|
lw9bR','FGAGE,
<br />MORTGAGE LOAN NO. L 2~4tJ9
<br />ICYOwALLMENBYrxESEPRESENTS:That Thomas R. Mason and Geraldine K. Mason, each in his
<br />and her own right and as spouse of each other
<br />----Mortgagor-whether one or mocc, in consideration pf the sum of
<br />Thirty Two Thousand and No/100----------------- ------------------------- ooLLAR°
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 320 shares of stock of
<br />said ASSOCIATION, Certificate No. L 23409 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Flall County, Nebraska:
<br />A PART OF THE EAST HALF (EZ) OF LOT FOURTEEN (14) OF VANTINE'S SUBDIVISION, LOCATED
<br />ON A PART OF THE NORTHWEST QUARTER (NW) OF SECTION TWENTY-TWO (22), IN TOWNSHIP
<br />ELEVEN (il) NORTH, RANGE NINE (9) WEST OF THE SIXTH P,M., MORE PARTICULARLY
<br />AESCRIBED AS FOLLOWS: BEGINNING AT THE POINT OF INTERSECTION OF THE NORTH LINE OF
<br />SAID LOT 14 OF VANTINE'S SUBDIVISION WHERE SAID NORTH LINE INTERSECTS WITH THE
<br />PROJECTED EAST SIDE OF PINE STREET; RUNNING THENCE EAST ALONG AND UPON THE NORTH
<br />LINE OF SAID LOT 14, A DISTANCE OF 135 FEET;THENCE AT RIGHT ANGLES SOUTH AND
<br />PARALLEL TO THE EAST LINE OF SAID LOT 14, A DISTANCf OF 66 FEET; THENCE WEST
<br />PARALLEL TO THE NORTH LINE OF SAID LOT 14, A DISTANCE OF 135 FEET TO THE EAST
<br />LINE OF SOUTH PINE STREET; THENCE NORTH ALONG AND UPON THE EAST LINE OF PINE
<br />STREET, A DISTANCE OF 66 FEET TO THE POINT OF BEGINNING, BEING IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances 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,stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or uud 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 />assesud upon said premises and upon this mortgage and the bond secured thereby before the same shag become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 32,DDD. DD payable to said ASSOCIATION and [o deliver [o said
<br />ASSOCIATION the policies fur said insurance: and not to crommit or permit any waste on or about said premises; '
<br />In case of default in the performance of any of the arms and conditions of rhis mortgage or the bond ucwed hereby, the mortgagee shall,
<br />on demand, be entitled to immediate posussion of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the tents, 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 purpou of repairing said prer,tises and renting
<br />the saint and rnliecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said pretttius and necessary
<br />rrommissions and expenus incurred in renting and managing the same and of collecting rentals therefrom: the balance remaining, if any, to bt
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exerciud at any time during the existence of sucl:
<br />default, irrespective oC any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That i(tht said Mortgagor shat! repay said loan on or befart the maturity of said shares by
<br />payment: pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principat on said loan, on or btforc
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and asussments levied against said premius and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance tipnn the buildings thereon in the sum of S 32,000, DO payable
<br />m said ASSOCIATION: repay to said ASSOCIATION upon demand al! mr>nev by it paid foe such taxes, assessments and insurance with intetzst ai
<br />the maximum legal rate thereon from date of payment all of which Mortgagor helelry agrees to pay; permit nu waste on said premius;kcep and vrompiy
<br />with alt the agreemems and conditions of the Bond for 5 32 QDQ, DD this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the regnrrements of the Constitution and Bylaws of'said ASSO('1AT10N; then thex preunts shall become null and void, otherwist thev
<br />shall remain in full force and may be forecloud 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 foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwiu, then [he entire remaining indebtedness hereby
<br />secured shat, at the option of The Equitable Building and Loan Association of Grand Island, Neb[aska,become immediately due and payabk without
<br />ftuther notice, and the amount remaining duc 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 [he maximum legal rate, and this mortgage may then be forecloud to satisfy the amowu due on said
<br />bond,and any other bond for additional advances, together with all sums paid by said The Equi[abh Building and Loan Assa.iation of C.rand Island,
<br />Nebraska for msur?nce, taxes and asussments, and abstracting extension charges, with interest thereon, from date of payment at the rtiaximum
<br />{egalrate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advanc. 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 nut to exceed at any time [he original amount of [his mortgage.
<br />oat d ehi: 4th day pf May A. o., l9 79
<br />~~. ~ ~
<br />_~ , ,'h ~ ~ .mot ~ ~ ~}~w~ ~ _,
<br />~.~,~
<br />era ine K. .Mason
<br />-STATE OF NEBRASKA, ~ On this 4th day of Mdy 19 79 ,before me,
<br />COUNTY QF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Thomas R. Mas ra}dine K. Mason, each in his and her own ri~~ and as ~~ ~~
<br />-each other g t-• GA~,~c are ~r ~1y wntp
<br />me to be the id [~'ir~pi~c~°•~, tt name S are affixed to the above instrument as mortgagor S and they severally
<br />s~t•zat to
<br />tgit~ait'strurtuni td lee cly he 7 r voluntary act and deed.
<br />~TNF.{4~tY~ aPd N rial Seal the daft aforesaid.
<br />Gtr=v; P' i
<br />fyCor~expiies~~_ _~3
<br />~. ,~ ~: ~,° ~t; ' ~~ Not-
<br />
|