|
.E 86- 104020
<br />MORTGAGE LOAN NO: L 24,560
<br />NOW ALL MEN SY THESE PRESENTS: That Janet L. Glinsmann and Lynn G. Glirmiann, by Janet L.
<br />am Conservator and Guardian of the Estate of Lynn G. Glirmann
<br />'burtsen Thousand and no /100 _ MOF4Mw, whether arse or more, in oo.aderatim of the sam or
<br />• led to sidd mortgagor by The Equitable budding and Loan Association of Grand Islarid. Nebraska, Mortgagee, upon 140 shoes of stock of
<br />id ASSOCIATION, Certificate No L do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />%crbed real estate, situated in clap County, Nebraska:
<br />Lot Fifty Five (55), in Hawthorne Place., being a sub -
<br />disision of part of the Northwest Quarter (NW'k) of Section
<br />Twenty Two (22) , Township Eleven (22) North, Range Nine
<br />(9) West of the 6th P.M., Hall County, Nebraska.
<br />together with all the tenements, hereditarnents and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows. awnings, heating, air conditioning, and plumbing and water equipment
<br />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 of
<br />amessed upon said premises and upon this mortgage and the bond
<br />secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 14, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or any
<br />permit waste on or about said premises;
<br />In case of default in the performance of anv of the terms and conditions of this mortgage or the bond secured hereby, he
<br />on demand, be entitled to immediate n of the rnort y' mortgagee SW'
<br />logo gaged premises and the mortgagor hereby assigns, transfers
<br />and sets over to the
<br />its) pose 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 dull have the to appoint
<br />power any agent or agents it may desire for the purpose of repairing aid promises 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 remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the
<br />mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the sarre.
<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 14, 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand by
<br />all money 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 to
<br />'
<br />agrees pay; permit no waste on said premises;keep and comply
<br />with all the agreements and conditions of the Bond for $ 14 000.00 this day given by the said Mortgagor to said ASSOCIATION, and Comply
<br />with all the requirements of the Constitution and By -Laws o(said ASSOCIATION; then
<br />'Ell
<br />these presents shall become null and void, otherwise they
<br />shall retain in full farce and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />be
<br />,
<br />payments or 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 forthwith
<br />appointed Ira 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
<br />immediately due and payable without
<br />further notice, and the amount remaining due tender 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
<br />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, interest
<br />with thereon, from date of payment at the rrraximum
<br />low rate.
<br />As provided in the Bond secured hereby, while this nulrtgagc renuins in effect the mortgagee nay hereafter advance additional sums to the
<br />maters 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 />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />�}- Dated this day of A. D.. 19 gfj
<br />3' ante muiam, Conservator an3 Guardian of the Estate of
<br />Lynn G. G linsalann)
<br />STATE OF NEBRASKA, t
<br />COUNTY OF HALL )f ss O° t day °f 19 8 , before me,
<br />the undersigned, a Notary Public in and for said County, personally dame
<br />rtn
<br />Janet L. Glinwna and Lynn G.Glinsmann, by Janet L. Glinsrnann Corse ator am' G��,��,�r1�,an of
<br />the Estate " °
<br />of Lynn G. Glinstitann 3n_ perxo y known to
<br />m e to be the identical person g whine name S are affixed :'.::tic above irositir:- s :nartgagot S and t}1'j�' severally
<br />acknowledged the said instrument to be tiXdr voluntary act and deed. -
<br />WIT NNSS my hand and Notarial Seal the date aforesaid. 1 i
<br />My Cornmisum expires
<br />p
<br />(.
<br />tsrszr err � � ! �1Atacy llic
<br />WI
<br />
|