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<br /> 6fORTGAGC
<br /> ---- n�oirrcncGL0ANN0.L PZ,307 _
<br /> KN011'ALLMGNBYTNL•SGPRESIiN7'S:7'hat Jesse E. �4ercer and Maurine J. Mercer, each in his and �
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<br /> her own P19ht dfld dS SPOUS2 Of edCh other, Ato«gago�,whethcroneurrnure,inconsidera[ionoCthesumuf
<br /> Thirtv-eiaht Thousand and No/100---------------------------------------------------vo[.t.nas
<br /> loaned to s:�id morlgagor by 1'he Gyuilablc Building anJ Luan Association of Crand Island,�'ebraska,l�fortgagce,upon 380 shares of stock of �
<br /> said ASSOCIATION,Cerlilicale No.L Z2.3�� ,du hereby grant,convey and mortgage unlo the said ASSOCIATION the following
<br /> described rwl estate,situated in Ilall County,NebrusAa: � .
<br /> LOT SIX (6) IN BLOCK THREE (3) IN LAKE
<br /> DAVIS ACRES SUBDIVISION, HALL COUNTY,
<br /> NEBRASKA.
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<br /> � tugettier with all the tenemenis,hereditaments anJ appurtenances�hereuntn belonEing,including attached ilour corerings,all window screens,
<br /> a�indow shades,blinds,stonn winJows,a�cnings,hea�ing,air conditiuning,and plumbinG xnd waterequipment:�nd accessories theretu,pumps,stoves,
<br /> ' refrigera�urs,and od�er fixwres and equipment no�e or hereafter attached to ur used in connreliun���ith said real estate.
<br /> �; -, And whereas the said morte�gur has�;reed and durs hereby a4ree that the mungagor shall and will pay all taxes and assessments levied or
<br /> sssesud upon said premises and upun this mur�gage and thc bemd secured thereby brfurc the s�me shall brcome delinyuent;to fumish approveJ
<br /> � insurance upon the buildings on said picmises situated in the sum ol S 3H����.�� payable to s�id ASSOGATIO\ and to deliver to said
<br /> ASSOCIA710N�he pulicies(or s�id insurunce;and not to commit or permit an�•was�e on ur about s�id premises;
<br /> In case u(de(ault in the pedurmance o(any u(the�enns and conJitions of this mongage ur the Uond secured hereby,the murtgagee shall,
<br /> �� on demand,be entitled ro immediate possession o(the mortgaged premises and the mortgagor hereby assigns, tr�ns(crs and sets ovcr to the
<br /> . mortgagee all d�e cents,revenues xnd inmme to be dc�i�•ed fwm the murtgaged premises during such time ns the mong:�ge indebtedness shall remain
<br /> unpaid:anJ the mortg�gce shall have the po�ccr to appoint airv�gent or acents it may desirc for the purpose o(repairing said premises and renting .
<br /> the same and cullecting�he renis,revenues and incomr,anJ it may pay uul ot said incume all expenses of repairing said premises and necessary
<br /> � commissions and expenses incurrcd in renting and m�naging the same�nd nf collecting rent�ls therefrom; tlie 6alance remaining,if any,to be
<br /> , B�PIICfI l0\VBItI lllt`diseIlBlEI'OI S;lll�IIWfI�':S12 II1lICbICIIIII'S5;[IICSC fl�'�IIS U�flll`mortgagee may be exercised at any time during the existence u(such
<br /> default,irrespective uf aiy-temporary waicer o(the s�me.
<br /> � Thesc Prexnts,huweeer.arc upon thc CUf1LIlW11,�III:I!11 Ilil'S]IlI�IUIIC:150f S�1�II repay s�id Iu�n on or beture the maturity ot said sha[es by
<br /> paymrnt:pay nwmhly tu s�id ASSOCLI'iION uC ihe sum sprci(icd in ihe liund secured hereUy as interest and principal on said Ioan,un ut bafore �
<br /> �. ihe T«'entieth day o(each and even�inomh,until s�iJ lu�n is Cully paid:pay aIl taxes and assessments Ievied against snid premises and on this lfurtgage
<br /> � and the BonJ secumd thereby,befure delinquancy',iumish approved insurance upon the buildings the«on in the sum oi S 38�QQ�.QQ PJ)'�hIC
<br /> IU l"JIII ASSOCI:�TIO�;Il'�;l)'�U S;ll(I:�SSUC�Ii����)1 upon demand�II muney by it paid tur sueh tazes.assessments and insurauce wi�h interest�t
<br /> the maxinmm Irgal rate thereon(wm d�tr uf payment all of whieh Atortgagur hereby agrees[u pay:prnnit no waste un said premises:keep and cumply
<br /> �t . �ci�l;all the aFrcements and conditiuns uf ehe Dund[ur 5 38�Q��.��this d�y gicen by�he s�iS\turtgagor to s:iid,15SOCIATIO\,and comply
<br /> ��•ith all the reyuiremcnts uf ihe Cunsiimtion and H}��Laws of said ASSOCIA770N:thrn these presants shall 6ecume null anS��uid,utherwise tliry
<br /> � sh;ill remain in I�ull lortc and m�y be f'urcdused at U�e optiun of the said ASSO('IATION �fter (ailure (ur three munths to make uny of eaid
<br /> <�: . Paymauts ur 6e thrce mumlis in arrc�rs in making said mondily payments,or m keep and mmply with the agreements�nd cunditions ot s�id 6ond:
<br /> . and Atnngagor agrecs tu have a raeiver appuimed forthwith in such fureclosure pruceedines.
<br /> . If ihc«is any change in uwnership oi the real estaic murtgagcd hc�ein,by s:ule o� othcnvise,then the emire rem;�ining indebtedness tmreby
<br /> � . SL'NIl'l�SI18II,8l IhC 0OIIOfI U�TIIC L.(�OII�I/IC I)IIIldlil'y'8I11I LOdfl Associa�iun u(Grand Island,Nebraska,6ecome imnredi��ely due and payable w�ithout
<br /> h further notice.and thc amuunt remaining duc undcr said bond,und any mhcr bund for uny additiunal ad��anas made thercunder,shall,from lhe
<br /> � dnie uf exercise ul said uption,bcur interest at thc maximum lagal ratc,and this murtgage may then be fo�edosed to s�tis(y the amuunt due on said
<br /> i bund,and any uther bond(ur additional ad��ances,�ogciher with all sums paiJ by said'I he I�.yuitnble Building and Loan Assuciation ol G�and Island,
<br /> ��- Nebraska for insur�nce,tazes and asussments,and sbstracting extensiun chargrs,with interest thereun, frum date of payment a[ the m�simum
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<br /> As providrd in tl�e Ilond secured here6y,while ihis murtgage remains in effect the mongagee may liereafler advance addition�l sums to�he
<br /> � makers uf said Bond,tlieir assigns ur sucttssurs in in�erest,which sums shall be within ihe security of this murtgage the same as the funds uriginally
<br /> ucureJ thereby.�he tolal�mouni uf principal Sebt uot tu exceed at any�time the origin�l amuuni of�his mortgage.
<br /> �D'JICII�IIIS 5th ���"r August � ��.�`+76
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<br /> L _��u,t.0 i �� ��c:1<.,.•: �-: �l'l;i,,-i
<br /> _ esse E. ercer 14aurine J. hlereer
<br /> S'TA7E OF Nf:BRASKA, ss. On this 25th dav of Aug ust 19 76 ,beforo mo,
<br /> COUNTY OF f IALL} I
<br /> the undeesigned,a Notary Public in and fur said Cuunry,personally cama � , �'I��• �
<br /> Jesse E. Mercer and Maurine J. hlercer, each in his and her own right and as spouse of each N' •
<br /> I Q���. whu dre personallyknownro , y� J. .
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<br /> :lnitinib"ot(iY�° JI person5 xhose namc s are affixed m tlie above instrumrnt as mortgagor S ��� they sererally ti;
<br /> ;�`tickrtdiyledgoc7tF��sai8�'rnsirument to be thei r �'oluntary uct and dced. � � -
<br /> a. . � �:��'ITD}�SS my hand and Notarial Scal lhe datc afurcsaid. _ . �
<br /> . , '. .:Aty�CcGl�mis:iun axpires t%,A,��u���� ',?�, 1(�1��_ �, �'� � -
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<br /> � ' ' �r�u�ary Public
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