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<br /> 000332
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<br /> MORTGAGE .
<br /> MORTGAGE LOAN NO.L
<br /> KNOW ALL MEN BY THESE PRESENTS:That Alfred W. Beckler and Judith K. Beckler, each in his
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<br /> and her own right and as spouse of each other, Mortgagor,whether one ormore.inconsideration ofthe sum of
<br /> Ten. Thousand Two Hundred and No/100 DOLLARS `'
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 1 02 shares of stock of
<br /> said ASSOCIATION, Certificate No. L 21 ,940 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> 5M,
<br /> LOT SEVEN (7) IN BLOCK SEVENTY (70)
<br /> WHEELER & BENNETT'S SECOND ADDITION TO
<br /> THE CITY OF GRAND ISLAND, 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 secured thereby before the same shall become delinquent:to furnish approved
<br /> insurance upon the buildings on said premises situated in the sum of$ 10,200.00 payable to said ASSOCIATION and to deliver to said
<br /> e 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 />'a • 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 /> 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 /> e commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom: the balance remaining,it 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 /> 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$ 10,200.00 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 legalrate 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 10,200.00 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 of 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 suns 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 14th .day of January A.D. 19 76
<br /> Alf �d W. Beckler 12i_<dc / >��c_1..
<br /> t/ udith K. Beckler
<br /> STATE OF NEBRASKA, ss On this 14th day of January 19 76 ,before me,
<br /> COUNTY OF HALL 'fir
<br /> the undersigned,a Notary Public in and for said County,personally me
<br /> Aifred W. Beckler and Judith K. Beckler, each in has and her own right and as spouse or
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<br /> eac who are personally known to
<br /> ,. J 11k C on S whose name S are affixed to the above instrument as mortgagor S and they severally r ,
<br /> acknowledged the saiSl insf�ttment to be their voluntary act and deed.
<br /> WITNESSf y hand and Notarial Seal the date aforesaid. \ l ilfsg
<br /> My c:orntrec cion expires —1\
<br /> 3732M Notary Public
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