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<br />
<br />MORTGAGE
<br />MoRTnAGE LOAN NO. L 23, 814
<br />[INOWALLMENBYTHESEPR~SENTS:That ponald- E. Terry and Nadine R. Terry, each in his and
<br />her own right, and as spouse of each other
<br />Mortggor, wheihec one or rtw[t., is consideration of the som of
<br />Twenty Thousand and No1100 -------------------------------------------------------
<br />DOI.I.ARS
<br />loaned to said mortgagor by The Equitable BuBding and Loan Assa:iation of Grwd Island, Nebraska, Mortgage, upon , 2OO spates of stock of
<br />said ASSOCIATION, Certificate No. L 23 , BI ~+ , do hereby grant, convey and mort~ge unto [he said ASSOCIA7TON the following
<br />rksm'bed teal estate, situated in HaB County, Nebraska:
<br />THE EASTERLY FOUR FEET (~') OF THE NORTHERLY SIXTY-SIX
<br />FEET (66') OF LOT SEVEN (7) AND THE NORTHERLY SIXTY-
<br />SIX FEET (66') OF LOT EIGHT (8), IN BLOCK NINETY-TWO
<br />(92), IN THE ORIGINAL TOWN, NOW CITY, OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA, BEING A RECTANGULAR TRACT OF
<br />GROUND 66 X 70 FEET, HAVING AN EASTERLY FRONTAGE OF 66
<br />FEET ON KIMBALL AVENUE, AND BEING BOUNDED ON THE NORTH
<br />BY THE SOUTH LINE OF THE ALLEY IN SAID BLOCK.
<br />togeihee with all the tenements, hereditaments and appurtettantxs thereunto belonging, including attaelted Floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning,and plumbing and water equipment and arxxssorin thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now es hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor >haB and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured therebv before the saute shah become delinquent; to famish approved
<br />insurance upon the buildings on said premises situated in the stmt of $ 2O , OOp . OO payable to said ASSOCIATION and to deliver to said
<br />ASS~IATION [he policies for said instrance; and not to commit or permit any waste wt or about said orendses;
<br />1n case of default in the performance of any of the terms and conditions of this mortgage or the bond secrred hereby, the rtmrtga~x shalt,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the rmortgagw hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to he danced From the mortgaged premises during sutlt time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power ro appoint any agent or agents it may desire for the purpose of repairing said promises and renting
<br />the. same and uroilec[ing the rents, revenues and intx)tM, and it may pay out of swd income all czpenses of repairing said premises and necessary
<br />wmmisssons and ezl, :rrscs iacwred in renting and tmansging ihz satnc and of ~oilecfing rentals thorn€rom; the balance remaining, iF any, to ix
<br />ceppphad toward the discharge of said mortgage indebtedness; these rigFBS of the ntortgagrx: may tta exercised at any time daring the existearx of such
<br />ttefastlt, irrest#.ectiv~ of aaY tempxar~ waiver of the Barns.
<br />TFrasc Preunts, huwevar, are upon the Condition, That if the said Motgagor sludl spay said loan on or be;ore the maturity of slid shnras by
<br />payratcnt: tray monthly to void ASSt3i'IATION nt the sum specified 4n the Band sacetred hereby es interest and principal nn said lean, on or ttal`ore
<br />tFz Twantiaihday of aac-h and avert' ttwrift, untB said loan is fully paid: pay all taxes amd assessntants levied against said premises amt on this Mortgage
<br />and [he Cbnd secured thereby, before delinquency; fwnish approved insurance upon the buddings thereon in the sum of $ 2O , OOO , QQ payablc
<br />to said ASSOCIATION; spay to said ASSOCIATION upon detnaztd all money by it paid for wch taxes, assessments anJ inswance with interest at
<br />the maximum Iegai rate thereon from date of paymem all of which Mortgagor hereby agrees to pay; permit nu waste nn said prctnises; keep and comply
<br />with all the agreerttenis and conditions of the Bond for $ 2O , OOO.OO this day given by the said Mortgagor to said ASSOCIATION, and txtmply
<br />with all the regtmmnents of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall retmain in full force and may be foreclosed at the option of the said ASSOCIATION after iailwe for three months to make any of said
<br />payments or ba three tiwnths in arrears in tmaking said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to Itxs~e a receiver appointed ior[hwith in such Corecloswe proceedings.
<br />If them u any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />stcured shah, at the option of The Equitable Building and Loan Aswciatitan of Crand (stand, Nebraska, become immediately due and payable without
<br />further notice, and the atnotmt remaining due under said bond, and any other bond for any additiortsi adances made theremder, shag, from the
<br />date of exercise of said option, bear interest at the maximum legal rare, and this mortgage may then he foreclosed to satisfy the arnuunt due on said
<br />bond, and arty other bond fur additiorul advances, togethnr with all sums paid by said The liquitabk Building nerd [Aan Association o(Grand Island,
<br />Nebraska Ibr insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from dale of payment at the maximum
<br />legal rata,
<br />As provided in the Bond secwed hereby, while tlYiia mortgage remains in effec! the mortgagee may hereafter advance additiwta! sums to the
<br />trtakers of said Bond, their ~ s or streceswrs in interest, which scans shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total of prittcipat debt not to exceed at any time the original amount of this mortgage.
<br />~IAted this; - 1st. ,_. -day of _ - October A. O., Iy 80
<br />~~ - ~ _~~
<br />ponce d E. Term'- ~_
<br />'r
<br />Fl~Ii ne R. Terry - -
<br />ST,®7'E aF NEHRA$p(A, ~ ~-~ ; ~ tbis 1st . ilay of October i 9 BO . betoro me,
<br />- +°t COUNTY OF HAIL
<br />- ~ ~ - ~ - the undersigrtad, a Notary Pubhc in and for sad tbwtty, personally came
<br />l~4nald E. Tert•,y afld Nadine R. Terry, each in his and her own right, and as spouse ~f each
<br />6 her 'k '""' who are parwnsrly known to
<br />ma to ha the identical person S whams namt s dre affixed to fire strove instFifincnt aYmortgagor 5 and they severalty
<br />uknowledged the said instrument to be their volunury act and dced.
<br />1!7TNE-S.S nay }earod amtt N::fari:.l Svai thx data aforesaiA.
<br />My cnm:ntssts otr expnes ,;
<br />€ek F t a~TSF - S ~ tr :ta .'s--.~-. _'` ~-`--•-~~- .
<br />iarazra at i 1. _ - - - ~~ttb
<br />i
<br />t 3 t F„l. _, 1387
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