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<br />79- ~;tt3232
<br />
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23435
<br />KNOW ALL MEN BY THESE PRESENTS: Titat Russel 1 YJ. 0' Nei 11 and Josephine L. 0' Nei 11, each in hi s
<br />and her own right and Michael J. O'Neill and June M. 0lNeill> each in his and her own right,
<br />d/b/a/ O'Neill Construction Collglany
<br />Mortgagor, whether one ar more, lit consideration of the sum of
<br />Twenty Twa Thousand and Plo/100----------------------------------------------------DOLLARS
<br />loaned to said mortgagor by 7"he Equitable Building and Laan Association of Grand Island, Nebraska, Mortgagee, upon 220 shares of stock of
<br />said ASSOCIATION. Certificate No. L 23435 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />deserSbed rea! estate, situated in Hail County, Nebraska:
<br />Lot Eight (8) in O'Neill Second Subdivision,
<br />City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereditarnents and appurtenances thettantn belonging, including attached floor rnverings, all window screens,
<br />window shares, blinds, storm windows, awnings. heating, air canditianing,and plumbing and water equipment and accessories thereto, pumps,stoves,
<br />refrigerators, and other fixtures and equipttrent now or hereafter attached to or used in connection with said neat estate.
<br />Aad whereas ilx said rnortgagvr bas agreed and does hereby agree that the mortgagor shall and wilt pay a1I taxes and assessments levied ar
<br />assessed upon said premises and upon the mortgage and the bond secured thereby befare the same shall become delinquent; to ftunish approved
<br />insurance upon the bu@dirtgs an said premises situated in the sum of S 22, QOQ, DO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit ar permit any waste on or about said premises;
<br />!n case of defauh in the perfurrnance of any of the terms and conditions of this mortgage or the bond sectued hereby, the rttortgagee shall,
<br />on demand, be entitled to immediate passtssior. of the mortgaged premises and the mortgagor hereby assigns, uansfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the morigags indebtedness shall remain
<br />uttp¢id; and the mortgagee shad have the power to appoint any agent ar agents it may desire foe the purpose of repairing said premises and renting
<br />the same and collecting the ttnu, revenues and income, and it may pay out of said atcnme all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managieg the same and of rnllzcting rentals thettfrom; the balance remaining, if any, to be
<br />applied toward the ;lixharge of said mortgage indebtedness; ihsse rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporan• waiver of the same.
<br />These Presents, however, are upon the Cor+.ditian, That if the said Mortgagor shat repay said loan on or before the matw:ty of said charts by
<br />payment; pay monthly to said ASSOCIATION of the sum. specified in the Bond secured hereby as interest and principal on said Loan, on or 6eforc
<br />the Twentieth day of each and every month, unLii said loan is ftr~y paid; pay all taxes and assessments reeled again-st said premius and on this Mortgage
<br />and the Band secured thereby, before delinquency; furnish approver insurance upon the buildings thereon in the sum of 522, OOO. ~~ payable
<br />to said ASSOCL4TION; repay to said ASSOCIATION upon demand all tnottev by it paid for such taxes, assessments and htsuranee with interest at
<br />the maximtun legat rate thereon from date of payment alt of which Mortgagor hereby egrets to pay ;permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for 3 22 , 000 00 this day given b}' the said Mortgagor to said ASSOCIATION, and campiy
<br />with all Lice rtquiterttsnts of the Constitution and S}'-Laws of said ASSOCIATION; then these presents shall becotce null and voM, otherwise they
<br />shall rettnut in ftrlt force and may be fortcJottd at the option of the said ASSOCIATION afttr failure for three months to make any of said
<br />paytrxnts or be ih:ee nwnths in arrears in making said tmnthiy payments, or to kelp and tromph` wish the agreements and conditions of said Bond;
<br />and Mortgagor egrets to have a receiser appointed forthwith in such foreclosure proceedings.
<br />if then is any rhaitge in ownership of the rest estate mortgaged herein, by sale ar otherwise, then the entire remaining irrdebtednsss hersby
<br />sewed rtuB, at tine optics of The 6quitabk Building and Loan Association of Grand Island, Nebraska, 6ttome immediately due and pyabk without
<br />ftnther notice, and the amount ttmainntg due urtdtr said band, and an}- other bored for any additional advantts made thereunder, shall, from the
<br />duc of cas:~t of raid aptiar,,',xar intcrtst at the ;,axitaum tcgal rats, and this mortgage t=.ay then be fottctossd to satisfy the amount due nn acid
<br />bottd,at~ any other bond for additiana! advances, together with all sums paid by said The Equitable But7ding and Loan Association of Grand Island,
<br />'+ebsaska fffi inat:rar~, razes and asse~mtts, and abstracting exiuisian r:harges, with interest thereon, from date of payrrcent at the maximum
<br />legal rate.
<br />As provitkd in the Bored secured hereby, whr7z this mortgage remains in affect the mortgages tray hereatter advena additional sutm to the
<br />stainers of said Bond, their assigns or saictrssara in interest, which starts shall be within ifx sepuity of this mortgage the same as the funds originally
<br />stewed thettlty, zhe Weal amotutt of principal debt net to exceed at any time fhc original amount of this tttortgagt.
<br />Iikitd this 25th day of May A. D..1'~79
<br />-~~ ~~L "~
<br />se l 1 Mi el J. 0' 1 ,
<br />os ~ e M. 'Nee
<br />~~ S9~A7'£ ~ N~~~" ~ _ss. - On this day-of 19 ,before me,
<br />COCINTY Of IiAI3.
<br />Russell t~. 4`#leill- end- Josephine L. O'Neill, eac ~n fees°rer~oar~~an'~'t~Nlfct~~'t`=
<br />~RHeil1 ~d June Mf. Q'Nei:ll, each in his and-.her olm right, d/b/~w-to are permrwllyknowmto
<br />~mei ~a~Cthe ideet~piem~3~~~ ~ 5 a~> ai~ntsd W the above iaatauutont a: coo r s ana they severally
<br />the soul[ ~atrtitttent to be their ~~~' act and eked.
<br />YCifNESS ipy-bawd and Nota3iai Sett iLe date aforesaid.
<br />My c
<br />- ~ susielf °tcfiTitii =;±isro m7ehfat5a-' -
<br />,to~ M. BEAZtIir
<br />e-t-SMt lU icy C~nm. £ap. ;ep2, 3, IB31
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