|
� . .�i:+::s
<br /> 1 �
<br /> 7fi- ()033"r3
<br /> MORTCAGI
<br /> �fOR7'CAGIi LOAN N0.�_72,199
<br /> i KNOW ALL MEN I3Y THESE PRESENTS:That Lawrence DOU9�d5 McPhi 11 i ps and Jul i a F. McPhi 11 i ps,
<br /> each in his and her own right and as spouse of each other,
<br /> _________Mortgagor_whether one or more_in conside[ation of ihe sum of
<br /> Twenty-one Thousand and No/100------------- i>o�[.aas
<br /> loaned lo said mortgagor by The Equita6le Ouilding and I.oan Association of Crand Island,Nebraska,Alortgagee,upon Z�� shares o(sWck of .
<br /> said ASSOCIATION,Certificate No.L2P,199 ,do hereby grnnt,cunvcy and mortgage unro the said ASSOCfATION the following
<br /> described real estate,si�uated in Hall County,Nebraska:
<br /> LOT THREE (3) IMPERIAL VILLAGE THIRD
<br /> SUBDIVISION, CITY OF GRAND ISLAND,
<br /> HALL COUNTY, NEBRASKA.
<br /> . together wilh all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens, �
<br /> window shades,blinds,sturm Windows,awnings,heating,air condilioning,and plumbing and water equipment and acce:sories tl�ereto,pumps,sroves,
<br /> . refrigerators,and other fixtures and eyuipment now ur hereafter attached to or used in connectiun with said real estate.
<br /> And whereas tl�e said mortgagor has agreed and does hereby agree that lhe mortgagoc shall and will pay all taxes anJ assessments levied or �
<br /> g ��- assessed upon sxid premises and upon this mortgage and the bond secu[ed thece6y before the same shall become delinquent;to furnish approved
<br /> insueance upon die buildings on said pmmises siwated in qie sum of S z��QQQ.QQ payable lo said ASSOCIATION anS lo deliver lo said
<br /> ASSOCIATION lhe policies(or said insurance;and nol�o commit ur permit any waste on or a6out said premises; .
<br /> �. In case o(default in the pe�formunce of any ut the terms and conditions uf this mortgage or the bond ucuced hereby,the mortgagee shall,
<br /> �. �: un demand,6e entitled to immediate possession of Ihe morlgaged premises and the mortgagor hereby assigns, transfers and sets over to the � _
<br /> . mortgagee all the rents,revenues and income ro be derived fmm the mortgaged premises during such time as the moregage indebtedness shall remain
<br /> � unpaid:and thc murtgagee shall have thc power tu appoint any agent ur agents it may desire for the purpose oC repairing said pmmises and renling
<br /> the same and collecting the rents,cevenues and income,and it may pay out of said income all expenses of repairing suid premises xnd necessary
<br /> commissiuns and expenses incurred in renting and managing lhe same anS o(collecting rentals therofrom;the balance rcmaining,if any,l0 6e
<br /> � applied toward the discharge af said mortgage indebtedness;Ihese rights of the mortgagee may be exercised at any time during[he existrnct of such �
<br /> , dzfault,irrespective of any temporary waiver o(thc same.
<br /> These Prrsents,however,are upun thc Condition,That i(the s�id A1urtgagur shall cepay said loan on or before die maturity of said shares by
<br /> � payment;pay monihly ro said ASSOCIATION o(the sum specitied in the Bund sacured hereby as interest and principal on said loan,on or 6e(ore �
<br /> the TweNieth day of eech and every month,until said loan is fully paid;pay all iaxes und assessments levied against said premises and un this�fortgage
<br /> . and the Bond secured thereby,be(ore deliny�ency;lumieh approved insurance upon the buildings thereun in tl�e sum uC S 2�,��Q.Q� p�yable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upun demand all muney by it paid for such taxes,assessments und insurance with inrercst at ,
<br /> ' the maximum legal rate tl�ereon(mm dute u!payment all o(which!vlortgagor hereby agrees to pay;permi�no waste on said premises;kaep and comply
<br /> - with all d�r agreements und conditions of the pond for 5 2� OOO.00 �his day giren by the said Mortgagor to said ASSUClATION,nnd comply
<br /> � with all lhe reyuirements uf the Cunstitution and ByLaws ol�said ASSOCIATIUN;then these prcsents shall become null xnd voiJ,othenvise tliey
<br /> � � sh�ll remain in full force and m�y be fureclosed at the op�iun of the s�id ASSOCIATION atter lailure fur three months w make any of said
<br /> Y p:�yments or be duee munths in errears in making said monthly puymenls,ur tu keep and comply with the agrcemants and cunditions of said BunJ;
<br /> ti. � and Morigagor�grees to have a receiver appoinled furthwith in such foredosure proceedings.
<br /> � If ihere is any change in uwnership o(thc reul estate mortgaged heain,by sale or othcrwisr,then the entire remaining indebteJness hercby
<br /> sr.cured shall,at the uption of The Equitable BuilJing anJ Luan Aswciation of Grand Islxnd,Nebraska,become immediately due und payable withuut
<br /> further nutice,and the umuunt rcmaining due under said bond,and any ulher bond for any additional advances mxde thereunder,shall,(rum the
<br /> . date of exercise of said option,6ear iNerest a�the maximum Icgal rate,and this mortgage mny then 6e(umdosed to satisfy the amount due on said
<br /> bond,and any other bund fur addilional advances,together with all sums paid by said'Che Hyuitable Duilding nnd Loan Association u(Grand Isl:uid,
<br /> Y Nebraska(or insurance,laxes and nnessmenls,and abstracting extension charges,with interest thercon, frum dute uf payment :�l lhe maximum
<br /> legal rate.
<br /> As provided in the Bund secured hereby,while this mungage remains in e((ect the mortg;�gee may herealter advance additiunal sums lo lhe
<br /> : makers o(said Dond,Iheic assigns or sucttssurs in interest,which smns sh�ll be within the security of this murtgage the sama as the Cunds originally
<br /> � secured thereby,the lotal amounl o(principal debt not lo cxceeJ at any�ime the original amount o(t{us mortgaga �
<br /> o�« ��: 23rd ( a�y�c June A.D.,1`J 76
<br /> � ,
<br /> �.�'7
<br /> � �,a ��<� ���ili,- ,f:�;�':��
<br /> amence oug c i i ps u�a , c i i ps -
<br /> STATL'OP NEBRASKA,�ss. On this 23rd ��Y�� June I') ]( ,be(om me,
<br /> � COUNTY OF HALL j
<br /> �i Undersigned, Natury Pyblic in and for said County,personally ume �
<br /> Lawrence Douglas McPhillips and Julia F. 14cPhi��lips, eac�i in his
<br /> and her OWI7 right �nd as��po� � each other �'h0 dl'2 persvnallyknvwnto h
<br /> � � - � �°;?`, �
<br /> me to be lhe idenlical person S '3wF�d�ie tytttm, . �� affixed lo the above instrument as mongagor S and they seeerally
<br /> cf
<br /> acknowledged the said instrumenl�}q�bt <>�he'1 1'``.Yo}�n�8ry acl and deed. /l h "
<br /> \67TNESS my�nd aGdTlo/y�}pal&enl di6 dat�"�foresaid. / � �'' �
<br /> �tyCommissio�expites�..�f . . '�/„��b ( � � �� - -. �
<br />?� ,;` iJE'L�� ��i: i�- /��1" �+ � �.
<br />,;,�. : '� Notary Public
<br />�� 3732M '• � !"�
<br /> j �' '`` I i L ,>
<br />,�. � . .. - - � �
<br /> �
<br />=�
<br /> �
<br /> A
<br />
|