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<br /> MORTGACE
<br /> MOItTGAC6 LOAN NQ � 22.��5
<br /> KNOWALLh1L;N AYTHLsEPRESGNTS:That Charles Herbst and Alice �4. Herbst, each 111 h15 and her �
<br /> own right and as spouse of each other,
<br /> Mortgegor,whether one or more,in consideration of the sum of
<br /> •? Twenty-two Thousand and No/100-----------------------------------------------------�oL�nes
<br /> loaned to said murtgagor by The Equitabie Ouilding and Luan Asxociation of Grand Island,Nebraeka,Mortgagee,upon Z22 shares of stock of
<br /> said ASSOCIATION,Certificate No,L 22,��5 ,do here6y grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in llall County,Nebraska:
<br /> LOT FIVE (5) IN BLOCK THREE (3) IN 6ET7ER HOMES
<br /> � SU6DIVISION, AN ADDITION TO THE CITY OF GRAND
<br /> � ISLAND, HALL COUNTY, NEQRASKA. �
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<br /> together with all the tenements,hereditaments and appurtenances Ihereunlo belonging,including attached iloor coverings,all window screens,
<br /> window shaJes,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> cefrigeraturs,and other fixtures and equipmenl now or hereaftet attached to ur used in connection with said real estate. .
<br /> And whereas Ihe said mortgagor has ag�eed and does hereby agree that the mortgagor shall and will pay all taxes and nsxssmrnts levied o[ � �
<br /> f assessed upon said premises and upon lhis mortgage anS the bond scwS�S�t e,($�by be(ore[he same shall become delinquent;to fumish app�oved
<br /> n�i insurance upon the buildings on said pcemises situated in the sum o(5 LL��U V•�� payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance;and nol to commit or permit any waste on or about said peemises; . �
<br /> In case uf deCault in the per(ormance uf any uC t6e[eems and condilions of this muttgage or the bond secuced hereby,the mortgagee thall, �
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the murtgagor hereby assigns, trnnsCe�s and sets over to the
<br /> mortgagee all Ihe�ents,revenues and income ro be derived from the mongaged premises during such time as Ihe mortgage indebtedness shall cemain
<br /> unpaid;and the mortgagec shall have the power tu appoint any agent or agents it muy desire for the purpose of repairing said premises and renting �
<br /> the same and cullecting the rents,revenues and income,and it may pay uut of said income all expenses of repairing said premises and necessary . �
<br /> commissiuns and expenses incurred in renting and managing the same and of collecting rentals thereFrom; the balance remuining,if any,to be � �
<br /> ` applied roward Iht discharge of said mortgagc indebtedness;these rights o(the mor�gagee may be exercised at any iime during the existence of such
<br /> f��` default,irrespective of any temporary waiver uf the same.
<br /> ;�` These Nresents,however,are upun the Condition,That if the said�tortgagor shall repay said luan ou or betom the maturiry oC said shams 6y
<br /> p�ymenl;pay munthly to said ASSOCIATION of the sum specified in the[lond secured hereby as interest and principal on said loan,un ur before
<br /> the Twentieth Jay of each and cvery month,until said loan is tully paid;pxy all taxcs and assessmen�s levied against said premises and un this Murtgage
<br /> � and the[3ond secured thereby,before delinyuency;furnish approved insurance upon the buildings thereon in the sum oC S ZZ�����.�� payuble �
<br /> �,���. to said ASSOCIATION;repay tu said ASSOCIATION upon demand all money by it paid fur such laxes,assessments and insurance with interest ut � �
<br /> the maximum lagal ra�e thereun from date of payment all of which�1ortgagm hereby a@rees tu pay;pennil nu waste on said premises;keep and comply
<br /> w•ith all die�greements and mnditions o(the Bond for S 22,���.�Q��is da}'6��en by the said!�lortgagor to said ASSOCIAI�ION,and cumply
<br /> y_ wi�h all Ihe requircments u(the Conslitution and ByLaws o(said ASSOCIATION;then these presents shall 6ecomc null and void,otheneisa they
<br /> shall remain in full(orce and may be(oreclused at the option of�he said ASSOC:IATION after failure (or dvee munths to make any oC said
<br /> payments or be ihree months in xnears in making said monthly payments,a tu keep and cumplq with the agreements and condilions uf said Dond;
<br /> ���� and plortgagor agrees to hnve a receiver�ppointed(ur�hwi[h in such foreclusure proceedings.
<br /> If ihere is any change in ownership of ihe rcal estate mnrtgaged herein,by sale or otherwise,then the entice�emaining indebtednees hereby
<br /> f�, SCCIIIL`d SI18II,at the uplion of The Gquitable Building and Luan Association u(Grand Island,Nebraska,become immediately due and payable without
<br /> turther noticc,snd di�amount rem�ining due under said bond,and any other bond(or any additional advances made thereunder,shall,from the
<br /> date uf exercise of said option,beur inte�cst at tlie maximum leg�l rate,and tliis mortgage may then be foreclosed ro satisfy the amount due on said
<br /> t '�; bond,and�ny other bond for additional advances,together with all sums paid by said 7'he Equitnble 8uilding and Loan Associatiun of Grand Island,
<br /> Nebraska fur insurance,taxes and assessments,and abslracting extension charges,with intecest d�ereon,from da[e o!payment at If�z maximum
<br /> legalrate.
<br /> As provided in the Bond xcured hereby,while this morlgage remains in e(fect the mongagee may hereaCter aJrance additional sums to lhe
<br /> makers of said Bond,their assigns or succesw�s in interest,which sunu shall be within the securiry of this mortgxge the same as die funJs originally
<br /> ucuced lhereby,the tolal amount o(principal debi not to exceed al any time the uriginal amuunt of this mortgage.
<br /> � u:u�au��s lOth a�ybr May n.n �� 76
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<br /> �Charles Herbst Alice M. Nerbst
<br /> STATE OF NLBRASKA.1 ss, On this �Qth daY of M�;y 19 ]6 ,be(oro me,
<br /> COUNTY OF HALL S ..L.,,_..,._; ..
<br /> � . � the undersigned,a Notary Public in and for said County,personally wme ��
<br /> Charles Herbst and Alice M. Herbst, each in his and her own right � ''�-'
<br /> and as spouse of each other �°hO are persunally known to y :
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<br /> '. me to bt the identical perwn 5 Whou namt $ a(fixcd to the above ins as morlgagor 5 and th@ se��erally J '.`�
<br /> acknowkdgesl(f}F SaidjnStmmca�to be thei r voluntary act and Jeed. / fi�Q` � ��
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<br /> o - � j . �WI'[N�S$mj�hand and Notariai Seal the date aCuresaid. �
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<br />�� ��,My Corpmissio�exputs / , .. .
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<br />+s;;, .-.._.. ---'---'--'---�.- �/ /z' /� 7� Notary Yublic
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<br /> 373-4M ••T/ �'
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