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Pil'-'d f o
<br />0*
<br />U.........
<br />a. Deeds,
<br />Hall,County, Nebraska
<br />MORTGAGE.
<br />MORT �GE'LOANNO. L 2.1,886
<br />KNOW ALL MEN BY THESE PRESENTS: That Jack M. Shanahan and Janelle F. :Shanahan, each in his -
<br />and her own right and as spouse of each other, Mort.agor, whether onclor more, in consideration of the sum of
<br />Sixteen Thousand Four Hundred and No/100 -------- ------- I _�! -1-1 i
<br />7- - 7 -------------- _— DOLLARS
<br />loaned to said mortgagor by Tile Equitable Building and Loan Association of Grand Island, ebras'ka Mort gag cc, upon 164 1: - shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 3886 do hereby grant,', convey a m6r I tga unto tile s . aid ASSOCIAT . ION the following
<br />described r6al estate, situated in Hall County, Nebraska:
<br />LOT'SEVEN (7), IN BLOCK "C', :IN "PffiKVIEW
<br />SUBDIVISION", LOCATED IN THEj'NORTHE1,ST:'
<br />QUARTER (NE-,) OF SECTION TWENTY NINE (2�)
<br />AND. THE NORTHWEST QUARTER' (NOU) OF ��'ECTION
<br />TWENTY EIGHT (28), TOWNSHIP ELEVEN M
<br />NORTH, RANGE NINE (9). WEST OF THE _IXTH
<br />P.M
<br />together with all the tenements, hereditarrients and appurtenances tlicreunto;beloiigin,-,Iincl6ding attached floor coveringsliall window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing an water equipment and accessories tile reto pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connectidriviihisaid real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree 'that the rnortgag� r 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 is� ine' �liall become delinquent;;t& furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S1 6 40Q. 00 aya c - said ASSOCIATION and 'to deliver to sa'id
<br />ASSOCIATION the policies for said insurance; and not to commit or permit anywaste on'or I �aboilf , said premises;
<br />In case of default in the performance of any of the terms and conditions of this mo tgag6 i or the bond secured liereby,ith6�'jilortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mo tgag6i licre�y� assigns, transfers and �cts over to the
<br />r the p irpose of repair
<br />mortgagee all the rents, revenues and -income to be derived from the mortgaged Tremises d ring, suc time'as t lie mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have file power to appoint any agent or agents it may desi fo ing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said incorrid .all cxVp( 11 es 'of -repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting i�in'tals � th.-rel from; the balance reiniining', if any, to be
<br />applied toward tile discharge of said filortgage indebtedness; these rights of the mortgagee i ia� be e ercis6d at any time during tile 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 rep ty said Ican' on" or before the maturity of said shares by
<br />payment; pay niontilly to said ASSOCIATION of the sum specified in tile Bond secured 111[reby' as interest and principal on said loan, on or before
<br />tile Twentieth day of each and every month, until said loaf) is fully paid; pay all taxes and ass ssm6rits levied against said premises iind oil this Mortgage
<br />and tile Bond secured thereby, before delinquency; furnish approved insurance upon tile bui dings thereon in thc�sum of S 16 4,00: 00 payable
<br />to said ASSOCIATION . ; repay to said ASSOCIATION upon dernana all money by it �aid ;r such tax6s, assessments and insurance with interest at
<br />1
<br />the maximum legal rate thereon from date of payment -all of which Mortgagor hereby -, brecs o pay;: pern it no waste oil said prenikes; keep and comply
<br />w.itli all the agreements and conditions of the Bond for S 16 3400 . 00 this day given byl ElIC said Mortgagor to said ASSOCIA'TIO'N, and comply
<br />with. all tile, requirements of the Constitution and By -Laws of said ASSOCIATION; then the,6 pic�cn'ts I shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATIO I � after failurc� 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 :onioly %6th the agreements and conditions ofsaid Bond;
<br />and Mortgagor agees to have a receiver appointed forthwith in such foreclosure roccedings,
<br />If there is any change in ownership of the real estate mortgaged lier6in, by!, sale or ot erwisc I �, �Ilie I n tlic:entire remaining indebtedness hereby
<br />secured shall, at tile option of The Equitable Building and Loan Association of Grand Island Ncbraska,6ec6me immediately duc:an . d payable without
<br />further notice, and tile amount rcirldining due under said, bond, and any otli6,r bond for 16ny additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at tile maximum legal rate, and this'niortgage 1,�ay t.h6n 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 quitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges with inte-est tlicre'on from date of payment at the maximum
<br />ipgal rate.
<br />As provided in the Bond secure'.d hereby, while this mortgage remains in effect the 1� I iortgagec, n ay hereafter advance additional sums to the
<br />makers of said Bond, their assigns or sluccessors in interest, which sums shall be vithin the s burity of t;,,is mortgage the sanie:a§ the funds originally
<br />W i 1 11
<br />secured thereby, the total amount of principal debt not to exceed at any time the original ai I �ount of this mortgage.
<br />D ate t us 19th �day of Aj�-, 1�� 7,
<br />d Ii 'November I D
<br />Sh
<br />c anahan 'Jan _-1 1 ��.jshainahan
<br />STATE OF NEBRASKA, 0
<br />ss. On this 1 9th day of N Mb6r' 19
<br />ve
<br />COUNTY OF HALL 75 beforeme,
<br />the. undpr$igned a NW : ar blic in In rsaid ounty "personally 600
<br />Pu , I
<br />Jack M. Shanahan and Jdnelle F. Shanahan, each in his aid.. e 0 Mlf�
<br />wn rig an as spouse OT
<br />each oth
<br />who are peisonally known to
<br />�wlioscnames are affixed to the above in
<br />me to baj.!fe_' C�ISP strunich and
<br />-1<,,, .1.. 1— or S they severally
<br />ackno tol�e their
<br />voluntary act and deed.
<br />NYITNE8S %1�rh d imil Notarial Seal the date aforesaid.:
<br />-.,,y ommiZsion pires 0,9,_ 7, )q 76
<br />E% .
<br />Notary Public
<br />3-73-
<br />7
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