|
~1--~~54z~
<br />Y~tTE;AGfi
<br />?~HTG ArE LOAN NO. r. 24 _ 00:3
<br />SNDwALLMF3dBYTt~sEP[tESENT3:That Sett C. Lane acrd Cirx3ra K. .r,~.ne, each in him .,a her
<br />own right and as spouse Of each other, Mortgagor, vrhettser one or more, in etrarideration of the am of
<br />F~.X~ix ~ and r~/100 OOH
<br />leaned m srul mottgagcY by Tfte Equitable Bu>lding and [,oao Araociation of (rand rand, Nebr..dta, Mortgagee, upon 460 shares of aadc ~'
<br />said ASSOCIATION, Certif'uato No. L 24,003 . do hereby grant, wnvey and mortgge unto the acid ASSOCiATit~i the foBowiag
<br />deaeribed tnl edare, sifwted k IiaB Cotmty. Nebraska:
<br />Lot Eig'nt {8), Block Four (4), in Colonial Estates
<br />Sc-nand Stilx3ivision ire the City of Grand Island,
<br />Hall Coturty, I3ebraska
<br />ttt®eether with all Ilse tenements, bereditaments and appurtenances thereunto belonging, irtctudirtg attached floor wverrogs,. a8 vvierdow saeeos,
<br />window shade. bliada, storm windows, awnings, heatlttg, air corrdilionireg,and plumbing and water rgteipment and acceaories thereto, ptmpa, stover,
<br />rdrigeraYOrs, ~ other features and etluipment now or hereafter attached to or used k wnnection with said real estate.
<br />And whereas [he raid mortgs~gor hu agreed and does hereby agree that the mortgagor shall and will pay all taxes and atee~ents levied or
<br />as<aed upon said prertrives aced upon this mortgage and the bond secured thereby before the same shall becoux delingtsent; to furnish approved
<br />insurance upon the building on said premixs sitwted in the sum of 546, 000.b0 ~+~~k to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for aid imtrrance; and not to commit or permit any waste an or about said premises;
<br />In taae of defaeeh in the performance of any of the terror and wnditions of this mortgage or the bond secured hereby, the moetgttges stall,
<br />on dearaad, be en[etkd to ivuoediate pusaession of the mortgaged premise and the rnartgagor hereby assigns, traders aced sets over to the
<br />nns[gar¢es all the rents, revenues and mwrree to be derived from the mortgaged premises during such time az the mortgage indebtedrca shall revuin
<br />unpaid; and the mortgages dull have the power to appoint any agent or agents it may desire for the purprru of aid and tea '
<br />repaerireg iM~ ~g
<br />the same and colkctireg the rents, revenues acrd income, and it may pay out of rid inmvee all expenxs of repairing slid premna and necemry
<br />extmmi>aons and expenses incurred in renting and enaoaging the same and of collecting rentals therefrom; the balance remaining, if say, to be
<br />applied toward the disclurge of said mortgage indebtedness; these rights of the ntortgagce may be exercised at any time dtuiog the existence of stab
<br />default, irrespective of arty temporary waiver of the saate.
<br />These p[esenes, ieowever, are upon the Condition, 7leat if the said Mortgagor shalt repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum speafied in the Bond secured hereby az interest and principal on aid loan, on or before
<br />the Twmtlelh day of each and every month, until aid loan is fully paid; pay aU axes and assessrrtents levied against aid premises and on the: Mortgage
<br />and the Bond secured thercba, before delingrrenr:y; furnish apprrned insrr~m~+ upon the buildings thereon iu the stun of S 46 , 000.00 payable
<br />Yes said ASSOCiATdO'-:; re,:~y :u sa;d ;:S,dAj.u;+ ttpor. db:nd:u :nunxY by it pain fur strcdt tars, asresmmettts and iruurrnr~ with mtecest at
<br />the maximum legal are therwn from date of payment aU of which Mortgagor hereby agrees to nay; permit no waste on said prtmtims;)teep and oumpdy
<br />with all tix agreements and conditions of the Bond for 3 46 000 : 00 this day elven by the slid Mortgagor to said ASSO('IA_TION, amt txnaply
<br />with all the r~uicements of the Constitution and By-d~avs o~saed ASSOCIATION; then these presents shall became null and wed, otheenvire they
<br />sha8 rennin in full fora and may be fumclosed at the option of the aid ASSOCIATION sfter failure for three months to make any of said
<br />pryroents or be three rrtonths in arrears in making said monthly paymrnts, or to keep and comply with the agrcementa and conditions of aid Bond;
<br />and Mortgagor agrees to have a receiver appointer! forthwith in such foreclosure proceeding.
<br />if there is any chug in ownership of the real estate mortgaged herein, by setk ur otherwise, then the entire renuinittg irsdebtedoesa hereby
<br />aewaed ahsB, at the option of The Equitable Building amt Loan Asvociatitto of Graced inland, Nebradta,become itmoediately due atad payable withtwt
<br />feather notice, sad the ammunt remaining due trader said bond, and arty other bond for arty additional advanxs made thereunder, s1u11, from Hee
<br />deda of exeraae of said option, ben entered at the snaximeem kgat rate. and this mortgge rmy tleen be faaeclored to atirfy the atnoeeat dtse ~ aid
<br />boad,aod any other 6oa1 for additional advaam, together with >U sums pout by aid The Equitable Building and Loan Assoeaation of Grand Island,
<br />Nobraaka for iasuranoe, taxes and assessaeents, and abstracting extension cltatge:, with interest thereon, from date of payment a[ the rrt~rimum
<br />kgtd rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may herettftu advance additional sums to the
<br />e®kers of aid Bond, their assigns or stecceswrs in interest, which sums rha8 be within the security of this mortgage the same as [he funds originally
<br />aeeetrc$ fiserelry, tlee Iota! arnoemt of principal debt rmt to exceed at any time the originar amount of this rttortgage.
<br />red this 26th day of pCrpj~r~ A. I)., 19 81
<br />C;« el`atw ~
<br />Cindra K. Late
<br />STATB OF NE$ILASKA, ~ sa. On this 26111 day of OCtObC'r, 1981 ,before me,
<br />COI/N'lY OF HALL
<br />the u~ertigrecd, a Notary Public in sal for said Cotmty, peraoeylly nme
<br />Scott C. Ladle atxi Cindra K. Lane, each ill his and her own right anti as spouse of each
<br />other, who aL'e petaooally known to
<br />ass to be the ulantical perstm S whose come S al`L' alTixed to the above instrument az mortgagor S and they severally
<br />acknowledged the caul inattument to be their votemtary act sad deed. '
<br />W17'NES.S my hand and Seal the date aforesaid. '~
<br />~i t ' [~~
<br />MY Conrmirion etcpiresP7 tl-E, ~(7 1~~~ i
<br />rats as ~4 N~-tisw ai ariway Notary Public
<br />~AiIIr ~ IIW~N
<br />~ll~la t1/, Mw, l0. I#9
<br />
|