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86-w 104778
<br />MORTGAGE
<br />MORTGAGE LOAN NO.' L 24,606
<br />KNOW ALL MEN BY'fHES'EPRESFNTS That Robert D. Allison arid Frances E. Allison, each in his
<br />and her own riizht and as spouse of each other ►dr.whethet one or more, in consideration ofthe.tmt of
<br />Thirty Six Thousand Four Hundred and
<br />lotted to said mortgagor by The Equitable Budding and t.uan Association of Grand island, Nebrasta, Mortgagee. upon 364 stares of sand* of
<br />said ASSOCIATION, Certificate- No, L 24,606 dr. hereby grant, convey and mortgage into the said ASSOCIATION the fonowing
<br />described real estate; situated in Hall County, Nebraska:
<br />Lot Ten (14) and a part of Lot Eleven (11') in fractional Block One (1),
<br />Parkhill Subdivision, an addition to the City of Grand Island, hall County,
<br />Nebraska, more particularly described as follows:
<br />Beginning at the Northwest corner of said Lot Eleven (11), Thence running
<br />Easterly along the North Line of of Eleven (11), a distance of Nine (y)
<br />Feet; Thence running Southerly a distance of One Hundred Forty Six and Three
<br />Tenths (146.3) Feet to a point on the South Line of Lot Eleven (11); Thence
<br />Southwesterly along the South Lire of Lot Eleven (11), a distance of Two and
<br />Three Teeths (2,3) feet; thence Westerly along the South Line of Lot Eleven
<br />(11) a distance of Fourteen and Seven Tenths (14.7) Feet to the Southwest
<br />corner of Lot Eleven (11); Thence *forth along the West line of Lot Eleven
<br />(11), a distance of One Hundred Forty One (141.0) Feet to the point of
<br />beginning.
<br />F
<br />.together with all the tenements, hered.itaffients and appurenancxs thereunto belonging. including attached floor coverings, aft window sons_ -
<br />window nudes, blinds. storm windows, awnings, heatucg, as conditxming, Arai plumbing and water equipment and Accessories thereto, pumps,
<br />refrigerators. and other fixtures and equipment raw nr heteaher 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 aft taxes and asesawsta lev[ed or
<br />: -oar std upon said premises and upon this rortgage and the bond secured ihercby before the same shall become Wit: to fernish approved_ -
<br />insurance upon the buildings on said piermaes situated in the sum of S 36, 00.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance_ and not to armmn or permit Any waste on or about said premises:
<br />In case of default in the performance of any of the tennis and oinvilitums of Our mortgage or tIre bond secured hereby. the mortgsgee stall,
<br />-'on demand, be entitled to immediate posseaaot, of the nvirgaged premises and the - :mortgagor hereby assigns, trasis-es and -sets over to the
<br />mortgagee an the rents, revenues and imaame to be derived from the rxxigazed pre rms, during such unite as the mortgage indebtedness shallrema'ar. .
<br />unpaid: and the mortgagee shall have flit power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the saute and collecting the rents, revenues and income, and it may pay out of said income aft expenses; of repaitutg .said premises and necessary
<br />commissions and expenses incurred in renting and managuilt, the same and of coBec * rtntabi therefrom; the ba#mtt reasaning, if any. to be
<br />applied toward the discharge of said mot tgage Indebtedness: thew tights o& die iti irrtgagtc may be exercised at any time during the hence of such
<br />default, irrespective of any temporary waiver of the same
<br />These Presents, however, are upon the Canditx.n-'T`ttat if tfie said Mc =rtgar mhaB :tipsy said lout on of before the tit3- of seal slum b}- -
<br />payment: pay monthly to said ASSOCIATION of the sum specifted rn the Ik rut secured hereby as interest and procipal cm said loan, on or before
<br />the Twentieth day of each and every mirnth, until ltd 1—ii is full) paid. pay all oxet and assessments kvfed against sail premi,ms and on this Mortgage
<br />and the Bond secured thereby. beforedelinquert -,; futnuhapprtivedmsivatwe upon tieb gsthcrtonratlscavrmofS 36,400.00 payable
<br />to said .ASSOCIATION; repay to said ASSOC iATION upon demand all money by ii paid for such taxes. aaesirnants and insurance with interest At
<br />.. - .:.the maximum legal rate thereon from date of payment Ali 4 which Mot-garx here-by, agrees to pay: permit no waste on said peemisn keep and comply
<br />with all the Agreements and conditions of the Bond fiat S 3(; 40�. U0 this day given by the said Mortgagor to said ASSOCIATION, Mid totoply
<br />with all the requirements of the Constitution and By -saws of said ASSOCI ATICIN: then these presents shall become will and void, otherwise they
<br />shall remain in iuli forte and may be t are<y,isrd .t its upti,;n ,.,; the said X%OCIATION after failure for three months tp make any of said
<br />payments or be three muntls in arreus ,n makutg said irnanoblp pe) ments. or to lap and comply with the agreernems and Conditions of Laid Bond; and Mottgagor agrees to have a receiver appointed fotthwnh to sleds f.xcckisure proceedings:
<br />If there is an,, change m ownership of the real estate mortgaged herein, by sale of otherwise, then- the entire rrrrtainiatg undel#edrtess hem+- _ - -
<br />- secured #tall. at the option of The Equitable Building and Loan Assoc- tation of Gratnd islaad.,Nebras a.became immedissety due and pay" without - -
<br />_ further notice. and the amount remaining due under said bend- and anti other bond for any additional advances amide thereunder, shall. from the
<br />date of exercise of said option, bear interest at the maximum dept rare, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bood,and any other bond for additional Advances, together with ail sums Paid by said The Equitable Braiding and Loan Association of Grm1 island,
<br />Nebraska for insurance, taxes and Assessments. and Abstracting, extensionvvrges. with interest thereon, from date of payment at the maximum
<br />Jewd rate.
<br />As provided in the Bond secured heteb; - whtk this rraarigage remains in effect the mortgage may hereafter advance additional strain to the
<br />tinker% of mud Bond, their astgns or sucerssur s tat tttcte>r. wham suns shall he within the security of this mortgage the same as the funds otaIinafly
<br />seemed thereby, the total amount of principal debt in t io excted at any t --me the origiwtd Amount of fhss mortgage.
<br />�t#d this 21st day of Indust A. I3., ly 66
<br />STATFFOFNFBRASI(A. s. CA ih <m i sr des of August IG
<br />3E , before me,
<br />( "OtNTY OF IIAi.
<br />(fir undersigned, a Notary Pubtie in and fix said County,, per�umadly�tame
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