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86-00- i 103110
<br />MORTGAGE -
<br />�� MORTGAGE LOAN NO. L •l , :� /r�
<br />KNOW ALL MEN UYTIIFSF. PRESENTS: That Carolyn S. Reeves, a single person,
<br />Mortgagor, whether one or more, in consideration of the am of
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<br />Forty -Four Thousand Five Hundred and no /100 - - -- ---- -
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<br />–DOLdARS
<br />loaned to said mortggor by The Fquitabie Building and Loan Association of Grand island, Nebraska, Mortgagee, upon 445 :dams of stools of
<br />ow ASSOCIATION, Certificate No. L--7 -V siA . do hereby grant, convey and mortgage unto the sod ASSOCIATION the following
<br />described real estate, situated in Ilall County, Nebraka:
<br />Lot Fourteen (14), in Amended Block Six io), Continental Gardens,
<br />an Addition to the City of Grand Island, Hall County, Nebraska,
<br />together with all the tenements, hereditaments and appurtenances (hereunto belunging, inciuding attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />saeaed upon said premises and upon this mortgage and the bound secured thereby efore the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 44,500-DO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond securers hereby, the mortgagee shall,
<br />ua demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such tine as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the some and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises 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 toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said It. n is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 44 , 500.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it Braid for such taxes, assessments and insurance with interest at
<br />the naximu rn legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises;keep and comply
<br />with all the agreements and conditions of the Bond for S 4 4 , 500.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the milukemenu of the Constitution and By-taws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSMIATION after failure for three months to make any of said
<br />payments or be three months in arrears in snaking said monthly payments, or to keep and comply with the agreements and conditions of said 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 ale or otherwise, then the entire tmaining indebtednew hereby
<br />wcured'shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />farther notice, and the amount retnaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, hew interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond,and any other bond for additional advances, together with all sums paid by said The Equitable Building and loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legs( rate.
<br />As provided in the Bond secured hereby, white this mortgage retains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of aid Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the am as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this / /C3 dtuy of A. D -, 19 36
<br />Carolyn S./ Ree
<br />STATE OF NEBRASKA. iC. Jr/N t
<br />COl1NTY OF EIALL � ss On this day of l9 56 , bsfore one,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Carolyn S. Reeves, a: single ripe -son, WIN) 1 °, personally known to
<br />rot to be the ideaiital perram whine moire " Affixed to the above instrument as mortgagor and she 51YlIdYth[
<br />adtnowledged the said irsirunieni tube hef' voiuntary act And decd_
<br />wITN1;CS racy torrid Arid tiararial Seal the date afurrsaid )
<br />My( °,rmnreviomexpires/ .1%l;e , `r
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