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89- 102483
<br />MORTGAGE
<br />MORTGAGE LOAN NO. HI 906 FHA
<br />KNOW ALL MEN BY THESE PRESENTS: That James B.. McElroy and Devra A. McElroy, ach in his
<br />y, and
<br />her own right, and as'spouse of each other,
<br />Twenty Five Mortgagor, whether one or more, in consideta'i1`e °sutri wS
<br />y ve Hundred and no /100 - -- --------------- -�;. --
<br />loused to said mortgagor b r hba-Equitable Building and Loan Association of G ' – – --
<br />tax. 1s1 1' ;i braska, McnVOIFn • ro '• .; , 25 shares of a[o til: .
<br />saiii ASSOCIATION, L`e ^its.? 'r,'Z.i b'� < G06 FHA do herely, an +'i7i�cv `: s� mort: "rs� rise ' i1SS()t'O►7 rOAI. the -fob —
<br />' sL!ed seal emote; si2aatifi ir. Tr Coixff`y. Nebmske:
<br />Lot Two (2), in Block Ninety -nine (99), Railroad Addition to the City of Grand Island, Hall
<br />County, Nebraska
<br />together with all the tenements, hereditaments and appurtenances thereunto helor g. including r_ttached floor coverings, all window screens,
<br />window shades, blinds, storm windowt _ awnings. heating, air conditioning, and plumbing znd watx>-vUg4mentand accessories thereto .pumps,stoves.
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used LT. � - _.section witnt said real estate.
<br />ati:
<br />And whereas the said mortgagor has agreed and does hereby agree that the sty n ^
<br />,,agar shall and will pay all taxes and assessments levied as
<br />assessed upon said premises and upon this mortgage and the bond secured there'.+.' FDy: _are the become delinquent;
<br />same shall to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S payable to said ASSOCIATION and deli w to stud
<br />ASSOCIATION tfo: policies for said insurance; and not to commit or perm?y �� E on or about said premises;
<br />Al '-
<br />In case of default 41 t1h; Pelfamrace of any of the terms and conditions ct 0-n5 m ortgage or the bond seemed hereby, the mortgagee stall.
<br />ou demand, be entitled to i diate possession of the mortgaged premises and :he iaartgagor hereby assigns, transfers and sets over to the
<br />j MUISagee all the rear,, rev maws and income to be derived from the mortgaged prrniuz5 during such time as the mortme indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it rsa' desire for the of repairing
<br />purpose said premises and renting
<br />the same and oallzcting the rents, revenues =d income, and it may pay out of s id : ncome ail a ;penes of repairing Wd premises and necessary
<br />+
<br />commissions . i expenses incurred in renting and managing the same and of collc=ng =10, s r"h.r.-efrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgi gee mss? lhx: •zrercised at any time during the existence of such
<br />de- fault, irrespective of any temporary waiver of the same.
<br />These Presents, however. are upon the Condition, That if the said Mortgagor sh [ repay said loan on or before the maturity 3f said duns by
<br />payment; pay monthly to !aid ASSOCIATION of the sum specified in the 33ond secured hereby as interest and principal on said Bean, on or before
<br />the Twentieth dzy rte. eaz L a r., d every month, until said loan is fully paid; pzy Oil taxes and assessments levied against said premises zn , on this Mortptge
<br />and the Bond a ax ed lhc.eby, before delinquency; furnish approved ins• care Wm *re buildings thereon in the sum of S 2, 5Cn 03 payable
<br />to raid ASSOCIATION; repay to said ASSOCIATION upon demiand all money ty m p,,i3 for such taxes, assessments and. insurarve,w� :h interest at
<br />flit maximum ltgW rate thereon from date of payment all of which Mortgagor fiemh i, 49Y.?., to pay; permit no wastesasaidpremisti ,keep andcoasply
<br />�
<br />with all the 4eements and conditions of the Bond for s 2,500.00 r_cis day y given by the sa : :1Vn-,,-tgagor to said ASStJC<l:tn ?'tON. and comply
<br />with all the taluuements of the Constitution and By -Laws of said ASSCW.iz,.JON; then these
<br />pr c.r;i; shall become null =i void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the iizd ASS!X:IATION after failure for three months to matte any of said
<br />payments or be three months in arrears in making said monthly payments, w as ketTo s:,' comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosac ;-r ?a='_'I't_
<br />If there is any change in ownership of the real estate mortgaged herein, by sale �: �!'r- twice, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The lquitable Building and Loan Association of Grand Island, hebraska,beeome immediately due and payable without
<br />further notice, and the amount remaining due under said bond. and any other bond for any additional advances trade 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 bond for
<br />other additional advances, together with all sums paid by said The Equitable Building and Loan Auociation of Grand 1slutd.
<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 Wind secuted,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 suns be
<br />shall within the security of this mortgage the same as the funds otlgirully
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />ed this 10th d f Me A. p., W 89
<br />O-vra
<br />/ A. McElroy-
<br />I
<br />STATI-: OF NEEF7ASYX, J On this 10th ;z of May
<br />ss'
<br />19
<br />C(yiJK V OF I [ALL , uefote me,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />L y
<br />James B. McElroy and Devra A. McElroy, each in his and her own rig%b
<br />and as spouse of each other are personally known to
<br />the to be the identical person S whose narne S are affixed to the above instrument mortgagor S and they severally
<br />acknowledged the said instrument to be their voluntary act and deed,
<br />WITNhSS my hand and Notarial Seal the date aforesaid.
<br />Mt'u
<br />y mmicsiorl rxpucs � / �
<br />t_61n'LM -aact Nyrary i`uniic
<br />NI .. � .o�.a,. o• Apritif3 � ..,. .- . r" , - ..
<br />4011 M GtA�
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