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<br /> �g--� U 03167 � _
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<br /> � MORTGAGE r`1 �", k�
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<br /> MORTCAGE LOAN NO. L Z3.125 i i <ra!
<br /> KNOWALLMENBYTHESEPRESBNTS:1'hat L@O B. May and Frances M. May, each in his and her 1 � ;�
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<br /> own right and as spouse of each other,
<br /> � � � � � � � � Mortgagor,whether one or more,in consideration oF the�sum of `�5.
<br /> Twerttv Seven Thousand and No/100----------------------------------------------- �L�A� � '
<br /> � . loaned to said mortgagor by The Equitable Building and Loan Association ot Crand Island,Nebraska,Mortgagee,upon 2�Q shares oF stock of � r,,��`
<br /> �,� sa3d ASSOCIATION,Cert�eate No. L 2$�12�j ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following °,..;
<br /> descn'bed real estate,sitwted in Hall County,Nebraska: �
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<br /> -� LOT FOUR (4) IN BLOCK TWO (2) IN WIEBE'S ��� +.
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<br /> �1 � � ADDITION TO THE CITY OF GRAND ISLAND, ; r_����5
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<br /> together with all the tenements,hemditamrnts and appurtenances thereunto belonging,including attached floor coverings,all window screero, � ` c r ox^�+'�
<br /> �i� . �- window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and acttssories themto,pumps,sioves,� � � � '� ��,�,.`,�i;
<br /> ;�, � refrigeratocs,and other fixtures and equipment now or hercaher attached to or used in connection with said real estata . � . � - 7 k��wr�n��y�
<br /> � .And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessmenta levied or d � ��l��i
<br /> ,'� _assessed upon said premixs and upon this mortgage and the�bond secured thereby before the same shall become delinquent;to furnish approved� � *y� ; °r �`�'T"
<br /> insurance upon.the 6uildings on said premises situated in the sum of 527��00.00 payable to said ASSOCIATION and to deliver to sald € iM1�„��r�57�'�+�+�i y�
<br /> .- ASSOCIA'fION the policies for said insurance;and not to commit or permit any waste on or about said premises, . � . 3 ' . �°�'�`�,�.
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<br /> � In�case of deFault in the performance of any oF the terms and wnditions.of this mortgage or the bond ucured hereby,the mortgagee shall, �� � y ,„,--+�.y�t� $ .
<br /> , on demand,�be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and xts over�to the . � M �_;� r� �'�'����
<br /> mortgsgee�all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness ahell remain � �, „ �
<br /> unpaid;and�the mortgagee shall have the power to appoint any agrnt or agents it may�desirc for the purpou of repairing said premises and.rrnting . �� � :r r
<br /> the ssme and�collecting the rents,mvenues and income,and it may pay out of said income all expenses of zepairing said premises and necessary � , ,r ,�-+ ����
<br /> commisions and expenses incurred in rmting and managing the same and oC collecting «ntals therefrom; the balance remaining,it any,m be r ' '
<br /> applud toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at�any time during the existence of atich � ' �
<br /> default,irrespective of any[emporary waiver of the same. � � � . � � h �,��
<br /> . �Tt�cu Presents,however,are upon•the Condition,That if the said Mortgagor shall repay said loan on or before the ma[urity of.ssid shares by � �
<br /> payment;pay monthly to said ASSOCIATION.of the sum specified im the Bond xcured hereby as interest and principat on said loan,on or beforo� � t �
<br /> the Twentieth day of each and every month,until said loan is tully paid;pay all taxes and assessments levied against said premises and on this Mortgage�� c � ',k�..;
<br /> and the Bond�xcurod thereby,beforc delinquency:furnish approved insurance upon the buildings thercon in the sum of S 27 a��Q.�� .� payable. j �t ��
<br /> to said ASSOCIATION;repay to said�ASSOCIA7'lON upon demand all money by it paid for such taxes,asussments and insursnce.with interesFat �
<br /> '� the m�cimum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay-permit no waste on said premises•keep and comply '
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<br /> with all the.agreements and conditions of the Bond for S 2]��00.QQ this day given by the said Mortgagor to said ASSOCIATtON,and comply.
<br /> with'all the requiremenu ot the Constitution and By-I.aws of said ASSOC[ATION;thm these presents shall become null and void,otherwix they . '°��
<br /> "� shall remain�in.full force and may�be foreclosed at the option of the said ASSOCIATION after failure For three months to make aay of faid � `. �.:
<br /> � payments or�be tivee months in arrears in making sald monthly payments,or to keep and comply with the agreements and conditions of stid Bond;� � sy �� ��
<br /> and Mortgagor agrees to have a receiver appoin[ed forthwith in such foreclosure proceedings. � �1�;.
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<br /> �' - �IF there is�any change in ownership of the real estate mortgsged herein,by sale or otherwise,then the entire re���g indebtedness here6y� '� '
<br /> �xclued st�all,at the option of The Equitable Building and Loan Association of Grand Island,Nebrsska,become immediauly due and payable without ' ��
<br /> y� further notice,and the amount remaining due under said bond,and any other bond for any additiona!advanas made theroundu,ahall,from the �`,
<br /> �date oF exercise of said option,bear interest at the maximum 1ega1 rate,and this mortgage may then be forecloud to satisfy the amount due on sald ,j �,
<br /> KS bond,and any otLer bond for additional advances,together with all rums paid by said The Equitable Building and Loan Aswciation of Grand Island, � 7 �' '
<br /> `} Nebraska for.insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment tt the maximum � � r ��f's.
<br /> � legal rata �` .:"�';
<br /> �Aa provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advana additiona!sums to the
<br /> makers�oF said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds oriigiaally � � S�h.,� ,
<br /> secured thereby;the totai amouncof principal debt not to excecd at any�time the original amount oC this mortgage. . � +�� ,;
<br /> ���ea�= �� 24th. . raf �May n.n.,i978 �' ; �` ;; ��
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<br /> µ� �,May Frances M. May YY�
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<br /> �$;� 3TAI�OFN�F�RASKw, � Onthls 24th. dayof May t978 .beforeme. "
<br /> ,7 CUUNTY�F HALL�:� .
<br /> �� t2ro undersigned.a Notary Public In md for said County,personelly came �
<br /> � � � Leo S ,May and`Frances •M. May, each in his and her own right and �s spouse of "�
<br /> r`�°'.,. w o penonally knowm to
<br /> ,�, : each�;o"ti�er,r;, � ,� � � are �
<br /> , � an to ¢5 whoseiwt�5 ' dl"e aff'ixed to ffie above inatrument aa mortgegor S and t}ley ae�s=ally
<br /> �d.ttL"ty ` t to be thei'r wluntary ad'and doed.
<br /> .++'.4.��.,; .hsnd md Notariat.Sea2 ehe date doseuid. � ' w'p +'
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<br /> S�7. COMMtSS10N �t + t�Tyu � ``
<br /> � EXPIRES � `���� No Public
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