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bb-- 102198
<br />MORTGAGE
<br />-- — - -�__— = MORTGAGE LOAN NO. L . 24.481
<br />KNOW ALL MEN BY TIIFSE PRESENTS: That Wilbur D. Hillman anti Velma L. Hillman, each in his and
<br />her cwn right and as spouse Of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />—empty_ '�. -Thn is nd and rr /1Q0_— - ---------- --- .r-- c ---------- - -- —DOLLARS
<br />loaned to said murtgager by The Fquitable Building and l..an AssoCutKnn 0 £;aand island, Nebraska, Mortgagee, upon 230 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,481 , do hereby }rant, a,nsry and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in flail County, Nebraska:
<br />Lots One (1) and Two (2), in Hillman Subdivision of
<br />a part of the Southeast Quarter of the Southeast Quarter
<br />(SE;SE,) of Section One (1), Township Eleven (11) North,
<br />Range Nine (9) West of the 6th PM.., Hall County,
<br />Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, !eating, air crmdntoning, 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 on said premiss situated in the sum of S 23,000.00 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 of 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 riic mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to he derived from the mortgaged premiss during such time as the mortgage indebtedness :lull remain
<br />unpaid; and the mortgagee shall have the power to 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 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 managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward rte 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 temporary waiver of the some.
<br />Tbe,se Presents, however. arc upon the. Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASS(X'IAT10N of the sum specified rn 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 therehv, before delinquency, furnish approved insurance upon the buildings thereon in the sum of 5 23 , 000.00 payable
<br />to said ASSOCIATION: repay to said ASSOCIATION upon dernd 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 5 23, 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and pray he foreclosed at the option of the said ASSMATiON after failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure pfuceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by We or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become 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 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 due on said
<br />bond,and any other bond for additional advances, together with all sums paid by said The F;quitable Building and Loan Association of Grand (,land,
<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 may hereafter advance additional sums to the
<br />makers of said Bond, their assigns of successors in interest, which sums shall he within the security of this mortgage [tie sane as tike funds originally
<br />secured thereby, the total arriount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this 16th day, of Apri 1 A. D., 19 86
<br />l
<br />STATE OF NLBRASiCA.
<br />vs. C)n this 16 t day :;f F -1jr11 1986 , before ne,
<br />COUNly OF 11AH,
<br />the undetsigncd.:a Notaoy Public ut and for said County, peisonaliv ca e
<br />l� Wilbur. L. flilirrran arts? Ve Ina L. fii 111""1, each in his Morel lt:r awn riglkt elrxi as spo
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<br />wn to
<br />nx to F>^ Uri >drnterat persea, ,r wh, sr :,ante :3 3rC snorer,' 1" •h, :,'—c i u,u rtgagm ,�i and t(x.'.y severally 1�
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