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<br />er. of Deeds,'
<br />Hall Countyi Nebraska
<br />MORTGAGE
<br />-L -21829 GI
<br />MORTGAGE LOAN NO.
<br />KNOW ALL MEN BY THESE PRESENTS: That, Darrell Vaughn Ill.ian and Shirley A. Illian, each in -
<br />his an',O'her ok right and'as spouse of-each.other,
<br />Forty Thousand and No/ 00 - ------------ Ai�r!�Mor. whether one or Ln2i�e onside*
<br />in S ---- ration of the sum of
<br />DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Islan&, Nebraska, Mortgagee, upon shares of stockof
<br />400
<br />said ASSOCIATION, Certificate No. L 21829 GI , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real 6state, situated in Hall County, Nebraska:
<br />LOT FOURTEEN C14) AND THE EASTERLY SIXTY FIVE (65)*FEET OF LOT
<br />THIRTEEN (13), IN BLOCK TWO C2)3 IN VALLEY VIEW SUBDIVISION, OF
<br />PART OF THE EAST HALF OF THE NORTHEAST -QUARTER (E -,NE -,).OF SECTION
<br />TWENTY-TWO C22), IN T014NSHIP ELEVEN Cll) NORTH, RANGE NINE (9)
<br />14EST OF.THE 6TH P.M. IN HALL,COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and -appurtenances theiretinto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air.conditioning, and plumbing and water equipment and accessoric.s thereto, pumps, stoves,
<br />iefrigerators, and other fixtures and equipment now oi,ile.reafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agr�ed and does hereby agree that the mortgagor shall and will pay all taxes 'and assessments levied or
<br />assessed. upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in tile sum of 40 000 . 00 - payable to said 'ASSOCI ATI ON and to deliver to said
<br />AS90CIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate 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 time as the mortgage indebtedness shall remain
<br />unpaid; and the -mortgagee shall have the power to , appoint any agent or agents it may desire for the purpose of repairing said premises and reriting
<br />tile same and collecting the rents, revenues and income�, and it may pay out of said income all expenses of repairing said premises and neces§ary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, t6 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, irrespective.of any temporary waiver of the same.
<br />These Presents, however, are upon. the Condition, That if the said Mortgagor shall repay said loan on or before the ma turity of said 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 this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 40 , 000 . 0 paygblc
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments And insurance wi%t 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 �nd comply
<br />with all tile agreements and conditions of the Bond for S Andp�,,&this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />,with all tile requirements of the Constitution and By -Laws oY IATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />arid.Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />furtl--cr notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, frorn'the
<br />date of exercise -of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy tile amount� due on said
<br />�ond, and any other bond for additional advances, together with all sums paid by said Tjie Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at tile ma�inium
<br />legal rate.
<br />As provided in tile 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 inteiest, which sums shall be within the security of tilis mortgage the same. as the funds originally
<br />secured thereby; the total amount of principal debt not to exceed at any time the original amount of this moitgage.
<br />___Dqtcd this. 17th day of September A.D., ig 75
<br />Darrell Vaughn Wian Shirley A.'Illian
<br />STATE OF NEBRASKA, 1.
<br />ss On this 1 7th day of -.September 19 75 before me,
<br />COUNTY OF HALL 7
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Darrell Vaughn Illian and Shirley A. Illian, each in his and her ow I n
<br />right and as spouse of.each other who are personally known to
<br />me to be the identical'person S whose name S are affixed tothe Above ins . trument as mortgagorS and they severally
<br />acknowledged the said instrument to'be flietr voluntary act and deed.
<br />NI.tarial Seal the date aforesaid.
<br />M �, 60, � W, � il i 0"A rexr P It
<br />"'y 1-�Notary Public
<br />November 12, 1975
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