|
87 10 921
<br />MMTGAGE
<br />MORTGAGE WAN NO. L 24,786
<br />KNM ALL MEN By THFSE PRESENTS: That Terry T. Galloway and Verna M. Gallaway, each in his and
<br />her own right and as spouse of each other,
<br />Man whether Otte or more, in of the
<br />M no /100 of Was
<br />---
<br />!sued to at w by The &pnftable 1 UM and Lou Auhcation of Grand Island, Nebraska, M — ____""_400 _ . l>nI:[ ARS
<br />NW ASSOCIATION, Conifictse No. L °rte ' shines of Nock of
<br />ascribed rah mate, situalod in Hall Cu 24 6 tea: do hereby grant, convey std rrpttg unto the pfd ASSOCIATION the fob
<br />z
<br />The Easterly 'Twelve (12) Feet of Lot Nine (9), and all of Lot Ten (10),
<br />in Block Thirty -tine (31), in Charles Washer's Addition, an addition to
<br />the City of Grand Island, Hall County, Nebraska,
<br />tgetha with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor corer
<br />wkWm shades, blinds, storm windows, awnings, beating, air conditionurg, and plumbing and water equipment
<br />coverings, screens,
<br />refr ®eraton, and other fixtures
<br />and accessories
<br />and equipment now or hereafter attached to Or used in connection with said real estate. �' �'
<br />And
<br />whereas the said mart gagor has agreed and dues hereby agree that the mortgagor shill and will pay all taxes and amemomrsts levied
<br />se'n'd Won mid Premises and upon this mortgage and the bond
<br />of
<br />secured thereby before the same shall become delinquent, to fundsh approved
<br />martce upon the builds on said Premises situated in the sum of S 40, 000. (JO payable to said ASSOCIATION
<br />ASSOCIATTON the policies for said insurance;
<br />and to deliver to r
<br />and not to commit or permit any waste on said or about said premises;
<br />In case of default in the performance
<br />Px n
<br />'
<br />editions of this mortgage or the bond secured hereby, the mortpW loll,
<br />immediate of tlurmortgaged
<br />on demand, be entitled a roues and premises and the Mortgagor hereby
<br />mart asp glue rents, revenges and income to be derived from the mortgaged Y eights, transfers art sets over the
<br />-F
<br />unpaid: and the mmrr8, sash! tyre tin. power to appoint any agent or B� premises during such time as the mart re
<br />the ume agents it may desire for the purpose of repairing 1 mdopremises and remain
<br />Use rents, revenues and income, and it may out �tswas and renting
<br />w and expert pay of said income all expenses of rc
<br />and expenses atcurred in renting aged managing the sine and of collecting rentals therct'rom: tlx dance Marian and necessary
<br />MPPhed• toward the discharge of said rrtortgape indebtedness; these tights of the nwrtgagee n or be therefrom ' if MY' to be
<br />ddeeiimak mrespralive of arty temporary
<br />at an time
<br />waiver of the saute. Y during the exisenm of such
<br />Thee Preaonts, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shsrcs b
<br />id sh
<br />Payment; Pay etamthdy to said ASSOCIATION of the sum specified in the Bond Secured hereby as interest and
<br />the Twentieth day of each and every
<br />principal on aid Bart, before
<br />month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />r
<br />and the Bond secured thereby, before delinquency;
<br />furnish approved insurance upon th a buildings thereon m the win of
<br />W raid ASSOCIATION; repay to aid ASSOCIATION upon demand all money by it paid for such taxes, asseartents and ' (arable
<br />40, 000.00
<br />the maximum legal rate thereon from date of nt
<br />payment all of which Mortgagor hereby agrees to pay; permit rw waste aid insurance with interest at
<br />With a6 the agreements and conditions of the Bond for S 40, 000.00 this da premises; keep and comply
<br />with day
<br />all the requirements of the Constitution and BY of said ASSOCIATION Shen by t said Mortgagor to said ASSOCIATION, and comply
<br />t rc le full force and may he foreclosed at the option
<br />Of the said ASSOCIATION after failure failurree for three months to makee any of aid
<br />Payments of be three months in urea: in making said monthly leymttms, or IO keep and comply with the sgrarrertta
<br />and Mor�agor agrees to have a receiver
<br />t ,
<br />and conditions of acid Bond;
<br />appointed forthwith in such foreclosure proceedings.
<br />If
<br />Yk
<br />there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining irndebtedrxu hereby
<br />accused notice at the option of The remaining Building and Loan Association of [:rand Island, Nebtasq,bec me immediately due
<br />further notice. and the amount rcnairhtng dux under bond,
<br />said and payable without
<br />and any other bond for any additional advances made theretmder, dull, from the
<br />daft Of gmci a of aid option, bear interest at the maximum legal rate, and this mtrtg may then )k foreclosed to satisfy the
<br />boad.n� sty other bond for additional advances, together Y then
<br />afer due on said
<br />with all arts paid by aid The Gti Building and Lon Association of Grand Island.
<br />Nebraslta fnt Mme, taxes and asvean vents, and abstracting extension charges, with interest thereon, Building date
<br />� rasa'
<br />of Payment at the maximum
<br />As provided in the Bond secured hereby. while this mortgage remains in effect the mortgagee my hereafter advance additional sutra to the
<br />makers of said Bond, their assigns or successors in interest, which sums sell be within the security of this
<br />Wound thereby, the total amount of debt the
<br />principal ante as the funds originally
<br />not to exceed at any time t7x Original amount of this mort
<br />!/ Y Of May A. D., 19 87
<br />y --
<br />e
<br />Verna M. Galloway
<br />STATE OF NEBRASKA,
<br />COUNTY OP HALL e_ On this 20th day of May 19 87 , before me,
<br />IN Terry T. Galloway and Verna M. Galloway, each t nmhisand her
<br />PerpualtYanae
<br />own rigtCr,
<br />each other, w� as spouse of
<br />known
<br />ms in be ft " are P'" to
<br />h pet � 3 whom rune �^ are atfoxed to the abO w instrunic its mortgallut S
<br />and they sevorallY the ad rumml lobe
<br />(heir whmtuy aand dram. ,
<br />WTNESS my haul ail Notarial Sail the date aforesaid.
<br />MY Convomakin expires
<br />e.
<br />a»Prt at ..:.
<br />tiara Ivu66c .___..
<br />
|