|
, _ � �
<br /> l �
<br /> 78- J��35�-
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 22.979
<br /> ` [QQOWALLMENBYTHESEPRESENTS:Thet Elrod-Woolworth Co., Inc. , Homer L. Elrod, President
<br /> Homer L. Elrod and Bernadine J. Elrod, his wife and Ronald A. Woolworth and Elizabeth J.
<br /> ; Woolworth, his wife
<br /> MoRgegor,whether one or more,in consideratfon of the sum of
<br /> ; Thirtv Five Thousand and No/100----------------------------------------------------no[.c.a,�ts
<br /> � loaned to aaid mortgagor by The Equiteble Building and Loan Associetion of Crand Island,Nebraska,Mortgagbe,upon 350 shares of stock af
<br /> said ASSOCIATION,Certificate No. L 22,979 ,do hereby grant,comey and mortgage unto the said ASSOCIATION the following
<br /> deuribed real estate,situsted in Hall County,Nebraska: .
<br /> t
<br /> p
<br /> 'i
<br /> '( LOT ONE (1) AND THE EASTERLY HALF OF LOT TWO
<br /> ' (2) IN BLOCK TWO (2), JOHN W. LAMBERT'S
<br /> ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA.
<br /> ;
<br /> E
<br /> ,-
<br /> , ,j
<br /> together with atl ehe tenements,hereditaments and appurtenances thereunto belonging,including attached floor cowrings,all window ureens, �
<br /> ��I, • window shades,blinds,siorm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thercto,pumps,stoves, � f �?
<br /> -:� � . «frigerators,and other fixturcs and equipment now or hereafter aCtached to or uud in connection with said real estete. � �.
<br /> -� Artd whereas the said mortgagor has agreed and does hereby agree that thc mortgagur shalt and wili pay aU taxes and assessments levied or �
<br /> auessed upon said premius and upon this mortgage and the bond sec rg d t!�ereby beforc the same shall become detinquent;to fumish approved s
<br /> ::I insurance upon thc buildings on said premiees situaled in the sum oC5�b��00.U� payable to said ASSOCIATION and to deliver to said �
<br /> jASSOCIATION!he policies for said insurence;and not to commit or permit any waste on or abou[said premises; �
<br /> in cau of default in the performance of any of the terms and conditions of this mortgage or the bond xcured hereby,the mortgagee ahall, �
<br /> on demand,be rntitled to immediate posseuion oC the mongaged premises and the mortgagor hereby assigns, transters and xts over to the
<br /> � mortgagee all the rents,revenues and income to be derived from the mortgaged premius during such time as the mortgage indebtedness shall remain - ;
<br /> ` { � tinpaid;and the mortgagee shall have the power to appoint any agmt or agmts it may desire for the purpose of«pairing said premisea and renting
<br /> ,c � the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing safd prcmises and necessary
<br /> � commissions and expenses incurred in renting and managing the same and of collecting rentats therefrom: the balance remaining,if any,to be. �
<br /> � applied toward the diuharge of said mortgage indebtedness:these rights of the mortgagee may be exercised at any time during the exi:tence of such �
<br /> default,irrespective of any temporary waiver of the same.
<br /> 1'hese Preunts,however,are upon the Condition,That if the said Mortgagor shall«pay said loan on or before the maturity of said sharos by ...�
<br /> payment;pay monttily to said ASSOCIATION of the sum specified in the Bond xcured hereby as interest and principal on said loan,on or before
<br /> the Twentleth day of eaeh and every month,until said loan is fully paid;pay all taxes and asussmrnts levied against said premises and on this Mortgage �.
<br /> � and the Bond secured thereby,before delinquency;fumish approved insurance upon the buildings thereon in the sum of$ 35,�0�•�0 payable � `
<br /> �to 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 a[l of which Mortgagor hereby agrees to pay;permit no waste on said prcmius;keep and comply� � �.�..
<br /> , � with all.the agreements and conditions of the Bond for 5 35�0��.QD this day given by the said Mortgagor to said ASSOCIATION,and comply �
<br /> witk all the requirements of the Constitution and ByLaws of said ASSOCIATION;thrn theu presents sltall become null and void,otherwise they
<br /> shall rertsein in full force and may be forecloud at the option of the said ASSOCIATION after failure for three mon[hs to make any of said
<br /> ��� payments or be three months in arreazs 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 appointed forthwith in such Coreclosure proceedings.
<br /> ,.`i . If there is any change in ownerslup of the reaS estate mortgaged herein, by sale oc otherwise,then the entirc remaining indebtedness hereby . � �
<br /> ; .!. . secured shall,at the option of The Equitable Building and Loan Aswciation oF Grand I:land,Nebcaska,become immediatdy due and payable without
<br /> # furthe�notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from t6e
<br /> ,,,�i date of exercise of ssid option,bear interest at the maxuaum legai rate,and this mortgage may then be toredosed to eatisfy 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 Auociation oF Grand[iland, .
<br /> � ��� Nebraska for insurance,taxes and assestments,and abstracting extension charge:, with interes[ thereon, from date of payment at the maximum . �
<br /> :�.{ legal rate_ .
<br /> As provided in the Bond secured hercby,while this mortgage remains in effect the mortgagee may hereaRer advance additional sums to the �
<br /> � �makers of said Bond,their assigns or successors in interest,which sums shall be within the ucurity of[his mortgage the sartK as the funds originally �
<br /> ,�� . � secured�thereby,the total amouai of principal debt not to exceed at any time the original amount of this mortgaga. r . � ..
<br /> ' i Daced this 18th daY of January .D.,19 _
<br /> t
<br /> . � �Elrod-Wo r -
<br /> ome5y L Elrod . B in lrod
<br /> ;:� a er o , resi ��J�� -:-r�!:`_.:._ -� c,\,_r
<br /> � Rona A. Woo wort ' iza h J. Woo wort
<br /> ` STATEOFNEBRASKA, g_ o„U1f3 18th d,yof January
<br /> "� COL3NTY OF HALL� t9 �8 ,before me, �
<br /> *� ed.a N tuy btic' and o said Co ty,peTsonall caxne � :
<br /> A. Elrod-Woo7worth Co.,. Inc. Homer L. Elrod, Presi�`en�;"�omer �.. ��`ro�"an� �Berna`c�ine J. E�rod, y.-;.
<br /> hfis*wife and Ronald''A. Woolworth`and Elizabeth J. Woolworth, his wife Wh� are p�rmnailyknownm ;
<br /> �'.."
<br /> '� , , . . � . . .... � � r{;, E:
<br /> ' me to be Uu identical pecw�E who�e name S dT`E sffixed to tfie above' mortgagor g and they aevenlly r
<br /> actuwwtea8ea�e sata�mc�umen:so be thei r vomnnsuy�s�a aeea. �y:�+--0
<br /> � - �� �� .WITNESS my Fnnd and Notarial Seal the date aforeasid. .. � `:::,�' �? �'.
<br /> ��. . . . � �� My Comminion expiros . � . . .. . ' .. . -.�
<br /> Jw� _ .. � .. . �.. . � . .� . � � .
<br /> 6qMER11t 80TANY•StttrM N�Or. Notary Public
<br /> i ..����i1MES W.OLSON�� - . - � .
<br /> ' F1y Comm.£xp.Nw.17,10'Ji ��r� ��� �
<br /> �,I�� � . � �
<br />
|