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<br />MOtt1'GAiGE
<br />uoRTCACE LOAN No. L 23.'61 MGIG
<br />KNOW ALL MEN By THESE PRES~.NTS: chat Thomas J . McAl oor, and N . Audrey McAi eon , each i n his and
<br />her own right, and as spouse of each other
<br />------------------- Mortgagor, whether one or nacre, in consideration of the sum of
<br />Sixty-two Thousand and No/1D0--- __ _ _ --------------------------- ~~~
<br />Loaned io said rtwrtgag°r by The Equitable Building and Loan Association of Crand Island, Nebraska, Mortgagee, upon 620 shares of stock of
<br />said ASSOCIATION, Certifipte No. L 23,661 MGI~da trrrcby grant, convey and mortgage unto the said ASSOCIATION flee folbwing
<br />described real estate, situated in Hall County, Nebraska:
<br />ALL OF LOT TWO (2} IN L-K SUBDIVISION, IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />together with all the ienrntenis, hereditarrrrnts and appwtenanors thereunto belonging, inchrding attached fluor covErings, all window txreens,
<br />window shades, blinds, clean windows, awnings, heaturg, air ~nditioning,and plumbing and water equipment acrd accessories thereto, pumps stoves,
<br />refrigerators, and other fixtures and equipment now ur hereafter attached to or used in connection with said real estate,
<br />And whtreas the said rtwrtgagor has agreed and does hereby agree that the mortgagor shag and will pay all tear, and assessments kvied or
<br />assessed up3n seal premises and upon this mortgage and the bond secured therebv before the same shall become delinquent: to ftrrrish approved
<br />insurance upon the buildings on said premises situated in the sum of S 62 ,DDD. DD payable to said ASSOCIATION and to deliver to said
<br />AS50("!A'FIOTd the policies for said inswancr: and nut to c~mntit or permit any waste en ur ab°ut said premises;
<br />In case of default in the performance of any of the terror and condilians of this mortgage or the bond secured hereby, [he mortgagee seta![,
<br />on demand, he emitted to ttnrrtediaie possession a€ the mortgaged premises and the mortgagor hereby assigns, transfer and sets over [o the
<br />mortgagee all the rents, reventtrs and inaorr~ io be derived from the margaged premises during such tune as the mortgageurdebtrdttess shag remain
<br />unpaid; and the rnurtgagee shall Rave the power to appoint any agent or agents ii may desire fur the pwpose of rcpairirtg said premises artd renting
<br />the same and collecting the reels, revenues and interne, and it may pay cent of said inrorne ai! expenses of repairing said premises and ntwsssary
<br />mmrsrisaions and expenses incurted in renting and managing the same and of collecting rentals Urerefrom; the bahna remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any tip doting;he axutrtut ed'such
<br />default, irrespective of any tsrnporary waiver of the same,
<br />These Presents, however, are upon the Condition, That it the said Mortgagor shah' refx,y said loan on er bsf°nt the maturity .,~ said shares by
<br />payment; pay monthly to slid ASSO('LAT10N of the sum sprcifietl in the &md secured hereby as interest and prtncipat an said loan, on or before
<br />the Twentieth day of each attd sverv month: wrtif said keen a fully paid; pay a!t taxes and a~ssments 4eriad against said p2trses a„d r.n the Lola:tgagt:
<br />and the Bond sei.wed rhercby, bef.>re detnrqursncy; fwnisfr approved insurance: upon the buiidi_o~s therein in ~t+s sum of ~ 6~ , DOD, D~ fsyabk
<br />to strid AS.S~fATION; repay Eu said ASS()('IATif?N upon demand all trmrrey by it paid far such taxes, asscssrnents and insunncr with interest ai
<br />the .m:ximxm ~~f r-»Ee tMre::n € unt ~i,te of payrreut af: o€ whi.; Mo gayrt f.zrzby av-ees to pay, ~rmit rr€ wear cent ~! prerrs;'ssep a~i fly
<br />with a#f rhr-arnsnts asd cartditiazrs ~' the kond f.,r 5 62 , DDD. DDthis day grv-en try the said fstotYa,,,agar to raid ASs'OCfATf(~tPf, and wmpty
<br />with alt the requirerttcnts of the Constitution and By-Laws of said A.SSOCIA'I'ION: then these presents shall beswme nuts and void, otlurwise they
<br />shelf retrain in Putt (rncx and rreay be fweciosed at the option of the said ASSUCtA'fIUN after failure fur three rrxrnths to make any of said
<br />payments or be three months in arrears in making said monthly ,payments, or to keep end comply with the agreements and conditions of said &md;
<br />and Mortgagw agrees to have a receiver appointed forthwith in such forecleaure proceedings.
<br />if there is any change in ownership of the real estate mortgaged heroin, by sale or otherwise, [hen the entire remaining itidebtedtuss hereby
<br />secured shelf, at the optktn of The Equitable Building and Loan Association of Crand Ixland,Nebraska, become immediately dos and payable without
<br />further notice, and the amotmt remaining due under said bond, and any other homi fur any additional advamcxs matte thtrctmder, shall, from [he
<br />date of exercise of said option, bear interest xt the maximum legal rate, and this mortgage may then. be fureclostd to satisfy the attrount due oa amid
<br />band,and any other twnd fur additional advances, together with cell sorts paid by said The t:gtutabit Building and Luan Associatsar of Crated island,
<br />Nebraska far insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date oC payment at tfie maximum
<br />legal ratz.
<br />As provided in the Bond segued hereby, white this nuartgage remains in effict the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assgns or successors in interest, which sums shall be within rho security of this mortgage [he same as the i'unds originally
<br />atoned thereby, ilre total armrrmt n€ ptinapal debt not to cx:~td at env time the original anwunt of this nnartgage.
<br />rAitd this 15th day tr December n. n., l4 79
<br />Thomas J.' MeA i 3on ''~ f -
<br />N. Audrey McAloon
<br />STItTE OF NEBRASKA, ~ ~ err this 15th day of December lv 79
<br />COUNTY OF HALL ,before roe,
<br />the undersigned, a Notary Public in and for said ('cooly, personally carne
<br />Thomas J. McAloon and N, Audrey McAloon, each in his and her own right, and as s~~f~e of
<br />each rather ~ ~ ° are I'crsO7 y ROw" tO
<br />ate to be tits iderticai person S ~tN+nat~,#ttiifr~t'?'s'1(,'~:w~r2 aiTixed to the above instrument as mortgagor S and they s~,affy
<br />acknowledged the said;'na ~~,. zthts''IT!,,. ~,'';~untary a,-t and decd.
<br />WITNESS qd and I4otatial Scab tit Plate aforesaid. // '- ~ ~j
<br />Iriy C°nurti~.an ~ p`~ rJ ~ ;"'~ ~~ 5 ,~__~.._,.._-~F:~1~/~l Gam` ~~`/
<br />{ r ._
<br />lar&aN at r -~x'~. ~ , ~ -- r Notary Public
<br />N.t.. ~r
<br />w all f;°,t 'Oi'''~ .
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