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<br />86-- 105147
<br />MORTGAGE
<br />eORTGAGE LOAN NO. L 24,627
<br />KNOW ALL MEN BY THESE PRESENTS: That John I. Miller/ and Patricia J. Miller, each in his and
<br />her own right and as spouse of each other, Mortgagor, whether one or more, is consideratton of the son of
<br />Eight Thousand and no /100 -- -- - -- ---- °- -------- -- HOL[ARS
<br />-band to said ,mortgagor by The Equitable Building and Lout Association of Grand Isl>n d. Nebraska, Mortgagee, upon 80 - aha[ts of stun of
<br />said ASSOCIATION, Certificate No. L 24,627 do hereby grant otmvey and ,mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Four (4), block Eleven (11), of Gilbert's Second
<br />Addition to the City of Grand Island, mall County,
<br />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. - 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 />- assessed upon said premises and upon this mortgage and the bond secured . thereby before- the same shall become delingoeric to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S $, 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 segued hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged preutises and the mortgagor hereby assigns; transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from tue mortgaged premises doing 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 ratting
<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 balamm rem. =__±» 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 loan, on or before 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; famish approved insurance upon the buildings thereon in the stem of $ GOO, 00 payable
<br />to said ASSOCIATION, repay to said ASSOCIATION upon demand all nanny by it paid for such taxes, assesmtemts and Usatrattce with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor bereby gees to pay;petmitno waste on said premism keep and comply
<br />With all the agreements and conditions of the Bond for S 8 CO) his day given by the said Mortgagor to said ASSOCIATION, and comply- -
<br />with all the requirements of the Constitution and By -Laws of - ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall retrain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to snake any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and couiply with the agreements and conditions of said Borst;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such forccluwre proceedings, if there is any change in ownership of the real estate mortgaged herein, by sal 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,bewrr 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 theteurder, shall, fry 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 airy other bond for additional advances, together with all stems paid by said The Equitable Building and Loan Association ofGiand 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 />As provided in the Bond secured hereby, while this mortgapc rerna=- in effect the mortgagee -may hereafter advance additional sums to the
<br />takers 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 any time the original amount of this mortgage_
<br />ate this 10th day of Septeanber A. D_, 19 86
<br />_ `?r� ? .�
<br />leis
<br />STATE OF NEBRASKA, u. On this 10th day of September 1986 , before me,
<br />COUNTY OF HALL
<br />Jr. the undersigned, a Notary Public in and for said County, personally came
<br />John I. Miller /and Patricia J. "tiller, each in his and her own right and as spot a eac�t
<br />other, who are o
<br />roe to be the identical person s whose name s are affixed to the shove instrument as mortgagor s and they severally -
<br />acknowledged the said instrument to be their voluntary act and deed. _
<br />WITNUi my hand and Notarial Seal the date aforesaid.
<br />My Cornnuscu,n expires 74a 7 r
<br />Notary Public
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