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Filed f ecord��/ at B ok Z 71'
<br />10* 2 P . a g e. o!
<br />Je n Fisher, Register of Deeds,
<br />Hall Courity, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21859,
<br />KNOW AtLMEN BY THESE PRESENTS: That -James R. Walker and. Kathie A. Walker, each.in his and her
<br />own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty-four Thousand and No/100 ------------------------ :� ---------------------- ------ - OLLARS
<br />loaned to said mor.tgagor by The Equitable Building and, Loan Association of Grand Island, Nebraska, Mortgagee, upon 240 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21EL59' do'liereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in I -Jail County, Nebraska:
<br />LOT ONE (1) IN BLOCK NINE (9) IN DILL AND
<br />HUSTON'S ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA, AND THE WEST
<br />ONE-HALF OF SAID VACATED BETA STREET ABUTTING
<br />THE EAST LINE OF BLOCK NINE (9) IN DILL AND
<br />HUSTON'S ADDITION FROM THE SOUTH LINE OF IENIH
<br />(10TH) STREET TO THE SOUTH LINE OF SAID DILL'
<br />AND HUSTON'S ADDITION, CITY OF GRAND ISLAND,i'
<br />HALL COUNTY', NEBRASKA,.
<br />together with all tile tenements, licreditaments and appurtenances thercunto belonging, including attached floor coverings, all window scre6ns,
<br />window shades, blifids, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas 'tile said mortgagor has agreed and does hereby agree that the mortpg6r sliall and will pay all taxes and assessments levied or
<br />-assessed upon said. Oremises and upon this mortgage and the bond secured thereby before the same sliall become delinquent- to furnish approved
<br />insurance upon the buildings on said premises situated in tile sum of S 2 4 , 000. 00 .. payable to said ASSOCIATION. a�d to deliver to said
<br />ASSOCIATION 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 conditiofis of this mortgage or tile bond secured hereby, the mortgagee sliall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to 'tile
<br />mortgagee all tile* icrits, 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 renting
<br />the 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 'dxpenses incurred in renting and managing tile same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward tile discharge of said morigage indebtedness; these rights of the mortgagee may be exercised at any time during the existence ofsuch
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon tile Condition, That if the said Mortgagor sliall 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 24 000. 00 * payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it 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 �.vaste oil said premises; keep and comply
<br />with all the agreements and conditions of tile Bond for s 24 , 000 . 00 'this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with,all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents sliall become null and void, otherwise they
<br />sliall 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 condit.ions of said Bo ; rid;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is ally change in ownership of the real estate mortgaged herein, by sale or.otherwise, then the entire remaining indebtedness lier6by
<br />secured shall, at the option of Tile Equitable Buildingand Loan Association of Grand Island, Nebraska, become immediately due andpayable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, sliall, from , the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The 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 paymetit at the maximum
<br />legal rate.
<br />As provided in'the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to tile
<br />makers of said Bond, their assigns or successors in interest, which sums sliall be within the security of this mortgage the same. as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any �ime the original amount of this mortgage.
<br />ated this. --n d day of Ortober A.D., 19 7 5
<br />Jales R. Wal ker Kathie A. Walker
<br />STATE OF NEBRASKA,
<br />ss. On this 22nd day of October 19 75 before me,
<br />COUNTY OF HALL
<br />the undersi�ncd, a Notary Public in and for said County, personally came
<br />James R. Wal,ker and Kathie A. Walker, each in his and her own right and as spouse 2f each
<br />+11 who are persona ly known to
<br />V Cv,
<br />me to be the identical persons whose name s are affixed to the above
<br />acknowledged the said instrument to be . thei r voluntary act and deed.
<br />WITNESS my hand and Not.arial Seal the date aforesaid.
<br />--.My Commission-expires-
<br />JA"AES IN - OLSON
<br />GENER�t�_,,.!qTA�Y
<br />Stnto , )r- Kl
<br />3-73 2M 1111�7
<br />, I z;s;
<br />mjyc,-,j_ni,�s1on 'xpirus-
<br />November 12, 1975
<br />mortgagor S * and they severally
<br />
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