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<br />88- 101835
<br />
<br />MORTCACE
<br />
<br />MORTGAGE LOAN NO. L 25.0 10
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: That
<br />
<br />Danny G. Miller. an unmarried person
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Ten Thousand and no/lOa -----------------------------------------------------------DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 100 shares of stock of
<br />said ASSOCIATION, Certificate No. L 25.0 I 0 . do hereb)' grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />
<br />The West Half (W%> of the West Half (W%) of the South Half (S~) (or what would be Lot Five
<br />(5) of Block Ten (10) if said lots were laid out as other lots in said Addition) in
<br />Windolphls Addition to the City of Grand Island. Hall County, Nebraska.
<br />
<br />together with aU the tenements, hereditaments and appurtenances thereunto belonging, inclmlinfl, attached tl00r cowrings, all window screens,
<br />window shades, blinds, storm \\indows, awnings, heating, aiT conditioning, and plumbing and water equipment and accessories thereto, pumps, sto\'es,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to Or used in connectiun with said leal estate.
<br />
<br />And whereas the said mongagor has agreed and does hereby agree that the Illilrlf,agor shall and will paj' all taxes and assessments levied or
<br />assessed upon said premises ar.d upon this mOJtgage and the bond secured thereby orfo(e the SoalUe shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 10.000 . 00 payable to said ASSOCIA lION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit O( permit any waste on or about saiLl p(emises;
<br />
<br />In case of default in the performance of any of the terms and conditions of this mortgage m the band secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the motlgaged premises and the mort{:agor hereby assigns, transfers and sets o\'er to the
<br />mOrtgagee all the rents, re\"t'nues and income to be deri\'ed from the mortgaged premises during such time as the mOllgage indebtedness shall remain
<br />unpaid; and the mortgagee sllall have the power to appoint any agent or agents it may desire for the purpose of (cpairing said premises and renting
<br />the same and collecting the rents, re\"t'nues and inrome, and it may pa)' out of said inrollle all expenses of repairing said premises and neceSSllry
<br />commissions and expenses incurred in lenting and managing the SlIme and of colle cling rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mOrtgage indebudness: these lights of the mortgagee may be exercised at any time dl.lling the exislenre of such
<br />default, irrespecth'C of <lony temporary wai\'er of the same.
<br />
<br />These Presents, howe\1'r, are upon tht' Condition, That if the uid Mortgagor shall repay s3.ld loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCI A TION of the ~um specified in the Bond secured herebj' as interest and principal on said loan, on or before
<br />the Twentieth day of each and c\"tr}' month, until ~id )o;ln is fully l';Iid; I'ay all taxes and assessments le\ied against said premiscs and on this Mortgage
<br />
<br />and the Bond secured therehy, before delinquency; furnish apprll\'t'd imurance Ul'~\f\ the buildings thereon in the sum of S 10,000.00 pllyable
<br />to said ASSOCIATION; repay to said ASSOCIA T10~ upon demand alluwne)' by it paid fOf such taxes, assessments and insurance with interest at
<br />the Il11ximum legal rate thereon from date of payment all of which Mortgagor hereby agrces to pay; pt'lI11it no waste on said premises; keep and comply
<br />
<br />with all the agreements and conditions of the Bond for S 10.000.00 this da)' ghoen by the said Mortgagor to said ASSOCIA lION, and comply
<br />with all the requirements of the Constitution and By-Laws of said ASSOCI A liON; then these presents shall become null and ,'aid, otherwise they
<br />shall remain in full force and may be foredosed lit the option of the SHid ASSOCIATION after failure for three months to make lIny of said
<br />fl3yments or be three months in auears in making SlIid monthly p;lymcnts, or to keep and romply wilh the agreements and conditions of said Bond;
<br />and Mortgagor agrees to ha\'1~ a recei\"t'r appointed forthwith in such foreclosure proceedings.
<br />
<br />If there is any change in ownenhip 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 rell11ining due under said bond, and anj' other bond for any additional ad\'llnces made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the max.imum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bOnd,and an)' other bond for additional ad\'3nces, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />. Ikbraska for insurance, taxes llnd assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />IepI 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 />maken 0 said Bond, their assigns or suc<<ssors if'! interest, which sums shr.lI be within the security of this mortgage the same as the funds originall)'
<br />secured thereby, the total amount of plincipal debt not to exceed at any time the original amount of this mortgage.
<br />
<br />Dated this 12th day of April A.D.,1988
<br />
<br />.. A 71t;/L
<br />~."1ll.'ller
<br />
<br />STA,TE OF NEBRASKA, l IS.
<br />COUNTY OF IIALL ~
<br />
<br />On this
<br />
<br />12th
<br />
<br />d f April
<br />ayo
<br />
<br />19 88 ,before me,
<br />
<br />the undersigned, a Notary Public in and for said County, personally came
<br />
<br />Danny G. Hiller. an unmarried person
<br />
<br />who
<br />
<br />is
<br />
<br />personally known to
<br />
<br />me to I:>e the idemlal person whose name is affixed to the above initrl,Ul1jt a mortgagor and he
<br />Icknow~dged the said insltument to be his \'Olunlary act and deed. . .' . ..' )
<br />WITNESS my hand and Notarial Scalthe date aforesaid. ~/ h-::--- 4
<br />M)' ('cmmiuion expirCl 9// / P 7' L;;:;:;? t d......) c4 ' 1.!
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<br />HUC IU .lOt .. ......." ~ .~ 7 . ,..
<br />.........1.. "
<br />
<br />S<l\'crally
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