|
79-. ~,E~2943
<br />MORTGAGE _
<br />MORTGAGE LOAN NO. L Z°410
<br />KNOW ALL MEN BY THESE PRESENTS: That Ste 11 a M. Hei 1, an un-remarried person
<br />- Mortgagor, whether one or mare -in wnsideratian of [he sum of
<br />_Twenty Eight Thousand and No/100--------------- ---------• DOLLARS
<br />loaned to said mortgagor by The Equitable $udding and Laan Association of Grand Island, Nebraska, Mortgagee, upon 28O shares of stack of
<br />said ASSGCIATION, Certificate No. L 23410 , do hsreby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT SIX (6) IN BLOCK THIRTEEN (13) IN
<br />ARNOLD AND ABBOTT'S ADDITION TO THE CITY
<br />Of GRAND ISLAND, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor covrerings, all window screrns,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or uxd in connection with raid real estate.
<br />And whereas the mid mortgagor has agreed and does hsreby agree that the mortgagor shall and will pay alt taxes and asxssments levied or
<br />assesxd upon said premises and upon this mortgage and the bond xcy(ed hereb before the sartu sha$ become delinquent; to famish approced
<br />insurance upon the buildings on said premisessituated-in the sum of S L$,~OI~.~O payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance: and not to commit or permit any waste on or about said prsmixs; „
<br />In rase of default in the performance of any at the terms and conditions of this mortgage or the bond xcured hereby, the mortgages shall,
<br />on demand, be entitled to immediate posxssion of the nmrtgaged premises and the mortgagor hereby assigns, transfers and xis over to the
<br />marigagel all the rents, revenues and ircome to be derived from the mortgagsd prsmixs during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagce shat( have the Bower to appoint any agent or agrnu it may desire for the purpose of repairing said premises and tenting
<br />the same and colktxing the rents, revenues and income, and it rosy pay out of said income all sxpenxs of repairing said premixs and necessary
<br />commiss~ns and exptnses incurred in renting and managing the same and of colkciing rentals therefrom; the balance remaining, if any, to be
<br />applkd towed the discharge of said mortgage indebtedness: [hex rights of the mortgagee may be exercised at any time during the existence of wch
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, aze upon the Condition, That if the said Mortgagor shall repay said loan on or befbte tits maturity of said shazes by
<br />paytsteni; pay rnonthty to said ASSOCIATION of tbe sum specified in the Bond xcursd hereby as interest and principal on said loan, on ar before
<br />the Twrntkih day of each and every month, until said loan is fulh• paid: pay ail taxes and assessments levied against said premises and on this Mcngage
<br />and the Bond secuued thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of SZ$, OQO.OO payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand a$ money 6y it paid for wch razes, assestvrtents and- insurance with interest a[
<br />lire trtaximtun Egal rats thereon from date of payment all of which Mortgagor hereby ogees to pay;petmit no waste on said prsmixs; keep and comply
<br />with all the agreerrients and conditions of the Bond for S 2$ OOO.OD this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the tsquiremrnts of the Constitution and By-Laws of said ASSOCIATION: then these presents shall bernme null and void, o[herwtx thty
<br />shag remain in full force and may be fore,;!~d ai the option of the said ASSOCIATION after failure for twee months to make any of said
<br />payments or be three moaths in arreazs in making said monthly payments, or to keep and comply with the agreements and conditions of said Band;
<br />and Mortgagor agrees to haw a receiver appointed forthwith in such foreclosure proceedings.
<br />tf tla:rs is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entice remaining indebtedness hereby
<br />secured shaft, at the option of The Equitable Building and Loan Association of Grand lstand,Nebraska,bacome immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shag, from the
<br />date of exercise cf 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 ail wms paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, faxes and ass=rr.ents, and ab~racang rxtensian cttargss, with interest thereon, from date of payrrcent ai the maximum
<br />kff+l rate.
<br />As provided in the Bond secured iureby, while this mortgage rcmairts in effect the mortgagee may hereafter advance additional sums [o the
<br />nnlcers of said flood, their assigns or wccessors in interest, which sums shall be within the security of ibis mortgage the same as the funds originally
<br />secured iitereby, the tats! anwunt of principal debt not to exceed at any rune the origirrat amount of this mortgage.
<br />4a;h _ ¢ayo Mdy A. D., t9 )9
<br />.~-'l •" n.k tom-..
<br />Ste'I Tri M. Hei 1
<br />STATE OF NEBRASKA, ~. On this 4th dry of Mdy 19 73 ,before me,
<br />• COUNTY OF EIAiL
<br />Stella M.-Heil, an un-remarried person,
<br />ihs undtrsigned, a Notary Public in and for said County, persona$y came
<br />who 7 S personally known so
<br />fats to be the identical pstmn whose llama 15 afftxsd to the
<br />adtttowkdBad the said Insttumeat to be ~r voluntary act and deed.
<br />Wt[TNE?S.4 my hand and Notarial Seal th+. date aforesaid.
<br />My Caramissian expitas ``
<br />t~r.att at s.f . / Y r f ~ ~' 4
<br />and She
<br />~~
<br />/. `-''~
<br />~£ t: nl t::3Tn€iY .Slate ai Rect.
<br />JAtFi%S W.:1LSUtd
<br />Aty c:a,^.~~n. E+y :'Jcv. IZ 1;74
<br />
|