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MORTGAGE
<br />MORTGAGE LOAN N6 L 23, 853
<br />IINOR'aLL MEx BY THFSE FRESENT3: That Mary Ann McQuiston, Subject to L20,040
<br />an un-remarried person Mortgagor, whether one or more, in corisideratior, of the cam of
<br />Fifteen Thousand Five Hundred and No/100-------------------------------- -- mt~~
<br />batted to said mortgagor 6y The Egnitabk Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 155 alma of stock of
<br />said ASSOCIATION, CertBicaie No. L 23, 853 , do heroby gent, compy and mortgage unto fix said ASSOCIATION the foBowivg
<br />descrfbed real estate, atttated is Slap County, Nebraska:
<br />LOT SEVENTEEN (I7) lid SLOCK ?HREE (3) IN MORRIS
<br />SECONC ADDITIO"d TO THE-CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />Subject to a prior mortyage to the mortgagee herein in the principal
<br />amount of $15,000.00 dated November 12, 1971.
<br />together with all the tenements, heroditaments and appurtenances thereunto belonging, including attached floor coverings, all window scrcens,
<br />window shades, blinds, storm windows, awnings, heating, air condiiionn,g, and plumbing and water equipment and accessories [hereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now ar hereafter attached to or used k connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor snag and will pay all [axes and asstssrnenrs levied or
<br />assessed upon said premises and upon [his mortgage and the bond secgg ggd 1heLebyo efort [he same shall become delinquent; to famish approved
<br />insurwitx upon the buildings on said premises situated in [he sum of S 15 ,,5((77 UU UU payable to said ASSOCIATION arrd [o deliver to said
<br />ASSOCIATION the po:ic:.Ys for said iawranm; and no[ to commit or permit any waste on or about said premises;
<br />In case of default m the performance of any of [ht terms and conditions of this mortgage or the bond secwed hereby, the mortgagee shall,
<br />on demand, be entiticd to immediate possession of the mortgaged premises and [he mortgagor hereby assigns, transfers and sets over [o the
<br />mortgagee all ine rants, rxv-erues and inwme to 6e derived from the mortgaged promises during sucfi time as the mortgage indebtedness shah remain
<br />unpaid: end the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said promisee and renting
<br />the s=tar and collecting the reefs, revenues and inrorr~, and it may pay aut of said incomz all zxpznszs of rep-ring aid p cr-mats and nc~
<br />romrnissions and expenses incurred in renting and managing the same and of mlleeting rentals therefrom; the balance remaining, if any, to be
<br />^pplnd toward the uisch,.:~.. of said martgogz indeb:edne~; inzsz rtghis of the mariaagee may rte exercised ae any rime during rite existcncc of such
<br />dcfauit, irrespective of any temporary waiver of the same,
<br />These presents, however, are open the Condition,'ihat if the said Mortgagor shall repay said leas on or befuro the maturity of s,id shares by
<br />payment; pay monthly [u said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />Ihs Twentiethday o(each and every month, until said loan u fully paid; pay all taxes and assessments levied against said premises and on th;s Mortgage
<br />and [he Bond secwed [hereby, before delinquen y; famish approved insurance upon the buildings thereon in the sum of $ 15 , SDD. DD payable
<br />to said ASSOCIATION; repay :o said ASSOCIATION upon demand all money by it paid for such taxes, assessments and inswanee wrth merest at
<br />the mzXimum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all [hc agreements and conditions of the Bond Cor $ 15 500 00 ttus day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the constitution and By-Laws o(asaid ASSOCIATION; then these presents shall became null and void, otherwise they
<br />shall remain in full force and may be foreclosed at [he option u( the satd ASSOCIATION after failure Cur three months to make any of said
<br />payments o[ bt three months in arrears ta making said tnwi[fdy payments, or to keep and comply with the agreements and conditions o(said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such forecloswe proceedings.
<br />If Ihue is any change in ownership of the real estate mortgaged herein, by safe or otherwise, then. the entire remaining indebtedness hezeby
<br />xcured sna6, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under slid bond, and any other bond for any additional advances made thereunder, shag, from the
<br />date of exercise of said option, bear interest at the maximum legal rata, and this mortgage may then be foreclosed to satisfy the antowit 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, from date of payment at the maximum
<br />legal rate.
<br />As proveied in the BonJ 5bcured hereby, while this mortgage remains m effect the mortgagee stay hereafter advanrz additional sums to the
<br />makers of said Bond, [heir assigns or successors in interest, which sums shall be within the secwity of this mortgage the same as the funds originally
<br />secured theroby, the tote! amountoF principal deht not to exceed at any time the original amount of this mortgage.
<br />•::Daled thin 12th. day of November A. n.. 1980
<br />-- .. may. nn Q i
<br />STA'Ytt OF NEBRASKA t
<br />COUNTY OF HALL ~ ~ On this 1Zth . day of November 19 8D ,before me,
<br />[he undersigned, a Notary Public in and for said County, personally canic
<br />Mary .Ann McQuiston, an un-remarried person cans is persunauy knawn to
<br />me i4 be the identical person whose name 1 5 affixed to the above instrument as mon~gor and S f le ~
<br />adutowkdged [rte said insirnmeatt to be her voluntary act and deed. ~ ~
<br />`7JITN:SS my Iwtni and `:ctarial Sea{ rtrz date a(arasaid. ~` j i~ . _ - ..-
<br />x.+ly Ce~~c:•s~a' n s g r,:s _ . _ -may. ~ ~-~ * ~ ~~
<br />4'° j rE EFaL l.7 ,.( 1t. ...,. ~ ,t"Li l .-.yam/Ty -le.y ,
<br />taR6aa nl F _ JC Y i~ E Il .:Y ~ ~~ ~ Nai;~'Pu '
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