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<br /> n�oaTcnce
<br /> M1fORTCAGIi LOAN N0. L Z2,�EO _
<br /> � KNOWALLMENUYTtIfiSEPRHSEN7'S:That Gilbert E. Reher and Lolita I. Reher, 2dCh 111 f1�5 dlld
<br /> her own right and as Sp0U5e Of eaCh Othet', Morlgagor,whetheroneormore,inconsiderationo(thesumof
<br /> ` ' Twenty Thousand dfi�' NO��OO---------'----------------------------------------------_"DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Islund,Nebraska,Mortgngee,upon 2�� shaces uf stock of
<br /> � said ASSOC[ATSON,Certificate No.L ZZe�6� ,do Itereby grant,careey and moctgage unto the said ASSOCIA'fION�he following � �
<br /> described rr.al estate,siluated in Hall Cuunry,Nebraskn:
<br /> PART OF LQT ONE (1) OF RIVERSIDE FARM SUBDIVISION, OF PART OF
<br /> THE SOUTHEAST QUARTER (SE;) OF SECTION TWENTY-NINE (29), IN
<br /> TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE SIXTH
<br /> P.M., MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT
<br /> A POINT 33 FEET EAST OF THE NORTHWEST CORNER OF SATD LOT l;
<br /> RUNNING THENCE SOUTH FOR A DISTANCE OF 200 FEET; RUNNING T'siENCE
<br /> EAST FOR A DISTAi;"F OF 218 FEET; RUNNING THENCE NORTH PARRLLEL
<br /> WITH THE WEST LINE OF SAID LOT 1, FOR A DISTANCE OF 200 FEET;
<br /> RUNNING THENCE WEST ALONG AND UPON THE NORTH BOUNDARY LINE OF
<br /> SAID LOT 1, FOR A DISTANCE OF 218 FEET TO THE PLACE OF BEGINNING.
<br /> together with all the tenements,heredi[xments und appurten�nces thereunto belonging,inc�uding altached floor coverings,all window screens, .
<br /> winJow shades,blinds,sturm wmdows,awnings,heating,air conditiuning,and plumbing and waler eyuipment and xecessories Ihereto,pumps,stoves,
<br /> refrigerators,and other fixtures and eyuipment now or herea(ter attached to or used in connection with said real cstate.
<br /> And whereas the said mortgagor has agreed and does hereby agrce that the mortgagor shall anJ wil!pay all taxes and assessments levied or .
<br /> asscssed upon said premises and upon this mortgage and the bond secured thereby bel'ore the same shall become delinquent;to Curnish approved
<br /> insurance upon the 6uildings on said premises situated in the sum oC 5 2�����.�� payable to said ASSOCIATION and to deliver to eaid
<br /> ASSOCIATION the policies fur sxid insurance;anJ not m commit or permit any waste on or about said pcemises;
<br /> � In case of de(ault in the performance of any of the tenns and conditions of this morlgage or the bond secured heceby,the mortgagee shall, �
<br /> on demand,6e entitled to immediate pussession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the . �
<br /> S,�!� morlgagee all lhe rents,revenues and income to be derived from the mortgagea premises during such time as the mor[gage indebtadness shall remain
<br /> unpaid;and die murtgagee shall have thc power to appuint any agent m agents it may desirc for the purpose of repairing said prcmises and renting
<br /> the same aad collecting the rents,revenues anJ income,and it may pay out of uid income all expenses of repairing said premises xnd necessary �
<br /> commiisions and expenses incurred in renting and managing d�e same and of collecting rentals therefrom; the balance remaining,if any,to be �
<br /> applied loward the discharge uf said morigage indeet_dness:Ihese�ights of U�e mortgagee may be exercised at xny time during the existence of such
<br /> defaull,irrespective of any�emporary waiver of the same.
<br /> These Presents,however,are upon the Condition,7'hat if lhe said lforlgagor shall repay said loan on or before the maturity of said shares by
<br /> payment;pay monthly to said ASSOCIATION of the smn specified in the E3ond secured hereby as interest and principal on said luan,un ur before
<br /> the Twentictl�day o(each and every month,unlil said loan is(ullp paid;pay all�axes and�sscssments levied against said premises and on this 9fortgage
<br /> ° and the Bond secumd thereby,befure delinquency;furnish approved insurance upon the buildings�hereon in the sum uC 5 ZO����.�� ��Y�h�C �
<br /> ����' to said ASSQCIATION;repay tc s�id ASSO('IATION upon demand all muney by it paid(o;such tuxes,assessments and insurance with interest al �
<br /> � ihe maximum legal rale thereon from date of payment all of which Morigagur hereby agrees to p:�y;permit no waste on said premises;keep and comply ��
<br /> � ; with all tl�e agreemen�s anS mnditions of the Bond(m S ZO�OOO.00 t�ds Jay given by the said 6lorigagor�o snid ASSOCIATION,and comply
<br /> with all the requi�ements of the Consti�ution and By-Laws of said ASSOCIATION;�hen Ihese prrsents sh�l!becoma null and void,othenvise tliey
<br /> � � shall rem�in in full forcc and may be(oreclosed al the option of thc s•iid ASSOCIATION a(tcr failu�c for �hrec months to makc any of said
<br /> p ' peyments or be three months in arrcars in making said muNhly payments,ur lo keep and cumply with the agreements anJ cunditions uf s3iJ Uund;
<br /> and Morlgagor agree�to have a receiver appuinted(ordiwith in such foreclosure proaedings.
<br /> � If tliere is any change in ownership o(the real estale murlgaged I�erein,by sale or otherwise,then the entire remaining indzbtedness hcrcby -
<br /> g: ( secured sliall,at the oplion of The Lqui[able Uuilding and Loan Associaliun o(Grand Island,Nebreska,becume immedistely due and payable wilhuut
<br /> - further nolice,and tlie amount remaining due under said bond,and any uther bond Cor nny additional�dvances made thereundzr,shall,from the
<br /> date of exercise of said option,bear inlerest at the maaimum Iegal rate,and tl�is mor�gage may Ihen be foreclosed to satisfy the amount due un said
<br /> bor.i,and any other bond(or additional advances,together with all sums paid by said The L'yuitable Building and Loan Associetion oCGrand Island,
<br /> Nebraska for insurance,taxes and assessments,an<t abstracting extensiun charges,with interesl thereon,from date of payment �l the meximum
<br /> , legalrate.
<br /> f ' As provided in lhe Bond secured hereby,while this�norlgage remains in cflect ihc mortgagee may hemalter advance additional sums to the
<br /> makers of saiJ 8ond,their assigns ur successurs in interest,which sums shall be within the security of tl�is mortgage Ihe same as the(unds originally
<br /> g ,i securcd thereoy,t6e total amount o(p�incipa!debt nol to exceed al any time lhe uriginol amount o(Ihis mortgage.
<br /> u�«a in�s 2nd �,y �-'Ju e �.� y 76 -�
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<br /> � �, /� '1 �- i :�%(, _ = �a ..� /�� l ?'�+/
<br /> �"tlbert . Reher Loli a l. Reher
<br /> a STATE OF NEDRASKA, ss. On this 2nd day of June 19 �6 ,before me,
<br /> _ COUNTY OF HALL� ,_I
<br /> -- the undersigneJ,a Notary Public in and for said County,personally came �"�
<br /> Gilbert E. Reher and Lolita I. Reher, each in his and her own right and as spouse o� N'��=
<br /> each other, «�n� dre penunally nownto � ``:
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<br /> me to � rson5 whox nameS dP2 affixed to the above instrument as mortgagoc g and they severally d
<br /> ac '�gA�lk$��d�s ment to be thei r voluntary acl and deed. � ` -
<br />, . �" �,N E'R'[�`'PjESS hand and Notarisl Seal the date eCoresaid. � tt�f
<br />�"� o s n ex ice9 I -
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<br />� ('r'j+5"d�SSION �A � _
<br />- z : ElP�RES �\�,\�� � Notary P 'c
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