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<br /> 76_ 000079
<br /> MORTGAGE
<br /> KMORTGAGE LOAN Not.219 30
<br /> r ; KNOW ALL MEN BY'THESE PRESENTS:That Donald,E. Meyer and Patricia M'. Meyer, each in his and
<br /> her own-right and as spouse of each other,
<br /> r Mortgagor,whether one or more,in consideration of the sum of
<br /> %,..;5',?:/.. -'::-. Thirty-nine Thousand and No/100 . nYLLA h
<br />,tv loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 390 shares of stock of
<br /> said'ASSOCIATION,Certificate No.L 21930 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following • •� -
<br /> or described real estate,situated in Hall County,Nebraska:
<br /> LOT TWENTY-ONE IN RAVENWOOD SUBDIVISION, SECTION
<br /> THIRTEEN (13), TOWNSHIP ELEVEN (11) NORTH, RANGE . , ' : ..
<br />§r` NINE (9) WEST OF THE 6TH P.M, , HALL COUNTY, 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,heating,air conditioning,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 secure theAeby before the same shall become delinquent;to furnish approved
<br /> insurance upon the buildings on said premises situated in the sum of S 3Y'Up 0.00 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 the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> i 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 reins,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 the 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 same. •
<br /> These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br /> s; payment;pay monthly to said ASSOCIATION of the sum specified in 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 thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 39,000.00 payable
<br /> @ to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at -
<br /> 6� 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 S 39�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 may be foreclosed at the option of the said ASSOCIATION 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 proceedings. •
<br />- If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand lsland,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 V. 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 Equitable Building and Loan Association of Grand Island,
<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 or successors in interest,which sums shall 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 any time the original amount of this mortgage.
<br /> Dated/this 2 day od. January A D.,1l 76
<br /> C��
<br /> �: -' x/,;7!, _,V /r `-/Y `/' , '
<br />$, Donald E. Meyer Jr' Patricia M. Meyer I
<br /> SLATE OF NEBRASKA,
<br /> COUNTY OF HALL On this 2nd day of January 1976 ,before me,
<br /> the undersigned,a Notary Public in and for said County,personally came I.
<br /> Donald E. Meyer and Patricia Meyer, each in his and her own are ti
<br /> who personally known to
<br /> right and as spouse of each other,
<br /> nie-to be the identical person._ S whose names affixed to the above instrument as S and they severally
<br /> :::. .,. .",1,.',.'.''..-...
<br /> arddfiowledgedthe said instrument to be their voluntary act and deed. \ •
<br /> A i ", WITNESS my hand and Notarial Seal the date aforesaid. .l "`-.7 /r
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<br /> r-- ,Z: -'�„1 / / `rotary Public
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