87106226 - Laserfiche WebLink

Browse

MORWAGE 7 - 06 - MORTGAGE LOAN NO. L � .. ALL URN BY111MF.PRESF.NTS ;That Scott A. Condon and .lulu K. Condon, each in his and her own right, and as spouse of each other, M r, whather one or more, in consideration of the sum of Thirty Seven Thousand Five Hundred and no /100 ------------------------------ - --- - -- DOLLARS band to said mortgagoir by The lEquitable Budding an» Loan Associatiote of Grand :send, Nebraska, Mortitagn, upon 375 sheiresofoockof aid ASSOCIATION, Cartificata No. L 24923 , do hereby grant, convey and mortgage unto the and ASSOCIATION the (allowing rsat estate, situated in hull County, Nebraska: Lot Five (5), Block Fourteen (14), Scarff's Addition to West Lawn, to the City of Grand Island, Hall County, Nebraska. together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor oriverings, all window scram, window slides, blinds, storm windows, awnings, hating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stem, refrigerators, and other futures and equipment now or hereafter attached to or used in connection with said real estate. And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessiments levied or assessed upon said (remises and upon this mortgage and the bond secured thereby before the same stall become delinquent; to furnish approved Insurance upon the buildings on said premises situated in the sum of S 37 , 500.00 payable to said ASSOCIATION and to deliver to said ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises; In car of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall, on demand, be entity to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the all the rents, revenues and inounic to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain unpaid; and the mo stall have the power to appoint any agent or agents it may desire for the purpose of repairring said prinnises and mating the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary commassions and expenses incurred in renting and mitioging the same and of collecting rentals therefrom; the balance remaining, if any, to be applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such dvfmdt4 irrespective of any temporary waiver of the same. These Presents, however, are upon the Condition, That if the said Mortgagor sell repay said loan on or before the maturity of said shares by payment; easy monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said ban, on or before 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 "Mortgap and the Bond seared thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 370500.00 payable to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at 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 with all the agreements and conditions of the Bond for $ 37 500.00 this day given by the said Mortgagor to said ASSOCIATION, and comply with ad the requirements of the Constitution and By -taws of said ASSOCIATION; then thew presents sell become null and void, otherwise they died 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 payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond; and Mortsigor agrssa to have a receiver appointed forthwith in such foreclosure proceedings. If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remainift indebtedness hereby wowed shall, at the option of'I'le Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, snU, frwn the data of exercise of said option, ben interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the smouht due on said bond,and any other bond for additional sdvaoces, together with all wrma paid by said The Equitable Building and Loan Association of Grand Island, Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum . As provided in He secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional srma to this awkera of said Band, thou assigns or successors in interest, which sums shall be within the security of this mortgage the soma as the funds originally thereby, seessred the total amount of princiiial debt not to exceed at any time the original amount of this mo uteri -t 21s; October October A.D., 1987 . La --- A. (o on Ji ie %. Condon STATE CW NURAWA, se. On this 21st OF BALL day of October 14 87 , before me, COUNTY the undersigned, a Notary Public in and for said County, personally prate Scott A. Condon and Julie K. Condon, each in his and her own right,who are personally known to sad as spouse of each other man to be the Anitical person a whose mane a are affixed to the above instru 'rat sy�tmrtpgur n and they sevan dly admisvilividgad this to be their voluntary act and dead. y7 VVITNM my hand and Notarial Sall the date afore My t`h � 9 / �' L Oman I" i �.