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<br /> refiled to show signature of Frances M, King � �
<br /> �.�'.�.�".��'�. ��-(��15'�2� _
<br /> MOR'rcaGE Corrective Mortgage
<br /> MORTGAGE LOAAt NO. � > O
<br /> � KNOW ALL M8N BY THESE PRESENTS:That H. EY'3t1k�1 tl K1 tlg and Frances M. Ki ng each 1 n hi s dild �
<br /> ; her own right a�d as, spouse of each other
<br /> 1 � ' � �� � � �� � � � � � � � �� � Mortgagor,whether one or more,in consideration of the sum of .
<br /> � Twen-iy Nine Thousand- Five Hundred and No/100--------------------------------------�LLAxs
<br /> 4 � .. � .� . . � �� �� � � .
<br /> loaned to said mortgagoi by The Equitable Building and Loan Association of Grand Islxnd,Nebraska,Mortgagee,upon 29� shares of stoek of
<br /> i said ASSOCIATION,CertiCicxfe No.L 22,83� ,do hereby grant, convey and mortgage unto the said ASSOCIATION the Following
<br /> described real estate,situated in HaI1 County,Nebraska:
<br /> LOT FIUE (5) IN BLOCK ONE (1) IN WESTERHOFF'S SECOND SUBDIVISION,
<br /> t
<br /> BEIN6 R RESUBQIVISION QF TNE SOt1TN HAZ� t?P BLOCKS THREE (3) RND
<br /> FOUR (4) AND THE NORTH HALF OF BLOCKS FIVE (5) AND SIX (6)
<br /> WES7ERHOFF'S FIRST SUBDIVISION IN THE CITY OF GRANU ISLAND, HALL
<br /> � COUNTY, NEBRASKA.
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<br /> � . �together with all the tenements,hereditaments and appurtenances ihereunto belonging,including attached iloor coverings, all window screens, �
<br /> � window sliades,blinds,storm windows,awnings,heating,xir conditioning,and p]umbing and water equipment and accessories thereto,pumps,stoves,
<br /> refrigerators,and other Cxtures and equipment now or hereafter attached to or used in connection wi[h said rea]estate.
<br /> � . And�whereas the said modgagor has agreed and does hereby agree tha[ the murtgagor shall end will pay ali taxes and assessments levied or
<br /> � assessed upon said premises and upon this mortgage and the bond secured thereby betbre the same shall become delinquent;to furnish approved .
<br /> � ? �. .insurance upon�the bueld'uigs on szid geemises situa:ed in tk:e sum ot$29�5��.UQ payable to said ASSC�3A'I'iON and to deliver tu said �
<br /> ?�� �. ��ASSOCIATION xhe policies for said insurance;and not to�commit or permit any waste on or about said premises; � . . �
<br /> �o� � � In case of default.in the performance of any of the terms and conditions of tltis mortgage or the bond secured hereby,the mortgagez shall, � .
<br /> �on�demand,be entitled to iinmediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets�over to the .
<br /> � � �mortgagee all�the rents,revenues and income.to be derived from the mortgaged premises during such tune as the mortgage indebtedness shall remain � .
<br /> � � unpaid;.and the mortgagee�shall have the power to appoint xny agent ot agents i[ may desire for the purpose of repairing said premises and renting . .
<br /> , � ihe same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary
<br /> � � .. � commissions and�expenses�incurred in renting and managing the sarne and of collecting rentals therefrom; the balance remaining, if any,[o be . �
<br /> �' : applied�toward the�discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such �
<br /> � � default,iirespective of any temporary waiver of the same. � . .. �
<br /> � �These Presents,however,are upon the Condition,That if the said hlortgagor shall repay said loan on or before the maturity of sxid shares by . .
<br /> �payment;pay monthly�to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> � �..��.the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on xhis Mortgage ���
<br /> ` �and ihe Bond secured thereby,6efore�delinquency;furnish approved insurance upon ihe buildings thereon in the sum of$ 29 a 54�r 0� payable �. �
<br /> � . �to said ASSOCIATION;�xepay to said ASSOC(ATION upon demand all money by i[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 condiNons of�he Bond for$ 29�50Q Q(�his day given by the said Mortgagur to said ASSOCIATION,and comply � .
<br /> with all the requiremenxs of the Constitution and ByLaws of sa�d ASSOCIATION; then these presents shall become null and void,otherwise they
<br /> shall remain in full fvrce and may be foreclosed at the option of the uid ASSOCIATION efter feilure for diree months to inak�any of said
<br /> payments or be three months in arrears in making said monih]y payrnents,or to keep and compiy with the agreements and cunditions of said Bond;
<br /> �� .�.and Mortgagor�agrees to have a receiver appoinied for[hwith in such foreclosure proceedings. � � � � .
<br /> ii there is any change in ownership of the rea]estate mortgaged herein, by sale or otherwise,then the entire remaining indebtedness hereby
<br /> � seoured shalT,at the option of The Equitable Building and Loan Association of Giand Island,Nebraska,become immediately due and payable without . � .
<br /> � . �further notice,�and the amount remaining due under said bond,and any uther bond Cot any addi[ional advances made thereunder,shall,from the � �
<br /> � �� � date of exercise of said option,bear�inierest at the maximum lega!rate,and this mortgage may then�be foreclosed to satisfy the aznount due on said �
<br /> bond,and any oi2�er bond for additi�nal advances,together witli all sums pxid by said The Equitable Building and Loan Association of Grsnd Island,
<br /> Nebraska fox 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 Sond 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 sums shall be within the security of this mortgage the same as the funds originally �� � � � � � �
<br /> secured thereby,the total amount of principal debt nat to exceed at any xime the originai amount of this mor[gage.� � � � �
<br /> ��n tea �s 29t� , y of September a.D.,iy77
<br /> ,� ,�` ,.., .�..a
<br /> 4 Hy;�` fi k i�
<br /> Frances'M. King r
<br /> STATE OF NEBRASKA,� 29th Se tember
<br /> t ss. On this day of P 19 �� ,before me, � �.,�
<br /> COUNTY OP EIALL
<br /> i � � ' � � the undersigned,a I3otary Public in and for said County,pezsonally came . ��' ., +m` �
<br /> �i. Franklin King and Frances M. King, each in his and her own rig ht an d as spouse of each
<br /> � OtheY, -�.. ' .�� ... . .. . � . who� d�^e personallyknownto � ��
<br /> me to be the identical person S whose name 5 dY'2 affixed to the a6ove ins ent a ortgagorS and they u�e��y =�� .�
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<br /> ; acknuwledged the aaid inatrument to be th27 1' � voluntary act and deed. . L-- � � � , =�u�� V
<br /> WLTNESS my hand and Notar�al Seai the date aforesaid. "�� , I%'i'��
<br /> My Commisvon expires
<br /> �.�.i� 4 GF++r��l N�7�n .�: r ,+,� � ��''v�'�'y���� .. �. � .. � Notery Puhlic � . .
<br /> ' 2t�lu JAMES W t, 'UN �" ""—�• /r� ��T �-�'J �-f� .
<br /> � my Comm_c.xv.hn�,lG,1979 � l �
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