|
<br />1aoRTCACI:
<br />- __~-~-- -~~ trtoRTGAt=t:I.OANNO. L23554 Subiect
<br />IovoIRALLMENSrTxESErRI:sENTS:chat Ivan G. Daugherty and Vivian B. Daugherty, each°i~r#h~s9,435
<br />and her own right, and as spouse of each other
<br />-- Mortgagor, whethtr one or more, in consideration of the ;amt of
<br />Thi>•$y-six Thousand and Nol100-------------_------ _ --------------_---_-___-____ ooLLARs
<br />loaned to said mortgagor by The Equitab'~ Building and Loran Asso,^iation of grand Island, Nebraska, Mortgagee, upon 360 shuts of stock of
<br />said ASSOCIATION, Certificate No. L 2355[} , do hereby grant, convey and mortgage unto the sand ASSOC}AT10N the folMwattg
<br />dtscrihed real estate, situated vt tfalt County, Nebraska:
<br />LOT ONE (1), BLOCK TWO (2), CAPITAL HEIGHTS
<br />SUBDIVISION BEING A PART OF THE SOUTHEAST QUARTER
<br />OF THE SOUTHWEST QUARTER (SE;SW;) OF SECTION TWO
<br />(2), TOWNSHIP ELEVEN (il) NORTH, RANGE TEN (10)
<br />WEST OF THE SIXTH (6TH) P.M.
<br />together with all the tenerrtcnts, hereditaments and appurtenances thereunto belonging, includueg attached floor coverings, all window screens,
<br />wintiow shades, blinds, starm windows, awnings, heatinG, air rnnditioning, and plumbing and water equiptrrnt and accessories thert[o, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to ar used in wnnectton with said real estate.
<br />Md whereas the said mortgagor has agreed and does hereby agree that the nwrtgagor shall and will pay all [axes and assessaents levied or
<br />asxssed upon said premises and upon [his mortgage and thr bend secured thereby before the same shat! become delinquent; to furnish approved
<br />insurance upon the huildirtgs on said premises sitttatedin the sum of 3 36, DOU. OD 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 premises;
<br />!n case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shalt,
<br />oa demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />trtortgagr~e a!1 the rents, revenues and intame to be derived from [he mortgaged premises during such time as the ttwrtgage indtbttdness shall rctttain
<br />unpaid; and the rnortgagec shalt ttavc the power to appoint any agent or agents it may desire for the purpose of repairing said premises and reatittg
<br />the same and collecting the rents, revenues and income, and it rosy pay out of said income all expenses of repairing said prcmixs and nett~uy
<br />cottunissinns and cxpen~s incurred in renting and nnnaging the satne and of collecting rentals therefrom; the balanrx rctnainitrg, if any, [o be
<br />applied toward the discharge of said ttaxigage endebtedneu; these rights of the mortgagce may be exercised at any tint! dating the existenet of sorb
<br />default, irrespeetive of any temporary waisrr of iht santt.
<br />Tfrest i rzscros, howcvtr, art upon iht 'ursdition, That if the said Mortgagor shalS repay said loan an or before tht maturity of said shares by
<br />payment; pay monthly to said AS.SO('IATlON of the sum specified in [he Stmd secured htreby as interest and principal on said lean, ort or irefurc
<br />tlve Twentieth day of each and every ntonih, until said loan u fully paid; pay all taxes and assessments levied agaiast said prcmi~s aaMi on this Mortm~
<br />and the Bond secured theaehy, before delingextnr'y; famish approved insusanrx upon the huikiings rhtreo ; in the rim of S 36 , D00. DO payable
<br />i. sad gi=en._lr;Tli?=1; r:'p=y ta; se:u ;.SSA. ;A T FO N u~a:: 3t:r~and a31 monzy by ii paid for such taxis, assessments and in_~urauee with intertst at
<br />Cite maximum legal rate ttwrcan from date of paytr~nt all oC which Moxt¢agur htreby serees to pay: otrmit !ra wait ~~ n{d pretr~• kxp =Y..•+•;~
<br />with all the ngreemenls and usnditions of the Suttd for $ 36,DDD, Ot~~ day ~vva by t~ Mcxtg~a*cr.= to said .A-~s'4`f3CdA;;t.31+1, and rr:
<br />withh ail the ttquiremeris of the Constitutiart and Sy-Laws of said ASSOC[A17ON; then rhtsc presents shall become null and void, othetwi~ they
<br />shall retilain in full force and may tx forecbsed at the aption of the said ASSOCIATION after failwe for three months w ntakt any of said
<br />payments or be three months in arrears m making said monthly paytmnts, or to keep and wmply wish the agrtemenis and conditions of said Bond;
<br />and Mortgagor agrees to have a re.;eiver appointed forthwith in such tareck srtre proceedings.
<br />if [Isere is arty change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire retraining ittdebtedttets hereby
<br />soured shall, at the option of The L-quitable Building and t.oan Asstxiatian of Grated Isitnd, Nebraska,becorne immediately dot sled payable without
<br />ftuther mttice, and the amount remaining dve under said bored, and any other bond for any additional advances made thtrcunder, dta6, fry the
<br />date of exercise a(said optian, bear interest at the maximwn ltgai rate, artd this mortgage may then be forct3astd to satisfy the amount due on slid
<br />lxutd, and any other bond far additiwtaE advances, together with al} aorta pyjd by ,~ 7'tte tigttitahk Btrildirtg and Loan Aaoeiatiaa of Grand Island,
<br />Nebraska for insurance, taxis and assessrrtenls, and abstracting extension :hargts, with interest thereon, from date of paytmnt at Lht mattimum
<br />legal raft.
<br />As ptovjdtd in the Sand recured htreby, while the mortgage remains in et7tct the mortgagee may hereafter advanix additional stttm to the
<br />rttakrn of said &rnd, their assigns or strccessrus in interest, which aunts shalt be within the security of this mortgage the same ss the funds ori~itudly
<br />txcurcrl 4lrrcby, iht total artxtttnt of prmcipat dent nirt to excs ed at any titrtt the anginal amount of ehis mortgage"
<br />vattd tni,: 2i st day ar September A. [>., tv 79
<br />-~ ~`~t
<br />-Ivan r, Dau9-"=°rty =
<br />Vivian 6. Daugherty -y f
<br />STATE OF NEBRASKA' ~ ~- Utt ibis 21st say of September 19 79 , before tee,
<br />COUNiY o~ HALL
<br />the undersigned, a Notary f'ttblic jn and for said County, persnrtaRy tame
<br />Ivan G. Daugherty and Vivian B. Daugherty, each in his and her ownw~ght, andpenatry~wento
<br />of each other are
<br />ter to bt fix idtntital persons whose Helots dre affixed to the abo tr t as mortgagor S and ,.~}Ep~y severalty
<br />a~tnowkdged the said instrument !o bt their voluntary art and deed.
<br />1yfTtdNSS my hand and Notarial Stai the date aforesaid. / ~
<br />My Commission expires ~ ~ ~ / / f `
<br />Notary Publs
<br />tiFZn-3°° rat Gh;NENAL NQTARY -state of Nebr.
<br />JAM1AES SY. GISON
<br />t My Camni• ExP. P{uv. !'%. l979
<br />
|