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<br /> 000560
<br /> i' MORTGAGE
<br /> -_ h10RTGACE LOAN N0. L 21,969
<br /> KNOWALLMENBYTIIESEPRESENTS:That Delbert D. Theasmeyer and Lois A. Theasmeyer, his wife, and , ,
<br /> Norman A, Buck and Betty J. Buck, his wife, Mortgagor,whether one or more,in consideration of the sum of •
<br /> Thirty-four Thousand and Nn/100 -DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon 340 shares of stock of
<br /> • t- said ASSOCIATION,Certificate No.L 21 969 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> r- described real estate,situated in Hall County,Nebraska:
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<br /> LOT ONE (1) IN BLOCK FOURTEEN (14) IN
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<br /> KERNOHAN AND DECKER'S ADDITION TO THE CITY
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<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 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$34,000.00 payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance;and not to commit or permany 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 /> 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 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 S 34 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;permit no waste on said premises;keep and comply
<br /> wills all the agreements and conditions of the Bond for$ 34,000.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and ByLaws of said ASSOCIATION;then thesepresents 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.
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<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 far additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand island,
<br /> ls Nebraska for insurance,taxes and assessments,and abstracting extension charges,with interest thereon,from date of payment at the maximum
<br /> legal rate.
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<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 /> based this 7�221
<br /> 2 day of February A.D.,19 766 �/
<br /> O
<br /> .�. / sl�,er/ ois� asmeyep, •
<br /> Nor t;n B ck — Betty J i° tic.
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<br /> STATE OF NEBRASKA, s ' On this 211d day of February 19 76 ,before me, •
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<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> Delbert D. Theasmeyer and Lois A. Theasmeyer, his wife, and Norman A. Buck and Betty J. •
<br /> BUC • 1 f e, Who are personally-known to
<br /> o ue-itfe'm' arsons whose names are affixed to the above instrument as mortgagor S and they severally
<br /> 'acknot,ledged tfrosaid ih$trument to be their voluntary act and deed.
<br /> WITNI? S my hand and Notarial Seal the date aforesaid. •
<br /> ' My Cprtt�nlssion expires `` 1 n` 1�t 1.\‘1.\‘ `i No `t s
<br /> ',3.73-7M •rA• Notary Public
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