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79--~i~ 4742
<br />MORTGAGE
<br />a:<altTf:AGE LOAN No. i_ 23486
<br />t4iow ALL MEN SY TIIFSE PxFSENTS: 11tat particle E. Dugan and Lela M. Dugan, each in his and her
<br />own right and as spouse of each other
<br />Mortgtgor, whetbsr sae m more, in oaatffideration of the mm of
<br />Thirty Two Thousand Four Hundred and NO/100-----------------------------------------~tt•~
<br />batted to said trartf~gur by The Equitable Btn1d"utg and Loan Assodation of Grand {shad, Nebraals, Morlpp~goe, upon 324 shares of stock of
<br />said ASSOCIATION, Certiftnte No. L 2 4q 6 , ao hereby grant, convey and roortga~ unto the raid ASSOCIATION the foBasivtg
<br />tksaiixd real stars, situated N FiaU County, ~e5radca:
<br />Fractional Lot One (1) in Fractienai Block Two {2) in Ashton Place,
<br />and its complement, to-wit: All of Fractional Block 28 in Baker's
<br />addition, both being additions to the city of Grand island, Hall County,
<br />Nebraska.
<br />tegsihsr v.;th aB the tenenxrtu, hersditaments sad appurtenances thereunto belonging, inc}udirtg attached floor wveriogs, aB window screens,
<br />window shades, blinds, storm windows, awnings, heating, au wnditionirtg, and plumbing and water equipment and acceaories Yhercto,pumps,stoves,
<br />refrigerators, and other futures and equipment now or hereafter attached to or used 0t wnnee[ion wilt said real estate.
<br />And whstvafs the said mortgagor has agreed and does hereby agree that the mortgagor shall and wr?I psy aB taxes and assessments kvled er
<br />assessed upon said preroisss and upon this mortgage and the bond secured thereby before the same shag biome delinquent; to furnish approved
<br />insverance upon the btradings an said premises situaudin the sum of S ~2 4D DD payable t° said ASSOCIATION and [o deliver is said
<br />ASSOCIATION Uts policies for said insurance; and not to commit or perrm airy waste on or about said premises;
<br />la cave of default in the perfornnnce of any of the tenor and conditions of this mortgage u; the hood s,..:rsd lxreby, tt>< r~.~ shag,
<br />on dermnd, 6e entitled to immediate possession of the mortgag<d pretnivES and the mortgagor hereby assigns, traavters ffi secs aver to rite
<br />~rtg aIl t~ tzars, re~uue°, and income to be deriamd from the mcrtgaged premises dttring sttch time as the mortgtrge inRebtedlsaS rttaII rnmin
<br />unpaid; and the rrarigagce shall have the power to appoint any agenT or agents it rtny desire for the pmpcsae of repairing said prem®es and renting
<br />tl~ rime and w@edirtg the rents, revenues and income, and it may pay out of said inwrrts all expenses of repairing aid premises acrd neceaxry
<br />~ar+s and exasr~es incurred b renting and mana,.hm the aarrsz aryl o£ coBectieg ratiafs tlrrrcfrom; ~ srJanx r_~iag,ff :sty, fa br
<br />applied toward the discharge of said mortgage indebtedres; tYxsc rights of the mortgagee may be exerased at any tit>g during tbe axisteace of stxh
<br />dsfatdT; :.*=•~~lvs of any temporary waiver of ttts sza~.
<br />These Presents, however, are ttpon the Condition, That if lx said Mortgagor sha'I repay said loan on or before the matttritY of said shares by
<br />-, vyt.rv :t; ~Y : „ :th3y to °.,aEd A.S;(,,.,AT:`J`S of t-ts srro s,~c;fa.-` vt i>ra Band s~au~d S~rt;by as iut,:e~t and prsv~pai on axi loan, on or oaforc
<br />tI~ Twentieth day of eacF: and every month, until said ban k fully paid; pay all taxes and asrss~nts levied a~ ~ p*er~aes as~ou •~' Mtxt~
<br />and the Bond seutred thereby, before delinquency; famish approved :aa..a..~ upoo the buildings thereon in the sum of S ~2 4DD ~ payable
<br />[o said ASSOCIATION; repay to saM ASSOCIA13ON upon demand aD money by it pad far such taxes, assemnents ate tnatt>'•ance ivr~ interest at
<br />the maximum legal rate thsrean from date of payment aB of which Mortgagor hereby agrees to pay; permit no waste ov aid premises;keep acrd comply
<br />with aB the agreements and conditions of the Bond for f 32 4 D~(~(~ this day given by the said Mort~gor to aid ASSOCIATION, ate comply
<br />with a6 the requirements of the Conaltution and By-Laws of ~ AS~dClATION; then ttxse presents shah income nuB and wid, otiterwic they
<br />shah remain in (u!1 force and rrtay be t'ore;.lasad at tits opfson of the sad ASSOCIATION after teams far three months to make say of saw
<br />payments or be three months in urears in ttuking sad mtmthty payments, or to keep amt ntmpty tvsth the agrcements sad conditions of said Barad;
<br />utd Mortgagor agrees to ttasre a receiver appointed forthwith in such forr.a,,.+... prortedings.
<br />If there a any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />sd:uret! ~tsil, at the optbn of The Equitable Btrihiirtg and Loan Asaociatian of Grand Island,Nebraska,become mtmediatelY dtte and payable without
<br />fur4'1er notice, and the amount rctrtautirtg due tinder aid bond, and any other boor! for any additiorte4 advantxs made thereunder, shall, from the
<br />date of euecise of aid option, ben interest at the maxirntun kgsl rate, acrd tttia mortgage may then be foreclosed to atitfy rho amount due on said
<br />bord,and any other bond for additional advances, tts~tl,er with aB errors paid by aid The Equitable Budding and Loan Aaaociation of Grand Islattd,
<br />Nebraska for insurance, taxes and assessments. and abslrading extension charges, with interest thereon, from derv of payment at the tmximum
<br />kgat rate.
<br />As provided in the Bond xcured hereby, wfule this mortgage remains m et7ect the mortgagee rttay twreafiar ad'aw additiae~t s•••+•• to *he
<br />~kets of said Bond, thou assigns or attccessora in interest. which rums shall be within the security of this tttartgags the same as the fords origimBy
<br />aetxtted thereby, tbe total amount of principal &bt cwt to exceed at any Ume the original amount of this mortgage.
<br />~__ Oateatltia 24th day Of July A. o.,lv 79
<br />Lean ~~`~
<br />--STATE OF b5@BStA.1'gtl, s $. On ~ 24th day of J U 1 y i~ 79 , Ixf°ta -~,
<br />.. ~~0t7N".~'Y OF HAIL
<br />the rmdetaigrted, a Notary Public in attd far said Cotmty, personally nine
<br />Patrick E. Dugan and Lela M. Dugan, each in his and her own right anw~s a~euse o~f~ed~ hc~ont~er
<br />m,: to be the idetttint persanS whoa ttama5 are affixed to the strove instrument u mortgagor s and they sesersity
<br />aoktwwledgut the acid i°strutttestt to 6e th@1 r , ad rand deed. ~-_~ t
<br />irT113FaS my land am Noiaria! Sea) the date doreraid. ~.- ~ ~/
<br />MY Covuntsston exprrea ~ /`pe~~G'-z? ~/~/!: !(i . ~y--~
<br />Natray Publk s
<br />uta.aatat -Ca-~a/ ~ y, ~~'~r,~Hr_p'~ •,--.._:.r Sczreofticdr.
<br />JAMES :Y. ui.SOtf
<br />ley Comm. Esp. Nur. i2. 1379
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