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<br />$7- 103075
<br />MORTGAGE
<br />MORTGAGE IRAN NO. L ^� -_
<br />KNOW ALL MEN By THESE PRESENTS: That Gerald L. McKnight and Linda K. McKnight, each in his
<br />and her own right and as spouse of each other, Mort
<br />!ltamntv>.gtav 7Hxnv - -° °� ,r iv rnira9 tt7ri bit, whatles one or mote, in ewilidnalm of the afts, of
<br />.'_----- -- '- -- -- ____._ —..__— ___.DOLLARS
<br />load 90 said I+Y The Equitable and Loan A�ciation of Grand Ide nl, Nebraska, M 224
<br />add ASSOCIATION, certificate No. L 247 °rtl. upon sixes of �odc of
<br />row Mate, :stated in Half County, Nebraska: ' do hereby grant, convey and mostly unto the said ASSOCIATION the f0hossiae
<br />Lot Fourteen (14), in Villa Mar Dee Subdivision of the City of
<br />Grand Island, Hall County, Nebraska,
<br />'(Will" with all the teneawnts, hereditaments and appurtenances thereunto belonging, including attached floor coverutgs, all window screens,
<br />WOW— shall", blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps,stova,
<br />refrigerators, and otter fixtures and equipment n,)w or hereafter attached to or used in cuntreclicm with said real estate.
<br />And whereas the said mnortgagmr has agreed and does hereby agree that the mortgagor shall and will Pay all taxes and assessments levied or
<br />nwjwd upon said premises and upon this mortgage and the bond secured thereby before the same shall becoome delinquent; to funidn spprovec!
<br />insurance upon the buildings on said premises situated in the sum of S 22, 400.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the publics for said insurance; and not to commit or permit any waste on or shout said premises;
<br />In case a default in the pertormanse of ally o1 the terms and conditions of this mortgage or the bond stewed hereby, the mort g�ee dull,
<br />on demand, be entitled to immediate pu�aaion of the mortgaged premises and the morlgagor hereby assigns, transfers and sets over to the
<br />mort$Wc elf the rents, revenues and income to be derived from the mortgaged premises during such time as the mortg�e indebtedness dull rewin
<br />unpaid; and the nor shall have the power to appoint any agent or agents if may desire for the purpose of repairing said premises and renting
<br />the same and colfecling the rents, revenues and income, and it may lay out of sand incarrx all expenses of rePairug said premtisa and ttdxnary
<br />cowurdsiora and expenses insured in icing and managing the xaotte and of collecting rentals therefrom; the balance re
<br />toward the discharge of said mortgage inokbttdness; (hex rights of the mortgagee may �le6, if any, to be
<br />de atdt, oreWtctive of any temporary waiver of the sane. y be exercised at any time during the existence of such
<br />These Presents, however, are upon the Condition,'rhat if the said Mortgagor :lull repay said loan on or before the maturity of said darts by
<br />payment; pay monthly to said ASSOCIATION of the sunt specified in the 8-141 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 Monts®(
<br />(crud the Bond secured t hereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 22, 400, 00 payable
<br />to will ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assess ent$ and insurance with interest at
<br />the maximum legal rate thereon from date of laynent all of which Mot tg r hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and �mditlons of the Bond for S 22, 400.00 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 />gulf remain in full force and trey be foreclosed at the option of the said A.Ssb6AT10N after failure for three months to make any of said
<br />and Mortgagor g agrees Wee to have a receiverraa i making said monthly chfor rats, ur to keep and wmply with the agrcements and conditions of said (fond;
<br />ppo»nled forthwith w such foreclosure proceedings.
<br />secured If then is any change in ownership of the real estate Mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />i, at the option of The Equitable Building and loan Association of Grand Island, Nebraska, become immediately die and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances trade thxrcwtder. duU, Icon the
<br />date of d any of rant option, bees interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the art F, Sh dim on said
<br />6�d, any otfmr bowl for additional advances, together with all sure Paid by said The Equitable Building and Loan Assmc is of Grl u !nand,
<br />Nebraska for , taxes and assessments, and abstracting eo :erlSikTB charges.
<br />blfai rate. gee. with interest thereon, from date of Payment at the rruximum
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sinus to the
<br />secured uukm of MW Bond. their assigns or sodxessws in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />thereby, the total amount of principal debt not to exceed at any lime the migmal amount of this mortgage.
<br />Dated this 28th day of May
<br />A. D.. 19 87
<br />,e
<br />rxla K. McKnight - --
<br />STATE OF NEBRASKA,
<br />COUNTY OF ItALL ss. On this 28th day'uof May lY 87 . before tom,
<br />Gerald L. McKnight lied Linda K. McKnight, tact► n ha}ic` righ`�` arxrioas'pouse
<br />each other,
<br />who are personally known to
<br />be the Parma B whole Penn S are affixed to the Above Instrurlent as sort or S and
<br />me, to > the instrument to he their they severally
<br />vcauntary act and deed.
<br />W"V" my hand and Notalal Sea) fhe date afinesaid.
<br />My Cann 'n expires
<br />mm
<br />hr'�G {r7.' , 4 Li 2 yY
<br />~ as Notary public
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