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<br />MORTGAGE t
<br />-_.... 1 See L 2C,o3
<br />MORTGAGE LOAN NO.
<br />KNOW ALL MF.N BY TH Sf PRESLNIS That Jimmie L. McHugh and %Lari lyn J. McHugh, each in his
<br />and her Own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />- -_- M six een-- n,tiaand Five - Hlmdreci- arjd._rgLiC4-- -- - - -- - -------- -------- _ ---- -- I)OLLARS
<br />loaned to said mortgagor by The 5quitable Pudding and Los' Assrx;iation of (;rand Island. Nebraska, Mortgagee, upm 165 shares of stock of
<br />said ASSOCIATION. Certificate No. 1, 24,494 do hefehv grant. —nvey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated u, Hall County, Ne raska:
<br />Lot Tree (3) , in Black Sixteen (16) . in Ashton Piaee,
<br />an addit.ian to the City of Grain Islarrl, liali County,
<br />Nebraska.
<br />together with all the tenerra:nts, h :creddan ;cros end aripuctenaowxs thereumru helonevig, including attached floor coverings, all window screens,
<br />window shades, hlinds, storm wtndows.:nwnn'gs, heafml;, :mr plumbing and water equrprrtent and accessories there to pumps, stoves,
<br />refrigerators. and other fixtures and equtpnient now t.i hereaftcr ttaetred tar is used in connection with said teal estate.
<br />And whereas the said mortgagor d:as afnecil and dixvs herby agice u at '.hc nu„tg3gor Shall and wall pay all taxes and assessments levied or
<br />assessed upon said premises and upon thus Mortgage and the t, n d secueed rliereby !) tun, rile wine shall become delinquent: to furnish approved
<br />insurance upon the buildings on said prcr,wi s litraied it Inc ,unl of t 16,500.00 pavable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said msu • ronte, and no. Z "Mimi Ill iMinit any waste ,Yu on about s..:d premises: .,
<br />In cast of dclault in the perforrance „t .,..r u! the terms and t.ondetunns of tiles mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand_ be entitled to inundate possctsuxn of the mortgaged prermscs :tmf the •narrgagon herehy assigns, transfers and sets over to the
<br />itiortg igee all the rents, revenues and none to he der;w•d f turn tie murtgaged prermses during such time as the mortgage indebtedness shall remain
<br />unpaid. and the mortgagee shall have the fl suer tee api -int ativ agent or agents :t niav desic tin the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and rruom ,and it may pay uu of ssrd :noomr all expenses :;( repairing said premises and necessary
<br />commissions and expenses incurred m remaig and ,nanagmg flu• same and of adki•mg rentals therefrom: the balance remaining, if any, to be -
<br />applied toward the discharge of said monrtaf,r ,ndebtedtiess, these rights of the mortgagee may tic exercised at any time duringthe existence of such s�
<br />default, irrespective of any temporary waiver of the same. r
<br />These Presents, however, are upm lire C'undn:un, lhat d tier said Mcuigagirt ,Mali ropey and loan on or before [tie maturity of said shares by
<br />paynx'nt. pay monthly tit and ASSC)f_'IA RON of the sus, specrl'rcd m tft� iii,nvi cecurnl hi -teby as :..terest and principal on sand loan, on or before
<br />the Twentteth day of each and v %rry month, until yid loan a full} paid: pa'; ail taxes and as,.asmcnts levied against said premises and on this Mortgage
<br />and the frond secured thercbv. hefixc defmquen, r:. furnish approved insurance spa, the huldngs thereon in (tie sum of 516, 500,00 payable
<br />to said ASSOCIATION: repay to said A1SOCIAT!'?ti upon demand all Meumy by ti paid tut such taxes, nssessmeaats and insurance with interest at
<br />the maximum lepri rate thereon trorn date of pavmrnt all oil which Mortgagor hue ),, agree, an pay: penint nu save. on said prennises; keep and comply
<br />with all the agreements and conditions ul the ',rod for 516,.500.00 Ill's .iav ervcn by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitnr!mn and By.1Aws of said ASSOCI A] IU .N. then these presents shall become null and void, otherwise they
<br />rr
<br />shall reum to full fuICC and may he foreclosed it the option ,d [tie —d %SS(_X'IATION after fadurc till three months to make any of said
<br />payments or be three months in ar:ears ip :making sand ntunthly pavntrnrs. ,er lu keep and eumply with ttte agreements and conditions of said Bond,
<br />and Mortgagor agrees to have. a receive' appnnted forthwith in such foreclosure proceedings
<br />If there is any change m ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Lqu,table Building and Loan Associaton tit ( ;rand Island,' 4ebraska,become immediately due and payable without
<br />further notice, and the amount remaining! due under Saul bond, and any uthei bund for any additional advances made ihereunder, shall, from the
<br />date of exercise of said option. Ilea, interest at the maximum legal rate, and this mortgage nay then he foreclosed to satisfy the amount due on said
<br />brnd,and any other bond for additional advances. tco}tcther with all sums pied by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance. taxes amt assessments, and abstracting extensiwi eharg_es, with interest thereon. front date of payment at the maximum
<br />legal rate.
<br />As provided to the Bond •wound hereby, while this mortgage temauts in effect the mortgagee .ay hereafter advance additional sums to the
<br />'takers of said Bond, their assigm, o, successors it, ,merest, which suits shall be within the security cif this mortgage the saute as the funds originally
<br />secured thereby, the total amount of prmcrpa! debt 1101 t.r ex,eed at any time the original amount of this mortgage.
<br />I rotted this 14th day / May 86
<br />i'
<br />�F'`�- -�- - -- - --
<br />Smn-- OF NVBRANV.A. rim ores i4tit '•av of May d`1 86 . before me,
<br />COUNTY Ol IIAL.I.
<br />roe n�,i rstr, i.•d. a ti .tae. Tahiti 'n and 1- said Couiuv . fit', ally cane
<br />r. Ji=,1fD L. McHugh :std %tai l lz n J. :•k iittuh, ach In hi5 anti !X --r OWn r'titght ilk' as
<br />' :are t1e'r na y own to
<br />CfhE: r ,
<br />'ne to he the idento .ai :_ wr, ✓ .iam 5 the ,h.+ r t.unur t . ,nor ^ya. ,� mud ti1L'y uvernll%
<br />ack nowkd}ged it;r ca 6 v,New m! t.: he trflr let ,rsl rice :1
<br />K'1 } -of : °; r•Y: �ran.f and .. '141.,
<br />ME Q l
<br />b dl ,"lam. i%:lw
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