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<br /> MORTCAce
<br /> A10RTGAGL LOAN NO._�,1?8
<br /> Y.NOWALLMENffYTHLSCPRESGNTS:That E, Marsden Garey and Jaculyn J. Garey, each 111 h15 dlld �
<br /> her own right dfld dS spouse of each other, Murtgagor,whetheroneormure,inconsiderationo(thesumot
<br /> ' Thirty-five Tfiousand and No/100----------- llot[.nRs
<br /> loaned to said mortgagor by The Equitable Uuilding and Luan Association o(Grand Island,Nebrasl:a,Mortgagee,upon 350 shares uf scock of
<br /> said ASSOCIATION,Certificate No.1.22 r�2a ,du hereby gram,convey und mortguge unto the said ASSOCIATION qie Collowing
<br /> descri6ed real estnte,situated in Ifall County,Nebraska:
<br /> LOT TWENTY (20, IN DLOCK S?X (6), IN "COUNTRY
<br /> ;
<br /> CLUB SUBDIVISION," BEING A PART OF THE EAST
<br /> HALF OF THE NORTHWEST QUARTER (E32NW4) OF SECTION
<br /> TWENTY-EIGHT (28), IN TOWNSHIP ELEVEN (11) NORTH,
<br /> RANGE NINE (9) WEST OF THE SIXTH P.M., HALL
<br /> < COUNTY, NEBRASKA.
<br /> '�s
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<br /> together with all the [enemrnts,hereditaments and appurtenances thereunm belonging,including a[laclted lloor coverings,all window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air cunditioning,and plwnbing and water equipment and acceswries thereto,pumps,stoves, . �
<br /> refrigeramrs,and o�her fixtures and equipment now or hereaCte[uttached to or used in connection with said real estata
<br /> And whereas the said mor�gagor has agreed and does here6y agree that the mortgagor shall and will pny all taxes and assessments levied or � �.
<br /> - assessed upon said premises and upon lhis mortgage and�he bond secured thereby be(ore the same shall become delinquent;to(urnish approved � � �
<br /> insurance upon thc 6uildings on said premises situated in the sum of S 35����.�0 payable to said ASSOCIATION and to dcliver tu said .
<br /> ASSOCIATION the policies tor said insurance;and not to commit or permit any waste on or about said premises; .
<br /> r�^ In cau of de(ault in the pertormance of any of the teems and conditions o(this mortgage or the bond secured hereby,the mor[gagee shall, - �
<br /> on Jemxnd,bc entided to immediate possession o(ihe mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the . .
<br /> mortgagce all the rents,revenues and income tu be derived from the mortgaged premises during such time as the mortgage indebtedness sl�all temain -
<br /> unpaid;and the mortgagee shall have the power tu appoint any agent or agents i[may desire(or the purpose of repairing said premues and rcnting � .
<br /> ':� the same and collecting the rents,revenues and income,and it may pay out o(s:iid income all expenses of repairing said premises und necessary � -
<br /> commissions and expenses inwrred in renting and managing the same and uf collecting rentals there(rom:the balance remaining,if any,to be � �
<br /> applied toward the discharge o(said mor�gage mde6tedness;these rights oC the mortgagee may be exercised at any[ime during the txis[ence of such
<br /> de(ault,irrespective of any temporary waiver oC the same. � .
<br /> These Presents,however,are upon the Condition,7'hat if the said!�1ort¢agor shall repay said loan on or be(ore Ihe maturity of said shares by .
<br /> ���� payment;pay monthly to said ASSOC'IATION o!the sum specified in the t3und secured hereby as interest and principal on said loan,on or before
<br /> the Tw�entieth d;�y of each and every month,untit said loan is fully paid;pay all taxes and assessmcnts levied xgainsi said premises and on this t�tortgage �
<br /> and the Bond secured thereby,before delinquency;fumish approved insurance upon tlie buildings thereon in the sum of 5 35�Q��.QD paqable �� � � �
<br /> ��� to said ASSOCIATION;repay to said ASSOCIATfON upon demand all muney by it paid lor such taxes,anessmenu and insurance with interest at � �
<br /> Y^ the mxximum le al rate thereun(rom date of ayment all of which Atort a or here6y a�rees to a rmit no waste on said remises;kee and cum 1 �
<br /> B P €F 6 P Y:P� P P' PY
<br /> with all the agreements and conditions of the Bond for 5 35����.�0 this dey giren by the said Afortgagur to said ASSOCIATION,and comply
<br /> with all die requirements oC the Constitution and ByLaws uf said ASSOCIA7'ION;tl�cn these presenu shall become null and void,olherwisa they
<br /> 'r�;� sltail remain in full foree snd may be(oreclosed at Ihe opiion u(Ihe said ASSOCIATION a(tec failure fur threc mon[hs to make any o(said �
<br /> payments or be thcee mondts in arrears in making said monthly p:�yments,or tu keep and comply with the agreements and conditions of said 6ond;
<br /> and Atortgagor agrees�u have a receiver appointed forthw�ith in such fureclusure proceedings.
<br /> If therc is any change in owncrship of tl�e real estate mortgagcd herein,by sale ur utherwise,then the entirt remaining indebtednese hereby
<br /> secured shall,at the option of The C•quitable Building xnd Luan Association of Grand Is1:u�d,Nebras}a,become immediately due and payable without
<br /> further notice,and the amount cemaininc due under s:iid bund,and any uther bond for any additional�dvances made thereunder,shall,lrom the
<br /> date of exercise o(said option,bear interest a[!he maximum legal rate,and this mortgage may then be foreclosed to satisfy tl�a amoun[due un said
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equit�ble Building and Loan Association u(Gra�id Island,
<br /> Nebraska(or insurance,taxes and assessments,and abstracting eztension chargee,with inteeest thereon,fmm date of payment at the maximum
<br /> - leg�lratc.
<br /> ,:.j As provided in the Bond seared hereby,while this mortgage rcmains in effect the mongagee may herea(ter advance addilional sums to the
<br /> makers of s:�id[�ond,their assigns or successors in inte�est,which sums sl�ali be witliin the security of this mortgage the same as the(unds originally
<br /> secureS thereby,the total amount of principal debt nut tu exceed at any time the original amoun[ui this mongage.
<br /> �acea tn�: 17th d,� May ,�.D.,�976
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<br /> 6 \.�—�,-," . t, : ��- ,'//C.�i/.�.
<br /> E. tdarsden Garey � Jaculy J. Garey ��
<br /> STATE OF NEBRASKA,�u On this �]th Say af �rd,y I) ]6 ,beforc me,
<br /> COUNTY OP HALL �.� � ;
<br /> ihe undersigned,a Notary I'ublic in and(or said County,personally c:�me � � . �'a"'m, � ;
<br /> f: Mars den Garey and Jaculyn J. Garey, each in his and her own right and as spouse of N ''��"
<br /> 0dC�1.Q;�2C1�� wh° dpe Personallykno�mto >
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<br /> mdio'6[tht�dCiltlt�t,�r�wn S w�hose nameS are affixed to the above instrument us mortgagorS and t hey severally J .*
<br /> ackriawled$ed the°Su�intzttument to be the i r �oluntary act and dced. h
<br /> r� �F � � - WITNCS�'my hend and typtarial Seat the dete aCoresaid. .
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