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<br />I
<br />
<br />MORTGAGE
<br />
<br />88- 10t92'O
<br />
<br />MORTGAGE LOAN NO. L 25014
<br />
<br />ADD'L.
<br />
<br />KNOW ALL MEN BYTIIESEPRESENTS: That Patrick H. Ryan and Diana K. Ryan, each in his and her
<br />own right. and as spouse of each other,
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Fifteen Thousand Five Hundred and nollOO ------------------------------------------DOLLARS
<br />
<br />loaned to said mortgagur by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 155 shares of stock of
<br />said ASSOCIATION, Certificate No. L 25014 ADDL do hereby grant, convey and mortgage lmto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />
<br />Lot Twenty Nine (29), Block "D". in Parkview Subdivision, located in the Northeast Quarter
<br />(NE%) of Section Twenty Nine (29), and the N0rthwest Quarter (NH%) of Section Twenty Eight
<br />(28). all in Township Eleven (II) North. Range Nine (9) West of the 6th P.M.. Hall County,
<br />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 agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this murtgage 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 15.500.00 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 premises;
<br />
<br />In case of default in the performance of any of the terms and conditions of tltis mortgage or the bond secured hereby, the mortgagee shall,
<br />OR 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 balancl' 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 Cundition, 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 fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />
<br />and the llond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 15,500.00 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 l~gal 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 Bund for $ 15.500.00 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 />shall remain in full force and may be foreclosed al the optiun of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears 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 .eceivcr 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 t!\e 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 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 Qption, bear interest at the maximum legal 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 chargeG, with 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 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.
<br />
<br />3th day of April A. D., 19 88.
<br />
<br />
<br />On this
<br />
<br />13th
<br />
<br />day of
<br />
<br />April
<br />
<br />19 88, before me,
<br />
<br />Patrick W. Ryan and Diana K. Ryan, each in
<br />aad as spouse of each other.
<br />me to be the identical per~mS whose name S are affixed to the above instrument as Illortgagor S
<br />
<br />acknOWledged Ihe bid instrument to be the i r voluntary act and deed,
<br />WITNESS my hand and Notarial Scallhe date aforc~aid,
<br />
<br />My COlllmiss!ulI expires // ~ 0(5 - tel'
<br />
<br />the undersigned, a Notary Public in and for said County, personally came
<br />his and her own right, I
<br />w lO are personally known to
<br />
<br />and
<br />
<br />the Y severally
<br />
<br />~oJ.IW fit
<br />
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<br />Notary I'uhlk
<br />
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