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<br />RE-l<OC'ORD ~RTGAGE ro SHCM MARITAL STA'IUS
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<br />MORTGAGE
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<br />83-: 002770
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<br />83- 002401
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<br />MORTGAGE LOAN NO. L 24,089
<br />husband and wife;
<br />KNOW ALL MEN BY THESE PRESENTS: That Russell W. O'Neill and Josephine L. O'Neill/and Michael
<br />J. O'Neill and June M. O'Neill / dl.b/a. O'Nei1,l Construction Canpany,
<br />husband and wlfe;
<br />
<br />Mortgagor l whether one or more) in consideration of the sum of
<br />Thi rty Thr111""mn "'Inn nr1 / 1 00--------------..---------________________________________ DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 300 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,089 . do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />
<br />Lot Nine (9), O'Neill Second Subdivision, in the
<br />
<br />City of Grand Island, Hall County, Nebraska.
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<br />together with aU the tenemcnls~ hereditaments and appul'tenances thereunto 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.sto\'eS.
<br />refrigerators, and other fixtures and equipmem now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shaII and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to fwnish approved
<br />insurance upon the buildings on said prelDlses situated in the sum of $ 30, 000. 00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIA nON the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case 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 the mortgagor hereby assigns, transfers and .sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee 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 payout of said income all expenses of repairing said premises and necessary
<br />coIJUI1issions. .and expenses incurred in renting and managing the same and of collecting rentals thereCrom; the balance remaining. if any. to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default. 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 />payment; pay monthly to said ASSOCI A TlON of the sum specified in the Bond secured hereby as interest and principal on said ]oan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />ilJId> the Bond secured thereby, before deIinquenc'}'; furnish approved insurance upon the buildings thereon in the sum of $3 0, 000. 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand aI] money hy 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 waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for $30,000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requiremellts of the Constitution and By,Laws of said ASSOCIATION; thell these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears In making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such forecloswe proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice. and the amount remaining due under said bond. and any other bond for any additional advances made thereunder. shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance. taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate,
<br />As:. provided in the Bono secured hereby. while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond. their assigns or successors in interest. which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby. the total amount of principal debt nol to exceed at any time the original amount of this mortgage.
<br />
<br />
<br />ted this /l~....?~/ /....1 ~~ of'.
<br />J/;:f' )f};f/". " ,/
<br />.. ...... e~ ?<z;'e't:r
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<br />phi e L. O'NeHl
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<br />STMtOF.N. EBRASKA./' On this 12th day of May
<br />~UNTY OF HALL f"'"
<br />;:;:)" the undersigned, a Notary Public in and for said County, personally came
<br />RlJBsell W. O'Neill and Josephine L. O'Neill, each in his and her CMl1whX;;ight and ~~to
<br />of each o.the. r,and Mi.>Chael J. O'Neill and June M. O'Neill, husband and wiM~8~tfuctlOn. ny
<br />me to be the identical person S whose name S are affixed to the above instrument as mortgagorS and mey se '
<br />acknowledzed the said instrument In be th. eir voluntary oct and deed. .. ...~//.'>>>.>' ... "
<br />WITNF.8S my hand an~iai Seal the date aforesaid. / ...,)
<br />
<br />MyColDloiooion.xpir...!.'7/, /{/9/f/ C..m:z.Z'L, G~ \_-"JaV~.m'
<br />1IIlIU41OT.ur -....."........ Notary Public
<br />JQAHHI Go IIOlIIU
<br />., .... IIp,..... It 1114
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<br />83
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<br />I I '"'Iv1 ~'1 1 ~/
<br />, {(<<.<-- / II; lit?", 1:.. /
<br />17 June N. 0 Ne II
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<br />v
<br />
<br />1983
<br />
<br />. befote me,
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