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<br /> MORTCAGE —
<br /> MORTGAGE LOAN NO. �— Q
<br /> i KNOW ALL MEN BY THESE PRESENTS:That H. Frankl i n Ki nq and Frances M. Ki na each i n hi s dlld
<br /> her own right and as spouse of each other
<br /> � � � � � Mor[gagor,whether one or more,in consideration of the sum of � .
<br /> 7wenty,Nine Thousand Five Hundred and NO�ZOD-------------------------^----"---'—'DOLLARS
<br /> � � loaned to said.murtgagor by The Equitable Building and C.oan Association of Crand Island,Nebraska,Mortgagee,upon 2�5 shares of stock of . . �� ��
<br /> � said ASSOCIATION, CertiFcate No. L 22�83� ,do hereby grant, convey and mortgage unto the said ASSOCIATION the foilowing � .
<br /> described real�esta[e, situated in Hall County,Nebraska:� � � . � �
<br /> LOT FIVE (5} IN BLOCK ONE (1) IN WESTERHOfF'S SECOND SUBDIVISION,
<br /> BEING A RESUBDIVISION OF THE SOUTH HALF OF BLOCKS THREE (3) AND
<br /> FOUR (4) AND THE NORTH HALF OF BLOCKS FIVE (5) AND SIX (6)
<br /> WESTERHOFF'S FIRST SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA.
<br /> � � together with all ihe tenements,hereditaments and appurtenances thereunto belongi��g, including attached floor coverings,all window screens, �
<br /> � window shndes,btinds,storm windows,awnin�s,heating,air conditioiring,and pluinbing and waterequipmentand accessories thereto,pumps,stoves, .
<br /> refrigerators,and other f x[ures and equipment now or hereafter attached to or used in conncction with said real estate. �� � �
<br /> And whereas the said murtgagor has agreed and does hereby agree that [he morlgagor shall and will pay all taxes and assessments levied or � �
<br /> � assessed upon said premises and upon this mortgage and Qte bond secured thereby betbre the same shall become delinyuent;tu fumish approved
<br /> � insurance upon the buildings on seid premises situated in the sum of 5 Z9�5n�.Un payable to said ASSOCIATION and to deliver to said � �
<br /> � ASSOGATION the policies for said insurance;xnd not to commit or permit any waste on or about said premises;
<br /> � ln case of default irt the performance of any of the terms and conditions of this mortgage or tl�e bond secured hereby,[he mortgagee shalt, � �. �
<br /> � � �on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets uver to the .� . � �.
<br /> . mortgagee all[he rents,revenues and income to be derived frum Uie mortgaged premises during such time as the mortgage indebtedness shall remain � � . �
<br /> . unpaid;and the mortgagee shall h�ve the power to appoint any agenc or agents it may desire for the purpose of repairing said premises and renting . � �
<br /> . the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary .. � �
<br /> � cotnmissions and expenses incurred in renting and managing the same and of collecting ren[als [herefrom: the balance remaining,if any,to be � .
<br /> appiied toward the discharge of said mortgage indebtedness;these rights of[he mortgagee may be exercised at any time duzing the existence of such � . � . �
<br /> - default,irrespective of any temporary waiver of the same.
<br /> � � These Yresents,however,are upon the Condition,That if the said�lurtgagor shall repay suid loan on or before the maturiry of said shares by �� .. . � .
<br /> �� � payment:pay monthly to said ASSOCIATION of the sum specit'ied in the Bond secured hereby as interest and principal on said loan,an or before . � �
<br /> the Twentieth day of each and every month,until sxid loan�s t ully paid;pay all taxes and assessments levied agxins•t said premises and on this Mortgage . . � �
<br /> H � and the Bond secured thereb befure delin uenc fumish a pon the buitdings tliereon in the sum of$ 29 s 5��,�� payable �� . � .
<br /> y, q y; pproved insurance u .
<br /> � to said ASSOCIATION:repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interes[at � � �
<br /> the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pey;permit no waste on said premises;keep and comply � � . . � �
<br /> . with a0[he agreements and conditions of the Bond for$ 29�5QQ QQhis day given by the s;iid Mo:tgagor to said ASSOC1AT10N,and comply � � � .
<br /> wi[h all the requirements of:he Cons[i[ution and By-Laws of said ASSOCIATION; then these presenis shall become null and void,otherwise they �
<br /> shall remain in full force and may be foreclosed at the uption of the said ASSOCIAT[ON afrer failure for three months to meke any of said .
<br /> payments ur be[hree months in arrears in making said mondily payments,or lu keep and comply with the agraements and conditions of said Bond; � .
<br /> � and Mortgxgor agrees to hxve a receiver appuinted forthwith in such foreclosure proceedings. . �
<br /> � � [f there is any change in ownership oC tlie reat estate mortgaged herein,by sale or otherwise, then ehe entire remaining indebtedness hereby � : � .
<br /> �� secured shall,at the option of The Equitable Building and Loan Associetion of Grand Island,Nebraska,become"vnmediately due and payabie without � �
<br /> further notice, and the amount remaining due under said bond, and any other bond for a�y additional advances made thereunder,shall,from the �� � �
<br /> date�of exercise of said option,bear interest at the maximum]egal rate,and this mortgage may then be foreclosed to satisfy the amount due on said �
<br /> bond,and any other bond for additional xd�rances,together with all sums paid by said The Lquitable Building and Loan Association of Crand Istand, �
<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 assigns or successors in interest,which suins s}iall be within t}�e security of this�nortgage the sarne as the funds originally
<br /> � secured thereby,the to[al amount oC principal debt not to exceed at any time the original amount of this mor[gage. �
<br /> H.—�n �ea � 29� Y�e September A.D.,i977
<br /> n �C�ng �
<br /> Frances M. King
<br /> BTATE OF NEBRASKA, � On tMs 29th day of September 19 7� ,before me, � '
<br /> COU�ITY OF HALL� _4 Ts � "'���^
<br /> � the undersigned,x Notary Public in and for said County,peru�nally a;ame q �
<br /> H. Franklin King and Frances M. King, each in his and her own right and as spouse flf each ,
<br /> L Other w1�� are personally known to ,
<br /> ���me to.be[he identical peison S whose name S hc"2 affixed to the above ins en[a ortgagorS and they severally � ��
<br /> � � ��acknowledced xhe said instrument to be thei r voluntary acx and deed. t ,/�" �
<br />� � � �WiTNESS mv hand�and Notarial Seat die date aforesaid. \ '� . ,.( f
<br /> Y.µ_T„+�_.My Commsssion expires //� �s��/_/ ��'�—L-^
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