|
i~--U v ~ ~i k~ i
<br />MORTGAGE
<br />MORTGAGE LOA:*I NO. 123351
<br />n'~uWALLME>~rBrTr-IESePRESE,1rs:That Gary L. Sander and Linda C. Sander, each in his and
<br />her awn right and as spause of each ether
<br />-- rylori{y~g..r, wheihzr vrrt or morn _in conaideratson of the sum of
<br />Twenty Gne Thousand Twa Hundred afrd NoJIGG------- ---°--'--- DOLLARS
<br />waned to said mortgagor by The Equitable Building and Loan Association of Grand island, Nebraska, Mottgagx, upon 2I2 shares of stock of
<br />said ASSOCIATION, £ertrficate P7o. L 23351 , do hereby grant, convey and mortg~gt unto The said RSSOCIATION itte following
<br />described teat estate, situated in Ball County, Nebraska:
<br />LGT GNE HUNDRED SIXTY-SIX (266) IN
<br />BUENAVISTA SL'BDIVISIGN, AN ADDITION
<br />TG THE CITY GF GRAND ISLP,ND, HALL
<br />CGUNTY, NEBRASKA.
<br />together with alI the tenements, hereditaments and appurtenances thereunto belonging, including attached flaor coverings, alt window scretns,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning; andptumbing and water equipment and accessories therefo,putnps, stouts,
<br />refrigtrators, and athtr fixtures and equipment now of htreafter attachei! to or ustd in canntetian with said tea? estate.
<br />And whereas the said mortgagar has agreed and does hereby agree that The mortgago; shall grid will pay all taxes and a~essments lev~d nr
<br />asstssed upon said premises and upon this mortgage and the bond secured fherebv before the a.me shall became delirtquent; to furnish agprovtd
<br />insurance upon the butldings on said premises situated in the sum of S 21, 2GG. GG payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies far said insurance; and not Eo commit ar permit any waste an ar about said premises;
<br />to case of default in the perfvmtance of any of the rerms and conditions of this -rnoagage or the Mond secured hereby, tfre mort~gee. shall; .
<br />on demand, be entitled to immediate gassession of the mortgaged preniists and tht mortgagor hereby assigns, transfer and sets. over to .the
<br />mortgagee all the rents, revenues and income to be derived from the rnartgaged premises during such time as the mortgage indebtedntss shall rtmaia
<br />unpaid; and the mot{gagee shall have the power to appoirtt any agent ar agenu it may desire far tfte purport of repairing said premises amt ittititig
<br />t,`x >a~ and wiiecting lire rents, rzv-nuts anu' incame. and it may PaY au[ of said :•ncome ail expenses of repairing said premises and. necessary
<br />cammissions and experises incurred in renting ~.td managing the same and of collecting rentals therefrom; the balance remaining, if any, to be .
<br />applied Toward the diuharge of said mortgagt indebtedness; these rights of the martgagee may }t extrcistd at any tune Suring tht exisftnt:t ec such
<br />default, irres~ectisw of any teruyv.a:~ r~,~_ ,f the w_=+><-. - - -
<br />Thant Presents, however, are ,;p~.:n the Cendiiion, That if :lte said Mortgagor sha13. repay ;aid Soar on or before The maturity of said-shares by -
<br />gayrnent; pay monthly to said ASSOCIATION of the sum specified in the Bvnd- secured hereby as interesT and principal on said loan, on or before
<br />the Twcntieihday of each and entry month, untH said loan is fuGy paid; pay afl taxes and assessments levied against said premises and on this Mortgage -- ,_
<br />and tht Bond secured thereby, before delinquency; fantish approved insurance upon the buildings *.hereon Ln [he sum of S ~~ ,2GG. GG payable
<br />to said ASSOCIATION: repay to ;aid ASSC~IAT, S3.r'N ;rpon^. dt; ~-td elf mar~% by iT paid far such taxes, assessments and btsa-anct with iriteresi.at -'
<br />The maximum legal rate thereon from date of paymtnt alt of which Mortgagor hereby agrees to pay permit na wastt onsaidprtmi~s;kcep-andcomgly - -
<br />with aU the agreements and conditions of the Bood for 3 21,2GG. GGthis day pinto by the said Mortgagor to said ASSOCIATION., and Damply
<br />with all the requirements of the Constitution and By-Laws of said ASSC~IATION; then- these presents shall become nufl and voitt, otherwise they
<br />sftaJ remain in full farce and may be foreclosed at the option of the said ASSOClAT10N after failure for three itwnths to make any of said
<br />payments ar be three manihs in arrears in making said monthly payments, or to kelp and comply with the agreements and conditions of said Bond;
<br />and Mortgagor egrets to have a receiver appointed forthwith in such foreciastna proceedings.
<br />(f there is any change in awnershrg of the real esters rnatgaged herein, by rein or otherwise, then the entire remaining indebtedness hereby
<br />secured shah, at the agtion of The Equitable Budding and Loan Association of Grand Island, Nebraska, become immediately due and payable withvtrt
<br />farther notice, and the amount remaining due under said bond, and any Defter bond for any additional advances made fhereundtr, sliait, from the
<br />Batt of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount dot on said
<br />bond,and any athet bond Far additional advances, togtther with all sums paid by said The Equitable Building and Loan Association, of Grand Island-
<br />Nebraska far insurance, taxes and--.assessments, and abstracting extension charges, with interest thereon, from -dart of -payment at- the maximum
<br />regal rate. - _
<br />As gravided in the Band secured hereby, while ifus mortgage remains in effect the mortgagee may hereafter advahce additiortal sums to -the
<br />makers of said Band, their: assigns ar successors in interest, which sums shall be within the ~curity of this mortgage the same as the funds otiginaily
<br />se ed thereby„#)a&ea2ai- unT of principal debt not to exceed ai any time the originat amount of this mortgage.
<br />llittetlt . ~25tfi say of ;February A. D., 157
<br />,~?
<br />5 er ~
<br />Li ncI = G. Sander
<br />STATE OF NEHL2ASKA, }
<br />COIa~Lrt"9'Y OF ttAtL ! ss. On this 2~~h day of F~bY'li$r,~ 14)~ , before mt,
<br />the tmdtasigntd, a Notary Public in end far said County, per~nallp wme
<br />~~~ry~rt,. Sander and Linda ~~- Sandel^, each .n his..alld #-er i1wI1 right rho adrepau~s°rtfallgkn Ito
<br />rr~ sbt #ht`idettt{caLperson S wfuraestsmt ~ are aff.ced W the above fnetrument asrtuirtgagor $ and. they.~veraBy
<br />ac;fno~rtdged t3te eaid lost rument-to be '~~ i r voluniaTy aCt and dscil. -
<br />1k'(TNLSS my Band and ^,'otatra} Sralthcdate afureiwid. ~
<br />My Cvrmn,~iori expires
<br />~.:{;fBi°.,: EdlT.4g,Y' i3f tf~a5k ~ ~~f , ~ Notary Public
<br />s•t•aai xt PA, Y,<. SAl?P
<br />_s My Cerrm. Exp. At:g; 3t,198~ '
<br />
|