|
� �
<br /> 78-= ��J�338
<br /> MORTGAGE
<br /> ' MOR'CGAGE LOAN NO. �- 22 a 97$
<br />� KNOWALLMENBYTHESEPRESENTS:That RussellW. �'Neill and Josephine L. 0'Neill, each in his
<br /> and her own right and Michael J. 0'Neill and June M. 0'Neill, each in his and her own right,
<br /> d/b/a/ 0'Neill Construction Company
<br /> I Mortgagor,whether one or more,in consideration of the sum of ,
<br /> ' Twenty Eight Thousand and No/100------------------ ------- DpLLAxs
<br /> loaned to said mortgagor by The Equitable Building and Loan Auociation of Grand Island,Nebraska,Mortgagee,upon 2$� shares of stock of � -
<br /> said ASSOCIATION,Certificate No.L 22 s 97$ ,do heroby grant, convey and mortgage unto the said ASSOCIATION the following � ��
<br /> � described real estate,situated in Hall County,Nebraska: � -� � � �
<br /> , LOT SEVEN (7) IN 0'NEILL SECOND SUBDIVISION
<br /> IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached ftoor coverings,all window urerns, � .
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipmrnt and accessories themto,pumps,stoves, � � .
<br /> refrigerators,and other fixturcs and equipment now or hereafter attached to or used in wnnection with said real estate. � �
<br /> And whereas the said mortgagor has agreed and does hereby agrce that the mortgagor shall and will pay all taxes and assessments levied or .� � . �
<br /> assessed upon said premises and upon this mortgage and the bond secuFed thereby before the same shall become delinqurnt;to furnish approved � �� � � ��
<br /> insurance upon the buildings on said premises situated in the sum of S Q$�QQQ.QQ payable to said ASSOCIATION and [o deliver to said � . �
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said precnius; �
<br /> . In case of deCault 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 renis,revenues and income to be derived Crom the mortgaged premises during such time as the mortgage indebtedness shall remain �
<br /> � unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premius and renting � . . .
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income all expenses oC repairing said premises and necessary � � �
<br /> commissions and expenses inwrred in renting and managing the same and of coUecting rentals therefrom; the balance remaining,if any,to be �� � . � �
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exerciud at any time during the exis[ence of such � � � '
<br /> default,irrespective of nny temporary waiver of the sama . � �
<br /> These Presents,however,are upon the Condition,That iC the said Mortgagor shall repay said loan on or beforo the maturity of said shares by � �
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before � � � � . �
<br /> the Twentieth day of each and every month,un[il said loan is fully paid;pay all taxes and azussments levied against said premius and on this Mortgage � � ,
<br />` and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of 5 28s0�0•�� payable
<br /> ito said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at � �. .
<br /> the maximum legal rate thereon from date of payment all ot which Mortgegor hereby agrees to pay;permit no waste on said premises;keep and comply �� - � � � � �� �
<br /> with all the agreements and conditions of the Bond for$2$����.00 this day given by the said Mortgagor to said qSSOC1AT10N,and comply � .
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION;then these presents shall become null and void,otherwise they � � � � ..
<br /> shall rcmain in full force and may be foreclosed at the op[ion of the said ASSOCIATION after failure for three months to make any of said � . � � � . .
<br /> payments or be three 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 ro have a receiver appointed forthwith in such foreclosure proceedings. . � -
<br /> if there is any change in ownership of the nal estate mortgaged herein, by sale or otherwise,thea the entire remaining indebtedness hereby �
<br /> secured shail,at the option of The Equitable Building and Loan Association of Crand[sland,Nebraska,become immediately due and payable without � � �
<br /> further notice,and the amount remaining due under said bond,and any other bond for any additional advances made theroundez,shall,from the � � � .. -
<br /> date o(exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be forcelosed to sa[isfy the amount due on said �
<br /> bond,and any other bond Cor additional advances,together with all sums paid by said The Equitable Building and Loan Associa[ion oCGrand I�land, � � � � .
<br />� Nebraska for inrurance,taxes and assessmrnts,and abstracting extension charges, with intemst thereon,from date of payment at the maximum � �
<br /> legal rata . .
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafrer advance additional sums to the ' � � � .
<br /> I - makers of said Bond,the'v assigns or suceessors in interest,which sums shall be within the security of this mortgage the same as the funds originally � � ..
<br />'r � secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga . �.
<br /> neced cn�: 17t 1day F JanuarY A.D.,�v $
<br />� � � � � -� � ' ` ` � �
<br />, • sse'll Ll. 'Neill . �' ael J. ' ei 1 �
<br /> sephi e 1.: 0' ei1 e . 0'N ill
<br /> STATE OF NEBRASKA;t� On this 1�tF1 �y of �dllUdY'y 1978 ,before me, � .
<br /> COUNTY OF HALL j c='
<br /> R ssell�i. 0'N i]1 and Jos�phine L_ 0'Nei11, e��p"{`I�"N'f�`a t ,�biicinandfr�; c � u
<br /> i an� Ju '�eill, each in his and her own right, d/b/a�O�iYe�i11°�o���Ruc�ion����e�����e7�� r ' �
<br /> MclE are ae��f��YaWn to
<br /> f
<br /> �j�gid/a�q��i n 5 whose name S dT'2 affixed to the above instrument as mortgagor S and theJ/ severally
<br /> � dcnp��ged Uu'��L ina mt to be thei r vo�mtary act and deed. ; "�� ? �
<br /> „n�, P!OTkRY�i T� Y�nd and Notarisl Sesl the date aforosaid. �` ,,,,,�, _ ".°'
<br /> �'J�, � .'i'� (�7� ��j � R�--LA�
<br /> � �,i.yNy Cd 'on expires � ��'�
<br /> r-
<br /> . . � '.�GG. 91:9�;:�Q, ' NotaryPublic
<br /> • cjo
<br /> �FOF N�`��� �
<br />
|