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<br />I"
<br />
<br />88J02004
<br />
<br />MORTGAGE
<br />
<br />MORTGAGE LOAN NO. L
<br />
<br />25.017
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: That Jeffrey L. Miller and Laura Lea Miller, each in his and
<br />her own right. and as spouse of each other,
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Nineteen Thousand Nine Hundred and no/lOO ------------------------------------~-DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 199 shares of stock of
<br />said ASSOCIATION, Certificate No. L 25 .0 17 , do hereby grant, com'ey and mortgage unto the said ASSOCIATION the following
<br />deseribed real estate, situated in Hall County, Nebraska:
<br />
<br />The Southerly Ninety Two (92) Feet of Lot Eight (8). Block One Hundred Twenty Six (126),
<br />Koenig and Wiebe's Addition to the City of Grand Island. Hall County, Nebraska.
<br />
<br />together with all lhe tenements, hereditaments and appUrlenances thereunto belonging, including attached Ooor coverings, all window screens.
<br />window shades, blinds, storm windows, awnings, heating, air condilioning, 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 />
<br />And whereas the said mortgagor has agreed and does hereby agree that lhe 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 the sum of S 19.900.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOC1A IION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />
<br />In case of default in the performance of any of the terms and conditiom of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of Ihe mortgaged premises and the morlgagor 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 10 pppoint 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; lhe balance remaining, if any, to be
<br />applied toward the di~charge 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 wah'er of lhe same.
<br />
<br />These Presents, however, are upon the Condition, That if the said Mortgagor 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 Hund secured hereby as interest and principal on said loan, on or before
<br />lhe Twentieth day of each and every month, until said loan is fully paid; pay alllaxes and assessments levied against said premises and on this Mortgage
<br />
<br />and the Bond secured thereby, before delinquency; furnish approved insurance UpOIl the buildings thereon in the sum of $ 19.900.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all muney by il paid for such taxes, assessments and insurance with interest at
<br />the mal!.imum legal rate thereon from dale of payment all of which Mortgagor hereby agrees to pay; permit no wasle on said premises; keep and comply
<br />
<br />with all the agreements and conditions of the Bond for $ 19.900.00 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 agreemellls 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 eSlate mortgaged herein, bj' 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 ma}' then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid b}' 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 an}' time the original amount of this mortgage.
<br />
<br />
<br />~~~~,~~~ril
<br />
<br />A. D., 19 88
<br />
<br />Laura Lea Miller
<br />STATE OF NEBRASKA, ~
<br />5S.
<br />COUNTY OF HALL
<br />
<br />On this 2 1st
<br />
<br />day of
<br />
<br />April
<br />
<br />1988
<br />
<br />, before me,
<br />
<br />lhe undersigned, a Notary I'ublic in and for said County, personally came
<br />
<br />LJ
<br />
<br />',I.~" RJ
<br />
<br />. Jeffrey L. Miller and Laura Lea Miller, each in his and h~ who are
<br />own riRht. and as spouse of each other /.,-
<br />fit to be tht identical person S whose nallle, S are afflxeu to the above instrunient as ortgagor S and they severally
<br />
<br />a,kno....ledged the said instrument to be the 1 r voluntary act and deed, " . //""7
<br />
<br />WITNESS lIlY hand B,nd Notarial Seallhe dale aflllesaid. ( ..-L. ,~
<br />
<br />M,C.mmiu!.."p!'" 9/ I j/'f ~czz2.cp.!&1rlfi
<br />rP,. 1 1_ :r:- _I - , /I:t.J. ,.:< ~ ., ""Ii.
<br />1=* .~~..-::~,- . /
<br />
<br />personally known 10
<br />
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