|
76• @OO729
<br /> MORTGAGE — _
<br /> MORTGAGE LOAN NO. L 21,980
<br />,l,,, KNOW ALL MEN BY THESE PRESENTS:That Bobby Graves and Darnell A. Graves, each in his and her
<br /> own right and as spouse of each other,
<br />,. Mortgagor,whether one or more,in consideration of the sum of
<br />• Twenty Thousand Seven Hundred and No/100 DOLLARS
<br />'' loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 207 shares of stock of
<br /> said ASSOCIATION,Certificate No.L 21,980 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> LOT TWO (2) KNICKREHM EIGHT ADDITION
<br /> TO THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA.
<br /> together with all tire 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 20,700.00 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 /> 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 />.S; 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 /> 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 20,700.00 payable
<br /> •
<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 /> with all the agreements and conditions of the Bored for S 20 r70D 00his 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 /> Iii shalt 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 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 /> 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 /> A!., 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 tins 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 sante 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 /> Oat this 11 ti day of February A.n.,Iv 76
<br /> • Bobt;yr-Graves Darnell A. !Graves
<br /> z'
<br /> STATE OF NEBRASKA, 11th da
<br /> r sr. On this yof February 19 76 ,before me,
<br /> COUNTY OP HALL
<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> Bobby Graves and Darnell A. Graves, each in his ant- her own
<br /> right and as spousgso ,,each other who are personally known to
<br /> s • me to be the identical person_cp c 1 wii06efnanielS affixed to the above instrument as mortgagor S and they severally
<br /> acknowledged the said inrig irt,tb�e it th`C,�LL voluntary act and deed.
<br /> WITNE4iF1t_nd and Nottaarial SlaayJhe date aforesaid. e6A0-1 l ,/
<br /> My C isgon-eaphres. 7 ie.z. ,. JcpX, 7 �/ ///�J"
<br /> _ Notary I ublic
<br /> 3-73-2M a. •'Z-
<br /> :r `;?—�
<br /> t �;
<br /> •
<br />
|