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<br />87__107240
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<br />MORTGAGE
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<br />
<br />r
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<br />MORTGAGE LOAN NO. L 24,970
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<br />KNOW ALL MEN BVTIlESEPRESENTS:That Darwin C, Blanchard and Irene C, Blanchard, each in his
<br />and her own right, and as spouse of each other,
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twentv Two Thousand Four Hundred and no/IOO --------------------------------------lOOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 224 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,970 ,do hereby l\Iant, convey and mortgage unto the said ASSOCIATION the following
<br />desc;ribed real estate, situated in Hall County, Nebraska:
<br />Lot One (I), in Block Five (5), in H. G. Clark's Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />
<br />
<br />tOFther with aU 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 plwnbing and water equipment and accessories thereto, pwnps, stoves,
<br />refrigerators, and other fIXtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />
<br />And whereas the said mortgagor 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 Ihis mortgage and the bond secured Ihereby before the same shall become delinquent; to furnish approved
<br />inSUIllDce upon the buildings on said premises situated in the sum of S 22,400.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said iDSUJance; and not to commit or permit any waste on or about said premises;
<br />
<br />In ewe of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortpgee 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 />mortPIJCC 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 necessuy
<br />conunissions 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 />&;-ault, irrespective of any temporary waiver of the same.
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<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity cf 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 />
<br />and the Bond secured thereby, befOle delinquency; furnish approved insurance upon the buildings thereon in the sum ofS 22,400.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and inswance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby al\lees to pay; permit no waste on said premises; keep and comply
<br />
<br />with aU the agreements and conditions of the Bond for S 22,400,00 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 nu!! 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 anears 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.
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<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 />ICCIUCd 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 advanCC$ made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum Iega1 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 />IepI rate.
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<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 shan be within the security of this mortgage the same as the funds originally
<br />_ed thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />
<br />
<br />/J~~~ (f~~:J Decenber A.D.,1987
<br />~~win C, B l~ciZrd ~ J)
<br />-... 0 C .. __1A'. .-""1
<br />/' Irene C,Blanchard
<br />
<br />STA:rn OF NEBRASKA,l ss.
<br />COUNTY OF HALL ~
<br />
<br />On this
<br />
<br />18th
<br />
<br />Decenber
<br />
<br />19 87 ,before me,
<br />
<br />day of
<br />
<br />L
<br />
<br />the undersigned, a Notary l'ublic in and for said County, personally came
<br />each in his and her
<br />
<br />Darwin C, Blanchard and Irene C. Blanchard,
<br />
<br />own right, and as spouse of each other,
<br />me to be the identical person s whose name s a re affixed to the above instrument as mOllgagOl S
<br />
<br />acknowledged the said instrument to be the i r voluntary acl and deed,
<br />
<br />WITNESS my hand and Nolarial Seal the date aroresaid,
<br />. " ,f7 ,,_ /-u' f
<br />My Conunt..lOn expires / ? (ll'vl ,<.t; .. /r: r
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<br />who
<br />
<br />are
<br />
<br />personally known to
<br />
<br />and
<br />
<br />they
<br />
<br />severally
<br />
<br />-j
<br />
<br />'-~,~_[:~_,~J~~.~~__.._._h_._______
<br />Nolary I'ublic
<br />
<br />,//,~:'.j /Z /'
<br />
<br />..f
<br />
<br />..7aJIIil .,
<br />
<br />".IMlIIt'IMV - 1..11 ......u
<br />JOANNE O. ROUSH
<br />My ColM. ~ Mow, 7&.1"
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