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MORTGAGE 86 001534 See L ....
<br />i MORTGAGE LOAN NO. L 24,330
<br />KNOW ALL MEN BY THESE PRESENTS: That Scott A. Gihw—,e arld
<br />Mary Lou Gilmore, each in his and
<br />her own right and as spouse of each other,
<br />Wi netmr, TM ght Hr irrirc a Mort gager, whether one or more, in consideration of the amm of
<br />r, v 1 nn _ _
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Aso N~ DOLLARS
<br />said ASSOCIATION, Certificate No. L 24p330 , do hereby gagee. upon 198 shares of stock of
<br />described real estate, situated in Hall County, Nebraska: Y grant, convey and mortgage unto the said ASSOCIATION the following
<br />Lot Nine (9), in Block Ten (10), in Rollins Addition
<br />to the City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor core
<br />window shades, blinds, storm windows, awnings, heating, air conditioning and plumbing and watding Cache and looesbr�s. an window �cena,
<br />refrigerators, and other fixtures and equipment now of hereafter attached to or used in connection with said teal estate.
<br />pumps, stores.
<br />And whereas the said or gagor has agreed and does hereby agree that the mortgagor shall and will of
<br />"Made ee upon P pop this rmrrtgage and the bond secured thereby before the same a all razes and assessments kid d
<br />ASSOCIATION the policies for said insurance; and not to the ommit or permit any wOa' 00 n or about said saipremises;
<br />A O delinquent; to o furnish d iv appru�
<br />r payable to said ASSOCIATION and to deliver to said
<br />In cast of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee SW
<br />demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby as�is, transfers and sett over to t1x
<br />mortgagee ; a all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage Indebtedness stall remain
<br />unpaid: and the mortgagee shall have the power to appoint any agent or agents rt may desire for the purpose of repairing
<br />the wire and collecting the rents, revenues and income, and it may pay out of sad income all expenses of r
<br />Commission and expenses incurred in renting and managing the _ ptemtiaea std renting
<br />applied toward the discharge of said mortgage indebtedFre�s i hose rights of t °fx nwkcling rentals therefrom; t balance premiere and necessary
<br />default, irrespective of an temporary PAgce may be exercised at an if arty, to be
<br />Y pore, waiver of the samre. Y y time dmug the exiatetoe of such
<br />These Presents, however, are upon the Condition, That if the sa:;! mortgagor shall repay said loan on or before the maturity of � share
<br />Payment: pay monthly to said ASSOCIA LION of the ,im specified in the [kind secured her as in and
<br />sire Twentieth day o(each and every munch, until said lean is fully paid; pay all taxes and assessment$ levied against said
<br />Principal on said tart, on or before
<br />will the Bond secured thereby, before delinquency; futnuh a Premiaesandoo the Mortgage
<br />to said A.SSOCIA i1ON. repay to said ASSOCIATION a approved insurance upon the buildings thereon a the sum of S 19, 800.00
<br />the maximum legal rate thereon from date of payment all of which Meairt mx'MY by Ft paid for rude taxes, asaessmen[a and mum payable
<br />gager hereby agrees to pay; permit no waste on said anc with intros at
<br />with a!1 the agreements and conditions of the Bond for $ 9 prerrriaes:kap and comply
<br />with all the requirements of the Cmnsutution and By of 16 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />remain in full force and Fray be foreclosed at the option of the said ASS(X then Presents shall o me n� and , otherwise 1 Said
<br />and Payments or be three nnmths in arrears in ,raking said monthly payments, ur W keep and comply with the months to make a Said
<br />agrees to have a ,reviver appointed forthwith in such foreclosure pftxeedtngs. ag"xilleatts and conditions of said Board
<br />If there is any change m rnvmership of the real estate rtgagod
<br />shall- at the opt Kill of The Uquitable Building and I nun iatiws of Grand of
<br />sland Nebra ;.beam a entire r t
<br />funh er notice . and the amount remainin due carder said bond, and an other bond for an additiaq! ad without
<br />date of exotic of said option, =mop at the maximum y cY em and payable from
<br />and any other Ixsnd fa additaiInt advances. maxim, m legal ate, paid b F uttitab n be f t ftvm the
<br />Nebraska
<br />tot Frrnrranto taxes and a al advan and abstracting extension ll u char -*closed
<br />to Ass � due on aasil
<br />q B and loam of Grp laltnd,
<br />rats• ges, with interest thereon, from dale of payment at the naxitru n
<br />As Provided in the Bond secured hereby, while thus nuntgage remains in effect the mortgagee may hereafter adrance additional
<br />secures of said Bond, their asaptna nr suuxxwrs in mteicSt. which sums Stull he within the security of this rrxJtl the wane as the funds or itally
<br />secured thereby, the total amount of ss of to the
<br />principal debt not to exceed at any time the original amount of this mortgage.
<br />-,1>� the 27th day of March
<br />A. n., Iv 85
<br />STATE OF NEBRASKA,
<br />COUNTY OF IfALL, s9. On this
<br />"Lath day of rtitarch
<br />19 85 .before ire,
<br />L lice uraicrsigned, a Notsty Public in and for said County, persnallyeame
<br />5catt other Giltrtr erxi Slaty i,rAt Gilmore, each in his xid I-er uvIl rid{ t
<br />E:aeh outer, 'nui as
<br />me in be the mktnical petmin S whose name air'. Wkiawn to
<br />llE: affixed to the ahov, mstrunrent as FrrortlytKur ,, and
<br />iIA, n owled d the emit instrmnuurt lit he "''.i.r' t.h�'y sevenuy
<br />r, riuntaiy act and decd
<br />WIINI•.S.S my halal and Notarial Seal the date afowsnd.
<br />My (ururnasaaoro expirrli�� /r /
<br />JO�M�4110NMI�ttta Notuy l'uhlw
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