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<br />MORTGAGE
<br />- -~ -^-~-^ _ ---- MORTGAGELf}ANNO. L 235n5 --~-
<br />1QJOWALLMSNBVTItF•sEpRESENTS:Thar Monte J. Malone and Tami V. Malone, each in his and
<br />her own right and as spouse of each other,
<br />--Mortgagor, whether oru or mare, in consideratitm of t1g sum of
<br />Twenty_Seven Thousand Two Hundred and No/100--- --------------------------lxytt•rts
<br />loaned to said rrxsrtgagor by The ['equitable $udding and [,teen Association of Grand Islattd, Nebraska, Mortgagee, upon 272 attares of stcicg of
<br />said ASSOCIATION, Certifipte No. L 23555 , do hereby grant, convey and mortgage unto the said ASSOCIATION the folloveing
<br />described real estate, situated in Halt County, Nebraska:
<br />LOT FIVE (5), aLOCK SEVEN (7), CLAUSSEN
<br />COUNTRY VIEW ADDITION, AN ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the. tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, off window screens,
<br />window shades, blinds, storm windows, awnings, hea[ing,ais conditioning,andplumbing and wateregtriptnentand accessories thereto,prmgrs,stoves,
<br />refrigerators, and other fixtures and eyuipment now or hereafter attached in or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor s;ull and will pay all taxes and assessnteais levied ac
<br />assessed upon said premises and upon this mortgage ;utd the bon:l secured therebyy before the same shall becorrte delinquent; to ftrrrrish approved
<br />insurance upon the building; on said premises situatedin the sum of S 2 7 , 2DO. U~ payable to said ASSOCIATION and to deliver to raid
<br />~~ ASSOI"-IAT10iJ the policies for said insmance; and rot to commit ar permit any waste on or about said prerrtixs;
<br />In case of default in iht performance of any of the terms and conditions oC [his mortgage or the bond secured hereby, the mortgagee shalt,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assgpts, transfers attd xts over to the
<br />mortgagee all the rents, reventces and income to be derived from the mortgaged pren»ses during such time as the rortgage indebtedrxa sftall rennin
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and rmtirpt
<br />Ilx same and collecting the rests, revenues and income, and it may pay out of said income all expenses of repairing raid prerrtixs and rtecesary
<br />oammissiorts and expenses inetured in renting and managing the same and of wllecting rentals therefrom; the Ualsrtce remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any bate dnrirtg the existence of such
<br />drt'ault, irrespective oC any temporary waiver of the sarru.
<br />'These l't~san€s, ttnws=v~er, arz upon the Cnndi.iort, Tt',at if the said #fortgagor shalll repay said loan an ar bffort the maturity of said shares by
<br />payment; pay rnorthly to said ASStX'IA'I70N of the sum specified in the Bond secured hereby as interest and principal on said loan, oa or before
<br />the Twentieth day of each and every month, antis said loan is f oily paid; pay alt taxes and assessments levied against said premises aril oa this Mortgage
<br />scot the Band secured thereby, before detinqucncy; furnish approved insurance upon the buildings thereon in iht sua€ of S 2 7, 204.00 payable
<br />trt said ; '~;L,"`!A7'tft N: _~ y €e mid *.S{?CpATfON upon de,.~nd ail mn€tey fly it paid `ice such taxes, ass°ssm:=n[s ar..i tastaan~ witFt 3atcr~t at
<br />the maximum legal talc thereon from date of payment ail of which Mortgagor hereby ogres to pay; peri»it no waste on said ptemriaes;ketp acrd comply
<br />with all the agreements and cxmdilions oC the Bond for S 27 , 2D0. DOthit day given by the said 14tnrtsagur to ;aid 45SOCIATiON, seal eat~ly
<br />with all the requirements of the Constitution and BY-taws of said ASSOCIAT[ON; [hen thex ptexnis shall beatmt null and void, othtrwix they
<br />shall remain in full foccY and rtuy be forecle>xd at the option of the said ASSOCIATION alter failure tar throe months to make auy of seal
<br />payments or be [htec months in arrears in making said monthly payments, or to keep and comply with the agrcements and conditions of said Band;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreelasure proceedings.
<br />if there is any change in ownership of t}re real estate mortgaged ttereia, by sale or otherwise, then the entire remaining indebtedness hereby
<br />xgtred shall, at the option of "fete Equitable Building and Lrxan Association. of Grarnt Islartd,Nebradca,bewrne innttediately dtrc sad payable without
<br />farther notice, attd the amount rernainittg due under said bond, and any other bond for any additional advances made tharettnder, shall, frtrm ttte
<br />date oC exercise of sans option, bear interest at the maximum legal rate, and this mortgage tiny then bt Corechtxd to satiety the amount doe on said
<br />bond, and any other toad for additional advances, together with at! strrtrs pard by said The l~uitabk Btulding and loan Asaoeistion of Grand Island,
<br />Nt.e,,b'`raska for insurance, taxes and assessrtrents, and abstracting extensitm cltargr.Y, with interest thereon, from date of payment at the maxunum
<br />ry~ talc.
<br />As provided in the &ind secured hereby, while this mortgage remains at etl'eci the trrortgagce may hereafter advance additional soma to the
<br />tttakers of said Band, their assigns ar successors in interest, which sums shall be within the security at' [ttis mortgage the same as the lauds originally
<br />aecurcvt thereby, €he total arstormt of principal debt oaf !o exeetd at any time the original amount of this mortgage,
<br />nand this 21st day of September A. n.,197g
<br />-ttTa ~ opp~--~-~--
<br />~i'~ tF {1`o'f~'-
<br />sTA~oUN~ oRAS~ ~ ~. On this 21st day of September 19 79 .before cot,
<br />>-_'Mortte tl , Mill orle ah d Tami V. Ma.l one a ~ urtdersigtted, a Notary ptrblie m cad far said Cauaty, persrrealiy watt
<br />each in his and her titan right,~.;~ause of each other, who are ptranaBykaawrtta
<br />rue to be the identical persons whale ~`~'~' r,dre.,;' tit
<br />aadcrmwledged the said instrument to be t volmtatj~ xbi a~
<br />~.
<br />YdITNPSS my hand am! N Seal tliaada;6 YCare~aid.
<br />My Cnmritixsion expires ~ -s' ~+~. _`
<br />tarasat at ~`i~ = - -
<br />... - f;-
<br />the above instrument as mortgagor S and they severalty
<br />Notary Public
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