|
$s' 105446
<br />MoIeTCAGE -�:
<br />MORTGAGE LOAN NO. L P4 637
<br />KNOW ALL MEN BY THESE PRESENTS: That Norman N. McCarthy and ueorgene C. McCarthy, each in
<br />his and her own right and as spouse of each other Mortar, whether one or more, in conWmdon of the sum of
<br />Fifty Shounand _and.114I1WQ -_- - -- - -- –_- - ----- BOLLARS
<br />ktrtned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 500 there: of ttodt of
<br />said ASSOCIATION, Certificate No. L 24,637 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estatt, situated in Hal County, Nebraska:
<br />4
<br />Lot Eleven (11), in R & 3 Second Subdivision, Nall
<br />County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, au 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 />f And whereas the aid 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 open this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />in urance upon the buildings on said premises situated in the sum of S 50, 000.00 payable to said ASSOCIATION and to deliver to said
<br />€ ASSOCIATION the policies for said insurance- and not to cormmm 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 shall 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 />'
<br />commissions and expenses incurred to 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 he 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 Morigagoi 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 severed hereby as interest and principal an 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 $ 50, 000, 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all 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 50 000.00 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 remain 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 std 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 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 under said bund, 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 rate, and this mortgage may them be foreclosed to satisfy the amount dote on said
<br />bond,and any other bond for additional advances, together with all sums paid by said 'Chic Fquitable 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 />legid 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 />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />%led this 15th day of September A. n., 1986
<br />Ueorgene C. McCarthy
<br />STATE OF NEBRASKA, sa On this 15th day of September 79 8f; , befute rate,
<br />COUNTY OF'HALL#
<br />the undersigned, a Notary Pubhc in and for said County, personally ante
<br />lkorman N. McCarthy and Georgene C. McCarthy, each in his and her c)zn "ir'ht .and s3 st;ousc�
<br />of each other, w o 2t!�e? Pei surtally known o
<br />me to be the identical poison s whose name ,; are affixed to the abo'c instrt tent as raw or and t hey jsterallw
<br />acknowletlod the aid instrument to be thtait' voluntary act and deed.
<br />WITNf4S my hand and Notarial Sraf the dal? afore�uid /
<br />My Contmisson expmes
<br />Nov. 12, 1987 !coat) Public
<br />la?%2.N ar FbEkat 4ttrAk _'.n . R 9 ....l '.tames W. Olson
<br />JAh1 c vY 'P_ SON
<br />My Coma N. I IIMI
<br />
|