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<br /> 76- nn 105:G
<br /> h ; MORTGAGE
<br /> ,I ; MORTGAGE LOAN NO. L 22,009
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<br /> sc' , KNOW ALL MEN BYTHESE PRESENTS:That Bradley A. Obermiller and Debra K. Obermiller, each in
<br /> F! his and her own right and as spouse of each Other, Mortgagor,wltetheroneormore,inconsiderationofthesumof
<br /> Eighteen Thousand Eight Hundred and No/l00 DOLLARS
<br /> Fa; loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 188 shares of stock of
<br /> ' said ASSOCIATION,Certificate No,L 22,009 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> IS; described real estate,situated in Hall County,Nebraska:
<br /> iti
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<br /> THE SOUTHERLY TWO HUNDRED TWENTY FIVE (225) FEET
<br /> OF THE WESTERLY TEN (10) FEET OF LOT FIVE (5) AND
<br /> THE SOUTHERLY TWO HUNDRED TWENTY FIVE (225) FEET
<br /> _ OF THE EASTERLY ONE HUNDRED TEN (110) FEET OF LOT
<br /> SIX (6), IN BLOCK ONE (1) INGALLS TURNER SUBDIVISION
<br /> ^s TO THE VILLAGE OF CAIRO, HALL COUNTY, NEBRASKA.
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<br /> it' together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> Vii" window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,panipa,stoves,
<br /> t; 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 secuted thereby before the same shall become delinquent;to furnish approved
<br /> <�r; insurance upon the buildings on said premises situated its the sum of S 18,800.00 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 /> t: on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> Viamortgagee all the rents,revenues and income to be derived front the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> a` 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 /> itf the same and collecting the rents,revenues and income,and it may pay out of raid 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 ami,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 /> iii` 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 18,800.00 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;permit no waste on said premises;keep and comply
<br /> Cs with all the agreements and conditions of the Bond for S 18,800.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> A; with all the requirements of the Constitution and ByLaws of said ASSOCIATION;then these presents shall become null and void,otherwise they
<br /> ',i 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 /> ' ort 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 /> a i secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> iia further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the
<br /> ki_.+ 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 /> ti 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 /> F;> Nebraska for insurance,taxes and assessments,and abstracting extension charges,with interest thereon,from date of payment at the maximum
<br /> =i 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 /> 2'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 /> l'ii - secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
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<br /> a, Dated t . 1st /�///J,, day of��„March A..�D.,19 76 /1
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<br /> -t j)l'C1a(1 /i ( /('lhit72l Ph
<br /> r Bradley A.Obermiller Debra K. Obermiller
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<br /> s c:.
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<br /> STATE OF NEBRASKA,l
<br /> ` COUNTY OF HALL' ss. On this 1St day of March 19 76 ,before me,
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<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> .. -Bradley A. Obermilier and Debra K. Obermiller, each in his and her own right and as, spouse
<br /> til..l
<br /> of ��r,
<br /> who are personalty Known to
<br /> qP,•` t�fe Ci,�, son S whose name s are affixed to the above instrument as
<br /> 1 •ta, 'tr, mortgagor S and they severally
<br /> '1,.••-::3 a' bafge8'�tjaid'ir,rument to be their voluntary act and deed.
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<br /> •”! ' my hand and Notarial Seal the date aforesaid.
<br /> `,I $ p COMMlsstor: NOTARY 3 J.?, on expires 7,\ ,/,-�(o
<br /> v. EXPIRES _77 i ��� ' 1 ��
<br /> 1 '{pG 1°
<br /> t �,,,C�j 1." 1/4
<br /> Notary Public
<br /> "t',,c OF NE9VS
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