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Filed. for ecor t 'n Boo l
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<br />67
<br />Je Fisher, Reoi'ster of Deeds,
<br />Hall County, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. 21 ,566
<br />KNOW ALL MEN BY THESE PRESENTS: That Michael W. O'Hara,* and Virginia L'-. O' Naga •, each in his'
<br />�•
<br />and her own right and as s pouse of each other , Mortgagor, whether one or more, in consideration of the sum of .
<br />Sixteen Thousand and No/100--------------------------------------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 160 shares of stock of
<br />said ASSOCIATION, Certificate No. L- 21,566 ; do hereby grant, convey and mortgage unto the said' ASSOCIATION the following
<br />described real estate, situated -in Hall County, Nebraska:
<br />LOT TWO (2) IN BLOCK THREE (3) IN UNIVERSITY '
<br />PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />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 16 , 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and 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 sliall 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 16 , 000.00 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 all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 16 , 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws 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 tate 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, sliall, 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 in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns g;;successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured theree. otal am tint of principal debt not to exceed at any time the original amount of this mortgage.
<br />ate ' lis 2lst day of Apri 1 A.D., i9 75
<br />i•c ae — — a Virginia L. O�Hara
<br />STATE OF NEBRASKA, ss. On this 21st day of Aprl 1 19 75 , before me,
<br />COUNTY OF HALL '
<br />tl a under igped, a N t Public in and f r aid Co nty, personally came
<br />Michael W. O'Hara and Virginia L. O'Hara, each in alis and "Per own riga an? as spouse
<br />who are personally known to
<br />of each other,'
<br />me to be the identical person S whose name S are affixed to the above instrume as mortgagors and they severally
<br />acknowledged the said instrument to be thei r voluntary act and deed.
<br />SS-rnvfiartd an �
<br />AA4E W. OL50N al Seal the date aforesaid. .
<br />MY COFII_m!pt°�Le1Si'1r.c/FRY Com' G _
<br />State o! Notary Public
<br />�.r My Ccrarni c sires Z. / 7.J�
<br />37(r;� `s? Novembe 2, It
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