|
76- 0 0.1.153
<br /> •
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 22,013
<br /> t
<br /> ("'' KNOW ALL MEN BY THESE PRESENTS:That Clayton Petersen Jr. and Kathleen E. Petersen, each in
<br /> his and her own right and as spouse of each other
<br /> fMortgagor,whether one or more,in consideration of the sum of
<br /> Sixty-eight Thousand and Nn/100---------------- DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 680 shares of stock of
<br /> said ASSOCIATION,Certificate No.L 22,013 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> t1�,
<br /> LOT TWENTY-SEVEN (27) IN BLOCK FOUR (4)
<br /> IN REPLAT OF RIVERSIDE ACRES, AN ADDITION
<br /> TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<br /> f
<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 5 68,000.00 payable to said ASSOCIATION and to deliver to said
<br /> Y. ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> 1,.:''.. 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 /> 'tr's : commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom;the balance remaining,if airy,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 68,000.00 payable •
<br /> r 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 front 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 68000. Do this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By.Laws of'saI 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 /> •id 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,front 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 /> i 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 there total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> Ci
<br /> Dated shin nci 'lay of March A.D.,19 76
<br /> J rtsr/ii /y 7\ iCi/'/-'pGi i r2 !J=G{{/cL%„•J
<br /> /
<br /> yPetersen Jr. ,, Kathleen E. Petersen
<br /> STATE OF NEBRASKA, • 2nd day of March 19 76 {
<br /> COUNTY OF HALL}ss• On this ,before me,
<br /> the undersigned,a Notary Public in and for said County,personally came .lY
<br /> Clayton Petersen Jr. & Kathleen E. Petersen, each in his and her t
<br /> own right and as spouse of.each other who are personally known to
<br /> it L... _me to be the identical person s whose name affixed to the above i ent as mortgagorr.f J''''
<br /> S gab S and they severally t~
<br /> r,acknowledged the said instrument to be their voluntary act and deed. J
<br /> WITNESS my hand and Notarial Seal the date aforesaid. ✓
<br /> X 7.-- /
<br /> lily Commission expires — Nov. 12, 1979 / `./
<br /> ,,,,_-,
<br /> Notary Public
<br /> 3732M A ?i`,t A<.!".^,Tnoy•!hot,r.,
<br />
|