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<br /> MORTCAGE
<br /> `s
<br /> t�fORTGAGG LOAN NO. L 22,046
<br /> f KNOWALLh1EN[3YTHFSEPRESENTS:That Billy L. Myers and Patricia R. Myers, each lfl h15 and �
<br /> �
<br /> � her own right and as SPOU52 Of BdCh Oth@P� Mortgagor whetheroneormore inconsiderationatthesumof
<br /> Twenty-six Thousand and No/100----------------------------------------------------���A�
<br /> loaned to said morlgagot by TLe Equitable Building and Luan Assocution of Cr�nd Island,Ncbraska,Alartgagee,upon 260 shares of stock of
<br /> said ASSOCIATION,Certillcate No.L 22,046 ,do hereby gant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estatc,siwated in Hall Counry,Nebraska:
<br /> �`,
<br /> � LOT THREE (3), TOM'S SUBDIVISION, TO THE
<br /> CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> togelher witl� all tt�e tenements,hereditaments and appurtenances ihereunm bclonging,including attached(loor m�Erings,ail window ureens,
<br /> 'i window shades,61inSs,siarm windows,awnings,heating,air conditioninb,and piumbine and wa[crequipmrnt and acceswries thereto,pumps,stoves,
<br /> reGigerarors,and other fixtures and equipment no�L or hemafre�attached to ot used in connection�vith said real estata
<br /> And whe�eas the said mortgagor has aQtced and dou hereby a¢rce t;�at the mortgagor shall and will pay all taxes and asuuments le��ed or
<br /> asussed upon said premises and upan this moctgage und the bond srcured Qmreby beforc the same shall become delinquent;to(umisii approved
<br /> insu�ance upon the buildings on said premises situated in the sum of 5 26�O(j�.00 payable to said ASSOCIATION and to deli�Kr to said
<br /> ASSOC(ATION the policics for said insurance;and not to commit ur permit any waste on or about said prcmiser,
<br /> In casc of default in the Fe�formana of any of the terms and conditions o(tliis mortgage or the bond ucured hereby,the murtgagee shall, `
<br /> on demand,be entitled ro immcdiate posxssion o(the mortgagcd prcmius and thc mongagor hereby auigns, transfcrs and sets o�ror to the
<br /> mortgagee sll the rents,revenaes and income ta be derived from the mortgagcd premixs during such time as dm mortgage indebtedness shall remain
<br /> ,.�� unpaid;and the morlgagce shall have thc power to appoint any agent or agrnts it may desi¢for the purpose o(repairing said prcmises and renting �� .
<br /> thc s�me and collecting tht rents,rcvenues and income,and it may pay uut uf said income all expenses uC rcpairing said premises and necessary
<br /> ;���� mmmissions and expenxs incu�ced in renting and managing the sante and of collecting rentals themfrom;tht balance rcmaining,if any,to be � � -� -
<br /> S appiied tow•ard the discharge of said mortgage indebtedness;them rights u(the murt¢agce may be exerciud at any time during the existence af such �
<br /> i, default,i�respeeti�Y o(any tempurary waiver o(the samc.
<br /> ' Thest Presents,however,are upon thc Condition,That if tht said Atorigagot shall repay said loan un or befom the maturiry uf said shares by
<br /> �3� payment:pay monthly lo said ASSOCIATION of the sum specifiad in the dund secured hrre6y as interest and principal un saiJ loan,on or 6e(um � .
<br /> � the Twentictli Jay of each and every month,wuil said luan is fully paid:pay all taxes and assessmants le�ied against said premius and on this�f ortgage
<br /> � and Ihe Bond secured Ihereby,be(ure delinquency;fumish appmved insurance upon the 6uildings thereon in the sum of S 26>0��.�0 payable _:�
<br /> , to xid ASSOCIATION;repay to said ASSOCIATION upon demanJ all money by it paid for such taxes,anessments and insurance with interest at
<br /> �he maximum legal rutc theceon Gom date oF payment all of a•hich�fortgaeur hereby agrees tc pay;permit nu waste on said premius;keep and comply ~ �t
<br /> with all the agrecments and conditions of thc BonJ for 5 2fi,000.00 tliis day giren by the said�furtgagor tu said ASSOCIATION,and comply
<br /> witli a0 the requiremcnts of Ihe Constitution and ByLaws of said ASSOCIATION;thcn tlmse presents shall become null and�nid,otherwiu ihey
<br /> shall remain in full(urce and may be(utedosed at the optian u(the said ASSOCIATION aher failum for three months to make any of said
<br /> payments or be diree months in arrears in making said munAily paymerts,or to keep and comply w•ith the agrcaments and conditions of said ifmid;
<br /> and�lorigagor agrees to have a rccei�ror appointed forthwith in tuch forecbsure proceedings. � . .
<br /> IC there is am change in owncrship of the ceal estatc mortgaged herein,by salc or othcnriu,then tha entirc remaining inde6tedness hereby
<br /> sewred shall,at the option of Thc Equitable Building and Loan Association of Grand fsland,Nebraska,becume immediatcly due and payable wiUwut
<br /> j further nmice,mid Uu amount mmaining duc undcr said bond,and am�other bond for any additional ad�ances made thereunder,shall,Gom die
<br /> :1 d�te of erercise of said option,bear interest at the mazimum Icgal rate,and this mongage may then be foreclosed to satisfy the amount due on said
<br />�' bond,and any uther bond for additional advances,together with all sums paid by said The Equita6le 8uilding and Loan Association of Grand Island,
<br /> ; Nebraska fur insurance,�axes and assessments,and abstracting extension charees,wi�h interest thercon,(rom date of payment at the nuximum
<br /> ;� legal raro.
<br /> ;i
<br /> 'Z As piovided in the BonJ sccureJ hcre6y,while this mortgage remains in cffect thc mortgagee may hereafter ad�ance additional sums tu thc
<br /> makers of said Bond,their�ssigns m successors in interest,which sums shall be within the security of this mortgage the same as the funds ori�inally
<br /> secured thercby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> '� Da�ed tli 30t11 aay�r March n•n;�9 76 ,
<br /> ,�� � � 1 • ���Z, �
<br /> � ill L.M ers - T- : �� ti�-:�%a.f��,��.�.../ /l�.t�r�
<br /> � Y Y Patricia R. Myers / /
<br /> � _ _._
<br /> � STATE OF NEBRASKA, u. vn this 3�th day of March 19 76 ,befoce me. �
<br /> COUNTY Of HALL� I �.
<br /> he unders'n d,a Notu Publi i and f r said Count rso aliy ca e �r`''
<br /> � Billy L: Myers and Patricia R. Myers, each in �is an��er owr`�rig`h� an� as spo�s�o� eac�i ,` a ti�€�, ,;
<br /> � bther, wh� are (Kcsonallyknownto } fsf� i
<br /> OC
<br /> me to be the idrntical person5 whose name S d i'2 a(fucd to tl�e above instrument armort or 5. and they uvcrall^ � � ����'. "
<br /> � acknowledged thc said instmment to be the i r voluNary act and decd, jf` �i'-' r `� h' �
<br /> J WITNESS my hand and Notarial Seai the dete aforesaid. ti� !� /. /��� , �.� �
<br /> i �ly Commission ezpire�� '� �
<br /> /L�!{/G`7 ',' ' r`. 'l�:i;!/1
<br /> j ,ENERAL NOT3RY tte o�t�chr. � / ' Notary Public I
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<br /> � . .. . _._._..... . �79 � /
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