|
87.._. 104982
<br />Lot Thirty Four (34) plus the South 12.56 Feet of Lot Twenty Seven (27); and Lot Thirty
<br />Five (35) plus the South 12.56 Feet of Lot Twenty Six (26), all in Lafayette Park Sub-
<br />division to the City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereditanrents and appurtenances thereunto belonging, including attached floor coverings, all window screams,
<br />window shades, blinds, storm windows, awnings, heating, air conditihming,and plumbing and water equipment and accessories thereto, pwnps,stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in amnection with said real estate.
<br />And where the sail mortpecr has agreed and does hereby agree that the mortgagor shall and will pay all lazes and ata0amants levied or
<br />amered upon said {remises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to fun sh approved
<br />ire upon the buildings on said premises situated in the sum of S 10,000.00 payable to said ASSOCIATION and to diver to Mid
<br />ASSOCIATION the policies for said nourance; and not to commit or permit any waste on or about said premises;
<br />In case of defdt in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shad,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transits end sets out to the
<br />raNAVg, all the rants. revenues and imoome to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee have the power to appoint any agent or agents it may desire for the purpose of repairing said pMUia& and heating
<br />the crane and collecting the Teats, revenues and inane, and it nay hay out of said income all expenses of repairing said premiaes and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied Upward the discharge of mud mortgage indebtedness; these rights of the mortgagee may be exercised at any time daring the existence of such
<br />irrespective of any temporary waiver of the same.
<br />Thaw Presents, however, are upon the Condition. That if the said Mortgagor shall repay said lean on or before the maturity of said soma by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bred secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully per: lay all taxes and assessments levied against said premises and on this Mortgage
<br />and the goad secured thereby, before delinquency; furnish approved insurance upon the buildings therms in the sum of S 10,000-00 payer
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demsmil all money by it paid for such taxes, assessments and insurance with interest at
<br />the meximma Igpnl Fate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; beep and comply
<br />wM aB the agreements and conditions of the Bond for $10,000.00 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 stall become null and void, otherwise they
<br />slimill emahi in fist force and nay be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />psrya mints or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of mild Bond;
<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 herein, by mile or otherwise, then the entire remaining ihdeMad•ma hereby
<br />seised ahad, at the option of The Equitable Building and Loan Action of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaking due under said bond, and any other bond for any additional advances made thereunder, sag, from the
<br />date of axMtee 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 />bowd,and any other bond for additional advances, together with all am paid by said The Equitable Building and Loan Association of Gtaad prised,
<br />Neisarka for ire, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />As Pwo in the Bond Mcured hereby, what this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />MINIM& of mid Send, three armillem or successors in interest • which sum sell be within the security of this mortgage the same as the funds originally
<br />scrummed thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />17th sty of August A.D., 19 87.
<br />ry L.. 4 Ker
<br />Patricia P. Stalker
<br />STATE OF NEBRASKA. t
<br />f a on thk 17th day of August
<br />lv 87 before me, OF HALL
<br />the undersigned, a Notary Public in and for said County personally same
<br />Harry C. Stalker and Patricia P. Stalker, each in his and her who are panoaallylnownto
<br />mm right and as spouse of each other,
<br />saM to be Pt a whose rant s are affixed to the above imitusrent as mongsSw s and they severally
<br />sidesamaIndpidowreadawiftsmasttobL their voluntary act end deed.
<br />WITNM my hand and Notarad Seal the date aforesaid. ;
<br />My Communion ex 1
<br />ell
<br />,
<br />✓ t.s� - e
<br />ksa� a a Notary I uhtic _
<br />
|