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~0- i1045S2
<br />MORTGAGE.
<br />MORTGAGE LAAN NO. L 23,761
<br />RNOw AIL MEN HY THESE PRESENTS: Tint William C. McFarland and Marjorie J. McFarland, each
<br />in his and tier own right, and as spouse of each other
<br />Nineteen Thousand and No/100----------------------- Mois~or'wt~inet~otm~e'ma~a~u~ofmcaamo~
<br />------------------------------OArt aRQ
<br />roared to said mortgagor by The Equitable Buadirtg and Loan Association of Grand Island, Nebrasln, Mortpgee, iipnn 1 gD abases dat>ark of
<br />said ASSOCIATION, Certifigte No. L 23,761 , do hereby gtant, convey acid mortgage unto the acid ASSOG7ATtON ffie follarLtH
<br />daaibed real esuu, sitirmed in Nab County, Nebraska:
<br />FRACTIONAL LOT SIX (6) IN BLOCK TWENTY (20) IN KERNOHAN & DECKER'S
<br />ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA, AND ITS COMPLEMENT,
<br />TO-WIT: FPACTIONAL LOT SIX (6) IN BLOCK TWENTY (20) IN PALMER'S
<br />SUBDIVISION TO THE CITY OF GRAtdD ISLAND, NEBRASKA, SAID TWO FRACTIONAL
<br />LOTS TOGETHER FORMING A LOT 6o x 132 FEET IN SIZE, FRONTING ON
<br />DIVISION STREET IN SAID CITY.
<br />together with all [he tenements, hereditartn;nts and appurtenances thereunto belonging, including attached Hour mveririgs, all window actsena,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories therero,purttps,rioves,
<br />refrigerators, and other futures and equipment now or hereafter attached [o or used in connection with said real estate.
<br />And whtreas the said mortgagor has agreed and dues hereby agree that the mortgagor shall and will pay all [axes and as%msents levied or
<br />asseced upon said premises and upon this mortgage and the bond secured thereby be(ure the same shall become delinquent; to fmnish approved
<br />utsurance upon the buildings nn said premises situated in the sum of F 1 g , DDD. DD payable m said ASSOCIATION and to deliver to said
<br />ASSOCIATION the pohries far said insurance; and nu[ to-mmmi[ ur permit any waste on or about said premises:
<br />In case of default m [he performance of any of the terms and mndnions of this mortgage ur the bond secured hereby, the mortgagtt shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and Uie rtturtgagur hereby assigns, transfers and sets over to the
<br />rtwrtgagee all the rents, revenues and income to be derived front the riwrtgaged pttmues during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall haw the power to appnnt any agent or agents it may desist lisr the purpose of rep~airirig said premises and rrnting
<br />the same and collecting the rents, revenues and income, and i[ may pay out ui said inrome all expznsts of repairing said premiaet and Hera+svey
<br />mmntiasi+sns and expenses incurred in rentiug and ntanaxing the same and of coiiening rentals therefrom; the balance remaining, if any, [o a
<br />applkd toward the dixharge of said murtgag~ indebtedness: these rights of the mortgagee may be exercised at any time during the exiritnce o(such
<br />d=fault, rres~ctiw ui any temporary wairer of lht same.
<br />7'hest Presents, hnwewr, are upon the Condition, That if ihz svd Mortgagor shall repay said 3oan on or bzforc tht maturity of ssid shares by
<br />payment; pay trronlhly to said ASSOCIATION o(ihr sum specified in the Bond secured hereby as mrerex and principal un card loan. on or before
<br />the Twentieth day of each and every month, until said loan is (ally paid; pay all taxes and assessments levied against said premises and un [his Mortgage
<br />and the Hond secured thereby, before delinquency; furnish approved insurance upon the buildings theeun in the stun of $ 19 , ODO • DD payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it p;ud tar such taxes, assessmrnts and insurance with interest at
<br />the maximum legal rate thereon from dale of payment a8 0l which hhntgrrgor hereby agrees to pay; permit nu waste on said prertuses; keep and wmply
<br />with all the agreements and conditions of the Bond for $ 1 9, DDD. DDthis day given by the said Mortgages to said ASSIX;IKf10N, and comply
<br />with all the requiutrienis of the Cons, orlon and 8y-taws of said ASSIX7IATION; then these presents shall become nub and void, otherwise they
<br />sha8 rerrtain in fu8 force ~tnd tniy be foreclosed at lht option u( the stud ASS(X:IATION after lailure for three months W make a,ty ul' saiJ
<br />payments or be three months in arrears in nuking sarJ ntunthly payments, or to keep and comply with the agreements Anil conditions of said Bond:
<br />and Mortgagor agrees ro have a receiver appointed forthwith m such (oreclwure proceedings.
<br />If thorn is any change m ownership of the real estate mortgaged herein, by sale ur otherwise, then the entire remaining indebtednes's be¢by
<br />set:ured sita8, at tut option o(The r_quitablt Beading anJ Loan Association o(Grand Island, Nebraska, bewmt immediately due and payable without
<br />further notice, and the amtmnt remahiing Jue under said bond, and any other bond for any additional advances made thereunder, sha8, Irom the
<br />date of exercise of said option, bear interest at the maximum hgal rate, and Chia ttwrtgngt niay then be foreclosed to satisfy the amount due on said
<br />bond,and any other Iwnd for additional advances, together with all swm paid by said The b;ywtablt Budding and Loan Association of Grand Island,
<br />Nebraska for inswance, taxes and assessments, and abstracting extension charges, with surest therms, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, whiff. this mortgage remains m effect the rteurtgagtt may htrtaf2tr advance additional sums to the
<br />makers of said Bond, their auigns or suctxswrs in interest, which sums stroll bt within the acuity of this mortgage the same as the (ands uriginauy
<br />secured thereby, the total amount ul' principal debt not to exceed at any nine the anginal amount of this mortgage.
<br />~,' Ihudrnu 25th ~ ~ya i~ugust A. It,I~r80
<br />_.~.vrres C ~'t1(C~_ ~ ---
<br />'lliam C Mc ar n
<br />~ 1~~ ~~t .C~.t t, 0 ~~
<br />Ma jo 'e J. McFarland
<br />STATE OF NEHRASKA,~~ On this 25th day u( AUgUSt 19 ljQ ,before rue,
<br />COUNTY OF BALL
<br />the undersigneJ, a Notary Public m and fur said County, perxmally carat
<br />William C. McFarland and_~.Qr,ie J. McFarland, each in his and hew own right ~tersaonxuy kiinw(;;~se
<br />of each other ~:= ~ hit. I1O are
<br />tr!a to & the identicel perwr. g .j .,~ti"eafpo.,~ ~ t~'2 affixed to the above inalrwttent as mortgagor , and they severally
<br />\.
<br />adutowkdged the said instrurty t~it7b de ~-~~~ their ~'~. S-sp Wry ac! and deed.
<br />WITNESS ~ bared and'Wit>I~~al to aforesaid.
<br />My Commi>t~on expuest'y2; }~ / . p p ~/ )/ , / ~ s /- ~"'~ y) ' ~ i/
<br />~r„ '~:'... t% .~ ~ ! r ( Notary Public
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