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<br />88- ID1616
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<br />MORTGAC;E
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<br />MORTGAGE LOAN NO. L 25006
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<br />KNOW ALL MEN BYTIIESEPRf:SENTS:That Frank W. Dee and Audrey A. Dee, each in his and her own
<br />right, and as spouse of each other,
<br />
<br />'.
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<br />Mortgagor, wh-.:ther one or more, in oolUilkration of the sum of
<br />Forty Thousand and not I 00 ---_-::------------------------------------------------------1X>LLARS
<br />
<br />loaned to said mortgagor by The E(luitahle BUilding ami Luan Association of {;ramllsland, Nebraska, Mortgagee, upon 400 shares of stock of
<br />said ASSOCtATION, Certificate No_ L 25006, do hereby grant. convey and mortgage unto the said ASSOCIATION the following
<br />described real est3te, situated in \lall County, Nebruka:
<br />
<br />Suite No. Six (6), Allene Windsor Square Condominium Property Regime, being part of
<br />Unit One Lot Two (2), Block Eight (8), Replat, Continental Gardens, and Garage "S",
<br />"D" Windsor Square Condominium Property Regime, being part of Unit Four (4), Lot Two
<br />(2), Block Eight (8), Replat, Lvntinental Gardens, both additions to the City of
<br />Grand Island, Hall County, Nebraska.
<br />
<br />together with all Ihe tenements, hereditament, amI appurtenances thereunto belonging, including attached noor oorerings, all window screens,
<br />window shades, blinds, storm windows. awnings, healing. all ,",ondHioning, amI plumbing and water equipment and accessories thereto, pumps,sto~s,
<br />refrigerators, and other fixtUles and eqUIpment now Or he""after allached 10 or used in conncction with said real estate_
<br />
<br />And whereas the said mortgagor has agreed ami docs hereby agree thai the mortga!;Ol shall and will pay all taxes and assessments levied or
<br />assessed upon said premises amI upon this.morlgage 3n,1 the hond secured thercl>y hefore Ihe same shall become delinquent; to furnish approved
<br />insurance upon the building> on said preml:lCS situated In Ihe slim of S 40,000. UO payable to said ASSOCIATION and to delirer to said
<br />ASSOCIATION the policie~ fur said insurance; amtnol III commll or permit any waste on or about said premises;
<br />
<br />In case of defautt in the performance of any of the terms and conditions of this mortgage or the bond sccured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate posse~,ion of thr murtgaged premises and the mortgagor hereby assigrls, transfers and sets over to the
<br />mortgagee all Ihe rents. revenues and income lu be .Ierived from the w.urtgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent ur agent~ it may desire for the purpose of repairing said premi~s and renting
<br />the same and (,'Qllecting the rents, revenues and iuwme. and it may payout of said income all expenses of repairing said premises and neeeSSaI}'
<br />commissions and expenscs incurred in rcnting and rnanal\lllg the same and of collccting rcntals therefrom; the balance remaining, if any, to be
<br />applied toward Ihe discharge of said mortgage indebledness; these righls of Ihe mortgagee may be exercised at any time during the existence ohuch
<br />default, irrespective of any temporary waiver of the saml'_
<br />
<br />These Prescnls. however, are upun the Conditiun ,lbat if Ihe said Mortgagor shall repay said loan on Or before the maturity of said shares by
<br />payment; pay lTh-mlhly 10 said ASSOCIATION of the sum specified in the Bond secured hereby as inleresl and principal on said loan, on or before
<br />the Twentieth day of each and every month. until said loan is fully paid; pay alllaxes and assessments levied against said premises and on this Mortgage
<br />
<br />and Ihe Bond secured thereby. before delilllJuency; furnish approved insurance upon the buildings thereon in the sum of $ 40,000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION \lpon demand all money by it paid for such taxes, assessments and inslIrance with interesl at
<br />the maximum legal rate thereon from date of paymenl all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />
<br />wilh alllhe agreements and conditions of the Bond fill S 40,000.00 this day given by tbe said Mortgagor 10 said ASSOCIATION. and comply
<br />with alltbe requirements of the Constiturion and By-laws of said ASSOCIATtON; then these presents shall become null and void, otherwise they
<br />shall remain in full fore\: and may be foreclosed at the option of the said ASSOCtATION after failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly paymenls. ur 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 pweeedings_
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<br />If there is any change in ownership of the ,.cal 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 Association of Grand Island. Nebraska, become immediately due and payable wilhout
<br />furtber 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 interesl at the maximum legal rate, and Ihis mortg:\ge 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 [sl3nd,
<br />Nebraska for insurmce, taxes and assessments, anll abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
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<br />As provided In the Bond secured hereby, while this mortgage remains in effcct the mortgagee may hereafter advance additional sums to "tbe
<br />makers of said Bond, their assigns III successurs in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby. the tOlal amoulll of prinCipal debt not 10 exceed at any time the onginal amount of Ihis mortgage.
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<br />9).!fd this 31 s t r" day of
<br />
<br />~~ tV, I&Lu.-
<br />Rranly?W. D'7:' f .
<br />(/~d~-c, (I ./~j--<' P--
<br />Audrey !l Dee
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<br />STATE OF NEBRASKA.l ss.
<br />COUNTY or IlALL ~
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<br />l'1arch
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<br />A. D., 19 88
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<br />On this 31 s t day of
<br />
<br />March
<br />
<br />19
<br />
<br />88, before me,
<br />
<br />L
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<br />Frank W. Dee and Audrey A. Dee, each in
<br />and as spouse of each other,
<br />me to be Ihe identio:al penon s whO$(! nallle s are affixed 10 the above IIISlrumenl a~ mortgagor S
<br />acknow\t'dged the said inslrun~nl to he the i r vlllunta. y .!cl and t1ecd_
<br />wn~F.ss my hand and Notarial Sc~lthc ~a}f ahllemd
<br />My C.olllJlIISSlOn l'XpItCS // ~,;( S - eel'
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<br />Ihe undersigned, a Notary l)u!Jlic in and for said County, personally came
<br />his and her own right,
<br />who are
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<br />personally known to
<br />
<br />and
<br />
<br />t hey severally
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<br />i.7~lU "'
<br />
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<br />fQIU.l HfAlY-III1. rII'nrub
<br />~lo. R~
<br />., r.a. &p. Ntv, no 1111
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<br />Nulary Puhlic
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