|
8~~~is
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23>742. - -
<br />tarowAtl.MI:N BrTIIFSErBI:seNTS:Tnat parrell D. Smith and Hazel D. Smith, each in his-:and
<br />her own right, and as spouse of each other
<br />Mo[t~tgor, vvhethero~ar mote, in amadetati~~tbearmta£ '.
<br />Eighteen Thousand and Nol100-------------------------------------------------------m[t1BR
<br />loaned to said mortgagor by The Equitable Building and Lawn Association of Grand Island, Nebraska, Mortgage, upon ~ BD dtares of~odc of - _
<br />said ASSOCIATION, Certificate No. L 23, 742 , do hereby grant, convry and mortgage unto the said ASSOCIATION the FoBotwimg. -
<br />drsaitred real estate, situated in Hal! Caunty, Nebraska: _ -
<br />EAST TWENTY-FOUR .AND FOURTEEN HUNDREDTHS (24.14)
<br />FEET OF LOT ELEVEN (11) AND THE WEST FORTY-SEVEN
<br />AND TWENTY-NINE HUNGREDTHS (47.29) FEET OF LOT
<br />TENN {10), IN WEST SPELTS-SCNULTZ ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto beiongng. including attached floor coverings, all window screens,
<br />wirtdaw shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water eyuipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures xnd equipment now or hereafter attached to or used in connection with said real estate.
<br />:1nd whereas the said mortgagor has agreed and does herehy agree tlmt the nwrtutteor shall :ofd will pay a6 taxes and assessments levied or
<br />asmssed upon said premises and open this mortgage and the bond urured thercbv beCare :he same shag became delingt+ent; to fmnish approved
<br />insurance upon the buildings nn said prermses situated in t}te sum of S 1 B,DDD • DD payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the palicies for said insurance: and aot to commit or permit any waste on or atwut said premises;
<br />In rase of default in /hc performance of any tit the terms and ::onditrmts of tins mortgage ur the band secured hereby, the martgaget shah,
<br />on dertarri, be entitled to immediate possession of the mortgaged premises and the mortgagor hrrcb}• assigns, [ranslers and sets aver fo the
<br />martgag~ aft the reties, r<<-znues and inWme to be dentiYd Cram the mwrpgca premius dw-ing such time as the mortgage indebtedness shall remain
<br />unpaid: xnd the mortgagee shall have t!te power to aplxnnt arty agent or agerta it may drsfre iiu the purpux of repairing said premises and renting
<br />the same and collecting the rents, retinues and incame, and it may pay out of said income alt expenses of repairing said premises and necessary
<br />eammissinns and expenses me-uued in riming and managirg the same .and ~ r cel;zc:titig rentals therefram; the balance :etrtaisting, if any, to Ire
<br />applied toward the discharge oC said mongxgc indebtedness: these rights tit the mortgagee rttxy be r:xercised ai any time during the existence of such
<br />default, irrespective o(anv temparary waiver ul the same.
<br />These Presents, however, arc uptm the Condition, Thst if the said Mortgagor shall n^,pap said loan tin or before the maturity of said snares by
<br />paytttent; pay mortttly is said ASSLX~LA TION uC the s-um specit`scd .n tkc Bt+nd xcmed '^.erehy as mteras: artd pnrrpai tin said loan, on ar hLrore
<br />the Twentieth day of each aril every month. until said loan fs Cully paid; pay all taxes end as~ssmenfs Iev;ed against sail premises and ar. th+s tSartgage
<br />and [he Bond secured [hereby, before delinquency; furnish approved insurance upon the huildings thereon m the sum of 5 1 B , DDD. DO payable
<br />to said ASSOCIATION; repay to card ASS(X'lATION uptrn demand all money by ~t paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit nu waste on said premises; keep and wmply
<br />with all the agreements and conditions of the Bond for S 1 B,DDD. DD [his day given by the said Mortgagee to sa+d ASSOCIATION, xnd ~umply
<br />with all the requirements of the Canstitution and By-Laws of said ASS(K'IATfON; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the optical tit the said ASSCda A`fION after (allure fur three monfis m make env ul' said
<br />payments or be three months in arrears in making said mmutdy payments, m w keep and comply with the agreements and conditions of said Band:
<br />and Mortgagor agrees to have a receiver appointed iorihwith in such foreckusure proceedings.
<br />If there is any change in awnership ol""the real mate mortgaged heroin, by sale m otherwise, then the entire remaining indebtedness hereby
<br />secured shall, a[ the option of The Equitable Building and Luan Association of Grazed Island. Nebraska, become unmediately due and payable without
<br />further notice, and the amount remaining due under said hand, and any other band for any additional advances made theremiler, strati, tram the
<br />date of exercise of said option, heir interest at the maximum legal rate, and this martgage may then be foreclosed to satisfy the amount due nn said
<br />bond, and any other bond for addiGunal advances, together with all sums paid by said "f Pre "r.quitable Bu(Iding and Loan Association of Grand Island,
<br />Nebraska Cor insurance, taxes and assessments, and abstracting r:xtension tlrarges, wilt imeresi thereon. from date of payment at the maximum
<br />Iepyl rate.
<br />As provided in the Bond secwed herehy, while t}us mortgage remsms m effect the mortgagee may hereafter advar+rz additional soots [o the
<br />makers of said Band, their assigns nr succesiots in interest, which sums shat) 6e within the security of this mortgage rite same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time ttte original ammm[ of this mortgage.
<br />rata is 30th. - ~Idyar July ,}. u..1+180
<br />" 'L' - ' r,, t ~ --~--
<br />ar ,
<br />l
<br />Hazel Smith
<br />STATE OF NEBItASKA,1 ss On this 3Oth . day of J U 1y I y$D , btfore me,
<br />COUNTY OP HALL 4
<br />the undersigned, a Notary Public m and f or said County, personally rime
<br />Dar^ell D. Smith and Hazel D. Smi each in his and her own rightw and as spouse of each
<br />other t~ I'° are Frcraonally known to
<br />the to be the identical person 5 whose S ,.di~tQ~~ d to the above instrument as mortgagor 5 and they severally
<br />acknowledged the said instrument to be •~'<- ~~ vulunfA•r~',aoC `' deed.
<br />Cs v.
<br />WITNESS my hand and orar®1 Sea~I}tp}tpSe afciTesaidi jam.
<br />My Commission expires ~ ~ ~ 7-'-+~.s j~ ~'~~~r~~ v f
<br />9G
<br />`• ~~~.. ,.rGS: ~ ~ .,----____.-____- Netnry Public
<br />taxsxat tit Jr. `'•.,; ~ ~~.•' ~`:
<br />~..y/_ • ....• t~5
<br />~F ilESt
<br />
|