|
8~- i~~~~t~~6fl
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23, 815
<br />KNOwALLMENBYTHESEPRESENTS:That Robert J. Baker and Mary L. Baker, each in his and
<br />her own right, and as spouse of each other
<br />Mortgagor, whether ors or r>wrc, N consideration of the s»m of
<br />Twenty-five Thousand and No/100 --------------------------------------------------
<br />IIOLLARS
<br />loaned to said trrortgagor by The Equitable Building and iwran Association of Crand Island, Nebraska, Mortgagee, upon 250 sbatea of stodt of
<br />said ASSOCIATION, Certificate No. L23, B15 , do hereby grant, convey and rrartgage unto the said ASSOCIATION the following
<br />described real estate, situated in iiall County, Nebraska:
<br />LUT TWELVE (12), IN BLOCK ONE (1) IN MEVES
<br />FIRST ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />together with aft the tenements, hereditaments and appurtenances thereunto belonging, including attached float rroverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and wacer equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now ur hercaf[er ataached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall became delinyuenC to furrtish approved
<br />insurance upon the buildings an said premises situated in the sum of S 25 ~ DQD _ DD payable to said ASSOCIATION and to deliver to said
<br />ASS(X'IATION the policies far said insurance; and not to commit or permit any waste on ur about said premises:
<br />In case oI' default in the performance of any uC the terms rmJ ,xrndirions ul this mortgage ur the bond seaarcd hereby, the mortgagee shall,
<br />on demand, he entitled to irnmrdialc possession of the mortgaged premuas and Ehe murtgagm hereby assigns, transfers and cats over to the
<br />mortgagee all the rents, revenues and income w ha denved from the rraxtgageJ prerniuos during such Lima ax the mortgage indebtedness shall rernwn
<br />unpaid; and the mortgagee shall have the ptswer to appirint any agree ur agents it ruay de~su¢ Corr the purpose of mpairing said premises and renting
<br />the same and collecting the rents, revenues aced income: and it .,ray pay out of said inrr:erne all expenses ~ rf repairing said premises and necessary
<br />commisxiuns and expenses incurred ir? rrntiot; and managing the same and of ;:~ollrct?ag rereads therefic n: the balance trtnaining, if any, to be
<br />appEir:d t.award the discharge of said nwrtgaga indebtedness: these rights rri the rnortgagov^ may he exercised st any time during tfte rxistencr of such
<br />default, irrast>,eeEivz of aay tempuraey waiver u1 the satnr.
<br />Th^-s: Presents, however, sta upon the Carditiart, That the veld MargahKSa shall re~pa?; said Ivan un ur bau;re thz maturity c;f ;aid shares 17y
<br />payment; pay manttdy lu aaid ASSOCLx"N'n,dN ai the awn spauiiiacV :n iha Band aer:mrod hanriaw ors interest and puncipal an said Foan, un or before
<br />the T-wentieih day of each and .very month, anal aasd loan rs f ally peed: pay all taxes :utJ assessments IrvieJ against said premises and on this Mortgage
<br />and [he Bond secured thereby, before delinquency; luroish approved mswann• upon the buldings thereon m the sum aC 5 25, DDO. DD payable
<br />to said ASSOCIATION; repay to s;JJ ASSIX'IATION upon demand all money by a part un such lazes, assessments and insurance with imerest at
<br />the maximum legaV rzta [hereon from date of paynn^nt a0 u(which Mortgagor hereby agrees to pay. permit nu waste on card premises; keep and comply
<br />with all the agreements and conditions of the Bond litr % 25,000, DDtttis day yven by the card Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements ui the Constitution and By~Laws of sold ASSOCIATION; then these presents shall become null 'sod void, otherwise they
<br />sha31 remain in full fora and may fk lomclox;d at the opuun ul the sail ASSOCIATION after IaJme for throw nwnths to make aay of sail
<br />payments or be three mmehs in arrears in making s:,id monthly Payments, ur to keep ar.J cuntply with the agrcrmrnts arrJ conditions of sail tbirJ;
<br />and Mortgagor agrees W hove a receiver appointed Ibrthwith in such furociosure proceedings.
<br />If quire is any Change in uwrnrship ul the real estate mortgage) herein, by sale ur othmwix, than the enure remaining indebtedness hereby
<br />secured shall, at the option of The Eiquitable Building and Loan Asswciatiun ul' Grand IslanJ, Nebraska, became immediately due and payable wathuut
<br />further native, and the amount rornaining duo under said bond, find arty other bond for any oaddiuonal advances made thereundu, shall, from the
<br />data oi' exercise of'said option, bear iutnrest at the maximum legal rate, and this nwngage may then he foreclosed to satisl}• the xmwnt due un said
<br />bond, and any other bunt lot asjditional advances, together with alt sums pail by said ~fhe P.quitable Building and Luan Aswciatwn ui Grand Island,
<br />Nebraska for insurance, taxes aotl assessments, and abstracting extension charges, wdh inwrcst thereon, Irom date of pnyntem m the maximum
<br />legal cute. -
<br />Aa InuviJad ui the Bond ~auad hafaby, whJe this mortgage remains m eflu[ ttte mortgagee may hereafter advance addruonal sums to ¢he
<br />makers a( said Bond, their assgtm ur succexsars in interest, which sums shag ha within the sac-only of Chu mortgage the sanw as the lands unginally
<br />secured thereby, thatatal ariamnt of principal debt nut to exceed at aay time the urigtnal amount of this nwngage.
<br />-~' Dated this 6th. t' day of DCtUber A. D., ter 8D
<br />~.~ ~'~~
<br />-~rt J. er ---------
<br />,. ~,_ „ .r-a,,~
<br />~ry L. Baker
<br />STATE OE NEBRASKA, ~ ss. ~ pu this 6th . is t ')C lobe r 14 8D ,before me,
<br />COUNTY OF 1iA11 r Y u~
<br />nc~ unlersignrJ, a Votary Public m and for card County, la:rscmally came
<br />Robert J• Baker and Mary L. Baker, each in his and her own right, ~f)o as Spou~erx°siytki,ownta
<br />other _~ are
<br />[ne to be lha identical person S whose Dame 5 are uttixed to the above u?su unsenjas m~rtgngor ; am! they +en•ralty
<br />acltnaw4dged tltz ,aiJ instrument to ha the) r voluntary art and dead. ~
<br />wil'Nf~AS my hand acrd Nutanal Seai Lire date aforesaid. -
<br />~ ~~ Y
<br />My C.,n'unrswo i space t ~ :.
<br />rarntsf ru Fi - ~ ~. ~ I ~ ~t yy'i'tabric.
<br />i ,
<br />i R',;
<br />
|