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<br /> MORTGACIi LOAN N0. 1 22�47R I
<br /> � KNOWALLh1ENI3YTH13SEPRE51iNTS:That Roy Daryl King and Arlene J. King, each in his and her
<br /> OWtI right and as SpoUSe Of edCh other, ��i���gagor,whetlieroneormore,inconsiderationofthesumoi
<br /> _ � Forty Thousand Eight Nundred and No/100----------------------------------------- poL�qtts
<br /> loaned to said mortgagor by The L•quitxble Uuilding and Loan Assnciation of Grand Island,Nebraska,Atortgagee,upon 40$ shares of stock of
<br /> said ASSOCIATION,Certificate No,L 22,4�8 ,du hereby gran[,convey and mortgage un[o the said pSSOCIATION the fo!lowing
<br /> � described real estate,situated in Hall County,Nebraska: � � .� �
<br /> j` " LOT FIVE (5) IN QLOCK FOURTEEN (14) IN
<br /> H.G. CLARK'S ADDITION TO THE CITY Of
<br /> s. '
<br /> GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> AND
<br /> TNE NOR7HERLY SEVENTY-TldO FEET O2') OF
<br /> .� i LOT FIVE (5) IN BLOCK TEN (10) IN ECHIMMER'S
<br /> ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br /> ' COUNTY, NEBRASKA
<br /> °�� ` tugether with all d�e tenements,tiereditaments and appurtenances thereunto belonging,including�ttached(luur coverings,all window screens, � � �
<br /> '�' �rindow shades,blinJs,slonn�sindows,aw•nings,heating,air conditioning,and plumhinc and wutzr equipmrnt and accessuries thereto,pumps,stoves, �
<br /> '•` �. refrigerators,and od�er fixtures anJ equipmznt now or here�(ter att�clied to or used in connection u�ith said real est�te. � . �
<br /> And whercas the said morteagor has agreed and does hereby agree diat thc mongagor sl�ull and will pay all taxes and assessments feried or � . �. �
<br /> ��. assessed upon said premius and upon this murlgase and ihe bond secured thereb��be(ure the same shall become delinquent;to fumish appruved � �
<br /> � �i � in:urance upon thc buildings on said premins situated in the sum uf S�O�8��.�� paya6le w said ASSOCIATION and to deli�•zr to said �
<br /> i� i ASSOClA710N the policies for said insurance;�nd not tu commit or permi�any waste on ur about said premises; � � �
<br /> t�� � In cuse oi default in the pedormance of any of the terms and candilions of this mortgage or tlie bond secured hereby,the mortgagee shall, � . � �
<br /> ' on demand,be entitled to immediate posscssion nl ihe mortgaged premius and the murtgaeor hzreby assigns, translers �nd sets urer to the � � � �-
<br /> � mortgagee all ihc rents,re��enues and incomt to br derived fmm the mor�caced premises during such time�s Qie mortgage indebtedness shall remain
<br /> ^ �. unpaid;and the mungagee shall have the power to appoint any agem ar agcnis it may desire for the purpose o(repairing said premises and renting -
<br /> �'� , the s;imr and collecting the rents,revenues and incomr,and it may pay out of s:uid incume all expenses oi repairing said premises and necessary � � �
<br /> ' commiasions and expenses incuued in�enting and managing the same and o(collecting rentals therefrom;the balance remsining,iC any,to be � � �� �
<br /> �3�� applied towurd the di;charge of said murtgage indebtedness;these rights of the murtgagec may br eserciud at any time during the existence of such
<br /> �� � defaul�,irrespzctive of any tempnran waiver of die same. .
<br /> Thesr Presents,huwerer,are upon the Cunditiou,That if ihe said\lurtgagor sh�ll repay said loan on or befbre the maturiry o(said shaees by �
<br /> payment;pay munthly tu said ASSOCIAT(0\of the smn specified in ihe Nund secured hereby�s interest and principal on said luan,on or be(ore �
<br /> the T��'entietli day of aach and eti�eq�momh,wuil said losn is fully paid;pay all t�xes and assessments levied against ssid premises and on lhis�tortgage
<br /> ? and the Bond sewred thereby,before delinquency;lurnish approved insurance upon the buildings thereun in the sum o(5 4O�8��.QO P�Y�b�z
<br /> y; �, to said ASSOCIATION;repay tu said ASSO(:IATIOV upun dem�nd all money by i�p�id fm such tases,asseuments and insurance wrth interest at �
<br /> , ihe maximum legal rate thcmon frum d�tc o(p�ymcnt all of which�lurtgagor hereby agrees to pay;permit nu waste on said premises;keep and comply - �
<br /> �� �., with all the agrcements and condi�ions of the bond for S�}O,$��.�� this d�y given by lhe said lfortgagm to:aid ASSOGATION,and comply
<br /> f, ��, with all the requirements of the Constimtion and[iy-LaH�s uf said ASSOCIATION;thcn[hese pretents shall become null and void,other���ise they .
<br /> �ii: �, shall remain in full lorce and m�y be f'ureclused at the option uf the said ASSOCIATION �(ter (ailure (ur thcee months to make any of said
<br /> paymcnts or be�hrec munths in u�rcu�s in m�king said momldy payments,ur io keep and romply with the agrecments and conditiuns uf said Bund;
<br /> and Atorigagor�grces tu have a recei�rr appointed torthu�i�h in such foreclusure proceedings.
<br /> If there is any ch�nge in uwnership of�hc real estate mortgagcd herein,by salr ur othenvise,than the entire remaining indebtedness hereby
<br /> secured shall,at the upliun of The F.quitable 6uilding and Loan Association of G�and tsland,Nebraska,6ecome immediately due and payable without
<br /> �� further notice,and the amuunt rem:�ining duc under saiJ bund,and any mher bond for�ny additionnl advances made thereunder,shall,lrom the
<br /> da�e of e�rrcise of s:iid option,bear intercst�t the maximum Iegal rate,and lhis mortgage m�y then be fureclosod to satisfy the amowrt due on said
<br /> bond,and any olher bond fur additiunal adrances,together with all sums paid by said The Gyuitable Iiuilding and Luan Association of GrenJ Island,
<br /> I�ebraska for insurance,taxrs and assessmen�s,and abstracting exiension charges,with interest thereon,Irom datt of payment at the maximum
<br /> legal�ate.
<br /> � As pruvided in the Bond secured hereby,while this murlgage remains in eftec[ the tnortgagee may hereafter advance additional sums to the
<br /> �� , nukers o(said 6ond,their assiens or successu�s in inte�es�,which sums shall be within d�e security of this murtqage the same as the funds originally
<br /> ".� � secured thereby,the total amount of principal debt not to exceed at any time the original amuunt of this mortgage.
<br /> � t3a�ea�y;� 20t�� � �'day of December n.n.,t�76
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<br /> � G'�.�/ / �Y� �
<br /> _ . � ,�l',f-� � � C�r�.«�"� '�' ��.
<br /> 'o�T-King 7 i, /�rTene J. Kin�' ' ,S
<br /> �
<br /> STATE OF NEBRASKA, ss. On this ZQth day uf December 19 ]6 ,beiore me,
<br /> COUNTY OP HALL} � � 1 �
<br /> the undersigned,a Notary Yublic in and(or said County,personall came . ��. �
<br /> Roy Daryl King and Arlene J. King, each in his and 'ner own right and as spouse ofi eac�i other, �fN 'i:
<br /> .��--�-..--, µ'ho dP8 personally knuwn to � . � •
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<br />; . �.t�ie�lu�q,thp,;�nii} e[wn 5 whose name5 are affixad to the abovc instrumcnt as mortgagor S ��� they sccerally � �
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<br />� f/ack�io�vMdgad thesaid in;tmment m be thei r voluntary act�nd deed. �
<br /> k'��� !� � . 'R�I'NESS my hand and Notarial Seal�hc date aforesaid. �
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