|
10RTGAG
<br />his indenture Witnesseth, That, F1RST CHRISTI AU- CHURCH
<br />..Hunnicutt, Karen A, _Bortz -and Francis D. .Kirkpatrick,._ as its
<br />cha!r,ftfott, Secretary_.and.Trea- . rer,_,r spectivnl,y,
<br />_ . County, in the3 State of.. _ _Nebras.k :_.. -.
<br />RTGAGE AND WARRANT to BOARD OF CHURCH EXTENSION OF DISCIPLES OF CHRIST, a corporation organized under the laws of
<br />State of Indiana, of Marion County, in the State of Indiana, the following described REAL ESTATE situated in Ha 11 County, in
<br />State of Nebraska to -wit
<br />Lots One (1), Two (2), Three (3), Four (4), Five (5), Six (6), Seven (7),
<br />Eight (8), Nine (9), Ten (10), Eleven (11), Twelve (12), Thirteen (13),
<br />Fourteen (14), Fifteen (15) and Sixteen (16), Block Two (2), in Cunningham
<br />Subdivision, an Addition to the City of Grand Island, Hall County, Nebraska.
<br />to secure the payment, when the same shall become due, of _ ___ _..__..___....__., promissory note and any modification of said
<br />note , as provided for therein as to extension of date of maturity and /or change in rate of interest, executed by the Mort-
<br />gagor and dated_. _.._._ _ __._._ 1987 namely.
<br />Note..._ __ .tors-_ 3-9 000 -00 __.. bearing interest from said date at the rate ot_ l0 _._____% per annum and being payable in monthly
<br />installments of at least 016. 00 _. per month, said payments commencing on the first day of the month that begins not less than 15 days
<br />after date principal funds are disbursed by the Board of Church Extension of Disciples of Christ, said payments to cover both principal and interest. the
<br />balance of principal and interest being due and payable in full on or before ._three__(31-years after . first __ payment .._date..
<br />the payments aforesaid to be payable t o t he order o f t he Mortgagee, Board Of Church Extension of Disciples Ot Christ, at Its office, I I South Downey
<br />Avenue. Indianapolis, Indiana, or such other place its the owner or holder hereof may designate in writing; said payments to.ba'apphed first to pay the
<br />interest due and the balance, it any, to the principal. the amount of principal upon which interest is to be paid to be adtitsA6as+;ff Month, that is, the
<br />unpaid balance of principal at thebeginningof each monthshall betheprincfpat upon which interest shall be pa!dfor tp�i n�Qr�h.'Faifure to pay
<br />any installment of said note when due shall bring the unpaid balance of said note due and collectible at the opt �(v4oklgai #g' E�; s, `
<br />This mortage shall also cover any additional advances made by the Mortgagee to the Mortgagor at the option Ql the 4tn'ap'`t!etttshall
<br />the amount advanced exceed the original amount of this mortgage.
<br />The Mortgagor expressly agrees to pay the sums of money above secured, without relief from valuation or pndl{'h atlgrneys
<br />tees, and upon failure to pay any part of the mortgage debt, principal or interest, then all of the mdrt gage dlbt 8gea to
<br />become due and collectible and this mortgage maybe foreclosed accordingly. It is further agreed that 4 the t;i1" Or tf3.Qp, nyorailof
<br />the mortgagedeot asa becomesdue, and should suit be instituted to foreclose said mortgage, thentl MO*t a 4fii ttt pgssession,
<br />rents and profits of said feel estate from the time of such default. Said rents to be applied upon said mortgage debt, Ifia t .nom, ifany,11is
<br />further expressly agreed that. until Ali of said mortgage debt shall be paid, said Mortgagor shall keep all legal taxes, a t+f ,rid charges against
<br />said premisespaidasthesame become due. and shall keapthe building theron Insured by such insurance company or Go 0tSlife� Ns shall be approved
<br />r
<br />by the Mortgagee, lot the henefit of the Mortgagee, as its interest may appear, to the amount of its full insurable value but nol
<br />than s.. 39,000,..00 _. and failingtodo so. said Mortgagecrcay pay said taxes or insurance.,tnd the Arr0unt so raid, with twelve poi €nf inlerr=�i t
<br />thereon; shall tie a pail of the debt secured by this mongaga. j
<br />7hfl Mfxr t�}a r7e aO. asea -.�; t *_� trrcur luriner indehledrsess. dire"t ne Indtra<: t. w.i',ept uoll,, the ktr.pres9 a -I,er• c. ��r sent r7! the
<br />4krerH$ n i f n L'a qta , rrr ire Y we a, ^y rr.a HysMt(+€ewl— by Pry: church to (rainy !hv vl. we €teaU I.ed r� �t�� r , �tir,n�l R e i Ir•, r 1 nh i�_ ^.hnr ..
<br />iv 4hcv:il w n,en ,or*t.rnf ct t#te M r+.gagec " \l
<br />/ A
<br />Prepared Ily
<br />A e la, tuba C 4._...
<br />
|