|
<br />1wIORTCAC;E __ _
<br />MoRTCAC~ Laax No. L 23 , 665
<br />KNOW ALL MENISYTizFSEPttESENTS:That Charles A. Douglass and Maxine Douglass, each in his and
<br />her own right, and as spouse of each other
<br />Mortgagor, whether orza or rnoit, in consideration of ttte sum of
<br />Twenty-three Thousand Three Hundred and No~100-_~____________________________~~~
<br />1~ned to said mortgagor by The Equitable Bur7ding and Laan Association of Grartd Island, Nebraska, Mortgagee, upon 233 shares of stock of
<br />said ASSOCIATION, Ctrtifi~tt No. L 23,665 , do hereby grant, convey and tvortgage unto the sod ASSOCIATION the foBawiog
<br />desrnhsd rte! estate, situated in Nfall County, Nebraska:
<br />LOT THREE (3), IN BLOCK SIXTEEN (16), IN RUSSEL WHEELER'S ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />tagethcr with all the tenements, hereditaments and appurtenances thereunto belonging, including at[aclzed floor troverings, all window screens,
<br />window shades, blinds, storm wmduws, event»gs, heating, air ~nditiuning, and plumbing and water equipment and accessories thereto, pumps,stovcs,
<br />refrigerators, and other fixtures and equipment now ur hereafter attached to or used in connection with said real carats.
<br />' And whereas the said mortgagor has agreed and dues hereby agree that the trwrtgagor shall and will pay all taxes and assessments levied or
<br />_ '. assessed upon said pretnists and upon this mortgage and the bond secured thereby before the ~sve shall become delingtrev[; [o furrrish approved
<br />~', insurance upon the buildings on said premises situated in the sum of $ 23 , 3DD, DD payable to said ASSOCIATION and to deliver to said
<br />" ASSO(:'IATION the policies far said insurance; and not to commit or permit any waste on or about said pretrtises;
<br />i
<br />In Casa of defatdt in the performance of any oC the terms and conditions of this moAgage or the bond secured hereby, the mortgagee shall,
<br />- on ztamand, ba entitled W iti[rrtediate pessessiav al' [he mortgaged premises and the mortgagor hereby assigns, transfers and its over to the
<br />mortgagee all the rents, revenues and income to bt derived from the mortgaged prtmists during such tune as khe mortgage ittdebitdttar stuB rcttmirt
<br />unpaid; and the trwrtgagec shalt have the power to appoint any agent or agents it may desire far the purpox of repairing said prctnbes and renting
<br />the settle and rnllec[ing the rents, rercnues and income, and it may pay out of said incutve ail expenses of repairing said premises and rte,-tt[sary
<br />commissions and txptnses intoned in renting and managing the same and of collecting rentals tbercfrom; tits balance rcntaining, of any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee tray be exercised at any time during the existence of such
<br />default, irrcsptctive of any tempt=nary waiver of [he sattu.
<br />- _ "Chest Presents, hawtve+, are upon the Condition, That if the said Mortgagor shall repay raid Loan on or hefotc the matturty of said shams by
<br />_ payrrxnt: pay monthly to said .titiSOC1ATION of the sum specified in the Band secured hctcby as interest and prirtcipa! on said lean, on ar before
<br />_ the 7Wrtntieth day of each at[d every tnantit, until said turn is Cetily paid; pay all taxes acrd asscssmtn[s leviers against said prta[isea am! cot leis ktortgaga
<br />- assts th.; thr»d s€t tired therab~,'r.. #'t,rr> delinquency; furnish approved i»surance upon the puddings tht[aan iu tilt strut of $ 23, 3iltl. 4~ payable
<br />io said AaSOClATIO?~t; repay to said :iSSt7i'IATtON upon demand aB erxrzrv by it paid fur suclt taxis, assesunents and insurantx withrtttereat at
<br />-..- the trotx_imutn teen! rata ther,Y,n scum rt~tc_ u€ payt^?vk al! of which Mort •r hereby a>;rr«rs Io may: permit ra vrr~-teon said prrt:kt~ avdanrtt}yy
<br />-_-.. with aB the agr~tttertrs a t_ ~.ira5titi€nuss~ ih~ Btutd far a 23~ 3Q{} QQ ih~ day gtic-tt by the -Irtartor err sai$ ASSOCIATrt";#N, and t~mply
<br />with nit the rtquirerntnts + f the t'unstitutiun and By-t,aws of >aid ASSOCIATION; than these presents shall become olds and vtrid, otherwist they
<br />sltaB remain in full forts and mty be turttlusrd at [hc op[iov of the said ASSOCIATION acre[ failure for three months to make any of said
<br />payments of 6e three months m arrears m making said monthly paytttents, ar to keep and aimply with the agrecmtntx and conditions of said liu»d;
<br />- anil Mortgagor agrees to have a iee~eivat appointed forthwith in such foreclosure proceedings.
<br />If (hare is any change in ownership of tbe real estate mortgaged inetein, by sale or otherwise, then the entire retraining indebtedness hereby
<br />secured shad, at the option of 7 he Equitable Building and Gran Association of Crand Island,Nebraska,become immediately due and payable without
<br />further notice, and the srttutmt ranraining due under said bond, and any other bond Car any additional advances made thercundtr, shag, From the
<br />data of exercise of said option, beat interest a[ the tnaxitnum Igal mte, and Ibis tnartgage may than be fanclused to satisfy the amount due on said
<br />band, and any otber bond fur additional advances, together with all sums paid by acid The Equitable $wlding and Loan Asstuiatiun of Gland ls4nd,
<br />Nebraska for insurance, texts and asstssmenu, and abstracting extension charges, with interest thereon, from date of payment at the nuximum
<br />legal raft.
<br />As provided in the Rand r,~ cured haroby, while this mortgage remains in effect the mortgagee may hereafter advance additional suttts to the
<br />makers of said Btmd, their assign, nr succeswrrs in interest, wltith sums shag be within the security of this maRgage the same as the fonds urigirally
<br />net:urril thereby, [ha [oral amouue of peir[cipai debt nut to exa+ed at any time the irrigiiisl amount of this mortgage.
<br />- Oatcil Fhis 6th ,day rrf December A. a., Is T9
<br />~.%
<br />f
<br />Ch~rlesyy ~. u ;;'
<br />Maxine Douglass }} ~~~
<br />STATE Opf- NEIfItASKA, ~ ss. On this 26th day of December Iv 79 , before me,
<br />COtJNTY OF HALL
<br />the undersigned, a Notary Public in and far said County, perwnaUy write
<br />Charles A. Douglass and Maxine Douglass, each in his and her own ri ht, and as spouse of
<br />each other w~O are Pa+*'"ally known to
<br />me to be the idtmtiral parson 5 whose name S are affixed t° the above instrument as moti~gur S and they severally
<br />acknawkdged the said instrument to be their voluntary act and deed.
<br />WITNt~S my hand and Notarial Seal the data aforesaid.
<br />MY Ct><m-~sion oxpircs i 1~' ~ '` _
<br />..._._-_.y..~_~._ ., f
<br />~ ~~ gEgERAL~ifAR7=rutai6ofke@ras"~a i ~ -"
<br />' tOraaM NI Jt5'r Pvt. BEAZLEY fj t - Not bltc~
<br />MY Cantm. fxp. Sept. lA 19g1 ~ /~('
<br />
|