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<br /> MORTGAGE
<br /> MORTCAGE LOAN NO. L 22,81O
<br /> KNpWALLMF,NBYTHESEPRESENTS:That Robert J. Saker and Mary L. Baker, each ltl f11S and her
<br /> � own right and as spouse of each other,
<br /> '�. � . � � � � ---_ Mortgagor=whether one or more=in consideration of the sum of
<br /> % Thirtv Thousand and No/100------------------ �oLLA�ts
<br /> � louned to said morigagor by The Equitable Building and l,oan Association of Crand Island,Nebraska,Mortgagee,upon 3�� shares of stock of
<br /> said ASSOC1ATIpN,Certificate No.L 22,810 ,do hereby granx, convey and mortgage unto the said ASSOCIATION the following
<br /> � described real estate,situa[ed in Hall Coun[y,Nebraska: � .
<br /> LOT TWO (2), BOB SUBDIVISION, CITY OF
<br /> GRAND ISLAND, HALL COUfJTY, NEBRASKA.
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<br /> toge[her with all the tenements,herediiaments and appurtenances tfiereunto belonging, including attached t7oor cvverings, all window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plurnbing and water eyuipment and xccessories thereto,pumps,stoves,
<br /> refrigerators,and other fixtures and equipment now or hereafter a[tached to or used in cunnect.ion with said real estate.
<br /> � � And whereas the said mortgagor has agreed and does hereby agrec that the mortgagor sha11 and will pay all taxes and assessments levied or
<br /> . assessed upon said premises and upon this mortgage and the bond sec r d,( e eby before [he same shall become delinquent;to furnish approved
<br /> insurance upon the buildings on said premises situated in the sum of S��,u��.U� payable tu said ASSOCIATION and to deliver [o said
<br /> ASSOCIATION the policies for said insurance;and not[o commit or pennit any waste on or about said premises; � .
<br /> �ln case u(default in[he performance ot any of ihe terms and conditions of this morcgage or the bond secured liereby,the mor[gagee shall,
<br /> on demand, be entitied to immediate possession uf the mortgaged premises and ihe mortgagor hereby assigns, [ransfers and sets over to the
<br /> mortgagee all the renis,revenues and inwme to be derived from the rnortgaged premises during such time as 2he mortgage indebtedness shaA remain
<br /> f � unpaid;and the muctgagee shall have the power[o 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 s�id income all expenses of repairing said premises and neeessary
<br /> wmmissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if nny,[o be
<br /> applied toward the discharge of said murtgage indebtedness;these righcs of the mortgagee�nay be exercised at any time during the existence of such �
<br /> de(ault,irrespective of any iemporary wsiver of the same. .
<br /> These Preu;nts,however,are upon the Condition,Tha[if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br /> payment;pay montlily to said ASSOCfATION of tlie suin specified in the Bond secured liereby as interest and principal on�said loan,on or before �
<br /> the Twentieth day oC each and every monUi,until said loan is fully paid;pay all taxes and assessments levied agsinst said premises and on[his Mortgage
<br /> '�� and the Bond secured thereby,before delinquency;furnish approved insurance upan[he buildings thereon in the sum of$ 3O����.�� payable � �
<br /> � lo said ASSOClATIO?V;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> the maximum legal rate thereon from date of'payment atl of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply � .
<br /> wi[h all ti�e agreements and conditions of the Bond Cor$ 3�����.��this day given by the said Alortgagor tu said ASSOCIATION,and compty �-
<br /> with all the requirements of the Constitutlon and By-Laws of said ASSOCIATION; then these presents shall become null and void,otherwise they � .
<br /> shall remain in full Force and may be foreclosed et the option oC the suid ASSOCIATION atter failure for three months to.make any of said
<br /> payments or be three miinths in arrears in making said monthly paymen[s,or to keep and compiy with the agreements and conditions of sa'rd Bond; � � �
<br /> and Mortgagor agrees to have a receiver appointed forchwith in such foredusure proceedings. .. .. .
<br /> If there is any change in ownership of[he real esta[e mortgaged herein,by sale or otherwise,tlten the entire remaining indebtedness hereby �
<br /> secured shall,at[he option of The Equitable Building and Loan qssociation of Grand Island,Nebraska,become immediately due and payable without ��.
<br /> furtlier�nutice,and [he 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 Yhe amount due on seid ��
<br /> bond,and any uther bond for additional advances,together with all sums paid by said Thc Equitable Building and Loan Associatiai of Grand Isiand, �� � �
<br /> � Nebraska for insurance,taxes and assessments,and aUstracting extension charges, wi[It interest thereon, from date of payment at the maximum �
<br /> legal rate. � �
<br /> As provideJ in the Bond secured hereby,while this mor[gage remains in effect [he mortgagee may hereafter advance additional sums to the �
<br /> makers of said Bond,their assigns or successors in interes[,wluch sums shal]be within the security of this mortgage the same as the funds originally � � �
<br /> � secured thereby,the total amount of principal debt not to exceed at xny time the original amount of this mortgage_ � �
<br /> Dated this 13th aay of September A.D.,i9 7
<br /> �r:c- �� .s�L-,,. �a`�cs X��'..-�,G.��
<br /> Robert J. aker Mary L aker
<br /> STATE OF NEBRASKA,i �
<br /> t ss. On this 13th day of September 19�� ,before me,
<br /> COUNTY OF HALL� ��f � ,
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<br /> the undersi ned,a Notaq�Public in and for said County,personally came � . � J�,.,
<br /> Robert 9. Baker and Mary L. Saker, each in his and her own right and as spouse of each � s� t�'
<br /> � � � � . wl�o .dT.•e personally known to � ,;,
<br /> � �a�e {,tba4l�j�l� rson S whose name S affixed to the above instrument as mortgagocS and th2.y severally ' `"'s
<br /> avKaiowledge�'�}tg sai strument to be thel r voluntary act and deed. ���:
<br /> y • NOTAkY R'i SS my hend and Notariai Sea1 the date aforesaid. 1 � .
<br /> . � • COMM���]ON � A �, . . .
<br /> 'on ex ires �
<br /> � � EXF'tRcS �Y�`' P \����—�,pO��.1� i��° � � �.� �I~ ` /' .w,
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<br /> .. ,�+ �y�31.�5,•'��`�' . �� � � � � � Notary Public . � �
<br /> ��F OF�NE�RP
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