|
A
<br />86-104653
<br />MORTGAGE
<br />MORTGAGE LOAN NO,
<br />KNOW ALL, MFN BY THIS-F PRUSUNTS: 11trit Duare G. Bailey aryl Doris M. Bailey, each in his anti
<br />ber own right and as spouse of each other, Mortipilisir,whirther one or time, in cooddembort of the farm of
<br />aW-Two Huncitp-d ;alld 110/ =----OOLLARS
<br />formed to sod rianitfippor by The Fqintsbk- Budding and LA must Associadion of Crams 472 shares of dock of
<br />in- 1, 24,600 do hereby grant, veavey ita mortgage unto the said ASSOCIATIInW the following
<br />said ASSOCIATION. Certificate ?t
<br />described real taste, situated in flail County, Nftrzskaa,
<br />Dot Three (3), Meadow Lane Subdivision, in
<br />na it c curlty, Nebraska
<br />together with all the tenemems. hereditan—ts and ANnutertanom thereunto fichingm& including attached floor coverings, all window actrims.
<br />vandcoit diatim, blinds, slot in windows, awnaw. tiestal, an cooditiormil:- and phimbinir and water equqm"t and accessories thereto, puntp&. stoves-
<br />rettlitastors, and other fixtures and etlutpownt now tot hereafter attached tom used in connection with said real estate,
<br />-
<br />And whereas the said mortgagees has agreed -and does hereby agree that the mortgagor shall and Will pay all taites and axiessurexits; It vied or
<br />terstrived upon said premises and upon this mortgage and the
<br />bond wcused thereby belfrar, the same shall become delinquent; to fartmsh approved
<br />upon the buildup on said pemits situated m tar soon of S 47,200.00 payable to and ASSOCIATION and to dekm to =0
<br />ASSWIATION the policies few said insurance arid not to comant or permit any waste on or about aid preauses,
<br />In caw of default in the fictformanoe o( airy of ate togas aid aondttieau of this mortilar or the bond secured hereby. the mortgages shafi-
<br />on
<br />demand, be entitled to immediate possessarto of the mortsitwd prestrams and the movilpiffor hereby assigns, transfers—trail sets over to the
<br />all Ile rents, revenues and income to be derived from the mortgaged premises duriwg such time as ft nmxtgW taidebtedrien shin senam
<br />unpaid, and The mortgagee chaff have the pow" to appoint any anent or agents it may desire for the purpose of repairift Wall pmosims and tenting
<br />the same and collecting the rem, revenues and meonc, and it WAY pay out of said iftorAt all ext— of -P"f* said p— and -c—ry
<br />cominturmons and expenses oicuired in return and managing the same and of colketang Waitts thewnsia. the bidarica Wassairdiall. if any, to be
<br />applied toward the discfow� at said mortgage rodebtedwasthearrightsof the mortgagee nay beeaercisadia any time durft the existence ol'arch
<br />default mespecinte of any temporary was of the sarric
<br />I'twsc 11revents, howe-., ate upon the('oridbziop. T'jou dthe said Mortgagor, slug repay said low on or before the maturity of saidsharesby
<br />payinent, pay moothly to cast A.W)LIA1111S of the sum spectfwd mthe bond second hereby as true" and pirtracipalon sod Irma, mimbefore
<br />the Twentieth day of each and every nionih,unid said kianisfully paid; prey dl taxes and said peones am on the Mortgage
<br />and the Wild secured QW(ehy, Wour dchoqucn.y: furnish approved insuisom upon the bud dualotherears ifithe sum of 47F20U.UO payable
<br />It, said A-1;50C1A'n0N.,,pay to %&W &SSOCIATIONIupon demand an mtmwy by it paid for such tax", assessiventsand u1stanusce With mixtest at
<br />the maxtroam kept rate llic—m ft ... uJaie i,f layment all of which Mortgalaw hereby agrees topay;peimn on waste on said premises; keep and comply
<br />with all the Apeements and -nditkins of the Bond for S 47, 200. 00 that day give= by the " Mosspigot to =ad ASSOCIATION, and comply
<br />with all the fettutievocinsol the Congitutton and Hy-lswsof sad ASSOCIATIOW than these presents shadil boom stuff and voial, otherwise they
<br />stall cmam in lull foiL:c and may he foreclosed at the option of the said ASSOCfA'nON after failure for three moothis to make any of said
<br />payments ot be three montlis m aircius in making sand monthly payments, of to keep and tumpty month the Apecroustiand conditions of said B-Mul,
<br />and Mofiflaipm agues to have a re"tvet appointed forthwith in such foreclosure promedmor,
<br />it there is any change in ownership of the teal estate mintgagod hem* by aide u; otherwise, Own the entire remstrung mdebtetiness hereby
<br />secured shall. A the uptown of The Equirable Building and butmAlfrocation of Grand Islaxid.Nelintsks.become munerlistely due and pay" without
<br />fuithcs notice. and the Aru,)unt remaining due under said bond, and any other bond fix any additional advances made thereunder, shaill. from the
<br />date of exercise of said opi.m, hear interest at the maximum legal rat,and this mortgage may then be foreclosed to satisfy the swourill due on said
<br />hond,and any other txtrid for additional advan,=, together with all %or= paid by mud The Equitable Budding and Low Association of Central Islanti,
<br />Nebraska for insurance, tax" and assrsiuncraL, and "faing CXICUsaw dwyea, With interest thereon. from 418111 of PNYU*Pt at the Visammunt
<br />legal fair.
<br />As provided in the P—tJ ictuied hereby. wtutc this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />hall cuir his inist Sage the (rands nititudi
<br />makers of mid1lorid,thru toarjuaw suc�csaori ut orterrid. which sums a be within the 0 ity of t I simse: as M in 0 y
<br />Id helefty, the total inotint of P'ottlital de fu no, to tatted 11, any turse the ralgirsad issioun, of " mortgage,
<br />tLUted this Z"i-1w-, s day ol ;suqus t A- D., 19 86
<br />77"
<br />14AIF (W W'11KASKA. o Or this 1.5 th day of Augus t 14 60 . before me.
<br />(1,WNTY ()FIfAI I �
<br />five arsdaragned, a Notary fluidic in And it" and Cuslisty, personally came
<br />LkUrij fial JkLy Z tj lxart;x jA(A j ley, t,,!dvh i if his ajkJ tier awl i right d aj
<br />ht rto
<br />me ('t he the #de"tAAj piv =icy r.— "aror �; Fsj-c, and t 0", rvrrajjy
<br />We i-1, ,,svto r . 1 - tIVI 1 "Ountittv *0 ar"I deed
<br />W .0 :o, h-1 °, of ;fie (fair, alowssrd
<br />weir a
<br />tairs
<br />
|