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<br />88-103572
<br />
<br />MORTGAGE
<br />
<br />MORTGAGE LOAN NO. L 25 .085
<br />
<br />I{NOW ALL MEN BY THESE PRESENTS: That Lowell D. MillH and Charlene D, Miller, each in his
<br />and her own right, and as spouse of each other,
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty Nine Thousand and no/IOO ---------------------------------------------------DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 290 shares of stock of
<br />said ASSOCIATION, Certificate No. ,L 25,085 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated In Hall County, Nebraska:
<br />
<br />Lot Nine (9), in Block One (I), in East North Lawn Addition to the Village of Wood River,
<br />Hall County, Nebraska,
<br />
<br />together with aU the tenements, hereditaments and appurtenances thereunto beionging, including allached floor coverings, aU window screens,
<br />window shades, blinds. storm windows, awnings, heating. air conditioning, and piumbing and water equipment and accessories thereto, pumps,stoves,
<br />refrigerators, and other fixtures and equipmenl now or hereafter allached to or used in connection with said real estate.
<br />
<br />And whereas the said mortgagor has agreed and does herebYllgree thaI the mortgagor shall and will pay aU taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same sItall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 29,000,00 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 Ihe lerms and conditions of lhis morlgage or the bond secured hereby, the mortgagee shall.
<br />on demand. be entitled to immediate possession of Ihe mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the renls, 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 payout of said income all expenses of repairing said premises and necessasy
<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 Ihe 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 lemporary waiver of the same.
<br />
<br />These Presents, however, are upon the Condition, Thai 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 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 Ihereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 29,000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand aU money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of paymenl all of which Mortgagor hereby agrees to pay; permit no waste on said pl'emises;keep and comply
<br />
<br />with all the agreements and conditions of the Bond for S 29... 000 ,00 Ihis day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By.Laws or said ASSOCIATION; then these presents shall become null IlIld void,otherwiJI: 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 rea] eslate morlgaged 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 Equitab]e Building and Loan Auociation of Grand (aland,
<br />Nebraska for insurance, taxes and asselSJDents, and abstracting exlenslon charges, with interest thereon, from date of payment al the maximum
<br />legal rate.
<br />
<br />As provided in the Bond secured hereby, while this mortjage remains in efTect Ihe 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 originaIly
<br />secured thereby, the total amount of principal debt not 10 exceed at any time the original amount of this mortgage.
<br />
<br />. ......... \"~
<br />~4~'. .J
<br />
<br />
<br />,
<br />
<br />July
<br />
<br />A, 0" ]988
<br />
<br />STATE' OF NI!BRASKA, f
<br />II.
<br />COUNTY OF HALL
<br />
<br />On this
<br />
<br />1st
<br />
<br />day of July
<br />
<br />1~8
<br />
<br />. betore me,
<br />
<br />the undersigned. a Notary Public in and for said County. personally came
<br />Lowell D, Miller and Charlene D, Miller, each in his and her own who are
<br />right, and as spouse of each other,
<br />me 10 be tm identical person s whose nalDe s are affixed to Ihe above instrument as mortgagor S
<br />ac1cnowledged the llid instrument to be the i r vuluntary .cl and deed.
<br />WITNESS my hand .nd Nolarial Se.lthc d.te .foreuid,
<br />
<br />My Commission expires // - ;;?~ ..,f'1
<br />
<br />--......"......
<br />JCWlIII allOUlH
<br />it.... ........ -
<br />
<br />personally known 10
<br />
<br />.nd
<br />
<br />they
<br />
<br />sever.lly
<br />
<br />Ikt
<br />
<br />/^"
<br />(
<br />
<br />)
<br />C 'I t',' / ./'J<,
<br />Nutary Public
<br />
<br />'.I.WIll
<br />
<br />.,'
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