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N--"' 100554
<br />MORTGAGE
<br />MORTGAG13 LOAN NO. HI-938- FHA
<br />KNOW ALL MEN BY THESE PRESENTS: That Duane P. O'Neill and Irene E. O'Neill, each in his and
<br />her own right, and as spouse of each other
<br />Mortgagor, :whether one or mote. in consideration of the sum of
<br />Three Thousand One Hundred Fifteen and no /100 -- - - - --- IRS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgage*, upon 32 :taros of stock of
<br />said ASSOCIATION, Certificate No. HI -938 FHA, do hereby gent, convey and mortgage unto the said ASSOCIATION the following
<br />described teal estate, situated in Hall County, Nebraska:
<br />The Westerly One Half (A) of Lot TWO (2), in Block Thirty Four (34) in the Original Town,
<br />City of Grand Island, Hall CDunty, Nebraska,
<br />together with aR the tenements, herediu:t otov.: acd. apPuzrehances thereunto belonging, including attached floor eo,.vr; s, all wiadrasr tr�sens,
<br />window shades, blinds, storm windows, awuwjp ,1. a rq;,.jz a>nditioning,and plumbing and water egnIpmentand accessories t't :tetQ,Gn c�+t0.`t�tZYes•
<br />refrigerators, and other fixtures and equiprnert two v -:c hnmzf.$er 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 a3o assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall oecome delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 3 1 115.00 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 or about said promises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgage* 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 />mongagee all the renis. rcrenuti and h-" Me to ba dcrixd from the awartgaged premL-es dttrir9 S,!ch time ns the mortnee indebtedness shall retrain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said promises 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 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 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. My paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; fuW--, aap:oved insurance upon the buildings thereon in the sum of S 3,115-00 payable
<br />to said ASSOCIATION- repay to said ASSOCIATION *--4.&mand all money by it paid for such taxes, assessments and assurance with interest at
<br />the maximum legal rate thereon from date cE z :a :rat yl aE p'^ich Mortgagor hereby agrees to pay. permit no waste on said premises; keep and comply
<br />with all the agreements and aaeuiitions of eio Bzra cor 3 Sts U-5.00 this day giver by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of zilzi Constitut0m am' B? ;-G ass �yz s3:.i ASSOCIATION; then thew presents shall become null; nkE soid, otherwise they
<br />shall remain in full force ami aray be as ob- Liw n of the said ASSOCIATION after failure for three mondks as make any of said
<br />payments oz be three months in arrears La uti�rA=,f tmuri +i y payments, or to keep and comply with the agreements and, triiitions of said Bond;
<br />and Mortgagor agrees to have foreclosure proceedings.
<br />If there is any change its vwnersii ,�i i x: r.�-4 ear re imirtgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the optooi L 1me Equifa6l? Zu:l&ng e,4 L•wx Association of Grand lslarrd.Nebraska, become immediately due and payable without
<br />further notice, and the amount t'emaininf '3ae undec • sa;. card, and any other bond £or xv. additional advances made diereimder, shall, from the
<br />date of exercise of said option, bear interes: at :he rate, and this mortgage rimy Then be foreclosed to sati4 die amount due on said
<br />bond, and any other bond for additional adi.m„am trMe mr. ,,Wii all sums paid by said The G, =:z ble Bu:Idirsz and Loan Asoocation of Grand Island.
<br />Nebraska for insurance, taxes and assesszx+wts; ittabstmrgLxtension cho'gn.. with iittva'. thereon,.timin date of payittent at the maximum
<br />legal rate..
<br />I As pcgrii'k -4. in. tile, Rand secured hereby, :while this mompage remams in effect the irwitgagee may hereafter advance additional sums to the
<br />inahers of said>vond, titeirrmyms or successors in interest. xbi,::t sums shall be within the -m=ty of this mortgage the swse as the funds originally
<br />secured thereby, the tot J amount of principal debt not to rx::ed at any time the original aannunt of this mortgage.
<br />Dated this 9th day of November A. D., 19 90
<br />Duan
<br />p P. O'Neill. `7f� . �• ,
<br />Irene E. O'Neill
<br />STATE OF NEBRASKA, ss On this 9th day of November 1990 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for saiit'rounty, personally came
<br />Duane P. O'Neill and Irene E, O'Neill, each in his and her own right personally
<br />, •ai d' as ou
<br />spouse of�ea�ch
<br />era .
<br />other
<br />me to be the identical person g whose names are affixed to the above instrument as mortgagor 5 and they severally
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />My Commission expires
<br />���
<br />EMA Votary Public
<br />s -r•2�s to �A.tA1.091
<br />WX 11�Oltaaa b/s NIL S IM
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