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85•-: 001460
<br />r MORTGAGE
<br />I MORTGAGE LOAN NO. L 24,328
<br />KNOW ALL MEN BY THESE, PRESENTS: That William C. Brennan and Deborah K. Brennan, each in his
<br />and her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />F -Qrty -Seven Thousand Five Hundred and no /100
<br />-------------------------------------- DOLLARS
<br />Inimical to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mo
<br />Said ASSOCIATION, Certificate No. L 24,328 , do here °po SOC shares the f llow f
<br />described teal estate, situated in Hal! County, Nebraska; by grant, convey and mortgage unto the said ASSOCIATION the following
<br />Lot Two (2), Colonial Estates Third Subdivision, in the
<br />City of Grand Island, Hall County, Nebraska
<br />together with all the tenements, hereditaments and appurtenances (hereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto ,pumps,stom,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connectwn 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 assemnents 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 $47, 500.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises:
<br />In caw 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 tie mortgagor hereby assigns, transfers and Sets over to the
<br />unpaid; and nxmPgec rap t rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />gagee 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 ail expenses of repairing said Premises and necesury
<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
<br />in indebtedness; these rights of the rnoItgagee may be exercised at any time during the existence of such
<br />defndi, irrespective of any temporary waiver of the same.
<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 />f>ayment: 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 cacti 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 stun of S 47, 500.00 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 wasteon said premises :keep and comply
<br />with all the agreements and conditions of the Bond for S 47 500.00 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 -v
<br />shall remain in full force and may be foreclosed at the option of the said ASSO(he ' „ Kew shall months to make of said
<br />payments or be three months in arrears tar making said monthly payments, or m keep and comp, h 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 sale or otherwise, then the entire retraining indebtedness hereby
<br />secured shall, at the option of The I?
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