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<br /> T6 000451
<br /> MORTGAGE _
<br /> - MORTGAGE LOAN NO. 1-21,963 U
<br /> KNOWALLMENIIYTiIESEPRESENTS:That Robert J. Tesmer and Eileen B. Tesmer, each in his and
<br /> her own right and as spouse of each other, Mortgagor,whether one or more,in consideration of the sum of '
<br /> • Twenty-eight Thousand Three Hundred Fifty and No/100 'DOLLARS
<br /> "Ii."',.." loaned to said mortgagor by The Equitable Building and Loan Association of Grand island,Nebraska.Mortgagee,upon 283 shares of stock of
<br /> 'l said ASSOCIATION,Certificate No.L 21,963 MGIC,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in hall County,Nebraska: .
<br /> •
<br /> i
<br /> fc
<br /> LOT TWO (2), IN FRACTIONAL BLOCK TWO (2),
<br /> IN ASHTON PLACE, AN ADDITION TO THE CITY
<br /> ' OF GRAND ISLAND, 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,atoves,
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> And whereat the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes andassessments lesied 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 5 28,350.00 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 /> r: on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers andsets 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 /> ;, 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 suds
<br /> H default,irrespective of any temporary waiver of the same.
<br /> These Presents,however,arc 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 alt taxes and assessments tested 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 5 28,350.00 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 maxitnum 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 28,350.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Latus 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 arty 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 /> t?;. 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,front date of payment at the maximum
<br /> legal rate.
<br /> • As' 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 mottgage.
<br /> Dated this 29th day of January Al).,lv 76
<br /> ▪ � •-
<br /> • No er i. Tesmer El een B. Tesmer
<br /> STATE OF NEBRASKA, ss. On this 29th day of9
<br /> r; COUNTY OE HALL II January I 76 ,before me, •
<br /> the undersigned,a Notary Public in and for said County;personally ane
<br /> Robert J. Tesmer and Eileen B. Tesmer, each in his and her own rightiand as speouse ofuw�llo
<br /> ,, each other, are prs
<br /> me to be the identical persons . whose nameS are affixed to the above Instrument as mortgagor S and they severally
<br /> acknowledged the said instrument to be their voluntary act and deed. r'
<br /> TiIHTNL•SS my hand and Notarial Seal the date aforesaid. •
<br /> My Commission expires
<br /> &132M1 Vann'; t TsaF•St;t 1 . NutanPubli
<br /> F Ci t;P,il r. �-/
<br /> Fel.. it My i:ct 1t Lxe.n'eo 11,191(1
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