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<br /> 76�03421
<br /> MORTGACE
<br /> MORTCAGE LOAN N0. L ZZ�00 MGI C
<br /> r KNOWALLML'NDYTHFSEPRESENI'S:That Michael L. McWilliams and Veronica C. McWilliams, each 111
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<br /> ' his and her own right and as spouse of each other, Mortgagor,whetheroneormore,inconsideraUonofthesumof
<br /> i ' Twenty-three Thousand Three Hundred and No/100-------------------------------------�cLnas
<br /> loaned to said mortgagor by The Equitable Building and Luan Assaciation of Grand Island,Nebraska,Mortgagee,upon 233 shaces of stock of
<br /> said ASSOCIATION,Certificate No.L 22,2�� MGIG do hereby grant,convey and modgage unto the said ASSOCIATION the following
<br /> described«a!estate,situated in Hall County,Nebraska:
<br /> LOT THREE (3) IN BLOCK TWO (2) IN KOEHLER PLACE, AN
<br /> ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA.
<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached Iloor coverings,ull window screens,
<br /> window shades,blinds,storm windows,awnings,heating,au conditioning,and plumbing and water equipment and acceswries therero,pumps,stoves,
<br /> ; rcfrigerators,and other fixturcs and equipmrnt now or hercaCter attached to or used in connectiun with said real estate.
<br /> And wherea+the said morlgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> assessed upon said premises and upon tlils mortgage and the bond secured thenby be(ore the same shall bewme delinquenr,m furnisii approved
<br /> insurance upon the buildings on said premises situated in the sum o!S 23�3��.0� payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATtON the policies(or said insurance;and not ro wmmit or permit any wasre on or about said premises;
<br /> In cau a(default in the perfortnance oC any ot the terms and wnditions of this nwdgage or the bond secuced hereby,the mortgagee shall,
<br /> on demand,be entiqed lo immediate posseuion of the mortgaged premises and the mortgagor hereby assigns, transfe[s and uts over to [he
<br /> mortgagee all the rents,revenues and income to be derived(rom the mortgaged premises during such tune as the mortgage indebtedness shall rcmain
<br /> � unpaid;and the mortgagee shall have the power ro appoint any agent or agents it may desire for lhe purpose of repairing stid premises and renting
<br /> the same and collecting the rents,rovenues and income,and it may pay uut o(said incume all expenses of repairing said premises and necessary
<br /> commissions and expenses incurred in renting and managing the same nnd o(collecting rentals therefrom;the balance remaining,if any,to 6e
<br /> � applied toward the discharge of said mortgagt indebtedness;these�ights of the mortgagee may be exercised at any time during the existenre oI such . .
<br /> defauit,irrespective of any temporary waiver of the same.
<br /> These Presents,however,are upon the Condition,That if the said Afortgagur shall repay said loan on or be(ore the maturity o(said shatts by
<br /> payment;pay monthly lo said ASSOCIATION of the sum:pecified in the Dond secured hereby as inteeest and principal on said loan,on or beiore
<br /> � the Twentieth day of each and every monlh,until said loan is tully paid;pay xll txxes and assessments levied against said premises and on this Mortgage �
<br /> � - and the Bond secumd thereby,before delinquency:Cumish approved insurence upon the buildings thereon in the sum of 5 Q3�3�Q.QQ Payable
<br /> 4:_ � to said ASSOCIA"f10N;repay to said ASSOCIATION upon domand all money by it paid fur such taxes,assessmenls and insurance with interest ut � �
<br /> � �he maximum legal rate thereon(rom date o(payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> t wilh all Aie agreements and conditiuns of the Bond for S 23+3��.�� �h�s day given by the mid Mortgagor to said ASSOCIATION,and comply
<br /> 3 with all the requirements o(the Constimtion and Byd.aws oC said ASSOCIATION;then these prcxnts shall become null and vuid,otherwiu they
<br /> shall remain in lull torce and tnay be fureclosed a[the optiun of the said ASSOClAT10N after failure (or three months tu make eny of said
<br /> � payments or be three months in arrea�s in making said monlhly payments,or to keep and comply with the agceements and wnditions uC said Bond;
<br /> t� and Mortgagor agrees to have e receiver appointed forthwith in sudt fureclusure proceedings.
<br /> IC there is any change in ownership of the real atate mortgaged hercin,by sale or otherwise,then the rntim remaining indebtedness hereby
<br /> � secumd shall,at 11;e option o(The Equitable Building xnd Loan Aswciation of Grand Island,Nebraska,become immediately due and payable withuut
<br /> further nutice,and tl�e amount remaining due under said bond,and any other bond(or any additional adrances made thercundor,shaU,from the
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be forecloscd to satisfy the amount due on said
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association uC Grand Island,
<br /> { Nebraska!or insurxnce,taxes and assessments,and abstracting extension charges,with interost thereon,from dute o!payment at the maximum
<br /> tegalrate.
<br /> As provided in the Bond ucurcd hereby,while this mortgage mmains in effect the mortgagee may hereaCter advance additionnl sums to the
<br /> rcakers of said Bond,their assigns or succeuors in intemst,which sums shall be within the sewrity o(this murtgage the same as the Cunds originally
<br /> sewmd thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> Dxted this 23P day of June A.D„19 76
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<br /> %C/%c1/�•�. ���,LbY.�+��-� ".'���.��y;' �;. �J:>//;:t'i.;�,�r,_�
<br /> Michael L. McWilliams Ueronica C. McWilliam�
<br /> STAT�OF NEBRASKA,�u On this 23rd �ay�f J une �9 J( ,be(orc me,
<br /> COUN'I'Y OF HALL . I
<br /> � the undersigned,a Notary Public in and(or said Count ,personally came � � �
<br /> Michael L. McWilliams and Ve;ronica C. McWilliams, each in his and her own righ� and as .�cv ''
<br /> spouse other, Wh� dYe permnallyknownro a
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<br /> �, me to �'�de� n 5 whose name 5 dP0 af�xed to the above inslruntenl ns mortgagor S and they uvecaUy �,
<br /> � ackt�pwteJged��Es�iA°ipSCru t to be t��ei r voluntacy act and deed. n� � .
<br /> r1 WIT�my1,¢and and Notaiia!Sea1 the date aforesaid. 1 S�Yf
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<br /> �Yi l�Slf�Qexpires� �� ?,1 . 1`'1l� +` �l I��Ls.a�; _
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<br /> Notary Public
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