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<br /> MORTGAGE
<br /> MORTGAGELOANNO. L 22�66
<br /> KNOW ALL MEN BY THES$PRESENTS:That RO9E'P G. Peterson`;dtlC� �"�dY',y E. Peterson, each 7 fl hT5 dllC�
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<br /> her own right and as spouse of each other
<br /> Mortgagor,whether one or more,in consideration oB the sum of
<br /> � Forty-Seven Thousand and No/100----------------------------------------------------DOLLnRs " '
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Moctgagee,upon 4�0 shares of stock of
<br /> said ASSOCIATION,Certificate No. L 22766 ,do hereby grant,convey and mortgage unto the snid ASSOCiATION ihe foilowing
<br /> described real estate,situated in Hall County„Nebraskai
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<br /> LOT SEVEN (7) WESTERN HEIGHTS SECOND SUB—
<br /> DIVISION, HALL COUNTY, NEBRASKA.
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<br /> y,�� ����togetlier with all Uie tenements,hereditamen[s�and appurtenances tliereunto belonging, including attached�floor cuverings,all window screens,
<br /> � �� .window shades,blinds,storm windows,�awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> refrigerators,and other fixtures and equipment now or hereufter attached ro or used in connection with said real estate.
<br /> And whereas the said mortgagor has agreed and does hereby agree that the tnortgagor shall and will pay all taxes and assessmen[s levied or
<br /> assessed upon said premises and�pon this mortgage and ihe bond secured thereby before the same shall becoroe detinquent;to furnish approved
<br /> insurance upon the buildings on said premises situaied in the sum of$4��OOO.UO payable to said ASSOCIATION and to deliver to said
<br /> �.�-�p �ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises, . . .
<br /> a�� �� �� ln case of default in the pertormance of any utthe terms and conditions of this mortgage or [he bond secured hereby,the mortgagee shall,
<br /> '.�on demand,be�entitled[o immediate possession of the mortgaged premises and the� mortgugor hereby assigns, transfers and sets over[o the �
<br /> + �. . �� mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shxll remain
<br /> unpaid;and tfie 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 collec[ing the rents,revenues and income,and it may pey out oF said income all�expenses bf repairing said�premises and necessary
<br /> `p:� commissions and expenses incurred in�renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,�to be �
<br /> . . applied.Yoward�the discharge of said mortgage indeb[edness;these rights of the mortgagee may be exercised at any time during Ihe existence of such
<br /> � de(ault,irrespective of any temporary waiver of[he sume. � . � �
<br /> � - ��These Presents,however�,are upon[he Condition,That if the said Mortgagor shall repay said loan on ur before the maturity of said shares by
<br /> payment;pay monthly to said ASSOCIATION of the sum specifled in the Bund secured hereby as interest and principal on ss�id loan,on ot before�
<br /> the Twentieth day of each arzd every month,until said loan is fully paid;pay all[axes and assessments levied against said premises a�tdon this Mortgage
<br /> � � and the Bond secured Ihereby,before delinquency;furnish approved insurance upon the�buildings thereon in the sum of 3.4J��0�.�Q payable
<br /> . � to said ASSOCIATION;repay to said ASSOC[ATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> [he maximum lega!rxte thereon from date of payment ali of which Mortgagor hereby agtees to pay;permit no svaste on said premises;keep and�compiy �
<br /> �� with�all the agteemen[s and conditions af the Bond for S 4]�QQQ.QQ this day given by the sxid 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 /> . shal!�remain in full force and mxy be foreclosed at the�option of the said ASSpC1ATION after failure for three months to make any�of said
<br /> , �� payments or be lhree months in arrears in making said munthly payments,or to keep and comply with the agreements and conditions of said Bond; . �
<br /> � and Mortgagor agrees to have a receiver apgointed forthwith in such foreclosure proceedings. � . �
<br /> . � � If there is�any change in ownership of the real estate mortgaged herein,by sale or otherwise,Yhen the ent3re remaining indebtedness hereby
<br /> . �� �secured shall,at�Yhe option of The Equitable Building and Loan Association of Gzand Island,Nebraska,become inunediately�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 /> r � . date of exercise of said option,Uear interest at the maximum legal rate,and this mortgage rnay then be foreclosed to satisfy the amount due on said � �
<br /> ��bond,and any uther bond tor additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island, �� � � �
<br /> r � � 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 lhe Bond secured hereby,while this mortgage remains in effecl.the mor[gagee may hereafter advance addi[ional sums to the . � � .
<br /> � makers of said Bond,their assigns or successors in interest,whicli sums shall be within the security of this mortgage the same as the funds originally � �
<br /> j`� � secured ihereby;the rtotal amount of principal debt not to exceed at any time the original amount oF this mortgage. � � � -
<br /> � `/'"'^_T'�fF`� Z�' day of �-..-.�-�..� A.D..19-'��
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<br /> r M y*� _ ..terson
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<br /> STACOUNTY O���. On this 2 9 th. day of JU�-Y 19 7 7 ,be:ore me, i
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<br /> ti ` JOhIlSOri the undersigned;a Notary Public in and for said County,personaily came , _ ;F y ='�
<br /> Roger 6. Peterson and Mary E. Peterson, each in his and her own right and as spouse of each s� �,�
<br /> ot�ie r ' Wh� are personaily known to ,�'
<br /> �„ ' me to be tho-identical person S whose nameS dP@ afFixed to theabove instrument as mortgagoc5 and th2,yr severally '``��
<br /> s��_:,
<br /> � acknawledged the said instrument to be tf7f?7 Y' voluntary act and deed. ,r
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<br /> '+ � � WITNESS my hand and Notarial Seel the date aforesaid:� � �,� .�� � � � �
<br /> � E4y Comm�sion expires (,jty) r i=�`����� t! (_ J �I,�7�^� e' ,
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<br /> STITE Ii1Ait� �t1i' Notely r„bi,� '
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