|
87- 101732
<br />MORIVAGE _
<br />f MORTGAGE LOAN NO- T. 24,752
<br />i MOW ALL MEN BY THESE PRESENTS: That James S. Cummings and Colleen K. Cummings, each
<br />in his and her own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the a® of
<br />FDr?- y —,jgh* Thausanri gFairAn HiindrLmd and nnjnn ------------------- - --- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grams Island, Nebraska, Mortgagee, upon 487 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24 r 752 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Two Hundred Twenty —Eight (228), Excepting the Northerly
<br />Six Feet (N6') Thereof, and all of Lot Two Hundred Twenty—
<br />Nine (229), in "Belmont "„ An Addition fo the City of
<br />Grand Island, hall County, Nebraska.
<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 theteto,pmtips,stoxx
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate -
<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 mortgage 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 S4 8 , 7 0 0 . 0 0 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 />In case of default in the performance of any of the terms and conditions of this mortgam or the bond secured hereby, the mortgages: shalt,
<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 stall rennin
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premees and ru>AtOfg
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said praises and neoessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals thetr£rom; the balance remaining, if airy, to be
<br />- applied toward the discharge of said mortgage indebtedness, these rights of the mortgagee tray be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor stall repay aid ban on or before the maturity of said shoes by
<br />.payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said berm, an 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 />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 4 8 , 7 00 . 0 0 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 legal rate thereon from date of payment all of which Mortgagor hereby agrees to pry; permit an waste on said premies;keep and comply
<br />with all the agreements and conditions of the Bond for S 4 8 17 0 0 . 0 Obis day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -taws of said ASSOCIATION; then these presents shall become nit 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 aid Hand-
<br />'
<br />. and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged hereut, by ale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due andpayable without
<br />further notice, and the arrount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, 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 Budding and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sumo 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 finds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this morq g _
<br />ed this tt' day of March A- D-,198 7
<br />i�
<br />colleen K u n
<br />o een umm>.ngs
<br />STATE OF NEBRASKA. s. COUNTY OF HALL On this 19th day of March 1987 , before one,
<br />� ,.
<br />the undersigned, a Notary Public in and for said County, personally came
<br />James S. Cummings and Colleen K. Cummings, each in his andwAer own personally known to
<br />right and as spouse of each other,
<br />me to be the identical pers, m s whose name s a re affixed to the above instrument as mortgagoiS and they severally
<br />acknowledged the said instrument to he their voluntary act and deed. ^
<br />WITNNSS my hand and Notarial Seal the date aforesaid. _
<br />My Commission expires��c�
<br />Notary Public 16742M as SIMWiISM- haltnIlaawaaa
<br />JOAN K 0. ROUSH
<br />Mp 6tttta ip, Mss. 2S, IfN j
<br />
|