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86-- 103420
<br />r MORTGAGE See L 19,969
<br />MORTGAGE LOAN NO. _L 24,527
<br />L
<br />KNOW ALL MEN BY THESE PRESENTS: That Larry Dean Cornelius and Eloise Ann Cornelius, each in
<br />his and her own right and as spouse of each other,
<br />Mortgagor, whether one or more, in oonsideratiori of the sass of
<br />Twelve Thousand and _no /100 ------------------------ -------------------------- - - -- -- -DOLLARS
<br />loaned to said mortgagor by The Equitable Budding and Loan Association of Crand Island, Nebraska, Mortgtigee, upon 120 sbam of stock of
<br />said ASSOCIATION, Certificate No. L 24,527 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Fractional Lot Seven (7), in Fractional Block One (1) of Russel Wheeler's
<br />Addition and its complement to wit: The Westerly Thirty -Three feet (W 33')
<br />of Fractional Lot Seven, in Fractional Block One Hundred Twenty -Six (126),
<br />in Union Pacific Railway Companys Second Addition, both additions being
<br />in the City of Grand Island, Hall County, Nebraska,
<br />together with all the tenements, hereditamems and appurtenances therewito beionging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning. and plumbing and waterequipment 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 />Anil whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situaaed in the sum of sl 2 , 000. GO 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 secured hereby, the mortgagee shall,
<br />on 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 time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shalt have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />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
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom: the balance retraining, if any, to be
<br />applied toward the discharge of said mortgage ind •btedness; 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 loan 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 12, 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand ail money by it paid for such taxes, assessments and insurance with interest at
<br />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
<br />with all the agreements and conditions of the Bond for S 12 , 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 shall become null and void, otherwise they
<br />shall retrain in full force and may be foreclosed at the Option of the said ASSOCIATION after failure for three months to make any of said
<br />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;
<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 sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due wider said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal fate, 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 />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />urcd thereby, the total amount of principal debt not to exceed at any time the on &gnat amount of this mortgage.
<br />Dated 18th day °f June A. D., 19 86
<br />r e , ,orn us --
<br />Eloise Ann Cornelius
<br />STATE OF NEBRASKA,) ss On this 18th day of June 19 86 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County• personally came
<br />Larry Dean Cornelius and Eloise Ann Cornelius, each in his and heroy,In rigs* and ag g ouse
<br />are
<br />of each other, who msonslty Down to
<br />ire to be the identical person s whose name s are affixed to the above instrument as mortgagor s and they severally
<br />acknowledged the said instrument to be their voluntary act and .teed.
<br />WITNESS my hand amt Notarial Seal the date atmesaid.
<br />My C,,inmivw,r. expues;!!�e t,'
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