|
<br />[itoRTGAGE
<br />M4RTGACE LOAN No. L 23, 731 _.
<br />lo+row ALL MEN Br THESE PRF_SENI'S: that James D. Goodwin and Col seen M. Goadwi n, u ,7ec o 02
<br />each in his and her own right and as spouse of each other
<br />- Mortgagor,whether one ~,mre,in camidaation aft6e>~of- ~.
<br />-~~Thossand and Nol100----------------------- -----------------°---------pp~g$
<br />kraned to said mortgagor by The Equitabk Build-mg and Loan Azmciatitrn of Grand Island, Nebraska, M 6Q
<br />ortgttges, upon shtttee rAsmeY of -
<br />said ASSOCfAT10N, Cartifrnte No. L 23, 731 , do hereby grata, convey and rtartgage unto the said A554CIATiON t!g fol-
<br />deser.Led real estate, situated in Nall County, Nehraska:
<br />LOT TWO HUNDRED FORTY-ONE (241) IN BELMONT ADDITION,
<br />AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA, AS SURVEYED,, PLATTED, AND RECORDED
<br />Subject to a prior mortgage to the mortgagee herein in the
<br />principal amount of $30,000.00 dated April 11, 1980.
<br />together with all [he teremersts. hereditaments and appurtenances thereunto Fxlonging, including attached floor coverings, alt window stTxru,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and acrzssories thereto, putrtps,s[oves,
<br />refrigerators, and other futures and equipment now or hereafter attached to or used in oonnectitrr, with said real estate.
<br />And whereas the said mortgagor nas agreed and does hereby agree that the mortgagor shall and will pay all Laxes and assessments levied or
<br />assessed upon said pttrnises and upon this mortgage and the bond secured thereby before the same shall Mwme delinquent: to furnish approved
<br />instuance upon the buildings on aid premises situated in the sum of S 6, ODD. DD payable to said ASSOCIATION and to deliver [o said
<br />ASSOC'lAT10N the policies frr said insuranre: and oo[ tocummit or permiC any waste on ur shout said premises;
<br />:n case of default in the performance of any of the terms and conditions cf this mortgage or the bond secumd hereby, tht mortgagee shag,
<br />an demand, be entitled ur immediate ptrsesrien of the narttgaged premises and the ttrortgagor hereb+,~ assigns, t,ans;ers and sets vrr [e rite
<br />mortgagee all the rents, revenues and income to be derived from the mongpged premises dming such time as the mortgage indebtedness shall «ntain
<br />unpaid; and [he mortgagee shall hart the nrrwer to apprrint any agent ur agents it may desire for the purpose of repairing said premises and renting
<br />the sartx and mtlectine the rents, revenues and inn me, and it may pay out of said income all exxnses at repairing said premises and necess+ty
<br />cnmmissiuns and expenses incurred in renting and managing the same and of wiier:tutg rentals therefrom; the balance rerttai_ning, if any, [o be
<br />°pplied toward the discharge of aid mortgage indebtedness: these rights of the mortgagte may be exercised a[ any time during t>~ existence of such
<br />def-<tdt, irrespective of any temporary waiver o! the same.
<br />Theme F:escnrs, Fti::cs:.r, are upon :,`,e i:andiiiirn,'iiai if [he sold 'mortgagor su>ii repay said loa^. or, er b.^.fcre the maturity of said s:.ates iy
<br />payment; lay monthly hr said ASSOCIATION of the sum specified in the Bund secured hereby as interest and Rrineiea! un said loan, un or before
<br />the Twentieth day ut each anti every month, until said loan is tally pod: pay all taxes and assessments levied against said premists xnd un this Mortgage
<br />amt the flood secured thereby, before delinyuency ;Cornish approved insurance upon the buildings thereon m the sum of S6 . QOD • QO payable
<br />[o said ASSOCIATION; repay to said ASS(KtAT10N upon demand all money by it paid Cor such taxes, asses>ments and insurance with interest at
<br />the maximum regal rite thereon Gnm date of payment all o(which Mortgagor hereby agrees to pay; permit nu waste un said premixs; keep and wmply
<br />with all the agreements and conditions of the bond for $ (, DDQ, DQ dris day given by the said Mortgagor to said ASS(X:IAT'EON, and amply
<br />with all the requirements of the Constitution and By-Laws of said ASSO(:IAT'ION; then thcx presents shall become null and void, otherwise they
<br />shall remain in Frill (nrce and [nay be (oredosed at the option of the said ASSOCIATION after failure (ur three :nunths [o make any of said
<br />payncenL or be three months in arrears in making said monthly payments, or to keep and amply with the agreements and conditions of said Bund;
<br />and Mortgagor agrees to have a receiver appointed forthwith in sudt Coradosure proceedings.
<br />!( there is any change in ownership of the real estate mor[gxged herein, by sale or otherwise, then the entere rentainbtg indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, 6ernnre imtcediately Jue and payable without
<br />further notice, and the amount remaining due under said hone, and any ether bond for any additional advances made [hereunder, shall, Gam the
<br />date of exercise of said option, hear interest at the minimum kgal rate, and this rrtortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, Irom date of paynixnt at the mazeimum
<br />kgel rate.
<br />As provided k the Bund secured hereby, while this mortgage retn:tins in effect the mortgagee may heroaCter advance additiotud sums to the
<br />[[takers of said Bond, their assigns or successors in interest, which sums sttalf be within the security oC this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt m>t to exceed at any tinm the anginal amount of this mortgage.
<br />Dated this 23rd._ tt~r JuIY ~. n_• t., 80
<br />-,~.--~ /
<br />sue---3 ------- -
<br />• oo In
<br />STATE OF NEBRAS[4S, ~ ss On this 23rd , day of J U ] y 14 $Q ,before me,
<br />COUNTY OF t1ALL
<br />the undersigned, a Notary Yublic in and Cor said County, personally came
<br />James D, Goodwin and Colleen M. Goodwin,
<br />each in his and her. owm right and as spouse of each other, won are perwnauy known to
<br />roe to be the identical person S whoxi [tames are affixed to the abovs instrument as mortgagor S and they scveraJy
<br />acknowledged the said instrumoni to be the-i r voluntary act and deed.
<br />W1TNE,^,S my hand slut Notarial Seaj the date aforesaid. `7
<br />My Canurtis~on expires _ ~~_~ /~~ f~
<br />.... Notary Public--
<br />[ata.ass at
<br />
|