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<br />lIORTf'AGE _ --- _ ~-- -- -
<br />MORT ;AGE LOA ~ ~.~~. L 2~4D1 ~-IGl ~'
<br />K\4~ALL!~fENBYTHESEPRFSENTS That Jt?ffrey T. 3ourke, a single person
<br />Mortgagor, wl-rethcs one or store, in cortsideration of the surrt of
<br />fifteen Thousand Three_Hurldred and No1100-------------------------------------- floLLA_Rs
<br />loaned to said mortgagor by° The Equitable Building and Laan Assocation of Grand Island. Nebraska, Morteaget, upon ~ 53 shares of siord: of
<br />said ASSOCIATION, Certificate No. L 23~D1 MGIC, do hereby grant, convey and rrwrtgage unto the said ASSOC[ATIOti the following
<br />iescribed real tsiate, situated in Mali County. Nebraska:
<br />NORTHERLY fIFTY {50) FEET OF LOT EIGHT {&)
<br />IN BLOCK ONE HUNDRED TWENTY-FOUR {124; IN
<br />UNIay PACIFIC RAIL!,IAY COMPANY'S SECOND
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached (lour coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning,and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now ur 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 shall 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 premises situated in the sum of 5 ~ ~j, 300.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises:
<br />In case of default in thz performance of any of the terms and conditions of this mortgage or the bond stowed hereby, the mortgagee shall,
<br />on demand, 6^ emitted to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rent;, eevenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall rerttaitt
<br />unpaid: and the mortgagee shall have the power to appoint any agent or agents it may desire for the purport of repairing said premises and renting
<br />the carne and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />wmmissions and expenses incurred in renting and rnanaging the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgagt 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 />Thest Presents, however, are upon the Condition. Thac if the said Mortgagor shad repay said loan on or before the maturity of said shares by
<br />oaymeni; pay monthly to said ASSOCIATION of the sum speciSied in the Bond secured hereby as interest and principal an said loan, ort or before
<br />the Twentieth day of each and even month, until said loan is fully paid: pay all taxes and assessmtnts levied against said premises and on this Mortgage
<br />and the &,nd secured thereby, befart delinquency: fwrtish approved insurance upon the buildings thereon in the sum of cl 5 ~ 3DD, QD - payable
<br />to said ASSOCIATION; repay to slid ASSOCL4TiON upon demand all money by it paid for such Saxes, assessments and insurancx with interest at
<br />the maximum legal raft thereon from date of paymen# all of which Mortgagor hereby agrees to pay; permit no waste on said prerrises; keep and comply
<br />witfi'aA She agretments and condi#iens of the Bong for S ~ 5, 300.00 this day givtn by tht said Mortgagor Sa said ASSOCIATION, and c=omply
<br />with all the requirements of the Constitution and By-Laws of said ASSOCIATION: then these presents shall become null and void, otherwise thty
<br />I} remain in full force and may be ioreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />-- ryments ar be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />>,~d Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of She 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 tsland,Ntbraska,become immediately due and payable without
<br />further notice, and [he amount remaining due under said bond, and any ether bond for any additional advances msde thereunder, shay, 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 Egtdtable Building and Loan Association of Grand Island,
<br />Ntbraska for inswance, taxes and assessments, and abstracting extension chazges, with interest thereon, from daft of paymtnt at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the rztortgagee 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, tht total amount of principal deb[ not to exceed at am: time the original amount of this mortgage.
<br />Dated this 30th day of Apri 1 A. ~., 14 79
<br />J f ,Bourke
<br />STATE OF NEBRASKA, ~ On this 30th day of Apra 1
<br />- COUNTY OF HALL ~ 14 79 ,before me,
<br />the undersigned, a Notary Public in and fox said County, personally came
<br />Jeffrey T. Bourke, a Single person, who iS personalty known to
<br />tttt to be the identical person whose name 'I S affixed to the above itutrtrment as mortgagor and he yt
<br />acknowledged ti>r said instrument to be h 3 5 voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />My Commission expires
<br />~ ^z,:Lnn1 ^:CiA,°.Y-;bta ol^ ;~laiNaslta otary Public
<br />st.ast RI ~ n, fR W. SAPP
<br />- i~rd~_y 'r 5l% ~!`-- i.rp. Fed. 3i, 1432
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