|
MORTGAGE ;V ° ~~ ~ ~ ~ t ~y
<br />MORTGAGE LOAN NO. L 23, 859
<br />IQdOW ALL MEN BY THESE PRESENTS: That Frank Carr and Lillian E. Carr, each in his and her
<br />own right and as spouse of each other,
<br />Mortgagor, whether one or mote, in consideration of the mm of
<br />_ Fnurtaan Thousand and N^/100------------------------------°-------'-°-"-'-'"" DOLi.AR.S
<br />kgtted [o said mortgagor by The Equitable Building and Lnan Association of Grand Island, Ne6ndce, Mortgagee, upon j 4O sharcs of erode of
<br />said ASSOCIATION, Certificate No. L23, 859 , do hereby grant, com,~y and mortgage rota the said AS50CtAT10N the followi[tg
<br />described real estate, sitwted in Hall County, Nebraska:
<br />LOT ONE HUNDRED SEVENTY-THREE (173) IN BUENAVISTA
<br />SUBDIVISION, Afd ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASY.A.
<br />together with all the tenements, hereditamen[s and appurtenances [hereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and wa[erequipment and accessories thereto, purttps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connectam with said real estate,
<br />And whereas the said mortgagor has agreed and does hereby agree [hat the mortgagor shah and wi6 pay all taxes and assessments laved or
<br />assessed upon said premises and upon this mortgage and [he bond secured thereby before the same shall become delinquent; [o fu[aish approved
<br />insuranr upon the buildings on said premises situated in [he sum of S dd ~~ II((11(ftt (n~ payable to said ASSOt:aATION and to deliver to said
<br />ASSOCIATION the policies (or said insurance; and not to commit or ver~lt'aTig W33t~un or about said premises;
<br />In rase u( default in the performance of any of the terms and conditions of thu mortgage or the bond secured hereby, the mortgagee shah,
<br />on dernand, be emitted to immediate possession of the mortgaged prmmtses and [he mortgagor hereby assigns, transfers and sets over [o the
<br />mortgagce all rite rents, revenues and income to be derived from the mortgaged premises during such time ss the mortgage indebtedness stud! remain
<br />unpaid; xnJ the mortgagee shall have the power to appoint any agent or agents a may desue f'or the purpose of repairing said premises and renting
<br />the saute and coliectirrg the rents, reventes and income, and it rosy psy out of said inu,me all expenses u( repairing svd premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaking, if any, to be
<br />applied inward the discharge of said mcrtgage indebtedness: these rights of the mortgagee ;ray he exercised at any lime during [he existence of such
<br />default, irrespective of any temporary waiver oC the same.
<br />Theca Presents, however, are upon the Condition, I'ha[ d the said Mortgagor shall repay said loon on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION cal the sum specified in [he Band secure) hereby as interest and principal on said loan, can or before
<br />[he Twentieth day of each and every month, until said loan is (ally paid; pay all taxes anJ asxssments levied against said premises and can this Mortgage
<br />and the Bond secured thereby, before delinquency; Cornish approved insurance upon the buildings thereon in the sum of $ Q OOO , OO payable
<br />[o said ASSOCIATION; repay to said ASSOCIATI(N ulwn demand all money by it pa+d fur such taxes, assesvnenls and it.iurance with interest a[
<br />[he maximum legal rata thereon froth date of payment all of wtuch Mortgagor hereby agrees to pay: permit no waste on said prertdses; keep and comply
<br />with all [he agreements and condi4ons of the Bond for S jQ OOO. OO this day grve^ by [he said Mortgagor to said ASSOCIATION, and comply
<br />with all [he requhernen[s of the Constitution and 6y-Laws of said ASSOCIATION; [hen these presents shall became null and void, uthttwise [hey
<br />shall remain in full force 'and may be foreclosed a[ the option ui the said ASSOCIATION alter tenure for three nronths to make any of said
<br />payments or be three months in xaears in making said monthly payments, or to keep and comply with the agreements and conditions of said BonJ;
<br />and Mortgagor agrees to have a receiver appointed for0twith in such finedosure proceedings.
<br />IC there is any change in ownership of the real estate mortgaged herein, by sale car otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at [he option of The Equitnble Building artd loan Association o(Crartd Island,Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, xnd 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 rate, and this mortgage may [hen be foreclosed to satisfy the amount due on said
<br />bond,and any other bond for additional advances, together with all sums paid by said The Equitable Btdlding and Loan Associa{ion of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of paynxnt al the maximum
<br />legal cart.
<br />As provided in the Bund secured hereby, while this mortgage remains in effect [he mortgagee nwy hereafter advance additional soots to the
<br />makers of said ISond, [heir assigns or suuessors in interest, which sums shag bz within the secmi[y of this mortgage the same as the funds originally
<br />secured thereby, the lot antounr of principal debt nut to zxueed at any hme the original amount u(this mortgage.
<br />L>ated this ~ I7t -day of IJovember A. n., 1~ 80
<br />,-
<br />L.- ~ ,,--
<br />rank Carrt~ ~• ~ ~,
<br />~i°'-Cs~r-~- - - ~ ~ ~-~lli
<br />~iTliar E-'~aFr -~
<br />ST~Tt:: nP NEBI?A.SKA,l ss. On tads j7th. day of MOVelnoer it oO ,before rem,
<br />tCOUNTY OF MALL
<br />the undersigned, a Notary public N and for said Cnun[y, personally ame
<br />Frank Carr and Li'Ilian E. Carr,
<br />each in his and her own right and as spouse of each other, wlro are pcrwnauy known m
<br />mi to he the ideniicai per ton S whose names dYe affixed to dte above fnstrwttent as mor~gur 5 and they severally
<br />ackr,owieclgcd the .aid instrument to i,e the 1 r voluntary act and deed. 7777 - i
<br />wlTN)iS5 my hxrA sr:d Notxr~l Seal the date aforesaid. y ~-
<br />s,{y4,umm.rswn•xpncx i`'~.-.~:4'_'~~s~%~..t~j~ r ~" Vo ~'~'u~..
<br />v~_
<br />roraa„ a .. ,
<br />
|