86100950 - Laserfiche WebLink

Browse

gg_. 100950 MORTGAGE _ MORTGAGE LOAN NO. T 24,461 KNOW ALL MEN BY TTTFSE PRESENTS: That James R. Holtgrewe and Barbara L. Holtgrewe, each in his and her own right and as spouse of a other, Mortgagor. whether one or mote, m eaaodusbust of the sasts of and no /1 - -- issrad to said mhn►thPBa by The Equitable balding and Loan Association of Grand Island, Nebraska, Mortgagee, upon 304 shares of stock of said ASSOCIATION, Castdivate No. L 24,461 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following daaarlad sd estate, situated in Hall Comity. Nebraska: Lot Three (3), J.S.C. Subdivision, in the City of Grand Island, Hall County, Nebraska. together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens, window shades, blinds, strum windows, awnings, heating, air conditioning,and plumbing and water equipment and accessories thereto,pumpa stoves, refriserstors, and other fixtures and equipmeirt 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 asseannents levied or amesed upon said prer and upon this mortgage and the bond secured thereby before the same sh.A become delinquent; to furnish approved ate„ —awR upon the batddiegs on said premises situated in the sum of S 30, 400.00 payable to said ASSOCIATION and to deliver to said ASSOCIATION the policies; for said irtauana; and not to commit or permit any waste on or about said premises; In case of default in the performance of any of the terms and conditions of this mortgage or the bond segued hereby, the mortgagee shag, on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the mortise all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtednest shag remain unpaid; and the mostgagoc shall have the power to appoint any agent or agents it may derue for the purpose of repairing said premises and renting the s aar and colectirg the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary coons and expenses incurred in renting and managing the sane and of collecting rentals therefrom; the balance remaining, B any, to be alsplied toward the disdarge of said mortgage indebtedness; thew rights of the mortgagee may be exercised at any time during the existence of such cult. irrespective of any temporary waiver of the same. Tbeae Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by payment; pay 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 a^rh every mrmth, until said Bann is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage and the Bond secured thereby, before delinquency; furnish approved iswance upon the buildings thereon in the sum of S 30, 400.00 Payer 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 gees to pay; permit no waste on said premises; keep and comply with all the agreenrrtrts and conditions of the Bond for s 30, 400.00 this day given by the said Mortgagor to said ASSOCIATION, and comply with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shag become null and void, otherwise they shall remark in fug fora and may be foreclosed at the option of the said ASSOCIATION after failure for three rtsonths to mate 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 Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. If there is any change in ownership of the rap estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby scw*d slag, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without further notice. and the amount remaining due Harder said bond, and any other bond for any additional advances made thereunder, shag, from the date of exercise of aid option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to stilly the amount due on said boad,and any other bond for additional advances, together with all arms paid by and The Fgwtable Building and Loan Association of Grand Island, Nebraska for insurance, taxes and aaeatments, and abstracting extenvot Barges, with interest thereon, from date of payment at the maximnn 1061111 raw. As provided as the Bond secured hereby, while this mortgage remabs in effect the mortgagee rosy hereafter advance additional somas to the nakars of said Bond, their anion or succneors it interest, which scows call be within the security of this mortgage the write as the funds originally seared thereby, the total amount of principal debt not fo exceed at any time rive original amount of this mortgage. Dated the 22Y day of February A. D., 19 86 STATE OIF NEDRA SKA, On this 22nd day of February 19 86 , before me. COUNTY OF IiA.LL the undersigned, a Notary Public in and for said County, personally Carne James R. Holtgrewe and Barbara L. lioltgrrwe, each in his and tier c*rr 'ht to f each other, me to be the idmiical pewit s whose name s are affixed to the above instrument as mortgagor 5 and tl's'.y severally the no marummi to be tIC lr voluntary act and deed. < WIT Nt -SS smv ianmd and Notaumsl gnat the +tats afMculd y / i ,4), i +ansarvawdsm cxpreres � gk . a- -,.�' Notary rars.s« air .. II