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<br />MORTGAGE 003959
<br />_ MORTGAGE WAN NO. —14-24,392
<br />KNOW ALL MEN BY THESE PRESENTS: That Samue 1 W. McCul la and Lva Bel le MCCul la, each in his and
<br />her own right and . as sp of each other, Mtxtgagrtr, whether one tar amore, in ootsaidmatiort of die oasts of
<br />_ Sixteen Thousand _and00 _�_- -=------- ---�_� ����_w -DDLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 160 sham of stot.11 of
<br />said ASSOCIATION, Certificate No. L 24,392 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foiowing
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Ten (10), of Abrahamson's Subdivision Number Three (3),
<br />located on and being a subdivisicn of Block Twenty (20) of
<br />Sc,himtler's addition to the City of Grand Island, Hall County, Nebraska.
<br />together with all the tencinc its, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, healing, au c ndaroning,and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hercaltet attacled to ur used in connote with said real estate.
<br />And whereas the and mxortpysgor has agtced and does hereby agree that the mortgagor shall and will pay all taxes and assessments ievied or
<br />assessed upiin said premises and upon this mortgage. and the hand secured thereby before the are shall become delinquent; to furnish approved
<br />insurance upon the buildings on old premtwa situated in the sum of S .1.6, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies fur said insurance, and not to commit ur permit any waste cm or about said premises;
<br />in case of default in the perlorrnance of any lit tree terms and conddrons of this nxnigage of the bend secured hereby, the mortgagee shall,
<br />rm demand, he entitled it) mimedate ptnscssiun cif the nmrlgaged premises and the mortgagor hereby assigns• transfers and sets over to the
<br />nrrtragce all the rents, revenues and income to be derived from the tmrigagcd premises during such time as the mortgage indebtedness shall remain
<br />unpaid: and the mortgagee shall have the power i4, aplitunt any agent or agents it may desire fur 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 />commissions and expenses Incurred m renting and i anagutg the Bann and it collecting rentals therelrom; the balance remaining, if any, to be
<br />applied toward the discharge of slid rnnegage indebtedness, these rights of the mortgagee may he exercised at any time during the existence of such
<br />default, urespeciive of any lempman waiver of the sane
<br />These Presents, however, are upon the CondtiuPn, that if the said Mortgagor shall repay card loan on or before lie maturity of said shares by
<br />payment: pay inimlhly t„ said AS.SOVIA71(lN tit mho• sum specified m the Nnu1 scoured hereby as interest and principal on said loan, on or before
<br />the Twentieth clay of each and every nrnth, until said loan is fully paid, pay all taxes and assessnrents levted against aid premises and on this Mortgage
<br />and the Blind secured thcrchv, hcfoie dchogneny, turmsh approved insurance ul-ri floc buildings iheteun in the sum of $ 16,000.00 payable
<br />It, said ASS(XIATION. repay to said ASSOCIA "1ION uptin denand all nu,ney by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereoti Iromi date of paynicnr all of which Moupailor heicby agrees w pay: perrmt no waste on said premises, keep and comply
<br />wish all Ile agrcenerts and ctnudihuns lit the Wind for S 16, 000 00 this day given by the said Mortgages to said ASSOCIATION, and comply
<br />with all She tequirenwrits lit the Consmtirton and bylaws of said ASS(X'IA[10N. then fhcsc presents shall become null and void, otherwise they
<br />stall tenure lit full force and may he furechrsed at the option ,d the said ASSUCIAIW% after failure for three months ho make any of said
<br />payments ur be three months in arrears art making sail monthly payntenis, of an keep and ur1111)6 wall the agreements and conditions of aid Wind:
<br />arid Mortgagor agrees to have a rcccrvet appointed forthwith in such foreclosure proceedings,
<br />if there is any change rt uwriership of the real estate mortgaged herein, by safe or mierwise, then the entire remaining indebtednea hereby
<br />secured shall, at the optirm of The I:quaabk Budding and [Alan Association of Grant.! Island, Ncbraska, hecumne unnediately due and payable without
<br />further notice, and flit. anxount remaining due under saw Mind, and any other Mond for any additional advances nude thereunder, shall, from the
<br />dale of exercise of aid option, hear interest at cite maximum legal rate., and this mortgage may then be futeclosed to satisfy the amount due on said
<br />burw,aod any other Mau[ flit addilonal advances, tugelher with all suits paid by and The Equitable Building and t_uan Association of Grated Island,
<br />Nebraska lot insurance, taxes and aswsuncnts, and absuacling extension charges, with interest lhelc n, from date of payment at the maximum
<br />legal tale
<br />As ptovmled in the Wind secured hereby, while this mortgage ienains in effect the mrrigagee nay hereafter advance additional sums tin the
<br />makeis of aid fond, their atiwgns of successors in interest, whmdi sums shall he within the wcunly of Ibis mortgage the :antr as (lie funds oregumally
<br />secured thereby, the tout anount lit principal dchi mum w exteeJ at any retire the original amount o) this niortgage .
<br />led this 16th day of j{u(just A. t) , V) 6�j
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<br /><.JlI a�
<br />Eva Be 1 le McCu 1 la
<br />S7A fE 01, NEBRASKA.
<br />('04WFY 01; 1IAI.I a Oil thin j6 lh day of August. I't b`.> , before me.
<br />the Smdensip•red, a Noiaty I'uhlic in and tut said Ci,unty, pctr,nally Caine
<br />Sdmx1 W. W:Cu1la and Wa ik -IN! IMLI ul lot, !'11C11 to 1115 ruled ht'r (Wll jP;tVIlt +Itxl
<br />e ach utltt; r , ,tri'
<br />IP,e tr, Px SPw e,Mntit.al per4rrlis whc,w riann•re r.trt' v ts,rd I.. the a -tie o iiiidyi a. roortt,aE,u au,l tole'y WNT,alis
<br />M.rmwte +lKrd ilr said Irt'll'inill l01„• 01:r1 t rPtuniai) iii seed deed
<br />Wtl NI SS insr trawl slid N t:uial Se,l tin• danr
<br />MV "Pl il+ =i"414 if+i`Rpi1P1 F
<br />141 ;M Pit ,. ., ., e,� ,. •'sat r.m , i�l !sit)
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