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<br /> ��ox•rcncr:i.o���.no. L22,256 t1GIC
<br /> � KN01V ALL AfGN IlY TI1GSt:PRIiSI;NTS:That Gary L. McCoy, a s i ngl e pet~Part
<br /> Aturlgugor,whethcr one or mure,in considera[ion uf Ihe sum of
<br /> Twentv-three Thousand Four Hundred dtld NO/IOO--------_----------------------------DOLLARS
<br /> loaned lo said morlgagur by The F.quilable Building and Loan Association of Grand Islend,�e6raska,Alongagee,upon 234 shares of stock oC
<br /> said ASSOCIATION,Cer�ificete No.L22�256 MGIC ,��hereby gram,cunvey and mortgage unto the said ASSOCtAT10N the following
<br /> described real estate,si�ua[ed in liall County,�ebraska:
<br /> A TRACT OF LAND DESCRIBED AS Commencing at a point on the south line of First Street in the
<br /> City of Grand Island, Nebraska, at a point Eighty six feet easterly from the rorth�vesterly
<br /> corner of fractional Lot One(1) in Fractional Block Twenty One(21) of Palmer's Subdivision
<br /> of Lot Seven (7) of the County Subdivision of the Southeast Quarter (SEa) of the Southwest
<br /> Quarter (SW;) of Section Sixteen (16), Township Eleven(11) North, Range Nine (9) Running
<br /> thence southeasterly parallel with the Westerly line of said Lot One (1) one hundred thirty
<br /> two (132) feet to the northerly alley line betw?en first and Division Streets, thence
<br /> northeasterly a}�ng the northerly line of said alley forty three (43) feet more or less,
<br /> to a point eighteen (18) Feet westerly from the Southeasterly corner of Lot "A" of Elm
<br /> Place Addition, thence Northwesterly parallel with the easterly line of said Lot "A" One
<br /> Hundred and thirty two (13Z) feet to the southerly line of First Street, thence south-
<br /> ' tvesterly along the south line of First Street, forty three (43) feet more or less, to the
<br /> Y real place of Beginning.
<br /> toge�her a-ith all ihe �enement�,hareditaments and appurtenances�hercuntu beluuginp,iucluding attached tluur cuvenngs.nll H�indow screens,
<br /> window shades,blinJs,stmm«�induws,awnings,heating,ai�cunditioning,and plumbine und�catereyuipmznt and�ccessories thercto,pumps,stoces,
<br /> relrigerators,and odier lixtures:md eyuipment noa�or herealter attached to or used in cumicctiun with said real estate.
<br /> And whereas the said morigagor ha�agrecd and does hcrrby ag�ee that the mongagw siiall and will pay all taxes and assessments levied or
<br /> assessed upon said�remises and upon this mortEage and the bond srcured thereby beiore the same sliall berome delinyuent;[o IurnisL appruved
<br /> insuranct up�m thc buildings on said premists si�u�ted in�he sum of 5 Z3�4��.�� pa)'able Io said ASSOCL�TION �nd ro deliver tu s�id
<br /> � ASSOC.IATION tl�e policies fur said insur�nce:and noi tu cummit or pennit any�.vaste un ur about s:+id premises;
<br /> ' � In case of delault in the performance of any i�f the tenns and condiiions uf this mortgage ur the bond recured hereby,the�oor�gagre shall,
<br /> � on d�maud,be entitled to immediatc posscssion uf thc murtg�ecd premiscs �nd the uwngagor h�re6y essiens, t�anslcrs and sets uver to the
<br /> murtgagee all the rents,�evenucs and income tu be Jeri��ed from the mongaged prcmises Jurinc such time as the mortgaee indebtadness shall rcmain
<br /> unpaid;and ihe murigagce sh�ll hace the puwrr to appoint any aeem ur��ents it ma��Jesire fbr ihe purpusc of repairing said premises and�enline
<br /> ihe s�me and coileciing die rents,revenues�nd income,and it may p�y uut ol's�iJ income JII :X�CI:SCS of repairing vid premises and neeessary
<br /> CUfI1fI1IS5111115:111(�C%�l'i1SCS IIICtIfIC�117 fClllllly�fl�IItifIB�CIIIE flll'S:IfI:C:lill� i��IU��CCIIII�: Il•IlI:1�S tittre(rom: tiie h3�311C1'f2ITl3IfllI1�',Ii 3f11'�f0�t
<br /> applied iou•ard Ihe discha�ge nC said mortgace inde6tedness:thesr richts ul the nwng�eee may be exrrcised a[any time during the existence of such
<br /> default,irrespec�ive of any temouran•wairer of the same.
<br /> Thex Prescros,howevcr.a«upon the Condition.'ih�t if tlic said\turt�:�gur shall repay said lo�n un ur betore�he m�writy uf said shares by
<br /> payment:pac monthly tu said ASSOCIATIOV of tht sum specifitd in the Bund secured hetebe as interest and principal on saiS luan.un or before
<br /> thc"!«'emietl�day uf eadi and crcr}�mumh.until said I�ian is(ully paid:p�}�all tazas and asscssments levied�gainst said premises and on this\lortgage
<br /> �nd the Uond securecl tl�ercby,befo�e delinyuency:lumish appruved insu�ance upun che buildings thrreon i�t the sum oi S 23 400 0n ��>����`
<br /> to said ASSO('I:\TIOV:rep�y to caid ASSOCIA710\upon dcmand all ntunev bv it paid(ur sueh taxes,assessments and msJranec w�iTi interest at
<br /> Ihe maximum�eg�l raic the�eon Irom d��e u(payment all ui which 1luneaeur hercUy ag�res w pay:permit no waste on said premises:kcep and cumply
<br /> �cith all the agreemems and condi[ioiu o(�he Rund(ur S �3�400.QQ this day glcen by the s�id�turtgagur tu said.15SOCtAT10ti,and cumply
<br /> �eith all ihe reyuirements of�he Cbnvitution and lly�Laws ot said ASSUC'L\170N;then ihese presauts shall bacume null and vuid,uthenvise they
<br /> � shall remain in full lurce�nd may he iureclosrd at d�e uption ul the said :\SSOCIA"iIOV alrer iailure fur three muntl�s to rnake anq of said
<br /> p;rynunts ur Ill'IIIIrC I11Uf1iI1S 111 JtfCdIS IIl IllB{:IIIE S71(I I0011lIIIY�d}'II1C1115.Uf�U kecp and CUIP(7IV 1YIlI7 Illl'J{;ICCIi1CI1lS;IOII conditions ot said t3ond:
<br /> and 11orlgagor agrees to have a«cen�cr appomted furthwi�h in such fureclusuri prutecdines.
<br /> If therc is any change in ownersltip of thc rcal c�iatc mortgagcd hcrein,by sale ur uthcnvise,then the entirc�emaining indebtedness hcraby
<br /> securcd shall,at the eplion uf Tht kiyuitable Buildinq and Loan,lssuciation uf G�and Isl�nd,Nebraska,become immediately due and p�pable without
<br /> further nmice,anJ the amuunt rcmaininp due undcr s�id bond,and any uther bond(or any additional ad�ances made thereunder,shall,from the
<br /> 4 date uf ezercix of said option.bear interest�t the maximum Icgvl iate,and this nrortcage may�hrn be fureclusrd to satisCy ihe amount due on said
<br /> h00(I.BpII Jp1'UII1Cf I10111I�Uf 3fIlIlI1008I:l(IY�fll'CS,lU�;l'llll'f R'IIII 8II SIII115�J:IIII L1l'S:IIII T IIC Lt�p1l8�IC HUII(SIII�;SR(I LU;1I7 ASSUC12llOI1 0�Gl�ftd ISI3f1lI.
<br /> �VChfBS}:J Il)f IIISIIf�fll'C,IJCI'ti JIIII:lSSCSSfill'il(S,;1IIlI;I�Si�:il'IIII�;Ca(l`IISIOfI CI18fF1'S.\VI[Il IIl[ifCSl [�ICfI'Ofl, If0IT1 �BIC U� (11\'fii[f:I at the maximum
<br /> �l�:l�f:llC.
<br /> As pruviJed in the Bund secured hereby,�vhile this mortgage rcm;iins in cllic� the murtgagee may hereai�er zJvance additionnl sums ro the
<br /> makers u(s�id f3ond.their assigns ur successe�rs In interest,which sums shall he within the sacurity of this murtgage the satne as the lunds'originnlly
<br /> ucured the«by,the intal amount uf princip�l Aebt nut tu esceed at any time ihe uriginal amount ui this murtgage.
<br /> n�c�a e��s v26th ��y�,r July ,�.n..�� 76
<br /> �cujl ;p1/�"I`���1
<br /> Ga ry�Mc Coy ��---
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<br /> STATE OF NEBRASKA.�ss. On tliis 26th day of July 19]( ,be(ore me,
<br /> COUN'I Y OP i IALL ;
<br /> the imdersigned,a Notan�Public in and lbr s�id Caunty,pzrson�lly came
<br /> Gary L. McCoy, a single pe�uz��•��-- N �
<br /> .6'ssii�t� whu 1 S perwnally know�n to y '.
<br /> �i�t• G!�p��,2p �
<br />� L me lo be the identical persun wliosc nam4' ��i`s . ,. ftt�c�j�o the aboce instmment as murt a�or and hC �
<br /> w'�• '�1 E�!'�'•• 't�I K 6 . X`k'ft'R�k d
<br />�� acknowledged tl�e said instrument to be . ��;V��untaiy�7cl'���d, � -
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<br /> 15'ITNf;SS my hand end Not i�i Shc d�d�«Ym�sanl. �� /
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