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~9°~' uU3633
<br />MOkTGAGE
<br />MORTC.AGELOANNO. L Z3¢ZZMGIC
<br />ICNOWALLMENBYTHESEPRESENTS:That Timtathy J. Bourke, a single person
<br />Mortgagor, whether one or court, in consideration of the sum of
<br />Twenty One Thousand and No1100-----------------------------------------------------DOLLARS
<br />loaned to said mortgagor by The Equiuhle BuildLig and Loan Association of Grand island, Nebraska, Mortgagee, upon Z 1D shares of sto,-lt of
<br />said ASSOCIATION, Certificate No. L Z34ZZ MGIC , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described rea! estate, situated in Hall County, Nebraska:
<br />NORTHERLY FORTY-TWO (N¢Z) FEET OF LOT FIVE (5),
<br />IN BLOCK EIGHTEEN (18) OF H. G. CLARK'S ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together nth all the tenements, hereditasnents and appurtenances thereunto belan¢ing, including attached floor coverings, all window xrcens,
<br />window skudts, blinds, storm vindows, aw•nines, heating, air conditioning, and plumbing and wafer equipment and acerssories thereto, ptunps, stoves,
<br />refrigerators. and other fixttues and tyuiptrtent new ar hereafter attached to ar used in rnnnection with said real estate.
<br />Aad whereas the sasd mortgagee has agreed and does hereby agree that the mortgagor shall and will gay all axes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the hand secured thereby before the same shall become delinquent; to famish approved
<br />iraaz:snre upon the buildings on said premises situated to the sum a! S Z 1 ,~()~. DO payable to said ASSQCIATION and to deliver to said
<br />ASSOCIATION ihr policies for said insurance; and not to rnmmit or permit any waste on or about said pretrtisrs:
<br />In rase of default b the perfortnance of any of the terms and conditions of this mortgage or [he bond secured hereby, the mortgagee shall,
<br />as demand, br entitkd to immtdiate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over ~,. the
<br />mvrtgalgce ail the rents, reventres and inrnmr to br derived tram the mortgaged premises during such time as the mortgage indebtedness shall .'main
<br />unpaid; and the rttartgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and coUetting the rents, revrcntus and income, and it rna}' pay out of said income all expenses of repairing said premises and necessary
<br />camsissaons sod expenses incurred ni renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied taw•ard the discharge of said ttxrrtgagt indebtedness: these rights of the mortgagee cony be exercised at any time during the existence of such
<br />default, irres, ertivr of any tempawr< waiver of the sarrte.
<br />Tluse Prestr:ts, however, are upon the Conditiaa, That iC the said ~lortgagar shall repay said ban on or brfor~ the mattuity oC said shares by
<br />pay:nrat: pay meathl)' to sard 4550C1AT10'y of the sw-t specified in the Band secured hereby as inirrest and principal on said loan, on or before
<br />ttx 'fwsatuth.~.ay of each and even month. ur,=.il sod 3~an. is fully paid; pry a!i taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before dehnquenc) . funush app:ared insunnre upon the buildings thereon in the stun of 5 Z i ,DDD, DD payable
<br />so said A S50C'JATI04: repo) '.• said ASSOC1AT10\ upon demand all marxy by it paid for such taxes. assessments and insurance with interest at
<br />the tttizirrur~ lzgal rte thereon frurn da.. ` ~yttrf,--,. all c,f wrirh Ma-tgas.t hcr.by agre:s to pay: ~rmit :to waste c^, said prtntises; kcep and comply
<br />with all the ag,~-.,ants and xndiuanx of the $ond for 5 Ll ,~~. ~ rhea day g;ren b. the said Mortgagor to said ASSOCIATION, and comply
<br />with all the rtqueeetnents of the Carsutu[><in and B)-Laws of said ,~~SOCIATiO`v: then these presents shall become null and void, otherwise they
<br />shall retrain in fnU force and rna)~ be forrchn:d at the option of the said ASSOC1AT10'~ after fadure for three months to make any of said
<br />payrt+ttus ar be there mortis in arears m making said monthly payments, or to krrp and comply with the agreements and conditions of mid Bond;
<br />and Mortgagor agrees to havrc a recrirer appointed forthwith in s.rcb forrclasurr proceedings.
<br />if three ii any change in ownership a! the real estate mortgaged herein, by sale ar otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of Tht Egniuhk BuUding and Loan Association of Grand Island, Nebraska,betxrme imt[tediately dtu and payabk without
<br />fttritrer mvtice, and the amount utnaining due tmdea said band, and any other bond for any additional advxnixs made thcteunder, shall, from the
<br />dste of txerc~ of sad option, bear birrts*. at the maximum kgal rate, and this mortgage may then br foreclosed to satisfy the amotmt due on said
<br />bid, and nay other bond for additional advances, together with all sutra paid by sod The Egtdtablt BuHding and Laan Association of Grand Island,
<br />ItkLraska far ittstuanre, taxis and assess:--ants, and abstnrting enrnsion charges, with intrrrsi thereon, from date of payment at the maximum
<br />kgai rate.
<br />As avidcd m the Band strturd 6ercby, while this mwtgagr remains in effect the mortgagee may hereafter advana additional sums to the
<br />crafters of Bad Band, their assigns or stu.^rssars in interest, which Burns shall be within tlu security of this mortgage the same as the funds originally
<br />seeatrs'd tfiesrbV, the tool amotmt of principal debt not to exceed at any time the original amount of this mortgage.
<br />I>4tsa tf~ 17th nay of May .~. D.,19 79
<br />ialothy .Bourke
<br />S'i'A'I'~ OF i+tEBItASKA,
<br />C(ylIP7fY OF }IAt.L ~
<br />Oa thin 17th day of Any
<br />19 79 ,before me,
<br />Ti~othy 3. #3ourke, a single person
<br />tao-ur !se the itl:nticattt person ., ~$` ~,`'`<,'~
<br />adtnowd'tttesmirlieV.rt~enixobcz~'~te`, -" ` ;^*~;
<br />>at7'f'NESS toy bared s~ 2taa3aana19g$ ziddateif
<br />My Camtnissiwr expt~iptr,~- 7-'
<br />.x ~..
<br />;r
<br />st•satto _ _..
<br />_.tt tI~I .`. ~t' .._
<br />tle t:ndrtsigned, a Notary Public in and for said County, personally came
<br />Public
<br />who j $ persanaliy known to
<br />to the above instrument u mortgagor and he sKvyX
<br />1 dead. J,~~~ /~ ~ ~ ~ ~ ,~j
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