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<br /> MORTGAGE 'W s"'k
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<br /> (� MORTGAGE LOAN NO. L 23,11 O � ��
<br /> ;�4 xivow,v.t.MeN B�t�rttEsa r[tesErrrs:x�c Le 1 and R. McComb and Lynda R. McComb, each i n hi s ''"�
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<br /> ��� �� � � a nd_her a;,jn right and� as spouse of each other, ` �
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<br /> ' � � � Mortgagor,whether one or more,in consideration ot the sum of ' �' � ' � ''" 1"��
<br /> i Thirty Thousand and No/100--------------------------------------------------------- noLtnRs - F
<br /> .Waned to sald mortgagor by The�Equitable Building and Loan Association of Grand[sland,Nebraska,Mortgagee,upon 3�0 sham of stock of� , �`:�-.
<br /> i said ASSOCIATION,Certificate No. L 23,1�0 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> .�deuribed real es[ate,situated in Hall County,Nebraska: ` i �
<br /> LOT ONE (1) IN BLOCK 7W0 (2) IN SECOND ADDITION F '
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<br /> ' TO HOLCOMB'S HIGHWAY HOMES SUBDIVISION, AN ADDITION `
<br /> j TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. ; 1{i
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<br /> together with el! the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window acreens, y- `� ,
<br /> �� window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, � ' �-wtr '�.
<br /> •;x . refrigerators,and othet fixtures and equipment now or hereafter aitached to or uud in connection with said real estate. � ,� ��,���i�+
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<br /> �g�� And whereas ihe said mortgagor has agreed and does hercby agree that the mortgxgor sha11 and will pay all taxes and assessments levied or�. � . ���� �,i�-
<br /> �{ �� asussed upon said premises and upon this mortgage and the bond xcured thereby before the same shall become delinquent;to furnieh approved � . y ; F i5��
<br /> insuranx upon the buildings on said premises situated in the sum of 53O,���.U� payable to said ASSOCIATION and to deliver to said � µ���,.sp�
<br /> ASSOCIATION the poficies for said insurance;and not to rnmmit or permit any waste on or about said premises; � � - i� .i �,
<br /> - In case of default in the performance of any of the terms and conditions of this mottgage or the bond aecured hereby,the mortgagee shall,� � � -' }�G� }�' �
<br /> . on demand,be rntiNed to immediate possestion of the mortgaged premises and ihe mortgagor hereby assigns, transfers and tets uver to.the y ,, '"{�� A
<br /> mortgagee all the rents,revenues and inwme to be deriwd from the mortgaged premius during such time as the mortgage indebtedness shall remafn � �
<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 tenting
<br /> .�.the same and wllecting the rents,revenues and income,and it may pay out of aaid income sU expenses of repairing said premi:es and necessary �
<br /> � �_commtuions�and expenses incurred in renting and managing the same and of collecting rentals therefrom: the balance rcmaining,.iF any,to be
<br /> 'applied toward the diuharge of said mortgage indebtedness;theu rights of the mortgagee may be exercised at any time during the existrnce of such
<br /> - :� default,irrespective of any temporary waivet of the same. .�..
<br /> �`� � 1'hese Presents,however,are upon 4he Condition,That if the said Mortgagor shall«pay said loan on or before the maturiry of said stiares by . ;,
<br /> paymen[;pay monthly to said ASSOCIA'fION of the sum specitied in the Bond secured hereby as interest and principal�ort said loan,on or befote
<br /> /f� . � the Twentieth day�of each and every month,until said loan is fully paid;pay all taxes and assessments Ievied against said premises and on this MoRgage ,r 1 T
<br /> �and the Bond secured thereby,before delinqumcy;fumish approved insurance upon the buildings thereon in the sum of S 30����•00 payable � " �
<br /> io said�ASSOCIAI'lON;repay to uid ASSOC[.4TION upon demand all money by it paid for such taxes,assessments and insurance with interest at {
<br /> t'� .�� the maximum legal rale thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and mmply . �t
<br /> with all the agreemenis and conditions of the Bond for S 30.���.�0 this day given by the said Mortgagor to aaid ASSOC[ATION,and compty
<br /> - � with sll the requirements of the C'onstitution and By-I.aws ot said ASSOCIATION;then these presents stiall become null and wid,othecwiee they
<br /> '�i . sttall 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 /> j paymrnts�or be thm months in arrears in making said monihly paymmts,or to keep and comply with the agreements and cronditions of said Bond; t.�'
<br /> -� . .and Mortgagor agrees to have a receiver appointed forthwith In such forcclosure proceedings. � x�
<br /> If thtte is a[ry change in ownership of the real estate mortgaged herein,by sale or otherwix,then the entire remaining indebtedness hereby
<br /> seeured shail,at the option of The Equitable Bullding and Loen Association of Crond Island,Nebraska,bewme immediately due and payable wiihout �
<br /> %� � futlher notice,and the amount remaining due under said bond,and any other bond for any additional advanaa tssade thereunder,shall,from the
<br /> �� date of exerclse of said option,bear Interest at the maximum legal iate,and this mortgage may then be foredosed to satisfy the amount due on said
<br /> - bond,and any other bond for additiona!advances,together with all sums paid by said The Equitable Bw7ding and Loan Association of Grand lsland, �Xr,��
<br /> . �� Nebraska for insursnce,taxes and assessments,and abstraeting exeension charges,with interat thereon, from da[e of payment at ffie maximum c;�.
<br /> degal rate.
<br /> � �-As provided ia the Bond xcurcd hereby,while this mortgage remains in effect the mortgagee may hereafter advana additional sums to the � � �
<br /> � makers of said Bond,their assigna or successors in interest,which sums ahall be within the security of this mortgage the same as the funds originally
<br /> ` xctired ihereby;the total amount of principal debt not to exceed at any Hme the original amouni oF this mortgage. � ' �' ' "
<br /> V j Dated is �Zt of May A.D.,19 t i
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<br /> � ... C ��� ' �� (..1'-�Tt�.� �;:
<br /> ,_� elan _ McC Ly a R. McComb
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<br /> � S�'ATEOF NEBRASKA. � On this 12th.aay or . May �v 78 .before mq ���
<br /> ;� ,covrirY og rUu.�,
<br /> .� �� ' � � .the undersigned a Notary Publlc ut and for d County,penonall came h�i�
<br /> - 'Leland R._,McGomti and Lynda R. McGomb, each in his and' her own right an� as spouse o�f � w�`,
<br /> ,a.�«.u;� �'_�, e1"� ,_ , who are Personally known to .,, ,�a,
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<br /> be� �� `��;pon�S ���whose naineS �dl^Q �.affnced to the above�imtrummt as moRgagor S and they� severally �� ,� h
<br /> . ��,.«...,y .
<br /> s gQl;�� a i to be thei r vohmtary.ci and aeea. �''" ; ,
<br /> F_� 1 =U �"�TN my hsad and Notazial Seal the date aforaxid. �'�"` -
<br /> NOTARY
<br /> � �-7 CUMMtSS10N�$'� �' 'onexpirn ....31, 1�AO. . .
<br /> �.EXPIRES . ��� �d � . .
<br /> � a1��� 37 ��.�'�,�Q� Notary Pnbllc
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