|
Fi ed for recor IP
<br />mat o?0 �., i Bo
<br />ok_,��
<br />of
<br />Pa„e�.
<br />Je Fisher, Register of Deeds,:
<br />Hall County, Hebra_
<br />MORTGAGE
<br />MORTGAGE LOAN NO.L 21,550 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: Thai: John E. McConnaha and Teresa L., McConnaha, .each, in his _,�,�'
<br />rand her own right and as spouse of each other, Mortgagor -whether, one or more, in consideration of the sum of
<br />-
<br />\. ;Twenty-two Thousand Fiftv and No/100--------------- _ ------ DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska; Mortgagee, upon 220, shares of, stock of
<br />said ASSOCIATION, Certificate No. L 21 ,550 MGIC, do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT FOURTEEN (14) IN BLOCK ONE (1) IN
<br />ISLAND ACRES NUMBER TWO (2) BEING A.REPLAT OF LOTS
<br />1,2,3,5,6 & 7, IN .ISLAND ACRES A SUBDIVISION IN
<br />THE CITY OF GRAND -ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings; all window_ screens,
<br />window shades, blinds, storm windows, awnings, heating; air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other. fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and'assessments levied or
<br />assessed upon said ,premises and upon this mortgage and the bond secured thereby before''the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in'the sum of S 22 ,050.00 payable to said ASSOCIATION arid' to deliver to. said
<br />ASSOCIATION the policies for said 'insurance; acid not to commit or permit any waste on or about said premises;
<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 the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />'mortgagee all the rents, revenues and income to be derived from the mortgaged premises 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 premises 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
<br />applied toward 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 of any temporary waiver of the same:
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />'payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured Hereby as interest and principal on said loan, on or before
<br />:the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 22 , 050..00 ' payable
<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 611 of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreemcrits and conditions of the Bond for S' 22 , 050.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By-La%ys of said ASSOCIATION; then these presents shall become null and'void, otherwise 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 any of said
<br />payments or be three 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 otherwise, then the entire remaining indebtedness hereby -
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately 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 interest at the maximum legal rate, and this mortgage may then .be foreclosed 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 assessments, and abstracting extension charges, with interest thereon, from date of payment ; at the maximum
<br />legal rate.
<br />As provided iu the Bond secdred hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums sliall be within the security of this mortgage the same as tile, funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this lith day of April A/.'D.,1975 PA4_
<br />MC 11��/et,
<br />n McCannana Teresa L. McConnana
<br />STATE OF NEBRASKA, 1 ss. On this 1 1 th day of April 19.75 , before me,
<br />'COUNTY OF HALL 1(
<br />the undersigned, a Notary Public in and for said County, personally came
<br />John E. McConnaha and Teresa L. McConnaha, each -in his:and her own right and as souse
<br />of each other, who are persona ly known to
<br />me to be the identical person S whose names are affixed to the above instrument as mortgagors and they . severally
<br />acknowI d di the said-1iWAfi%iivtooleSothe1 r. voluntary act and deed.-
<br />WITNE§SlW60,TfdWota ial Seal the date aforesaid.
<br />147. State or Nebraska
<br />My Fgrntni�149sei8RlE�iires
<br />L�L(G
<br />November -12, 1975
<br />-- Notary Public.
<br />3-73-2M
<br />
|