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<br /> MORTGAGI?IAAN KO `� _ Z2�]�
<br /> KNOWALLMCNDYTH[iSEPRrSGN1'S:TLat �1I10EIIL n. Gergen and Sharon M. Gerg�n, ea�ii in �115 c311(1
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<br /> her awn riyht and as spouse of each other, �1nrlgagor,whctheraneurmore,inam�idereUonofthceumuf
<br /> �� 7went,y-nine Thousand�and No/100_______________________ � ��
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<br /> ,� luanod to said morlgagur by The L•yuVtable Buildh�g and Luan Assuciation uf c;rand Island,NfbrasAa,rtongaqee,uE�m ?9Q shares uf stotk of
<br /> said ASSOCIATION,Ccrtiticatc No.L QZ��3( ,du hemby grant,comry miJ mortgagc m�tu the sa(d AtiSOC1ATfON Ihc iblluwing
<br /> described real estste,situated in Ilall County,Ncbraakn:
<br /> � ALL OF LOT SIXTEEN (16) AND THE SOUTIiERLY
<br /> � FTFT[EN rEET (15') 0� LOT FOURTEEN (14) ALL IN l3LOCK
<br /> ,� ELC-VEN (11) IN COLLC-GE ADDITION TO WEST LAWN IN THE
<br /> � CITY OF GRAN� ISIAND, NALL COUNTY, N[DRASKA.
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<br /> y1ugeUier with all the tenemenls,hereditaments and appur�enances thereunlu bclonging,includiug attachect lluur cu�erings,ull winduw screens,
<br /> ,�� window ahades,blinds,slurm windo�vs,uwnings,heating,air conJitiuning,and plumUing and wate�eyuipment anJ accesso�ies d�emto,pumps,ato��ee,
<br /> ieGigeraturs,and other tistures und equipment now or liereafter ntmched w or used in connectiun wiih said�eat estate.
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<br /> �t And�ehercas thc asid mortgagor lias agieed anJ dues hcreby agrce Ihal Ihc murtgagor shuli aud will pap all taxes and assessmenta Ic��ed ar
<br /> ;.� assessed upon said prcmises and upon this morlgage and the bond secured there6y be(ore the samc shall 6ccome delinyunnh tu 1'urnish approi�e�
<br /> :� insurance upon�hc buildings on said premisez silualed in thc sum of 5 Z9�00�,�0 Payablc w said ASSUCfATION bnd ro deli�er lo s�id
<br /> � ASSOC;IATION Ihe policles for said insurance;anJ not lo cnmtnit ur permit mrv�saste on ur abmit sald premises,
<br /> ' In caae ul'Jefault in the pcd'ormance o(any of the teans and canditiuns ot this mur�gage ur tire bond secured hereby,the mortgagee ahall.
<br /> � ��n demand,be entitied to immediatc�wssession uf thc mortgaged p�cin�ses and t6e mur�gagor hereby assigns, transfcra anJ set�o�rr tu tlic
<br /> murtgagee all thc rents,revcnucs and income to be dcrived from�he nwrtgagcd prcmiies during sucli time as�he murtgagc inde�lednesa shall reroain
<br /> 'j unpaid;and ihc inoctpa€ce shall ha��e the puN�cr�o ap�wirl anV agent u�ngenls il may desire for the purpuse o(cepairing said p�emiaes and.renting �
<br /> � �he samc a�id rnllccting thc rcnta,revenucs and inconm,anJ it may pay o�n of 3aid inwme all CX�1C16C5 U�repai�ing zaid premisea and nemssary
<br /> cummiaiuns and esprnus incmred in renting and managing the same and ol'coliecting rentnis Iherefrum;the balance remain(nk,i!any,lu be
<br /> ` appticd toward tlie discharge of saiS mortµxge indebtedness:these�i�hls uf thc roortgagec may be caerciaed at any time during Ihe exlstence o1 such
<br /> �f � de(ault,irrcsperlirt uf any trm�wruy���ai�tr of thc aama � �
<br /> �.`t The<_c Prescnls,ho�cevcr,are u�wn lhe Cundiliun,l'hat d the said Atongagu�ehall rcpay said luan un ur 6clom�he maWrily ol'said shares by � � � � -
<br /> pa�•nunt;pay monthly lo said ASSOCIATION nf the sum specified in the lloud secured hereby as interrsl and principal un said luan,on or before � � �
<br /> 'Pp ihc T�vcntic�h Jay ol'cach and ercry monlh,tmtil said tuan is fully paid:pay all taxcs and asscssmcats Icvicd agaiust said premisea und un lhis rlurtgage �.
<br /> y and the HunJ secured lhereby,befi�m dclinyuency;fumish appru��ed inwiance upun the buildings the�eon in tlte amn ol'S, 29�QQ�.QQ payablr .. . -
<br /> tu w�id ASSO(L�1lON:�cpny tu saW ASS(H IA1lON upon demnnd all nwucy by il paid li�r surh taxes,assessmcnis nnJ iosurance wilh iuterest al
<br /> - Ihe maxinwm Irgal r�te ihereun Gum date uf paymeut all uf which Morlgagor herchy a�+rees lu pay;�remiil nu�rasle m?said ptemises:keep and cumply �� � � � � . .
<br /> wiUi nll thc agiccmculs and conditinns ol thc Uond(ur 5 29����.��Ihis dav pi�rn by d�c saiJ M1lortpagor to said ASSOCIATION,and complp � � � -. �
<br /> �-� ��'ith ail llic�equiremenla ul Ihe CunsGluliun and(ly�La�vs ol'said ASSO('IAiION;then thes¢picaenls sitall become null anJ c�id.utl�ci�eiu they . . � ..
<br /> sh;dl�emain ia full lurcc and tnay be furecluud at the oplion ol Ihe said ASSOCfATWN after failu�e li�� Ihrce muulhs lo make anv ul said �. � � .
<br /> � paymcnlx��r 6c tl;me mvnlits in anca�s in maAing suid monthlq paymcnfs,ur iu kc.p and cumply with lhc agieementn and eunJiliuus u(s�id Nund: . � . .
<br /> .�� and Murlgagut agrccs lo havc il ICCCIYCf:1�)FUIIIIC(I WlIIIN'illl lll Slll'I7 IOiCI'I�1311IC[IfVCCCIIIiI�`3. . � .
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<br /> ��i II Il:cre is any change in u���nerahip vl the rcal eslale mu�lgagcd hercin.L+y sale u� UlI1CIN'iSC.II1C0 lI1C l'tlUfC temaininK Indebledness hricbV � � �
<br /> secured shall,al d�r optiun uC fhc I:yuilable 17uik4ng and Lo�n Assucialiuu uI'G�and Islund,Neb�osku,becume immediatcly due anJ paya6le widwul
<br /> fluther noti�r.anJ thc amount renuiiuinK duc under said 6und,and any whe�l+unJ for any aJdition�l adsvnces made thereundc�.shall,Irom thc
<br /> date ol excrcise ul auid upliou,beur inlcresl al Ihc maxiaium Iegal�alc,and d�is mor��agc may Ihcn be furecloscJ to satisfy tl�c;utwunt due un sa(d
<br /> bunJ,and auy ulhc�bund(or adJitional ud��auirs.logether with all sums paid iq•said'1'lie Lyui�able Uuilding mid Lvau Assucialiun uf(;�aud leland.
<br /> r.; Nehraska lur insuraua,taxrs und assesamenis,anS abstracling cxlensiun di;�rgea,wiih inle�esl lliercun, Irem Jale uf payment al thr masimum � .
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<br /> As pwviJeJ in Ihe Uund aceurcd hereby,wl�ilc q�is mur�gagc rcroains in c(Iecl Ihr,���m�pagcc muy hcrca(lct advancc adJi�ionsl suutn lu tl�c
<br /> ` makcrs o(uid Uond.lhcir assigns ur sucttssut�in inlcresi,�vhiclt sums shall bc�riUun Iitc sccwily ol Ihis tnurtgagc thc samc ae the limds u�i�inally
<br /> 'L �ccu�cJ Ihcreby.Ihr lotal amounl of principal Jebt nul�n exmed at anp limc ihc original atuc�unl ol'diir mor�µaKc.
<br /> �DateJihis Z��t dayul' May \.D.,IJ��
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<br /> Vincent A. 6cfrge~�----- Sha�ron M. Gergen ,
<br /> 57A'PG 01�NGORASKA. sa: On Ihis 2�St d;ry uf D��v �
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<br /> �i COUN7'Y UC f1ALL} - �
<br /> ihc uni c�aigncJ a Nulaty Publlc in and fur yaiJ Couuty,persinmllv ennic
<br /> Vtncent A. Gergen end Sharon M, Gergen, each in h�s ancl her own ric�ht and as spouse of N
<br /> C�Ch other, "�„ dP@ Pcounnlly kuu�vn tu �'
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<br /> mc to bc tho idenliwl petsvn 5 N9mu nentc 5 are affised lv lhc ebuve iuslruroet)A�tuurtgego�s and ��lEy >evc��lli• � � s� ���
<br /> acknuwledged the snid Inslrwnent tv be thei r �'��wtaq�act and Jced, �) fp '
<br /> ' �1'il Nl SS iny I�and miJ Nolurfai Srel Ihc dalc alo�esaiJ. � j
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