|
~~Y ~
<br />MORTGAGE to r~r~cort3 mortga„~e rtes shag I.ouiee t''1, t',et?,a-i P~.zler' name in boa',~;r oi" mortgage,
<br />- -_^' - MORTGAGE LOA.aI NO. L Z3do,Z
<br />xNOV7ALL MEN By THESE PRFSh'NTS: That John R. Mil 1 er (a single person) and Louise M. Degen
<br />Miller, a single person
<br />-- -- -Mortgagor, whether one or more, in amsideration of the sum of
<br />Twenty Five Thousand and NO/100----------------- -----------------_ ------boLLARs
<br />loaned to said mortgagor by The Equitable Buiidutg and Loan Association of Grand Islatrd, Nebraska, MoRgagee, upon 250 shares of story of
<br />said ASSOCIATION, Certificate No. L 234 , do hereby grant, convey and moRgage unto the sand ASSOCIATION the foflowing
<br />destaibed real estate, situated in Hall County ~ebraska:
<br />Lot Eight (8) In Black One Hundred Thirty Three (133) In Koenig and Wiebe's
<br />Addition To The City of Grand Island, Hall County, Nebraska.
<br />together with a6 the tenements, hercditarrtents and appwtenancts thereunto belonging, including a[tactud floor wvetin8t, a8 window xreeas,
<br />window shades, blinds, storm windows, awnings, heating, air txrndltioniteg,and plttmbingand water equipmeat and atx+emsi;a thercto,putitpv,ttoves,
<br />'refrigerators, and other fixtures and equipment row or hereafter attached to of used in ~nncction with said real cstrte.
<br />And whereas the said mortgagor has agreed and dues hereby agree that the mortgagor sha!1 and will pay all taxes and assesamenu levied or
<br />,messed upon sand premises and upon this mortgage and the band secured thereby before the same shhali berntne dtlirsgtrent; io furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 3 2~ r 0~() , ~~ payable to said ASSOCIATION and to deliver to said
<br />' ASSOCIATION the policies Cor said insurance; and rot 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 secured hereby, the tttortgagee stud,
<br />un detimttd: ~ entitled eortnmediate possession oC the rttoRgaged premises and the mortgagor her..^.by assigns, transfers and sets over io Lhe
<br />mortgagee all the teats, revenues and income [o be derived from the mortgaged premises during such time as the rnoRgage indebtedmss shah reuuin
<br />unpaid; and the mortgagee shat! have the power to appoint any agent or agents it map desire far the purpose of repairing said prctrshea and renting
<br />the same and coUeding the rents, revenues and income, and it may pay out of said inrbme aJ expenses of repairing said pretises and necessary
<br />oumtrtissiosu and expenses incurred in renting and managing the sartse and of collecting rontals therefrom; the balaritt rcvudnitrg, if any, to be
<br />apg~d toward the discharge oC said mortgage itsdebtedne~; these rights of the mortgagee troy bz exercised at any time during the existence of such
<br />de7cult,rnespecrive of any ttmpurary waiver oC the same. -
<br />Thesz Presents, howzvzr, are upon thz Condition, "Chat iC [he said Mortgagor shall repay raid loan on or before the tnatu[ity of said sharer by
<br />payment; pay monthly tc said ASSOCIATION of the stun specifud xi the Bond secwed hereby az interest and priacipai on said loan, en ar baCorc
<br />the Twentieth day of eactr and twery month, until said luau is Cully paid; pay all taxes and assessments levied against s:;d premises attd on this Mang
<br />artd the Bossd treated ihcrcrcby, before delittquenc7;; furnish apprarxd insttranct trpon the buildings thereon xi the sum of 5 25,OOD. Q~ pusyabit
<br />ro taxi ASSt7Cit~CiON; repay to said ASStIClA"CiON upon demand ail monep by it Avid Cor such taxes, assesarteats and irtsis[anir with 3nke[est at
<br />the ttsvxio!rr~±t 1P~.A1 rate ihere<?n foam r{ate of paytiwnt a6 of whin!! Mortgagor hereby agrees to pay;perrssit tm waste Dist said prtmi~:s;kxp ar•d c;ata-~.'y
<br />~~ - M! tits agre€mrnts and conditions sf the t3ond tiu ~ 9 ~~ry this day given by the said !dortgagas to said ASStICiATt{l'+,', artd ~trnpty
<br />with all the requirements of the Cotutitution sad By-I,axh~fs~t IATi©N: thtn these presents stud become nub and void, otherwise they
<br />shall remain in full force and rosy be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments ur be three months in arrears in [raking said monthly !rayments, or to keep and comply with the agrtements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />if there is any change in ownership of the rest estate mortgaged Fxrcin, by sale or otherwise, then the entire rensairsing indebtedstess tteteby
<br />treated shad, at tttr option of The Equitahle Buiiding and Lean Assuciatiun of Grand Island,Nebrtuka,becotne immediately due and payable without
<br />fwtlter notice, and the amount remaining due wider said bond, and any other bond for any additional advances made thereunder, stta6, from rho
<br />date of exercise of said option, be#r interest at the maximum legal rat[:, and this ttxrrtgage may then be forcditted to satisfy the atnosmt due on said
<br />tattd, and any other bond fur additional advances, together with a8 autos paid by said The Equitable Bsn7ditsg and Loan Associatiat of Grand Ishm~
<br />Nebraska f« insurance, taxes and asaessnsents, and abstracting exttnaion ctwges, wiW interest thereon, from data of payment at the maximum
<br />rate.
<br />As provided in the Boo.: secured hereby, while this mortgage remains in elTect the mortgagee rosy horedter advaaa additional stttm to the
<br />makzrs of said Bond, their assigns ar succrsstxs in interest, which sutras shall be within the xcstrity of lids rtKrRgage the same az she funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any tirtte the original :mount of this mortgage.
<br />Dated this 20th ~r ~f July
<br />' A• o, Iy 74
<br />r
<br />_
<br />--
<br />R., €~ ~~ _~n ~persi~~
<br />
<br />uise M. De en i er,
<br />STATE Op NE$RASKA, ~ ss. Oa this 20th day of J Ul Y 19 74 , before me,
<br />COUNTY OP HALL
<br />the trade a Notary Public xi seed Car said County, personally ptra
<br />John R. Miller, a single person, and Louise M. Degen Mi ter,
<br />a s i rag 1 e person was a re personally known ro
<br />rrre to be the identiml person 5 whose na[tte d re affixed W the above ' mortgagor S
<br />~ and they severally
<br />atitrrowkdged the said ins[mrnxnt to be thel r voluntary atx and deed.
<br />W[TNESS my hand and Nofuial Seal the daft aforesaid- '
<br />/J f ^'
<br />`'~
<br />ASy Commission expires ,_ /
<br />/ ~~
<br />f C~~
<br />/ s2__
<br />~
<br />t
<br />tat6aM Rt GENERA[ NOTARY • State
<br />f N
<br />b
<br />~
<br />~~ ~
<br />Notary Publi`c~
<br />o
<br />a
<br />,,
<br />_._ .-
<br />JAMES W. 4LSON
<br />My Comm. Exp. Nov, 12, 1979
<br />
|