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<br />< <� �2 � Jean fisher, Register of Deeds, .
<br />Hall County, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN N0. L 211761"
<br />KNOW ALL MEN BY THESE PRESENTS: That , Michael W. O'Hara and Virginia. L. O'Hara, each i n his and
<br />her own right and -as spouse of the other,
<br />Mortgagor, whether one or more, in of the sum of
<br />Thirty Thousand and No/100--=----------=--------------------------`----------------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 300 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 , 761 ; do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />ALL OF FRACTIONAL LOT FIVE (5), IN FRACTIONAL BLOCK SEVEN (7), IN ARNOLD PLACE, IN THE
<br />CITY OF GRAND ISLAND, NEBRASKA, AND ITS COMPLEMENT, BEING ALL OF THAT PART OF LOT SIXTEEN"
<br />(16),, OF THE COUNTY SUBDIVISION OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER (SE,SW4)
<br />OF SECTION SIXTEEN (16), IN -TOWNSHIP ELEVEN (11), NORTH, RANGE NINE (9), WEST OF THE
<br />6TH P.M., LYING NORTH OF DIVISION STREET AND EAST OF WASHINGTON STREET, IF THE EASTERLY
<br />LINE OF SAID WASHINGTON STREET WERE EXTENDED, SAID TRACTS COMBINED:FORMING ONE FULL LOT
<br />66 FEET ON DIVISION STREET AND HAVING A FRONTAGE OF 132 FEET ON WASHINGTON STREET, IN SAID
<br />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'morigagor 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'tlte 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 30 ;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 of 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 tie -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 30 , 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 30 ,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 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 outer 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 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 />,Date tis 1 day of August /A:
<br />Thael W. a Vi rgi u4 a L. O' Hara
<br />STATE OF NEBRASKA, ss. On this 14th day of August 19 75 , before me,
<br />COUNTY OF HALL
<br />the undersigned; a Notary Public in and for said County, personal]-, came
<br />Michael W. O'Hara and Virginia L. O'Hara, each in his and her own right and;as spouse•.of
<br />each other,. 'who are Personally known to
<br />me to be the identical person S whose names are.;'.,, 'affixed to the above instrument as mortgagor S and they severally
<br />acknowledged the said instrument to be thea 1" .voluntaryact and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid. %
<br />My Commission expires
<br />Notary Public
<br />3-73-2M i
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