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<br />88~
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<br />100895
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<br />MORTGAGE
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<br />MORTGAGE LOAN NO. L 24988
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<br />KNOW ALL MEN BY THESE PRESENTS: That Anthony C. Corradi and Jill F. Corradi, each in his and
<br />her own right, and as spouse of each other,
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Fifty Two Thousand Eight Hundred and no/lOa ---------------------------------------~UARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 528 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24988 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />
<br />Lot Seven (7), in Block Three (3), Olde Mill Subdivision, In the City of Grand Island,
<br />Hall County, Nebraska.
<br />
<br />together with all 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 plumbing and water equipment and accessories thereto, pumps, 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 agre('<l and does hereby agree thaI the 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 S 5 2 , 800 . 00 payable to said ASSOCIA nON and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to coU'mit or permit any waste on or about said premises;
<br />
<br />In case of default in the performance of any of the terms anJ 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 />mortg2gee 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 ~me and of coUecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of lhe mortgagee may be exercised at any time during the existence of such
<br />default. irrespective of any temporary waiver of the same.
<br />
<br />Th""" Present., however, are upon the Condition. That if the said Mortgagor shall repay said loan on m before the maturity of said shares by
<br />~yment; ~y monthly to said ASSOCIATION of the sum specified in Ihe >>Ond secured hen:by as interest and principal on said loan. on or before
<br />the Twenlieth day of each and every month, unlit said loan is fully paid; pay alt taxes and assessments levied against said premises and on this Mortgllge
<br />
<br />and the Bond secmed theleby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 52,800.00 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 from date 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 the Bond for S 52,800.00 this day given by Ihe said Mortgagor 10 said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By,Laws of said ASSOCIA nON; then these presents shall become null 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 alfears 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.
<br />
<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 />secured shall. at the option of The Equitable Building and Loan Associaticn of Gland 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 thereunder, shall, from the
<br />date of exercise of said option. bear interest at the JTI.3ximumlegal 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 />1egal rate.
<br />
<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 shall be within the security of this mortgage the same as the funds originally
<br />secured thereby. the total amount of principal debt not to exceed at any time the original amount of this mortgage.
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<br />
<br />
<br />day of
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<br />February
<br />
<br />A. n., 1<e8
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<br />r----~
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<br />J 1 F, Corradi
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<br />STATE OF NEBRASKA, l ss.
<br />COUNTY OF HALL {
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<br />On this
<br />
<br />22nd
<br />
<br />day of February
<br />
<br />1<p8
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<br />, before me,
<br />
<br />L
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<br />Anthony C. Corradi and Jill F. Corradi,
<br />right, and as spouse of each other,
<br />me .to be the identical persons whose name s are affixed to the above instrument as Olnrtgagor S
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<br />acknowledged the said instrumenl to be the i r voluntary act and deed.
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<br />WITNESS my hand and Notarial Seal the date aforesaid.
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<br />My Commission expires II ' <.:< S -.f!
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<br />the undersigned, a Notary Public in and for said County, personally came
<br />each in his and her own
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<br />who
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<br />are
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<br />personally known to
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<br />and
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<br />they
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<br />severally
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<br />Nutary I'ublir
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<br />1.11<ll'll RI
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<br />~.......IIGtMY - 't.,. tllI.t,,",
<br />. JOANNE Q. ROU~
<br />. 1Ir.... fJIp. Now, 25, IMS
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