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86-- 103948
<br />MORTGAGE
<br />MORTGAGE LOAN NO. _ L 24,547
<br />KNOWALI. MEN BY THESE PRFSf:NTS: That Bradley L. Shanahan, a single person,
<br />----- - - - - -- Mortgagor, whether one or more, in consideration of the sum of
<br />4wenty -Two Thousand and no /100---- - - - - -- ----------------------------
<br />-. ° -- . ------ -_ - --- — -- -- — - - - - - -- ---- - - - - -- _._ —_. DOLLARS
<br />k>attd to said mortgagor by The l;quitabk Building and Loan Ass<x-iation of (;,anti Island, ?Nebraska. Mortgagee, upon 220 shares of stock of
<br />said ASSOCIATION, C'ertifiu - ate No. 1, do hereby grant o,uvey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in [fall County. Nebraska:
<br />Lot Thirty -Six (36), in First Addition to Holcomb's Highway Homes, a
<br />Subdivision of part of the Northeast Quarter of the Northeast Quarter
<br />(NEyNEw) and part of Lot Four (4), Mainland, all in Section Twenty -Eight
<br />(23), Township Eleven (li) North, Range Nine (9) West o?' the 6th P.M"
<br />Hall County, Nebraska,
<br />together with all the tenements, heieditaments 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 at tached to or used in i. nmcclvon with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor s` Al and wi:l pay all taxes and assessments levied or
<br />assessed upon said premises and upon this morigage and the bond secured ttherchl before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings an said premtks situated in the sum of ; 22 ,;;20 , 00 Flyable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance, and nut to commit or permit at;y waste on or about said premises;
<br />in case of default in rile performance of anv it( the terms and conditions of this mortgage or the bond wcured hereby, the mortgagee shad),
<br />on demand, he entitled 1n immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the norfPFcd premises during such time as the mortgage indebtedness shall re-train
<br />unpaid; and the mortgagee shall hAw the power ice appoint any aKem or agcnts it pray drstre for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues arid inamre, and i3 Stay pay out of :ard income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing file same in.] ul collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the dischaige of said rnorlcage tndehretlnes�. these rights of the mortgagee may he exercised at any time during the existence of such
<br />default, irrespective of any icropotary waive, of the sallw
<br />These Presents, however, are upon live ('ondnton, That if the sari lklorieagol shall repay e;id Loan ern or before the maturity of said shares by
<br />payment; pay monthly to sand ASSOCATION cif he Burn specified in the Rand secured herchv as Interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, unlit said loan is fully paid; pity All takes and assessments levied against said premises and on this Mortgage
<br />and the Bind secured thereby, before dedmquer:cy. furnish approved msmartce upon the buildings thereon in the sum of $ 22 , 000. U0 payable
<br />to said ASSMATION: repay to said ASSO('IATION upon demand all noney by tt paid for such taxes, assessments and insurance with interest at
<br />the maximum legat rate thercun front date of payment all of which Mortgagor iieai•,y at to pay; perm t no waste on said prermses;kcep and comply
<br />with all the agreements and condirnvrs of the Rine€ for S 22 , 000.00 this day given by the said Mortgagor to said ASSCX IATION, and comply
<br />with all the requirements of the Constitution and By -taws of said ASSOCIATION. then these presents shall become null And void, otherwise they
<br />shah remain in full force and may he foreclosed at the option of the said ASS(X:iATION after failure for three months to make any of said
<br />payments or be three months m arrears in making said nxn[hiy payments, or [o keep and comply with the agreenienis and conditions of said Gond;
<br />and Mortgagor Apices to have a receiver appointed forthwith m 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 shag, at the option of The Equitabic Building and Loan Association of Grand Island. Nebraska. become immediately due and payable without
<br />further notice, an m
<br />d the amount remaining due under aid bond, and any other bond for any additi onal advances made thereunder, shalt, from the
<br />date of exercise of said option. bear interest at the maximum legal rate, and this mortgage may then to 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 Fquitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assiessrnents, and abstracting exteustor: char
<br />Legal rule, ges, with interest [hereon, from date of payment at the maximum
<br />As provided in the Bond e:uned hereby. whale this mortgage remains m effect the mortgagee :ratty hi!XafLet advance additional sums to the
<br />makers of said Bind, their assign> .a iiccrw," viii interest, which sums shall be. wrhrn ?he lecu;'4 of this mortgage the cattx as the funds originally
<br />secured thereby, the total amount of principal debt net to exceed at any inn«: !lie orgIna; amount c.f this nnortKage.
<br />Dated this 9th day of
<br />Jt11V A i).dv 5b
<br />Bradley I 'iianahaan
<br />STATE 0P NI'BRASRA,
<br />- On this 9th day . f JU I1' € a -b before me,
<br />COUNTY OF ELALI,
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