|
79-.r. ~' ti`i
<br />MCtRTCAGE _
<br />MORTGAGE LOANNO~_~-L Z3,!~6~ ~~'
<br />iCtdowALLMEiNBVTtIFSerizFSEh"IS=That Vernon Larson and Karlene Larson, each in his and
<br />her own right, and as spouse of each other
<br />_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ Mortgagor, whether one or more, in consideration of the sum of
<br />Fifteen Thousand and No/180-- ___________________________ ~~~
<br />loaned to said mortgagor by The Equitable Building and I.tran Association of Crand island, Nebraska, Mortgagee, upon ~ 50 shares of stock of
<br />said ASSOCIATION, Certificate No. L 23,569 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foIIowtrtg
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT SEVEN (7} IN BLOCK FOUR (4} IN THE
<br />ORIGINAL TOWN, NOW CITY, OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />~;', together with a0 [he tenements, hereditaments and appurtenances thereunto belonging, including attached floor twverings, cell window scrxns,
<br />'~ window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps,stoves,
<br />refrigerators, and other fixtures and equipment now ar hereafter attached to ar used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that Cite rnwtgagor shall and will pay cell taxes and assessmrnts levied of
<br />+i assessed upon said premises and upon this mortgage and the bond sewzed [hereby before the same shall become delinquent; to furnish approved
<br />~~ ~i insurance upon the buildings on said premises sititated-in the sum o: $ l 5 ~ QDD, 00 payable to said ASSOCIATION and to deliver to said
<br />',ASSOCIATION the policies for said insurance; and oat to corttmit or penzut any waste on or about said premises;
<br />In rise of default in the performance of any of the arms and conditions of this mortgage or [he bond secured hereby, ttte mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers sad sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such tune as the mortgage indebtedness shall restrain
<br />unpaid; and €hc mortgagee shaft have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and txrlkctirtg the rents, revenues and income, and it may pay out of said inrnme all expenses of repairing said premises and necesvry
<br />commiaions and expenses incurred in renting and managing the same and of collecting rentals therefrom; [he balance remaining, if any, [o be
<br />applied toward the discharge of said mortgage indebtedness: these rights of the mortgagee tnay be exercised at say tune during the existence of such
<br />default, inespecxive of any €emporary waiver of the same.
<br />Thcsr Presents, .`,uwcvxr, are upirn the Condizioa, That if the stud Mortgagor shall repay said loan on or before the maturity of said shahs by
<br />+,payrrteni; pay monthly to said ASSOCIATION of the sum specified in the Bund secured hereby as interest and principal on said loan, on of before
<br />Ithe Twtntieth day of each and every month, until said loan is fully paid; pay cell taxes and assessments levied against said pretttists and an this Mortgage
<br />and the Band soured thereby, before deiint}uency; furnish approved in~irncs open the buildings thereon in the sum of S l ~-,QOO, (j0 payable
<br />to said ;,SSO~^IAT=ON; repay to mid ASSOCIATION upon derraad aft t:mtnev by it paid fa[ such texas, assessments sod ;nsitrsntx with interest at
<br />~'ithe maximum legal rate thereon from daft of payment all of which Mortgagor Fitreby agrees [u pay; permit no wash onsaid premi-ses;ketp ar~±! earttply
<br />~'~witb altthe agreements and conditions of the Bond for S l 5 ,OOD, OQ.his day given by the said Mortgagor to sairt ASSOCIATION, atul y
<br />with sll the regt::rcrrtenis of the Constitution and By-taws of said ASSOCIATIONi; then these presents shall becotrte null and void, otherwix they
<br />shall remain in foil force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, or to kelp and comply with the agreements and rnnditions of said Bond;
<br />and Mortgagor agrees is have a receiver appointed forthwith in such fnrecMsurr proceedings.
<br />ff there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire mrttaining indebtednest hereby
<br />secured snail, at the option of The Iiyuitable Building and Loan Association of Crand Island, Nebraska, berwme immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advantxs made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage rosy then be foreclosed to satisfy the amount due on said
<br />bund,and any other bond for additional advances, together with all sums paid by said Tha Equitable Building and Loan Aasotiation of Crand Island,
<br />Nebraska far insurance, taxes and assessments, and abstracting extertsian charges, with interest thereon, from date of paytntnt a[ the utaximum
<br />legal ra [t.
<br />As provided in the Banta secured hereby, while this mortgage renuins in effect the mortgagee may hereafter advance additional sums to the
<br />irtalcers of said Bond, their assigns or successors in interest, which sums Butt be within flee security of this rttortgage the same as the fiords originally
<br />secu -thereby, the total auto t of principal debt not to extarrd at any time the original antouni of this ttwngsge.
<br />Iht,d ttua 2nd ~ nay of Qctober A. a,1979
<br />_ fr,,
<br />erno arses
<br />Karlene .. Larson
<br />STATt: OF_NEBRA.CKA,
<br />COUNTY OF HALL ~ Ort `Ito 2nd day of October 1979 , before me,
<br />the undersigned, a Notary Public in and for said County, perurnatly Lyme
<br />Vernon Larson and Karlene Larson, each in his and her awn ri ht, and as spouse of
<br />each other ~'t1O are personally )mown to
<br />rxb to be the identigl perronS whose name S are affixed to the above irtsttuirten( as rrwngsgor S and they seytnlly
<br />atitrtawkdged the said instrument to be their voluntary act anct deed. If
<br />WTPNESS my hand and NotarisI Seat the dart aforesaid. '\ t ~'~ i
<br />My Commission experts ~ ~ b ~ ~
<br />~ - i Y _ 7~ ____
<br />t ~________ Notary Pubh'c
<br />Ia7tFEM a! 6 c'i s R.St NO i G ~ Y ~ ti • i.'c nl fie0r.
<br />.1.AM11c5 t':. 0~',JN
<br />- Atyforrm. Exp. Nov, 2?, 1979
<br />
|