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<br /> MORTGACti
<br /> 6tORTGAGliL0ANN0. � ZZ,��$ ���I�
<br /> (�` KNOWALLMLNOY7HGSIiPRLSENTS:That Martin R. Taylor and Judith Ann Taylor, each in his and
<br /> i i her own right and as spouse of each other,
<br /> Murtgagor,whether one or more,in wnsideration of[he sum of
<br /> � Twenty-two Thousand Nine Hundred Fifty dlld NO��OO----------------------------------DOLLARS
<br /> loaned to said morigagor by The Gquitable Building and Lu�n Association of Crand IslanJ,Nebraska,hlortgagee,upon 229 shares oP stuck of
<br /> � said ASSOC►ATION,Certificate No.L 22���$ MGI C��hereby grant,com•cy and mortgage unto the said ASSOC(ATION the following . �
<br /> � described real estate,situated in Hall County,Nebraska: � - .
<br /> LOT THREE (3) AND THE EASTERLY THREE AND EIGHT
<br /> TENTHS FEET (3.8'� OF LOT FOUR (4) ALL IN BLOCK
<br /> TWENTY ONE (21) FAIR VIEW PARK ADDITION TO THE
<br /> CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> �. ioge�her wid� all the tenements,hereditaments and appunenances dureunto belonging,including aitached iloor cuverings,all window screens, �
<br /> window shades,blinds,storm winduws,�wnings,heating,air conditioning,and plumbing and eater eyuipment and acaswries thereto,pumps,stoves,
<br /> � «frigerators,and other fixture�and equipment nuw or hereaher attached tu or used in connectiun with said real estate. . �
<br /> And whereas the said murtgagor h�s agreed and does hcreby agrce that thr mu;tgagor shall and will pay aIl taxes and asussments levied or �
<br /> �� asscssed upun said premius anJ upun this mongage and the bond secured thereby 6r(ore die same shall become delinquent:to furnish approved � �
<br /> . insurance upon the buildings un said premises siivated in the sum oC S 22,950.00 p�yable W said ASSOCIA'f10N and to deliver to s�id �
<br /> . ASSOCIATION the policies(or said insurance;and not to commit or permit any waste on or abou�said premises. �
<br /> � L�case o(delault in Nie performance uf any uf the terms and cunditions uf this mongage or the bond secumd hereby,tlie mortgagee shall, �
<br /> on demand,bc entiticd tu immediatc possession of the murtgaged premises and the mongugor hereby assigns, lransfers and sets over to thc
<br /> �. murtgagee all the rents,revenues and income tu be deri��ed fwm the mortguged pmmises during sech time as the murtgage indebtedness shall remain
<br /> unpaid;anJ Uie mortgagee shall havr the power to appoint any aErnt ur agems it may desim for ihe purpose of repairing said premises and renting
<br /> , the same and collecting the rents,re�•enucs and income,and it may pay out o(s:iid income sll expenses of repairing said premises and necessary
<br /> � cummissions nnd ezpenus incurred in renting and managing the mme and u(collecting mntats thorc(rom; Ihe balance remaining,if any,tu 6e � �
<br /> �. applied toward ihc Jischarge of said mortgage indebteJness;these rights of the murtcagee may be exercised�t anv time during the existence o(such
<br /> default,irrespective o(any iempurary waiver o(the same.
<br /> These Prcxnts,huwaver,are upon thc Condition,That iC the said\longagur stull repuy said loan on or before the maturity uf said shnres by
<br /> � payment;pay man�hly to s�id ASSOCIATION of the sum sprciGed in ihe 13ond secured hereby as in[crest enJ principal on said laxn,un or before .
<br /> �t�e 7'e'entieth day of each and evcp�mond�,uniil said lu�n is 1'ully p�iJ;pay aII taxes and�ssessments Icvied aeainst said premises and on this Dfortgage .
<br /> " � and the Bond ucureJ�hereby,be(ure drlinyuencp:timush approved insucance upon the buildings thereon in ihe sum of S 22,950.00 payable . � .
<br /> to s;iid ASSOCIA'IIO\:repay to s�id ASSOCIATION upon demand all money by it paid for such tases,a�sessments and insurance with inlerest at
<br /> ' the maximum legal ra�e thereon from ds�e o(p�yment all of wliich�fortgagor hereby�grees tu pay;permit no waste un said premises;keep and mmply
<br /> wilh all the agrcemenls�nd cnnditiuns of the[3ond for S 29 9 (� (� �his day gicen by ihe said!�tu�tgagor to�aid ASSOCIATION,and comply - �
<br /> . with a11 the«yuirements of the Constitution anJ By�-Laws ofs°ai�TSSU�lATION;then these prcsents ehall becmne null and��oid,utherwise they
<br /> shall remain in full force�nd m�y be furcclosrd at the option u(�he said ASSOCIATION after f�ilure 1'ur three munths to make any of said .
<br /> paymcnts or be three munths in arrears in making s�id momhly payments,ur to ke�p and cumply w•ith the agreements and conditions uf taid Dund; .
<br /> and t�lortgagur agrces io have a receiver appointed funhwi�h in such lureclusu�e proceedings.
<br /> If there is�ny changr in ownership of the re�l estate mortgaged herein,by sale ur olherwise,then the entire remaining indebtedness hereby
<br /> xcured il�all,ai the option o(Thr Equiiable Iiuilding and Loan Associ�tion of Crand Island,Nebrasl:a,become immediately due anSpayable without
<br /> - further noiice,and the amount �emaining due under s�id bond,and any other bond fur any additiunal advancee mude thercunder,shall,(rom the
<br /> date of esrrcisc o(said uptiun,bear in�crest�t the maximum leg�l rate,and this mortgagc rosy then be foreclosed to satisfy the amount due on said
<br /> bonJ,:�nd any uther bond(or additiunal advances,together with all sums paid 6y said The Equitable Building and Loan Association oC Grand Islxnd,
<br /> I.ebraska for insurance,taxes and asxssments,and abstracting rxtrnsion ciiargrs,with interest [heceon, frum date o(payment at !he maximum
<br /> Icgal ralc.
<br /> , As provided in�he Bond secured hereby,�vhile this murtgage remains in eifec[the mortgagee may herea(ter advance adJitional smns to the
<br /> m�kers uf said I3ond,their assigns ur suceessort in inlerest,which sums shall be within the security of this murtgage the same as Ihe funds ori�inally �
<br /> ucured thereby,the total amount uf principal debt nut to exceed at any time the original amount uf this mortgage.
<br /> � atcd i�is - �� day of June A.D..19�6
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<br /> � ►'tl ,R.� ��0�` — �`�,�..
<br /> � ,�-,_
<br /> u ith Ann Taylor
<br /> STATFy OF NEBRASKA.�ss. On this da of 19
<br /> COUNTYOFHALL 15th v June �6 ,be(areme, �
<br /> .r�.d .
<br /> . . _ ,�;>' �.
<br /> the undersigned,a Notary Fublic in and fur said County,personally�me � �-� '�y '
<br /> t4artin R. TAylor and Judith Ann Taylor, each in his and her own right�,i,� «So�au k�oW��� � .,'
<br /> � .�...and as,spouse of each other are �'' >' ., _
<br /> N C 'cal person S w�hose name S aflixed ro the above instrument as mortgagor S and the severally � ;
<br /> �(Cn`��;If�{pq�l����instrument to be thei r �'��lunt�ry act and deed. y � �
<br />' �S�y S q µ�T�iSS my hand and Notari�l Seal U�c datc aforesaid.
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