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<br /> MORTGAGE
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<br /> r; MORTGAGE LOAN NO.`L21 ,945 -- -
<br />�,�ntr KNOW ALL MEN BY THESE PRESENTS:That Norman B. Elstermeier and Diann M. Elstermeier, each in
<br />�p his and her own right and as spouse of each other,
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<br /> 01:1•:" Mortgagor,whether one or more,in consideration of the sum of
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<br /> Twenty Thousand and No/100 DOLLARS
<br /> px loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 200 shares of stock of '
<br /> FFI},+ said ASSOCIATION, Certificate No. L 21 ,945 ,do hereby grata, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in all County,Nebraska:
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<br /> 1,,• :.,. LOT SEVEN (7) , BLOCK ONE (1) , IN
<br />„e,,,•:- JENKINSON SUBDIVISION, HALL COUNTY,
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<br /> i NEBRASKA.
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<br />, together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached fluor 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.
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<br /> ,t 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 premises situated in the sum of$ 20,000.00 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 /> rsr 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 /> us unpaid;and the mortgagee shall have the power to appoint any agent or agerts it may desire for the purpose of repairing said premises and renting
<br /> 16.:. 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 />}t 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.
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<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 /> 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 /> X 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$20,000.00 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 /> the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;pevmi.ao waste on said premises;keep and comply
<br />:,'.,,f-2-.' with all the agreements and conditions of the Bond for$20,000.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and ByLawss 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 /> k: 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 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 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 /> 1, Dated this 1 9th day of January , A.0_19 76 _
<br /> YT Norman :. Eist,ermeier Diann M. Elstermeier
<br />• > STATE OF NEBRASKA, ss On this 19th da
<br /> COUNTY OF HALL y of January 19 76 ,before me,
<br /> r the undersigned,a Notary Public in and for said County,personally came '�.- :
<br /> Norman B. Elstermeier and Diann M. Elstermeier, each in his and her
<br /> own right and as spouse of each other who d re personally known to r
<br /> ' me to be the ident' nf3 s�Ilt,h, whose name S affixed to the above instrument as mortgagor S and they severally
<br /> acknowledged ingteenent their voluntary act and deed.
<br /> O,*11AC NE§5riiy'bandand,Nor
<br /> tarial Seal the date aforesaid.
<br /> sly Coinmliszon expirestd 7 fG 7� •
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<br /> st Notary Public
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