|
I �
<br /> 78-r u1,�i���
<br /> MOR'TGAGE
<br /> ` MORTGACE LOAN NO. � ?��042 MG I C
<br /> � KNOWALLMENSYTHESEPRESENTS�Thst Harold R. Sawtelle and Janice E. Sawtelle, each l'fl
<br /> . ;
<br /> :
<br /> ,
<br /> his and her own right and as spouse of each other
<br /> ` � � _ Mortgagor_whether one or more,in conaideratlon of the sum of � ";��'
<br /> Eighteen thousand and No/10�--------------------- --=----------_-�pLLAxs
<br /> loaned to said moRgagor by The Equitable Building and Luan Association of Graad Island,Nebraska,Mortgagee,upon 180 sharea of stock of
<br /> eaid ASSOCIhTION,Certifipte No.LP3 �Q� MGTCido hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> descrLbed rea!estate,situated in Hall Coun�y,I�Tebraska: . "
<br /> '����
<br /> $:
<br /> LOTS TWO (2) AND THE NORTH FIVE FEET (5') OF LOT FOUR -
<br /> } (4) IN BLOCK TWO (2) COLLEGE ADDITION TO WEST LAWN IN
<br /> � � GRAND ISLAND, HALL COUNTY, IWEBRASKA. " �'�,
<br /> ;
<br /> r ;
<br /> g,
<br /> together with ali the tenements,heroditaments and appurtenances thereunto belonging,inetuding attached Fluor eoverings,alt window sereens, � y`
<br /> �i window shades,blincls,storm wmdows,awnings,heating,air condi[ioning,and plumbing and water equipmen[and accessories theroto,pumps,stoves, � ��
<br /> ,� � rcfrigemtocs,and other�xtures and equipment now or hereafter attached to or used in wnnection with uid real estate_ �,�
<br /> $ And whereas the said mortgagor has agreed and does hereby agree that the mortgagor.F�all and will pay all taxes and asxssments levied or � �
<br /> � assesud upon said premises and upon this mortgage and ihe bond securg e5�y b fore the same shall become de3inqurn[;to fumish approved + `�i
<br /> insurance upon the bwldings on said premises situated in the sum of S l�>��U.�� payab)e to said ASSOCIATION and to deliver to said ; �.:.
<br /> i � AS30CIATION the policies for said insurance;and not to commit or permit aay waste on or abaut eaid premises; �. �tg
<br /> t s
<br /> � � [n case of default in the performance of any of the rerms and conditions of this mwtgage or the bond xcured hereby,the mortgagee shell, �� `� �.,pj��
<br /> on demand,be entitled to immediate g g p g g y gns, cranafers and sets over to the ?` .
<br /> �+ possession of the mort a ed remixs and the mort a or hereb assi r�`:
<br /> ! � mortgagee all the rents,rcvmues and income to be derived from the martgaged premises during such time as the mortgage indebtedness shall nmain
<br /> . unpaid;and the mortgagee shap hav�the power to appuint any agent or agents it may desire for the purpose oC repai�ng said premius and renting �
<br /> the same and eollecting the rents,revenues and income,and it may pay ou[ of said income alI expenxs of repairing said premixs and necessary ,;..`_v
<br /> commistions and expenses incurred in renting and managing the same and of collecting rentals theretrom; the balance remaining,if any,to be x
<br /> applied toward the discharge of said mortgage indebtedneu;these rights of the mortgagee may be exercised at any time during the esistence of such � ���-
<br /> default,irrespective of any temporary waiver of the same. ' � � � '?
<br /> � Thex Presents,however,are upon the CondStion,That if the said Mortgagor shell repay said loan on or before the maturity of said shares by
<br /> payment;pay monthly to said ASSOCIATION of ihe sum specified in the Bond ucured hereby as interest and principal on said loan,on or before
<br /> the Twentieth day of each and every month,until raid loan is fully paid;pay all taxes and assessmen[s levied against said premixs and on this Mortgage �
<br /> and the Bond secured thereby,before delinquency-furnish approved insurance upon the buildings thereon in the sum of 3 1$�QQ�.QQ payable �
<br /> ,�.k to said ASSOCIATION:repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance wrth intenst at �
<br /> ;( the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrces to pay:permit no waste on said premises;keep and compty
<br /> i with all the agreements and conditions of the Bond for S 18,��0.��this day given by the said Mortgegor to said ASSOCIA7'ION,and comply
<br /> �'i with all the requirements of the Constitution and By-Laws of said ASSOCIATION;the� these presents shall become null and void,otherwiu they �
<br /> �.S shall.remain in full force and may be Foreclosed at the option 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,oz to keep and comply with the agreements and conditions of said Bond; . �
<br /> and Mongagor agrres to have a rcceiver appointed forthwith in such foreclosure proceedings_ � � �
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale ur otherwiu,then the entire remaining indebtedness hereby ' � � .
<br /> secured shail,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become unmediatdy due and payable without � ��
<br /> further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the �� . � �
<br /> � date of exercise of said option,bear interat at the maximum lega�rate,and this mortgage may then be foreclosed to satisfy the amount due on said -
<br /> :�7 bond,and any other bond for additional advances,together with ali sums paid by said The Equitable Building and Loan Auociation of Grand Island, � � �
<br /> ' Nebraska For inswance,taxes and asseuments,and abstracting extension charges,with interest thereon,from date of payment at the maximum � � � �
<br /> "� legal rate. . .
<br /> As provided in the Bond secured hereby,while this mortgage remains in effcet the mortgagee may hereafter advance additional sums to the -
<br /> �i . makers of said Bond,ffieir assigns or successors in intttest,which sums shall be within the xcurity of this mortgage the same as[he funds originally � �
<br /> # secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> ,� �w'Dated th/is 22nd aay or March A.D.,i9 78
<br /> ' ... /.//`/!_ /V�:.f ,^ l� JCJI/IL��� . . �.
<br /> 7�� old R. �awt�e,ll��w.�O�n
<br /> � Janic'e E. Sawtelle �
<br /> � STATE OF NEBRASKA,t 22nd March 78 ° �
<br /> � `COLINTY OF HAI,L r u. On this day ot 19 ,before me, � ,'
<br /> I� �- � � - the undersigned,a Notary Public in and for said County,personally came � . s�;, .��
<br /> Harold R. Sawtelle and Janice E. Sawtelle, each in his and her own right and as s�pouse �.
<br /> o`f 'each other -� Who are ��n ly known to �,,a
<br /> �� � me to be the identical penong � �whou name5 dre aftixed to the ebove instrument ss moftgagors and they u��Y 4r�' <
<br /> acknowledged the said Lutrummt to be thel Y' voluntary act and deed. � ' ,� �t s�
<br /> ' N,
<br /> -� Vl7TNESS my hand and Notarial Seat ehe date aforesaid. :-` � �
<br /> �� � � � � . My Co ion ex "res � �
<br /> ? CptFM1 NOTARY-SUh ol N�bnsb � f
<br /> ,. i
<br /> ��tary P ic
<br /> � si-trt si� � JOY AA.BEAZLEY � �/'"�� _. � .
<br /> . . �'� My Conun.ErP-Sept.I.1981 �/ .
<br />
|