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85- 004385
<br />MORTGAGE
<br />MORTGAGE IRAN NO. __L__.24.,4Q0_-_--.-----
<br />KNOW ALL MEN BY THESE. PRESENTS: That Duane P. O'Neill and Irene E. O'Neill, each in his and her
<br />t7M►n right anti as spt)use of each other, Moappoo, whether one or more, in cotaiderstim of the rnsist of
<br />--- -- --------- — ARs
<br />kaned to said mogpspor by The Equitable Building and Loan Association of Grand Island, Nebraska, Motgapee, upon 65 shares of stock of
<br />said ASSOCIATION, Certificate No. 4 24 400 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Ilan C(=y, Nebraska:
<br />The westerly one—half (W�) of Lot Two (2) , in
<br />Block Thirty Four (34), in the original town,
<br />new City c>f Grand Island, [call Ccunty, Nebraska
<br />topeth a wish an the icocio eels, hereditarnents and ap purtenanw s, thereumo teknging, including attached floor coverbgs, all svcdovu scom,
<br />window shades, blends, storm windows, awnings, heating, sir conditioning, and plumbing and waxer equipment and accessories thereto, pumps,stwes.
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or tried in connection with said real estate.
<br />And whereas the said mortppo r has agreed and does hereby agree first the mortgagor shall and will pay all taxes and smCS•aesIs kvW or
<br />assured upon said premeses and upon this moripp and the hod secured thereby before the sane shall become delinquent; to fsunfsh approved
<br />insurance upon the buiWinp too said premises situated in the. sum of S 6,500.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the pticies for said insurance; and not to commit or point any waste on or about said premises;
<br />In case of default in the p ifornance of any of she terms and cnditmms of this mortgage or the bond secured hereby, the mostpppea shall,
<br />on demand, be entitled to immediate possession of the nortgWil premises and the: iti rtgagur hereby assoppps, transfen and sets over 10 the
<br />matgapee all the rents, revenues and inabme to be derived from the tnwtppged premises during such time as the mcrtppe indebtedness shall tell"
<br />ttrpad; and the m rippe shall have The power to appoint any agent or agents it may desire for the purpose of repairfag said premiss ate resNmg
<br />the same and cullectirg the rents, revenues and income, and it may pay rum of said income all expense, of repairing mid premises and accamy
<br />cis ors and expenses incurred in renting and managing the same and of collecting rentals thcrefrotn; the balance reaakug, if any, to be
<br />applied toward the discharge of sad nxrtpptc indebtedness; these rights of the mortgagee may he exercised at any time during the existence of such
<br />defuds. irrespective of any temporary waiver of the sense.
<br />'these PrewCts, however, are upon the Condition, Fhat if the ud Minipprn shall repay said loan on or before the natwity of aid sates by
<br />payment; fay monthly to said ASSOCIATION of The sum specified in the Bond secured hereby as interest and princyal on slid kart. on of bottom
<br />the Tweotiethday of each and every rrxnth, unld saki loan is fully pail; pay all taxes and assessments lered against said prances adon this Mot4m
<br />and the Bond sectored thereby. before dehnyuency; furnish approved insurance upon ale buildings thereon in the sum of S 6 t 500.00 payable
<br />to sad AWSWIA'"W repay Ito said ASSOCIATION upon demand all rooky by it paid for such taxes, assessments and mswance with ctaest at
<br />the maximum legal rate thereon from date of paymrnl all of which Mosippor hereby agrees to pay; permit two waste on said premces;keap adoursply
<br />with all the alptemenfs and aondnitns of the Bond hr S 61500. 00 this day given by the said Mostpom to mid ASSOCIATION, and conhply
<br />with an she rmrpurements(A TheComstitulwn and Byd.awsof said ASWKIATItNI; then these presents shall become mall and vale, otherwise they
<br />Am rersain to fun force and may he fwrcckacd at the option of the and A )CIA110N after failure for three months to mdse any of mad
<br />payments in he three nnonths in atests in snaking said monthly payments, or ho keep and comply with the agreements and chndititma of said Bond;
<br />ared umlgaprr agrems is Iwve a receiver appointed forthwith in such foreclosure proceedings.
<br />If that is any chow in ownership of the real estate nrrtp rot herein, by oak or otherwise, than The ealke remaiabtg kdebutdniss hereby
<br />,scarred sap, at the oprNm of The E.qutubk Building and Loan Asumalkn of ( ;rand Island, Nebrsks,beamhe i mnmdiatoly due and pay" wNMmt
<br />further fxtiec, and the amutrit remaining due under mid bond. and any other bond for any additional advances made thaewhdms, sub. fmm the
<br />date of exencae of mad option, boar interest as the maxmmhm kjW rate, and this mortgape nay than be foreclosed to satisfy the assistant doe on aid
<br />bond,ssd any other Mod for sddalosal advances. tnprther with an wins pail by and The I'quotable Budding and Loss Association of Grand Island,
<br />Nebraska for ~oosice, taxes and lowniments, and ahstnctmg extension chops. with interest thereon, from date of payment at the auxfnhum
<br />h*W Mc.
<br />As ptwided in The Wind secured hereby, while this rmrtgtge remains in effect the rkrippe nay hereafter advance additional samors to the
<br />makers of said Wood, Them awns or wccesos in interest, which sums gull he within the security of this murtgape the same as the funds oipfaaNy
<br />witurtd ihostorby, the teal sm+was ref principal debt mot to a %cxcd at any time the original smkount of this nxMpp;e.
<br />rioted the 5th day of Septeff ber A. n., Its 65
<br />,
<br />41 AR OF NE'.BNASKA, ss. On this 5th flay of Sept,uvW, r Its b5 Isekre me,
<br />('OhTNiY fit•' NAI..1.
<br />(foe undciup*4, a Notary Public in and her rat l'ou nty, petanany woe
<br />uutsinsir P. (.f'Nei 11 stfKl llz,rle E. O'N1 i 1 1, oach in his al-0 Ix.r cWn rltjk>6 u d as slimft ttni tj
<br />tor.
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<br />rise it, he the kirolot*1 pot+anr let whom nano so atrC afli %rd to tlx• chive instrut rl rill arxl t hL. 7 severalty
<br />adnemtmdprd she aid rrstourtwol W he thoi C yr +lturfaty a i ankh decal !. '
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