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<br />MORTGAGE -- - -. - � 7— 102474
<br />MORTGAGE LOAN NO. __L___-24. 769
<br />KNOW AU. MEN By THESE PRISENTS: That John M. Cunningham and Sarah C. Cunningham, each in his
<br />and her own right and as spouse of each other, Mortgagor, whether one or mare, in corkidiintion of die aumt of
<br />3ev� _ent.'J�-Five Thousand and oq: --- ------------------------- =77n=7DOLLARS
<br />to said mortgagor by The Equitable Bui dirt and Loan Association of Grand Island, Nebradcs, Mortgagee, upon 750 shares of mock of
<br />laid ASSOCIATION, Certificate
<br />in Hal L 24f769 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described tea! eNSte, situated in Hall County, Nebraska:
<br />The Easterly Forty Feet (4011) of Lot Seven (7) in Block Thirty -One (31)
<br />and the Westerly Forty Feet (401) of Lot Nine (9) in Block Thirty -toe (31)
<br />and All of Lot Eight (8) in Block Thirty -One (31) All being in Charles
<br />Wasmer's Addition to the City of 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, au wnditioning, and plumbing and water equipment and accessories her 0, pumps, stoves,
<br />refrigerators, and other futures 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 "Ore the sane shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of $75, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste an or about said premises;
<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 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 shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the 'ante and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />comma ions and expenses incurred in tenting and managing the sane and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespeclivc of any temporary waiver of t he same.
<br />These Presents, however. are upon the Condition, That if the said Mortgagor dhall repay said loan on or before the maturity of said shares by
<br />payment; pay mumthhy to said ASSMATION of the sum specified in the Bond secured hereby as interest and principal on said ban, on or before
<br />the Twentieth day of each and every rrxmth, until said loan is frilly 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
<br />to said ASSOCIATION; repay to said ASSOCIATION u 7S, 000.00 payable
<br />porn 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 pay; permit no waste on said premises;keep and comply
<br />with all the agreements and conditions of the Bond for 95, 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall retrain 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 />and Mortgagor ag r reel months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />gagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by ale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the the option of The maiming Building and loan Association of Crand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, stall, from the
<br />date of exercise he said option, hear interest at the maximum tgal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />Nebraska 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, lazes and asaeastrents, and abstracting
<br />� rate. extension charges, with interest thereon, from date of payment at the maximum
<br />As proved in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />maters of mW Bond, their assigns or successots in interest, which sums shall be within the security of this mortgage the same as the funds originaty
<br />secured thereby, the total amo of principal debt not to exceed at any time the original amount of this mortgage.
<br />24 day of April A. D_ 1987
<br />rah C. onto
<br />3TATEOF NFBRASKA,
<br />COtmrry OE FULL On this 24th day of April
<br />sec I987 before me,
<br />JCrhtt M. Cunningham aril Sarah C. Cunningham, eaciminn s'aNrg'Publ�and f id t perxmall same
<br />of each other, er ght ahocrh spouse
<br />who are personally known to
<br />tws to be the identical person S whmee name
<br />5 are affixed to she strove instrument as trrortgur g and they severally
<br />the instrtumni to be their voluntary act and deed.
<br />WITNf &S my Past and Notarial seat the date aforesaid. /
<br />My Cnmrnimm exptrcd
<br />r:'nusaNar Notary Public L, X-7
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