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85--- 004012
<br />MORTGAGE See L 21j 160
<br />MORTGAGE LOAN NO. -T, 94,191
<br />KNOW ALL MEN BY THESE PRESENTS: That Michael S. McElroy and Cristy J. McElroy, each in his and
<br />her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />TtafeiltV Mwp_hpU -:arid Twn Hiindred F f y and - 111 /111-0 DOLLARS
<br />loaned to saki mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 222 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,393 , do hereby grant, convey and rnurtgagc unto the said ASSOCIATION the following
<br />described real estate, situated in hall County, Nebraska:
<br />The Easterly Sixty five (65) feet of Lot Seventeen (17) amid the
<br />Westerly Nine (9) feet of Lot Eighteen (18) in Block Ten (10),
<br />in Parkhill Third Subdivision, an addition to the City of Grant
<br />Island, Hall County, Nebraska.
<br />together with all the tenements, hereditament& and appurtenances thereunto belonging, Including attached fluor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, hearing, air conditioning., and plumbing and water equipment and accessories thereto, pumps,stoves,
<br />refrigerators, and other fixtures and equipment now ur hereafter attached to on used tit 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 />asseurd upon said premises and upon this mortgage and the bond secured thereby beture the same shall become delinquent; to furnish approved
<br />insurance upon tie buildings on said premises situated uh the sum rat S 22, 25U .00 payable to said .ASSO( *IATiON and to deliver to said
<br />ASS(X'IATION the policies for said insurance. and not to commit ur permit any waste on of about sail ptenuses,
<br />In case of default in the performance of any of the tennis and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to imrr)ediale possession of the mortgaged premiu•s and [tic inorts;agor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and Intone to he tictived from the nmitgaged premcses that mg such time as the mortgage indebtedness shall remain
<br />unpaid; and Ore m origagee shall have tike prtwcm to appoint any agent or agents it may desire for the purpose of repairing said premises and tenting
<br />the same and owllecting 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 in renting and managing [he same and of .olleC hng rentals therefrom; the balance remaining, if any, to be
<br />applied toward the dhuharge of said mortgage mdchtedness, Ihcse rights of the noorigagce inav be exercised at any time during the existence of such
<br />default, eriespec•tive of any temporary waiver of the sane.
<br />These presents, however, are upat the Condition, `i'bat it the said MmIgagoi ;Ihall -pay said lean on ar lietuic the maturity of said shares by
<br />payment; pay nnnOtly to aid ASSOVIATION of the sum specified in the &trod secured hereby as interest and principal on said Iran, on or before
<br />the Twenteth day of mach and every month. until said loan is fully paid: pay ail taxes and assessments levied against said premises and on this Mortgage
<br />and the Blind wcured thereby, before delinquency; furnish approved Insurance upon the buildings thereon in the sum of S 22, 250.00 Payable
<br />to sand A,SS(X'IAT7(hN: repay to said ASSO( ATION upon demand all money by I[ paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of whit -h Mortgagor hkrcby agrees to pay, permit coo waueon said premucs; keep and comply
<br />with all tike agreements and conditions of the Bond for S 22,250.00 [his day given by file said Roitgagor to said ASSOCIATION, and comply
<br />With all tie requtemlenE% of the Conxtmufnsn and By Laws of said VSS(X'IATION, then these presents shall become null and rand, otherwise they
<br />shall retrain in full force sod may he foreclosed at the option of the said ASSO( IAIION after failure for three inonths to make any of said
<br />payments or be three months III amcars rat nuking said monthly payments, or to keep and comply with the agreements and conditions of said ltrnd,
<br />and Motlgagt syrecs to have a reserver Appointed forthwith In such fuocchntme proceedings.
<br />If there is any change in ownership of the meal estate nottgaged herein, by sale of otherwise, then the entire remaining indebtedness hereby
<br />secured shad, at the option of The Equitable Building and {can Association of (;rand island, Nchraska, become immediately doe and payable without
<br />futther notice, and the amount remaining due umnlcr said Mired, and acv other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said oplxin, beat interest at the maximum legal rate, and this norlgage may then he foreclosed to satisfy the amount due on said
<br />boad,and any other Mind for additional advances, together with all sums paid by said The, Fquitable Budding and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extelloon charges, with interest thereon, from date of payment at the maximum
<br />kgid rate.
<br />As provided in the Buret secured hereby, while !his mortgage renuins it effect the mottgagee pray hereafter ad%ance xldifional sums to the
<br />twluts of said fond, drain assigns os stxa:esuirs in mteresl, which sun[% shall he within the security of this mortgage the %ante as the funds orgtinally
<br />vacated thereby, the total Amount of principal debt out to exceed at amv lime the anginal atrount it this nongsge.
<br />Dated this 16th illy pf Aujust A n , I1+ 85
<br />4LATF. OF KI {BKA2iKA, w eta rhos lbf.tl day of elWust lo+ b5 , hetwit ne,
<br />C04 JNT'Y0 F1AI.t.
<br />I he undcntgned, a No[aiy Public tit and fill void County, pesrnallycatte
<br />L Ptict l s. 1Ncrrlmtly alai e:fz.fat.y J. McElr(y, Uactt in lore and lx�r xrsl mt'Ot tuxt as yitill
<br />w' o per�ktits v no n o
<br />M1
<br />diva to he ttx' xleror"l ptcrrm is wlexnr nano' 6 art' affixed In Iht aL•,we msfnnitnl a *. nongagot and tla'y sevvnHv
<br />hk::krx.wkt�{cd rte ,aid Invllurteettt 1•n Ise f.:lY:!.Lr veiluniatF a,:i and dec,l
<br />W11NI N% my hand cod Nwa.ral %cal Ili., dale• at,nTsaifi ..
<br />My t •n ?;111 /%t{9*a tiaras
<br />is rx lM ar 1 /�iN f1aM�41 MMatU .. i Nomad sV'&Io.
<br />Il�ai
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