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85_r:. 005058
<br />MORTGAGE
<br />MORTGAGE LOAN NO. HT —R14 (FHA)
<br />KNOW ALL MEN BY TIIFSE PRESENT'S: That E liner L. McKnight and Hazel McKnight, each in his and
<br />her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the start of
<br />Five TJo-And Four Hundred SiX Q_M__ nod 20j100 - - - - -- . - -- -- _ -- - DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 55 shares of stock of
<br />said ASSOCIATION, Certificate No. LHI -814 FHA , do hereby grant, convey and naorteage unto the said ASSOCIATION the following
<br />described real estate, situated in lull County, Nebraska
<br />Northerly Farr Hundred Twenty Two Feet (422') of Lot Five (5)
<br />of Lawbert's Subdivision, being a part of Northwest Quarter
<br />of Southeast Quarter (NWf SE'T,) , Section 10, Tognship 11 North,
<br />Range 9, West of the 6th P.M., Hall Co., NE
<br />together with all the tenements, hereditar ents and appurtenances thereunto belonging, including attached floor covertntgs, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto. purnaps,stoves,
<br />refrigerators, and other fixtures and egtupawril 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 on said premises situated in the sum of S 5 ,461.20 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 -,f any Of the terms and auditions of this mortgage or the bond secured hereby, the mortgagee dull,
<br />on demand, be entitled to immediate lxrssescion of the mortgaged premises and the tmartgagur hereby assigns, transfers and sets rivet to the
<br />mortgagee all the rents, revenues and income to he derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the Itower 0, 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 inn, :e, and it may pay out of said income all expenses of repairing said premises and necessary
<br />conursssions and expenses incurred to :ertng and managing the same and of collecting rentals therefrom; the balance retraining, if any, to be
<br />applied toward the discharge of ,std mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of with
<br />defsult, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upin the. Condit-n, That if the aid Mortgagot shall repay sail loan on or before the maturity of said shares by
<br />payrrrnt; pay monthly to said ASS( X A I ION Of the sum specified to the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and cwty month, un:al wid loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bomd wcured thereby, before delrngnency, furnish approved insurance upon the buildings thereon in the sum of $ 5, 461.20 payable
<br />to said ASSOCIATION: telray it) said ASSWIAI ION 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 5,461.20 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requucnents of the Constitution and By "w% Of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and rray be foreclowd o the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments a he three months in arrears in making said mcnthdy payments, or to keep and comply with the agreements and conditions of said Band;
<br />and Mortgagor agues to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the teal estate mortgaged herein, by ale or otherwise, then the entire remaining indebtedateas hereby
<br />secured 9I, at the option of The Uquitable. Building and Lean Assrx:iaticm Of Grand Island, Nebraska,become immediately due and payable without
<br />further notice, and the amount remaining due under surd bond, and any other bond for any additional advances nude thereunder, shall, from the
<br />date of exercise of said option, hear interest at the aruxunum kpyl rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />brnd,alnd any othn bond for additional advances, together with all sums paid by said The (Equitable Building and loan Association of Grand Island,
<br />Nebraska for insurance. taxes and asvessnen,s, and abxtracling extension charges, with inferest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond wcused hereby, while this mortgage remains in effect the moilgagee may hereafter advance additional sums to the
<br />makers Of said Bond. their aesrgns are succesrcns in interest, whit 1; sums shall be within the security of this mortgage the carne as the funds originally
<br />secured thereby, the total amount of prncipal debt not to exceed at any tine the Original amount of this mortgage.
<br />Dated this 7th day of Octcber A. U.. 14 65
<br />SIATF nF NFBRASKAJ ss. (In uses 7th day Of Octcikx'r
<br />Iy 8� r before me,
<br />,
<br />COUNTY Of, HALL
<br />the undersrgred, a Notary Public in and for aid
<br />L''Irta_t L. lyh.Krtight aral Hazel ML- Yjuglat, t +ach lit his Yxr
<br />t'ounly, Personally Came
<br />atci cxvn rigl> oI)d to
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<br />err to he the rkntnal peran,s -knot flan", 8 i1lt_ alt,xed to the above instrument as nn•rtgsgort-,
<br />and t lr•}, severally
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