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ti~tTGACE ~ I ~--- a t ~.i i~
<br />.'atOR'fGAfp LOANNG. _L~~'^?
<br />XNO~irALLlI~+iHYTtiESEPRF3E*~SP~:T}at TiriiotYty N. Terrell, ~ si.T~~le per5£Sn
<br />Mortgagor, whether orre or mrtre, is cOrtaideratioa of the sam of
<br />Five Thousand dTtd rloll0 r...a r .>u
<br />toarsed to said mortgagor by The Equitable Budding and Loarr Associatan of Crartd Nand, Nebraska, Mortgagee, upon 50 shares of ztodt of
<br />said ASSOCIATION, CertBicaie No. L 24,001 , da hereby grant, wovey and rmrtg~e into the said ASSOCIATION the foHowiag
<br />described rtol ea[su, situated in Hal! County, Nebraska:
<br />The Southerly Fifty-Five Feet {55') of IAt Thirteen
<br />(13} and the Northerly Twenty Feet (20') of Ir~t Fourteen
<br />(14) Wolfe': Subdivision, ir. the City of Grand Island,
<br />Flail County, Nebraska.
<br />together with ail the tenetrreats, hercditaments and appurtenances ihercunto belonging, including attached floor coverioes, mU wirdow arseem,
<br />wendow :lodes, blinds, storm windows, awnings, Iteating, av conditioning, and plumbing and water equipment and acceaoriea themto, punQia,stovea,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or trxd in costmction with said real estate.
<br />And whereas thx said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taus and aaeaamrats ksiad ar
<br />aaaeaxd upon said prcroiaes and upon this mortgage and the bond secured thereby before the same shall become delinquent to fmrtiah approsed
<br />itswrance upon the btta7diogs on said premises situated in the sum of S S ~ 000.00 payable to said ASSOCIATION and to denser to aid
<br />ASSOCIATION the policies for said insurance; and not to commit or perm[[ any wore on or about said premix:;
<br />In cox of default in the perforrttance of any of the terms and conditions of this mortgage or the bond xcured hereby, the mortgagee sto8,
<br />on demand, be entitled to immediate posxssion of the mortgaged premises and the mortgagor hereby assigns, transfers and xts over to the
<br />mortgagee ail the rents, revenues and income to be derived from the mortgaged premises doing such time as the mortgage indebtedness shall remain
<br />unpaid; and the morigagce atoll have the power to appoint any agent or agents it may desire for the ptrrpox of repairing said premira:s and resting
<br />the same and ooBectirtg the rents, revenues and income, a~ it may pay out of said income all expenxs of rcpaising said prctaisea and aeoaary
<br />wmmissions and exprnses intatrred in renting and managing the same and of xBecting rentals therefrom; the balance remaiai~, if any, to be
<br />toward the discharge of said mortgage indebtedness; [hex rights of the mortgagee may be exercixd at any tune during the existence of such
<br />de auit,vrespectivc of any temporary waiver of the sarce.
<br />Thee Prexnts, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of ss~ suss by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond xcwed hereby as interest and prvrcipal on said loan, on or before
<br />the Twentieth day of eudt and every month, until said Ian is fully paid; pay all taxes and assesamenu levied against said premixa and oa this Mortgage
<br />and the Bond secured thereby, before delinquency; fwnv:! ~ proved inswance upon fhe buildings thereon in the sum of S5 000.00 payable
<br />to aid ASSOCIATION; repay to said ASSOCIATION upcs; demand ail rattney by it paid for such taxes, asssxsments and insurance with merest at
<br />ttte ttnximum legal rate thereon from date of payment al3 of which Mortgagor hereby agrees to pay; permit no waste on said premixs; keep attd oampty
<br />with ail fire agrcemertts and conaitions of rite Bond for 3 ~, 000.00 this day given by the said Mortgagor to said ASSOCIATION, arld comply
<br />with a8 the rapttirements o€ the CortstHution and BY-Laws of said ASSQCIATION: then these presents shall become nub and void, otherwise they
<br />sha8 rertraht in fu8 force artd may be foreclosed at the option of the said ASSOCIATION after fadwe for three months to make any of said
<br />payments or be three months in arrears k snaking said monthly payments, or to kcep artd comply with the agrcemeats and cv:aditioas of said Bond;
<br />artd Mortgagw agrees to love a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged hereca, by sale or otherwise, then the entire renuiniog iodetrtedrtess hereby
<br />secured aba8, at the option of Ttte Equitable Buelding and loan Association of Graced Islaod,Nebrasics,become imtoediately due and pyabk without
<br />farther ttotix, and the amount remaining due umkr said bond, artd any other bond for any additional advances made thercundu, alsdi. from the
<br />date of exercise of said option, beu interest at the maximum legal rate, and this rtgrtgage troy then be forecdoxd to stisfy the amount due on aid
<br />bond, and any other bond for additional advunxs, together with aU sums paid by said Tire Egttitabk Bur~diog and Loaa Auociation of Grated Nand,
<br />Nebraska for insurance, taxes and asxastnents, and abstracting extension charges, with interest thereon, from date of payment ai the xtrxtertum
<br />bgtt rate.
<br />As ovided in the Boad xcwed hereby, while this mortgage remains in effect the mortgagce may hereafter advance additional sums to the
<br />rtokera of said Bond, !heir assigns or successors in inures[, which sums sha8 be witttitt the xcurity of this mortgage the same as the ftmds originally
<br />enured thereby, rho total amount of principal debt not to exceed at any time the original amount of this tortgage.
<br />ua '~1f3 Octpber A. D., !9$1
<br />~y 11
<br />sTA'f8 OF NHBRAStU, ss. at thin 13th say of October l9 g l , befnreme,
<br />cotfNTY of I{All
<br />fire ttndersigaed, a Notary Public le and for said County, pusorwllypme
<br />Timothy N. Terrell, a single person
<br />who is penoroily known to
<br />me to be the identipl person whose name i3 affixed to the above instrument as mortgagor and he Ipipii~t
<br />ackuowkdgod flu acid irudrument to be hi3 voluntary act and deed.
<br />WITNESS my hand and Notarial Seal [hc dau aforesaid.
<br />hfy Cormniasitrn expires
<br />:retest ttda,ttts-statQd~ sTS:tat No ry PuDTie
<br />o.~ar rat G~I,MAR t.. t3A.,it_..
<br />„..,,~ My tem:a. Esp. sec. 7, 1?gd
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