|
<br />88- 1030/J6
<br />
<br />MORTGAGE LOAN NO. L 25 .065
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: That Raymond Trueman and Elaine Trueman, each in his and her
<br />own right. and as spouse of each other,
<br />
<br />MORTGAGE
<br />
<br />Mortgagor. whether one or more ,in conlideration of the aum of
<br />!hirty Thousand and no/100 ---------------------------------------------------------DOLL~RS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Associatiem of Grand Island, fIIebrlllka. Mortgagee, upon 300 sharelofstock of
<br />said ASSOCIATION, Certificate No. L 25.065 ,do hereby granl, convey and nl'Jrtgage unto the said ASSOCIATION the following
<br />described real estate, situated in HaU County, Nebraska:
<br />
<br />Lot Sixte~n (16), Amended Block Six (6). Continental Gardens, an Addition to the City of
<br />Grand Island. Hall County. Nebraska,
<br />
<br />logether with all the tenements, hereditaments and appurtenances thereuntu belonging, including allached floor coverings, all window screens,
<br />wlOdow shades. blinds. storm wlOdows, awmngs, healing. air conditioning,anct plumbing and w.ter equipment and accessories thereto, pumps. stoves,
<br />refrigerators, and other fixtures and equipmentnuw or hereafter allached to or used in connection with said real eslate.
<br />
<br />And whereas the said mortgagor has agreed and dues hereby agree Ihal Ihe mortgagor shall and will pay all taxes and lIuessment5 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 />insurbnce upun the buildings on said premises situated in the sum of S 30,000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the poliCies for iBid insurance; and nol to commit or ~rmil any waste on or about said premises:
<br />
<br />In = of default in the ~rformlln~e of any of the terms .nd conditions of this mortgage or the bond secured hereby, the mortgqee shall,
<br />on demand. be entitled 10 immediate possessIOn of Ihe mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and inCtlme to be derived from th. lI!urlgaged premises during su~.h time as the mortgage indebtedneu shall remain
<br />unpaid; and tlie mortgagee shall have the power 10 appoint any agent or agents it moy desire for the purpose of repairing said premises and renting
<br />the same and collecting the rems, revenues and income, and it may payout of said income all expenses of repairing said premises lIDd nece5S:lry
<br />commissiOll> and el<penses mcurred in renting and mafillging the same and of conecting rentals therefrom: Ihe balance remaining. jf lIny, to be
<br />applied toward the discharge nf said mOllgagc indebledness; these rights of the mortgagee maybe exercised at any time during the existence of such
<br />defaull, irrespective llf any lemporary waiver of the sa!ne,
<br />
<br />These Presents. huwever. are upon the ConditIOn. That if Ihe said Mortgagor shall repay said loan on or before the maturily of said shares by
<br />payment: pay monthly tu said ASSOCIATION of the sum 5~cified in the Bond secured hereby as intereSI and principal on said loan, on or before
<br />the Twentieth day of each and C'very monlh. until SJlId loan IS fully paid: pay all taxes and assessments levied against said premises and on thisMortgage
<br />
<br />and the Bond secured thereby, before delinquency. furnIsh approved insurance upon Ihe buildings Ihereon in the sum of $ 30.000.00 payable
<br />10 said ASSOCIATION; .epay tu said ASSOCIATION UpOIl denlllnd all money by it paid for such taxes. assessments and insurance with j"terestat
<br />the maximum legal rate thC'reon frum dalC' of payment all of which Mongagor hereby agrees to pay; permil no waste on said premises; keep and comply
<br />
<br />with all the agreements and condillons of the Bond for S 30,000.00 this day given by the oaid Morlgagor to said ASSOClA TION, and comply
<br />with all the requirements of the Constil ution and By.Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />wI! remain in full force and may be foreclosed 31 the opllon of the &:lid ASSOCIATION after failure for thre:: months to make any of said
<br />payments or be Ihree 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 receiver appointed forthwith in such foreclosure proceedings.
<br />
<br />If there is any change in ownership of the leal estate mortgaged herein, t>y sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, al the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />funher notice, and Ibe amount remaining due under oaid bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of SJ.id option, bear interest al 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 ailditional advances, logcthcr with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />, Nebraska for insurance, tllXe~ and asseS!lllents, and abstracting eXlension charges, with interest thereon, Irom date of payment at the max.imum
<br />legalrale.
<br />
<br />As provided in Ihe Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />rmkell of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the fundsoriginal1y
<br />secured thereby, the total amount of prinCipal debt nut tu ex::eed at any time the original alnount of this mortgage.
<br />
<br />
<br />~lhiS 9JZ:;~~/- A.D..1988
<br />~,o;~~ r
<br />X El:i~:~~::n WA~-r?>
<br />
<br />STATE OF Nf.D~I'.A.. -0
<br />53.
<br />COUNTI' OF~
<br />~~
<br />Raymond Trueman and Elaine Trueman, each in
<br />and'Cls spouse of each o~ber,
<br />mt 10 be the idenlicalper.,n & wh~Se name s a r€ affixed 10 Ih. mbo", instrument 35 murtgagor 5
<br />acknuwledged thc,w;i instrll~ntlo:bt ',-t~tlir voluntary act and deed.
<br />\\i'liN~~ly)la,lli:8l1d'Ni>l~rial Seal the dale aforesaid.
<br />M~'coTlli1~nalon;i~be, a 3.J' 7
<br />
<br />On this
<br />
<br />r~
<br />
<br />~~
<br />..,'
<br />Ibe undersigned, a Notary Public in and for llIid County, personally came
<br />his and her own right,
<br />who are
<br />
<br />person Illy knoWlllo
<br />
<br />day of
<br />
<br />19 8.!!?, before me,
<br />
<br />and they
<br />
<br />se\'erally
<br />
<br />.',n1IU
<br />
<br />"
<br />/:,~/ - , . ''J
<br />J;;:l.'~ <~~-~_<:~~__~_'_J?--'-.f:,;::_"_.z.f.s~~
<br />F .' NulAIY Pubhc
<br />
<br />"
<br />
|