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<br /> �tORTCAGf I.OANNO..(��?7$ �i�C
<br /> IhNOWALLMfNDY71ICSGPRfiSI:N7'S:That Timothy J. Keller and Gail H. Keller, each in his and her
<br /> own right apd as spouse of each other,
<br /> �iortgagor,wLetltcr unc or more,in cunsideralion ot the sum of
<br /> Thirtv one Thosuand Five Hundred dlld NO/�OO----------------"—"—'--""—""""" DOLLARS
<br /> loaned tu said mortgagor by The Gyuiluble Building and Luan Association of Cmnd Island,Nebraska,Aturtgngee,upon 315 shaces uf stock uf .
<br /> said ASSOCIA'fION,Ccrtifiaite �o.L 22228 MGIC��O��ereby grant,convey and mortgage wtro the said ASSOCIAT[ON the following
<br /> Jcscribed reul�slate,situated in Flall Counly,Nebraska:
<br /> THE SOUTH SIX (6) FEET OF LOT SEVEN (7) AND
<br /> ALL OF LOT EIGHT (8) IN BLOCK TEN (10) IN
<br /> WEST PARK ADDTTION TO THE CITY OF GRAND
<br /> ISLAND, NEBRASKA.
<br /> � iogether wi�h all the tenements,hereditamen�s and appurtenances thereunto helonging,including attached Iluor roverings,all window screens,
<br /> windwv sbades,blinds,stonn e�induws,awnings,hzating.�u conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> � refrigeralors,and other lutures and eyuipment nuw or hercafter attached to or used in cunnectiun with said real estate. �
<br /> � And whereas the suid murtgagor has agreed and docs hereby agree di�i the mungagm shall and will pay all taxes and assessments levied or
<br /> assessed upon seid premises�nd upun this mongage anti the bond secured�hereby 6eiure the s�me shall become delinquent;to(umish approved �
<br /> insu�ance upon�he buildings on said premises siwated in the sum of S 31.�500.Q� payable to said ASSOCIATION and to deliver lo said
<br /> F ; ASSO('IATION the policies for said insurance;and nut tu commit or permit any waste un ur�bout said peetnises; .
<br /> In case uf default in the par�v�mance of any uf ihe terms and conditions of this mu�tgage ur the bond secured hereby,the mortgagee shall, �
<br /> un demand,be entiUed tu immediaie pwsessiun uf d�c mortgaged premises and the mur[gagor hereby assigns, trans(ers and sets over to the
<br /> mongagee all the renu,revenues and incume to be dzrived from the mortga�ed premises during such time as the murtgage indebtedness shall remain
<br /> � unpaid:and the mortgagee shall hava�he power tu appuint any agent ur agcn�s it m�y desire for thr purpose o(repairing said premises and centing .
<br /> the sime anJ culleeting the rents,re�•enucs and inmrne,anJ i[may pay uut uf said incume ali expenses u(repairing said premises and necessery
<br /> commissions and eapenses incurred in renting and man�ging lhe s:�me and ul coll��cting rentals �herefrom; the balance remaining,if any,to be .
<br /> $' � spplieJ toward the discharge of s�id mmtgage indeb�edness;the>a�ights of ihe mur�gagee may be exercised a!any time during the exis�ence of such � -
<br /> default,irrespective u(any temporap•waiver uf the same.
<br /> ? �� Thcsc Preunt�,howevar,�rc upun the Cundiiion,'(hat if the said 11or�gagur shall repay said luan on or befure�he maturity of said shares by
<br /> � paymant:Pay mond�ly io said 1SSOCIATION uf�he sum spacified in the liond secured hereby as intarrst and principal un said luan,on or beCorc
<br /> �� the T��'eniieth Jae of each�nd evcry mumh,until s�id loan is lully paid:pay all t�xes and ass�ssmems levied against said premises and un tl�is Mortgage
<br /> t'. and ihe flond secured thrreby,be(ure Jclinyucnn�;lumisli approved insurance upun the buildings tliereon in the sum uf S 3��5��.0� p�)'able
<br /> i tu�id ASSOCIATION:repay tu said:1SSOC1,�7'10'�upon demand all nwnry by i�p�id lur such t�xes,�ssessmcnts and insurance with intercst at �
<br /> the maximwn legal ra�c thereun from date u(paymcnt:dl of wl»ch!+lurtgagur hercby acrees to pay;pem�it nu waste on s�id premises;krep and cumply
<br /> i wi�h�II�he agreemems and conditiuns uf�he Ifond fur$ 3��SQQ.QQiis day git'en by the said�longagur w said ASSOCIATION,and cumply
<br /> with all the�eyuircmems uf the Cuns�itution and 13y�Lau's of said ASSOCL1T10\;then these preseNs shall berome null xnd void,othenvise they
<br /> � shall rentain in full force and may be fureclused at tlie uptiun u(Uie s�id ASSO('IATION a(ter failure for threc munths to maka uny uf said
<br /> � payments ur be three munths in 8RL`;IfS III p18IC111�S:iIII IIIUI11IlI\'P�)7IlCIlIS.U[W k�ep and cumply u�ith the ag�eemen[s and cunditiuns ol said Uond:
<br /> and 6lurtgagur agrees to hare a receiver appuinleJ furth���ith in such Ibreclusure pruceedings.
<br /> : If diere is any change in owucnhip of the rcal es�ale motigaged herein,by sale or othenvise,then the entire remaining indebtedness hereby
<br /> secured shall,al the optiun uf"!he Gyuitable Iluilding and Luan Assuciation uf Grand Island,Neb��ska,become immrdiately due and payable without
<br /> furl6er nutice,und the amount remainin�;duc unJer said bond,and any other bond 1'ur any addition�l advances made thereunder,shall,(rom tl�e
<br /> S date of exerciu u(snid uption,bcur interes��t thr maximum legal rate,and this nwr�gage may then be Curoclused lo satis(y the amuunl due on said
<br /> bund,and any other bond for additiunal advancrs,together w•itl�ull sums paid by said'[he I:yuit�ble Uuilding and Loan Associatiun of CranJ Island,
<br /> Nebrask�fnr insurance,taxes and asxssmen�s,and abstr�cling extensiun diarges,with interest thereon, from date of payment at the maximum
<br /> Icgalrate.
<br /> As pruvided in Ihe Bund secured hereby,wliily diis monEage remains in ef(ect�he murtbagee may hereafter advance additional sums W tho
<br /> � m�kers uf said Uund,their assigns ur successurs in interest,whicli sums shall bz within Ihe security uf thii mortgage the ssme as the funds oriyjnally
<br /> - securcd ihereby,the total amount uf principal drbt not ta crcerd u��ny time the original amount of this mortgage.
<br /> n�<<�a,i��� 6th a�y �r July ,�.n.,i��76
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<br /> ��"_=���.> l��' �,�//!,-� ` _:�1'l,� �,. �'✓. J.,C �F',
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<br /> Timotny � ,.e ai H. Ke er
<br /> SSATE OF NGBRASKA, ss. On this 6th �aY��� Jul y 19 J( .befure me,
<br /> COUNTY O}=HALL� I . ,
<br /> � the undersigned,u Notary,Public in and Coe said County,persunall came . � y+.���
<br /> Timothy J. Keller and GAiI H. Keller, each in his and her own right and as spouse of eac�h N „
<br /> other, �°�1O a re personallyknowntu � ;
<br /> lme lo be the iJentical person S whose name g affixed to lhe abure instrumeul as mortgagor S �nd th ,se�'erally � ._
<br /> acknuwledged the said instmment�a be thei r vulunta�y act and Jeed. � �� �
<br /> 14'IT'N(SS my hand and tiutarial Se�d iha date a(oresaid. � �
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<br /> My Cummissiun expirc �
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<br />:� . / . . s__i���. ' . '�`-/ � � '�utary Public �
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