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008883
<br />MORTGAGE
<br />Filed for record/
<br />.. J
<br />KNOW ALL MEN BY THESE PRESENTS: That Jose L. Flores and Ma
<br />her own right and as spouse of each.':othe'r,
<br />Twenty Three Thousand Four Hundred and,No/100----- _Mortgago
<br />d. , n Boo n °�
<br />+isher,':Reoister of Deeds;
<br />-Hall County, Nebraska
<br />)RTGAGE LOAN N0. L 21,741 MGI C
<br />y Margaret Flores, each .in his and
<br />whether'one or more, in consideration of the sum of
<br />— — -- ---------------
<br />DOLLARS
<br />loaned to said mortgagor by The' Equitable Building and L6at1 Association of Grand Island, Neiiraska, Mortgagee, upon 234 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,741 MGI C i do hereby grant, convey, and mortgage unto the said •ASSOCIATION the following
<br />described real estate; situated in; 1 -call County, Nebraska:
<br />ALL OF LOT SIX (6), AND THE NORTH, FIVE FEET (.N 5')OF LOT "SEVEN (7), IN
<br />BLOCK SIXTEEN'(16), IN WEST VIEW ADDITION TO THE CITY OF GRAND ISLAND,',.
<br />HALL COUNTY, NEBRASKA AND.THE. SOUTH THIRTY-THREE FEET (33') OF VACATED:;
<br />SEVENTH ;(7th) , STREET LYING .NQRTH OF AND ADJACENT TO ;THE 'NORTHERLY BOUNDARY.
<br />LINE OF 'LOT SIX (6) IN BLOCK:SIXTEEN (16), WEST VIEW ADDITION SAID STREET,.
<br />BEING:VACATED'BY`'ORDINANCE #4947 SAME BEING RECORDED IN :THE OFFICE OF 'THE
<br />REGISTER OF DEEDS IN BOOK;21•; PAGE 298 OF MISCELLANEOUS RECORDS.
<br />together with all the tenements hereditaments and appurtenances thereinto belonging, including attached floor coverings; all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and wailer equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or heri;after 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 23,400.00 payable to said ASSOCIATION and ,to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to cornmit.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 duringsuch 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 piemises and renting
<br />the same and collecting;the rents, revenues and income, and it may pay out of said income all expenses jof repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rental's itherefrom; 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.�aid 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 takes 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 m the sum of S 23 400.00 Payable
<br />to 'said ASSOCIATION; repay to said ASSOCIATION upo» demand all money by it paid for* suclt takes, 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 '23 , 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 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"arid 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 of :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 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 day.of July A. D., 19 75el I
<br />,
<br />bt e L.: F1 ore Mary Marg ret Flores
<br />STATE OF NEBRASKA, 1 ss On this
<br />• COUNTY OF HALL I 31st day of J u 1 y 19.7 5 , before me,
<br />the undersigned,a, Notary Public in and for said County, personally came
<br />Jose L. Flores and Mary Margaret Flores, each in his and�h'er own right and as spouse ,of
<br />each -other;` who are personally known to
<br />me to be the identical person S whose name S are affixed to the above instrumentias mortgagor.S and the severally
<br />acknowledged the said instrument to be thei r voluntary'act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />.1My'Mm'mit9itfh��pir
<br />o' v rask'a \: Notary Public'
<br />''y CxPi' s
<br />November 12; '1975. '
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