|
<br />MORTGAGE
<br />
<br />87-
<br />
<br />107227
<br />
<br />r
<br />
<br />MORTGAGE LOAN NO. L24.972
<br />KNOW ALL MEN BY THESE PRr,sENTS: That Darrel E. Brundage and Yvonne M. Brundage, each in his
<br />
<br />her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty-Four Thousand and nO/100---------------------------------------------------DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, Upo.l 240 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,972 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />
<br />Lot Four (4), and the North Half of Lot Five (5), in Block Two (2),
<br />
<br />First Addition to Cairo, Hall County, Nebraska,
<br />
<br />L
<br />
<br />together with all the tenements, hereditaments and appurlenances Ihereunto 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 conneclion with said real estate.
<br />
<br />And whereas the said morlgagor has agreed and does hereby agree thaI Ihe 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 S24, 000. uO 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 premises;
<br />
<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 payout 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 />
<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 />paymenl; pay monthly to said ASSOCIATION of Ihe sum specified in the Bond secured hereby as inleresl and principal on said loan, on or before
<br />Ihe Twentielh day of each and every month, unlil said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 24,000.00 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 horn dale of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises;keep and comply
<br />
<br />with all the agreements and conditions of Ihe Bond for S 24,000.00 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 />shaJ) remain in full force and may be foreclosed al the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three monlhs in arrears in making said monthly payments, or to keep and comply with Ihe agreements and conditions of said Bond;
<br />and Mortgagor agrees 10 have a receiver 2ppointed forthwith in such foreclosure proceedings,
<br />
<br />If there is any change in ownership of Ihe real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />_ured 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 other bond for any additional advances made t'tereunder, shall, from the
<br />date of exercise of said option, bear interest at Ihe maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for addilional advances, logether 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, wilh interest thereon, from date of payment at the maximum
<br />legal rate.
<br />
<br />As provided in the Bond secured hereby, while this mortgage remains in errect 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 debl not to exceed al any time the original amount of this mortgage.
<br />
<br />/) Dated this 17th day of December A, 0.,19 87
<br />
<br />/19 ~ "
<br />, euvv.J C;.7. ~~
<br />Darrel E. Brun qge P' /J
<br />'Kit ,n-~\J" m. rY1~..,i/~
<br />onne M. Brundage
<br />
<br />STATE OF NEBRASKA, l ss.
<br />COUNTY OF "ALL {
<br />the undersigned, a Notary Public in and for said Counly, penonally came
<br />Darrel E. Brundage and Yvonne M. Brundage, each in his and her own right and as sP9use of
<br />each other, who are personally known 10
<br />
<br />me'lo be! the idenlical person S whose name S are affixed to the above inslrumenl ~morlgagor S allll they severally
<br />acknowledged Ihe said instrument 10 be their volunlary act and deed,
<br />WITNESS my hand and Notarial Seal the date aforesaid,
<br />
<br />My Commission expires 6, GO GlIEMlIWIJAIlV-stIlt"....., ( '"-,,','.' ;11.. "J/./ '" ~
<br />
<br />... .:r.:. ...~~/ 7-)p,Y-L-~.. , '/.:
<br />
<br />On this
<br />
<br />17th
<br />
<br />December
<br />
<br />19 87 ,before me,
<br />
<br />day of
<br />
<br />I07U,", H'
<br />
<br />..r:~
<br />'d ~
<br />...i~fit.~hlic--
<br />
<br />
<br />
<br />l
<br />
<br />
<br />.'
<br />
<br />-.-1'
<br />
|