|
87-- 105986
<br />MORTGAGE
<br />MORTCAGE LOAN NO, L 24,916
<br />KNOW ALL MEN BYTlIFSE PRESENTS: That Kenneth L. Miller and Donna K. Miller, each in his and
<br />her awn right, and as spouse of each other,
<br />Mortgagor. whattwr mw or more, in conodmillon. of ow ow of
<br />._ m,7 ,Tm, , .. ._ ._ s4.. .----DOLLAR
<br />li
<br />-- - - -- — —
<br />hatted to sad mart by The Equitable Budd ag and I.dart Association of Grind Itdand, Nebraska, Mortgagee. upett 180 dam ot'tttaalt of
<br />aid ASSOCIATION. Certificate No. L 24,916 , do hereby grant, convey and mortgage unto the said AMMIA77ON Ilta foHowit*
<br />described real estate, situated in lied County, Nebraska:
<br />Lot Four (4), Block Nine (9), in H. G. Clark's Addition in the City of Grand Island,
<br />Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, 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 />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />asessed upon said premises and upon this mortgage and the bond secured thereby before the same stall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 18 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor 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 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 pay out 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; the balance remaining, if any, to be
<br />applied toward the 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 temporary waiver of the same.
<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 Bond secured hereby as interest and principal on said horn, 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 />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 18 , 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises;keep and comply
<br />with all the agreements and conditions of the Bond for S 18 ,000.00 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 agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership 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 remaining due under said bond, and any other bond for any additional advances trade 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 Equitable Building and Loan Association of Grand Island,
<br />Blebrssca for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<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 u, exceed at any time tide original amount of this mortgage.
<br />Dated this 13th day of October A.D., 19 87
<br />` ' Kenneth -
<br />-1� Donna K. Miller
<br />STATE OF NEBRASKA, I ss On this 13th day of October ly 87 , before me,
<br />COUNTY OF IIALL
<br />the undersigned, a Notary Public in and for said County, personallycame
<br />Kenneth L. Miller and Donna K. Miller, each in his and her own whys are personally known to
<br />rigght, and as spouse of each other
<br />me io be Ilse identical person s whose name s are affixed to the above instrument as mortgagor s and they severally
<br />m*mswkd pd the said instrument to be their voluntary act and deed.
<br />WITNU S my hand and Notarial Seat the date afoiesaid.
<br />gSeN1A1 Notary Public
<br />Parallel In ttVSaN -ltsma N thsrsaaa
<br />w 4ara 6ytq, INa, ri, lIN
<br />
|