|
4.
<br /> 7
<br /> 76- 0011 4 2
<br /> i_. MORTGAGE
<br /> MORTGAGE LOAN NO. L22,017
<br /> �, KNOW ALL MEN BY THESE PRESENTS:That LeRoy A. Lemburg and Frances Lemburg, 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 /> t Five Thousand Seven Hundred Fifty and No/100 DOLLARS
<br /> r a,. loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 57 shares of stock of
<br /> said ASSOCIATION,Certificate No.L 22,017 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following described real estate,situated in Hall County,Nebraska:
<br /> LOT TWO (2), IN FRACTIONAL BLOCK TWELVE
<br /> (12), IN JOEHNCK'S ADDITION TO THE CITY
<br /> OF GRAND ISLAND, NEBRASKA.
<br /> . together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> l 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 tour 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 5 5,750.00 payable to said ASSOCIATION and to deliver to said
<br /> q 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 /> on demand,be entitled to immediate possession of the mortgaged premises arid 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 /> l.. unpaid;and the mortgagee shall have the power to appoint any agent ur 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,un 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 5,750.00 payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it and
<br /> ." the maximum legal rate thereon from date of payment all of which Mortgagor hereby age esf to pay;permit no waste onssard premises;st;k keep ande with tcomplyt
<br /> P P ,.
<br /> with all the agreements and conditions of the Bond for S 5,750.00 tris 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 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 ur 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 /> omdate 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 /> Vi
<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 arid 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 /> • gated this 5th day of March A.D.,19 76
<br /> LeRoy-A. Lemburg / Frances Lemburg
<br /> STATE OF NEBRASKA,
<br /> COUNTY OF HALL ss. On this 5th day of March 19 76,before me,
<br /> he undersigned,a NotaryPublic in and for said County, r
<br /> LeRoy A. Lemburg and Frances Lemburg, each in is an bPersonauyphe
<br /> other h and own right and as spouse of each
<br /> y . ., who are personally known to ? {
<br /> inc to be the deddw sun S whose name S are affixed to the above instrument as mortgagors and they severally s!,
<br /> 'acknowledged the kip in ument to be their voluntary act and deed. f" '.I.
<br /> WI'LNES my hand and Notarial Seal the date aforesaid.
<br /> My fo •scion expires �` ,� r c}-I 1, A �, dvr
<br /> r'!lsy v,
<br /> 3734M
<br /> Notary Public
<br /> i. L......
<br />
|