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<br />MORTGAGE
<br />
<br />88...... 101076
<br />
<br />MORTGAGE LOAN NO.
<br />
<br />L 24,99 I
<br />
<br />ADD'L
<br />
<br />KNOWALLMENBYTIIESEI'RESENTS:That Alford Killham and Carol J. Killham, each in his and her
<br />own right and as spouse of each other,
<br />
<br />Eleven Thousand and no/lOa
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />-------------------------------------------------------
<br />DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon I 10 shares of stodt of
<br />said ASSOCIATION, Certificate No, L 24, 991ADD' L ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in lIall County, Nebraska:
<br />
<br />Lot Nine (9), in Block Nine (9), of Gilbert's Addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, 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 10 or used in connection with said real estate.
<br />
<br />And whereas the said mortgagor has :o;;reed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assesseu upon said premises and upon litis 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 the sum of S I I ,000 . UO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permil any waste on or about said premises;
<br />
<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 rew.ain
<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 payout of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to 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 />
<br />These Presents, however, arc upon the Condition, That if the said Morlgagor shall repay said loan on or before the maturity 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 />
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S I I ,000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand allllloney 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 waste on said premises; keep and comply
<br />
<br />with all the agreements and conditions of the Bond for S II ,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 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 />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings,
<br />
<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 />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, 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 payment at the maximum
<br />legal rate.
<br />
<br />As provided in the 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 interest, which sums shall 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 lime the original amount of this mortgage.
<br />
<br />Dated this 26th day of February A. D., 19 88
<br />
<br />~<~
<br />Al 0 d ;)lha. /-". 7' '" ,
<br />, f. ~ dUa,
<br />Carol J,'/Killham
<br />STATE OF NEBRASKA, ~
<br />ss.
<br />COUNTY OF IIALL
<br />
<br />On this
<br />
<br />26th
<br />
<br />day of
<br />
<br />February
<br />
<br />, before me,
<br />
<br />1988
<br />
<br />the undersigned, a Notary Public in and for said County. personally came
<br />Alford Killham and Carol J. Killham, each in his and her own right,
<br />and as spouse of each other, who are personally known to
<br />
<br />me to be the identical person s whose name s are afl1xed to the above instrument as mortgagor S and t hey severally
<br />
<br />acknowledged lhe said instrument to be the i r voluntary act and deed.
<br />
<br />WITNESS my hand and Notarial Seal ~hl' da,I~Wllcsaid,
<br />
<br />My Cnmmi\Sioll expires / / - J 5 - (J J
<br />
<br />l.n2M III
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