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<br /> 76- 00?91'7
<br /> MORTGAGE
<br /> MOItTGACIi LOAN N0. � 22,�53 _
<br /> KNOWALL�1f:NUYTFI�SL'PRESC:NTS:That Kenneth E. Hilligas and Ramona R. Hilligas, each in his I
<br /> and her own right and as SpOUSC Of edCh Othel', Mortgagor,whetheroneormore,inconsideratlonoCthesumof
<br /> � Twelve Thausand Eight Hundred and No/100-------------------------------------------po��nas
<br /> loaned to said murtgugor by The Hqultabla Building ond Loan Assuciation of Grand Island,Nebrailcu,Mor�gagee,upun �Z8 shures oF smck u(
<br /> said ASSOCIATION,Cedificalc No.L 22,153 ,do hcreby grunt,convey �nd nwrtgogc unto the said ASSOCIAI'ION lhc foilowing
<br /> described real estate,situntcd in Hail County,Nebrnska:
<br /> LOT ONE (1), IN BLOCK NINETY-THREE (93),
<br /> IN THE ORIGINAL TOWN, NOW CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEDRASKA.
<br /> togelher with ail the Icnemen�s,iiercditaments and appurtenances thereunto 6elonging,including attaclmd�uor coeerings,all window ureens, .
<br /> winduw sl�ades,blinJs,storm windows,a�vnings,heating,air cunditioning,and plumbing and water equipmrnt anJ accessocies thercro,pumps,stoves,
<br /> rcfrigerators,and other fixtures and equipment now or herea(ter attached to or used in wnnectioi�with said mal eslate. �
<br /> And whereas the said mortgagor h�s agrecd and does hcreby agrce that the mortgagur shall and wili pay all taxes anJ nsxssments levied ur � �
<br /> asussed upon said prcmises snd upon this mortgage nnd�hc bond secuced therebv beforc ihe s�me sliall bewme delinquent;ro fumish approved
<br /> insurancc upon the buildings un said premises:ituuted in the sum of S �2,800.0� payable m said ASSOGATION and ro deli�er to said
<br /> ASSOCIATION thc policics for said insurance;and not to wmmit or permi�any waslc on or abuut said pmmises;
<br /> �. In case uf de(ault in lhe performana of any uf the tenns and condiiions u(this murtgage m the bond uwred hereby,lhe mortg�gee shatl, � �
<br /> . on demand,be entilled to immediatc pussession of�hc murigaged premises and ihc murtgagor hercby xssigns, transfers and sots ovcr to thc . �
<br /> '� mortgagee all the rcnts,revenues and income l0 6e derived from tLe mo�lgaged premises during sudt timc as Ihe mortgaga indebtedness shall remain . �
<br /> ' unpaid;and thc murtgagae shall have tho puwcr to appoint any agent ur agents it may dcsirc(or the purpose uf rcpairing said prcmises and renting �
<br /> the same and collecting the renis,revenues and income,and it may pay out of said income all expenses uf repairing said premises and necessary �
<br /> cummissions and cxpenus incurred in renting and managing the same and uf collecting rcntals thereCrom;the balance mmaining,il any,to be
<br /> applied loward Ihe discharge o(said mortgage indebtedness;these righls of�he nwrtgaEce may be e�ercised at any time during tlu existenca of such
<br /> � default,ir�espective oC any temporary waivcr o(the same. � �
<br /> These P�esems,howevcr,are upon the Condilion,That if lhe said Atorlgagor shall repay said loun on or befure tht mawrity uf said shares by �
<br /> payment;pay monthly lo said ASSOCIATION o(the sum specified in Ihe Bond secured he�eby as interest and principal on said loan,un ur before -
<br /> the Twentieth Jay of cactt and ceery month,until wid loan is fully paid;pay all taxes�nd assessments levied sgainsl said premises and on tttis Murtgabc
<br /> a and the f3ond sewred ihereby,before dclinyuency;furnish appmved insu�ance upon the huildings�hc�eon in the sum of 5�Z�$Q�.QQ r��•�nt�
<br /> � � lo mid ASSOCIATION;repay to said ASSOCIA'IION upon drmanJ all nwney by ii paid(ur such taxcs,assessmcnts and insurance with in�erest at �
<br /> s ` the maximum legal rate thereun from date uf paymenl all of wl�ich�iortgagur hereby agrees�o pay;permit no waste on said premises;keep nnd comply � � �
<br /> � ' with all the agmements and conditions o(die f3ond fm S �2�$�Q.�Q this day given by the said\fongagor tu said ASSOCIATION,and comply
<br /> wilh all Uie reyuirements ut the Conslitulion and Uy-Laws of said ASSO('IATION;then these prrscnte shall become null und euid,othenvise thcy �
<br /> {; � shall remain in full force and m�y be foreclouJ at the uption of ihe said ASSOCIATION after lailure ibr tluec munths w make any of said �
<br /> � payments ur be three muntlis in arrears in making said monthly payments,or tu keep anJ cumply with the agreements and cundi�iuns uf said Bund;
<br /> and Mortgago�agrees�u have a receiver appointed forthwith in mch foreclosure proccadings. .
<br /> II'�here is any change in ownership of thc real estate tnorigaged hcrein,by vle or othenvise,then the entire rcmaining indebtedness hereby
<br /> secured shall,al the oplion uf The Gyuitable Eluilding and Loan Assuciation oC Grand Island,Ncb�aska,becume immcdiately due and paya6le withuut
<br /> (urther notice,and lhe amount remaining due under said bond,and any o�her bund(or any additional advuntts made thereunder,shall,tiont lhe
<br /> �: date of exorcise of said option,bexr interest at the maximum legal rate,and this mortgage m�y then be foreclused to satisfy tht amount due on saiS
<br /> ; bund,and am o�hc�bond fur additionnl advances,together with all sums paid by said The Gquitable Building and Loan Association o(Grand Island,
<br /> Ne6raska for insurance,taxes and assessments,and abstracting extension ch�rges,wi�h intercst thereon,1'rom date o(payment at the maximwn
<br /> Icgal�atc.
<br /> , As providcd in lhc Bond sccured hcrcby,while lhis nwttgagc remains in effcct thc morlgagce nwy hnmafter advance additional sums to the
<br /> makers of saiJ Dond,their auigns or tuccessms in interest,which sums shall be within the security of this tnortgage Ihe same as the funds o�iginally
<br /> � .� secured thereby,the total amount oC principal debt not to exceed al any time the original amaunt cf this mortgage.
<br /> ; oa�ea a��s 28th a�y�r May f;�>n.,i� 76 j
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<br /> ��. 'i�'_1'✓/Ce.�G�/_� i'J�..CL�c.a1-�-L.�- I�.�_>> ,L, ��7 � �C�'i� r 1
<br /> Kenneth E. Hilligas Ramona R. Hilligas �'
<br /> � STATE OF NEORASKA,�u p���his 2HtI1 '
<br /> day of May I'I�6 ,be(ore me,
<br /> COUNTY OE HALL y�
<br /> the undetsigned,a Notary Public in end!or said Cuunty,persm�ally came � � ..
<br /> Kenneth E. Hilligas and Ramona R. Hilligas, each in his and her own �ight and as s�ouse of ev .,
<br /> �, 2dCh other, ���� dre Fersun lyknownto �, �
<br /> me tu be the identical personS whose name 5 dre affixed to the a6uvc i ment as mortga6ur g and they scvemlly I �
<br /> ,d'.`�.`
<br /> acknowledged tha said instrumrnl to be thei r voluntsry act and deed. //�/ (w.���
<br />�;. WITNLSS my hand and Notarial Seul thc dam a(orasaid. �% ��/1 / . �...' �.
<br />� Afy Commissiun expires / � �� J!%%!�'�\� ..
<br /> ki;,� `-� - �i� \ �otary�
<br />� 3732M � . . . . .. .`
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