|
<br />I
<br />
<br />84--
<br />
<br />0045~5
<br />
<br />MORTGAGE
<br />
<br />r
<br />
<br />KNOW ALL MEN BY THESE PRESENTS' That
<br />
<br />MORTGAGE LOAN NO. L 24,256 AM[,
<br />James J. Sage and Ruth L. Sage, each in his and her
<br />
<br />own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />
<br />Thi rt-y Thol1"'''ncJ "nCJ no,LlO.O==="'-==--.=----------------------- DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska. Mortgagee, upon 300 shares of stode. of
<br />
<br />said ASSOCIATION, Certificate No. L 24{256 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall Coun y, Nebraska:
<br />
<br />Lot Two (2), in Block Six (6), in Kay Dee Subdivision, located on
<br />part of the Southwest Quarter of the Southwest Quarter (SW~SW~)
<br />of Section 'lWenty-one (21), in Township Eleven (11) North, Range Nine
<br />(9) West of the 6th P.M. now in the City of Grand Island, Hall
<br />County, Nebraska.
<br />
<br />together with aU the tenements., hereditaments ~~nd appurtenances thereunto belonging. including attached floor co~rings, all window screens.
<br />window shades, blinds. stann windows, awnmgs, heating, air conditiuning, and plumbing and water equipment and accessories thereto.pumps.st~
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate,
<br />And whereas the S3jd mortgagor has agreed :md dues hereby agree that the mortgagor shall and will pay all taxes and assessments.levied.-or
<br />assessed upon said premises and upon this Jllortg.age .:Ind the bond Sl'cUlcd thereby before the same shall become delinquent; to-Jurnish-approvcd
<br />insurance upon the bwldin~ un ~jd premises situated in the SU~ of S 30.,000 .00 payable to said ASSOCIATION llnd to -deliver to -siid
<br />ASSOCIATION the policies for s:ud msmant.:e; and nm to commIt or permit any waste on or about said premises;
<br />In case of default in the perfonn3nce of any Df the terms and conoilio1\s of this mortgage or the bond secured hereby. the' mortgagee- shaD..
<br />on demand. be entitled to immedl3tt. pos:sesslon of the mortgaged premises and the mortgagor hereby assigns, transfers and sets- over to-:the
<br />mortgagee aU the rents, revenues and income to b~ derived frorn the mortgaged premises during such time as the mortgage indebtedness sball"remaID.
<br />lmpaid; and the mortgagee shall haw the power to appoint ;my agent or agents it may desire for the purpose of-repairing s3..id premiseS_ and ren~
<br />the same and collecting the rents. revenues- and income. and it may payout of said income all expenses of repairing said premises_ and nece:ssUy
<br />commissions and expenses incurred in re!ning and managing the same and of collecting rentals therefrom; the balance remainingy if any. -to_be-
<br />applied toward the disch;uge of said. mortgage indebtedness: these rights of {he mortgagee may be exercised at any time during the existenceofmch
<br />default, irrespective of any tl'lupor,u)' waiver of the same.
<br />These Presents. however, are upon the Condition, That if the S31d Mongagor shaU repay said loan on or before the maturity of said shares by
<br />payment; ?'!y !!"!<~t!>Jy !u ~H! AS-.SOC'!AT!O.N ~~f ~h~ sum specified 15 the Bond Y~cU!ed h~!eby as interest a.-rld. pr:i.P.cipal on said-!oan~ on ar-bm-o!e.
<br />the Twentieth day of each and ever)' month, until said loan is fully paid; pa)' all !axes and assessments levied against said pi'emiscs-and()n thisMortgagC
<br />and the Bond secured thereby. befo~e delifl4uew.:y~ furnis.h approved insurance upon the buildings thereon in the sum of S 30/_000.00' _ payable
<br />lo said ASSOCIATION; fi'opay to s:uJ ASSO('lAT~ON upn;;: demand a.U money by it paid for such. taxes, assessments-and inNnmce-_withinterestat
<br />the maximum legai r<lh: thereun from uate L.f payment aU of which Mortgagor hereby agrees to pay; permit no waste on said premisf?s;keep and comply
<br />with all the agIee~ments and condiltOOS, 01 ~he Bund fi.H $30,000.00 this day given by the said Mortgagor to said AssOCIATlON.-and comply
<br />With all the requuemems of the (onstUull~)U and By-wws of said ASSOCiATION; then these presents -shall become null_and void, _otheJwise ,they
<br />shan remain in full fvrl,.'e and may be fUlcdo~d at the optiun of the said ASSOCIATION after failure for three mon.ths_ to-make any_ of:said
<br />payments or k three months lO anears in making :saiJ rnonlhly payments. or to keep and comply with the agreements and conditions of said Qond;
<br />and Mortgagm agrees to ha.ve a receiver appointed forthwith in such fotedQs.urc pn.l<.-eedings.
<br />If there is any change III own~lShip of the H~al ~slate mortgaged herein, by sale or otherwise~ then the entire remaining indebtedne$s hc~y
<br />secured shall. at th~- optkJ-H ;J[ The Equilable BUllthng and LOJ.1l Association of Grand Island, Nebr8ska~ become immediately due and payable without
<br />further noti\.'e, and the :unOulH n:maining due under said bond. and any other bond for any additional adwnces made thereunder... shall. frwn the
<br />date of exercise of said ophon~ bear intert:sl at lite maximum legal rate, .wo thjs mortgage may then be foreclosed to. satisfy the amount-due on said
<br />bond, and any other bond (Of additional ad...,mtes, together with all sums paid by said The Equitable Building and Loan A5SOclation of Grand Island.
<br />Neb.dsKa for insurance, taxes. and asses.smenls, and abstl1t.cting extension charges, with interest thereon, from date of payment at lhe maJUmUIJI
<br />legal rate.
<br />As provided in the Bond seetin.'1.! heH.~by. wllik tltis mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bonu. their aSSJ:gns.or :SUi:l."e~>iS III H1tt:rc-sI., whi\,:h sums shall be within the security of this mortgage the same as the funds-otiginally
<br />secured thereby. the total amount of prinCipal debt mH !i1 eX('l.~d at any lime the original amount of this mortgage.
<br />
<br />i Dated tlus 29' ,;lay .,1
<br />
<br />~-~jfVt/(
<br />{ - 1~- ._~<;:tM
<br />
<br />August
<br />
<br />A. D., 19 84
<br />
<br />STATE OF NEBRASKA,j
<br />>'S..\.
<br />COUNTY 01' HALL \
<br />
<br />(.tn tius.
<br />
<br />29th
<br />
<br />day 0f
<br />
<br />August
<br />
<br />1984
<br />
<br />, before me,
<br />
<br />L
<br />
<br />the undersigned. :I N\)tary Public in lUld for said County l personally calIH'l'
<br />Janes J. Sage and Ruth L. Sage, each in his and her 0n'Il right and ~o ss:o~ o~~iIiII1known to
<br />othar,
<br />me: to he lhe ideutiClJ perwll S Wlh)S4: naul!.' S are :tnlxeu tu thl' ."ihm."\' ins.tnt.Hent as UlO1lg,agur S ..nd they severally
<br />Jdnowled&e;d the said ul~llUnh_\j.\1 10 hI? their vduutan- Jel anu Jecd.
<br />v.,1lNFSS tn)' h;<j,wj and NutanJl S~_i\! lilt,' date aiun:s.uJ
<br />My ('l..lmmi,\......-..ofl ;:-xj1'ln~',. )z,.cu /f /p,ty
<br />I
<br />
<br />I.~!Y iU
<br />
<br />~1lllI~~.~;-SI....IIk.. .
<br />1-11.... JOAHt.;U. I1OUS/i....
<br />"= "" ClIma. ~ .. II, 1S84
<br />-.
<br />
<br />~ -7
<br />./ /
<br />/<~ ,/'1:"
<br />,_ / I ,
<br />~ {:;J&?Ni16 Cd ,\".f:'da:~u '.
<br />,F'/ Notary f~bh(:
<br />
|