br /> 'Them 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,nrttil said loan is fully paid:per all taxes and assessments levied against mid premiss and on this Mortgage
<br /> end the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 28,000.00 payable
<br /> to said ASSOCIATION:repay is,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 31 ontagar hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> with all the agreenrnts and conditions of the Bond fors 28,000.OD 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 ASSOCLATl ON;then these presents shall beam=null and void,otherwise they
<br /> shall genera in fall farce and luny 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 withthe agreements and conditions of said Bond;
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure.proceedings.
<br /> If there is arty rhane a in ownership of the real estate monraae_d 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 Greed Island,Nebraska,become immediately due and payable without
<br /> further notice,and the amount remaining.due under said band,and any other bond for env additional advances made thereunder,shell from the -
<br /> date eif exercise of said option,bear interest at the maximum legal rate.and this mceteaee.gray then be foreclosed to satisfy the amount due on said •
<br /> bond,and any other bond far dditional advances,together with all sums paid by mid The Ecuital ie BttxTtting rod Loan Association of Grand Island,
<br /> Nebraska for rasurance..tale*and assssnetrts.and abstracting extension charges,with interest thereon.from date of payment at the maximum.
<br /> ]-rt rate.
<br /> '.' As provided in the Bond secured hereby,while this martgaceae^.tains in effect the mortgagee may hereafter advanm additional sums to the
<br /> < makers of said Bond,then as nuns or crier-ssors in interest,which slims shall be within the security of this mortgage the same as the deride originally
<br /> secured thereby',the total amount of principal debt not to exceed at any lime the original emaunt of this mortgage.
<br /> Dated this 5th day of February A D,19 76
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<br /> x titer Irl e f/r! i ,.
<br /> David W. Maney `, Kristine S. Maney
<br /> Y • s h daSTATE O}ivEBRASFA, on this 5tvof February 19 76 .beretne.fo •
<br /> COLINT'i OF BALL
<br /> the undersigned.a Notary Public in and far said County,personally canoe
<br /> David W. t4aney and Kristine S. Maney, each in his and her own right and as spouseof
<br /> each other, _ -.-. who are perwnellyknownto _
<br /> an:to be:the rdenucatpc dn5- f ." st nsmeS are affixed to the abate instrtment.as mortgagors and they severally
<br /> acknowledged the hall:n eiii joke.•. he i r voluntary act and deed.
<br /> ' tiny-hantlind'is::«:Seal the date aforesaid. /i
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<br /> To'
<br /> Iv th lessee expires !, .19761� Q��
<br /> 3-73-2Mgar +j Notary t ublic
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