|
r ' �
<br /> ,
<br /> 78-�.�t���'�5
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 23,000
<br /> KNOWALLMENBYTHESEPRESENTS:That JUdy R. Phelan, a single person
<br /> r
<br /> -�� _Mortgagor_whether one or more,in consideration oF the sum of �� � � �
<br /> ` Twelve Thousand and No/100----------------------- -------
<br /> ---DOLLARS
<br /> " loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 12� shares of stock of � � � � � �
<br /> said ASSOCIATION.CeKi6cate No.L 23.��0 ,do hereby grant, comey and mortgage unto the said ASSOCIATION the following
<br /> deuribed real estate,situated in Hall County,Nebraska: � � . . .
<br /> WESTERLY THIRTY SIX (36) fEET OF LOT THREE (3) AND THE EASTERLY
<br /> ELEVEN (11) FEET OF LOT FOUR (4) IN FRACTIONAL BLOCK ONE HUNDRED
<br /> THIRTY EIGHT (138) IN UNION PACIFIC RAILWAY COMPANY'S SECOND
<br /> ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging, including attached Ooor roverings,all window screens, . � � �
<br /> window shades,blinds,storm winduws,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, �. . � �
<br /> roGigerators,and other flxtures and equipment now or hereafter attached to or used in connection with said real estate. � ' . .
<br /> t And whereas the said mortgagor has agreed and does hereby agree that the murtgagor shal� and will pay all taxes and assessments levied or �' � .-
<br /> assesud upon said premises and upon this mortgage and the bond securgd thereby before the same shall become delinquent;to fuznish approved
<br /> insurance upon the buildings on said premises situated in the sum of S 1L e��0.VO payable ro said ASSOCIATION and to detiver to said � � � �
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premiser, . � � . � �
<br /> . In case of default 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[he mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the �, . �
<br /> ' mortgagee all the rrnts,revenues and income to be derived from the mortgaged prcmises 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 premises and renting . �
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said promises and necessary . � � � � ��
<br /> ' commiuions and expenxs incurred in rmting and managing the same and of collecting rentals therefrom: the balana remaining,if any,to be � � � �
<br /> � � applied towazd the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such �. �
<br /> default,irrespective oC any temporary waiver of the sama .�
<br /> These Presents,however,are upon the Condition.'fhat if the said Mortgagor shall repay said loan on or before the maturity uF said shares by � � � .
<br /> payment;pay monthly to said ASSOCIAT[ON of the sum specified in the Bond secured hereby as interes[and principal on said loan,on or before � � � .
<br /> the 7wentieth day of each and every month,un[il said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage .. � �-
<br /> � i and the Bond secured thereby,before delinqurncy;furnish approved insurance upon the buildings thereon in the sum of S j2���0.00 paYabk �� .
<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 all of which Mortgagor hereby agrees to pay;permit no waste on said premises:koep and wmply � . . �
<br /> + with all the agreements and conditions of the Bond for$ 12�Q��.��this day given by the said Mortgagor to said ASSOCIATION,and comply � � . � .
<br /> with all the requ"uements of the Constitution and By-Laws of said ASSOCIATION;then thex preunts shall become null and void,othenvix they .
<br /> shaq remain in full force and may be foreclosed at the option of the said ASSOC[ATION after failure for throe months to make any of said � �
<br /> ' payments or be ffiree 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 appointed forthwith in such foreclosure proceedings. . � � � .
<br /> � If there is any change in ownership of the real estate mortgaged herein,by sale or otherwiu,then the en['ve remaining indebtedneu hercby � � -
<br /> 'secured shall,at the option of 7'he Equitabie Building and Loan Association of Crand Island,Nebraska,become immediately due and payable without �. �
<br /> ' �furiher notice,and the amount remaining due under said bond,and any other bund for any additional advances made thereunder,shall,from the � .
<br /> date of exercise of said option,bear interesi at the maximum legal rate,and this mortgage may then be Coredoud 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 assessmrnts,and abstracting extension charges, with interert thereon, from date of paymrnt at the maximum � .
<br /> ��� legal wta � .
<br /> � As provided in the Bond ucured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the � � � �
<br /> makers of said Bond,the'u auigns or successors in interest,which sums shall be within the ucurity of this mortgage the same as the funds originally . �
<br /> xcured thereby,the total amount of principal debt not to exceed at any time the original amouat of this mortgagm �
<br /> na«acn�: 3rd. aayor February A.D.,is78
<br /> ' . e an� �
<br /> ��� � .� o _�,,., _
<br /> , �
<br /> I STATE OF NEBRASKA,� �
<br /> � COUN7'Y OF HAL.L �' o�et�s 3rd. aay of February 197H ,before me, c *�
<br /> x i _ .,
<br /> ; the undersigned,a Notary Public in and for said County,perwnally came �_;, J �
<br /> Judy R. Phelan, a single person .� ;
<br /> � I . � who j S personally known to I , ,f
<br /> i
<br /> � . me to be the idenlical person S whose name S a re aff`ixed to the above' rum as mortgagor 5 and they severally
<br /> acknowledged the said instrument to be thei r voluntary act and deed. � - / / `a"s '
<br /> NIINESS my hand ttlfQ�ta // .
<br /> GENERALNOTARY• aM0 ebr. f ��ii�i��✓ � .. �"'�'...
<br /> �� My Commiasion ex es JAMES W.OLSON ��
<br /> �L%�A�Q —' .. Mr Comm.Exp.Nov.1$1978
<br /> b��� Notary Public
<br /> C..�P'�T/ � / i / --�� ��
<br /> �
<br />
|