|
<br />88-
<br />
<br />104194
<br />
<br />MORTGAGE
<br />
<br />MORTGAGE LOAN NO. HI
<br />
<br />879
<br />
<br />FHA
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: ThaI Morris B. Quillin and Janet E. Quillin, each in his and
<br />her own right, and as spouse of each other,
<br />
<br />Mortgagor, whelher one or more, in consideration of the lum of
<br />Seven Thousand Four Hundred Eighty and no/IOO ------------------------------------JOOLLARS
<br />
<br />loaned 10 said mortgagor by The EqUitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 75 shares of stock of
<br />gid ASSOCIATION, Certificale No. HI 879 FHA. do hereby granl, convey and mortgage unto the said ASSOCIATION the following
<br />described real eSlate. situaled in Hall County. Nebraska:
<br />
<br />Lot Eight (8), Block One (I), Windolph's Addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />
<br />together with all [he tenements, heredilamenls and appurlenances thereunlo belonging, including attached floor coverings, all window screens,
<br />window shades. blinds. slorm windows, awnings. heating. air condit ioning. and plumbing and waler equipment and accessories Ihereto, pumps, stoves.
<br />refrigeralors. and 01 her !ixlures and equipment now or hereafter all ached 10 or used in connection wilh said real t:stale.
<br />
<br />And whereas the said mortgagor has agreed and does hereby agree Ihal the mongagor &hall and will PlY all taxes and assessments levied or
<br />.....ssed upon saId premises and upon this morlgage and the bond secured thereby before the same &hall become delinquenl; to furnish approved
<br />insuranr.. upon Ihe buildings on said premises situated in Ihe sum of $ 7,480.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and nollo commit or permit any waste on or aboul said premises;
<br />
<br />In case of default in Ihe performance of any of the lerms and conditions of this mortgage or the bond secured hereby, the mort:pgee shall,
<br />on demand. be en tilled 10 immediale possession of the morlgaged premises and Ihe mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee alllhe rents. revenues and income to be derived from the mongaged premises during such time as the mortga&e indebledness shall remsin
<br />unpaid; and the morlgagee shall have Ihe power 10 appoint any agent or agents il may desire for Ihe purpose of repairing said premiJes and renting
<br />the Slme and collecting Ihe rents, revenues and income. and il mlY pay oul of said income all expenses of repairing said premiJes and necessary
<br />commissions and expenses incurred in renting and managing Ihe same and of collecting rentals therefrom; lhe balance remaining, if any, to be
<br />Ipplied toward Ihe discharge of said mortgage indebtedness: these rights of Ihe morlgagee may be exercised It any time during the existence of such
<br />deflult. irrespective of any lemporary waiver of Ihe same.
<br />
<br />These Presents. however. are upon the Condihon. That if Ihe said Mortgagor shall repay said loan on or before the maturily of said shares by
<br />paymenl: pay monthly 10 said ASSOCIATION of Ihe sum specified in the Bond secured hereby u inleresl and principal on said loan, on or before
<br />Ihe Twenlielh day of each and every monlh. until saId loan is fully paId; pay alllaxes and assessments levied againsl said prembes and on this Moft888e
<br />
<br />and the Bond secured thereby. before delinquency: furmsh approved insurance upon Ihe buildings thereon in the lum ofS 7,480.00 payable
<br />10 said ASSOCI A TION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, usessrnents and insurance with inleresl al
<br />lhe maximum legal rare lhereon from dale of payment all of which Mortgagor hereby agrees to pay; permil AO waste on said premises: keep and romply
<br />
<br />with all the apecmentsand conditions of Ihe Bond for $ 7,480.00 this day given by Ihe said Morlgagor 10 said ASSOCIATION, and comply
<br />wilh all the requirements of the Conslilulion ana By.Lawl of said ASSOCIATION; lhen Ihese present. shall become null and VOid, oWrwiIe they
<br />shall remain in full force and may be foreclosed al lhe option uf Ih. said ASSOCIATION after failure for three months to make any of said
<br />paymenll or be Ihree monlhs m affean in making said monthly payments. or to keep and comply with the agreemeDls and condilions of said Bond;
<br />and Mortgagor apeello have a rece.ver appointed fonhwllh in mch foreclosure proceedings.
<br />
<br />If.lhere is any change in ownership of Ihe rell estate mOrlgaged herein. by sale or otherwise, then the entire remaining indebtedness hereby
<br />aecured shaD, at the oplion of The Equilable Building and Loan Association of Grand Island. Nebraska, become immediately due and payable withoul
<br />furlher' notice, and Ihe amounl remaining due under said bond. Ind Iny other bond for any addilionll advances made thereunder, shall, from the
<br />dale of exerc:ite of said oplion. bear interesl al Ihe maximum legal rale. and rhis mortgage may then be foreclosed to satisfy the amount doe on said
<br />bond, and any other bond for additional advances. logelher wilh all sums paid by said The Equitable Building and Loan Msociation of Grand Island.
<br />Nebraska for insurance. lues and assewnenls. and .bSllacling exlension charges. wilh inleresl thereon, from date of plyment al the maximum
<br />lepl rale.
<br />
<br />As rrOvided in the Bond secured hereby. while this mortgage remains in effecl Ihe mortgagee may hereafler advance additional sums 10 the
<br />maken 0 Slid Bond, lheir anigns or successors in interesl. whJch sums shall he within lhe security of lhis mortgage the same as the funds oriBinally
<br />ICcund lhe Y. lhe lotllamounl 0 . cipaJ debt ,Uot tu exceed It any time lhe original amounl of this mortJllBC.
<br />'7
<br />of /\ Hay A. D.. 19 88
<br />
<br />
<br />Quill
<br />
<br />STATE OF NEBRASKA.l a.
<br />COUNTY OF lIALL ~
<br />
<br />On Ihil
<br />
<br />9th
<br />
<br />dlY of
<br />
<br />May
<br />
<br />19 88 . befem me.
<br />
<br />Morrill B. Quilli.n and Janet E. Quillin, each
<br />right, and as spouse of each other
<br />me 10 be IIv Identical penon :: whOlC nlme 1I are Iffixed 10 the above InllrumEll-l!. mOrl\llgor II
<br />
<br />acltno..ledted lhe ..id irntrumerlllu he the i r volunlary acllnd dud. )
<br />W1TNES'S my ltaDlllnd Nolarlal Seallhe date aforeoid. /
<br />
<br />My C<lmmiuion ellplle. /1 ~...(..s' tf'..f /.:..... - .: I
<br />--..L--+--2, :
<br />ra '-1.::-.a:r.l
<br />1:111............. - j
<br />
<br />lhe undenlgned.l NOllry Public in Ind for said Count)', ~nonaJJYClme
<br />in his and her own
<br />
<br />who
<br />
<br />are
<br />
<br />penonally known to
<br />
<br />Ind they
<br />
<br />"""fill)'
<br />
<br />--,
<br />. ,
<br />
<br />( ( - ,.
<br />_.f__<...~_
<br />Nllllr\ I'ubllr
<br />
<br />. I tll III
<br />
|