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File for recor /t-1 3 i in ' o
<br />MICROFILMED
<br />Jean isher:, Register of Deeds;
<br />iHall County, Nebraska
<br />A
<br />MORTGAGE.
<br />MORTGAGE LOAN NO. L 21 742
<br />r1dD KNOW ALL MEN BY THESE PRESENTS: That Pearl G. Harnan, a single person,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty-two Thousand. !Four Hundred and No/100-
<br />- - --- -----------------==--- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 224 shares of stock of
<br />said ASSOCIATION, Certificate No. ;L 21 ,742 • , do hereby grant, convey and mortgage unto the said ASSOCIATION.; the following
<br />described real estate,, situated in Hall County, Nebraska:;
<br />SOUTHERLY, FIFTY FEET (50') OF LOTS FOUR (4)
<br />AND•FIVE (5) AND -THE SOUTHERLY_ FIFTY FEET (50')
<br />`OF THE WESTERLY FIVE (5) FEET OF LOT -THREE- (3) .
<br />IN FRACTIONAL BLOCK -FIVE (5) IN WALLICHS'
<br />ADDITION TO THE CITY OF GRAND ISLAND,HALL COUNTY,
<br />NEER. BEING.'A.RECTANGULAR TRACT OF GROUND HAVING A
<br />WESTERLY FRONTAGE OF FIFTY FEET (50') ON ADAMS
<br />STREET IN`SAID CITY, AND A DEPTH OF 110.6 FEET
<br />AND BOUNDED ON THE SOUTH BY THE ALL01IN SAID
<br />BLOCK.
<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 ow said premises situated in'the sum of S 22,400.00 payable to said ASSOCIATION 5nd io'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 immodiate; 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 io 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 4 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 right$ 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 D1ortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in thc'sum of S 22 ,400.00 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 22 ,400.00 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 66mply 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 andLoan 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- there under, 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 in the Bond secured hereby, while this mortgage remains in effect the mortgagee mayhereafter advance additional 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 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 31st 1aay of July A. -D. 19 75 -
<br />Pearl ;G. Hannan
<br />STATE OF NEBRASKA,
<br />ss. On this 31St day of JUIy`, 19 75 ,before me,
<br />COUNTY OF HALL }
<br />the undersigned,a Notary Public in and for said County, personally came
<br />Pearl G. Harman, a single person,
<br />who ispersonanyknown to
<br />me to be the identical person .• ' whose name i g affixed to the above instrument ortgagor and'. she se -orally
<br />acknawled ed-the-said�instnrt�t voluntary act and deed.
<br />g 5t w b N r ry
<br />1 41
<br />WIT Amy hanA; tat trial Seal the date aforesaid:
<br />< n tom'•
<br />5� blyCommitot{rexpii G
<br />Commission r, `res
<br />�= lgove'mber 12,,:197.�/ / Notary Public
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