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MORTGAGE 002010
<br />MORTGAGE LOAN NO. L_24__ 151 ___________
<br />KNOW ALL MI ?N BY THUSh PRESFNTS: That Lucy S. Brobst, a single person,
<br />Fi.f t Nine Thousand Mortgagor, whether one or more in consideration of the sum of
<br />_ _ Y_ ousand Two Htuxired and r)o/ 100 --------------------- ___----------------- ML[.ARs
<br />caned to said rortgagor by The I?yuitahlt Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon said ASSOCIATION. Certificate No. L 24,351 , do hereby o 592 shares of stock of
<br />described real estate, situated in flail County, Nebraska- y grant, convey and mortgage unto the said ASSOCIATION the fonowhg
<br />Lot Six (6) in Block Sixteen (16) in West Park Addition to the city of Grand Island,
<br />Hall County, Nebraska and tract of land Thirty three (33) feet in width by One
<br />Hundred Thirty Twt, (132) feet in .length, formerly being a part of West Eleventh
<br />Street of the city of Grand Island, Nebraskavacated by said city of Grand Island
<br />on the 5th day of October 1960 by Ordinance No. 3584 of said city, which is more
<br />Particularly Wscribed as follows: Beginning at the Northwest eormr of Lot Six
<br />(6) , Block Sixteen (16) West Park addition to the city of Gram Island, Nebraska;
<br />running thence East on the North Nine of said Lot Six (6) for a distance of one
<br />Hundred Thirty Two (132) feet to the Northeast corner of said Lot Six (6);
<br />Running thence North on a Prolongation of the East line of said Lot Six (6) for
<br />a distancae of Thirty Three (33) feet; running tr -tnce West parallel tothe North
<br />lisle of said Lot Six (6) for a distance of Orle iiuiicired Thirty (132) feet; running
<br />thence South cr, . a pro loilgatian of the We
<br />Of Thirty line of said Lot Six (6) for a distance
<br />Thirty Three (33) feet to the Northwest corner of siad Lot Six (6) , being the
<br />Point of beginning.
<br />"*Other with all the tcnenwnts, herethtaments artd app'rtenances thereunto belonging, including
<br />window shades, blinds, storm windows, awnings, f ►eating, air conditioning, and lambig and water equipment and coverings,
<br />thereto, um
<br />refrigerators, and other fixtu►es and e( u► )rllent now ,; I g' p � window screens,
<br />l I lereafter attached to or «sed in cvnrtcction with said real estate. p ps. stoves,
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all axes and as�ssrrtents levied or
<br />assessed upon said premises and up(tn Ill's morigagc and the born' secured thereby before the same shall become definyuent; to furnish approved
<br />insurance upon the buildings on said premises situated In thr. cull of
<br />AS.,MIATION the putic s for seed ir'surartee; and ru,, $59 r 200.00 payable to said ASSMIATION and to deliver to said
<br />to comma or pernut any waste on or about said premises;
<br />In case of default m the perfc.>rrlance o! anv of the terns and conditions of this mortgage or the bond secured hereby, the nwrtgagee shall,
<br />on demand, be entitled to minwdiaie Possem"M of the mortgaged premise
<br />maorte,.agee all the rents, revenues and Income to he derived from the mortgagednPremises during such t me as the mortgage indebtedness sl►all rerttain
<br />unpaid: and the mortgagee shall have the poewe.r to appe,f it any agent or agents it may desire fix the purpose of repairing said premises and renting
<br />'Far sane and colleting the rents, revenues and Irlcon'e. and it may pay out of said income all expenses of repairing said premises and necessary
<br />co applied w and expenses incurred in +entng and managing the same and of collecting rentals therefrom; the balance retaining, if any, to be
<br />appl�d toward the discharge of said nll)rlgage Indebtedness; these rights of the mortgagee rosy be exercised at any time during the existence an of such
<br />default, irrcspcctve of any lern,le+rary waiver oI tie same.
<br />Thew Presents, however• are upor: the Condlton, Thai it the aid Mortgagor shall repay
<br />tpayment e T ; pay na'rtthty !o said AtitiCk'IATI()'v of chi sum specified in the liund secured hereby as interest and Principal toonntsaid !canon oorrabefore
<br />the 'twentieth day of each ar'd every 111011111, until said loan Is fully paid, pay all taxes and asseessrtlents levied against said ptemises and on this Mortgage
<br />and the Bond s:e:ured thereby, hef(are delrn(1u.11cv, furnish approved Insurance up(tn the buildings thereon in the sum of $ 59, 200.00 able
<br />to said A- %S(x'IAT'I()N: repay to said ASti(X IA I ION upon dentand all money by It paid fur such taxes, assessments and insurance with interest at
<br />the maximum legal rate t ttereoi' from dale of pa1'1rr<nt all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all Ilse agreeetwnrs and c4>rldctN)r1s of the lir)nef IOF S 59, 200.00 this day giver, by the said Mortgagor to said ASSOCIATION, and amply
<br />will' all the requirements of the (,()list and fly -Laws of said ASS()CIAl'K)N; then these presents steal) become null and void, otherwise they
<br />shall rental' in full force grid may he foreclosed at life option of the said ASSO('IATIUN after failure for three months to make any of said
<br />payments or he three months in arrears Ill rclaking'Mill I1,unthly paynle'lls, ur to keep and coin
<br />arld Mortgagor agrees to have a receiver app(nnted tilrthwith in such foreclosure proceedings. ply with the agreements and conditions of said Bond;
<br />If tf'err is ally change in ownership of the teal estate mortgaged here"', by sale Of othe'wise, then the entire remaining indebtedness hereby
<br />secured shall, at the optun elf The I-.yuitable Building and Loan Association of Grand island, Nebraska, become immediately due and payable withc)ut
<br />further notice, and the an)unt remaining due under said bond, and any „'her bond for any additional advances made thereunder. Mall, from the
<br />date of exercise of said option, bear intevcst at the rnaximunl legal rate, and this mortgage may then be foreclosed to tisfy the amount dire on id
<br />Nebraska for insurance, taxes aridtalcsesslrtents`arid 'abstracting xtelmon paid
<br />harges, Willi interests thereof'. Building date of A wtiom of Grand Island,
<br />gal rate. of payrrwnt at tt►e n'axilnurn
<br />As provided d the rf-si secured hereby. it Int than mortgage reclean' ill effect the mortgagee "lay hereafter advance additional sums Io the
<br />'takers of said , the their assigns ur princIs al. debt O, st, which snnas shall he w►tlue, the -security of this ntortg a the sane as the funds originally
<br />secured thereby, the t(stai :Mount of principal debt not c ) cxiccd at any tine the original amount of this mortgage.
<br />Nfed this 26th day of Apri N
<br />S11 AI Of, Pil°URAtiKA.
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