|
86... 105841
<br />1011MGAGE
<br />MORTGAGE LOAN NO.._J._�fi:f�_�__
<br />KNOW ALI. MEN BY THESE PRESENTS; That Robert J. Clark and Laurie A. Clark, each in his and
<br />her own r ight and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />�lfty �Th9. .W9s1[1S�_EIY�_H1dll�r��s�114f_ Ill _l(Z2_ -------- ---------- - - - - -- ------------ WLLARS
<br />lusted to sod onortgasor by The Equitable Building and Loan Aauciation of Grand Island, Nebraska, Mortgagee, upon 515 shoes of stock of
<br />sod ASSOCIATION, Certificate No. L 24, 636 . do hereby grant, convey and mortgage unto the said ASSOCIATION the following i
<br />described real estate, situated iii Hall County, Nebraska:
<br />Lot Two (2), Block Two (2), Southern Acres Addition to the
<br />City of Grand Island, Hall County, 'i?braska.
<br />together with Al the tenements, hereditaments 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 rmrrigagor shah and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bend secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 5 51 , 500.00 payable to said .ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance ; and not to commit or permit any waste on or about said premises;
<br />In me of default in the performance of any of the terms and conditions 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 the rents, revenues and income to be derived from the mortgaged premises during such lime as the mortgage indebtedness shalt remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting i
<br />tlse same and collecting the rents, revenues and income, arced it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions 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 Al
<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 matwity of said shoes by 1
<br />payment: pay monthly to said ASSOCIATION of the sum specified in the Hind secured hereby as interest and principal on sail loan, on or before
<br />the Twentieth day of each and every ninth, 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 $ 51 , 500.00 payable
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand all money by it paid for such taxes, 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 premises; keep and comply
<br />with all the agreements and anditwas of the Bond for $ 51 500.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain 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 be three maths in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees 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 othei wise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due tender said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be 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 I:quitsble Budding and loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigru or successors in interest. which sums shall be within the security of this mortppge the sane as the funds originally
<br />secured thereby, the total anaennt of principal debt not to exceed at any time the original anwunt of this mortgage .
<br />t this day of A. t) -. 19
<br />J
<br />STATE OF NEBRASKA, sa. On this day of 19 to _ before me,
<br />COUNTY OF IIAI.I.
<br />the undersigned, a Notary Public in and for said Counts, pcisonally Cattle
<br />Hobert J. Clark and Laurie A. Clark, each in Otis and her owls r i f-h? w�io iraspoou,3,- of known ro
<br />Each other,
<br />me to be the identical person s whose name tire; alfixcd to the above instrument is ntottpagor ;s and t htNV severally
<br />acknowk�ed ttie said instrument to rM t Wd r voluntary ace and Bred.
<br />IAi12lI:CS��yyb llse (late alineserd
<br />.�f,r
<br />i
<br />-a Ale Comm fop 1>et i1. 1981 V.itan Pilhh,
<br />font" ate
<br />
|