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<br /> MORTCACL
<br /> AtORTGAGIi LOAN N0. � 22�237 MGIC
<br /> KNOWALLMLNBYTHESEPR[iSCNTS:Thut Douglas A. Derlie and Oarbara J. Qerlie, each in his and
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<br /> her own right and dS SPOUS@ of each other, Mortgagor,whetheroneormore,inconsidcrationotthesumof
<br /> i Twenty-seven Thousand Nine Hundred and No/100-------------------------------------���ntts
<br /> loaned to sald mortgagur by T6e C•quitable Bullding and L.00n Associatfon o(Crand Island,Nebraska,�fortgagoe,upon 2�9 st�ares of srock of
<br /> � said ASSOCIATION,Certificate No.L 22�23� MGICdu hereby grant,convey xnd morig�ge untu the said ASSOCIATION the foltowing
<br /> ,� described renl estnte,situated in Hull County,Nebm:ka:
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<br /> LOT ONE (1j ISLAND ACRES N0. 9, AN ADDITION TO
<br /> THE CITY OF GRAND ISLAND, NALL COUNTY, NEBRASKA.
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<br /> r to ether with all the tenements,hereditaments and a urtenances thercunto belon�in ,includin
<br /> } B pp 6 g B attached flour�rovcrings,all window urcens,
<br /> , � window shades,blinds,storm windows,awnings,heatins,air cunditiuning,�nd plumbing and water equipment and�ccesmries thereto,pumps,stoves,
<br /> reGigerarors,anJ other fixtures nnd equipment now or hereafter attached to or used in connection with saiJ real estate.
<br /> �t And whereas the said mo�tgagor has agreed and dues hereby agree that thc mortgagor shall and will pay ail tnxes and assessmenu leried or
<br /> ; assessed upon said premises and upon this mortgage and the bond secured thereby before the same sliall hecome delinquent;tu fumish approvcd
<br /> ;r', insurance upon the buildings on said premius:ituated in the sum of 5 2�,90�.00 payable w said ASSOCIATION and to ddi�tr to said
<br /> � ASSOCIATION die policies for said insurance;and not to commit or permit any wsste on or cbout said premiser,
<br /> In case of default in the performance uf any uf the terms and mnditions o(this moctgage or the bond secured hereby,the murtgagee shall,
<br /> ` on demand,be entiQed to immediate possession of thc mortgeged premises and the mortgagon c�reby xuigns, transiers and uts over to Ihe
<br /> ! murtgaga ell the rents,revenues xnd income tu be derived from the mortgaged premius during such iimt as[he murtgage indehtedness shaU remain
<br /> j unpaid;and the mortgagee shalt have the power to appoint any agent or agents it may desirc Cor the purpose of rcpa'u{ng said premises and renting
<br /> the ssme and rnllecting the rents,�evenues and income,und it m�y pay out of said incume �It expenses of repairing said premises and necessary
<br /> commissiun:and expenses incurred in renting and manuging the same and uC collecting reNals tharc(rom;tha balance rcmaining,if any,ro be � � � ��. � � . . � �
<br /> applied toward ihe dischurge of said mortgage indebtedness;diese rights of the mortgagee may be cxercised at any time during the existenct oC such
<br /> default,irrespective oF any temporary waiver oC the same.
<br /> � Thrse Presents,howerrr,ace upun�he Condition,That if lhe said Dlorlgagur shall repay said loan on or befure tl�e maturify of said shntes by . . � .
<br /> payment;p�y mon(hly ro said ASSOCIATION o(the sum speci�ed in tlie BonJ secured hereby as intercst and principal on said loan,on or be(uro � � �
<br /> the Twenlieth day o(each and every month,until said loan is(ully paiJ;pay all taxes and asxssments IevieJ against said premisu nnd un tLis Aturtgagc � . �
<br /> ` and the Bond xcurcd Uurcby,befom delinyuency;(urnish vpproved insurance upon the buildings lhereon in the sum of 2 2��9��.0� papable � ,
<br /> g to said pSSOCIA"fION;rcpay to said ASSOCIATION upon dcmand all money by it paid Cor such laxes,asseasments and insurunce with interest at ��
<br /> the maximum legal rate Ihereun from Jate of p�ymcnt all of which Atortgagor hereby agrees tu pay;pemiit nu waste on said promises;keep and cumply ��� - �
<br /> � � w•i�h all the agreemenis and cunditions o(the Dund fur S Z��900.OO this day given by the said Dlortgagor tu saiJ ASSOCIATlON,and comply � �. �
<br /> with all!he requiremcnts o(the Constitulion and By-Laws of s�id ASSOGATION:thcn these presen�s shall become null and void,ulhetu�ix they . . ��
<br /> shall remain in(ull force and may be foreclosed at the option uC the said ASSOCIATION aller (ailurc (or lhree ntunths to make any uf said . � - �
<br /> payments or be Ihree monihs in arrears in making said monthly payments,or to keep and comply u�ith the agreements and conditions of s�id Uund; � � ` �
<br /> and Morlgagur agrees tu have a receiver appointed forthwith in such fureclosure pwceedings � .� . �
<br /> 1(therc is eny change in ownership of the rcal eslate mortgagcd hcrein,by s;de m othrrwise,�hen the entire remaining inde6tedness hrrc6; � .
<br /> u'cured shall,al the oplion of The C:quitable Ouilding and Lo�n Associatiun of G�and Island,Nebraskx,brcome immed'wtely due and payxble without . - . -
<br /> further notice,and ll�e amount iemaining due under suid bund,and any other bond(or any additiun�l advantts made Ihereunder,sltall,(rom the � � �
<br /> date of exercise o(said option,bear interest at the maximum legal rate,�nd this murtgage may then be Cweclused to satisfy the amnunl due un s�id
<br /> bond,and any utl�er 6ond fur aJditionai advances,together with all smns paid by said The Gyuitable Building and Luan Associatiun of Grand lsland,
<br /> Nebraeka for insurance,laxes and assessmnnts,and abstracling extension charges,with interest thereon,(rom Jate ol'paymeut at the maximum
<br /> legairate.
<br /> ' � As ptovided in the Bond secured hertby,while this mor�gage remains in effect the mortgagte may hercafter adranm additional swns to the
<br /> makers of said 8ond,their assigns or suceeswrs in interest,which sums shall 6e within thr security of tliis mortgage the same us tlie funds uri�in�lly
<br /> secured thercby,the total amount of principal debt not tu excced at�ny time the original amount o(this mortgage.
<br /> Dated this 9th day of July q,p„�� 76
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<br /> tJ.cfv�a�. U- Q r-t.-�R�- ',��i�_,'. " i(_�r����1:�, ../� � �
<br /> —6oug a . er ie B�ara J. Be'r� �
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<br /> ' STATE Of NEDRASKA,1 Ss. On ihis 9th day uf �U� � �6
<br /> i Y I) ,bcfore me.
<br /> COUNTY OF}IALL J r� :` •
<br /> the un efsigned,v Nutary PubGe in and(or said County,personally came
<br /> Douglas A. Berlie and Barbara J. Berlie, each in �is and her own right and as spouse of iv v:-
<br /> e a c h O t h21'� w ho dre persunally known to y
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<br /> me lo be the identical pertonS «'hose name5 dpe a(fixed to the nbove instruq�cnt-e �tgagor S J0� they scecrally . �y, :y_
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<br /> , acknowledged the s�id instrument to be the i r voluntary act and deed. \ � /� � �
<br /> )}S ,�I� 'I'(�'f�'m�h�a�d and Notarial Sea!the date a(oeesaiJ.
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