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86-- 102088
<br />MORTGAGE __ __ See L 22,202
<br />MORTGAGE LOAN NO. --1,_ 9414Rg
<br />KNOW ALLMF,N BY THFSF PRESI:NTC7 That MiChae 1 S. O'Neill and Claudia O'Neill
<br />Mortgall", whether one or more, in consideration of the sou of
<br />Wenty Three Thousand Six Hundred and no /100- ---- -- --- -- - - -- °- DOLLARS
<br />loused to said mortgagor by The Equitable Building and Learn Association of Grand Island, Nebraska, Mortgagee, upon 236 shares of stock of
<br />said ASSOCIATION, Certificate No. 1, 24,485 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />deuzibed real estate, situated in Halt County, Nebraska:
<br />Lot Six (6) , in Block Two (2) , Kay -Dee Subdivisitxl, l orated on part
<br />of the Southwest Quarter of the Southwest Quarter (SASWk) of Section Twenty
<br />One (21), in Township Eleven (11) North, Range Nine (9) West
<br />of the 6th P.M., Hall County, Nebraska.
<br />together with all the tenements, bereditarnents and appurtenances thereunto belonging. including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto,pumps,stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the hand secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in rite sum of S 23,600.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and nut to commit or permit any waste on or about said premises.
<br />In case of default in the performance of any of I he terms and conditium of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all life rents, revenues and income to he derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power te: appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the tents, revenues and income, and it may pay out of said income ail expenses of repairing said premises and necessary
<br />comtnissimns and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may he exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition. That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every mormh, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of s 23, 600.00 payable
<br />to said ASSOCIATION; repay to said A.SS(X :IATION upon demand all rmrney by ii paid for such :axes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said pmmises;keep and comply
<br />with all the agreements and conditions of the Bond for S 23 600.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By-laws o(is id AS )CIATION; then these presents shall become null and void, otherwise they
<br />shall retrain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or he three months in arrears in making said monthly payments, of to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor gees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The he Ispuitable Building and Loan Association of Grand Island, Nebfaska,become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />dale of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount dose on said
<br />bund,and any other bond for additional advances, further with all sums paid by said The Equitabk Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and asamnents, and abstraving extension charges, with interest thereon, from date of payment at the maxtinwm
<br />law rate.
<br />As prmrided in the Bond secured hereby, while this norlgage remains in effect the mortgagee may hereafter advance additional stems to the
<br />stokers ref said Bard, their assigns or sucessors in intetest, which sums sliall be willful the security of this mortgage the saute as the funds originally
<br />stewed lhe#eby, the total amount of incip al debt n to ex d at Any time tine original amount of this mortgage.
<br />f
<br />DAW this
<br />ZY
<br />if Itldl - A D.. I9 86
<br />"Clauaia o-Nell!
<br />STATE OF Nf;ls iR SKA. 0 r th �`fj�
<br />�. Olt is �„ J day of / �1f� / 19$6 . IrefOre Ise,
<br />COtiNI'Y Of H, *.I 1 � -
<br />the unxletwyred, a Notary Public in and for said County, personally cans
<br />Michit l S. O'Neill curl Clauuia O'Neill, each in his aril lies am right Will as st�.,Cy
<br />ct each otivr, wno are pterlunally''nown to
<br />me to be the ttkntfcat parr -,a 8 %huge twnte e, djx affixed uI the att<tve °nstr:utrent as mortgagor 8 and tlx:y W' Vealhy
<br />"n,mfeeiged the sash onsourrtoot to he t 'x' .,�'���y� nntatS' +ct au.t 11er.3 .
<br />A lltllAl:t � t r
<br />a 'ter
<br />h,Haty I'rahlta.
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