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<br /> 76- 100793
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<br /> Itit
<br /> MORTGAGE
<br /> ri^y MORTGAGE LOAN NO. L 21,989
<br /> tt.". KNOW ALL MEN BY THESE PRESENTS;That Niels McDermott and Virginia McDermott, husband and wife,
<br /> -, and Larry G. Yost and Sharon K. Yost, husband and wife
<br /> IV, Mortgagor,whether one or more,in consideration of the sum of
<br /> I.,; Twelve Thousand Eight Hundred and No/100 DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 128 shares of stock of
<br /> A, said ASSOCIATION,Certificate No.L 21989 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> 5, described real estate,situated in Hall County,Nebraska:
<br /> °ani415
<br /> F
<br /> }, LOT EIGHT (8) IN BLOCK THIRTY TWO (32)
<br /> ,. IN RUSSEL WHEELER'S ADDITION TO THE
<br /> k-'
<br /> CITY OF GRAND ISLAND, HALL COUNTY,
<br /> 1, NEBRASKA.
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<br /> -4ef
<br /> a:,
<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> tt i window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> :,1,,,1 refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> i3! 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 /> F assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved
<br /> 3! insurance upon the buildings on said premises situated in the sum of$12,800.00 payable to said ASSOCIATION and to deliver to mid
<br /> T.} ASSOCIATION the policies for mid insurance;and not to commit or permit any waste on or about mid premises;
<br /> ye
<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 /> yt 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 /> t`f unpaid;and the mortgagee shall have thepower to
<br /> Fs; Pappoint any agent or agents it may desire for the purpose of repairing mid premises and renting
<br /> sr;_ the same and collecting the rents,revenues and income,and it may pay out of mid income all expenses of repairing said premises and necessary
<br /> commissions and expenses incurred in renting and managing the sante 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 /> 3;i
<br /> 7.. 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 /> 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 /> t,t and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 12,800.00 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 /> gO
<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 /> .'r with all the agreements and conditions of the Bond for S 12,800.00 this day given by the said Mortgagor to mid ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and Bylaws of said ASSOCIATION;then these presents shall become null and void,otherwise 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 /> 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 /> ri
<br /> I' 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 /> y., 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 /> ti 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 /> V. 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 /> f secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> • ','' Dated this 18th day of February A.D.,19 76
<br /> p;
<br /> . r Mc DQ.motr / Virgl�ia �c'6ermot{ . ' os Sni;1-on K.` t
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<br /> STATE OF NEBRASKA, On this 18th da Feb
<br /> •tt ""COUNfY:OF HALL}u. Y ofFebruary 19 76 ,before me,
<br /> r the undersigned,a Notary Public in and for said County,personally came
<br /> tif,,". Niels'McDermott-and°Virginia McDermott, husband and wife and
<br /> ,' Larry G. Yost and.,.: • , Yost, husband and wife who are personally known to
<br /> r me to be tte identical ' e .mes affixed to the above instrument as mortgagorand
<br /> �,,y� S they severally
<br /> aacknowle4e4the. r ,:., tt voluntary act and deed.
<br /> i r :, / f I • '� ' &And ' Seal the date aforesaid.Ni ,� Q./
<br /> coat sEXPI RES !, 7, 1974 ,4-% C.>Y.- 4�
<br /> ',''',t 37&2M �j G C.
<br /> lib Notary Public
<br /> 'tnt'c OF NE60. ''
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