|
,
<br />XMW ALL MEN BY THESE PRESENTS: That
<br />86- 107168
<br />See
<br />MORTGAGE LOAN NO. L24,708
<br />Floyd H. Elrod and Dora K. Elrod, each in his and
<br />her own right and, as spouse of each other, MorrE�r, whether ore or now. in consideration of tie team of
<br />Two Thousand Five Hundred and no /100--------------------------------- -- - - ---- SRS
<br />Immed to'said asortpigw by The Equitable Budder sad Lem Association of Grand Island, Nebraska, Mortgagee, upon 25 owes of siodr of
<br />well ASSOCIATION, Certificate No. L 24,708 , do hereby trmr, convey and mortgage auto the said ASSOCIATION the folowrit6
<br />described teal estate, situated in Hall County, Nebraska:
<br />Lots Five (5) and Six (6), in Block One (1), in
<br />George Loan's Subdivision to the City of Grand Island,
<br />Hall County, Nebraska.
<br />together with all the tenements, hetditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, bleds, storm windows, awnings, heating, air 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 />And 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 situated in the sum of S 2,500.00 payable to said ASSOCIATION and to deliver to slid
<br />ASSOCIATION the policies for said iatararice; and rat to commit or permit any wage on or about said premises;
<br />In case of defa,lt 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 monggor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents. revenues and income to be derived from the mortgaged premises dunning such time as the mortgage indebtedness shall remain
<br />unpaid; and thn: mortgagee shall have the power to appoint a" agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collating the rents, revenues and income, and it may pay out of said income all expenses of repairitg said premises and necesary
<br />eo earniom and expenses incurred in renting and managing the same and of collecting a
<br />cting rentals therefrom; the balance reining, if my, to be
<br />applied toward the discharge of said mortgage indebtedness; these tights of the mortgagee may be exercised at any time during the existence, of such
<br />default, irrespective of any temporary waiver of the sane_
<br />These Presents. however, are upon the Condit ion, 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 sun 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
<br />against said premises and on this Mortgage
<br />and the Bond sawed thereby, before dehinquencq: furnish approved insurance upon the buildings thereon in the sum of S 21500.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all Looney 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 2, 500.00 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 fora 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 Mortgor agrees to have a receiver appointed forthwith in aech foreclosure pmceed sgs.
<br />If three is my change in ownership of the real estate mortgaged herein, by sale or otherwise, dam the entire remaining mdebtrdnew hereby
<br />seared shall, at the option of The Equitable Building and loo Association of Grad Island. Nebradca,become immediately due and payable without
<br />further notice, and the amount remi ti ng due under said boud, and arty other bad for any additional advances made thereunder, shalL from the
<br />daft of eaerdse of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />boud,and any other bond for additional advances, together with all sums paid by sad The Equirlble Building and Loan Association of Grand [shod,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges. with interest thereon, from date of payment at the maximum
<br />As provided in the Bond secured hereby, while this mortgage remtim 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 withan the security of this mortgage the same as the funds originally
<br />seamed thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dow thiss 10th / day of December A.D., 19 86
<br />.Lu t I
<br />� CL
<br />STATE OF NEBRASKA. ss On this 10th day of December 19 86 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public w and for said County, peno�s came
<br />t Floyd R. Elrod and Dora K. Elrod, each in his and her own right and as spouse of each
<br />other, who are personally known to
<br />me to be the ideattical persons whose names are affixed to the above instrumeM as mortgagor S and they severs%
<br />the said ittsrumpu to be their voluntary art and deed. /J
<br />WITNESS my Fund and Noland Seal the date aforesaid.
<br />My Commission eapres� t t A
<br />.taatrN BIBrr i s -Neon r[ tivswMe ' Notary Public
<br />.4 irtll�F
<br />
|