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<br />88-
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<br />105126
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<br />MORTGAGI!
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<br />MORTGAGI! LOAN NO.
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<br />!:NOW AU. MI!N BY TIlES\! PRESI!NTS: ThaI Irene E. 0' Neill end Duane P. 0' Neill, each in her and
<br />his own right, and as spouse of each other.
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<br />HI
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<br />BB9
<br />
<br />FHA
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<br />MortPBOl, whether one or more. in c:onlidcralion ofthc IWD of
<br />One Thousand and no/l00 --------------------------------------------------------DoLLARS
<br />
<br />loaned to said mortpgor by The Equitable Building and Loan Association of Grand Island, Nebraska. Monpgce. upon 10 IhucI of Itoc:k of
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<br />Rid ASSOCIATION. CertIn",lc No. ~I B89 FHA. do hereby granl, cnnvcy and mortgage unto l/ul ald ASSOCIATION l/ul following
<br />dnCTibcd real estate. situated in HaU County, Nebraska:
<br />
<br />The Westerly One Half (~1) of Lot Two (2), in Block Thirty Four (34), in the
<br />Original Town, now City of Grand Island, Hall County, Nebraska.
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<br />together with aU the tenements, hereditaments and appurtenances thereunlo belonging, including attached floor coverings, all window screC'DS.
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water cquipmcnland accessories lhcreto.pumps.5toves.
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said leal estate.
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<br />And whereas the aid morl!jil6Or has agccd and don hereby agree Iholt the mortgnsor shall and will pay aU taxes snd U!IIeDIDenlS levied or
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<br />=ndteU~~n~c ~uiI~P a:: ::np~==:~c~~: :~: ~;~~cur:d~O:~Obcrore ~~b;:mt: ~ ~~:~~6~n~:t='tn::
<br />ASSOCIA nON the policies for said insurance; and not to commit ur permit nny waste on or about aid prcmiJcs;
<br />In case of default in the performance of any of the terms and cumJitions of this mortgage or the bond secured hereby. the mortgagee sh.all.
<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 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 shaD have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and Rnting
<br />the same and collecting the rents, fCYCnues and income. and it may pay nut of said income all cxpenses of repairing said premises and necessary
<br />wmmissions and expenses incurred in renting and managing the :Jamc and of cullcctin& renlal:; therefromj the balAnQC rcmaininSI if any, to be
<br />applied toward the discharge of said mortgage indcblcdnC$S; IhCJC rights of the mortgagee may be exercised at any time during tbe existence of such
<br />default, incspectil'C of any temporary waiver of the same.
<br />11lese Presenls. bowe\'er. are upon the Condition. That if the said Mortgab'Or shall repay said loan on or before the maturity of said shares by
<br />payment; pay monOdy to said ASSOCIATION of the sum specified in the Dond secured hereby as interesl and principal on said loan, on or before
<br />lhe Twentieth day of each and every month, until said loan is fully paid; pay aUlun and assessments levied against said premises llDdon this Mortpge
<br />and the Bond secured thereby, before delinquency; fwnish approved insurance upon the buildings thereun in the sum of S 1 , 000 . 00 payable
<br />10 said ASSOCIATION; repay 10 said ASSOCIATION upon demand all money by it paid for such taxes, asscuments and insurance with interest at
<br />the maximum legal rale thereon from date of payment all of which Mortgagor hereby agrees 10 paYi permit no waste on said prcmiscsjkccp and comply
<br />with aU the agreemcntsldld conditions oflbe Bond for S1, 000.00 thi. day given by the said Mortgagor 10 said ASSOCIATION, and comply
<br />with aU the requirements of the Constitution and By-Law! of said ASSOCI^ TION; then these presents shall become null and void, otherwise they
<br />shall 'icmain in full force and may be foreclosed at the option of the said ASSOCIA nON after failure for three months to make any of said
<br />payments or be Ihree months in anears in making said monthly payments, ur to keep !lnd comply wilh the agreements and conditions of said Bond;
<br />and Mortgagor agrees 10 have a receiver appointed forthYJith in such foreclosUJc plllcccdlngs.
<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 sIWl. at the option of The Equitable Building and L.mn Al.1Oi:iltlon of Grand JalamS.Nebruka,bccomc inuncdiately due md payable without
<br />further notice, and the amount remaining due under laid bond, and any other bond for Dny additional advances made thereunder ,1haU, fwm the
<br />date of exerd:ic of said option, bear interest at the maximum legal n1le,and this morlpsc may then be foreclosed 10 satisfy the amount due OD said
<br />bond. and any other bond for additional adVlllCCS, together with allmJ1lS paid by said The Eqllitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance. taxes and uscumen1s, and abstncting extension eharges, with intcrest thereon, from date of payment at the muimum
<br />leplralc.
<br />As provided in the Bond secured hereby. wlu1e this mortgage rcmains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of aid Bond. their assigns or successors in interest, which sums shaIl be within the security of this mortgage the same as the funds originally
<br />ICCURd thereby. the total amount of principal debt nol to exceed al any lime Ihe original amOURI of this mortgage.
<br />Dated lhiJ 16th day of September A. D., 19 BB.
<br />~~'Q2/71-P~
<br />.Lrene E. 0 i .
<br />f1~.f1:i.~~
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<br />STAT\! OF NElIRASKA. f
<br />...
<br />COUNTY OF HALL
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<br />On this
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<br />16th day nf
<br />
<br />September
<br />
<br />19 BB . before me.
<br />
<br />
<br />O'Neill,
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<br />each in ~~de=e1;i~o~nPu:rgtitm:d for WdCounty. penonaUycame
<br />wbo are penoDllly known to
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<br />mortgagor S and they severally
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<br />..71.211 ..
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