|
(— �
<br /> MORTGAGE 78� U O 1�EJ 1
<br /> MORTGAGELOF�NNO. L 23,039
<br /> rKNOH'ALLMENBYTHESEPRESENTS:That Richard 6. McK9nny and Joyce S. McKinny, each in his
<br /> and her own right ana as spouse of each other,
<br /> �� � � =
<br /> Mortgagoq whether one or more,in consideratlon of tht sum of
<br /> ` TiMentv Eiqht Thousand Seven Hundred and Mo/100----------------------------------- ���� ,;
<br /> loaned to said mortgagor by The Equitable Building and Luan Auociation of Grand Island,Nebraska,Mortgagee,upon Zg7 shares of stack of
<br /> said ASSOCIATTON,Certifipte No.L 23�039 ,do hereby grant, convey and mortgage unto the said pSSOCiATiON the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> ; LOT FOUR (4) IN BLOCK TWENTY-THREE (23) IN COLLEGE
<br /> ADDITION TO WEST LAW�W IN THE CITY QF GRAMD ISLAND,
<br /> HALL COUNTY, NEBRASKA.
<br /> ri::.
<br /> � �::
<br /> k ,.
<br /> together with all the tenemrnts,hereditaments and appurtenanas thereunto belonging,including attached floor rnverings,all window s�.:reens, r�c�.
<br /> window shades,blinds,storm windows,awnings,heating,air wnditioning,and plumbing and water eqtipmrnt and accessories thercto,pumps,stoves,
<br /> refrigeratora,and other fixturos and equipment now or hereafter attached to or uud in connection with said real estate, f�$;
<br /> . ; And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shell and will pay all taxes and auesaments levied or ' . . '� "� ''
<br /> assessed upon said premis�s and upan this mortgage and the bond secured thereby before the same shatl become dtlinqurnt;to furnish approved r � R,
<br /> ' insurance upon the buildings on said premius situated in the sum of S 2$���0.�� payable to said ASSOCIATION and to deliver to said e. tn��
<br /> ...� � � ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises; a f-"
<br /> �¢ e �,
<br /> 1 In case of defa�zlt in the pedonnance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, ` �
<br /> i �.. on demand,be entitled to immediate posussion of the mortgaged premius and the mortgagor hereby assigns, transfers and sets over to the ��
<br /> mortgagee all the rrnts,revenues and income to be decived from the mortgaged pre�nises during such time as the mortgage indebtedness shall rrmain
<br /> . unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repai�ing said premises and renting �
<br /> � � the samt and collecting the rents,revenues and income,and it may pay out of said income 8II CXPCRSCS Of repai[ing said premixs and necessary '
<br /> �.� commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to be . i,
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised et any time during the exlstence of such r;
<br /> -� default,irrespective of any temporary waiver of the sama �
<br /> These Prexnts,however,arc upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by � � ��
<br /> `i payment;pay monthly to said ASSOCIATION of ihe sum specified in the Bond secured hereby as interest and principal on said loan,on or before � 1�
<br /> ? the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessmrnts levied against said premises and on this Mor[gage :
<br /> � �� and the Bond secured thereby,before delinquency:furnish approved insurance upon the buildings thereon in the sum of S 2$�700.QQ payable + � . �
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,asussments and insuranee wi[h interest at � ��
<br /> " : the maximum legal rate thereon from date of payment all of which Mortgagor hercby agrees to pay;permit no waste on said premixs;keep and comply �
<br /> �.� with all the agreements and rnnditions of the Bond for S 2$ 700.00 �ws day given by the said Mortgagor ro said ASSOCIATION,and comply �
<br /> ���� with all the requirements of the Constitution and By-Laws of said ASSOCIATION;thrn these presents shall bernme null and void,othenvise chry . . �.
<br /> `�; shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for thrce months to make any of said �
<br /> payments or be ihree months in arrears in making said monthly payments,or to keep and comply with the agreemmts and conditions of said Bond; � ��
<br /> and Mortgegor agrees to have a receiver appointed forthwith in such foreclasuze proceedings � �
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale or otherwiu,then the entire remaining indebtedness hereby . .
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,bewme immediately due and payable without � � �� .
<br /> further notice,and the amount remaining due under said bond,and any othu bond tor any additional advanees made thereunder,shall,from the � � � � ��
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on ssid � � �
<br /> 6ond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand[sland. � � �
<br /> Nebraska for insurance,taxes and assessments,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 effect the moRgagee may hereafter advance additional sums to the � � � � �
<br /> maken of said Bond,the'v asigns or successors in interest,which sums shall be within the ucurity of this mortgage the same as the Funds originally �
<br /> ' secured thereby,the totecl�am�og�n t of principal debnt�not to ex ed at any time the original amount of this martgage. �
<br /> r � Dat d this ��/-"" day of /•I C!/l.�-� A.D.,19 7� � �. .
<br /> � �� .�,,,.�, � ,��-�,
<br /> ,j - Ric�6. M�nny ce S. cKinny
<br /> f
<br /> � STATE OF NEHRASKA. �. On this 18th day of March l9 78 .before me, �
<br /> ;`� COUNTY OF HA.�.L� '^c""" �,�',
<br /> - "'� '� ��� � the undersigne Public in and for said County,personally came � , - s
<br /> '` Richard B:• Mc�G'i�' ,�nd,.Joyce S. McKinny, each in his d he own r' ht and as 5po1L�e of � " ? �;
<br /> �` each 0�5� � ..�r�` gre pel9onaliy-Icnown to � i ..
<br /> I� , me to.bell�pf�t��$'���:.whose.name�S � aNe affixed to the above atrume as m gor S and th2y severally .. k�� .
<br /> w a�o.v�asn �:i��:u � �
<br /> �'sai thei r voluatary act and deed. t, .;�
<br /> . . -.. �: j±���'✓�✓�.}pn�snd Notarial Ses!the date aforcsaid. .,.
<br /> :.{ : = tKy coro�t��axr�e: 30/4'l8 � '
<br /> :✓�,��•. n 'a�Y'i,�5° V _ I
<br /> .,�a � .. s.i ses�al [�. �. ��'": . Notary ubGc � .
<br /> _ '�RJ 3L'•�'
<br /> .. ,,, �
<br />
|