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<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23, 4fi2
<br />!CNOWALLMENBYTHESEPRESENTS:That Timothy L. Dunn and Kelly M. Dunn, each in his and her
<br />own right and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty Nine Thousand and No/100___________________________________________________ ISOLLARS
<br />lwted to said morlgagor by The Equitable $uitding and Loan Association of Grand Island, Nebraska, mortgagee, upon 390 shares of stock of
<br />said ASSOCIATION, Certificate No. L 23,462 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />dascr-shed teat estatz, situated in Hall County, Nebraska:
<br />LOT THREE (3) PARKVIEW SECOND SUBDIVISION, IN THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereun[o 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 factures and equipment now or hereof*er attached to or used in connection with said rzal estate.
<br />And whereas the said moagagor 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 shalt become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 5 39 ,DDD. DD payable to said ASSOCIATION and to delirer to said
<br />ASSOCIATION the pofiaes for said insurance; and not to commit or permit any waste on or about said przmises;
<br />In case of default in the perl'ortnance of any of rite terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />tiwrtgagee all the rents, revenues and income to be derived from the mortgaged pre,~tises during such time as the mortgage indebtedness shag remain
<br />unpaid; and the mortgagee shall have the power to appoin[ any agent ar agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />cotnmissians and expenses incurrod in renting and managing the same and of rnllecting rentals therefrom; the balance remaining, if any, to be
<br />appiie3 toward the discharge of said mortgage indebtedness; these rights of thz mortgagee may be exercised at any time during the existence of such
<br />default, irrtc,sective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment: pay monthly to said ASSOCIATION of tfie sum specified in the Bond secured hereby as interest ono principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premists and on this Mortgage
<br />sad the Bond secured thereby, before delinquency; furnish approved insurance upor, the buildings thereon in the sum of S 39 , DDD. DO payable
<br />to saxi ASSOCIATION; repay to said ASSOCIATION upon demand alt money by it paid for such taxes, assessments and inswance with interest at
<br />the maximum legal rste xhereon fcom dare of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreernenes and conditions of the Band far 5 39 000.00 this day given by the said Mortgagor to said AS50C1ATION, and comply
<br />mth all the requirements of the Constitution and By-Laws oi'said ASSOCIATION; then these presents shalt be•~r+-,e null and void, otherwise they
<br />shall remain in full farce and may be foreclosed at the option of the said ASSOCIATION after failure ror three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, or [o 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 hzrein, by sa}e or otherwise, then the entire remaining indebtednea hereby
<br />secured shag, at the option of The Equitable Building sad Loan Association of Grand 1sland,Nebraska,hecome immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond fo: any additional advances made thereunder, shag, 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 />band,and any other bond for addi_~onal advances, together with, all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for instuance, taxis and assessments, and abstracting extension chazges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Band secured hereby. while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, thew assigns or successors in interest, which sums shall be within the security of this mortgage the same a; the funds originally
<br />wasted tireseby, [he total amount of principal debt nai to exceed a[ any time she original amovm of this mortgage.
<br />.nand iltia 29th. day of June A. D.. 19 79
<br />~.~ ~ ~h,
<br />Ke1;q Qunn
<br />STATE OF NEBRASKA, ~ {y„ this 29th. day of June 19 79 ,before me,
<br />CfiilN'!'Y OF }I.4LI.
<br />_ the undersigned, a Notary Public in and for said County, personally ante
<br />Ti~othy L. Ounn and K nn,
<br />each in his and her ~ ~i as spouse of each other was are personally known to
<br />«r to be the identical pe ZP; ~' ~ ~` affixed to the above instrument as mortgagor S and they severalty
<br />u3uwwkagad ttx said ' ~'' ~trdbe th~tE h '~°'' Ittr[tary act and decd.
<br />N RY . ;
<br />my~rajglpl ~f` daft aforesaid. /
<br />My Co ~ exp~bi° ° •~.y~ ~~fJ
<br />twr•aa[ at `1,~..., _t?. c'~' . ar°ry pUbll_
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