|
MORTGAGE
<br />MORTGAGE LOAN NO. L 23.858
<br />KNOW ALL MEN BY THESE PRESENTS: That Kenneth L. Buck and Shirley A. Buck, each in his and
<br />her own right, and as spouse of each other
<br />Thirty Thousand and NO/100------- --Mortga~r,whtdher om or mote,in txrnsdetation of ibe stm of
<br />---------------- --------------------
<br />DOLLARS
<br />loaned to said mortgagor 6y The Equitable Building and L<nn Association of Grand island, Nebraska, Mortgagee, upon 3QQ shoes of stack of
<br />said ASSOCIATION, Certificate No. L23, 858 , da hereby gent. caovey and mort~ auto the said ASS0CL4T1ON the folbxirgr
<br />desm'bed real estate, situated in Hatt County, Nebraska:
<br />LOT TEN (10) IN BLOCK P~JO (2) IN PLEASANT VIEW ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all [he tenements, hereditaments and appurtenances thereunto belonging, including attached flour tbverings, all window sereeos,
<br />window shades, bhnds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps,eoves,
<br />refrigerators, and other fixtures and equipment now or hereafer attached to or rued in wnnection with said real estate.
<br />And whereaz the said mortgagor has agreed and does hereby agree that the mortgagor shall and wi0 pay au taxes and ~~^-nts (evisd or
<br />assessed upon said premises and upon [his mortgage and the bond scored therebv Before the carne shag beco[rx delinquent; to furnish approved
<br />iruurance upon the buildings on said premises situated in [he sum of b 3D, DDD. DD payable to said ASSOCIATION and to deBvn to said
<br />ASSQCIATION the policies for said insurancex; and not !o ,romrtdt °r permit any waste un or about said prertdss;
<br />In cis of default in the performance of any of the terms and conditons of this mortgage ur the Band secured hereby, the morgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premiss and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgages all the rents, rzvenucs and income to he derived from the mortgaged premise during such time as;he mortgage indebtedmss shall remain
<br />unpaid: and the mortgagee shall have the power to appoint any agent or agents it may desire for the propose of repairing said premiss and rrntirtg
<br />the same and collecting the rents, rernues and income, and it may pay out of said income sit expense of repairing said premises and neamry
<br />commissions and expense incurred in renting and managing the same and of collecting rentals therefrom: the balance rcma'~, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; thts rights of {he murtgagr_ may !x exercised at any time dtuirrg the existcace of such
<br />default, irrespective of any temporary waiver of the same.
<br />Thex Presats, however, ate upon the Condition, That iF [he said Mortgagor shall repay said loan on or before the matruity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond screed hereby as interest and prindpel on said loan, on or Ixforc
<br />the Twen[itth day °(each and every month, until said loan is Cully paid; pay all axes and assssments levied against said premises and on this Mortgage
<br />and the Bond xcmed thereby, befom delinquenry; furnish approved insurance upon the buildings therc°n m [he sum of S 3D , ODD. DD payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand aB money by it paid Eor such taxes, assessments and insurance with interne at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees [o pay; permit no wale on said premises; keep and comply
<br />with aB the agreements and conditions of the Bond for 3 3D , DDO. DD this day given by the said Mortgagor [o said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By-Laws of said ASSOCIATION; then these pmsnts shall become null and void, utherwue they
<br />shalt remain in full force and may be forcclosd at the option uF the said ASSOCIATION after failure for three months to make anv of said
<br />payments or be three months in smears in making said monthly payments, or to keep and comply with the agreetents and mndi[ions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />if there a any change in ownership of the real estate morigaged herein, by sale m otherwise, thin the sntue remaining indebtedness hereby
<br />scored shag, at the option °f The Equitable Ruilding surf Loan Association of Grand Island, Nebraska, became immediately due and payable without
<br />further notice, and the atnount ramaining due under said bond, and any other bond for any additional advances made thereunder, shag, from the
<br />date of exercis oC said option, bear interest at the maximum legal rate, and this mortgage may then be Corcdosd to satisfy ttre amount due un said
<br />bond, and any other bend (or additional advances, togethei with all swrn paid by said The Equitabk Building and Lunn Association of f rand Is4od,
<br />Nebraska for insurance, taxes apd assessments, and abstracting extension charges, with interest thereon, from date of payment et the rruximum
<br />Legal rate.
<br />Aa provided io the Bond'securcd hereby, wMle this mortgage remains in effect the nrortgegce may hereafter advance additional soma to the
<br />makers bf said Bond, their assignsvr succeswrs in interest, which sums shag be within the scarily of this mortgage the same az the funds originally
<br />secured thereby, the total amount of principal debt nut [o exceed at any rims the origins! amount of this nwrtgags.
<br />_y:Dated this I4th. day of "dovember A. D..19 80
<br />' en L. uc
<br />y~ t ~
<br />Shirley Amuck •°
<br />STATE OF NEBP.ASr.;,~ ~ on rasa 14th. as of November
<br />COL1N1'1 OF HALL y 19 BO ,before me,
<br />the undersigned, a Notary Public in and for said County, personally ceme
<br />otherth L. Buck and Shirley A. Buck, each in his and her own right~h~ nda~e spo~u~~ycfo
<br />me to be the identical rson S whoa name s are
<br />Pe affixed to the above in3tcurnent as mortgaggr S and they severally
<br />adurowkdged the said instrument to be their voluntary act and deed. --~
<br />tvtTNFSS my hand and Notarial Seal the date aforesaid. /
<br />r
<br />MY Lommrssron expues ~ - ~ ~'J - 7 ' /~"
<br />f $ &E9 45,t \ -~rrs4a i ~ /r ~~ .~~//f ~~ .~..f
<br />twszar m f ' _ No u6 '
<br />
|