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8®~filn~,~s,
<br />tdORTL:AGE
<br />I~XIGA[:EI.OANNO. L 23,856 M6I
<br />IQtowALLIIENSVTHESEPRESENTS:That James K. Grim, a single person
<br />Idortga6str, raheflaet Otte Or nose, in Wa6d~tm of 1160 ~
<br />Eleven Thousand Seven Hundred and No/i00--------------- - ---- ~~~
<br />bared to said trnrtgagor by The Egtritabk Beading and Loan Aasorataoo of (;rand is6od, Nebraska, Efottga¢e, ttpon. ' 7 7 7 adeea r£ smrk of
<br />avid ASSOCIATION, G•rtif'wu No. L 23, 856 MGI C, do hereby gnat, convey soil rmrtp¢ tmto the ,aid ASSOCIATION the foBow®g
<br />deacn"bed real eau, situated iQ KaB County, Nebraska:
<br />LOT THREE (3) Iv BLOCK FOURTEEN (14) OF GILBERT'S
<br />ADDITION TO THE CIjY OF GRAND ISLAND, NEBRASKA.
<br />together with all the tenements, bereditaments and appurtenances thereunto belonging, including attarhed floor coverings,. alt window scrceos,
<br />window shades, blinds, storm windows, awnings, heatirtg, air conditioning, and plumbing and water equipment and accesaorks thereto, pumps, stoves,
<br />refrigerators, and ofF.er 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 morty~ge and the bond secured therebv before the same shah bernme delinquent; to furnish approved
<br />insurance upon the buildings on said prentses situated in the sum of $ i 7 , 700. OO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the potiries for said insurance; and not to commit or permit any waste on or about said premises;
<br />to case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be enffiled to irnnxdiate possession of the mortgaged premises and the mortgagor hereby assigns, nansfcrs and sets aver to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such tune as the mortgage im'ebtedrress shall tenraitt
<br />unpaid; and the mortgagee shall have the power to appoint any agent rn 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 may pay out of said income all experrxs of repaering said premises and necessary
<br />sx:rnmissiom and ex~nses incurred in renting and mango; a the same and of collecting rentak therefrom; the balance remainurg, ff any, io be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any tirt:e during the exisunce of such
<br />default, irrespective of any temporary waiver of the same.
<br />'fh~ t'resents, Isawever, are upon the Condition, That ii the said Mortgagor shall repay sad loan on or before the maturity of said shares by
<br />payment; pay monthly fo said ASSOCIATION of the sum specified in the Bond secured hereby as interest and prindpa! on mid 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 an this Mortgage
<br />soil the Bond saured thereby, before delinquency; furaisit approved insurance upon the buildings thereon in the sum of $ 17 700. On payable
<br />to said ASSOCIATION; repay to said ASSOC[ATION upon demand all money by it paid for such taxes, assessments arrd ins~rrance wit~t interest at
<br />the maximum legal rate therron from date of payment all of which Mortgagor hereby agrces to pay; permit no waste on said prcmises;kcep and comply
<br />with aU the a~cements and conditions of the Bond for $ 7 7 700. OO this ~Y given by the said Mortgagor to said ASSOCIATION, and comply
<br />with aU the requvernents oC the Constitution and By-laws of said ASSOCIATION; then these presenu sltaB become nail and void, otherwise they
<br />shell remain rn full fora and may be foreclosed at the option of the said ASSOCIATION after failure fur three months to make any of said
<br />payr>«nu or be throe months k azrears in making said monthly payments, or to keep and comply with the agrcernents and conditions of said Bond;
<br />and Mortgagor agrees m have a receiver appointed Corthwith in such foreciosme proceedutgs.
<br />If iberc is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the enCue remaining indebtedness hereby
<br />secured shah, at the option of The Equitable Builttiag and Loan Association of Crand Island, Nebraaks,become immediately due and payable without
<br />further notice, amt the amount remaururg due under said bond, and any other bond for any additksnai advances made thereunder, shag, Crom the
<br />date of exercix of said option, bear inurest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amomt due on said
<br />bottd,and any other bond for additioml advances, together with all sums paid by said Tlx Equitable Budding and Loan Association of Crond (stand,
<br />Nebruka fur insurance, taxesand asacssrrxnts, sad abstracting extension c}targes, with interest thereon, from date of payment at the maximum
<br />legal ntc. - _,
<br />As provided in the Bondsecured hereby, whae this mortgage remains m effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their ass~trs or successstrs in intttest, which sums shall be within the security of this mortgage the same as the funds originally
<br />sutured thereby, the total amount of principal debt not to extxxd at any time the original amount of this mortgage.
<br />f~ tltia 14th: day of November A. n., lv 80
<br />Ja7Bes K.` ~rlm ..
<br />B~ATEO~NEBRASKA,~ -° 14th.
<br />ss. ~ On this
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<br />" n,y.,r November I, 80 ______
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<br />CUUIV
<br />I
<br />Y OF HALL' ~ ""°'
<br /> the umkrsigned, x Notary Public in and for said County, personally came
<br />James K. Grim, a single person who is persona{Iy let own to
<br />Itte to be the identical person whose :tame 1 S affixed to the above inalta+.wett[ as mortgagor and he ~
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<br />aakaowledged the said instrument to be h 1 S votuntuy act and
<br />WITNESS my hand and Notarial $sa! th
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<br />waxar xs GENERAL NOTARY ~ Stals of NebrnNa ,
<br />C~ _ ~ - No4ry Pubbc
<br /> JAIAES W. OL50N
<br />My Comm. Ixp. Nov. 12, 1963
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