|
<br />88-103577
<br />
<br />MORTGAGE
<br />
<br />MORTGAGE LOAN NO. L 25082
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: ThaI
<br />
<br />Danny L, Daniel, an unmarried person
<br />
<br />~'.~
<br />
<br />Mortgagor, whether one or more, In consideration of Ihe sum of
<br />Thirteen Thousand Six Hundred and no/IOO ------------------------------------------DoLLARS
<br />
<br />loaned 10 said morlgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, >'\ortgagee, upon 136 shares of stock of
<br />
<br />said ASSOCIATION, Cerlificate No, L 25082 , do hereby granl, convey and mortgage unto Ihe said ASSOCIATION the follOWing
<br />described real eslate, situaled in Hall County, Nebraska:
<br />
<br />
<br />Lot Seven (7), in Fractional Block Three (3), in Arnold and Abbott's Addition to the City
<br />of Grand Island, Hall County, Nebraska.
<br />
<br />together with all the tenements, hereditaments and appurtenances thereunto belnnging, including auached floor coverings, all window saeens,
<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 aU ached to or used in connection with said real estate,
<br />
<br />And whereas the said mortgagor has agreed and does hereby agree Ihat 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 the[!:b\!, before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of $ 13, 60u , uO payable to said ASSOCIA nON 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 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 />mortgagee all the renls, 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 appoinl 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 lhe same and of collecting rentals therefrom; the balance remaining. if any, to be
<br />applied toward lhe discharge of said mortgage indebtedness; these rights of the morlgagee 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 Condition, That if the said Morlgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of lhe sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentielh day of each and every month, until said loan is fully paid; pay all taxes and assessments levied againsl said premises and on this Mortgage
<br />
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings lhereon in the sum of $ 13,600,00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by il paid for such taxes, assessmenls and insurance wilh interesl 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 $ I 3 , 600 ,00 this day given by the said Mortgagor to said ASSOCIA nON, and comply
<br />with all the requirements of the Constitution and By.Laws of said ASSOCIATION; then Ihese prelCnts 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 arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Morlgagor agrees to have a receiver appointed forthwilh 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, al the option of The Equitable Building and Loan Association of Grand lsland,Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any olher bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rale, 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 exlension charges, 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 />inakers 0 said Bond, their assigns or successors in inlerest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, Ihe total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />
<br />Datedlhls 1st day of July A,D.,19 88
<br />
<br />~ ~;O~~
<br />Danny . nl.e
<br />
<br />STATE OF NEBRASKA,l 55.
<br />COUNTY OF HALL ~
<br />
<br />On this
<br />
<br />1st
<br />
<br />day of July
<br />
<br />19 88 ,bef~re me,
<br />
<br />the undersigned, a Notary Public In and for said County. personally came
<br />
<br />Danniel L, Daniel, an unmarried person,
<br />
<br />who
<br />
<br />is
<br />
<br />personally known to
<br />
<br />me to be the identical person whose name is affixed to the aboye Instrument as mortgagor
<br />acknowledged Ihe said Instrument to be his voluntary acl and deed,
<br />WITNESS my hand and Notarial Seal the date aforesaid,
<br />My Commbsion expires // ~ ~ 7ft'
<br />
<br />IUllML IlOTAlIY- .'.1..,........
<br />JOANNE Go ROUSH
<br />.., CDM. Ellp. Nor. zs. I"
<br />
<br />and
<br />
<br />he
<br />
<br />severally
<br />
<br />.,1,." 111
<br />
<br />, 2c~tLC (Zuz,
<br />
<br />'--r Nolary J'ubllc
<br />
|