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<br /> , 6. 001164
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<br /> MORTGAGE
<br /> MORTGAGE LOAN NO, L 22,018
<br /> KNOW ALL MEN BY THESE PRESENTS:That Cecil I. Perrel and Irene R. Perrel, each in his and
<br /> 1p her own right and as spouse of each other, Mortgagor,whether one or more,in consideration of the sum of
<br /> ±r Twenty-one Thousand Six Hundred and No/100 ..____-DOLLARS
<br /> 1,1.;;:•,,--, loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 216 shares of stock of
<br /> said ASSOCIATION.Certificate No.L0 ,do hereby
<br /> described real estate,situated in Hall County,' eb aska: grant,convey and mortgage unto the said ASSOCIATION the following
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<br /> LOT EIGHT (8), IN BLOCK EIGHT (8), IN BONNIE
<br /> BRAE ADDITION TO THE CITY OF GRAND ISLAND,
<br /> lNEBRASKA.
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<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached Moor 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
<br /> call elinq and assessments leviedod
<br /> 1 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 521,600.00 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 /> 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 /> mortgagee all the tents,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 /> Fy 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 /> 7� 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 liond secured hereby as interest and principal on said loan,on or before
<br /> :,'1, 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 /> t - and the Bond secured thereby,before delinquency:furnish approved insurance upon the buildings thereon in the sum of S 21,600.00 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 /> r 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 /> with all the agreements and conditions of the Bond for S 21 ,600.00 this 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 /> t;. - 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 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 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 assesstnents,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 /> Dated this 5th ' day of - March A.0.,19 76
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<br /> (.../...17.44, V o. -,.8.22.4 _, --,:.)--)\c u�h �' �C�
<br /> Cecil I. Perrel Irene R. Perrel
<br /> STATE OF NEBRASKA, ssOn this 5th
<br /> COUNTY OF HALL day of March 19 76 ,before me, i
<br /> the undersigned,a Notary Public in andfor said County,personally came i }
<br /> Cec_i, Perrel and Irene R. Perrel,each in his anher own right anas spouse of each 11
<br /> ". `r Mckwcq`v,,r who are personally known to t
<br /> L ,tt 'Ip�dy'l set l';,mans whose names are affixed to the above instrument as mortgagor s and they severally d
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<br /> aetttrowledged[ ttid'�,rumen[[o be their voluntary act and deed.
<br /> •NOTARY
<br /> OT SIGN •
<br /> cO aj my hand and Notarial Seal the
<br /> ldate aforesaid.
<br /> S wG E rIR S1 My Co"mission expires �� J\ '�L \ �\
<br /> ✓,..CG.;Tgt.N9., i I I .� - �i! 1��
<br /> rte •w ✓SstP Notary Public
<br /> 'w N 74,2 v _
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