|
<br />
<br />MORTGAGE
<br />
<br />84- 003423
<br />
<br />v
<br />
<br />MORTGM;E LOAN NO, L 24,220 AML/MGIC
<br />
<br />
<br />KNOW ALL MEN BY THKSE PRESENTS: That Keith L. Colenan, a single person,
<br />
<br />
<br />Mortgagor, whether one or more. in consideration of the- sum of
<br />Thirty Nine Tho~and ~~ Hundr~ and.I!.o/ 100-------------------------------- DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand r sland. Nebraska. Mortgagee, upon 396 shares of stock of
<br />said ASSOCIATION, Certificate No, L 24,220 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described 'real estate, s.ituated in Hall County, Nebraska:
<br />
<br />Lot Three (3), in Block Seventy Nine (79), in
<br />
<br />Wheeler and Bennett's Third Addition to the
<br />
<br />City of Grand Island, Hall Cormty, Nebraska.
<br />
<br />
<br />together with all the tenements. herediIamf'[)15 ilnd appurtenances ihcreunto belonging, including. attached nOOT coverings. all window screens.
<br />window shades, blinds, S(orro windows, awnl- .,:.. hcaiing, au condi[ioning,~ot.l plumbing and water equipment and :accessories thereto. pumps, stoves;
<br />refrigerators, and other fixture$ and equipmf~m HOW or hereafter attached to or used in connection with said reaJ estate.
<br />And whereas the said mortgagor has ,1gn::eJ <md uocs hereby ~igree that the mong.agor mall :md will pay all taxes and assessments levied or
<br />assessed upon said premises ,md upon l-his motlgagc and Ihe bond secured thl~reby before the :.ame shall become delinquent: to furnish approved
<br />insurance upon r.h~ buildings on said premises situated in the sum tlf $ 39, 600 ~ 00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION (he policies for said insurance: and no! to commil or pennjt :my waste on N about said premises;
<br />In case of default in the l:.erfmmaocc of any of the terms. and conditions Df tbi!l mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand; be entitled to immediate possession of tbe mortgag.ca premises and the rnongagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income 10 be den'lletl. from the mortgaged premises during such time- as the- mortgage indebtedness shall remain
<br />unpaid; and ,the mortgagee s.hall have the powel to appoim any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the -same and collecliog the teniS:, r~Vt:nUt.~ :md income. and it may pay (1)1 of said income all expenses of repairing said premises and necessary
<br />commissions and ex~nses incurred in !en!wg and man3gjng the ~,,-imC" and ot wHeeling rentals therefrom; the balance remaining. if any, to be
<br />applied toward the di~barge of said mQrt~c imlcbledncss; these ,-ights of the 11I0flgagec may be exercised at any rime during the'existence of SUcil
<br />default, irrespe-ctive of :my temportJry waiver of lhe saule.
<br />These Presents, however. are- upon the Conditiun. That if the- said Mortgagor shaH n:pay -said Joan on Of beforc the trulturily uf said shares by
<br />payment; p-<lY monthly to said ASSOCtATION 1if the slim specified in the Hum! :;ecured hereby as interest and principal on said Joan. on or before
<br />the 1\vcnliethday of each and every month,unlit said loan IS fully paid; pa)' aU taxes and asses~ments levied agaiJlst said premises andon this Mortgage
<br />and the Bond ,~cured thereby < befo~e dehnqul.::ocy: fWlil:,;h approved inslJrant:e upon the buildings lhereon in the sum of S 39,600.. 00 p'dyabJe
<br />to said ASSOCIATION; r-ep-.lY to 5;!!d ASSOCfATION UpGfi ckmand aU JiiDney by Ii paid fOf such ta.xes, assessments and insurance WIth interest at
<br />the' maxim~ legal rate theJeon from date of payment aU of wbich Mortgagor here-by ~gf~tS to pay; permit no waste on said premises;keep and comply
<br />with-all the agreements and conditions d rhe Bond for S. 39,6.00.00 this day gl,,-eo by the said Mortgagor tt.l said ASSOCIATION" and comply
<br />with all the requirements of (he Constitution and By"Laws of s.aid ASSOCIATION; then these pf~_sents -shall becvme- null and- void, otherwise- they
<br />shall remain in full force- and may be foredoseJ at ille_ option of the said. ASSOCIATiON after failure for three months io make any of said
<br />payments or, be three months in altt"&tS in making said monthly payment~, or w keep and comply with the agreements and conditions of said Bond;
<br />arnJ MortgagOl' agtces to- hav~ H p.::ceiwr appointed fOflhwith in-such fOlcdusure proceedings"
<br />If there is any change in. .ownership of the real estate mortgaged herein. by sale 01 othelwise. then the entife rema,lning indebtedness hereby
<br />secured Shall, at the option of The Equitable Building and Loao Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under $aid oond, and any other hond for any additional advances made thereunder, shall! from the
<br />t4ite of e~efcis.e of said option, bear intel-t:st at the maximum legal f"dte, and this mortgage rnay dle-n be foreclosed to satisfy the amount due on said
<br />bond, and any other bond 1'01 additional iidV'4m:es~ together with all ~um$pald by said The Equitable Building and Loan Association of Grand Island,
<br />Neb<<l$ka, for insurance, taxes and assessments, and abstraCting extension charges, with intecest thereon, from date of payment at lhe maximum
<br />legal-rate.
<br />As provjded in the Bond ;reculcd herehy, while this mortgage re-mains in effecr the mortgagee may hereafter adv.ulce additional sums to the
<br />makers of said Bond, their assigns Of sw.:ceSSOf:.s in jfltere~t. which sumS ~haH be within the sccuriry of this mortgage the same .liS the funds onginally
<br />secured thereby, the total amount of pl'incipaI debt not to exceed at any tune the onginaJ amount of this mortgage.
<br />
<br />
<br />
<br />Da.tedthis 2.7th '...... ';/2 Jrm.e
<br />
<br />-~T;;~~-.-
<br />
<br />A, 1),,1984
<br />
<br />~'TATEO.F.NEBRASKA. ,.1..
<br />COUNTY OF HALL \
<br />
<br />Ou this
<br />
<br />27th
<br />
<br />day of
<br />
<br />June
<br />
<br />1984 ,belo.'. me,
<br />
<br />Keith L.Colall<lll, a single person,
<br />
<br />the undersign~d. a Notary PuhUc in and for saw County, pe-tsonallyaune
<br />
<br />~l.'ho
<br />
<br />is
<br />
<br />personally known 10
<br />
<br />
<br />whose n~tlti: is
<br />his
<br />
<br />.affixed K; the above lOstn.unCnt a3 tU01fga&Ol
<br />
<br />lind
<br />
<br />~
<br />
<br />111>1._ JU
<br />
|