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<br /> AtORTCAGB
<br /> MOR'fCAGI:LOAN N0._L 22,358 MGI C
<br /> KNOWALLMENUYTHLSCPRGSGNTS:That David Joe McMullen and Debra J. McMullen, each in his and
<br /> � her own right and as spouse of each other,
<br /> � ________Murtgogor,whetlier one ur more,in considcratlon of the sum oF
<br /> Twenty Thousand Seven Hundred and No/100---- --"""""' »o;LAas
<br /> luaned to said mortgagor by The Gquitable[luilding and Luan Association of Grand Island,Nebraska,Mortgagee,upon Z�� shures o(stock of
<br /> said ASSOCIAT[ON,Certificate No.L 22.35$ MGIC,do hrreby grant,couvey und mortgage unto the said ASSOGATION the following
<br /> Jescribed real estate,siluated in Hall County,Nebraskv:
<br /> LOT ONE (1) IN BLOCK ONE (1) IN H. BREMER'S SUBDIVISION,
<br /> l3EING A RE-SUBDIVISION Of THE W. 55 FEE7 OF LOT 3 AND ALL
<br /> OF LOTS 4, 5, AND 6 AND THE EAST 16 FEET OF LOT 7 AND THE
<br /> WEST 44 FEET OF LOT 8, AND ALL OF LOTS 9, 10,11 AND 12 OF
<br /> BLOCK ONE (:1) OF FIRST ARTISTIC HOMES ADDITION TO THE CITY
<br /> ` a OF GRAND ISLAND, NEBRASKA
<br /> s' A
<br /> togethec witfi all tl�c tenemenls,heredituments and appurtenances thereunlo helonging,including auached 17oor coverings,all window screens,
<br /> window shades,blinds,storm��inJows,awnings,heating,�ir cunditioning,and plumbing und waterequipment and accessories thercto,pumps,seoves,
<br /> � refrigeraiors,and uther lixtures and eyuipmcnt now or here�ftcr attached to ur used in ronnectiun with said reul estate.
<br /> ; a And whcreas Ux said mortgagor has agrccd and dues hereby agrec thu� the mongagor shyll und will pay all taxcs and assessments Icvied or
<br /> assessed upon svid pcemises and upon this murtgaFe and tl�e bond securcd thereby be(ure the same shail become detinquent;tu fumish approved
<br /> insurance upon thc buildings on said pretnises siluated in the swn o(S 2��]Q�.�Q pa)'able to said ASSOCIATION and to deliver to said � � �. �
<br /> ASSOCIATION thc policics for said insu�ancc;and not to commit or permit any waste on ur about said premius,
<br /> In case of de(ault in tl�e ped�onnance o(any uf lhe tenns and cunditions of this mongage or the bond secured htreby,lhe mortgaget shall, - �, �
<br /> on demund,he cntided�o immediate pusse:sion uf the morlgagcJ premises and the morigagor hereby assigns, iransfers and sets uver �o the � � � . �
<br /> � } m�rtgagee all lhe rents,revenues and income tu be dcrived from Ihe morlgaged premisa during sud�time as the nrortgago indebtedness shall remain � . . � .
<br /> unpaid;and ihe tnurtgagee shaH Lave the puwer to appoint any agent or agents it may dcsire for the purpose ot repairing said premises a�id ren[ing � � .
<br /> the same and wllecting the renis,revenues and income,and it may pay uut of said income all expenses of repairing said premises and necessary
<br /> commissions and expenses incurreJ in rcnting and managing ihe same and o(collecting rentals therefrom:the balance remaining,if any,to be � � � -� � ��
<br /> s applied towarJ the discharge of suid mortgage indebtedness;d�ese rights o(Uic mortgagec may be exerciud at uny time during Ihe existence of such
<br /> def�ult,irrespectirr oC�ny�empurary waiver u(the same. -
<br /> ��- Theu PreseNs,huwcver,are upun the Cundition,Thal if the said t�turtgagor shall repay said loan on ur be(ure the maturity o(said shares by � . � �
<br /> payment;pay munthly to said ASSOCIATIO�of the sum speci(ied in the Bond securcd he�eby as inierest and principal on said loan,on ur beCore �
<br /> the Twentieth day uf each and every month,until said loan is(ully paid;pay all taxes anJ assessments levied against said premises and un ihis�lorlgage � - � �
<br /> and thr Bond srwre�themby,befure delinyuency;(umish uppruved insurance upon�he builJings lhercon in the sum of S ZQ�]QQ.QQ P�Y���� � .�. �
<br /> �o said ASSOCIATION;repay tu said ASSO(:IA'I�IpN upun demand all muney by it paid for such tuxes,assessments and insurance with intemst at � �
<br /> the maximwn legal rale thercun Gom Jate o(paymcnt�II uf which�turigagor hereby agrees to p�y:permit nu waste on said premixs;keep and comply
<br /> v with all the agrecmcnts and conditions of thc 13ond for S 20�]OO.00����s'Jay given 6y the said�1or�gagor N saiJ ASSOCIATION,and comply �
<br /> 'i with all thc requircmenls of the Conslilulion and[lyLaws of said ASSOCIATION;then these presents shall become null and void,uthenvix they �
<br /> shall remain in full furce and may be furrclosed�t the option of the s�iJ ASSOCIA710N after failure for three munths to make any uf said . �
<br /> �- paymenls ur be three mun�hs in arrears in making s;iiJ monthly payments,ar lo keep and cumply wilh the agmemenls and ronditions of said Itond;
<br /> �nd lfortgagor agrccs to have a receivcr appuintcd fbrth�cith in such foreclusure procecdings. .
<br /> �,� ' If lhc�e is any change in uwnership uf lhc real esm�c mortgaged herein,by sale m od�envise,then thc entire rcmaining indebtedness hereby
<br /> secured shall,al Ihe opliun of 7'he Eiquitable Duilding and Luan Assuciatimi of Grand Island,Nebrask�,bewnte immediately due�nd payable witlwut
<br /> furiher notice,and Ihe amoun[remaining'due under said bond,and mry other bond for any�dditional aSvanees nmJe thereunder,shall,frum the
<br /> date of exercise of said option,bear inlerest ut the maximum legal rale,and this murtgage may dien be forcclused lo satisfy the amount due un said
<br /> ; bund,and any other bond(or additional udvances,togethcr with all sums paiJ by said The Iiquitable Building and Loan Associatiun uf Grand Island,
<br /> Nebrask�for insurance,taxes und asussments,nnd abs(racling extensiun charges,wilh inlerest thoreon,from date o(payment at the maximum .
<br /> � ' legalralc.
<br /> � As pwvidrd in Ihe Oond securrd hcreby,while Ihis mortgage mmains in effect�he mortgagte may hercafter advance additional sums to the
<br /> `S,� m� rs of said lland,their assigns or suceeuors in inteust,which swns sltall be within the security of Ihis martguge the same as the(unds originally
<br /> cur thcreby,Ihe total amounl of principxl debt nut to excecd al any time�he uriginal amount o(this morlqage.
<br /> �; , ���ach;s 30th �,y ,���1 September �.o..i�76
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<br /> ( 4�f_-d�-�-s �l�U �`� /, , I ` \ y;�GC�", > —
<br /> avi d Joe M 11 en D—eTra . c u en
<br /> STAT80fNEBItASKA, ss. Onthis 30th ��y�( September �)�6 ,be(uremo,
<br /> COUNTY OF f1ALL� :, (.,�x,
<br /> the undersignod,a Notary Public in�n for saiJ Counly, ersonally ie � - r .,
<br /> David Joe McMullen and Debra J. McMullen, each in his and her own rig�t and as s�ouse o`�" " N ,;:
<br /> BdCh other,,�� - N'�1O are p«sonallyknownto � y
<br /> � . -�.�.:�.. • 0:
<br /> mc to be the identical perum� wliose name S dre a(flxcd tu the abuve instrument as murtgagor S �nd they severally „�
<br /> acknowledged the said instrumrnt to 6e the11': voluntnry act and deed. f`'�'�'
<br />-' 1VITNESSmy lixnd and N riLl Scal thc datc afures:fid. ; , 1,��
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<br /> : Dty Commission expires���L 7, ��7(, �/��i� ry •�C/L�/l[.�:G�
<br /> aa.xnt xi Notary Pu61ic
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