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79-~~~ l! ~ 11 ~
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23$EO
<br />KNOW ALL MEN BY THESE PRESENTS: That Lyle D. Hi 11 and Norma G . Hi 11 , each i n his and her
<br />own right and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty One Thousand and NO/100--------------------------------------------------------HOLLARs
<br />loaned to said mortgagor by The Equitable Building and Laan Association of Grand Island, Nebraska, Mortgagee, upon 210 shazes of stack of
<br />said ASSOCIATION, Certificate No. L 2~46D , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT ONE (1),"IN WALKERS'S SUBDIVISION; AN ADDITION
<br />TO THE CITY OF GRAND ISLAND, NEBRASKA
<br />together with aB the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />wiadow shades, blinds, storm windows, awnings, heating, air conditioning, and plumbi:rg and water equipment and accessories thereto,pumps, stoves,
<br />refrigerators, and ocher t'ixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and wilt pay all saxes and assessments levied ar
<br />asaessed upon said premises and upon this mortgage and the bond secured thereby before the same sha$ become delinquent: to furnish approved
<br />insurance upon the btti3dings an said premises situated in the sum of S 21 ,DOD. DD 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 rase of default k the performv~ce oC any oC the terms and conditions of ttus 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 oret to the
<br />mortgagee all the rcnts, rcrenues and income to he derived from the mortgaged premises during such time as the mortgage indebtedness.sha$ retttain
<br />unpaid; and the mortgagee shall hays the power to appoint any agent or agents it may desire- for the purpose of repairing said premises and renting
<br />the same and wl1ecling the rents, reventees 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 mavaging the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge a(said mortgage indebtrdness; these rights of [he mortgagee may be exercised at any time during the existence of such
<br />dstault, irrespective of any temporary xairer of the same.
<br />These Presenu, however, att upon the Cordifion, That if the said Mortgagor sha$ repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCiATlON oC the sum specified in the Bond secured hereby as interest and prir.;ipal on said loan, on ar before
<br />the Twentieth day rf each and every month. until said loan is fully paid; pay all taxes and assessments levied against said premises and an this Mortgage
<br />and the Bond secured thereby, befo; a delinquency: furnish approved insurance upors the buildings thereon in the sum of S 21 s (~D• D payable
<br />to said ASSOCIATION: repay to said ASSCtCI,ATION upon demand all money by it paid for such taxes, assessments and insurance with interert at
<br />the maximum legal raft thereon from dare of payment all of which Mortgagor hereby agrees to pay; permit no waste on said pretttises; keep and comply
<br />wi€h all the agreemrnis and waditians of the Band for S this day given by the said Mortgagor to said pSSQCIATION, and comply
<br />with a8 the raquiremenis of the Constitution and $y-Las bf SaStt'A9S'O('tA770N; then these presents shat become null and void, otherwise they
<br />.t.att rerrsain k fu{1 forte and may be foreclosed at the option of the said ASSOC1AT10N afrcr failure for three months to males any oC said
<br />payrnenis or be three months is arrears in making said monthly paymrnts, or to kelp and comply wide the agreemcnts and ~ronditions of said Bond;
<br />aml Mangagor agree to have a receiver appointed forthwith in such foredustrre proceedings-
<br />If there is any cftange ;n ownership of the real estate mortgaged herein, by sate or otherwise, then the entire remaining indebtedness hereby
<br />secured shalt, ai the option of The Equitable Building and Loan Association o£ Grand island, Nebraska,bernme immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made [hereunder, shag, from the
<br />date of exerci~ of said option, bear interrn at the maximum legal rate, and this mortgage may then be forerdosed to satisfy the amotmt due on said
<br />bond,and any other bond for additional advances, together with cell sums paid by said Tlx Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessmet•.ts. and abstracting rxmnsion charges, with interest thereon, from dots of payment ai the maximum
<br />legal r.#e.
<br />As provided in the Bond secured hereby, wttik this mortgage remains N effect the mortgagee may hereafter advance additional sums to the
<br />tffikers of said Bond, their aasigtts or suecessars in interest, which sums shall be within the security of this mortgage the cams as the funds originally
<br />secured thereby, the fatal arrtount of principal debt trot to exceed at any time the original amount of this mortgage.
<br />fed this 2Jth day of June A. D., 19 79
<br />tdorma:°G.. Hi71
<br />STATE OF PiE$RASKA, ~ ~ On this
<br />EOUN7'Y (TF HAt i 27th. daY of June 19 79 , bsfare me,
<br />che underaigrtsd, y nr1otary Pu Bc in end for said Co ty, personally came
<br />lyle~Ii. Hi7T and lklrl~a 6. Hill, each in his and tier own right an~as spouse ot~each
<br />ther ~ wile are PsrsonallY known to
<br />va~~
<br />~ tabstlre identical pstson 5 i>'n7gtae°-S.,'° :; affued to the above irrstrtrmsnt as rnortgagorS and they severally
<br />ackittrivkdged flu acid instntmmt t ~ ,~' ,`~"~t~ieir~ s
<br />ast and deed.
<br />WITNESS my itttdldotatil®Ss9'iiFte to 'd.
<br />MyComntission % /~~
<br />•. G
<br />o-t•sat set ~5~ a j "'' ,.'; ~; ~;.•' i•R~ > Notary Pu61ie
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