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<br />MORTGAGE Q 017 91 See L 19,493
<br />— — — MORTGAGE LOAN NO. L• 24,317 _
<br />I KNOW ALL MEN BY TIiESE PRESENTS: That Alford Ki l lham and Carol J. Ki l lham, each in his and
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<br />her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the stun of
<br />Seven Thousand Five Hundred _ _7t0 00— - ------- — _---- __---- _-- -- - -__ DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Crand Island, Nebraska, Mortgagee, upon 75 shoes oCaodc of
<br />said ASSOCIATION, Certificate No. L 24,337 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Nine (9) in Block Nine (9) of Gilbert's Addition
<br />to the City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hercch amenfs and appurtenances thereunto belonging, Including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, healing, 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 />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings nn said premises situated in the sum of $ 71 500.00 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 aaf 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 lire mortgagor hereby assigns, transfers and sets over to the
<br />nwrigagee all the rents, revenues and income to be derived from the rurrtgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power in apiwint 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 [nay pay out of said income all expenses of repairing said premises and necessary,
<br />commissars and expenses [ncuned 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 temporrary waiver of the sanre.
<br />These Presents, however, are upon the combtion,'I hal if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay ro+nihly to said ASS(WIATION of file sum specified in the Bond 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 Mortgage
<br />and the Bond secured thereby, betote delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 7 1,500.00 payable
<br />In said A.SS(KJATION' repay lo said ASS(ICIA'HON upon demand all money by It paid for such taxes, assessments and insurance with interest at
<br />the nuximurn 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 arced conditions of the Bond for $7x500.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution arid By -Law's of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain n1 lull force and may be foreclosed at the option of [tee said ASSOCIATION after failure for three months to make any of said
<br />payments m he three timnihs In aireats in making said monthly payrncnts, or to keep and comply with the agreements and conditions of said Bond;
<br />anJ Mortgagee agrees to have a receiver appointed forthwith if' such foreclosure proceedings.
<br />If there is any change in ownership of fire real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at tiro option of The 1 ;quiiable Building and Loan Association of-Grand Island, Nebraska, become immedately due and payable without
<br />further notice, and the anmunt remaining due under said bond, and any other bond for any additional advances made 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 de on said
<br />bond, and any other hand for additional advances, together with all sums paid by said The Equitable Building and Loan Association of (:rand 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 mortgage remains in effect the mortgagee Judy hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors oa Interest, which sums shall be within file security of this mortgage the same as the funds originally
<br />secured thereby, the total am unl of principal debt not to exceed at any lime the migmal amount of this mortgage.
<br />Dated this 8th day lit
<br />April
<br />A. D., 19 85
<br />sTATF Of- NEBRASKA.
<br />(OitNTY 01: IIAI.I y
<br />On this 81:11 day of
<br />Apr Iv
<br />F 85 , Wore lire,
<br />the undersigned.
<br />a Notary laubhc In and fur said County, pe.isorallycanre
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