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<br /> � �
<br /> 78-�1Q����
<br /> MORTGAGE
<br /> ' MORTGAGE LOAN N0. �22�9��
<br /> � KNOW ALL MEN BY THESE PRESENTS:That Edward J. Mal oy and Gwendolynne A. Mal oy, each 1 fl Y115
<br /> I dnd her OWII ri ght and dS S pOU52 O'f @dCf7 other Mortgagor,whether one or more,in consideration of the sum of
<br /> ' Forty Five Thousand Six Hundred and iVo/100------------------------------------- �LLA�s ' '
<br /> ' loaned to said mortgagor by The Equitable Building and Loan Association of Grand Isiand,Nebraska,Mortgagee,upon 456 shares of stock of �
<br /> said ASSOCIATION,Certificate No.L 22�9]� ,do hereby grant, comey and mortgage unto the said ASSOCIATION the following
<br /> � described real estate,situated in Hall County,Nebraska: � . - '� .
<br /> LOT TWO (2) IN BLOCK TWO (2) IN WEST BEL AIR
<br /> SECONQ ADQITIQN TO TkE CITY OF GRRND ISLAND,
<br /> ' HALL COUNTY, NEBRASKA.
<br /> � together with all the trnements, hereditaments und appurtenances[hereunto belonging,including attached floor coverings,all window screens, � � �
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories there[o,pumps,stoves,
<br /> rehigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> � And whereas the said mortgagor has agrced and does hcreby agree that the murtgagoc shall and will pay all taxes and assessments levied or ,
<br /> � asaessed upon said premius and upon this mortgage and the bond secqred thereby before the same shall become delinquent;to Fumish approved �
<br /> � insurance upon the buildings on said premises situated in the sum of 5 45 s60�.U� payable to said ASSOCIATION and ro deliver[o said �
<br /> � � . ASSOCIATION the policies for said insurance:and not to commit or permit any waste on or about said premises;
<br /> , In case of defauit in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, � ..
<br /> �on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the �
<br /> ' �mortgagee all the mnts,rovenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> � unpaid;and the mortgagee shall have the power to appoint any agrnt or agents it may desire for the purpox of mpairing said premixs and renting . -
<br /> . the same and coilecting the ronts,revenues and income,and it may pay out of said ineome all expenus of repairing said premises end necessary � � .
<br /> commissions and expenus incurred in renting and managing the same and of collecting rentals thercfrom: the balance remaining,J any,to be � � ..
<br /> � applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such � �
<br /> � defaWt,irrespective of any temporary waiver of the same. . � � :?
<br /> These Presents,however,are upon the Condition,Thai if the said Mortgagor shall repay said loan on or before the maturity of said shazes by
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as intemst and principal on said loan,on or before ..
<br /> � the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage � �
<br /> , and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of�¢5�(��.�� payable � �
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance wi[h interost at � �
<br /> , the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises:keep and comply � � . �
<br /> with all the agreements and conditions of the Bond for 54'rJ�60�.�0 this day given by the said Mortgagor to said ASSOCIATION,and comply .
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION;then theu presents shall become nu4 and void,otherwise they �
<br /> shall remain in full force and may be foreclosed at the opiion of the said ASSOCIAT(ON after failure for three months to make any of said . �
<br /> pxyments or be tluee months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond; - �
<br /> and Mortgagor agrees to have a receiver appoi�ted forthwith in such foreclosure proceedings. �� � � �
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby . . .
<br /> secured shall,at the option of The Equitable BuHding and Loan Association of Grand Island,Nebraska,become immediately due and payable without � �
<br /> further notice,and the amount remaining due under said bond,and any other bond tor any additional advances made thereunder,shall,from the �. � � � �
<br /> date of exerciu of said option,bear interest at the maximum Iegal rate,and[his mortgage may then be foredoud 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 of Grand Island, . � . �.� �
<br /> . . Nebraska for insurance,taxes and assessments,and abstracting extmsion charges, with interest thereon, from date of payment at the ma�cimum . � . � �
<br /> legal rata . � � .
<br /> As provided in the Bond secured hereby,while this mortgage remains in efCect the mortgagee may hereafter advance additional sums to the . �. �
<br /> makers of said Bond,their assigns or successors in interest,which sums shall be within the xcurity of this mortgage the same as the funds originally � � � . . � �
<br /> secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga � .. �
<br /> nat u,;s 1 a8y or January A.D.,i978
<br /> " ��_aG� J � i.s-O -
<br /> i Edward J. Ma �GWendoly' e A. Maloy
<br /> d �
<br /> STATE OF NEBRASKA, � On this �Qth. day of J an uary 1978 ,before me,
<br /> COUNTY OF HALL� - �y'
<br /> the undersigned,a Notary Public in and for said County,personally came y
<br /> � Edward � Maloy and Gwendolynne A. Maloy, each in his and her own right and as s�ouse °
<br /> � af' each other �9hO dre P��n y known to `. � f
<br /> �
<br /> ,��.. � .me to be the identual peraon S whose name 5 are a�xed ro the above instnunent as mortgagor S �d th ey severally +�:: ��
<br /> •.`� acknowled d the asid instrument to be the�r volunta �
<br /> ge ry act and deed. /� +,A
<br /> � � . W1INFSS my hand and Notarial Seal the date aforesaid. ` f , /�e%. . '* ": �
<br /> My Commiaaion expires i/ // '� "
<br /> ��6ENERAL N0T0.RY�State of Nebr. y � � .
<br /> i .
<br /> _� ! Notazy Pu lic
<br /> : w JAMES W.OLSON �
<br /> My Comm:Exp.Bov.12.1979 _ / `Z /y '7�
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